Forex Signalman offers a service to follow the trades of an experienced Forex trader as they happen. The site makes the bold claim that you can turn your bank from 20,000 to 1 million in the space of a year just by copying the trading signals that are sent out.
The service is by email or SMS text. Every time this trader places a trade, you get an alert in your email inbox and, optionally, by text message to your mobile phone. This second system works well for those people who aren't perpetually checking their emails and is especially useful as successful trades don't obey regular working hours - they can happen at almost any time of the day or night.
When I started subscribing to the Forex Signalman service, I wasn't entirely sure what to expect. Sure, I knew I'd get signals but how much notice there would be and whether the price would still be available were unknowns.
I can report that the emails arrive almost instantly which is good because Forex prices move constantly and this is essential to be able to get the best prices although there's usually a window of quite a few minutes where the price hovers around the one quoted in the posts.
The service looks for extremes of price - the kind of trades that I'd looked at the charts after the event and thought "how did I miss that one?" - and seems to get it right more often than not. Most of the signals I've been sent have given me plenty of time to get in on the trade at or around the price quoted in the email.
I haven't been following the Forex Signalman signals for long enough to know whether or not the big claim of growing my bank 50 fold is accurate but from the trades I've seen to date, my gut reaction is that this is certainly possible.
The quoted figure of 1.5% per day has its ups and downs - no Forex system can guarantee that you will get a steady return like you would on a bank account, so I'd expected that to be the case - but in the weeks I've been following the signals my bank balance has increased, which is what I wanted in the first place.
This signal service has worked for me so far and I intend to continue following the trading tips that are sent out.
