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Forex trading is the world's biggest form of exchange. Forex or FX is the brief term of forex exchange. The participants of the forex market try to buy a currency at the lowest price and sell it at a higher price, or sell a currency at one price and buy it at a lower price. In such a way they aim to make a profit on the price difference. To assess the benefit of the currency the traders utilize the technical analysis with forex indicators. Indicators are computations that consider the volume and price of a certain financial instrument into account. By utilizing forex indicators, traders can make decisions to enter the market or close the option.
The quality of indicators depends on the trading software. If you are searching for software with accurate indicators, try vfxAlert! vfxAlert provides forex trend indicators. This program was developed to fulfill all needs of modern traders. vfxAlert furnish you with various analytical tools that will help you to evaluate the profitability of trading signals and to estimate the market situation. Online graphs with different candlestick patterns will display the movement of the signal. Market trends will display the sentiment of bulls and bears. Heatmaps will allow you to assess the gainfulness of the signal at different timeframes. The economic calendar will show you the latest financial news. Watch the video about the vfxAlert and its instruments.
If the trader wants to receive the profit, he needs to understand how the signal appears. The signal is the bot with the suggestion of whether a trader should put or call. This bot behaves according to the predetermined algorithm. Remember, the signal it’s a suggestion, not the call to action! For profitable trading, there is necessary to act based on the approved methodology (trading strategy), and not on chance guesses. Also, you need to understand the structure of the signal.
Structure of signal
1. Asset — currency pair.
2. Price — price when a signal emerges.
3. Time — a time when a signal emerges.
4. Expiration — the time of the signal’s expiration.
5. Power — number of profitable options in the past with the current combination of indicators.
6. Signal — CALL or PUT options.
7. Algorithm — algorithm of signal generation.
8. Heatmap — statistical winning percentage calculated for the values of the technical indicator on different timeframes.
Read more about technical analysis and forex trend indicators.
Develop a trading strategy. If you want to save funds your actions should be well-thought-out and reasonable. Read our blog and find many good strategies.
Learn how to use the signals and signal power.
Connect vfxAlert with the telegram and receive the signals to your smartphone or tablet. Watch the video to know how to do it.
About automated trading as a streamlined and potentially more efficient trading method.
00In this article we tell you how Autotrade from vfxalert works and also give you a simple trading st
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Published on January 18, 2021
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