What are forex trading signals?

[PIPruit]

I would like to know what are forex trading signals?

 

[perryjohn765]

trading signals are the ideas and the recommendations given by the experts of the other traders. There are a lot of signal providers in the market, however one should wisely decide which one to proceed with as it can incur losses as well if followed blindly

 

[Akwin]

I would like to know what are forex trading signals?

Forex signal systems can create executions that are either manual or automated. A manual system involves a trader sitting at the computer screen, looking for signals and interpreting whether to buy or sell. An automated trading system involves the trader "teaching" the software what signals to look for and how to interpret them. Signals can come from other currency pairs, bond prices, commodity prices, and stock prices. For example, a day trader may have a signal that when a certain stock index trades through its 100 or 200-day moving average their signal says they should sell a particular currency pair.

 

[Joshevans--]

I would like to know what are forex trading signals?

Where people tell you when to buy and sell. Honestly, most of them are awful - so I wouldn't bother. You are best learning for yourself.

 

[FriendlyFX]

Most are poo from my experience. Only a few good legit ones out there.

Is this allowed but can you point me in the right direction is there a thread here ?

 

[FriendlyFX]

Agreed. I'm still struggling to find a good signal provider.

Did you find one if I may ask?

 

[Forex Harvey]

Some much appreciated advice here, thank you.

 

[perryjohn765]

these signals are the indicatins or the ideas given by experienced/professional traders to the newbies.

 

[sarah2701]

A forex trading signal is the suggestion for entering a trade, at a specific price and time. The signals are given either by an experienced trader or by Forex robot also.

 

[thetraderaleks]

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.

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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 noting that most successful traders rely on their own analysis and execution to succeed in trading. When using the signals provided by someone else, psychological factors and your own analysis may interfere with the execution, which may distort the results and make them inconsistent.

Inaccuracy and psychological factors can reduce the quality of a signals service. Therefore, you should be aware of the risks and the benefits before actually ordering a signals package from a provider.

If you are looking to save time and automate your trading, it would be wise to use a trusted copy-trading service. With this service, the provider not only provides the signals but also executes the traders on your account automatically by copying the exact trades executed on the provider’s account. This kind of service is good if the issue you are dealing with is related to execution. The only risk is slippage, which is when the orders executed on your account deviate slightly from those executed on the account of the originator.

great information and on these topics

 

[reece Rispoli]

I would like to know what are forex trading signals?

it is when a trader sends out his trades to other people