Forex signal is a suggestion for entering a trade on a currency pair, usually at a specific price and time. The signal is generated either by a human analyst or an automated Forex robot supplied to a subscriber of the forex signal service. Due to the timely nature of signals, they are usually communicated via email, website, SMS, RSS, tweet or other relatively immediate method.
If you are trading the Forex market, you have surely heard about Forex signals or Forex alerts. But what are these signals, how do they work? What are the different types of signals? And how can Forex signals benefit traders.