Free Forex Signals Test: Full Breakdown & Transcript

[00:05] testing free Forex trading signals on Telegram. These signals are often provided by individuals claiming to be experts, or perhaps just some kid in his mother's basement pretending to be knowledgeable. We'll see the truth for ourselves. Essentially, there are thousands of traders, both beginners and those with experience, who send out free trading signals online

[00:19] daily. These signals tell you which currency pair to trade, like the Nasdaq or gold, when to buy or sell, and where to place your take- profit and stop-loss levels. About once a year, I like to test a selection of these signals to see if they

[00:33] can generate profits. I don't guarantee any results in this video; I simply test these signals. If you join me over the next three or four weeks while I test a set of these signals, I'll present you with the documented trading results, and we'll see together

[00:47] if any of them can contribute to growing your trading account. Just hit the like button and subscribe to the channel, and let's start searching for some signals. Okay, let's do a simple Google search now: "Best Telegram group for Forex signals in 2023" 2025 and it seems I'm lucky, and this

[01:01] result looks good. There are 10 different signal providers we can look at. We'll take all ten of them, put them into a copy trading tool, and then review the results after a few weeks. While browsing the signals here, one in particular caught my eye: Anble signals. I tried them

[01:17] particular caught my eye: Anble signals. I tried them earlier this year and they were terrible. However, I'll give them another chance, even though Andrew Tate will inevitably be misguided and, as usual, will place 100% of the blame on me. Now let's look at some other options. As

[01:31] you can see, the trading market can be full of scams. Look at this person promising over 40,000 guaranteed pips per month. This is a blatant scam. No one can guarantee future profits like this. It shouldn't even exist online. Nevertheless, we'll give them all a chance

[01:47] to join one of them. Just click on this link here. This will take us directly to the Telegram app. If you don't have Telegram and want to follow along, just go to telegram.org. The app is completely free and you can install it. On your computer or phone,

[02:00] okay, where were we? We were looking at the ProSinglesFX signals. These results are a bit amazing. Well, they are a bit amazing. Let's look at a trading idea. This is a Bitcoin trading level.

[02:12] As you can see, we used this level as resistance several times, and after the price broke through it, it was used as a support level. They think we'll use it again as support with a modest target. This is a fairly good idea; not bad at all. And of course, if you want free signals

[02:27] from me, I have my own signals room with nearly 80,000 members. The link is in the description. Here's a trading signal I recently set up. Now, to make this test official, I've already deposited $3,000 into my trading account. All I have to do now is take a few of these

[02:43] signals and link them to this trading account, and the signals will be executed automatically. Then we'll see if this profit will go from zero to 100% or this profit will go from zero to 100% or drop to negative 100%. We'll find out soon enough. And if you're

[02:56] wondering where I do this trading, I use the broker TripleFX. They are the best broker. In the market, they offer low spreads and low commissions, and allow trading via MetaTrader 4 or MetaTrader 5 on both computers and phones. The registration link for this

[03:11] broker is in the video description, so subscribe now. I'll be back in a few days to show you some live trades from these free Forex signals.

[03:29] live trades that have already been executed. I'm currently in a live trade, and I hope it moves in the direction I want. Let's start the week well with these free Forex signals. I have a few things to do first, and then I'll show you some live trades. Okay, we have a

[03:44] trading signal from Annabelle advising us to sell the USD/JPY pair, targeting this level. Here's the open trade I had while in the car. Now let's analyze this trade to see if Android misjudged

[03:58] Annabelle. As you can see, we have a very good level here on the 4-hour timeframe. Now we're looking at a swing trade. This area was previously used as a support level, and now it's being used as resistance. On several occasions, the idea seems to be that we capture a little

[04:11] liquidity from the market here above the clear resistance level, and breaking this trend line. You can see that we got one, two, three touches,

[04:24] then a break of the trend line, indicating that the price is heading down. The analysis of this swing trade, I must say, is very excellent. Let's follow the execution of the trade. The price touched the trading center there and then started to decline with a large candle, and we were almost in profit immediately. And in the

[04:41] last candle here, the take-profit target was fully reached. achieved 140 pips, targeting the recent support levels. Annabelle did a very good job with this

[04:55] trade, as it brought me a profit of $94 on my account, which now has $3,000. If all signal providers were at this level, we would have a very enjoyable time indeed. Now it's time to look at the results after a full week of free Forex signals on

[05:10] Telegram. Despite the big win achieved by Annabelle, the overall performance was not achieved by Annabelle, the overall performance was not very good. You can If you see - 100 - 500 - very good. You can If you see - 100 - 500 - 300, we had a good winning day on Thursday, then a $

[05:23] 50 loss on Friday. If you check your MyFXBook account after a week, we find that our losses are around $446, plus interest. If you scroll down, we see that we won four out of ten trades, meaning our win rate is only 40%. Our average profit was

[05:40] $30, and our average loss was $94. This means we risked $94 to earn $30, which is a poor risk-to-reward ratio. I would classify this week as a bad week, but it doesn't matter too much because we have ten signal providers.

