Every Forex trading signals system is unique and relies on a different analysis of the market but overall there are two main methods that guide the market experts who produce the signals. The first is a technical analysis of the market including all the past information about the price and trend that is available. The second is based on current events and the analysis of how they might affect the price action over short and long periods of time.

Some signal forex systems are based on an automated computer analysis of the market. An experienced trader teaches the automated system to react to different events and the system produces the signals on its own. A major upside of this kind of system is that it excludes the negative effects of human psychology which might affect a human’s judgment and cause him to make a wrong decision. The downside is, of course, the loss of actual human judgment and the inflexibility of a computer system.

Forex signals are online trading alerts that provide the latest market information about trading opportunities on major foreign currency pairs. Our signals service allows you to follow and copy the trading actions taken by PriceWave Forex’ top-performing analysts. Our analysts use a wide range of tools, indicators, techniques, and trading strategies in order to get the best possible results. Some of these indicators include support and resistance levels, moving averages, candlestick patterns, etc. while other trading strategies include hedging, arbitrage, trading the news, price action and market sentiment, and trading the central banks, etc.

In addition to shorter duration forex signals that offer ideas with intraday timelines, PriceWave Forex offers medium-long term trading signals for traders looking to tide over volatility and place longer trades. The longer-term trade ideas can last up to a couple of weeks and offer a more in-depth analysis of the price action on a particular currency pair, commodity, and cryptocurrency.

With a longer duration, the scope of earning profits also increases – when it comes to long-term forex signals, traders can generate up to hundreds or even thousands of pips with a single trade idea. In comparison, the shorter-term signals offer trade ideas that last anywhere between a few minutes to a couple of days, and offer pips in the range of 15 to 50. The long-term forex signals are exclusively available to our premium members, giving them the opportunity to rake in higher profits with careful and more detailed analysis. However, keep in mind that while long-term signals offer an opportunity for higher profits, they come with the possibility of higher risk and may not be suitable for traders who prefer smaller levels of exposure.