Forex Signal System
A set of analyses based on charting tools, technical analysis or news events that traders use to decide whether to buy or sell a currency pair. Systems can be manual, with the trader interpreting signals, or automated, with software taught to find and interpret them.
Related terms
Technical Analysis
Analysis of historical price and volume data to forecast future movements. Technical analysts use charts, patterns and indicators to identify trading opportunities.
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Synonymous with ‘black box’: systems that automatically buy and sell based on technical analysis or other quantitative algorithms.
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A rule-based structure created to govern trading activity, helping take guesswork out of the markets while encouraging traders to set risk parameters.
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Aggressive
A description of traders and/or price action acting with conviction.
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The simultaneous buying and selling of the same currency in different markets to profit from small price differences. The strategy exploits temporary inefficiencies in FX markets.
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An instruction given to a dealer to buy or sell at the best rate that can be obtained at a specific time.
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An instruction given to a dealer to buy or sell at a specific price or better.
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A third party coordinating the sale of financial securities between sellers and buyers. Exchanges only accept orders from their members, so traders and investors use brokers as intermediaries; brokers are compensated through commissions, fees or payment from the exchange.
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Traders who expect prices to rise and who may be holding long positions.
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