The Ultimate Guide to Forex Trading Signals
The cryptocurrency market just reached a $3 trillion valuation. The global stock market is worth around $85 trillion.
But the forex market blows these out of the water. More than $6 trillion is traded daily on the forex market, with an overall value of $2.4 quadrillion.
The forex market is huge, and trading opportunities abound all day, every day. That’s why thousands of aspiring traders and professional traders focus on the forex market full time.
And while there are plenty of lone rangers making it happen on their own, more and more people are using forex trading signals in order to find and execute profitable trades on a daily basis.
If you’re a new trader looking to get out of the red, then finding the right forex signals is in your best interest. Wondering what trading signals are, and how you can be a reliable signal provider? Keep reading below for everything you need to know about making money with forex signals.
Benefits of Forex Trading
Trading signals are available in every market, from stocks to crypto. But forex is where most professional traders hang out.
That’s because the trading opportunities are so abundant. With so much money moving every minute in forex, there’s always a trading opportunity available, if you know what you are looking for.
And whether the market is going up, going down, or not doing much, you can still make consistent profits.
The forex market is also more liquid than any other market, especially among the major currency pairs. Higher levels of liquidity allow traders to react immediately to fluctuations, where the slightest delay could result in a lost opportunity.
Forex trading uses leverage. Even if you have a small account balance, you can still trade much larger amounts, thanks to forex brokers offering leverage up to 400:1 in many instances.
Since currency pairs only fluctuate a few pips per day, the reward of using leverage for a profitable trade is greater than the risk. With the right trading strategies, you can turn forex trading into a consistent stream of profits, and a full-time career.
What Are Forex Trading Signals?
Forex trading signals are the fast lane to profitable trading. Rather than staring at charts all day, every day, waiting to identify a pattern using technical analysis, professional traders do that for you.
When they identify a trading opportunity, they send out a signal to their subscribers. The signal describes which currency pair to buy, what price you are trying to get in at, what your take profit levels are, and where to set a stop-loss, to avoid draining your account if a trade goes wrong.
To make a trade using a signal, you simply open a trade following the numbers in the signal and reap the rewards once you close with a profit.
Benefits of Forex Trading Signals
There are countless benefits to using forex trading signals. For one, you can be a complete novice and still make profitable trades.
You don’t have to know what pattern or trend you are trading, or what indicators were used to identify the trade.
You also don’t need to spend an entire day looking at charts and trying to find patterns. If you follow a signal provider that you trust, you can just make the trade, and carry on with your day, while they continue to scour the charts, looking for other profitable trading setups.
When you follow signals, you don’t need to be sitting at your computer. The signal provider will likely use an app like Telegram to deliver instant signal notifications.
When you receive a signal, just open up your trading app or brokerage website on your smartphone or computer, enter the trade, and set your stop-loss and take-profit.
You could, in theory, follow signals while you are working your day job, playing video games, or sleeping (if your phones’ ringtone is loud enough) since the forex market is open 24/5.
Forex trading signals can also become part of your trading education. If your signal provider offers videos or written explanations of why they recommend a certain trade, your knowledge and skills will grow, while you are making profits.
Finding the Best Forex Signals
Forex signals providers are a dime a dozen. Everyone thinks they can trade, just because they’ve had a few good days.
So they create a telegram channel and offer their signals, using a brand new, hardly tested strategy. But if a signal provider doesn’t have years of trading history, and trading success under their belts, you should probably keep looking.
It’s important not to rush the process when looking for a signal provider. Choosing the wrong signal provider is a great way to lose lots of money.
But by taking your time, you can research time-tested signal providers, with reliable strategy, that work with your account size and risk tolerance. You should be able to analyze their trading history, to see how consistent their trading strategies are over time, not just when the market is good.
You also want to choose a signal provider that offers support, guidance, and community in addition to live, real-time signals. You should be able to interact with your signal providers and ask questions so that you can actually learn the process of trading forex, rather than blindly follow tips without any explanation.
Trade Profitably With Premier Forex League
At Premier Forex League, we have a team of some of the best, most experienced traders in the world. And not only do we provide live trading signals, but we let you watch us live as we are making real trades. And we teach you how to trade so that you won’t always be dependent on signal providers in order to trade profitably.
We use time-tested, proven trading strategies that we lay out clearly in our Fast Track Newbie Trading course.
We never tell you to make trades that our team of traders isn’t also making. We believe in teaching by doing. If you can’t make it to our daily, live trading sessions, you can watch the recordings later on and use them as guidance to make trades.
Our signals and courses are able to turn newbie traders, with zero experience, into profitable traders almost immediately. Don’t spend years trying to learn the process on your own. Join a community of like-minded individuals who are all working towards the same goal as you; financial freedom through forex trading.
Use Forex Signals to Start Trading Profitably Today
Beginner and expert traders alike have come to depend on forex trading signals to amplify their income earning potential. With the right signal provider, you can receive dozens of trading setups per week, or even per day.
Not only will signals help you to make profitable trades, but they can help you replace your income over time, so you can focus on what matters most in life.
Ready to join the best traders in the world at Premier Forex League? Sign up to start receiving signals today, to stop wasting time and start making profits.