Tips to Read Our Forex Trading Signals

As a subscriber to the Daily Forex Signals, you will occasionally receive signals by text messages to your cell phone.

How will the signal look like:

Technical signals - Long/Short currency X currency Y at (Market Order)

SL - Stop loss rate

NSL – New stop loss rate

TP1 – First take profit point. When the rate gets to TP1, close half of the position and change SL to NSL. If your trading platform doesn't allow closing half of the position, then open two identical positions and close one of them when you reach TP1.

TP2 – Second take profit point

Close Now at X

For example:

Technical signal Long EURUSD 1.3820 SL 1.3750 TP1 1.3920 TP2 1.3990

Later on you might receive an update:

EURUSD NSL 1.3800 (change SL)
EURUSD New TP2 1.4080 (change TP2)
EURUSD Close at 1.3860 (close the position)

Number of Signals
Based on our experience, the number of signals varies from 8 to 12 a month. However, there may be months with more forex trading signals or less.

Timing
The forex signals are usually sent after 9:00 am (GMT). The majority of signals are sent in the late afternoon (upon trade opening in the US). There are usually no trading signals sent past 9:00 pm (GMT). 
 
Margin of safety
We take into consideration the margins of buy and sell rates acceptable in the market, but since there are differences between brokers, we recommend adding 5 pips as a safety margin.

Results

The results of our trading signals are published on the Performance page.