Can you explain to me what are Forex signals?



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Can you explain to me what are Forex signals?
I really want to learn more about Forex coz I’ve heard that many people make lots of money doing this. But it’s seems I have a lot to learn about all this with the different lingo and stuff. Thanks for any help!..

Best answer:

Answer by Mani
A signal is when someone tells you “Buy/Sell a given currency pair, close your positions when you have X profits, in the opposite case stop your losses at Y loss”.

Proven experts can give you signals

Add your own answer in the comments!




3 Comments


  1. Victoria (November 10th, 2013 at 3:41 am)

    A Forex signal 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. – http://en.wikipedia.org/wiki/Forex_signal

  2. Andy elle (November 10th, 2013 at 4:32 am)

    If you are completely new to forex the best kind of signals you can get are signals that are automatically traded for you through an mt4 account. This way you dont have to be at your computer when trades are being made. In fact your computer does not even need to be turned on.

  3. Carlyn Dubose (November 10th, 2013 at 4:44 am)

    A Forex signal 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.

    I have personally had great experience with Forex Vice. In fact I have been following them for 8 months. Its basically a service that you install their EA and when they make a trade, you copy their trade. However it is kind of expensive and may not be good start for beginning traders.

    There is a lot to learn about Foex trading that is beyond the scope of this answer. You must be willing to study this effective strategies and hone your skills in order to make this venture profitable for you. Here’s a good place to start…


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