Forex Signal

A Forex signal is a suggestion or recommendation for entering a trade on a currency pair at a specific time and price. Forex signals are generated by professional traders, automated systems, or algorithms based on technical analysis, market sentiment, or economic news. These signals help traders make informed decisions by indicating optimal entry and exit points in the market. Forex signals can be delivered through various channels, including email, SMS, or trading platforms.

Example

A trader receives a Forex signal to buy GBP/USD at a specific level due to expected positive economic data from the UK, providing a clear entry point and target profit level.