Friday, August 1, 2008

forex signals - Complete Guide

Get complete details about Forex Signals.


What is Forex Signal?

Forex signals are simply recommendations to buy or sell based on mathematical algorithms. Using forex signals to navigate the currency market is an added advantage.


There are dozens of world currencies being traded around the clock on the foreign currency exchange, and no one can possibly monitor them all at once. That is why many traders rely on forex signals to keep them apprised of movement in the market.


Many brokers and other forex-related businesses offer forex signals to subscribers. Forex signals are simply recommendations to buy or sell based on mathematical algorithms and professional know-how. Usually these forex signals include specific entry, stop and target levels.


For example, they might say something like, in essence, “Right now the EUR/USD bid is at 1.2529 and dropping. When it gets to 1.2465, sell.”


Cost for forex signal:

Forex signal providers usually charge for their service, sometimes as much as $100 a month. For this the subscriber gets 1-5 signals a day, sent via e-mail, text message or instant messenger. The trader is under no obligation to do anything with the information, of course. They are advisory in nature, and the trader is free to ignore them entirely if he wants to. But most traders generally go along with the advice that comes to them through forex signals. They wouldn’t pay for the service if they didn’t find the advice useful.


Opinions about forex signals:

There are two schools of thought about forex signals. One says that you’re a sucker if you pay for them, with the reasoning that if the people behind them are so good at playing the market, why do they have to sell signals to make a living? The opposing point of view says that since signals require analysis and experience to create, why shouldn’t the people who distribute them get paid for their efforts?


Free service for forex signals:

If you do choose to pay for a signals service, you should get a trial membership first. Be wary of a service that won’t give you a free trial period before you start paying, or that only offers a trial period of a couple days. (What do they have to hide? If their service is good, showing it to you for a week or two will only help sell it to you.)


Can we rely on forex signals?

On the other hand, one maxim usually holds true: You get what you pay for. Sites that offer free forex signals may not be as reliable or experienced as the professional sites. And in either case, you shouldn’t blindly follow the advice of forex signals. A smart investor will look at the trends himself to make sure he agrees with the signals he received. The decision to buy or sell is ultimately his, after all.




To learn how to read forex rate?


To know more about how to read forex quote?


To learn how to earn money with automated forex system?


To learn how forex alerts are handy way of staying on top of the market?


To know more about how to find a good forex trading book?


To learn more about how to forecase forex trading?


To learn more about how the forex market uses margins to increase your profits?


To know more about the forex option trading - hedging your bets and guarding loss in forex trading.


To know how world news affect forex market?


To know more about forex signals.


Get a free report on power forex profit principles.

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