Forex Alerts and Forex signals

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Forex Alerts and Forex signalsIf you don’t want to make Forex trading decisions it is an option to use Forex Alerts or Forex signals.

You then merely follow the entry and exit instructions and enter the deals accordingly.

 

Below are some Alert and Signal services to consider

 

More on Forex Alerts and Forex signals

A Forex signal is a suggestion for entering a trade on a currency pair, usually at a specific price and time. The signal is generated either by a human analyst or an automated Forex robot supplied to a subscriber of the forex signal service. Due to the timely nature of signals, they are usually communicated via email, website, SMS, RSS, tweet or other relatively immediate method.

Services provided fall into four categories:

  • Unpaid/free signals
  • Paid signals from one provider whether by personal analysis or algorithmic analysis
  • Paid signals aggregated from multiple signal sources or ‘systems’
  • Signals supplied by trading software located on the trader’s computer, also known as a forex robot or EA (expert advisor)

The main services offered by forex signal suppliers are:

  • Exact or approximate entry, exit and stop loss figures for trades on one or more currency pairs
  • Supporting graphs and/or analysis for the signals
  • A trading history showing the number of pips profit/loss per month and/or the risk/reward ratio and actual trades. Sometimes (especially in the case of forex robots) this may be shown as back-tested results
  • One-on-one coaching, or additional interaction with the signal provider such as comments, forum, etc.
  • Account management whereby a subscriber’s account can be traded by the signal provider
  • Educational resources either via the internet or phone
  • A trial period for a lesser price

Although these are the main features of a signal supplier, not all of them offer the complete list of services.

For more on this article please use this link:- http://en.wikipedia.org/wiki/Forex_signal

 

 

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