What are Forex signals?
Forex signals are an indication of when a foreign exchange trader should enter into a trade. In most cases, such as the Forex trades provided by JTrading, the entry point is given as a price. For example, on the 1st November 2011 at 7.30am JTrading, using the analysis that we apply to all our trades, placed an order to buy AUD/USD (Australian Dollar / US Dollar) if it reached 0595 and then sell it once it reaches 0650. We had a stop-loss on at 0495 so that if it fell below that point it would automatically sell.
This is an example of a Forex signal provided by JTrading and we are a private forex trading company who operate using a unique and complex trading strategy that allows us to analyse these trades and determine when to buy or sell a currency pair. There are many forex signal providers who let a computer program determine when to buy or sell but the problem with these forex signals is that they are unable to take into account the effects of news and events such as the Non-Farm Payrolls (see below) or the recent Eurozone crisis. This means you are exposed to a much higher degree of risk when trading.
As human, experienced traders using a very intelligent strategy that has had years of development to reach the point it is at now, the JTrading team work full-time analysing trades and taking into account all factors that may effect those trades to limit the risk and maximise potential profit.