Forex Signal Services Forex signal services offer investors the ability to trade the foreign-exchange market without their own analysis. Instead, investors can rely on professional advice from a currency trader. It is important to remember that forex signal services are not the same as managed accounts; managed accounts are traded by an active manager whereas forex signals are traded by the subscriber. Using Forex Signal Services Forex signal services usually offer their positions in a variety of mediums–some forex signal services broadcast messages through text message or email in order to get the position to the trader as quickly as possible, while others rely on customized pagers to broadcast the message immediately. In either case, timing is of the utmost importance. What’s in a Signal Forex signals will often be sent with an entry price, a stop loss, and a take profit. The numbers can then be analyzed by the end user before being acted upon. Usually, a signal service will cater to a certain currency pair, and a certain type of trading: * Day-trading * Swing trading * Long-term investing signals * Carry trade signals Cost of a Signal Service Signal services vary wildly. Some services may cost just a few dollars per month while others will run into the thousands of dollars. Typically, signal service providers will offer a trial period, where the trader can use the service for a period of weeks or months. In this time, if a signal service is attractive the the trader, he or she can subscribe for future updates for routine charge. Finding a Signal Service that Works for You Finding the right signal service is difficult, as you have to find one that fits within your budget, but also your allotted time to trade. With the foreign-exchange market being a 24/7 marketplace, many signal services may offer trades while you’re sleeping, which is of little benefit. If you work full-time, you may not have the time necessary to make use of a signal service. The full-time worker may be more interested in a signal service that finds long-term trades, where entry times and costs are not as important as in short term trading. http://better-forex.blogspot.com/