Forex trading signals refer to signals from exchange market makers that indicate buying opportunities in the forex currency market. They are important for currency investors because, without these signals, investors would have no way of knowing when to invest in currency. The information about trading and the latest developments in the foreign exchange market are conveyed through Forex signals in much the same way as conventional signal services used on stock exchanges. They help investors in making the right decisions on currency trading.
Forex signal providers usually offer their services on a subscription basis and typically charge a minimum fee. In order to receive these services, investors have to subscribe to an account with the broker. Once an investor submits its subscription, the broker searches the databases for matching signals and alerts. If a match is found, it is sent to the subscriber, who notifies the trader.