[05:55] Perhaps at the end of three weeks, one or two of these providers will be effective. Even if we lose money overall, we can be optimistic and see the glass as half full. This isn't a good indicator of how this week will go. I have a set of trades to show you, but

[06:10] first I have to eat. Just look, real traders eat chicken wings while wearing Rolex watch. Let's look at some live trades. I finished the chicken wings, so let's start trading. ProSignalsFX just sent me a buy trade on the EUR/NZD pair.

[06:24] Let's analyze it. This free forex signal looks very good, doesn't This free forex signal looks very good, doesn't it? But we have a resistance level here. We broke through that level with a strong push, boosted by momentum,

[06:38] which created a demand level in this area. For further confirmation, we have a trendline breakout, area. For further confirmation, we have a trendline breakout, I decided this was a good trade and I was satisfied with this position. We

[06:53] tested the support several times, then the price fully rallied and reached the profit target, achieving fully rallied and reached the profit target, achieving more than $125.

[07:05] sell trade on the GBP/CAD pair via Elite Trade Signals. I did n't like this trade very much. It seems they are using Bollinger Bands and selling every time the price reaches the top of this range, so I think this trade is closer to a buy.

[07:19] You can see here that we have A rising support level is pushing the price upwards. Support is pushing upwards. Support is pushing upwards. So, I think buying here is the most appropriate. I also drew the trend line, and you can see one touch, two touches, then a breakout of the trend line. I think the move will be

[07:35] upwards, not downwards. I know they see the overall trend as downwards using their waves, but let's see what happened in this trade. You can see that it rose a little here, then suddenly rose sharply, triggering the stop-loss. I

[07:52] saw this as a buy trade, and I thought this level would hold, and it did. The price took a little liquidity downwards and then suddenly rose. If this was a losing trade, I lost about $60 in that trade. Then I got an IG trade from Top Trade Signals.

[08:08] You can see that it's similar to some of the other trades; not too bad. We had a resistance level here, and we broke through it, but not with the same strong push as in the other trade, which had a lot of momentum. They want us to buy here, but I don't see that clearly. Also, the

[08:24] trend line I drew hasn't been broken. Because we didn't get the big upward push, I think this is just liquidity. We also have a head and shoulders pattern, which indicates that the price will go down. Let's see what happened when the trade was executed. Oh my God, what a huge loss! I lost about

[08:40] $70 on this trade. Honestly, there was no reason to take this trade. It's clear that the trade was from a resistance level. Now, even though there are losing trades here and things didn't go exactly as we wanted, four out of ten signal providers are still

[08:53] making a profit after two weeks. If we look at the P&L profit and loss calendar after two weeks, it's profit and loss calendar after two weeks, it's loss, loss, gain, loss, gain—two winning days and three losing days. The account didn't go much higher or lower. And in

[09:07] MyFXBook, we see the exact same thing, where we gradually lose money by about $616. The gradually lose money by about $616. The win rate was 41%. The average profit is better now, isn't it? An average profit of $72 and a loss of

[09:22] only $87. The risk-to-reward ratio has improved, and as I mentioned, some providers The advertisements are actually generating profits; four out of ten actually make a profit. So, at the end of this test, we might find a free Forex signal provider we can trust on Telegram. Okay, we're

[09:37] now in week three, and this is the last signal I'll show you. Let's go back to Annabel. She wants us to sell gold, and honestly, I have no idea why she wants to sell gold.

[09:49] Let's follow the execution of the trade and see what happens. Stop loss, Annabel! What were you thinking? This was a trade against the market trend without any confirmation and without any real resistance.

[10:01] Bad idea! Now it's time to move on to the final results and see if we can trust any of the free Forex signal providers on Telegram. First, the trading account is worth $3,000 and has lost $584.

[10:15] This is the final result. Not very good, but let's break down the results, signal provider by signal provider, to see if any of them managed to survive. Before I do that, we had 116 signals in total, covering all of these. The trades ended with a win rate of 49%, with an average profit of

[10:34] $47 and an average loss of $55. As for the signal providers themselves, you can see here that only two of them ended up with profits. Surprisingly, the winner was Annabelle with a profits. Surprisingly, the winner was Annabelle with a profit of $58.69,

[10:49] and in second place was the Gold signal with a profit of $32.50. In fact, Annabelle provided many good swing trades, so she deserves first place here. I'm completely shocked; I can't believe it, but there was some quality in her signal. Now,

[11:06] whether you decide to use her signal or mine, the link is in the description. Always make sure to do some analysis yourself. If they are not buying at a support level or selling are not buying at a support level or selling at a resistance level, don't trade. Click the

[11:20] like button, leave a comment, join the VIP trading room, and watch this video here. And of course, watch this video here. I'll be back next week. All my video here. I'll be back next week. All my love.