Forex Forecasting Services are provided by many companies that provide trading services of foreign exchange. These services help a person who is trading forex to decide what currency to buy or sell or stay out from trading. So while you choose a service provider for trading forex you have to find out whether they provide you the forecasting services also. Some of the forecasting services are free of charge if you become a member of that website while some others charge a subscription fee for that service. It is your option to subscribe or stay away from this option. If you are an expert with good knowledge and experience in forex trading then you might stay away from these services, however subscribing or using these services helps you to make a quick decision during trading.
Forecasting services have to give accurate data otherwise the trading of forex will have a negative impact on your investment. If you get a good forecasting then you might increase your profit from forex trading even up to 400%. These services give you the forecast for two or three times a day so that you can follow the market for a particular day. They also give you information on the profit-taking position and the loss-stopping position. The service should in such a way that they can adjust their forecast for each currency characteristic in real time. Otherwise you will not receive the exact forecast. The forex forecasting services are also available for free if you open certain types of accounts for trading. For example a site may give a forecast service if you open a GCI or TFG FX account with them.
Apart from the forex forecasting services there are also other services provided by these companies. However you cannot expect a 100% forecast with this type of service. There are risks involved in this also. Some of the services claim that they can give 75% accuracy in the forecast. Many sites charge a subscription fee for the forecast service. You can easily locate websites that sell these services for around $75 per month. The rate depends on the platform that is given by these service providers. Some of them provide forecast for $60 per month. Always keep in mind that you get a service that is worth the money you spend.
Forexforecastgroup.com, Forexforesight.com, and Fxtrader.net are some of the websites that provide forecast daily through email and SMS. Forecast subscription services through SMS are a little bit costly than the email subscription. The SMS services send you the entry signals and the take-profit and the stop loss signals to your mobile devices. These forecasting are a good way of doing forex trading efficiently. SMS services are provided for a charge of around $120 per month. Before you subscribe to any of these services it is better to check the testimonials of other subscribers about this service. Invest wise! A simple search on the internet will provide you a lot of similar services from other forex trading service providers.
