We want to make it official: we at ForexOfficials hate spam - something we receive regardless of whether or not we need this information. When you get something like that it's a bad signal, a useless signal.
The Forex signal, however, is a good signal. It’s a signal the trader receives from his or her trading platform or a Brokerage house regarding changes in the market. Having or not having that information can make or break your day.
What does a Forex signal look like? Well, it’s an e-mail (or a PM, rarely a phone call) that may consist of just a subject line. If you’re trading actively, you may be receiving dozens of those a day. The e-mail will let you know that a certain pair you’re betting on, say, EUR/USD, is moving in a certain direction.
It’s not humanly possible to monitor even a single pair at all times, so the bots and advanced software do this mundane work for you.
The signal is going to contain the timeframe, in which you need to react to the pair’s movement. Usually, it’s only a few minutes, no more than an hour. The reason being, is that markets change really fast and if you don’t act on the information instantly, a few minutes later it becomes simply useless. That’s why it’s better to have instant access to all your trading accounts via mobile apps. Here is our review of the 7 best mobile trading apps. Perhaps, you had a chance to work with any of them or know of a better one, in that case we’d appreciate if you’d let us know in the comments section.