Forex signals for May 2022. Best FREE forex signals. Daily FX signals.

Q: What Are Forex Signals?

In its most basic form, a forex signal is a trading tip that seeks to speculate on which way a particular currency pair is likely to go in the very near future. The suggestion – which will either be provided by an automated signal service or a human analyst – will suggest a time and price that the trade should be made. The overarching concept of forex signals is that they are designed to alert you when a potential trading opportunity arises.

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Genuine reviews from genuine members. Our Forex Signals are voted by users the best in the world!

Frank Karlini

2020-09-21

A recent subscriber to the VIP signals. I stumbled upon L2T through their articles on trading. I found them very resourceful, and learnt quite a bit from them. The signal services are also very straightforward, with clear instructions, and background on the analysis. Now, I heavily rely on them. With Telegram alerts, it is even easier to stay updated on the market now. They also send a month-end summary of how their signals performed, which you can study to better understand the market.I have had numerous hits and a few losses here and there. Overall maintaining between 70-80% in take profit, and I am satisfied with my gains. I would recommend L2T to newcomers to learn about trading strategies, and would tell professionals not to hesitate in joining their signal service.

“Learn To Trade has made my trading much…”

Karlos

2020-09-21

Yes, I have to mention this also. Sometimes, the trades do not always go as you expect, L2T claims a track of 76% profit and from my trading experience, it comes close. I have had made up to 500 pips on good weeks. That is why you also need to refer to their other technical analysis. L2T also sends updates, chart analysis, and market feed along with the signals. This way you can cross-check the signals and make your own decisions on whether to trade or not. Just joined the VIP and swing trade telegram channels. Clear concise information with regards to trades and background information. Now, the best part is, apart from these signals, they also update their platform regularly with market feed, news, and trading styles, evaluations, and more.

“I came across Learn 2 Trade through…”

John Hernandez

2020-09-21

I am currently in the free telegram group. So far every trade I have placed and closed by L2T has been profitable. I feel like some of the comments here are from inexperienced traders and feel that when it is placed it will immediately be a profit. You need to wait it out because of how the trends are sometimes. Look at charts and review the information posted. This is one of the better signal services that I have used over the last few years. I would definitely recommend them and I have to a few friends. The signals are very clear and easy to follow. Of course, there are times when the trades don't go as planned, but, that in itself is a lesson for the future. Learn2Trade doesn't just give you signals telling you when to buy or sell

“Best company to use if your looking to…”

Alison Williamson

2020-09-21

I have waited a while to leave this review because I wanted to be absolutely sure. L2T has ticked off all the relevant boxes when it comes to a trading signal service. I started as a free subscriber before joining the VIP signal service. Regardless of your subscription type, you get real-time updates, followed by an in-depth explainer of the analysis behind the trade. This is incredibly useful in learning how to infer data from the market and use it to your advantage. Following their signals, I have been able to maintain a profit of around 30 - 40% during most months. And yes, occasionally, they also put up deals with brokers that will help you gain free access to the platform. So if you are on the lookout for a broker, you would be hitting two birds with one stone.

“The best signal provider I've ever tried…”

What are Forex Signals?

In its most basic form, forex signals are a trading tip that seeks to speculate on which way a particular currency pair is likely to go in the very near future. The suggestion – which will either be provided by an automated signal service or a human analyst – will suggest a time and price that the trade should be made. The overarching concept of forex signals is that they are designed to alert you when a potential trading opportunity arises.

For example, let’s say that the forex signal service is tracking EUR/USD. The underlying software notices that EUR/USD is substantially overbought – meaning that the pair is likely to go through a correction period. The underlying software assesses that an excellent entry point on the trade is 1.21, which it believes is imminent.

As such, the forex signal service would then alert its subscribers. This could either be in the form of an email, SMS, or Telegram message. In some cases – the forex signal provider might proceed to contact their VIP subscribers via telephone.

Nevertheless, any forex signal service that is worth its weight in gold will also offer an exit point. For example, while the entry point has been stated at 1.21, traders need to set up a stop-loss order in the event that the signal provider gets it wrong. Moreover, the provider will likely insert a take-profit order too, which allows subscribers to automatically lock-in gains when a certain price point is met.

How Does the Learn 2 Trade Forex Signals Service Work?

We offer two forex signal options – a free service, and a premium subscription plan – more on this later.

Regardless of which plan you are on, our automated technology will run advanced technical analysis on most major and minor currency pairs, alongside several exotics, too.

Once a signal has been identified, we will then notify our members via the Learn 2 Trade Telegram group.

This is what your signal might look like:

Currency Pair: GBP/USD
Signal: GBP is heavily overbought on the RSI
Order: Sell Order
Entry Price: 1.3560
Stop-Loss: 1.3600
Take-Profit: 1.3500

As you can see from the above, our forex signals will always contain six key pieces of information.

