Get free forex signals from these reliable sites

Most times newbie traders don't even know when to enter and exit the market. They keep on losing their funds because they've not learnt the basics of forex trading.

This has led to many forex traders searching for forex signals most especially, the free forex signals.
In a simple definition,

A Forex signal is a suggestion for entering a trade on a currency pair, usually at a specific price and time. The signal is generated either by a human analyst or an automated Forex robot supplied to a subscriber of the forex signal service. Due to the timely nature of signals, they are usually communicated via email, website, SMS, RSS or other relatively immediate method.

 There are both paid and free forex signals. I keep on wondering why a trader would pay for a forex signal that's been offered free of charge by other forex analysts.
Anyway, am focusing on the free forex signals in this article. I've got no business with the paid ones.

I've decided to publish this post on where to get free forex signals because i noticed that many forex traders especially the beginners find it difficult locating the best free forex signal providers.

List of the best free forex signal providers

• Actionforex:

I have been using Actionforex free signals to trade for years now and they've proven to be quite reliable. Whether you're a long term or short term trader, you'll benefit from Actionforex's free signals.

If you're a short term trader, you can use their intraday free forex signals. For long term traders, you can use either their Candlesticks or Elliotwave weekly forex signals.

Not only these, you will also have access to free in depth technical analysis of most of the currency pairs.

If you want to use signals from Actionforex, just ensure you keep to the date and time they publish the signals on their site.  

Free forex fundamental analysis is also not excluded from Actionforex. Their forex analysts provide you with up to date news about major currency pairs and when to trade the pairs.

• Dailyforex:

Dailyforex also provides free forex signals and technical analysis.  You can always benefit from these signals by knowing the right time they publish the signals.  

Dailyforex provides signals on only the major currency pairs but their signals are 80% accurate most of the time. 

• Signalfactory:

Signalfactory provides free forex signals via their twitter page.  You have to follow @signalfactory to receive their free tweets on when to enter and exit the market for the various currency pairs.  As with others, they provide the recommended entry price, take profit and stop loss prices.

I like Signalfactory's service because it's free and they tweet on most of the currency pairs, so you chose the ones to enter and leave the rest.

Tip: If you want to receive their tweets via mobile, just go to your twitter settings, enable mobile notifications and also activate the mobile notifications for @signalfactory.

• FreeForexSignal:

They created their site primarily to provide free signals for their users. They publish their own signals in blog posts everyday. They also provide technical analysis for their chosen pairs, trading recommendations.

You can also see the trend direction for short term, medium term or long term traders.

Others:

• Gainscopefx and letsfx:

I use these sites to confirm if the trading recommendations from the above sites are real. I will then enter them in my meta4 platform.

While  letsfx provide you with free technical analysis for a particular currency pair without the entry and exit points, Gainscopefx gives you their own recommendations on when to enter and exit the market i.e. the entry point, TP and SL prices.

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