The stock signals would help novice investors take advantage of the research conducted by trading professionals and leverage the potential of gaining huge returns from instruments such as stocks, ETFs, Forex, commodities, and cryptocurrencies. Besides stockbrokers, several independent companies offer signals on stock market trading. They use emails, mobile applications, and Telegram channels effectively to send stock signals to subscribers. Traders Union (TU) put together a review of the best 7 stock signal providers in 2022.
eToro is one of the best copy trading and social trading platforms in the world. It allows professional traders to sell their trading signals on its trading platform. Novice traders may copy trading signals offered by professional traders and generate generous revenues on the stock market. According to eToro’s website, the average yearly profit of the top 50 copy traders on its trading platform in 2020 was 83.7%.
eToro allows its users to access copy trading through programs such as CopyTrader, CopyPortfolios, and PopularInvestor. Over 10 million users use eToro for trading. Novice traders may need to consider the factors such as the experience of the professional trader, the number of followers he has, and the average profit his trading strategies generated before copying trading strategies. A trader, whose trading strategies generated good revenues in the past must have a good following on eToro’s platform. Novice traders can also look at the equity curve of the professional trader and assess how it reacted to market recessions and equity drawdowns. Other parameters that can help to choose the best professional trader for copy trading are win rate, loss rate, average win, and loss size. One can use copy trading signals on eToro for all instruments such as indices, stocks, ETFs, Forex, commodities, and cryptocurrencies.
Learn2Trade is an independent platform that offers trade ideas, market analysis, real-time market news, stock recommendations, and stock signals. Learn2Trade aims to offer expert advice that helps its users in making informed investing and trading decisions. Learn2Trade sends 3 to 5 signals per week on indices, commodities, forex, and cryptocurrencies via telegram channel to its subscribers. Learn2Trade would also send market trends, news, charts, and other relevant information that help in decision-making, along with signals.
Learn2Trade claims that its signals have a win rate of 82%. Its plans start from 15 GBP per month. Users may get a discount if they opt for 3-month or 6-month plans. The basic Stock Signal plan of Learn2Trade is available for 15 GBP. Under this plan, users get 3 stocks per week with entry and exit details. Learn2Trade would also offer a 30-day money-back guarantee on the stock signals plan (If users don’t find the signals useful, they may ask for the money back within 30 days after opting for the plan). Learn2Trade comes up with signals based on the indicators and tools, such as moving averages, resistance-support zones, Bollinger bands, and volumes.
FXTM is also a popular stockbroker that facilitates trading in instruments such as stocks, ETFs, commodities, Forex, and cryptocurrencies. FXTM trading signals are designed by the in-house team of market experts by analyzing pricing data, market conditions, and technical indicators. The free signals of FXTM include protective stop-loss recommendations, market open and close updates, and technical indicators.