UNLOCK DAILY 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.

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.

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 up to 3 signals per day, 5 days per week.

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.

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.

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 £21.5 per month on a 6-month plan, will give you access up to 3 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 76%. In real terms, this amounts to an average monthly profit of between 30-40%.

 

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