Forex Signals, also known as 'technical indicators, are data points used in the prediction of currency movements. This article will examine three of the most popular forex signals in use today.
Signal 1: Relative Strength Index (RSI)
Signal 2: Stochastic Oscillators (SO)
Signal 3: Moving Average Convergence Divergence (MACD)
A Forex signal is a suggestion for entering a trade on a currency pair, usually at a specific price and time. The signal is generated either by a human analyst or an automated Forex robot supplied to a subscriber of the forex signal service. Due to the timely nature of signals, they are usually communicated via email, website, SMS, RSS, tweet or other relatively immediate method. As forex is popularly touted as a get-rich-quick method there are a number of services that supply signals of debatable quality, which do not answer the users' expectations.
Serious forex traders around the world need accurate forex signals beside technical and fundamental analysis for a disciplined and rewarding trading. With accurate forex signals based on research and market study, forex traders should be ready to apply their analysis, and experience for maximizing the return on investment.
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