Five things that make a forex signal service credible
Most forex signal services are not credible. The pattern is consistent: a Telegram channel, edited screenshots, vague performance claims, hidden losses, and a payment page that takes crypto only. If you're evaluating signal services, here are the five concrete things that separate the legitimate ones from the rest.
1. A live, public dashboard
If you can't browse every closed trade with timestamps and outcomes, the service is hiding something. Edited screenshots posted to a Telegram channel are not a track record — they're a sales tool. A real service publishes results in a format anyone can audit.
What to check: Can you scroll back through the last 30 days of trades on a public page? Do the timestamps match real candle closes? Is every loss visible alongside the wins?
2. Breakeven exits reported separately from take-profits
Lumping BE wins into a single "win rate" inflates the number. A credible service shows you the split: TP%, BE%, SL%. If the service won't tell you what fraction of their wins are full take-profits versus protective exits, assume the worst — they're hiding a high BE rate.
3. A clear, written risk disclosure
Forex trading is high-risk. Any service that doesn't explicitly say so — including past-performance disclaimers and warnings about leverage — is either ignorant of basic financial regulations or banking on you not noticing. Both are bad signs.
Look for: "Past performance is not indicative of future results", "trading involves significant risk", "results may differ based on broker conditions and execution timing". These aren't legalese — they're the truth, and a legitimate service is comfortable saying so out loud.
4. A cheap way to test it before committing
Crypto payments cannot be charged back, so a "money-back guarantee" from an anonymous operator is a promise with no mechanism behind it — you are relying entirely on goodwill, and the services that intend to disappear are the ones that promise it loudest. What actually protects you is a small first purchase. If the cheapest way to evaluate a service is an annual plan paid upfront, the pricing is built to collect before you can judge. Look for a short, low-cost entry, and check that buying more later adds to what you already have rather than replacing it.
5. Realistic, mathematically possible claims
"+555 pips on one EURUSD trade last week" is impossible if the strategy is short-term scalping. "Made back my subscription in 2 days" is meaningless without context on lot size and risk. "14 pairs covered, all winners" is statistical fiction over any meaningful time window.
Sanity check: Open the service's performance page. Pick the biggest single-trade win they advertise. Does it fit within the typical pip range for that pair on the timeframe they're trading? If not, the testimonials are fabricated.
How to apply this to TeachTrades
You don't have to take our word — apply the five tests:
- Visit /results. Every closed signal is there with timestamps.
- Look at the homepage success rate. The TP / BE / SL breakdown sits directly underneath.
- Read our risk disclosure at the bottom of the homepage.
- Our cheapest entry is $19 for 7 days, and days bought later stack onto the ones you have left — so testing us first costs nothing if you decide to stay.
- The biggest single-trade win on our dashboard is consistent with our typical pip range. No "+500 pips in one trade" claims.
If any of these change in the future, this article will be wrong and you should stop trusting us. We're publishing it specifically so you have something to hold us to.