Benstride is an information station for traders, focusing on providing traders with high-quality forex education, market analysis, in-depth insight, and live market updates 24/7. We focus on forex trading, commodities, and indices. We also provide real-time trading signals on instruments in these asset classes. The FAQ will enable you to know has better.
Besides our excellent trading signals, we have an extensive knowledge base for traders which includes the best forex trading course, an extensive forex trading strategy category, and our Learn Center.
Benstride comprises a team of professional traders and analysts combine their market expertise to bring you the following benefits:
Live market updates covering the global trading sessions around the clock.
Free education and premium forex course
Top free- and premium forex, commodity, and stock index signals.
Numerous forex trading strategies.
A powerful Learn Center with a variety of trading concepts and info covering different financial instruments, trading platforms, investment options, forex brokers, forex trading tips, etc.
The Benstride Forex Course.
Yes, you can! To use our free forex trading signals simply visit our forex signals page where you will find details of the latest short-term and long-term trading signals in the signals terminal. We also have a premium forex signals service that offers additional benefits that include email, WhatsApp, Telegram, and text alerts for trading signals.
FX Leaders’ forex trading strategies can be used free of charge. Visit the link above to find a variety of trading strategies including fundamental, technical, sentimental and popular forex trading strategies.
You don’t need any fancy qualifications or forex trading experience to enjoy the wealth of forex trading education and services on the Benstride website. The sooner you start, the sooner you can become a successful and profitable forex trader.
Even if you don’t know anything about forex trading, you can quickly become involved in this amazing market. For example, inexperienced traders can easily follow our profitable forex trading signals without worrying about technical analysis or market timing. This is a great way to take advantage of the expertise of our seasoned traders and analysts while learning the details of forex trading yourself.
This powerful forex trading course offered by Benstride contains 11 chapters of handy trading information which covers a wide range of topics.
In this guide, you will learn basic and advanced forex trading terminology, how to apply technical and fundamental analysis, how to use all kinds of technical indicators, how to discern between different market structures, how to apply Elliot Wave theory, and much more! You will find everything you need to become a professional forex trader in our superb forex trading guide.
Absolutely. Guiding prospective traders in finding the best forex broker suited to their individual needs is one of Benstride’s top priorities. We know that it is critical to team up with a trustworthy broker who offers reliable trade execution combined with an easy-to-use trading platform and good trading tools.
To find the right broker for your specific trading needs, take a look at our recommended brokers page where you will find exceptional forex brokers who offer competitive spreads on commodities, currencies, and indices. Some of these brokers, like for example eToro, also facilitate social trading.
Benstride premium trading signals are a great way to start taking advantage of all we have to offer. Our premium signals offer the great advantage of being delivered to you by email, WhatsApp, Telegram, and text alerts. By copying Benstride’s trading signals to your personal trading account, you can profit from trading different financial instruments whether you’re a beginner or experienced trader. Let our professional traders and analysts filter out the profitable trades for you!
Of course, we have daily market updates by our team of superb analysts. Not to forget all the educative material we have on our website to make you a better trader.
Yes, we do! All of our recommended brokers offer excellent trading platforms. To try out these platforms without any commitment or obligation, simply open demo accounts with the ones you favor. Whether you need a standard MT4, MT5 platform, or an advanced social trading platform, we have all the information you need.
For detailed information on reliable forex trading platforms, check out our Best Forex Trading Platforms page now!
Benstride has a team of highly skilled traders who are expert market analysts. These traders constantly scan the forex, commodity, and other markets to find the best trading opportunities for you!
When our analysts spot good trade opportunities, they post trade ideas in the form of long- and short-term trading signals (trading alerts) in our forex signals terminal. These trading signals are posted with details such as take profit and stop-loss parameters and can simply be copied into your personal trading account.
Using Benstride’s trading signals is really easy. Simply follow the trading signals as they appear in the signals terminal on our forex signals page and copy the trading signals’ parameters (stop loss and take profit orders) into your personal trading account. Here is more detailed information on how to use our profitable trading signals.
Also, you may wish to purchase the If you’d like to be notified each time a new trading signal appears in our forex signals terminal, subscribe to our premium forex signals service now!
We accept all payments from Skrill, Paypal, Bitcoin, Mpesa, Visa, and Mastercard but some of them you need to contact us to send you the details before you make any payment.
Benstride is a team of experienced analysts and professional traders who follow the financial markets around the clock, 5 days a week, searching for outstanding trade opportunities to take advantage of. By using both technical and fundamental analysis, our analysts go to great lengths to provide our users with high-probability trade signals.
It is highly recommended to at least learn the basics of forex trading. When using Benstride’s trading signals, there are certain risk management measures you need to implement in order to preserve your investment capital. A good example of such a measure would be to limit the amount of leverage you use with our trading signals. Furthermore, a basic understanding of forex trading terminology, trade execution and management, and technical and fundamental analysis is recommended. Are you acquainted with the following trading terms: pip, leverage, stop loss, take profit, major currency pairs, long, short, trend, etc.? To learn what these are, as well as many other simple and advanced trading concepts and strategies, visit the Benstride education today.
Social trading takes place on modern online trading platforms that facilitate both copy trading and social interaction (centered around trading/market information) between the different users of these social trading platforms.
On social trading platforms, like eToro, trade ideas and details can be shared effortlessly between members. Investors and traders can also automatically copy the trades of experienced popular investors into their trading accounts by simply allocating portions of their trading capital to these individuals.
These are the most prominent ways to tackle forex, commodities, and stock indices:
Trade with live trading signals/trading alerts.
