Forex Live Trade Alerts is a Signal provider that promises a lot in terms of success rates. They have chosen not to disclose the name and location of the team behind this. Is ForexliveTradeAlerts right for you? Find out below.
Table of Contents
What Are Forex EAs, Signals or Indicators?
An expert advisor (EA) is software that directs and guide you on what trades to make or pass on. It even automatically starts and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
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We cannot overstate the advantages and usefulness of Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider a lot of variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal providers to lay claims to their product being a sure-fire way for you to get richer (it’s mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
Forex Live Trade Alerts Review
This signal provider was Launched on the 11th of March, 2020. And although they do not give any names behind the whole thing or even disclose location, they promise
- 87-93% success rate
- 24/7 customer support
- live trade updates, analysis
- 5-7 signals per day.
How ForexLiveTradeAlerts Signals Works
In this section, we cover the strategy of the EA. We also looked at the trade result if they provide any. For the trade results we hold results that are posted on myfxbook to be standard but we also consider fxblue and other alternatives.
ForexLiveTradeAlerts doesn’t provide an in-depth explanation or insight how their strategy works. The sales page claims that they use historical price movements, current trading conditions and technical analysis
Forex Live Trade Alerts Price
$100/month
Client Feedback
Customer feedback is a vital instrument for us to offer up a quantitative review and analysis of an EA. We mostly consider feedback a third-party site as we have found that reviews on the official page might be manipulated, concocted or paid for.
We could not find many reviews by customers who had used this Signal provider before, at least not enough to form a conclusive decision.
Conclusion
After going through all aspects of this Signals provider, we concluded that it has only done the barest minimum in convincing us that any of their signals are worth your money. This might be because they are new.
At the time of this writing, they do not satisfy us with gaps between what it promises and what it delivers. We will reserve judgment for now as we wait for a while for this signal providers to flesh out their presentation.
They are different EAs and signal services, one that has come close to impressing is Davinci Fx
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
Accounts
Free Trial
Projects
SSL
2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee