Making a profit through CFD trading isn't easy, but it can be with the right set of industry knowledge and tools. The first thing you need to do is learn how CFD trading works. Understanding what you're trading can help you boost your profitability massively. However, you also need to know when the market might turn in your favor or against you. With that in mind, we've put together the following list of the best CFD signals providers for 2021.
78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
eToro USA LLC does not offer CFDs, only real Crypto assets available.
Etoro is a very different kind of signal provider, but they certainly get results. However, they may not be what you're looking for if you're after pure signals and data.
What Etoro allows you to do is follow verified top investors who are making the most money on the platform. You can monitor the trades they make, which signals they're using, and what they're keeping an eye on outside of it all.
The idea is that this is a social trading platform where everyone can work together. The reason the success win rate is lower than the rest of the providers on this list is most likely due to the sheer number of members.
If you're an experienced trader, you could still learn a thing or two by monitoring those who are rated at the top of Etoro's rankings.
Success Win Rate: 70%
The beauty 1000pipbuilder is that it distils ten years of trading experience into daily signals that are sent directly to users. Each member of the team has been operating in the industry for at least this amount of time, meaning that the signals you get are based on real-world experience.
The company works slightly differently to the others on this list. The team work to customize the signals you'll receive based on your needs. Once they've worked out where you're trading, they'll provide signals which will help you make the most of their information. This is much better than being sent signals that might be completely useless to you.
1000pipbuilder is backed by MyFXBook, with all data checked before being sent out to users. You can track the data being sent out, and see the performance of it over the past 24 months. This should be enough to convince you that the singlas you'll get will be worth your time and money.
Win Success Rate: Varied Due to Multiple Sources
This may be one of the most renowned companies for providing the best CFD signal to users. Not only do they provide new signals daily, but they also have many trading programs that will help you boost your skills in the market.
The key difference with ForexSignals.com is that it isn't an automated service providing signals. Instead, it's run by a few individuals who monitor the market daily. They then compile the data they find and send that out to their users.
What you get here is effectively a curated service. The people working for you are looking for the best and most useful signals. There's not going to be anything pointless being sent to your inbox. Every signal will have a purpose.
As an overall service, this might be one of the best out there. If you want somewhere that you can grow as a trader and benefit from great signals, then this is the company to work with.
4. Learn 2 Trade
Success Win Rate: 82%
Learn 2 Trade is one of the best signals providers out there. Among the services they offer are market trend visualizations, signal delivery, and chart analysis. The service provides between three and five signals per day, all of which could be useful for monitoring the CFD you're trading.
The real benefits of Learn 2 Trade come from their premium service. The cost for this service is lower the longer you plan to stay subscribed to it. If you're serious about signals, it's worth going for a long-term subscription. This offers signals with an 82% win success rate, providing average monthly gains of between 30% and 40%.
However, if you need a free service, Learn 2 Trade also offers this. It provides three signals per week. While these don't necessarily have the same win success rate as those issued with their premium service, they offer a way to monitor the market that can still be beneficial for your trades.
The real difference with Learn 2 Trade is that they're dedicated to their users. They present signals with high win success rates regardless of what level of subscription you carry. If you're looking for a good place to start gathering signals to help with CFD trading, these guys are a great entry point.
5. Forex Online School
Success Win Rate: 81%
Both those new to CFD trading and experienced pros can make use of Forex Online School. It's a UK-based analysis hub that constantly monitors markets around the world. This is where you can get the best CFD signal for you sent directly to your phone. Giving you a chance to make trades when they matter most.
The signals this provider sends out are one thing, but they also offer a service that helps you learn how to take action on certain signals as they're sent out. It really is a one-stop-shop for all your CFD trading needs.
The success win rate of the signals Forex Online School sends out is 81%, with average monthly gains of between 29% and 38%. Once again, your monthly costs are reduced if you plan to have a subscription with them for a longer period of time.
There are various levels of signal groups for you to join, but all of them give you an insight into the market that you won't have had otherwise. This is important because it's a second, third, and fourth pair of eyes on the market when you can't be watching it. Making use of these signals will help you avoid losses on trades, allowing you to trade off a CFD before it drops too low in value.
6. Forex Signal Factory
Win Success Rate: 78%
If you're after a free signal provider, this is the one for you. It's still a small company compared to the others on this list, but their success rate speaks for itself. It also won't cost you a thing, which is a huge bonus for traders who are just starting out.
The company provides regular alerts that you can act on as soon as you receive them. This will help you keep an eye on the CFD you're holding, and whether you need to trade it before you lose money, or hold onto it in order to maximize profit.
What are CFD Signals?
It's impossible to get a true CFD signal because of the nature of what CFDs are. Each CFD is a contract that you are trading based on its value. You only stand to make a profit from the trade if you sell it for more than you purchased it for.
That's why Forex and other signal providers, like the ones we've listed here, are so important. They offer you information that you can use to make a judgment on whether you need to sell a CFD now or hold onto it because it's about to go up in value.
If you receive a signal that shows that the Dollar is about to increase in value over the Pound, for example, this could boost the value of your CFD. You can then either choose to sell it for the inflated value or hold onto it in the hopes that the Dollar will continue to increase in value a little more.
Why do You Need a CFD Signal Provider?
Most traders, especially those who are just getting into CFD trading, don't necessarily know what the best trades to make are. That's why signal providers are so useful. They help you target the correct trades to make and when to make them. Over time, you can learn how to make the best use of these signals or even notice trends in the market that indicate a shift you can take advantage of.
The difference between forex and CFD is that Forex is the practice of trading currency while CFDs are contracts in different types of markets such as commodities, cryptocurrency, and indices.
Forex trading is not the same as trading a CFD. However, you can use forex signals as an indicator for when you may need to buy or sell a certain CFD. If a particular currency shows signs of trending up or down in value, that could affect a number of CFDs. It's down to you to understand how currency value could affect your current CFDs and know when to buy and sell them.
There are restrictions on CFD trading in the US. It's illegal to trade in CFD unless through a registered exchange. At the time of writing, there are no registered exchanges that offer CFD trading in the US. Therefore, it's illegal to trade CFD in the US. However, as soon as one opens up, CFD trading will be completely legal.
CFD stands for “Contract for Difference.” It's a trade that you purchase as an asset. When you buy it, you make a bet that it will go up in value. That's because you will earn a profit by selling it for more than you purchased it for. However, if it goes down in value, you'll have to pay for the loss against what you paid for it.
Those are the providers that offer the best CFD signal on the market in 2021. We hope you can make use of a few of them, particularly those with free services. If there's a company, you think we missed, please let us know who they are in the comments.