Free Trading Signals from Xosignals
Forex and crypto trading can be extremely profitable. In both cases, you will be working with a large international market, and you will be able to trade at any time of the day or night.
Unlike the stock market, these ones do not close at any time. You will also appreciate the low transaction fees charged in these investments. In this guide, we will give you a trading signals overview.
What is a Trading Signal?
When trading forex and crypto, you have to follow trading signals. These are alerts sent by investors or software such as Xosignals, and they let you know which trades you should make in order to make profits.
Once you subscribe to our service, we will send you timely signals letting you know that you should take advantage of specific trading opportunities.
How Do Traders Get Signals?
Forex signals and crypto signals have to be sent in a timely fashion, and this is because time is a crucial aspect of trading.
The signals provider will usually be able to send the information via text message, email, or push notifications. Providers like XOsignals will even allow you to download a mobile app, which will allow you to get the signals directly on your phone.
This provider also sends signals on its website. When you subscribe to the signals service, you should ask the provider how they intend to send you the information. You can then pick the most convenient option.
Trading Signals in Metatrader 4
MetaTrader4, commonly referred to as MT4, is a popular trading service, and it is commonly used by online retail forex traders.
You can receive trading signals on this platform. The signals here can be applied automatically, and they simply follow the actions of specific traders.
For example, if a successful trader exchanges the USD for the EUR, the platform will perform the same trade on your account. Still, on the interface, you will be able to see advanced technical analysis, which you can use to make your own trading decisions.
Is MetaTrader4 Recommended?
Yes, MetaTrader4 is an excellent choice, especially for beginners. If you are an experienced trader, you can also use the platform as it will give you access to a large amount of essential data.
The design of the application is also user-friendly, which means all types of investors can use it.
The only issue you have to note is that the execution speed is not that high, and that makes it unsuitable for high-volume trading.
Can I Use Trading Signals in the Stock Market?
Yes, trade signals are not just meant for forex and cryptocurrencies. You can also use them in the stock market.
Stock signals are not just meant for novice traders as they can provide excellent insight even to experienced traders. With them, you can be certain that you will never miss a good trading opportunity.
When you get stock signals, you will be advised on the limit price, the stop loss, and the take-profit prices. The provider of the signals will also recommend that you either go long or short.
Can You Make Profits While Relying on Trading Signals?
Yes, you can make profits using trading signals. Trading signals are generally meant to be a guide so that you don’t miss out on good trades of the day.
They are usually generated by software, but sometimes, human beings can run analyses manually. When you get the signal, you should make an effort to run your own research so that you verify the risk involved in the trade.
If you are a novice, you can use these signals to develop your own trading strategies.
Understanding Trading Signals Terminologies
In order to use forex trading signals properly, you should familiarize yourself with forex trading terminologies. Here are some essential terminologies you should learn:
- Base currency
- Bid price
- Ask price
- Buy limit
- Buy stop order
You should also understand the abbreviations of major world currencies. You don’t need to learn everything in a single day; some terms will become clearer over time.
Are Trading Signals Worth It?
The bottom line is; are these signals worth it? This entirely depends on where you’re getting your signals from.
Many providers of trading signals don’t have the required credentials, so it can be hard to believe that they know anything about trading. However, if you use Xosignals, a company that was founded by big data specialists and passionate mathematicians, you can be certain that you are getting useful information.
In most cases, the trading signals are generated by machines and should be used as a guide.
Why XOSignals is the Best Trading Signals Provider
Xosignals is considered the best trading signals provider on the internet, and it is currently used by more than a million traders. Here are some reasons for the success of XOSignals:
- The company was founded by mathematicians and big data analysts, and they are able to make accurate predictions regarding the market.
- The service has a beginner-friendly user interface.
- Since trading signals need to be accessed in good time, this company has created a mobile app that will give you alerts even when you are on the move.
For a start, you can use Xosignals for free, but there is a paid plan that offers better features. It is worth noting that users of XOsignals have reported a very high win rate with the signals.
Security on the Xosignals Site and App
All trading signals services must offer security features since they will require you to add sensitive personal details.
