What is Forex signals? - nextmarkets FX Glossary

Last updated: 14.10.2020
Gerry Celaya
Author:
Gerry Celaya
Adviser
CFD & Trading
Experience
> 25 years

Forex signals are a great way to increase your success on the market and they could enable you to make higher returns with minimal effort. Useful for first-time traders and experienced stockbrokers, Forex signals give you an insight into how other traders are playing the market and allow you to emulate their Forex trading strategies. Signals can be an ideal way to see how the market works but before you get started, why not take a look at the nextmarkets guide on What is Forex?

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What are Forex trading signals?

A Forex trading signal is an alert from another trader or electronic software. Depending on your preferences and interest, a Forex trading signal may alert you to potentially profitable trades within your chosen trading areas. Once you’ve subscribed to a Forex signal service, you’ll receive timely updates informing you of potentially worthwhile trades, such as currency pairs with suggested stop or loss information.

Delivered in real-time, Forex signals provide you with up-to-the-minute information and let you see how other experienced brokers are trading. Although you may have your own Forex trading strategies, the nextmarkets Forex signals are a great way to gain insight into other traders’ strategies, learn how the market works and increase the success of your trades.

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How to use nextmarkets online Forex signals

Forex trading signals are a vital tool for trading on the Forex market and they’re used by the majority of Forex traders. A nextmarkets Forex trading signal is delivered to you electronically, so you’ll receive the information as soon as it becomes relevant. Signals may be focused on currency pairs, as well as bond, stock and commodity prices. Forex trading signals can be created manually or automatically.

Manual Forex signals are developed by an actual trader or broker who uses their experience and analysis to determine whether certain trades are likely to be profitable. Automated Forex signals are created by software, which in turn has been ‘taught’ how to analyse the markets by an experienced trader. Sent as short text-based messages, Forex trading signals may be used to prompt you to make a trade, to learn more about why a potential trade may be profitable or to enhance your market analysis.

How do the nextmarkets online Forex signals work?

Online Forex signals work very simply and they can make it far easier to become a successful trader. Manual Forex signals will be sent when a broker has analysed sufficient information and is able to make a trading suggestion. Alternatively, automated Forex signals through the nextmarkets platform will be sent when pre-programmed software has analysed the available data and determined which trading suggestions may be of use to you.

Delivered in an instant, you’ll receive an online Forex signal via your chosen delivery method and be able to act on it if you wish. Once you’ve received the information, you may decide to log in to your nextmarkets account and make a trade straight away. Alternatively, you may want to wait for more online signals or additional information before you decide whether to buy or sell currency pairs, for example.

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Are Forex signals important?

The Forex market is subject to numerous variables and there can be multiple fluctuations in the market each day. While it’s normal for the market to be in a constant state of flux, current events can have a huge impact on the value of currency. Breaking political news, economic updates and even natural disasters can cause currencies to rise and fall significantly, so you’ll need to keep your finger on the pulse if you want to make successful Forex trades.

By relying on Forex signals, however, you can access the latest information and trading suggestions, so you never need to miss out on a profitable trade again. With expert information at your fingertips, your trading decisions can be influenced by top quality analysis through nextmarkets.

Fact Check

  • Forex signals are used by professional brokers
  • Experienced traders base Forex signals on their own analysis
  • Forex signals can help you to develop trading strategies on nextmarkets
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Should you get mobile Forex signals?

When the market changes or currency pairs suddenly alter, you need to be notified immediately so that your trading strategy can be updated or amended. Fortunately, the nextmarkets Forex signals app is the quickest and easiest way to access this information. Available on a variety of devices, such as Android and OS, the nextmarkets app ensures you have all the information you need when it comes to making trades.

As well as market data, online coaches and mobile Forex signals ensure you can base your trades on existing strategies, current broker activity or your own trading strategy. With sound notifications and visual alerts, the best Forex trading app is an easy way to make sure you never miss a trade again.

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Who gives Forex signals analysis?

Before you begin acting upon Forex signals, it’s important to identify where they’re coming from. Not all Forex signals are equal and some sources aren’t as reputable as others. Instead of relying on analysis from unknown traders or anonymous online brokers, why not opt for a trusted Forex signals supplier? The nextmarkets online Forex coaches have extensive experience in the industry and each has their own specialities, so you can align your signals with the most appropriate broker.

When manual Forex signals are sent, the information is based solely on the sender’s analysis of the market, so signals analysis must come from a provider you trust. Choosing a reputable Forex signal provider is all part of choosing the best Forex broker, and we can help. To find out more about our online coaches and their Forex trading experience, take a look at their profiles now.

Using Forex trading signals UK based with nextmarkets

When you’re looking for Forex trading signals UK based, it’s important to keep your overall objectivity in mind. Although every trader wants to make a profit from the market, there are various types of trading strategies and not every Forex signal will be particularly relevant to your own strategy.

If you want to make mid or long-term trades, for example, a sudden change in value of a particular currency may prompt you to take action. If you plan on making a profit from extremely short-term trades, also known as ‘scalping’, Forex signals may not provide the information you need quickly enough.

Despite being delivered in seconds, Forex scalping often requires traders to be monitoring the market during their trading activity, so Forex signals may not suit these types of trades. For both types of trading, the nextmarkets platform delivers a suitable framework and support.

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Make the most of UK Forex signals

The Forex market is truly global and is one of the most available markets in the world, with increased Forex trading hours and numerous platforms. It’s possible to pick up Forex signals from anywhere but the source of your Forex signals could make or break your trading career so it’s vital you only react to signals from brokers you trust.

nextmarkets UK Forex signals are useful for beginners and experienced traders as they help you to analyse the market with tools and information you may not have access too. In addition to this, you can benefit from the experience and expertise of other UK-based traders and brokers. Learning from professional brokers can be an ideal way to make short-term gains but it can also offer a long-lasting insight into how brokers approach the market.

