Sun 25 Jun 2006
There is such term in a FOREX trade as a forex trading signal.
Some time ago we discussed technical analysis of Forex market.
When You, finally, choose your online forex broker , try to find as much information about forex signals as you can. Most probably, that your broker will provide you information either on forex charts, or in plain text about best moments when to enter foreign currency exchange market and when to leave it.
Usualy, it is a part of their FOREX trading system . Forex signal occurs when some of the forex indicators crosses certain level or another indicator.
Forex trade signal could be just plain as “buy” or “sell”, or it could be just a signal that the trend line is settled and so on.
Be careful, forex signal could be rised not only from technical analysis of Forex market, but from fundamental analysis, as well.