What are forex trading signals?

Forex trading signals are trading recommendations from other traders. Expert analysts and seasoned traders, and sometimes novice traders, may give other traders recommendations to trade which currency pairs in which direction. The recommendations come typically with a stop loss and target levels.


There are free and paid forex signals. A trader can search for and find free forex signals to guide his or her trading. Some of those signals are accurate and profitable. However, many free and paid signal services lack accuracy, and following them leads to losses.

While there are some free and paid signal services, it is important to do your own research before deciding to use a specific service.

Moreover, it is worth...