Getting fast Forex signals with nextmarkets

Successful trading requires you to take action at specific times and respond to changing markets on a second-by-second basis. For full-time, professional traders, this means assessing data on a continuous basis and responding accordingly. Forex signals are part of this data and they’re essential in the decision-making process, which means you need to get access to them as soon as they become available.

With unrivalled accessibility, nextmarkets ensures you can access the latest tips and Forex signals as soon as they’re released. Whether you prefer to use a dedicated app, email alerts or an RSS feed, you’ll receive fast Forex signals, so you can make the trades you need to, when you need to.

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Using a Forex signals glossary

Learning how the markets work can seem overwhelming at first but there’s plenty of help available. With new terminology and phrases to learn, a Forex signals glossary can certainly come in handy and all traders have access to these on the nextmarkets site. If you’re unfamiliar with the trading language, you may find it difficult to interpret Forex signals at first but it will soon become clear.

Our guide on Forex Trading for Beginners is an easy way to learn more about the market generally but it’s also helpful when it comes to picking up key terms and definitions. If you don’t know your base price from your Bollinger Bands, this is a great place to start.

What are Forex signal examples?

Forex trading signals UK can take many forms but currency exchange signals are often the most popular and the most useful type of online Forex signals. When you receive UK Forex signals, they may look something like this: BUY GBP/USD @ 1.2720, SL @ 1.2700, TP @ 1.2750

In the above Forex signal example, the author is suggesting that the recipient to buy GBP/USD at a price of 1.2720. In addition to this, the author is suggesting a stop-loss of 1.2700 or 20 pips as this helps to minimise potential losses. The final element of the Forex signal example refers to ‘TP’, or total profit. This is set higher than the suggested trade price and signifies when the author thinks the trader should take their profit and exit the trade. These signals are readily available via the nextmarkets app.

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Did you know?

Forex signals can:

  •  Tell you when the market changes
  • Give you trading suggestions
  • Help you minimise any potential losses

Forex trading signals terminology explained

Worried you need to learn a whole new language to trade in Forex? We can help! There is lots of Forex trading signals terminology to learn but it doesn’t take long to pick up the necessary phrases and jargon. Abbreviations are common in Forex signals as they cut down the amount of information which needs to be sent but these are often self-explanatory and don’t require years of experience in order to understand them.

With a whole host of definitions available on the nextmarkets website, you can decipher the terminology in seconds and obtain help and assistance whenever you need it. Don’t forget – we’re a platform for beginners as well as experienced traders so we have a wide range of jargon-free guides, starter’s tips and online advice.

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Deciphering Forex trading signals meaning

Each Forex signal will be different but determining the Forex trading signals meaning doesn’t need to be difficult, thanks to the nextmarkets online library. Some Forex signals may simply provide market information and notify you when a currency or currency pair reaches a certain price, such as: USD/JPY 110.220

Although this doesn’t contain a trade suggestion, the information is clear and concise, and it may have a huge impact on your subsequent trades. Alternatively, Forex trading signals may contain a trade suggestion based on the author’s analysis, such as an instruction to buy or sell at a particular price, such as: BUY EUR/USD @ 1.1440, SL @1.1420, TL @ 1.1480 Based on the examples above, do you know what this Forex signal means?

Online Forex signals defined

Once you’re familiar with how Forex trading works, it’s much easier to make sense of UK Forex signals and to act upon them on the nextmarkets platform. However, you’ll need online Forex signals defined before you start making any trades or you could risk losing a substantial sum of money.

If you want to practice using Forex signals or you’d like to learn more about Forex trading software, why not set up a Forex demo account now? With free notifications, CFD platform and 10,000 EUR in your nextmarkets demo account, it’s easy to learn how Forex signals work and how they can help you to develop your latest trading strategy.

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Making a profit with Forex trading signals on nextmarkets

Forex trading signals, along with a Forex calendar and Forex indicators, can help you to become a more successful trader. With suggestions from experienced brokers, you can start making successful trades straight away and you can also learn why professionals traders make the decisions they do thanks to the wealth of information available on nextmarkets.

If you want to become a full-time trader yourself or make some extra cash by investing in the market, Forex signals can help you to increase your returns in a short space of time. However, Forex signals are only suggestions and they don’t constitute investment advice. Choose trades based on your own investment portfolio, budget and strategy but do follow suggestions made via Forex signals if you think they will be beneficial to you.

Choosing a Forex broker and signals provider

When selecting a Forex broker, it’s important to do your research. As well as having a reliable trading platform, you’ll want your broker to provide accessibility, availability and functionality, as well as having an unblemished reputation. A Paypal Forex broker may offer the easiest way of depositing funds into your account, for example, so this may be something to look out for.

Alternatively, multilingual assistance or 24-hour help may be useful, so you should ensure your chosen online broker offers these facilities. If you’re looking for the best UK Forex broker and signals provider, sign up with nextmarkets now. Used by professional traders, you can trust us to handle your trades swiftly and securely.

Sign up with nextmarkets for Forex signals now

Whether you’re using a nextmarkets demo account or a full trading account, you can benefit from our Forex signals. Sign up for Forex signals now and you’ll have helpful tips and suggested delivered to your computer, laptop, tablet and/or mobile phone, so you’ll never have trouble keeping up with the market.

Why not incorporate Forex signals into your trading strategy and find out just how much your profitability could increase? With tips and trading suggestions from professional brokers, you may be surprised at just how much you could make. To find out more now or to start trading on the Forex market, sign up with nextmarkets today.

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