Best Telegram Forex channels 2024 | Telegram Forex Signals
Everybody has their own trading style, you can be more prone to technical analysis or more prone to fundamental analysis. So everybody will have his own best traders to follow.
And here are mine, which you will love.
Keep in mind these channels are NOT the average ones.
These below are different from the average.
And that’s what makes them the best.
I love professional macro analysis.
And I love macroeconomics.
So I like traders that are more towards that style of trading.
So here are the best ones that have a macroeconomic approach with fundamental analysis.
And also I will share one which is more technical analysis oriented.
Cool?
Alright.
Let’s get into it…
1. BeSomebodyFX
BeSomebodyFX is by far one of the most professional telegram channels that you will find out there, period.
You will find 1 to 2 setups a week with great details and analysis so that you can study the approach.
The macroeconomics and fundamental approach may be hard to understand at the beginning but it’s worth studying the method.
This is how professionals trade and this is how you should too, by far the first in the list.
It’s also one of the best websites for Forex fundamental analysis, and the Telegram channel is super useful for traders.
Great content, great analysis, great insights…
Furthermore, BeSomebodyFX focuses on quality rather than quantity.
Yes, quality over quantity.
You will see how only 1 trade idea is shared a week in the public group.
Is that not enough?
Think about it for a second.
Do you prefer lots of random trade recommendations or fewer but more professional and accurate ones?
There you go.
Now, to expand further…
What’s a professional Forex signal and what’s not:
You want valuable, educational, and informative trades, this is what you want in a Telegram channel for your trading.
Right?
Yes.
Retail traders need to wake up and understand what’s a legit trader and what’s not.
Literally…
99% of telegram channels are trash with gamblers sending random trades hoping that you make a profit so that you can join their extremely cheap lifetime VIP channel.
WHO CARES about providing profitable trades? if you just paid for a lifetime membership?
Think about it, and never pay for lifetime memberships on random telegram channels, you are the judge of what’s professional and what is not.
BeSomebodyFX by far is the most professional and transparent one out there.
So of course, it belongs on this list of the best ones to follow.
The rest of the list includes a few other good ones…
And keep in mind, we are talking mostly about swing trading signals.
To name a few other good signal providers:
UncleBullFX, and WealthFXHunter.
But these two above are more “analysts” rather than traders.
Nevertheless, the insights from the three insights are useful, they are active both on Telegram and Tradingview.
And they are a great read if you are passionate about trading, UncleBullFX is more macroeconomics and not technical indicators.
While WealthFXHunter is more about technical analysis with Smart Money concepts too.
WealthFXHunter has little to no fundamental analysis and he also bases his trades on COT data and technical analysis (mainly COT), it’s a good approach but has a lot of flaws.
What matters tho is that all the trades from these sources can be followed for real.
I mean…
Think about this:
For instance, a signal provider basing the trade recommendations on Intraday trading that has the trades come out any time day or night taking a few pips here and there, it’s almost impossible to follow correctly.
Yes.
That’s the point.
And with that mentioned…
Always do your own research before following any trade:
I monitored their trades and they have ups and downs like everybody else’s.
You always have to take into consideration risk management when you follow a Forex signal provider.
If you are able to keep it disciplined with good risk management and patience then you will find benefits from professional Telegram channels.
And this is what this list is about, the best ones that you can follow right away.
And so…
These are the best signal providers for 2024 and beyond.
You don’t have to follow hundreds of different traders, few but good is the way to go.
That’s because if you follow too many then you will only get confused by the noise.
So when trading filtering through the noise is necessary.
I mean, being able to understand who provides value and who doesn’t will help you trade better and filter all the nonsense ones.
Try to mix these three channels to find the best setups.
So use the macro fundamental analysis from one and mix it with a technical confirmation with another and you will do great.
Work smart, not hard.
These three are the best traders to follow right now who share trade ideas and insights.
But that’s NOT all you need to know.
What’s important to understand is that many retail traders want quick money, but it’s NOT like that…
Professional trading is boring.
