![]() ![]() In some cases – the forex signal provider might proceed to contact their VIP subscribers via telephone. This could either be in the form of an email, SMS, or Telegram message. The underlying software assesses that an excellent entry point on the trade is 1.21, which it believes is imminent.Īs such, the forex signal service would then alert its subscribers. The underlying software notices that EUR/USD is substantially overbought – meaning that the pair is likely to go through a correction period. The overarching concept of forex signals is that they are designed to alert you when a potential trading opportunity arises.įor example, let’s say that the forex signal service is tracking EUR/USD. 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. In its most basic form, forex signals are a trading tip that seeks to speculate on which way a particular currency pair is likely to go in the very near future.
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