Trading Signals |
signals are price action that set off market entry/exit or any type of intra-trade adjustment. The trading signals provide a clear-cut script for trades typically based on technical indicators.
Since the forex trading signal is based on a specific chart interval, watching that chart becomes a practice the trader uses for market entry. The trader may even use signals based on more than one interval to create an entry signal.
After a trade is identified via the entry signal, the trader concentrates on the exit plan. The trader has the option of fixed stops, trailing stops, limit exits, or signals to exit the trade.
You can use a forex trading signal to enter a trade in an attempt to capture a reversal. This turning point is an excellent signal for entry and can also be an excellent signal for exit of the short trade.
The signals can be conservative if needed, but exit signals will usually capture the "real" move better than limit exits.
What signals should you use? Every forex trading signal characterizes a unique aspect of the market.
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