Forex Trading Guide - Global Forex Section

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Amber Lowery

What are Forex signals? Forex signals are paid services offered by some brokers and independent Forex annalists. Companies that offer forex signals monitor and analyze the market for you, providing you with their data via desktop alerts, email or even SMS and pager alerts.

Forex signal services analyze several factors when preparing their data. They do a technical analysis of market conditions and use a combination of indicators to identify trends and isolate profitable entry and exit points. They then send you the results via the venue of your choice and you can choose to use the signal in your own trading, or pass on it.

Most forex signal services offer signals for only a handful of the most popular currency pairs, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF. Occasionally, you can find specialty services that offer signals for other lesser traded pairs. Forex signals can be costly, even upwards of $100 / mth. The benefit of subscribing to such a service is that they analyze and crunch the data for you, saving you time. It should be noted, however that using a signal service is no substitute for a proper education in the Forex markets. Signal services give you data, you still need to know what to do with it.

When shopping for a signal service, make sure that they provide you with historical data so that you can see their track record for yourself. Remember, that like any trader, Forex signal services also have loosing trades. You shouldn't expect a signal service to be a sure ticket to instant Forex wealth, but rather look at them as another tool in your trading toolbox.

About the Author

For more articles and information on Forex, visit: http://www.forexbytes.com

Global Forex News

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TOKYO, Aug 28 (Reuters) - The dollar slipped from a six-month high against the euro on Thursday after comments by European Central Bank officials the previous day scaled back speculation about an ECB rate cut. ECB Executive Board member Axel Weber ...

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FOREX-Dollar slips against euro as oil, GSE worries weigh - Forbes

TOKYO, Aug 28 (Reuters) - The United States, Europe and Japan planned joint intervention to rescue the dollar when it was plunging in March at the time U.S. investment bank Bear Stearns collapsed, the Nikkei business newspaper reported. Officials ...

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U.S., Europe, Japan planned dollar rescue -Nikkei - Forbes

The Indian rupee was steady at 43.73/74 against the dollar in volatile trade today on alternate bouts of small buying and selling. At the Interbank Foreign Exchange Market (Forex), the domestic unit resumed higher at 43.70/72 a dollar, but later ...

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Rupee rules steady at 43.73/74 against dollar - Mid Day.com

For company board meeting and results dates double-click on <BSE/MEETINGS1>, <BSE/MEETINGS2>, <BSE/MEETINGS20>. To navigate forward and backward between pages use function keys F11 and F12. For a timetable of economic indicators, double-click on [ID ...

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DIARY - India - Aug 28-Sept 27 - Reuters India

TOKYO : The United States, Europe and Japan planned joint intervention to rescue the dollar when it was plunging in March at the time U.S. investment bank Bear Stearns collapsed, the Nikkei business newspaper reported. Officials from the U.S ...

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Nikkei says Europe and Japan planned dollar rescue - International Herald Tribune

MUMBAI, Aug 28 (Reuters) - Indian shares could drop on Thursday as oil prices rose for a fourth day, raising the risk of higher inflation and firmer interest rates. "We are likely to see a lacklustre day with underlying pressure that could bump the ...

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Indian shares seen lower as oil rises for 4th day - Reuters India

LONDON, Aug 27 (Reuters) - The dollar eased back on Wednesday as dealers cashed in on the currency's jump the previous session to 2008 highs against a basket of currencies. A rebound in oil prices, as well as persistent concern about the U.S. economy ...

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FOREX-Dollar falls back from 2008 high on profit taking - CNBC

TOKYO, Aug 28 (Reuters) - The dollar slipped from a six-month high against the euro on Thursday after comments by a European Central Bank official the previous day scaled back speculation about an ECB rate cut. ECB Executive Board member Axel Weber ...

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FOREX-Dollar slips against euro, oil, GSE worries weigh - CNBC

NEW YORK, Aug 26 (Reuters) - The dollar scaled six-month peaks against the euro on Tuesday, lifted by a jump in U.S. consumer confidence and expectations of interest rate cuts in the euro zone following weak German data that heightened concerns of a ...

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FOREX-US dollar up on euro zone woes, Fed minutes awaited - Reuters

NEW YORK, Aug 26 (Reuters) - The dollar climbed to six-month highs against the euro on Tuesday, boosted by a jump in U.S. consumer confidence and expectations of euro-zone interest rate cuts as investors braced for a possible recession in the region ...

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