Forex signals

Discussion in 'Forex Signals' started by Eugene, Feb 20, 2012.

  1. Eugene

    Eugene Trader

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    What is the exact meaning for signal? The strategy report can only participate in this? Express your curious thoughts!
     
  2. Eugene

    Eugene Trader

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    Signals are the visual representation of the fluctuation trade.... And share something, what is the pips on the forex signals?
     
  3. dikraduni

    dikraduni Trader

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    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. I have personally had great experience with Forex Vice. In fact I have been following them for 8 months. Its basically a service that you install their EA and when they make a trade, you copy their trade. However it is kind of expensive and may not be good start for beginning traders.
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  4. Eugene

    Eugene Trader

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    Your experience in forex is looking good dikraduni... Hello all if you have any ideas on forex signals and experience share here to guide the beginners like ma!
     
  5. lyn.forex

    lyn.forex Trader

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    The forex signals are generally explained by the forex signal service that you choose. The forex signals and their specific meanings may change between forex signal service providers. The simple ones, such as buy and sell, are the most common. There are other forex signals that are not as common, but are used by different providers. The forex signal providers always offer an explanation and FAQs regarding their specific terminology. Some forex signals come in simple buy/sell at price messages. Other forex signals come in pie charts or line graphs. With Trade Copier (what I used) they have line graphs.

    Other than the traditional buy/sell signals, you may receive any of the following forex signals:

    OB/OS-- Means that a currency has been overbought or oversold when an indicator reaches a certain level.

    Volatility—This is a statistical measurement that is usually found in a line graph. It measures the frequency and tendency of a particular currency pair to have high rises or deep falls within a relatively short period of time. This basically examines how uncertain a foreign currency exchange pair is.

    Partial Buy/Sell—This is almost a hem-hawing forex signal. Basically, it is saying to buy/sell some of the currency, which minimizes risk in highly volatile currency pairs, but it is also saying to hold some of the currency because a highly volatile currency pair may swing the other direction at any time. This will likely be accompanied by a Volume indicator which creates more flexibility in closing.

    SL/TP – This is stop-loss or take-profit. This is the point at which the prediction system initiates a suggestion to stop losing in a downward trending currency pair or to take the profits generated in an upward trending currency pair.

    Please read the forex signal service's instructions and guidelines carefully as they may or may not use this exact terminology. This is only an example of common terms used by many, but not all, forex signal services.
     
  6. Fxpipper

    Fxpipper Master Trader

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    Actually, there's quite a few options, most of which are good. But on a sidebar, would not be that keen on subscribing for a signal from a EA developer.
    I have tried out Forex.com's signals, which tend to lag a tad but some of the others are quite good ..
     
  7. lestertarry

    lestertarry Trader

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    According to me 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.
     

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