Trade Share CFDs for your favourite companies and 50+ U.S. stocks. Click here.
Refer a friend
Title Icon


Have a basic understanding of Forex, but not sure how to
level up? We have got you covered.

How to Find The Best Forex Trading Signals

Forex trading signals are important market triggers that provide traders with ideal entry and exit price levels in the market. They can help beginner traders place successful orders all the while minimising risk. In our article, we take an in-depth look into forex signals and how you can find the best ones.

What are forex signals?

A forex trade signal is a financial recommendation provided by market experts/analysts or automated systems. They help traders with buy and sell triggers in the market to enter or exit the trade at the right time. Signals are ascertained after analysing the currency pair’s historical price movements. Trading signals are like forex alerts that inform you whether you should short or long a trade based on different timeframes, prices and market conditions. However, trading signals do not mandate taking an order based on the signal. Traders can decide on their own if they want to follow the trading signal or not.

Types of forex signals

Manual signals

Manual signals are provided by a market analyst or an expert trader who monitors the market on a regular basis to generate trading signals that can help beginner traders open ideal entry or exit positions.

Automated signals

Automated signals are generated by a software system or computer that analyses the historical price movements of a currency pair based on coded algorithms. Since automated signals are generated by a computer algorithm, there are no emotions involved in the decisions and it's purely based on market data and analytics.

Free signals

Free trading signals are offered by trading signal providers free of charge. These are mostly basic signals or some signals provided in a limited trial period.

Paid signals

Paid signals are offered by signal providers for a specific amount of money. They are either charged on a one-time fee basis or a subscription model. But since these are paid, they are often more useful and advanced than free signals.

Indicator signals

Indicator based signals are provided for particular forex indicators like the Relative Strength Index, Fibonacci, and Bollinger Bands.

Copy-trading signals

Copy-trading signals include the signal provider sharing their exact trades in real-time. You can automatically place similar orders by copying the trade that the signal provider has shared with the help of a copy trading platform.

Moving average signals

Moving averages can be used to filter out noise (minor price fluctuation) from the forex chart. Traders use the MA signals to share the trend that is currently existing in the market for you to place trading orders accordingly.

Who provides forex signals?


Affiliates or groups of traders are several signal providers combined together who give free forex signals after you sign up with them. You create an account with the forex broker by using the affiliate link and receive trading signals on a daily basis thereafter, at no additional cost. These affiliates or traders make a commission based on all the trades you make.

Individual traders

Many individual traders who have years of experience in the forex market wish to enhance their market reputation by sharing their trading knowledge with everybody else. Such traders aim to support fellow traders and help beginners in their trading journey. Most traders share live forex signals for free on several platforms, forums and social media accounts. They analyse the market beforehand and provide their audience with appropriate signals that can be used for trading.

Expert Advisors

Expert advisors are the automatic signal providers that provide signals on the basis of robust technical analysis. These signals take into consideration the combined historical and future forecasted price movements and can also include fundamental analysis if that suits your trading style. All you have to do is find a platform that offers expert advisors tool and customise it as per your specific signal trading requirements. Thereafter, the tool generates trading signals that suit your trading style in the best way possible.

How to use forex signals?

  • The first step in using a forex signal is to first choose a reliable signal provider that uses trustworthy platforms to provide close to accurate signals.
  • Conduct market research to choose the reliable forex signal provider that has a high reputation and strong past performance in the market.
  • Before finalising the forex signal provider, understand the trading strategies they use.
  • If you are relying on an automated trading signals providing platform, backtest the signals provided by the software to see how the signals performed in different market conditions.
  • Use the customisation feature to adjust your trading requirement based on which you receive your trading signals aligning with your trading objectives.
  • Log into your account on the signal provider’s platform.
  • Once you receive a trading signal, make sure that you use it on time since signals are time-sensitive and only work if applied as soon as you receive them.
  • Open the trade according to the data shared by the signal provider and wait for it to close and reap results

How to find the best forex signals?

