5 Minute Trading Signals Versus Best Forex Trade Signals

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I want to do a comparison of the Forex signals providers 5 Minute Trading Signals Provider and Best Forex Trade Signals. I usually do not compare Forex signals providers like 5 Minute Trading that make you place the trades manually to Best Forex Trade Signals that automatically places the trades for you. However, since the trade alerts come out at the same time, are set and forget and only take 5 minutes to place, I wanted to do this comparison.

5 Minute Trading provides Forex alerts for EURUSD and EURJPY at 03:00 EST and USDJPY and USDCAD at 00:00 EST. At the designated time, you go to the website to access the signal instructions. The alerts come out at the same time every day. Then you use the entry, stop loss and take profit to set up the trades in your trading platform.

This is a true set and forget Forex signals service. After placing the trades, there is nothing more for you to do. You can even close your trading platform as it does not need to be connected to the Internet any more.

The biggest difference between 5 Minute Trading and Best Forex Trade Signals is how you have to place the trades manually. Best Forex Trade Signals uses broker to broker trade copying to deliver and manage the signals. But I would argue the fact the signals can be placed in less than 5 minutes does not make this the most important difference.

With Best Forex Trade Signals you get both the trade signals and the advanced money management. This means you can duplicate the percentage gains the service gets, and not just the pip gains. Subscribers of the signals copy the lot size according to the size of their account which means the same percentage gains are possible.

In comparison, 5 Minute Trading does not help you with the money management aspect of trading. They give you the entry, stop loss and take profit levels. But you are on your own as far as money management.

If you are an experienced trader and understand the importance of proper money management, this is not a big deal. But if you don’t understand how to use proper money management this can be quite a big deal. You could end up risking too much and losing a lot, or using too small a lot size and leaving profits on the table.

At the end of the day, Best Forex Trade Signals is a better option because you get both the signals and the professional money management. It is very easy to set up, and once done, there is nothing more for you to worry about. The addition of professional money management gives you the ability to duplicate the percentage gains the service is reporting. To see the full comparison go here: 5 Minute Trading Signals Provider

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