Paid trading signals are provided by special companies which have chosen this type of activities as the major one. And the price of such paid signals often varies from 10 to thousand dollars per month.
The price of trading signals depends on many factors. And there are several options to calculate its cost. There are some signals which need to be paid monthly. You also may find cases where you should pay for each signal separately. But usually you can get a discount if you buy trading signals for a long period of time.
There are many different options of form to get a trading signal. Some firms make the newsletter, which give a clear indication of the opening transaction, change its settings and close the deal. Others provide access to a restricted part of the site, where you can see the projected prices. And, again you may find both accurate prediction and more abstract models. For example, one company offers a table that reflects a lot of support and resistance lines. And at the bottom of the table there is an algorithm how the trader must make transactions according to these trading signals.
Free trading signals are usually different from the paid ones. If we are not talking about that free forecasts produced for promotional purposes, the most essential difference is their free predictions abstraction. They do not give clear instructions as to the trading signals. Most often they predict the likely ranges, or even just the direction in which the currency will be more likely.
A trader should remember that no matter what trading signals he has chosen he should fulfil the requirements of the system of the company which signals he has chosen. If trading signals give you 20% per month and you decide to increase the tradable lot you must give up this idea immediately. As you there is a risk of losing all your deposit or most part of it as soon as the supplier has a small loss-making transaction.
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