The current value of the currency and other records are maintained by FOREX. A Forex signal suggests entering into a trade or a deal at a specific time and price. Signals can be generated by a human analyst or an automated Forex robot. One can enjoy this Forex service on a subscription. As an urgent and readily availability of communication required, Forex servers use SMS alerts, emails, website, RSS feed, tweets or any other relative immediate method for Forex alerts according to service.

Services they offer

Unpaid or free Forex signals

Paid signals from one provider

Paid signals aggregated from multiple signal sources or ‘systems’

Trading signals located on the trader’s computer, known as Forex robot or EA(expert advisor)

Features of a Forex signal service provider

Exact entries and exit of figures for trade on more than one currency pair

Graphs or analysis supporting the trade signals


A trading history in which various records of losses and profits per month are maintained, this may also be known as back-tested results

A personal interaction with the signal service provider such as comments, forum etc.

Management of accounts whereas the subscriber’s account can be traded by a signal provider. This also makes the point that while it may at first seem tempting to let a signal provider trade your account for you, if you have the time you may actually prefer to control it yourself.

Resources for educating subscriber either via internet or phone

Availability of trial pack for lesser price

The Forex game is for those who prefer GET-RICH-QUICK method to earn. There are a number of services that supply signals of inferior quality, which do not stay on user’s expectation of profits.

Trading STRATEGIES

Technical analysis is made by majority of signal providers and the rest of them focus on fundamental analysis or price action. Technical analysis displays both long and short term price trends giving the signal provider flexibility in supplying a range of trade options. Fundamental analysis provides long term trade ideas, whereas price action gives extremely short term trade ideas.

If one has gone through a good Forex training course and understand the concepts of support, resistance, pivot points, trends etc. you should always use this knowledge to perform in your own trade. One can enhance the overall performance of his portfolio of Forex trade recommendations.