Yes, you read that right.
So don’t get deceived by the noisy channels shouting BOOM BOOM and all that crap.
They look exciting and fun but that is just unprofessionalism.
Really, don’t get lured into that.
So remember:
- Using a service that you can actually use to trade in the real world.
- Follow channels that provide value across many different aspects, so with education, useful insights, and all that good stuff, not just trades.
- Follow traders who encourage the use of proper risk management and don’t gamble.
- Dedicate yourself to trading the signals over the long term, it’s not a get rich quick scheme.
Now that’s all you need to keep in mind.
And don’t forget:
Why?
Think about it…
What do all these traders have in common?
They all got educated in the same place (Youtube), so they basically all have the same retail education.
At the same time, they all have the same attitude, so they all want to make quick bucks, and they want to get rich overnight.
Yes.
They want to double their accounts in a few days.
And that’s NOT the professional way to think about trading.
At all.
So, how can you not be in the losing retail traders' category?
Think different, be smart, be wise, and look at what the average trader is doing and try to do the opposite.
If you are smart enough you will learn the way to use the 97% of losing traders to your advantage.
Just think outside the box and accept that everything taught online is NOT what professionals use.
We have talked about what you should follow on Telegram for reliable trade ideas and insights in 2024 and beyond.
But what about what you should AVOID about traders?
Well, this is pretty easy.
It’s full of examples out there of the type of Forex telegram channel you should avoid.
Let me show you an example:
The above is an example of what you should avoid at all costs…
Why?
Because it doesn’t provide value, it’s random, and the guy is just trying to sell you his super cheap lifetime VIP channel…
What I’m trying to say is that you should avoid any trader shouting about their profits and flexing about a small take profit.
You want something that gives you value.
Makes sense?
Cool.
Here’s another example to AVOID:
That’s again a trade with no analysis and no charts attached.
Those are probably copied from other channels that copy from other channels and so on.
In simple…
If there is no analysis attached to a given trade then avoid it.
The trader is probably somebody who doesn’t even know how to look at a chart!
Now, let me tell you more…
People often ask about Forex signals:
Are Telegram forex signals reliable?
And the answer is easy, 90% are not and the other 10% are, it’s only up to you to understand who is professional and who is not.
And this post should have helped you in that, right?
What are the best Forex signals Telegram channels 2024?
The article you just read answers this question precisely.
The three best ones, that not only provide great trades but also provide educational info and valuable insights.
Something that is rare nowadays.
Most just focus on sending random trades with no valuable insight attached.
That’s something to avoid, focus on following traders that provide valuable insights along with the trades.
That way you can understand why a certain trade is being taken, and so you can also learn and study it.
How to choose Telegram Forex signals?
First of all, you have to make sure the trading style that you are following suits you.
For instance, don’t try to follow short term intraday trades if you don’t have time for that, you are just going to end up frustrated.
And second, just evaluate the professionalism and transparency of the trader you are following. The more professional one is the more valuable it is for you to follow.
Make sure that the insights are high quality, how?
By understanding what’s professional and what’s not.
Focus only on following professional traders.
Meaning high quality traders who explain their trades and give plenty of insights and details on their trade recommendations.
So…
How to find high quality trading signals?
In the list above you get three of the best traders who give you high quality trade ideas on Telegram.
And on top of that, just notice how their insights and their trades are professional, that’s the type of quality that you should be seeking in other channels too.
And don’t try to follow too many at the same time…
Remember, quality over quantity.
And that is all.
Definitely, there are more traders out there worth a follow but these are my top 3.
If you have any others please leave them in the comments below and I will check them out.
To recap what has been said:
- BeSomebodyFX is the best forex telegram channel.
- UncleBullFX and WealthFXHunter are two other great alternatives.
- Understand which traders provide value and who doesn’t
- Don’t forget that 90% of retails fail when trading, so try to use that to your advantage
- Learn to filter through the noise of the scammy kids on telegram
I think enough has been said, you now have the 3 best forex telegram signal channels that you can follow and learn from.