Learn to trade these instruments yourself.
Social/copy trading – copy experienced traders’ trades directly into your trading account.
Our team of professional traders and analysts have been pulling thousands of pips out of the markets since they first started our trading signals service. For example, in 2018 we bagged a phenomenal 5608 pips and were profitable 11 out of 12 months. Check out the Benstride 2015-2020 signals report here.
One of the most powerful ways to mitigate the risks associated with forex trading is to equip yourself with concrete forex trading education. If that’s what you have in mind, you’re at exactly the right place. Benstride education center is packed with valuable information regarding forex trading and investing. This includes our forex trading course, forex trading tips, forex trading strategies, forex risk management, live education, and much more.
Another powerful way to sidestep many of the risks posed by forex trading is to follow and copy experienced traders. Whether it be applying Benstride forex trading signals or copying popular investors (copied traders) on social trading platforms, taking advantage of hardened traders’ expertise offers many advantages.
The sky’s the limit! These markets offer highly liquid instruments that trade in large volumes. This makes it possible for traders to execute massive trade positions with little or no slippage. This is an amazing benefit that allows the average retail trader to build a highly scalable online business that will probably never run out of buyers and sellers.
Of course, to make money in the forex, commodity, and other markets requires determination and proper trading education if you’re going to do all the trading yourself (copy trading and following Benstride trading signals is much less intensive). If you’re looking for top-class trading education, a good place to start is the Benstride education center.
It is indeed! Many successful forex traders do end-of-day trading, or long-term trading, which doesn’t require much time at all. Even with an 8-5 job, you can still achieve considerable results trading FX in this way.
Of course, there are other ways to trade forex if your time is really limited. One of these ways is to use our premium forex signals. Another way is to engage in social trading with a social broker like eToro. With social trading, the trades of experienced traders are automatically copied to your trading account. This saves you a lot of time because you don’t need to look at charts or do market analysis at all!
Yes, it is. You can start trading forex with as little as $100. The availability of leverage enables small traders to open a micro lot (1000 of a currency pair) forex trades with less than $15. This depends on the amount of leverage your broker offers, of course.
Traders who first want to acquaint themselves with the Forex market before risking their capital, can open a free demo account with one of our recommended forex brokers and practice Forex trading with virtual money.
Simply put, using leverage with forex trading means that a large trade position can be controlled with a small amount of money. For example, with some forex brokers who offer 1:500 leverage, you can buy or sell 1000 units of the USD/JPY currency pair with a ‘deposit’ of $2. The notional trade size of a 1K USD/JPY position is 1000 dollars. This means that with 1:500 leverage, you only need $2 to open a position worth $1000. The remaining $998 is borrowed from the forex broker. Of course, a trader will need more than $2 to maintain this position once it is opened. Using leverage to trade forex has the potential to magnify both gains and losses. The use of excessive leverage is a major reason why beginning traders lose money in the FX market.
Some traders like to short (sell) stocks when instability weighs on capital markets. Although this sounds like a good idea, it carries much more risk than buying (going long) stocks. This is because the maximum payoff on a short stock trade is 100%, which occurs when its price falls to zero. On the other hand, the potential loss on a short stock trade is theoretically infinite.
Contrary to this, whether a trader goes long (buys) or shorts (sells) a currency pair, the maximum loss on both sides is 100% while the maximum gain is theoretically unlimited. Thus, whether you’re buying or selling a currency pair, you don’t face the risk-to-reward ‘imbalance’ associated with shorting stocks. This makes forex trading more flexible and less risky than trading stocks in times when stock markets are at risk. Another advantage of trading in the forex market is the immense liquidity it offers, especially with the major currency pairs.
Digital currencies, or cryptocurrencies, are extremely volatile. Although forex is volatile, cryptocurrencies are even more so. Major currencies rarely move more than 5 percent in one day. Cryptocurrencies, however, often move more than 10 percent in a single day.
Benstride provides daily trading opportunities on forex, commodities, and indices. Our area of expertise includes; real-time forex signals, forex education, live market updates 24/7, trade ideas, and market analysis.
Benstride signals are provided live by our forex experts. Lead by Vincent Nyagaka, our team of experts are experienced analysts and traders that scan the markets and provide up-to-date market analysis, trade ideas, and trade signals. Our analysts cover the forex market as well as, indices and commodities.
There is no such thing as a better indicator. There are numerous technical indicators, at least 10 of them are good to use for technical analysis including the RSI and stochastics. We work with the RSI indicator, as we are used to it but this should not detract from the stochastic.
We use both technical and fundamental strategies when trading forex pairs. The EUR/USD is the main major pair and it reacts well to fundamental and technical events. So, we combine a number of technical and fundamental indicators from an arsenal of strategies in order to provide the best forex signals for this pair.
Nothing is 100% sure in forex, that’s why it’s a tough business. But profits are there to be made if you know how to analyze the markets.
When looking at the longer time frames, like the daily and weekly charts, the U.S. Dollar is trending lower against most of its counterparts. Consequently, the U.S. Dollar Index is in an established downtrend.
As long as this index remains below certain important moving averages (e.g. the 200-day moving average), there is no reason to fight the prevailing downtrend. An important support level has also been broken on the U.S. Dollar Index late in 2017 and this same level could act as resistance in the near future.
The most probable market direction for the dollar is lower and hence we remain bearish going into 2018.
Yes. With the Benstride premium signals account, you get instant WhatsApp, text, Telegram, and email notifications to ensure that you never miss a trade again.