What Are Forex Signals?

Discussion in 'Forex Trading' started by ItuExchange, Oct 1, 2020.

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    What Are Forex Signals?
    In a nutshell, forex signals are trading suggestions that are facilitated by advanced algorithms. The underlying software will scan the forex markets on a 24/7 basis, across dozens of currency pairs simultaneously. The algorithm is supported by numerous technical indicators, which allows the protocol to analyze historical pricing trends.

    If and when the software decides that a potential trading opportunity is looming, it will then notify its member base. This might come in the form of an email, SMS message, or a Tweet. In the case of Learn 2 Trade, we send out our forex signals in real-time via Telegram. Once a signal has been posted, the trader will be presented with a number of key data points.

    This includes the current pair the signal relates to, the technical reasoning behind the suggestion, and the relevant entry and exit points. As such, the trader has all the required information not only to act on the signal, but to do so in a risk-averse manner. Crucially, by providing a suggested stop-loss price, traders will always have the necessary risk management safeguards in place:

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