Editor’s Verdict
Overview
Review
Headquarters | United Kingdom |
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Year Established | 2009 |
In the growing Forex market, the number of Forex traders who do not know where to start is also growing. Forex signal providers are a common resource for traders to depend on and make wise decisions when it comes to their trades. E Forex Alerts is one such service. Recently rebranded as PRO ChartPatterns, E Forex Alerts keeps it simple and straight forward with the ability to sign up for their emailed signal service and trade with any broker for $99 or to trade with GloCap Markets and pay only $50 for the company's Forex trading signals. E Forex Alerts just added a few new features to their offering including an automatic trading option as well as an in-depth Forex course. They also drastically improved the overall look of their website, something I found to be a little lacking before this redesign. The addition of the auto trader brings E Forex Alerts to a whole new level. There are many signal providers on the Web, but this new feature takes those quality signals and actually implements them for you. Not only are you benefiting from the experience of expert traders, but you are also able to enjoy full flexibility and mobility with the new auto trader. As for the course, it will put you back $199, but based on the stated curriculum, that is a small price to pay for what you are getting. The course is given by the head trader of E Forex Alerts and it covers many different topics pertaining to Forex trading. In the short term, $199 might seem like an investment, but you will most likely make that money back and then some, if you implement the advice you get in the E Forex Alerts course. If you want to test out E Forex Alerts' services, you can do so with a free 14 day trial although, for the signal service you need to provide a PayPal account and for automated trading you will need to sign up a new account (free to sign up) with their auto-trading partner. E Forex Alerts has a completely redesigned website with full explanations of their service offerings, information on money management/position sizing and provides all the information one would need to sign up for their service. There is a very easy to follow explanation about how the whole thing works, although the lack of SMS notifications was something that I felt was missing from E Forex Alerts. This is of course, made up by their new offering of automated trading. There is also a section on past results of traders who used signals provided by E Forex Alerts and they indicate monthly profits of anywhere between 144 pips and 1,188 pips in a month. Those are some nice profits. In terms of the actual signals, much like the site, they are written in decent English that is easy to understand. The emails I received from E Forex Alerts in the time I was reviewing the service included information about what currencies to go long or short on, where to put stop losses, as well as general tips on current movements of the Forex market. According to the site, E Forex Alerts is based out of Chicago and they offer a mailing address as well as a phone number to contact. I would have liked to see an immediate chat feature which is something I have seen in many other Forex service providers but the fact that I can phone or email them with questions gives me confidence. All in all, E Forex Alerts is a simple service that can make all the difference between Forex failure and Forex success. It is also something that both Forex beginners and experienced traders can benefit from.