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.
The majority of signal providers focus on supplying signals based on technical analysis and a minority work on fundamental analysis or price action. Technical analysis, such as ichimoku and candlestick charting, show both short and long term price trends giving the signal provider flexibility in supplying a range of trade options. Fundamental analysis gives longer term trade ideas. Price action gives extremely short term trade ideas, often more suited to scalping.
Services provided fall into four categories:
- Unpaid/free signals for opening an account with our preferred broker
- Paid signals from SignalsTrader.com by professional technical algorithmic analysis while taking fundamentals into account
- Paid signals are also aggregated by validating with several other signals systems.
- Signals are also supplied by forex robot or EA (expert advisor) or our profitable indicators.
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