Forex signals fall into two categories:
2. Those created by human beings
The most worthwhile Forex signals are created by humans… real traders who are at the top of their game. Their knowledge will always supersede the signals created by computer automation.
No matter what system the program is modeled on, it is able to never be as good as an educated human brain. On the other hand, automated Forex signals tend to be more popular than those created from an investor’s mind.
They are cheaper to get and easier to understand. Unfortunately, automated systems don’t have the capacity to respond to the latest market changes. And even if programmers update their algorithms to meet the latest trends, there is still no guarantee that the model would be effective five years down the line.
Just because investors are facing with a recession today does not mean that things will be that way in the future. With that being said, if you want to acquire a decent Forex signal, you should not worry about automated data. Instead, you need to rely on the information created from human investors. The trader next evaluates the quality of human-generated signals based upon a number of criteria.
1. The signals in question should arrive in real time. An analyst must have access to data as soon as the events it reflects takes place. Someone who is following a real trader’s activities needs to know what the trader did just now, not an hour ago.
2. The service should include tutorials, forums, articles and webinars–an education, and not just bare signals. This kind of content helps novices learn why a trader took certain actions in particular was, and offers the opportunity to ask questions and perhaps even interact with other traders who are making use of the same signals.
3. Some traders want an AUTO trading option. This makes it possible to program the system to trade automatically on the signals received. Someone who pays for a forex signal subscription may need the capability to “flip a switch” at times and still get a return off their investment.