5 Best Paid Forex Signals Groups in Telegram in 2023
Following forex signals, especially paid forex signals, has become a fundamental way for individuals to add more to their monthly income on a regular basis. The thinking behind paid forex signals groups is straightforward. In return for a small fee, a group of professional traders will send you exactly what forex pair to buy, which you can then follow to generate a nice return.
The clear and obvious advantage is the time saved and investment required to be a profitable trader. Outsourcing trading to a group of professionals can be incredibly lucrative so long as you choose a good group to work with.
That’s why in this article, we’ll do a walk through of the best paid forex signals groups in Telegram that you should consider following so you can start generating meaningful and consistent returns for yourself. By choosing the right group, you'll easily earn back the fee you pay to receive the signals with the profit you make from following great trading advice.
However, before we take a look at those groups, what exactly are paid forex signals and how can you use them to turn a profit?
What Are Forex Signals?
Paid forex signals groups are nearly always based in Telegram. In these groups, the provider will issue all trades and send out a notification similar to the below:
The signal notification tells you what forex pair to buy, whether to go long or short, and lastly, the take profit targets plus stop loss target.
Why Invest in Paid Forex Signals?
While there are a number of groups offering free forex signals, you'll quickly find that in order to receive more and better signals, it's worth splurging to join a paid forex signal group. And if you have a good forex signals provider, you should then hopefully come out with a profit like this one below:
Now that you have a better idea of what forex signals are, how they work, and why it's worth investing in paid forex signals over free forex signals, let's talk about how to choose which paid group to join on Telegram. There are heaps of forex signals groups out there, and it’s paramount to select a good one so that you can generate consistent profits.
So let's get into the list of the top 5 paid forex groups in Telegram.
1. MYC Forex & Commodities Signals (@MYC Signals)
MYC Signals is a premier paid forex signal group in Telegram. They place their focus on generating profitable returns on a day to day basis whilst at the same time minimizing on losses. This allows joiners to understand the amount of returns they can expect to make as a result of being a member of their group.
Furthermore, in addition to forex signals, they also provide signals for commodities such as gold and oil, something that very few other groups offer. This combination of both forex and commodity signals means that their members get a lot more value and receive significantly more signals.
Lastly, the group also posts daily market and technical analysis updates so their members fully understand the decision behind every trade so they themselves can become better traders. Lastly, their signals can be followed using common brokers and platforms such as IC Markets and Oanda.
If you want to join their group and begin your journey of generating income from their forex and commodity signals, then here’s how you can get started with them:
1) If you have Telegram be sure to reach out to the admin, @MYCSupportBot, as well as to join their free forex signal group, MYC Forex & Commodities. In this group, you will receive completely free forex and commodity signals so you can see the quality for yourself. Alternatively, if you don’t have Telegram, feel free to contact them via email: [email protected] and they’ll walk you through how to get started.
2) They offer their premium channel: MYC Forex & Commodities VIP for you to join. The membership can be paid via any cryptocurrency of your choice or via card over at their payments page.
3) Once you’re all signed up and you’re a premium member, they’ll work with you to make sure you can follow their signals as easily as possible, as well as to solve any problems you may have. They tout 24/7 customer service so regardless of which time zone you live in, you can be sure that you’ll get a prompt response.
FOREX.com, widely considered the premier forex broker in the United States, provides its clients with complimentary access to the Advanced Trading Platform tools, including valuable trading signals like Pivot Points. These signals serve as reliable indicators for entering and exiting trades.
The broker's Autochartist tool offers an automated scanning feature that meticulously analyzes the forex market. By identifying chart patterns specific to your preferred trading markets, it presents potential trade opportunities as trading signals. Moreover, it provides forecasts based on traditional technical analysis interpretations of these patterns, offering insights into possible future developments when specific trigger points are reached.
In addition, FOREX.com offers the Recognia technical analysis portal free of charge, simplifying trade planning for traders. The portal showcases short-term trading opportunities based on pivot points, support and resistance levels, and a wide range of indicators used by technical analysts. It delivers a clear and comprehensive rationale behind each trade recommendation, while also suggesting alternative strategies in case of shifting market conditions. The trading opportunities are visually presented on charts, enhancing the overall trading experience.
