Good Forex signals

signals

If you have researched on the Forex, you may have heard about Forex signals. The following article will explain who they are and how you can make use of them.

Forex signals are usually services provided by certain companies specialized in forex trading. They perform a thorough analysis of Forex market and on this basis, they send signals to buy or sell to traders or customers who have paid for that service professional. The signals are obtained based on technical indicators and fundamental to the experts do their analysis and then send them to you.

Companies send exact instructions to traders so that the possibility of error is very small. These services usually are sent by email, or some kind of chat or even text messages, there are even sites that get on their websites exclusively for their customers or members.

This service is characterized by reliable service if the company is a reputable company. Sending the signal is a formula that usually contains the following:

Action (sale) + # + Lot Currency Pair + SL + TP

A real example of a signal is:

2L Buy GBP / USD @ 1.9500 SL@1.9470 TP@1.9530, 1.9560

In other words indicates how many lots should be placed in trade, the pair to use, enter that value (purchase or sale), that value set your stop loss order and to what value to place your take profit.

You must understand and know how to interpret this formula as there may depend on the error or success. Other companies may use a different order or mechanism so if the case should be reported prior to trade in a real account.

This service eliminates moderately psychological pressure on the trade because he is not concerned to analyze the market because the professionals are doing it for him. It's a very simple to trade and only perform the action must be sent to you. The price of this service ranges between $ 30 and $ 900 depending on the company and one monthly payment.

Companies that do offer this service trading earnings from 65 pips to 300 pips. Which attracts the attention of traders who have been trading but not yet achieved the desired results or are under profits per trade.

For those who do not have enough time to get in front of the computer all day, is a useful service because it takes only Forex signals you want and you can or have time to trade.

Before you hire a service like this, you must ensure the seriousness of the company, they also show history on their profits, they should show gains in the last 9 months. Make sure the business experience and consult with colleagues if possible on the reputation of it. Do not trust from the beginning if you hire this service and does not invest much money in its first trading because it can be a surprise. It is highly recommended that you test the service.

Forex signals can be short, medium or long term, however you must also know what kind of signals you are most convenient for you. Remember that if you are day trading , ie the short term, requires more time at the computer because they perform several trades over a certain period of time to achieve a number of pips attractive.

If you can steady income with Forex signals, you should consider hiring for a long time this service and continue implementing it. Also this service is recommended for those who have traded but for some reason the time and not allow them to continue trading and also have obtained a rough patch as some call it and so is freed from the psychological pressure you get when you yourself performs the analysis and trades.

Another aspect to be aware of is that the signals are not sent every day at all hours, although this depends on each company, not to post every day but this was incredible. Approximately 7 to 13 send signals coming month, but note that signs are very reliable and very safe. Shipped well, because they must be analyzed carefully by the traders.