Finding the best forex signal contributes to making a successful trade. The more accurate your forex signal is, the higher the chance of your trading profitability. Here are the things you need to consider to find the best forex signal –

Track record

Look at the track record of your forex signal provider to see how they have performed in the past and if their trading signals reaped positive results. Verify the performance and track record of the forex signal provider from a third party to ensure legitimacy.


Always compare more than two forex trading signal providers as you start searching for one. Never stick to the first trading signal provider you come across, as that might lead you towards making an under-analysed decision. Choose the forex signal provider that suits your trading style the best.

Time zone

Before choosing the ideal forex trading provider, consider the time zone they are working in. Choose the signal provider that is working in your time zone or close to it so that you receive signals when you are awake and trading.

Free trials

Most trading signal providers offer a free trial account. Sign up for the free forex trading with signals trial period to see how the platform works, the quality of services provided and if it suits your trading style.


Choose a full package provided by the signal provider that covers everything from the entry signal to stop-loss signals. The signal provider must provide you with a proper market analysis and free forex charts so you can confirm the market signals before finally placing an order.

Long-term vs short-term signals

Signal providers that give long-term and short-term signals are different, and you need to clarify beforehand if you are looking to receive short-term signals on a daily basis (day trading signals) or long term-signals on a monthly or yearly basis.

Additional services

Choosing the signal provider that offers additional services adds more value to your trading setup. This is because educational services add up to the trading signal’s quality and help you place more successful orders.

Top forex signals that you can use

Long/buy signals

The entry/buy signals for forex trading indicate the ideal time to enter the market or place a long/buy order for a currency pair. When the value of a currency pair rises, the trading signal provides traders with a price level at which that currency pair is worth buying over the others in the market. Trading forex signals indicate a buy signal when the analysts believe that the currency pair prices will increase in the future, and a strong buy signal is provided when analysts expect the currency pair to outperform the market dramatically.

Short/sell signals

The exit/sell signal indicates the ideal time to exit the market or place a short/sell order for a currency pair. When the value of a currency pair falls, the trading signal provides traders with a price level at which that currency pair is worth selling over the other in the market. Trading signals indicate a sell signal when the analysts believe that the currency is performing poorly and will continue falling, and a strong sell signal is provided when analysts expect the currency pair to take a dramatic downturn.

Momentum signals

Economic shifts and the market momentum that follows affect every financial market, including the forex market. A forex momentum refers to a sharp short-term incline or decline in the currency pair’s exchange rate. Momentum signals provide traders with an indication of the market’s trend and help traders place orders accordingly. These signals are derived from a currency’s buying strength, which means that if the demand for a currency is high in the market (strong strength), it indicates an uptrend momentum, and if the demand is low (weak strength), it indicates a downtrend momentum.

Volume signals

Trading volumes refer to the total quantity of a currency pair being traded in the forex market. When a currency pair is pulled heavily in one direction, it creates a volume-based signal. Volume signals do not directly provide an exit or entry trigger but help you analyse the overall market’s direction, based on which you can place your trading order. When there is an increasing volume signal, it is a bullish indication, and when there is a declining volume signal, it is a bearish indication.

Should I use forex signals in trading?

Yes, you can use forex signals in trading if you choose a reliable trading signal provider. All profits you gain after applying a trading signal are yours, but all the losses incurred are also to be borne by you, individually. Forex signal providers do not take responsibility for your losses; hence, it is an inherent risk. However, if you analyse the market yourself as well and do not just blindly trust the forex signal providers, you can place successful orders. It is recommended to backtest the accuracy of the signals provided by the trading signal providers before you actually start trading and check their performance results.

Final words

If you believe that the trading signal providers are able to provide legitimate signals, you can move forward and trade according to their signals. If you ever feel that the signal provider is not able to monitor the markets properly and have started providing false signals, it is recommended that you stop trading according to their signals for some time and look for an alternative. Blueberry Market’s forex trading platform allows you to kick start your trading journey with access to advanced tools, seamless interface, quick withdrawals and even a free demo account. Sign up for a live trading account or try a risk-free demo account.

Recommended Topics

  • How to Trade Bullish and Bearish Divergences

    Bullish and bearish divergences enable you to trade market reversals.

