During trading in the foreign exchange market, for a unit of time, the trader can make dozens of deals, but no matter how experienced the player was, it is physically very difficult to trace all open transactions.
Therefore, in order to simplify and automate the work in the foreign exchange market, such a tool as a trading signal was invented.
These Tradex trading signals notify the trader about the possibility of selling or buying a currency, and also show a lot of useful information-which currency couple is more profitable for the transaction, at what price it is worth opening or closing the transaction, at what level it is worth placing an order of stop-loss or a tape -profit to get the best result.
Whatever important role the trading signals play, the trader should not follow unconditionally to all their instructions. They can only outlines the fidelity of the correctness of a particular path along which you are moving. And the decision on the opening of a particular position is completely on the trader. Which, in addition to trading signals, should not forget about aspects of fundamental and technical analysis.
A huge selection of trading signals is provided on the Internet, for a fairly low fee, they should not trust.
The trader implies trading signals as an alternative to trust management. However, in any case, when a currency market player concludes a deal, he relies on the experience of other traders or on a certain algorithm of software, and only in rare cases, before the opening of the transaction, does the market independently analyze the market. There are two main ways to trade in the foreign exchange market. The first – the market participant makes a fixed payment for the provision of a trading signal for a certain period of time, or redeems it completely, while independently carries out all transactions, relying on the recommendations of trading signals. The second – all transactions for the trader are carried out by a trading broker, and the trader only gives him part of his profit, in other words, this method of trade is also called trust management.
In the event that the trader independently makes the opening and closing of all transactions, he can not do without the help of trading signals, but their recommendations should never be perceived unambiguously. The movement of currency courses is not completely subordinated to the mathematical laws on which the work of trading signals is fully based, but also depends on the human factor, which must be taken into account during the transactions.