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What are Forex Trading Signals?

Forex trading signals help traders all over the world like a shortcut. Instead of going through what 95% of the traders go through, using trading signals traders get to mimic professional traders. Therefore, signals are one of the most important tools for Forex traders.

There are different types of forex signals:

• Copy-trading signals – where you don’t have to do anything, you will be the slave of the master account;
• Pop-up signals – where you have to accept or decline;
• Informative trading signals – where you are being explained why you are supposed to enter that trade;
• Fake signals with get-rich-quick offers;

Many “smart” failed traders will often try to sell signals for a fee. There are also some signals appearing free of charge but, these people often will have hidden agendas. But, there are few real free Forex signals out there too. What you need is the signal showing clear entry point, stop loss and take profit levels. If it has a further explanation, it is even better.