All of these free Forex signals are based on price action, price structure and can result in trading opportunities. These Forex signals are based on technical analysis.
Please check my special message below the signals.
You will notice that I provide my signals in a different way from others. Most signal providers just give you entry and exit prices without showing you the thinking behind the trade. I show you my thinking behind a particular setup and this helps you grow as a trader so that you can become self-sufficient.
These signals allow you to be proactive in the market. You do not use any lagging indicator but you will be waiting for signals to occur around these areas. You will be looking for such signals as reversal candles or chart patterns. Be careful, wait for price to confirm do not jump the gun and always practice good money management.
While some of you may choose to scalp or day trade the foreign exchange market with these free signals, please note they are designed for a swing trading approach.
Please be fully aware of your overall “risk appetite” when it comes to your trading account and your Forex broker margin rules. If you want a broker with low spreads you can check out this [eafl id=”173″ name=”Hotforex Link” text=”one here”].
If you are new here I suggest you read how to trade the free currency trading signals
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You can read about trading flags and pennants here.
Special message: The market tends to get into ‘holiday mood’ around this time of the year. There is low volatility as there are very few traders. The best way is to keep on the sidelines as well and continue in the new year.
Use this time to expand your forex knowledge and improve yourself as a trader. I will probably post my last signals tomorrow.
In the mean time I would like to hear from you on any thoughts and suggestions you may have for this website. If you think I can make it better in any way please get in touch using the form below. You can also suggest topics I can write on.
I will reply all of you. Please do not forget to share these signals with your friends so the community can grow. Thank you & happy holidays!