Forex signals are generated through a comprehensive analysis of market trends, patterns, and indicators, including Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Fibonacci retracement. Traders receive these signals through various platforms, such as SMS, email, and the Telegram application. Although these signals are designed to support the trading process, it is crucial for traders to interpret them personally to make informed decisions.
A typical signal provides traders with an entry-level (buy/sell), an exit level (close the position), and a stop loss level (minimize loss if the trade goes wrong).
These signals are sent in real-time, enabling traders to execute transactions almost simultaneously. Some platforms also offer customizable alerts for tracking the best deals.
