What is a trading signal called Trading Signal?

Forex signals are information that allow us to determine which instrument at any given time is worthy of interest and on which we should trade. Signals are generated by both humans and computers, depending on the type of service.

Signals are often offered by companies that mainly try to make money from providing such information. It is very difficult to verify the quality of such signals, which makes using them a high risk.

However, signals are also provided for free, such as by investment bank analysts or brokers.

We can also consider macroeconomic data or geopolitical events as trading signals.

We can divide the signals into:

• Market signals – the first type of signals, which are called basic macroeconomic indicators, based on the macroeconomic calendar and variables that allow you to change currency quotes. Decisive action can allow you to read the data and benefit from the use of macro data.
• Trading signals – technical signals that are based primarily on fundamentals related to technical analysis. They are usually generated through a trading system, which is based on reading various technical formations and using various indicators used in technical analysis for this purpose.