Forex signals are trading suggestions sent via a subscription service. In most cases, the signal will tell the member what pair to trade and whether to go long or short. Additionally, a limit, stop-loss, and take-profit price will be suggested.
So, are trading signals worth it? That depends on where you’re getting them from and your attitude to risk. For most people, it definitely isn’t worth taking a chance on a signal from someone who may have no real credentials. Therefore, it’s probably only worth considering trade signals with a regulated provider.
How do I get forex signals?
One of the easiest ways of obtaining forex signals is from a signal provider through software that scans the forex market for trading opportunities or it can be a company that provides trading signals to its clients, often via SMS text messages, Telegram messenger, WhatsApp, email or online platform notifications.
Can you make a living off forex?
If you’re new to trading, you might well wonder if it’s really possible to make a living from currency trading, given that the majority of small traders do not. The short answer? YES! It’s definitely possible to make a consistent income from Forex trading.