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“Forex Signals”, price charts and various indicators like the MACD, RSI, Moving Averages and the like are very reliable. Assuming that you have a reliable internet connection and a reliable trading platform, the “signals” will reflect real time price action accurately.
A Forex signals provider gives buy & sell “calls” so the user can generate profits from the market. And you're charged a monthly fee for this service (whether you make money or not).
Manual forex signals are generated by a person who can be a professional and/or seasoned trader. On the other hand, automated trading signals are generated by computer software that tracks and analyses market price action based on coded algorithms.
A forex signals 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.
Types of services
best forex signals
Services provided fall into four categories:
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
Typical forex-signals as provided from a renown provider.
ACCEPTED PAYMENT METHODS