User Guide for the ForexSignal.com Service.
User Guide
What To Expect
Trading Times
Currency Pairs
The Lights
Mobile Alerts
Entry Strategies
Entry, Stop & Targets
Retracement/Breakout
Exit Strategies
Average Stop Loss
Trade Alert Exit Strategy
Strategies - Single Lots
Strategies - Multiple Lots
Additional Topics
How We Generate Signals
Remove Order
Trend Meters
Economic Events
Our Promise
Strategies - Single Lots

All our signals include Stop Loss and Take Profit Targets and it is easy to follow the Trade Alert Exit Strategy.  You may prefer to adjust that strategy with one or more of the strategies listed below. Also, at times, we may send signals without Stop Loss and Take Profit Targets, the strategies below are useful and can help you determine how to exit a trade.

Notice that there are two sections; strategies for trading a single lot, and strategies for trading multiple lots. Trading multiple lots at a time allows you to take advantage of multiple exit strategies at the same time.
 
There is more than one way to exit a trade and every trader has a varying level of risk tolerance.  The important thing is that regardless of your exit strategy; you never trade without a Stop Loss.
 
Exit Strategies:
 
Close your trade with a small profit
 
How to do it: This is as simple as it sounds.  You can choose to close out your trade as soon as it achieves a small profit.
 
Advantage
 You have closed the trade with a small profit.

Disadvantage
By closing the trade early and taking just a small profit, you may miss out on larger gains.

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Move your Stop to Entry Point
 
How to do it: Change your Stop Loss to the original price you entered the trade. 
Advantage
If the trade is already profitable, but then starts to reverse in the direction of loss, you may get stopped out of the trade but will not have any losses.

Disadvantage
If the trade is already profitable, but then starts to reverse in the direction of loss, you may get stopped out of the trade but with no gains.
 

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Trading with a hard Stop
 
How to do it: When you enter a Buy or sell position, set at least a 30-35 pip Stop Loss and do not make any adjustments as the trade progresses.
 
Advantage
 This gives the market a lot of space to move and the trade may achieve a good profit.

Disadvantage
You may get stopped out with a loss.

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Trailing Stop strategy
 
How to do it:
  1. When you enter a Buy or sell position, set at least a 30-35 pip Stop Loss.
  2. When your trade has a profit of 40+ pips, change your Stop Loss so that it is 20-30 pips behind the current market price.
  3. Exit at your discretion; or if you have the forexsignal.com Enhanced software; exit when the green and yellow MA lines merge on a 15 minute chart.
Advantage
Since this strategy is only applied once the trade already has a 40 pip profit, there is potential to achieve large gains.

Disadvantage
The trade may be very profitable, and then turn around and cause you to be stopped out with a much smaller profit 


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The aggressive trade
 
Much like the Trailing Stop strategy, but more aggressive because it allows for a larger trailing Stop.
 
How to do it:
  1. When you enter a Buy or Sell position, set at least a 30-35 pip Stop Loss.
  2. When your trade has a profit of 40+ pips, change your stop loss so that it is 30-35 pips behind the current market price.
  3. Exit at your discretion; or if you have the forexsignal.com Enhanced software; exit when the green and yellow MA lines merge on a 15 minute chart.
Advantage
 Since this strategy is only applied once the trade already has a 40 pip profit, there is potential to achieve large gains.

Disadvantage
The trade may be very profitable, and then turn around and cause you to be stopped out with a much smaller profit 

 
 

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Legal risk warning:  Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. 

Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particularly trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading losses as well as maintaining adequate liquidity are material points which can adversely affect actual real trading results.  Past performance posted by Signal and Systems Providers ("Providers"), is not necessarily indicative of future results. No representation is made that any account is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particularly trading program. The composite monthly results are primarily hypothetical results of the master demo and its representation of the Providers, though performance results displayed may represent a combination of live and hypothetical results and are not exclusive to either. There are numerous other factors related to markets in general or to the implementation of any specific trading program that cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results. In the event that specific trades were simultaneously executed in hypothetical and live, real-time trading, the lesser of the two results will be displayed. There is no guarantee that one applying these methodologies would have the same results as the hypothetically posted. Since trading successfully depends on many elements including but not limited to a trading methodology and a trader's own psychology, the web site does not make any representation whatsoever that the above mentioned trading systems might be or are suitable or that they would be profitable for you. Please realize the risk with any investment and consult investment professionals before proceeding. The trading systems herein described have been developed for sophisticated traders who fully understand the nature and the scope of the risks that are associated with trading. Should you decide to trade any or all of these systems' signals, it is your decision.  Currency trading involves high risk and you can lose a lot of money. 

 

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