What is a forex signal?
Published September 10, 2026 · All articles
A forex signal is a trade recommendation. It tells you: buy or sell this currency pair, open at this price, close for profit at this level, and cut the loss at that level. Nothing more, nothing less.
The five parts of every signal
- Pair - two currencies traded against each other, for example EUR/USD (euro vs US dollar) or XAU/USD (gold vs US dollar).
- Direction - BUY means you expect the first currency to rise. SELL means you expect it to fall.
- Entry price - the market price when the signal was generated. Open your trade near this price.
- Take profit (TP) - the target price. When price reaches it, the trade closes in profit automatically.
- Stop loss (SL) - the safety price. When price moves the wrong way and hits this level, the trade closes with a limited, manageable loss.
Who generates signals
Signals come from two sources. Human analysts review charts and news and send their view to subscribers. Algorithmic systems like SignalsTrades run a set of rules against live data every time you ask for a signal. Algorithms are faster and apply the same rules every time without emotion or fatigue.
What makes SignalsTrades different
Most signal services send only a direction and price. SignalsTrades shows every rule that fired and why, so you can judge the signal for yourself. The 13 rules include RSI, Fear and Greed sentiment, moving averages, session timing, news sentiment, economic calendar events, and more. All free, no login needed.
When not to follow a signal
- A major unexpected news event happened since the signal was generated.
- The current price is more than 15 pips away from the entry shown.
- The confidence score is below 65% and only 1-2 rules fired.
- You do not have a stop loss ready to set on your broker platform.
Signals are a starting point, not a guarantee. Use stop losses on every trade and never risk more than 1-2% of your account on a single position.
Do I need an account to use SignalsTrades?
No. SignalsTrades requires no registration, no email address, and no payment. Open the homepage, select a pair, and generate a signal immediately.
How is a signal different from a prediction?
A prediction says "EUR/USD will go up." A signal says "BUY EUR/USD at 1.0867, TP 1.0920, SL 1.0830." A signal gives you actionable numbers so you know exactly how to trade it and exactly how much you can lose if it is wrong.
Are all forex signals the same quality?
No. Quality varies widely. Look for signals that show their reasoning, include both TP and SL, use live data not yesterday's close, and have a transparent track record. A signal with no stop loss is incomplete and dangerous to follow.