When trading, of course we must know how the trading signals are happening at this time. These trading signals will be very useful to be able to help you in analyzing or taking action when in the forex market or other instruments. Therefore, this time we will discuss the trading signals themselves.

Trading signals are a suggestion to be able to buy or sell certain currency pairs that are at a certain price level or timeframe as well. These trading signals come from signal providers for their traders in order to help their clients to be able to trade on the forex market. Before continuing to this article about trading signals, you can conduct an internal survey of GICTrade if there are complaints or suggestions about the platform we have developed.

What is Signal Trading?

A trading signal or it can be called a trading signal is a summary of information about a potential price movement in forex products and also commodities that have been chosen by the trader. This signal can be used as a reference to be able to open positions, either by selling or buying.

The information that has been contained in this trading signal is made by market analysts from third parties, and you can use it as a reference in trading as well as to be able to deepen your ability to analyze charts and also price movements. If you want to test your ability to trade, then you can take the Preliminary Test from GIC to find out how far your skills are in trading.

This forex trading signal is a suggestion to be able to buy or sell a certain currency pair at a certain price level and also a certain time period. These Forex Trading Signals will be sent by the signal provider to their clients so that they can help the client in trading in the forex market.

The exit and entry signals will be sent based on the analysis of the movement of currency pairs based on a specific strategy. This commonly used analysis is technical analysis, but there are also a number of signals that will be combined with fundamental analysis. As for the strategy itself, it will usually vary between one trading signal and another; There are those who use scalping, swing trading, martingale, and so on.

As for certain brokers which will also provide free forex trading signal services for their clients, such as GICTrade. And there are also those who have offered these forex trading signals at a certain rate. However, these forex traders can also buy a forex trading signal from an internet trading signal provider independently, or create their own trading signals. Each of the signal providers will have different strategies, so the level of accuracy of the signals to be provided will vary.

Preliminary Test

Signal Trading Functions

This Trading Signal will provide a summary of information from third parties about potential price movements in forex products, commodities, and indices chosen by the trader. You can use this information to be able to determine when to open a position, take profit, and also stop loss.

The Trading Signal will be updated regularly and will later notify you about the latest opportunities through a notification to your personal phone. Regarding whether doing forex signals can help traders to get success during trading itself, you must know some important information in advance so that later you will not be wrong in interpreting how this trading activity can run.
 
The first thing you should know about trading signals, it is where the information for traders will be to sell or buy foreign exchange (forex). This is done at the price level that has been adjusted and within a certain period of time. The signal is sent in order to provide assistance to traders in carrying out all activities in the forex market.

The information can also be sent via WhatsApp, Telegram, Email, or other chat applications. The exit signal and also the forex entry itself will be given according to the movement of the special forex pair. Meanwhile, regarding a strategy that can be applied, it will use swing, scalping, or martingale trading. But please also note, there is actually no 100% guarantee that when you use this forex signal you will get a big profit.

Even the best traders cannot get a full profit when making a trade and they have also experienced losses. Judging from the accuracy and also the accumulation, this signal will indeed be good to use. If the result of the transaction is accumulated and has reached 50%, then the value is more than enough to be obtained by the trader. Of course, risk and management financial must also be done appropriately and consistently.

Advantages of Using Signal Trading

The use of the right trading signals can yield amazing results, even earning up to 1,800++ pips. This advantage is not the only one you can get when using forex signals in trading. Here are the advantages of Signal Trading.
 
The first advantage is that you will experience trading like a professional trader. A trader will definitely face various possibilities that can happen to the market, considering a market condition that is dynamic and also volatile. Traders will later be able to simplify their trading activities while using this service so that you can concentrate on the strategy itself.
 
The second advantage is that trading will be simpler and also easier to do. For those of you who want to become a professional trader, the platform to make a forex transaction must be mastered. Beginner traders can take advantage of this trading signal service so that later they can enjoy trading in a simpler and easier way like a professional himself. 

The third advantage of using forex signals is to get an opportunity to learn and understand trading quickly. With this service, you can also learn and can deepen your understanding of trading so that you can analyze charts and also understand the history of trading itself. This is what makes us able to see the position of the entry point.

In summary, the advantages and benefits are:
  1. You no longer need to spend hours monitoring a price movement, so you can save time and speed up the process of making trading decisions.
  2. Singal trading aimed at forex trading will provide an opportunity for you to learn and also deepen your understanding of trading very quickly.
  3. It will be easier for traders to simplify a trading activity by "copying" the trading signals that have been received and looking at the level of efficiency.
  4. Those of you who are still beginner traders will still be able to enjoy this forex trading in an easy and simple way like other professional traders have done.
  5. Helping to learn how other traders will enter and exit the market can also help beginner traders to learn more about the market and also different trading strategies.

