New traders often struggle to make money from forex trading as it requires substantial knowledge about financial market trading. Therefore, many people seek an alternative way to make money without practical trading. In this way, Telegram channels have become a good source of making money online.
However, it is often hard to find a reliable source to make money online. One of the most significant risks is finding reliable sources that can provide accurate signals. In the following section, we will see the list of the top five TG signals that might help you to make money online.
Risk of Telegram forex signals
FX calls is a process of providing trading ideas through a social connection system where investors can follow other persons’ trade directly to their trading account. However, it is often hard to find a reliable forex signal service as any authority does not regulate it. Therefore the website may attract you with a fantastic return, but you will not see the actual result when you take their service.
The use of social media has expanded where communication has become effortless. People from any country can create Telegram channels and offer signals. In that case, the possibility of getting scammed is high as there is no way to track the authenticity of the service.
Therefore, it needs additional attention to the service and service provided to find the most reliable investment opportunity. You can do it by yourself or follow the next step, where we will list down the top five Telegram FX calls groups that are reliable.
Top five Telegram forex signal channels
While finding the best service, we checked our account’s trading performance and backtested the result with the past chart. Even if all results are positive, you should test the service by yourself before investing.
This service provider has both free and paid channels, so you can check their service without paying them.
The free channel sends one signal a day, but it shares trading education for traders. The trading accuracy is also well above 70%. On the other hand, the VIP channel has full functionality to get a maximum of 15 trades a day. You can take their services from their websites with a $35/month or $500 for lifetime access.
- The accuracy of the FXPremeire.com signals is high.
- They have a team of professionals in the background so that they can provide good profits.
- Not enough signals in the free channel.
- There are many link exchanging ads in the free channel.
Free Signals Pro
Free signals pro is another forex Telegram signal provider. The uniqueness of this platform is that it provides a complementary signal to make money without paying any fee. Another good feature of this platform is that there is no marketing message and influence to join the paid version.
If you are a beginner trader and want to learn how to create by looking at other people’s analysis platforms would be a good opportunity for you. However, this channel does not provide too many signals in a day, so you might only feel bored by getting one or two signals.
- You don’t have to pay any fees to join the signal service.
- There is no advertisement to increase people to join the paid version.
- The daily number of signals is not much for a full-time trader.
It is another reliable and lucrative forex signal group with sophisticated trading signals on the FX market only. This platform has both free and paid versions so that you can check their service without paying any fees.
In the free channel, we will have simple trading tips with signals and trading reports of the VIP group weekly. The free service would be a good option for beginner traders, while the maximum benefit is available on the VIP channel.
The VIP channel includes a detailed market report with a lot of trades per day. However, you have to pay £79/month or £499 for lifetime access.
- The beginner channel is effective for new traders.
- The signal accuracy on the VIP platform is suitable for full-time traders.
- The free channel is made to attract people to the VIP channel.
- This platform is not suitable for new traders who want free high-quality signals.
It provides suitable signals for new traders. You can have three signals a day through this channel besides the regular market update. Moreover, this channel continuously sends trading alerts and news so that you can remain informed about the trading news. Currently, this channel has more than 49K members, and more people are joining every day.
- This platform has been in the market for more than ten years.
- It offers free market updates besides trading signals.
- They send too many trading updates rather than signals.
Sure Shot Forex
It is another free TG channel that has more than 27,000 active users. It is a good option for beginner traders as this channel provides up to 5 free signals a day. Moreover, you can have a detailed analysis that might help you learn.
- Signals in this group are accurate.
- They do not charge any fee or attract people to join other groups.
- It provides advertisements for some online brokers.
Following a signal would not be the ultimate solution for your financial freedom. Therefore, besides following a signal service, make sure to build a trading strategy and enrich yourself by learning every day. One of the best methods to know anything is by reading books.