Let’s explore some of these crucial pieces of data in more detail.

📌 Currency Pair

This simply refers to the currency pair that the Learn 2 Trade signal relates to. In most cases, this will either be a major or minor pair. However, if the algorithm spots an opportunity from within the exotic currency space, it will always ensure that members are notified.

📌 Forex Signals

The forex signals provide a brief summary of what the algorithm has found. In other words, this forms the basis of the Learn 2 Trade signal that you will then proceed to trade. In the example above, the signal notes that GBP is heavily overbought on the RSI (Relative Strength Index).

For those unaware, the RSI is a key technical indicator utilized by traders. This, along with dozens of other advanced charting tools, assists the algorithm when it is scanning the markets for trading opportunities. Get our forex trading signals!

📌 Entry Price

The Learn 2 Trade algorithm will also identify the most effective entry point for the trade. In this example, the signal suggests placing a sell order on GBP/USD at 1.3560. If the price is triggered, the trade goes live.

📌 Stop-Loss Price

This is one of the two exit prices that the Learn 2 Trade signal will provide. The stop-loss price refers to the price in which the trade will be automatically closed at if the signal’s prediction does not come to fruition.

Crucially, it ensures that your losses are always mitigated. After all, the automated signals will not be correct 100% of the time.

📌 Take-Profit Price

This operates much like a stop-loss order but in reverse. For example, the signal lets you know what price the trade should be closed at when a certain profit point is met. This ensures that you do not need to be sat at your computer for hours on end waiting to close the trade automatically.

It’s also worth checking out the Top 10 best Defi Coins by market cap to trade with if you are looking for decentralized finance signals.

Is the Forex Signals Service Really Free?

Although it is correct that Learn 2 Trade also offers a premium service, we do provide many free forex signals to those that are yet to subscribe. But why? Well, we understand that the forex signals space is jam-packed with unsavory platforms that claim super-high returns. You can find the free Telegram group here

But in reality, many of these providers fail to live up to their bold claims. Unfortunately, subscribers only realize this after they have already paid a subscription or worse – a one-off lump sum.

With this in mind, we allow our free members to receive 3 signals per week without asking you to sign up. You’ll be able to get our signals from the Learn 2 Trade telegram group, and of course – try them out for yourself before making a commitment.

If you then decide that you want to upgrade to the premium plan, you will gain access to our full members’ room. This means that you will get 3 signals per day, 5 days per week.

Note: Learn 2 Trade also offers a way for you to join our premium service for free. Simply join one of our recommended brokers listed on this website via the sign-up link, meet the broker’s minimum deposit amount, and we’ll upgrade you. In doing so, you’ll have access to 3 forex signals per day on a 24/5 basis.

What are Forex Signals Based on?

As we noted in the section above, the Learn 2 Trade forex signals service is based exclusively on technical analysis. The automated technology will utilize heaps of well-known technical indicators and advanced charting tools.

This includes:

✔️ Fibonacci Retracement Levels

Fibonacci retracement levels are also important in the forex signals space. The technical indicator attempts to find a medium-to-long-term trend, followed by a target entry point. More specially, it looks to enter the trend when the markets go through a brief correction phase.

Note: A market correction is when an asset temporarily reverses in direction, before resuming its upwards or downwards trend. This is usually because traders decide to cash out their profits – which has a short-lived impact on the trend.

For example, let’s say that USD/CAD has been on a five-day bull run. As is the case with any asset class, a bull-run cannot last forever. On the contrary, the markets will always need to correct themselves at some point – which is usually a result of investors locking in their profits.

When the correction does occur, this is when the Fibonacci indicator will attempt to find an entry point. When it does, the forex signal will forward the trading opportunity to its members.

✔️ Support and Resistance Levels

Support and resistance levels are crucial in the world of forex trading signals. Regarding the former, this is a particular price that a currency pair is finding ‘support’ from the markets.

For example, a historical support line on BTC/USD was the $6,000 mark. In terms of the resistance level, this is the pricing point that the market bears are able to hinder an upward trend.

A forex pricing signal will look to assess where the key support and resistance levels are, and how its members should trade when one of these levels are broken.

✔️ Bollinger Bands

While Fibonacci indicators are concerned with catching a market correction, Bollinger Bands analyze the relationship between price and volatility. In a nutshell, this particular forex signal lets us know when a currency pair is experiencing large volatility levels. It can also be used to determine whether a particular forex pair is in overbought or oversold territory.

✔️ Moving Averages

One of the most common indicators utilized by forex signal providers is that of the moving averages. For those unaware, this particular indicator seeks to calculate the average price of a forex pair over a certain number of historical days. At the forefront of this are both the 100-day and 200-day moving averages, as they cover a much wider time frame to gauge market sentiment.

In most cases, if the current price of a forex pair is above either the 100 or 200-day average (or both), then it indicates that market sentiment is extremely positive. On the contrary, when the current price falls below the aforementioned averages, a bear market is potentially in the making.

