Forex Alerts

WDFX Review

Looking for good Forex alerts is a little bit like looking for a needle in a haystack. However, some systems can actually be profitable. WDFX signal service claims to be one of the good guys. Do they deliver on their promises? Let's find out, shall we?

What is WDFX?

WDFX is an acronym for William Doebeck Forex and it is a Forex company that offers a number of products and services. One of their most popular services is that of Forex signals.

How it Works

With WDFX signal service, you get a subscription service that works in much the same way as other signal services. A professional trader sends out signals based on his trading criteria. You can take the signals and then place them in your own trading account. They also offer a system that copies the trade into your trading platform so that you do not have to be around to place your trades.

Cost

The cost for the WDFX trading room/signal service is 20 GBP per week. At first glance, it doesn't appear to be much, but you really need a large account to be able to be profitable with this fee. For example, you should plan on having a lease $5000 to $10,000 in your account to make money after the fee. If you want the expert advisor that copies the trades for you, there is an additional fee for that also.

Results

The WDFX service appears to be legitimate. They have been in operation for a few years now and they have a lot of happy customers. With this service, you will not get rich overnight, but you can catch some nice trades every month. Most months are profitable with WDFX, but you will not win every trade.

Some months will be bad and you will need to be able to stick with the system even through the hard times to make it work. The Forex trade signals are offered by the service can have several losers in a row and then follow that up with a big win. Alas, this is how Forex trading goes a lot of the time.

The Verdict

If you are considering signing up for the Forex alerts from WDFX, we would say that they are pretty good and accurate Forex signals. The only catch here is that you need a pretty large account to be able to make any money off of the signals. This is not something where you can deposit $100 in your account, turn on an EA and hope to make thousands of dollars a month. This is more of a "slow and steady wins the race" type thing.

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