Forex trading signals that are generated by software that uses coded algorithms to analyze and track market price action are called Automated Forex Signals. This computer software is already coded by experienced and professional forex traders to generate trading instructions if certain set conditions and parameters are met. Automated signals provider uses technical analysis methods such as: Stochastics, Moving Averages, and Fibonacci levels to generate trading instructions.
You may choose to be served by manual forex trading signals, automatic trading signals, or both. Another thing you also need to know about forex signals is that, not all signals are free. Some providers may decide to offer free signals, while others will require payment before they provide you forex trading signals. The paid forex signals are either charged as one-time fee or periodic subscription model. A lot of people prefer to go for paid forex signals, because of the several benefits it provides.
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