Forex signals refer to alerts that advise traders to open certain positions in the market. These alerts contain data-based information such as an entry, a take profit, and a stop loss price. Usually, these signals are generated based on TA algorithms that analyze the current market conditions by comparing them to historical price action.
□ Trading signals can be either generated by professional traders or a semi-automated trading system
□ Forex signal services automatically deliver their alerts, however, they do not involve automatic order execution
□ Traders are responsible for executing their orders and applying money management
Highlights
- A signaling service is usually a subscription-based service, but some systems can be purchased once without requiring any subscription later
- The trading signals can be delivered via email, SMS, Audio, or MT4 push notifications
- Any signaling service should provide precise order specifications, not only trade direction
- Initially, it is better to test any system's suggestions on a demo account, before trading for real money
Compare Forex Trade Signals providers
These are some popular trading systems delivering Forex trading signals.
FOREX TRADING SIGNALS |
MARKETS |
SIGNALING SERVICE |
SUBSCRIPTION |
INFORMATION |
FOREX TRENDY SCANNER Semi-Automated Forex Trading System |
Frequency: L Intraday Signals L Daily Signals |
|
|
Best for Forex beginners |
1000 PIP BUILDER Semi-Automated Forex Trading System |
Features: L Daily Signals L All trade parameters (entry price, take profit, and stop loss) |
|
|
Best for beginners and semi-advanced Forex Traders |
EA BUILDER Customized Forex Trading Signals |
Features: L Create custom trade signals L No need for Programming Skills L Full graphical interface L Money-Management Module |
|
|
Best for advanced and semi-advanced Forex Traders » Review at ForexAutomatic.com
|
■ Forex Signal Services
CurrenciesFx.com
> READ MORE
□ INFORMATION
» Getting Started with Trading Resources
» Forex Signal Services
» Other Financial Markets
□ EDUCATION
» Algorithmic or Mechanical Trading
» Forex News-Trading & Indicators
» Technical Analysis