What are Forex Slangs
Forex signals are trading suggestions to buy or to sale a Forex currency pair at specific price and time. A Forex signal can be produced manually or using sophisticated forecasting systems. Forex signals as trading orders may be executed manually or automatically using Expert Advisors (Forex robot).
How Forex Signals are Delivered to Traders?
Forex Signals may be delivered free or as a part of a paid subscription service. As concerns the delivery methods, here are the most popular methods:
1) through registration to a signaling web-site
2) via email
3) via SMS
4) via twitter
5) via an automated system which is called a Forex robot (or Expert Advisor)
What Information is Incorporated to a Forex Signal?
The key information of a Forex signal include 1) a target or take-profit price, and 2) a stop loss price. So let’s see a simple example of a Forex signal:
Let’s suppose the signal is about EUR/USD which is actually traded at 1.2000 and the signal provider forecasts an upcoming Euro appreciation:
Take Profit (Target Price): 1.2042