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The signal is generated either by a human analyst or an automated forex system or algorithm. Most signals are real time or live forex signals due to the timely nature of entering trades. We believe that this is a reasonably good definition of a forex trading signal. However, the quality or accuracy of the signals are not considered in the Wikipedia definition, and as you will see this is a huge flaw. A signal should be an indication to trade from some type of human, automated or computer based system monitoring the market conditions. Human based systems are subject to human error, and nearly every one of these systems across the board is terribly flawed and unreliable, due to the basis of the signals being technical indicators, or pairs combined scalping techniques. When conducting web searches for “forex signals”, most of what we found were not signals at all. We found live trading rooms, trade copiers, web pages and websites with large amounts of advertisements for brokers like click ads, banner ads, and pages with little or no content. Low value websites. A lot of the content on the forex signals providers websites was repetitive computer generated content, outdated facebook pages, “trade ideas”, forex robots advertisements like “set it and forget it”, etc. We did see one prominent top 5 broker with a paid signal service, this service gave alerts for price breakouts and advised selling a pair after it had risen and buying it after it went down on the small time frames, which is an irresponsible way to scalp.
forextrader
As more and more people are interested in Foreigh Exchange Market many of them don’t understand if online financial trading can really be profitable.
foreign exchange trading basics
Futures, options, and spot currency trading have large potential rewards, but also large potential risk.
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