The Xosignals platform prevents hackers from accessing your data by using advanced SSL encryption technology. This is the same level of encryption that is used by major financial institutions, so you shouldn’t expect hackers to gain access to your information.
If you choose to download the app, make sure you run all the updates available. This way, you will stay on top of all new security threats.
Free vs VIP Plans on XOSignals
On the XOSignals platform, you can either use the free version or the VIP plan. It is advisable to start with the free plan, and once you understand the features, you should upgrade to the VIP plan. The free version will give you access to features such as:
- The leaderboards
- The live feeds
- The dashboard
- The win ratio
The VIP option offers extra features like the trading objectives review, long-term strategies, free telegram signals, dedicated relationship managers, and daily market signals.
You have to pay a monthly fee in order to use the VIP version of XOSignals, but you can lower the fees by paying for longer periods. The features of Xosignals are constantly being improved.
Understand the Drivers of Markets
After getting an introduction to trading signals, you should understand the drivers of the markets. One of the key drivers of the market is fear and greed, and this has to be accounted for in forex signals and stock signals.
Generally, people will respond to financial news by either buying assets out of greed or selling the same assets out of fear. These actions will affect the prices of the assets.
The behaviour of market movers such as big banks and financial institutions can also drive the market in specific directions.
Chart the Indexes
As a trader, you should also chart indexes so that you evaluate the long-term trends in certain markets. For example, whenever paper money seems to be going down in value, investors seem to move to commodities such as gold.
By charting the indexes, you will be able to determine whether you should pull out of the market in the short term, or if you should hold on to your investments for the long term.
Simply, charting indexes allows you to compare the current prices of specific commodities or assets to their average prices over a specific period.
Exercise Patience and Discipline
The advantage of trading signals from Xosignals is that they allow you to time the market with a higher level of accuracy.
Although it is important to run your own analysis of the markets, you are likely to make irrational decisions that are based on fear or greed. In such cases, your mind may end up ignoring some important factors, and you may lose out on excellent profits.
To avoid this, you should exercise patience and discipline.
All members of Xosignals can access the leaderboard, and this is simply a list of the most successful traders on the platform.
Through the leaderboard, you will be able to see how various traders deal with specific market conditions. You can also see the actions they decide to take when they receive certain trading signals.
Following the top traders on the leaderboard will help you improve your trading strategy.
On Xosignals, you will also be able to view the live feeds in forex, stocks, and crypto. Under the forex live feeds, you will be able to see the real-time changes in the prices of lots of currency pairs, including the USDCAD, NZDUSD, and GBPUSD.
You will also be able to open the charts and view the changes in the prices of the currency pairs. The live feed also allows you to track changes in the prices of various cryptocurrencies, including BTC, ETH, Ripple, and Cardano.
Under the live feeds, you will be able to open trading signals, and these will advise your trading strategy.
Moving averages are used to generate trading signals. This is a technical analysis tool that helps to smooth out the price of certain assets by developing a constantly updated average price.
As a trader, you can choose the period in which you want to get the average price, and this could be ten days or even a given number of weeks or months.
With moving averages, you will be able to filter out the short-term fluctuations in price. While moving averages can be extremely useful on their own, many traders use them to generate extra statistics such as the moving averages convergence divergence.
This is another important factor that is considered when generating trading signals. It measures the amount of a given financial asset that is traded in a given time.
For example, in the stock market, the volume would refer to the number of shares that have been moved from one account to another in a given period. The prices of the assets can either rise or fall with increasing volume.
If the price falls, you should interpret this as showing that the market is weak and unhealthy. If the market reaches new highs on decreasing volumes, it is likely that a reversal may be about to take shape.
In almost all countries in the world, interest rates are set by the central banks, and they are designed to control economic trends.
As a forex trader, you will need to keep track of the interest rates in different countries. Since that can be hard to do, you should follow the guidelines offered in the trading signals.
Countries with higher interest rates are generally more profitable for investors as they increase the value of the country’s currency.
Sign Up Today on Xosignals
You can create an account on Xosignals for free today to find the best forex signals for 2021. If you already have an account on the platform, you should upgrade it to a VIP account and enjoy extra features.
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