Forex signals are trade recommendations that tell you which pair to trade, in which direction, at what price, and where to set your stop-loss and take-profit. Used correctly, signals can supplement your own analysis and accelerate your learning curve. Used incorrectly — by blindly following without applying your own risk management — they can drain your account rapidly.
Types of Forex Signals
How to Evaluate a Signal Provider
The quality of signal providers ranges from genuinely profitable analysts to pure scams. Here is how to tell them apart:
Red Flags to Avoid
- Claims of guaranteed profits or "100% win rate"
- No stop-loss provided with signals
- No verifiable track record available
- Signals only provided via screenshot (not live)
- Very high subscription cost relative to stated returns
- Pressure to open specific broker accounts
- No explanation of the analysis or strategy used
Always Apply Your Own Risk Management
This is the most critical rule when using signals: never use the provider's suggested position size. Signal providers don't know your account size, your risk tolerance, or your portfolio of open trades. Always calculate lot size yourself using your own 1% risk rule and your account balance.
Signals + Cashback
Every signal trade earns cashback regardless of outcome. This means your cashback rebates partially offset losing signal trades — providing a structural buffer that signal traders on standard broker accounts don't have. A signal trader placing 20 lots per month at $7.50/lot earns $150 in cashback — equivalent to 15 pips of EUR/USD profit recovered purely from rebates.
Register with Say Affiliates before your next signal trade — earn cashback on wins and losses alike, reducing the net cost of every position.