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With the millions of Forex traders in the world today, everyone's looking to be successful and make money. Signal services have become a useful tool to do just that in Forex, telling traders what currency pairs to trade & when to trade them so they can make the most profit from their investment Most traders, from beginners to the most experienced experts, use automated signal services and chances are you're using one too. But so what if you're using one? What if the signal service you've been using is inaccurate or faulty?

Take a look at these 3 quick, yet very useful, ways to tell if your signal service is really the best available or if you're missing out on easy profits! Wouldn't you like to know if you could be using a more effective signal service and putting more money in your Forex account everyday?

1.) Is The Accuracy Rating Above 70%?

Some signal services or robots just provide loose signals based on incomplete information, causing the accuracy rating of their signals to plummet. If your signal service's accuracy rating is anywhere under 70%, it's a glowing red flag that it's time to switch.

The best signal services have an accuracy rating of around 85-90%, helping you make money on each trade!

2.) How Are The Signals Delivered?

All signal services offer email & text message delivery, but if these are the only methods available, the service is outdated & therefore not as effective. Real, cutting edge signal services provide signals directly on their site for members, via a pop up software and by email & sms text.

3.) Do The Signals Utilize Stop Loss?

All legit signal services and EA realize that the stop loss rate is a very important part in trading. Even if a signal service has an accuracy rating of over 90%, losing trades are part of Forex and planning for them is extremely important. Any signal service worth it's salt will make sure their traders set the stop loss rate every time as a precautionary measure.