What is a Forex signal?
An indication of when to trade on the foreign exchange market. The signal may be based on human analyses of market movements or a tracking software.
Where have you heard about Forex signals?
They’re used by both novice and experienced Forex traders to make the trading process easier. There are lots of Forex signals providers who may try and sell you their services. As with any trading information, check how reputable the service is before signing up.
What you need to know about Forex signals.
Forex traders use signals to decide when to buy and sell currency pairs. The majority of signals are based on the analysis of technical indicators. This highlights optimum points for a trader to enter or exit a position.
Subscriber-based Forex signals services provide real-time information to investors on opportunities in the market. Both free and paid services are available. These may be based on manual analysis, automated analysis or a combination of both. Not all services meet user expectations, so if you’re considering signing up for one, choose a reputable company.
Find out more about Forex signals.
Currency pairs give the relative value of two currencies on the foreign exchange market. Find out how they’re used in Forex trading in our guide.