  • Top Support and Resistance Indicators

    Support and Resistance indicators identify price points on the forex chart where the markets can potentially reverse.

  • What is The Donchian Channel Indicator

    The Donchian Channel indicator can determine volatility and potential breakout signals in the market.

  • How to Install MT4: A Beginner's Guide

    MetaTrader 4 (MT4) is a powerful forex trading platform with a user-friendly interface and advanced analytical tools for automating trading.

  • What are Trendlines in Forex Trading?

    Trendlines in forex provide clear market signals for placing long or short orders.

  • Market Order vs Limit Order

    Market and Limit orders help execute automatic trading transactions, as per your trading preferences.

  • Bearish and Bullish Markets

    In the trading world, it is essential to be aware of the bull and bear market trends because they define the direction of the market

  • How to Read Trading Charts

    Trading forex live charts can help identify ongoing market trends, which can help you place successful traders.

  • Top Reversal Patterns For Forex Trading

    Reversal patterns provide traders with price levels at which the market can potentially reverse.

  • Top Forex Trading Strategies That Actually Work

    Trading in forex, you will come across several forex trading strategies -- some more complex than the others. It is immensely crucial to start forex trading with the right strategy.

  • Scalping vs Swing Trading: What’s the Difference?

    Every forex trader has a different purpose, objective, time constraints, and investment capital. The right forex trading style for you depends on your main trading goals and requirements.

  • What are Volume Indicators

    Volume in the forex market can be used to determine the upcoming market trends. Volume indicators are forex trading indicators that can identify if the volume for a particular currency pair is high or low, providing traders with market continuation and reversal signals

  • Shooting Star Candlestick Pattern

    The Shooting Star Candlestick Pattern can identify bearish market reversals and provide traders with ideal price levels to short or exit the trade.

  • Top Trading Chart Patterns

    Predicting future currency pair prices help in confirming market continuation and reversal signals.

  • What is Slippage in Forex Trading?

    Slippages occur when a currency pair order is executed at a price different from the set market order price.

  • Buy limit vs Sell Stop Orders in Forex

    Placing buy limit and sell stop orders help employ a price control strategy on forex trades. Let's take a look at buy limit vs sell stop orders.

  • The Best Time Frame For Forex Trading

    A time frame is a designated time period where forex trading takes place. Time frames can be measured in minutes, hours, days, weeks, months and years.

  • Top Technical Indicators in Forex

    Technical indicators are a market direction signal based on the current and historical price movement of a currency pair that provides traders with future price expectations

  • Top Continuation Patterns

    A continuation pattern indicates if the current market trend is going to continue in the same direction or not

  • How to Ace Divergence Trading in Forex

    The forex market is all about timing your trades well. Divergences give traders a market reversal signal right before a price trend changes

  • How To Trade Forex With Japanese Candlesticks?

    A Japanese Candlestick is a technical analysis tool used to analyze the currency pair’s price movement in the forex market.

  • Top Momentum Indicators To Analyse Trend Strength

    Momentum indicators are technical analysis tools that determine in which direction the market is headed and how strong or weak the ongoing trend is

  • Types of Moving Averages Every Trader Should Know

    Moving Average is a technical indicator which averages out currency pair prices in a specific time period in order to accurately identify market trend reversals and support-resistance levels.

  • 8 Popular Intraday Trading Indicators

    Intraday Trading Indicators help place successful short-term trade orders in the forex market.

  • What is the Tweezer Candlestick Formation?

    The Tweezer Candlestick formation is a reversal pattern that indicates either a market top (strong uptrend) or market bottom (strong downtrend)

  • Average Directional Index

    The ADX is a strength indicator that measures how strong or weak a particular market trend is.

  • How to Use Elliott Wave Theory For Forex Trading?

    The Elliott Wave Theory analyses a currency pair’s long-term price movement in the forex market.

  • What are Pivot Points in Forex

    Pivot Points help traders identify market reversals. With Pivot Points, traders can predict the support and resistance levels of a currency pair to make entry and exit decisions.

