In this post I will be reviewing the Aqua Forex Trading forex signals service for hugely popular and widely used MetaTrader 4 trading platform (MT4). Aqua Forex Trading trades on your account via trade copier software which can mirror the Aqua Forex trades to your own personal demo or real MT4 trading account.
In order to use this forex system, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
Aqua Forex Trading gives signals on multiple currency pairs including the major EURUSD and GBPUSD currency pairs. These currency pairs usually have plenty of liquidity and thus they tend to have low spreads and reliable trade execution speeds. I would personally be using a regulated ECN forex broker for the best possible trading conditions.
Aqua Forex Trading works by using an Internet Trade Mirror which is a free service for sending trading signals over the internet to other computers (currently for MT4 only). It is used by traders all over the world as a broker-independent alternative to MAM systems etc.
The sender runs an EA which broadcasts trading activity. Subscribers run a copier EA which receives the signals and automatically mirrors the sender’s trades. Each subscriber has full control over risk settings and all other trading activity, via the parameters in the receiver EA.
I would personally be very cautious with the Aqua Forex Trading signal service. I would like to maintain more control over my trading. I would certainly at least want to conduct my own market analysis to verify all of the signal from this service before placing any trades.