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What Is a Trading Signal?
A trading signal is the result of expert analysis performed by a professional trader or an automated trading system. Its purpose is to inform traders about potential arbitrage opportunities in the global financial markets. Signal providers analyze various technical indicators and market data derived from daily financial activity.
Trading signals can be manual or automated. Automated signals are often applied directly to a MetaTrader 4 account via copy-trading, while manual signals are delivered through SMS, email, Twitter, or other channels. Trading signals are usually offered through monthly subscription plans ranging from $30 to $300. Signals can be profitable if you choose your provider carefully. Keep in mind that no technical analysis system is perfect, and losses can occur. If available, use a trial subscription to test a provider under real conditions.
A trading signal provider should always deliver three key elements to subscribers:
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An entry time or price level
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A target price within a specified timeframe
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A stop-loss price to hedge against unfavorable market moves