What to Consider When Choosing a Forex Signals Provider?

So now that you know what Forex Signals are, how they work, and the types of technical indicators that assist the underlying algorithm – you are might be looking to join a forex signal provider right now. Take note, there are thousands of so-called expert signals providers active in the market. However, very few are able to meet the hyperbole claims that they often make.

Don’t forget, signals are only as good as the person or company providing them. While certain signal providers will possess a much better success rate than others, there is no guarantee that you will make money. Ultimately, nobody can predict the future – as the forex markets often operate irrationally.

With that said, below you will find some of the considerations that you need to make before signing up for a forex signal service.

✔️ Fees

First and foremost, you need to assess how much the forex signals provider is going to cost you. We are very upfront about our fees here at Learn 2 Trade. Our members have the choice of joining our free signal service – which permits 3 trading suggestions per week.

Alternatively, the premium service – which starts at just over $14 per month on a 6-month plan, will give you access to 3-5 signals per day – Monday to Friday. You are never under any obligation to upgrade, so if 3 signals per week are all you want -that is all you will get!

✔️ Free Trial

It’s crucial that you choose a forex signals provider that allows you to test the product out first. It really gripes us when providers ask you to pay a fee upfront, without you having the opportunity to first test the effectiveness of the signals.

With that in mind, this is why Learn 2 Trade offers a free forex signal service. In doing so, we are confident that you decide to upgrade to our premium plan once you have had the chance to assess our trading results.

✔️ Types of Forex Pairs

Some forex signals providers will specialize in certain trading pairs – like GBP/USD or EUR/USD. In the case of Learn 2 Trade, our algorithm has the capacity to analyze dozens of majors, minors, and exotics – subsequently giving you the greatest number of trading opportunities throughout the week.

Moreover, our algorithm also analyzes other asset classes such as cryptocurrencies, indices, and commodities.

✔️ Alerts and Notifications

You often won’t have long to capitalize on an upcoming forex signal, so it’s crucial that you are notified as soon as an opportunity arises. This is why we alert you the second a trading suggestion has been identified.

You will receive a notification via Telegram in real-time. Once you’ve obtained the required information, you can place your trade immediately.

✔️ Technicals, Fundamentals, or Both

While the vast majority of forex signals providers focus on the technicals, some will also explore fundamental news events. This is where the signals are based on real-world current affairs.

In the case of Learn 2 Trade, we specialize exclusively on the technicals.

✔️ Track Record and Reputation

As we have mentioned throughout our guide thus far, a forex signal is only as good as the person or company that provides it. On the one hand, there is no knowing how successful a forex signal provider is until you actually try them out for yourself.

Once again, this is why we offer a free forex signal service here at Learn 2 Trade. With that said, our success rate on winning trades to date is 82%. In real terms, this amounts to an average monthly profit of between 30-40%.

Read Our Trust Pilot Reviews

Fancy finding out more about what Forex Signals are, how they work, and why they are important for your long-term investment goals? If so, be sure to read our guide on the Free Forex Signals Service

I am a free user of L2T forex signals. And I highly appreciate that they send so much information through Telegram for free users. You can join the Telegram group by searching in the app, and see for yourself how much information is available. The only thing is, if you need to access the full trading analysis you need to sign up for the premium. But as a beginner trader who mostly relies on the signals than the research, I am willing to look over that.

Mariyathasan Maccimas

I am a VIP signal user and there are a few reasons I prefer L2T over other signal services. For one, they do not offer you mere triggers for buying and selling. Even the free signals come with the stop-loss, take-profit, and the risk-reward-ratio. The Telegram alerts also includes market evaluations, updates, trading analysis and more. For instance, this Monday they sent out a message on which market-moving factors they are considering such as FOMC meeting minutes

Olivia

I am a free signal user, and I have to say how much I appreciate that L2T sends out full signals for free users. I have checked a few other signal services, and most of them always mask out some part of the signals forcing the users to sign up for premium to make any trades. Not L2T. If you sign up, you will get all details such as the entry price, take profit and stop loss.

Stephen Smith

This review is more focused on the course and learning materials rather than the signals. Though some might feel that the forex course is not worth a £99 plan, for an absolute beginner like me, there is plenty to learn from them. I don't find this amount a bad investment considering that I am likely to gain much more with what I have learnt. There are also several free articles that can show you the ropes about trading, understanding the market, and how to read the signals.

James Chiswell

I have been trading for 4 years and have made few dollars here and there.I joined Learn2trade two weeks ago. It’s amazing for the first time I have made more than $3000.GBPJPY signal they sent was on point and just made $2000 and still 1000 pips to go. I have been trading for a year, and have been using L2T for the last six months. From my experience, L2T has a good win ratio.

Mathew Joy

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Frank Karlini

Karlos

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What are Forex Signals?