FOREX.com does not explicitly charge for signals as a standalone service. The broker provides its clients with access to various trading tools and platforms that include features like trading signals and technical analysis tools at no additional cost. These tools are available to clients who have an account with Forex.com, and they can use them to enhance their trading strategies and decision-making process. It's important to note that while the signals and tools are provided by FOREX.com, the ultimate responsibility for trading decisions and their outcomes rests with the individual trader.
3. Zero to Hero
Zero to Hero is a UK-based signal provider that offers paid services. The site focuses on providing signals for paired currencies and crosses, including nearly all of the most popular forex pairs.
To access the signals, Zero to Hero charges a standard fee of $95 per month. However, they also offer a 7-day free trial for users to try out the service before committing to a monthly subscription.
Unlike some other signal providers, Zero to Hero does not provide trading education. It primarily caters to professional and experienced traders, although new traders can still benefit from the site's signals. Zero to Hero delivers at least ten signals daily from major markets, and their trading results are independently verified by third parties.
Users receive the signals via email and SMS, enabling real-time access to profitable trading ideas.
The signals provided by Zero to Hero are based on the interaction between short-term momentum, support levels, and longer-term trading support and resistance levels. This strategy has been successful in executing profitable trades in real-time.
One notable feature of Zero to Hero is the ability for traders to set predefined stop-loss and take-profit levels. When the signals align with these predefined levels, the trade is automatically executed. Zero to Hero also offers strong mentoring and support for traders, providing a high level of assistance.
Signals are delivered during London, NY business, and Asian business hours, making them accessible worldwide, a feature that sets Zero to Hero apart from other providers.
4. Learn 2 Trade
Learn 2 Trade specializes in both Forex and cryptocurrency trading. Two of their features that we like the best are their user-friendly interface and round-the-clock customer service. However what really sets Learn 2 Trade apart from its competitors is its exclusive reliance on technical indicators to generate accurate and reliable trading signals.
Learn 2 Trade delivers its trading signals through Telegram, ensuring instant and convenient access for its users. They provide both free and premium forex signal services, allowing traders to choose the option that best suits their needs. With the free service, you can expect to receive up to three forex signals per week, complete with essential details such as stop loss, take profit, and entry price levels.
Learn 2 Trade's paid forex signals plans are tailored to specific trading preferences, such as swing trading and fund trading. Their swing trading plan is available for a monthly subscription fee of £35, while the fund trading plan requires a one-time payment of £450. These plans cater to traders who focus on price swings and those interested in managing larger funds, respectively.
Premium account holders at Learn 2 Trade enjoy numerous additional benefits, including instant email notifications and sound alerts for trade updates. They receive an average of 3 to 5 signals per day, covering a diverse range of asset classes such as forex, indices, commodities, and cryptocurrencies.
With its comprehensive range of services and commitment to delivering reliable forex signals, Learn 2 Trade emerges as a trusted and invaluable resource for traders seeking professional support and profitable trading opportunities.
Rounding out our list is ForexGDP. While they offer free signals with no financial commitment, the free plan comes with limitations, providing only 2-4 signals per month and blacking out certain metrics. Many forex signals providers do this with their free signals as a way to entire users to sign up for their paid signals. It can be quite frustrating, but in this case we don't mind too much because their paid forex signals come at a rather reasonable price.
For a more comprehensive experience, ForexGDP offers premium forex signals at competitive fees, especially when opting for longer-term plans. With a 1-year plan, users can enjoy premium signals for just $20 per month, receiving 8-14 signals monthly. If more signals are desired, the supreme plan offers 16-25 signals per month at $37 per month for the 1-year plan.
These plans also include trading ideas and the option to receive alerts via Telegram or WhatsApp. However, it is worth mentioning that the ForexGDP website contains some spelling mistakes, which may raise concerns about professionalism. To test the waters, starting with a 1-month flexible plan could be a suitable option for interested traders.
Forex signals can be an incredibly profitable way for regular traders to increase their potential returns. However, most groups require a fee in order to receive their signals in Telegram and are therefore known as paid forex signals groups. We know the thought of paying for signals isn't the most appealing, but you truly get what you pay for in this case. Paid forex signals are a much better value and easily pay for themselves in a short time, leaving you to pocket the rest of your profits and wind up way on top.
Now all you need to do it select a high-quality signal group, pay to join, and be on your way. We hope this list helps you determine which group is the best one for you!