Trader Assessment

Is Signal Trading Definitely Profitable?

Keep in mind that when using Trading Signals, you should pay attention to a certain level of risk of the signal. You can double-check whether the distance from the Stop Loss and the entry level is in accordance with your risk preferences. Don't let you use signal references with a level of risk that will exceed your preferences or tolerances.

 

Unfortunately, this Trading Signal can also make beginner traders lazy to learn. If you only follow the reference from the Trading Signal, without being accompanied by learning it, then you will find it difficult to trade independently in the future.

 

Traders who have not been able to manage their emotions are more likely to blame the signal when a loss occurs. In fact, this Trading Signal is only a reference, not a guarantee to be able to make a profit. Therefore, the trading signal has no guarantee of the exact profit itself.

Tips on How to Trade Forex for Profit

For beginner investors, there are several ways that forex trading can remain profitable, which are as follows:
  1. Change Your Mindset as a Businessman, Not a Gambler The main way to trade forex in order to be profitable is to fix the existing mindset first. If you have been thinking about trading just to be able to make a profit, then you must immediately change that mindset. Thinking that trading is just a matter of profit is the mindset of a gambler. It will not take into account the risks that may occur.
  2. Using a Trading Strategy with Minimal Risk Playing trading certainly should not be careless. Must use a strategy. Every trader or investor will definitely have a trading strategy that will be different. Even so, the point will remain the same, namely with minimal risk and can generate a maximum profit.
  3. Discipline is one way to do forex trading so that profits have been tried by several other professionals. This method has also been seen as very successful. This discipline means being able to consistently use a trading strategy that has previously been set by yourself. In addition, traders must also be brave to be able to cut losses or cut profits at any time if needed.
  4. Open Positions If there is indeed time as a beginner trader, we may take the wrong step. It seems like it will seem careless, without having to think long first. Such a thing should never be done. Even as a beginner trader, you still have to be careful. For example, the origin of negligence in opening positions.
  5. Open Positions by Following the Trend Especially for professional traders, it's a good idea to follow the trend. The reason is that opening positions by considering a trend will have many benefits. One of them is by being able to minimize a loss. So that the risk that may be borne is smaller and can be considered profitable.
  6. Open Positions When Candle Close Traders must also know when is the right time to be able to open positions. It should not be spontaneous, or without a special calculation. Of the many options for opening a position, at the time of the close candle is the most recommended. The reason is that it is not uncommon for both the shape and direction of a candle to change at any time.
  7. Open Position When Small Lot The trading formula is when you are planting a large lot, which means that the profit you will get will also be higher. The installation of such large lots should not be forced at all. When the capital is mediocre, it will be riskier to install a large lot. Later, if you make a slight mistake, all the invested capital will be exhausted. The way to trade forex in order to be profitable is to adjust the capital according to the opposition. For example, the capital that is currently owned is only under 10 million. So the best advice so that you will not lose money is to set a maximum slot of 0.10 only.
  8. Choosing the Right Broker Choosing the wrong broker can be the most common reason expressed by less professional traders. Nowadays there are many scams under the guise of forex, looking to target people who are not familiar with the investment itself. Usually, these beginner traders will not realize from the beginning that they are being scammed. The reason is, they are too lulled to be able to quickly get profits. Without a mature calculation directly with a large investment. Instead of getting a profit, this method will actually make the capital run out without remaining. A reliable broker will not promise a profit to traders. Because, these trading activities are indeed about risks that must be ready to be beared. A trusted broker will certainly make it easier for traders to get maximum profits without the need for sweet promises. Therefore, choosing the right broker is also considered a way to trade forex so that a lot of profits are made.

GIC Signal Explained

Well, in GIC Indonesia's GICTrade application, there is a GIC Signal feature that allows traders who use the application to be able to see how trading signals are happening today. Whether traders can sell or buy, can be seen through the GIC Signal feature itself. The GIC Signal will be updated every day from experts at GICTrade itself.

Therefore, you can download application of the GICTrade through the App Store or Play Store to be able to trade at the same time by enjoying this GIC Signal feature! After knowing about trading signals along with some of the tips, you can apply these tips so that your trading is also smoother along with the profits you get.

Don't forget to invite your friends to trade with GICTrade or register as an IB so that you can get additional income from these activities. In addition to this, there are advantages that can be enjoyed when using trading signals themselves. So take advantage of this feature in every broker that has provided this service for free!

After registering with GIC, you can consult trading with Trader Assessment and ask anything about trading itself!