  • Keltner Channel

    Keltner Channel is a technical indicator that provides traders with strong continuation signals and trend directions by assessing a currency pair's price volatility.

  • Leading vs Lagging Indicators

    Leading and lagging indicators help traders measure the future and current performance of a currency pair, respectively. These indicators can help make successful trading decisions.

  • What is Relative Strength Index?

    Relative Strength Index (RSI) helps traders understand how frequently the currency pair prices change in the forex market to predict the future market prices.

  • Wide Ranging Bars

    Wide Ranging Bars are strong momentum indicators that help traders understand the market direction and identify ideal entry and exit points.

  • Harmonic Price Patterns in Forex

    Harmonic Price Patterns allow traders to predict future price movements and trend reversals to make ideal entry and exit decisions in the Forex market.

  • Double tops and bottoms

    Double Tops and Double Bottoms chart patterns help traders identify solid bullish and bearish trend reversals in the Forex market, and in turn, find the ideal market entry and exit points.

  • Falling and Rising Wedges

    When you are trading currency pairs in the Forex market, it is essential to know when the market can possibly reverse. The Falling and Rising Wedges pattern help identify market reversal signals and accurate market entry and exit points.

  • Forex Scalping Strategy

    Scalping refers to trading currency pairs in the Forex market based on real-time analysis. With Forex scalping, you hold a position for a very short period and close once you see a profit opportunity.

  • Symmetrical Triangle Pattern

    Symmetrical Triangle Patterns help identify market breakdowns (price fall) and breakouts (price rise), and in turn, help you plot the entry and exit prices for profitable Forex trading.

  • Introduction to Technical Analysis in Forex

    Technical analysis in Forex trading provides you with significant market trends, reversals and fluctuations and in turn helps you long and short term trades.

  • Trading breakouts and fakeouts

    Breakout and fakeout trading enable traders to take positions in rising and falling markets.

  • Fundamental Analysis in Forex Trading Explained

    Fundamental analysis in Forex trading is one of the several methods you can use to determine the relative security and intrinsic value of a nation’s currency.

  • 8 Top Commodity Trading Strategies

    Commodity trading is one of the best ways to diversify your portfolio and protect yourself from losses incurred due to inflation.

  • What is a Doji Candlestick?

    The Doji Candlestick is a pattern used in technical analyses of trend reversals in a market.

  • Moving Average: The Complete Guide

    Moving Average is used in Forex trading to compare the current currency pair pricing and where it stands with respect to the current average pair prices.

  • What is Volatility Index (VIX) and How Do You Trade It?

    One of the most popular trading markets in the world, the foreign exchange market allows investors to make quick money by trading currencies.

  • Forex Profit Calculator

    On average, a Forex trader can make anywhere between 5 to 15% of the initial amount they invested in the market.

  • Understanding markets gaps and slippage

    The foreign exchange rate reveals valuable details about particular currencies a trader wishes to trade-in.

  • What is a pip in forex?

    When trading in the Forex market, you need to have a close eye on two currencies at the same time. PIP helps you denote the change in a currency pair’s value.

  • Introduction to order types

    Order types in Forex trading determine and control how you enter and exit the market.

  • Using orders to manage risk

    Forex risk management includes a robust set of rules and regulations that protect you against Forex's negative impacts.

  • Managing risk in 7 steps

    Risk management in Forex is essential to individuals, groups of individuals, and organizations since it enables them to implement measures that help mitigate Forex risk and its negative impact.

  • Bullish and Bearish Flag Patterns

    Blueberry Markets discusses why it is essential to study the bullish and bearish flag patterns in Forex. Learn more.

Learn Icon


Master risk management and
become an expert forex trader.
Move on to the advanced course.

Guide to Forex
Trading indicators.

Enter your details to get a copy of our
free eBook

Thank you, please check your inbox for your ebook.

Ads BG

Start a risk free
demo account

News & Analysis

Catch up on what you might
have missed in the market.

Runner graphic

Ready to trade at
Blueberry Markets?

Your best trading experience
is a click away