Forex currency pair trading signals, whether made by an analyst or an automated Forex trading robot, are delivered to subscribers of the Forex Signal Service. Due to the timely nature of the signals, trade orders are generally transmitted via email, website, SMS, RSS, Twitter or other relatively immediate transmission methods and assist in the execution of any trade.
There are two main types of Forex Trading Signal Providers. The first, and most common type is the “Forex Signal” software which alerts you to a trade based on program parameters. There are literally thousands of different software programs, also known as “Forex Robots”, which are available to traders. They range in price and performance up to thousands of dollars.
The second type of Forex trading signals is for professional traders. These traders monitor the stock market and alert traders to trade based on their interpretation of market indicators. Many forex trading signals offer only buy or sell alerts, but some also offer an exact duplicate of the traders’ professional account. This allows you to have good risk protection in your arsenal, and gives traders profits.
As a forex trader, you have a lot of good trading opportunities to take advantage of, so use trading signals to work, and keep looking for new ways to protect against risk and maximise profits. Finding the right combination of forex trading signals, also managed forex accounts, software and advisors, can allow you to diversify your risk and maximise your profits.
Of course, hypothetical results, and the many limitations, of the signals provided do not give an indication of what is being done to ensure that any account can achieve profits or losses similar to the signals received. In fact, there are often stark differences between hypothetical performance results and the actual results achieved as a consequence of any trading program. One limitation of hypothetical results is that they tend to be prepared retrospectively. In addition, hypothetical trading does not involve financial risk and variables such as the ability to stick to a particular trading programme despite losses and maintaining the required level of liquidity and tangible points may adversely affect the actual real trading results. Trading currencies involves a high degree of risk and you could lose a lot of money if you trust the wrong Forex trading signals.