Tools Trade Signals - An in-depth Review

Welcome back, traders and true believers of Forex Trading.

Welcome to the McDuck trading family.

In our last post, we went in-depth of an Economic calendar, if you missed it make sure to check it out!

Today we are going to be reviewing a trading signals provider called "Tools Trades". As you may know, we have been using trading signals from them in the past, and we have mostly had positive experiences.

I would like to point out that this review is in no way sponsored by Tools Trades.

Considering that a lot of people have contacted us, asking about the trading signals we have been using, and if we could do a review of the aforementioned provider, we decided to make a post about it.

As we mentioned a lot of times before, trading signals can be used by both beginners and experienced traders. You can use trading signals as a foundation of your trades, which you should only be doing if you have complete trust in your trading signal provider. In most cases, however, you are going to be combining trading signals with your own fundamental and technical analysis in order to get the best results.

I wasn’t satisfied with my previous trading signals provider, the profit-to-loss ratio wasn’t as high as I expected it to be, and they weren’t exactly cost-effective either. I sought out to find a new signal provider, one that would prove to be more reliable and bring me more profit in the long term.

I wanted to find a provider that has been around for a long time, who had an established user base and always strived to improve their service and customer satisfaction. I spent a lot of time researching and comparing signal providers, eventually, I found out about Tools Trades.

They had a promotional offer, where they gave out free signals for new users, I decided to sign up and try them out. They gave me a handful of free signals, and to my surprise on 9 out of 10 I made a profit. As my profits began to grow, I started considering to get a premium account, now if you know me, I don’t like rushing into decisions.

Before I signed up for a Tools Trade premium account, I wanted to make sure that they are a legitimate service. I looked them up on a review website called „Trustpilot“ and I have seen that the majority of the reviews that were left there were positive. They have an average rating of 4.5 stars, and while reading through reviews, I have noticed that there is an intersubjective agreement between the users.

Most of them have concluded that Tools Trades is a beginner-friendly signal provider, that provides daily updates on trades markets, has pretty decent fundamental and technical analysis implemented into their system and overall is a reliable trading signal provider.

This combined with the fact that I won most of my trades so far, convinced me to get a premium account, so I contacted their customer support agent, and had him sign me up for one.

Now let us talk about the features that they offer:

• Customer support

When it comes to customer support they have a 24 hours/5 days a week live chat. Their support agents are professional, friendly, and available to give you a call if you need any help. They usually responded quickly to any queries that I have had in the past, which is a big plus.

• Free SMS service

One of the things I really like about them is that they have an SMS service that is included free of charge. Once you generate a signal, the system will start tracking it and deliver feedback to you accordingly. They will send you suggestions, such as to close the trade with profit. They will also give you a notification when the signal has ended, be it with a profit or a loss.

They have realtime trading results, where you can see how their signals are doing. They display profit, loss, pips and total profit of their signals that have been recently generated by users. I consider this to be a great feature because it shows in a transparent way how good their signals actually are.

Now, they also have realtime Power signals trading results, while we haven’t talked about them in the past, Power signals are the pride and joy of the Tools Trades company. Apparently they started the development of Power signals back in 2012 and the whole process took around 100 months. Power signals are calibrated every day and they are generally reserved for the smaller group of their user base.

You would have to be an active member that trades on more than three platforms in order to get access to Power signals, which for most experienced users shouldn’t be an issue. Power signals are the magnum opus of Tools Trades so far, so I understand that they have tighter requirements for them, considering that they combine the best of both worlds when it comes to fundamental and technical analysis in order to bring you the most profitable signals on the market.

For those of you who like to engage in Forex trading on the go, the Tools Trades has provided both android and apple users with an app. The application can be found on Apple and Google Play store respectfully. Considering that I use both mobile platforms, I had the ability to test both of them, and I must say that both of them are pretty decently optimized. I prefer the android version, however, and it seems to be very popular as well, considering that it has more than 10.000 downloads on the Google Play Store.

I keep a trading journal of all my trades and profits in order to track how much money I made and areas in which I can improve, we will cover the importance of keeping a trading journal one day. Now let's take a look at the profit I made using Tools Trades trading signals.

• Regular signals

Here you can see how much profit I made, how much I lost, and the total profit made. I also have the profit-loss ratio which at the moment is at around 87 to 13 per cent. I have done a lot of trades using regular signals and I am satisfied with the outcome, however, I believe that the best Tools Trades can offer lies in the Power signals.

• Power signals

As you can see, Power signals have a 91 to 9 per cent profit-loss ratio in my trades so far which translates into a bigger profit. Every signal is unique and has its own ID which goes to show much effort is put into them. While it is harder to get access to Power signals, they will most definitely pay off. So if you are an active and serious trader looking to make a profit, I highly suggest trying Power signals.

Now let’s go over the pros and cons of Tools Trade:

Pros:

• Beginner-friendly

As you can see Tools Trades is a beginner-friendly signal provider, and you can jump right into trading without any prior knowledge, although I recommend that you at least watch some of my other videos in order to learn more about Forex Trading.

• Reliable

The signals are reliable most of the time, which is probably the most important thing on the list.

• Professional services

The services they provide are modern and professional, the amount of work that they put into their system is admirable.

• Profitable

And last but not least, you can make a decent profit using their signals, especially if you invest your time into learning how the market works.

Cons:

• Power signals are reserved for active and serious traders

As I have mentioned before, Power signals are reserved for active and serious traders, if you are a beginner you will most likely be using regular signals for some time, and we have seen that Power signals are much more profitable in the long run.

• You are advised to do your own research

No matter how reliable the signals are, as you don’t get much information from the signals I strongly advise that you make time to learn about different strategies and fundamental things that are essential for trading.

That is everything for today, feel free to check out the video below on this topic, stay safe and I will see you soon with more tips and tricks, trading signals and guidelines for Forex trading!

Make sure to subscribe to the blog and the youtube channel so that you don't miss out on the weekly updates.

#Forex #MakingMoney #Trading #ToolsTrades #TradingSignals