Forex Signals

What are Forex Signals?

Tell traders when to enter and when to exit trades. They also tell the traders how many contracts to trade as well as how much to risk per contract. Also tell us when to do nothing. In Forex trading doing nothing at the wrong time is just as important as doing something at the right time.

Where to get Forex Signals?

When you want to get Forex signals, you have to suscribe to them or in sometimes your broker will give them to you. But most of the time you may have to paid to get them. You will be able to suscribe for just 1 month so you can prove the system, and see if they work or not.

Example:

The euro tested key short-term resistance at $1.2985 before retracing and closed for its fourth consecutive positive daily gain. A movement through the $1.2985 level opens up further short-term resistance at $1.3008/10 but a near-term pullback to $1.2944 can’t be ruled out.

Entry Limit Order: Buy at 1.2929
Exit Limit (take profit): Sell at 1.3043
Exit Stop (cut loss): Sell at 1.2883

So you will notice that you have all the information you need to start trading in Forex. Sometimes you will not receive any signal, this means that the market is not stable and you cannot predict the tendency, so you will not enter any position because the market is risky.

For more information go to: http://www.fx-megaforex.com