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What are Forex signals?

Lisa O'Neill


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Hello, thanks for asking! 

Forex signals are trading indicators to Forex traders when they should place a purchase or sale, and at what price. These signals can be manual, coming from professional Forex traders that are paid to do this, or they can be automatically sent out by computers which are preprogrammed to spectate the market and send out signals when lucrative opportunities present themselves.

These signals are beneficial to both beginner and expert traders. They help inexperienced traders to start off their trades with the right amount of money and at the right time, providing them with profit, which will help them further develop their trade. On the other side, expert traders may send out these signals for a profit.

Signals also differ between paid and free ones, and between entry and exit signals. Entry signals give out a sign when to open a position on the Forex market, while exit signals advice on when to close this position.

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