At DailyForex, we’re out to prove that free Forex signals can be just as trustworthy as expensive signal subscriptions. Our reliable Forex signals will provide you with expert advice about when to buy and sell the major currency pairs without costing you a penny. If you’re looking for daily signals, we recommend that you peruse our Forex trading signals reviews for a look at some of the best professional signals providers. Looking for technical analysis of other currency pairs? Check out our daily Forex technical analysis. What are Forex trading signals?
But if this is your first time using trading signals or you need reliable Forex signals only a few times a week, try our free Forex signals – we look forward to helping you trade successfully!
Forex trading signals are alerts telling the recipient to consider entering a trade, either at the market price or by a stop or limit order at another price. Profit targets and later updates about the trade are usually also given. Forex trading signals are a service used by traders who want precise tips on the market and can even be automated so the signal provider is effectively managing their account.
Are Forex signals legit?
Forex signals can be legit, but as in all aspects of retail finance, there are many signal providers who provide poor quality, unprofitable signals. Fake performance records are often presented. Legit Forex signals can be identified by verified and realistic profitable track records, which show several losing trades as well as winners.
How do Forex signals work?
There are different types of Forex signals, but usually Forex signals work by telling you at what price to enter a long or short trade in some asset, and at what price to put a stop loss and to take profit. The idea is that by following them, you will make profitable trades by following someone else’s instructions.
How to read Forex signals?
Forex signals usually tell you what to trade, whether to trade long or short, at what price you should enter the trade with a market, stop, or limit order, a stop loss price, and a take profit price. Usually, Forex signals are quite easy to read because they will spell these prices out very clearly.
How to use Forex signals?
Forex signals can be used mindlessly, just by following them. Forex signals do not usually tell you how much to risk per trade as a rule, so that is something that you will have to decide. Forex signals can be used more intelligently as an educational tool, by analysing each signal and trying to decide why the signal provider gave the signal. Alternatively, the user can forecast at the beginning whether the trade will be a winner or a loser, and review afterwards how accurate their forecasts are over a larger number of signals trades.
Are trade signals worth it?
If trade signals are purchased with the intention of following them to make money, they are only worth it if the cost of the trade signals is considerably less than the average profit generated by following the signals. In most cases, trade signals are not worth it.
Are Forex signals profitable?
Forex signals can be profitable, but most Forex signals services are not profitable. This is because it is easy to make money selling signals even if they are poor quality, and there are many unethical businesses doing so. If the signal provider can show a long-term profitable verified record, they are more likely to be profitable.
How do I get free Forex signals?
Free Forex signals can be found daily on this page, and from many other sources on the internet by a simple internet search of the phrase.
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EuroStoxx Forex Signal: Pressuring Major Indicator
EuroStoxx Forex Signal: Pressuring Major Indicator
In my daily analysis of global indices, the EuroStoxx 50 looks very interesting, as it has pressured the 50-Day EMA above.
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GBP/AUD Forex Signal: Pound Pulls Back Against Aussie After GDP
GBP/AUD Forex Signal: Pound Pulls Back Against Aussie After GDP
The GBP/AUD pair stands out as we have seen such a “brick wall” form of the 1.97 level.
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GBP/USD Forex Signal: Retests Key Support, More Gains Likely
GBP/USD Forex Signal: Retests Key Support, More Gains Likely
The GBP/USD price continued its downtrend after the UK published weak economic numbers, pointing to more Bank of England (BoE) interest rate cuts.
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EUR/USD Forex Signal: Limited Volatility Expected Ahead of ECB Decision
EUR/USD Forex Signal: Limited Volatility Expected Ahead of ECB Decision Editor's Choice
The EUR/USD currency pair was flat after the encouraging US consumer inflation data and ahead of the upcoming European Central Bank (ECB) interest rate decision.
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BTC/USD Forex Signal: Needs to Flip 200 EMA to Avoid Death Cross
BTC/USD Forex Signal: Needs to Flip 200 EMA to Avoid Death Cross
The BTC/USD pair remained in a tight range as the financial market reacted to the latest consumer inflation data.
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AUD/USD Forex Signal: Bullish Stock Market Moves Boost Aussie
AUD/USD Forex Signal: Bullish Stock Market Moves Boost Aussie
Although higher than expected US inflation data yesterday helped push the US Dollar up, the Australian Dollar continues to make strong gains against all other currencies as its role as a risk-on asset makes it attractive now.
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USD/MYR Forex Signal: US Dollar Continues to Chop Back and Forth Against the Ringgit
USD/MYR Forex Signal: US Dollar Continues to Chop Back and Forth Against the Ringgit
The USD/MYR currency pair stands out as we continue to consolidate in bang around in what looks like a bit of a symmetrical triangle.
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BTC/USD Forex Signal: $55,724 Looks Pivotal Today
BTC/USD Forex Signal: $55,724 Looks Pivotal Today
Bitcoin has been weakening as a risk-on asset in the current risk-off environment, but the price will likely be affected later by the release of US CPI data.
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GBP/USD Forex Signal: Break and Retest Points to More Upside
GBP/USD Forex Signal: Break and Retest Points to More Upside
The GBP/USD currency pair dropped to an important support level after the mixed UK jobs numbers and as crude oil prices continued falling.
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EUR/USD Forex Signal: Set to Retest the 50 EMA Ahead of US Inflation Data
EUR/USD Forex Signal: Set to Retest the 50 EMA Ahead of US Inflation Data
The EUR/USD pair continued falling ahead of Thursday’s European Central Bank (ECB) decision.
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AUD/USD Forex Signal: Forecast Ahead of US Inflation Data
AUD/USD Forex Signal: Forecast Ahead of US Inflation Data
The AUD/USD pair retreated to its lowest point in two weeks even after the strong Chinese trade numbers.
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USD/PHP Forex Signal: US Dollar Rallies Against Philippine Peso
USD/PHP Forex Signal: US Dollar Rallies Against Philippine Peso
The US dollar against the Philippine peso has intention.
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GBP/USD Forex Signal: Nears Key Support as Bears Eye 1.3000
GBP/USD Forex Signal: Nears Key Support as Bears Eye 1.3000
The GBP/USD exchange rate retreated for the second consecutive day as the US dollar index (DXY) rebounded.
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BTC/USD Forex Signal: Bulls Target the 50 EMA Price at 59,800
BTC/USD Forex Signal: Bulls Target the 50 EMA Price at 59,800
Bitcoin price rose for the third consecutive day as risk assets rebounded.
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AUD/USD Forex Signal: Downtrend Gains Momentum as DXY Rebounds
AUD/USD Forex Signal: Downtrend Gains Momentum as DXY Rebounds
The AUD/USD pair retreated below the 50-day moving average as the US dollar index (DXY) made a strong comeback ahead of the US inflation data.
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