JOIN OUR FREE DAILY FOREX SIGNALS

If you are new to the Forex market and you would like to get a taste of what our Forex signals are like then join our free Telegram group below!


What Are Forex Signals?
In its most basic form, a forex signal is a trading tip that seeks to speculate on which way a particular currency pair is likely to go in the very near future. The suggestion – which will either be provided by an automated signal service or a human analyst – will suggest a time and price that the trade should be made. The overarching concept of forex signals is that they are designed to alert you when a potential trading opportunity arises.
For example, let’s say that the forex signal service is tracking EUR/USD. The underlying software notices that EUR/USD is substantially overbought – meaning that the pair is likely to go through a correction period. The underlying software assesses that an excellent entry point on the trade is 1.21, which it believes is imminent.
As such, the forex signal service would then alert its subscribers. This could either be in the form of an email, SMS or Telegram message. In some cases – the forex signal provider might proceed to contact their VIP subscribers via telephone.

Nevertheless, any forex signal service that is worth its weight in gold will also offer an exit point. For example, while the entry point has been stated at 1.21, traders need to set up a stop-loss order in the event that the signal provider gets it wrong. Moreover, the provider will likely insert a take-profit order too, which allows subscribers to automatically lock-in gains when a certain price point is met.

How Those Our Forex Signals Works?
We offer two forex signal options – a free service, and a premium subscription plan – more on this later.

Regardless of which plan you are on, our automated technology will run advanced technical analysis on most major and minor currency pairs, alongside a number of exotics, too.
Once a signal has been identified, we will then notify our members via the Fx Trading Academy Telegram Channel.

📌 Currency Pair

This simply refers to the currency pair that the Fx Trading Academy signal relates to. In most cases, this will either be a major or minor pair. However, if the algorithm spots an opportunity from within the exotic currency space, it will always ensure that members are notified.

📌 Signal

The signal provides a brief summary of what the algorithm has found. In other words, this forms the basis of the Fx Trading Academy signal that you will then proceed to trade.

📌 Entry Price

The Fx Trading Academy algorithm will also identify the most effective entry point for the trade. In this example, the signal suggests placing a sell order on GBP/USD at 1.3560. If the price is triggered, the trade goes live.

📌 Stop-Loss Price

This is one of the two exit prices that the Fx Trading Academy signal will provide. The stop-loss price refers to the price in which the trade will be automatically closed at if the signal’s prediction does not come to fruition.

Crucially, it ensures that your losses are always mitigated. After all, the automated signal will not be correct 100% of the time.

📌 Take-Profit Price

This operates much like a stop-loss order but in reverse. For example, the signal lets you know what price the trade should be closed at when a certain profit point is met. This ensures that you do not need to be sat at your computer for hours on end waiting to close the trade automatically.