A forex signal is a suggestion for entering a trade on a currency pair, usually at a specific price and time.[1] 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. In many jurisdictions signal services need to be registered with the authorities.
Paid signals from one provider whether by personal analysis or algorithmic analysis
Paid signals aggregated from multiple signal sources or 'systems'
Signals supplied by trading software located on the trader's computer, also known as a forex robot or EA (Expert Advisor)
Typical features offered by Forex signal service providers
The main services offered by forex signal suppliers are:
Exact or approximate entry, exit and stop loss figures for trades on one or more currency pairs
Supporting graphs and/or analysis for the signals
A trading history showing the number of pips profit/loss per month and/or the risk/reward ratio and actual trades. Sometimes (especially in the case of forex robots) this may be shown as back-tested results
One-on-one coaching, or additional interaction with the signal provider such as comments, forum, etc.
Account management whereby a subscriber's account can be traded by the signal provider
Educational resources either via the internet or phone
A trial period for a lesser price
Although these are the main features of a signal supplier, not all of them offer the complete list of services.
As forex is popularly touted as a get-rich-quick method there are a number of services that supply signals of debatable quality, which do not answer the users' expectations for profits.[2]
^"Forex Signal System". Investopedia. from the original on 2011-10-11. Retrieved 2011-09-27.
^"Forex Signals". BabyPips. from the original on April 1, 2020. Retrieved May 11, 2023.
January 01, 1970
forex, signal, this, article, multiple, issues, please, help, improve, discuss, these, issues, talk, page, learn, when, remove, these, template, messages, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, . This article has multiple issues Please help improve it or discuss these issues on the talk page Learn how and when to remove these template messages This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Forex signal news newspapers books scholar JSTOR January 2011 Learn how and when to remove this message This article possibly contains original research Please improve it by verifying the claims made and adding inline citations Statements consisting only of original research should be removed January 2011 Learn how and when to remove this message Learn how and when to remove this message A forex signal is a suggestion for entering a trade on a currency pair usually at a specific price and time 1 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 In many jurisdictions signal services need to be registered with the authorities Contents 1 Types of services 2 Typical features offered by Forex signal service providers 3 Scams and fraudulent activity 4 Methodologies and trading strategies 5 See also 6 ReferencesTypes of servicesServices provided fall into four categories Unpaid free signals Paid signals from one provider whether by personal analysis or algorithmic analysis Paid signals aggregated from multiple signal sources or systems Signals supplied by trading software located on the trader s computer also known as a forex robot or EA Expert Advisor Typical features offered by Forex signal service providersThe main services offered by forex signal suppliers are Exact or approximate entry exit and stop loss figures for trades on one or more currency pairs Supporting graphs and or analysis for the signals A trading history showing the number of pips profit loss per month and or the risk reward ratio and actual trades Sometimes especially in the case of forex robots this may be shown as back tested results One on one coaching or additional interaction with the signal provider such as comments forum etc Account management whereby a subscriber s account can be traded by the signal provider Educational resources either via the internet or phone A trial period for a lesser price Although these are the main features of a signal supplier not all of them offer the complete list of services Scams and fraudulent activityMain article Foreign exchange fraud As forex is popularly touted as a get rich quick method there are a number of services that supply signals of debatable quality which do not answer the users expectations for profits 2 Methodologies and trading strategiesThe 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 See alsoForeign exchange autotrading Foreign exchange controls Foreign exchange hedge Foreign exchange reservesReferences Forex Signal System Investopedia Archived from the original on 2011 10 11 Retrieved 2011 09 27 Forex Signals BabyPips Archived from the original on April 1 2020 Retrieved May 11 2023 Retrieved from https en wikipedia org w index php title Forex signal amp oldid 1188393013, wikipedia, wiki, book, books, library,
