Strategies

How to Trade Forex with AI signals


Wiseinvest is an AI forex signals provider that investors and traders use to subscribe to real-time trading signals. In this article, we’ll show you the simple way to put it to work on your forex broker account. Follow these five steps, and take advantage of forex with AI Signals:

how to trade forex using signals

Following our signals involves following the five basics steps above. The last step to trade, is to copy the signals and paste into your brokerage account. You can start trading with our free AI forex signals. Check here to see our trading plans.

The five fields that Wise Signals subscribers receive with each real-time alert include the following trade parameters:

  • Currency pair or symbol identified
  • Direction of signal
  • Size of the order
  • Target Profit leve
  • Stop-Loss (risk) level

How to know when to place the AI forex signals?

All our AI signals are market orders. It means that while the signal is displayed on the dashboard you can place the order, regardless the fx symbol quote. We do this way to assure you will not place an old signal that could be not good anymore.

By trading forex with our AI signals, you do not need the entry price. In this case, there is a range of price which makes the signal good to be placed, not an specific price.

How to place the AI signals in the broker?

With your trading platform opened (brokerage or MT4/MT5) you can enter the order details just like you would when manually trading, and we have made it easy to do so with a convenient copy button that will copy the text to your clipboard.

 

how to trade forex

 

This is how you’ll catch the signals on our Dashboard

wiseinvest dashboard

Notice the copy icon at the right side of each field. By clicking on the copy icon, you just need to paste each value into the forex broker of your choice. As a standard feature, our Dashboard uses the amount available of $1,000, but you can set your own amount to match with the balance held at your broker.

We we’ll notify you by email every time that our AI generates a new forex signal to trade. You don’t need to set any other field, nor close the order manually.

Some examples of Order windows

Some examples of Orders Book or Traderoom

forex brokerage trading room

You can place our signals into the green highlighted fields in the above images.

A few forex brokers use different names to define the same terms. These variations usually rely on the region where the broker is from. Thus, it’s just a cultural aspect, and does not change the way that our forex signals work. Take a look at how the brokerage terms can vary for forex.

  • Pair = Symbol
  • Type = Move or Direction
  • Units = Amount, or Position size, or Lots, or Volume
  • Take Profit = Limit
  • Stop Loss = Target Risk

Depending on the Broker, to set the pair and trade direction, you can just click over the options currency pair (or symbol) and select buy or sell, in order to choose the right option according to our signal.

We strongly advise that if you are going to trade, it’s essential you set the right balance amount available on our dashboard, in order to calculate the specific amount to trade over each operation. You may set your Wise Signals virtual balance in USD, EUR or GBP.

Things that you don’t need to do by using our signals:

  • Charting and making market analysis. Our signals are created with what we believe are the most accurate investment strategies.
  • Calculate the specific amount to trade. We send you the amount that you need to trade based on your total amount available.
  • Evaluate the risk. Our AI already is set to manage the portfolio and risk levels which are provided with every signal.
  • Close the order manually. With our signals, the order can be closed automatically by setting the pre-defined target limit and stop-loss levels.
  • Convert Pips into Currency or %. We already make this task for you on our dashboard.
  • Set a Leverage.
  • Set a Trailing Stop.

Forex brokerages

There are many well rated forex brokerages where you may easily open an account, and get bonuses, besides the potential from trading profits. Of course, after opening a brokerage account you need to deposit funds which usually can start from $1 by credit card and many other popular payment methods.

Check here to read an article about the best forex brokerages.

As a reference we have used the forex brokers XTB.com and FXCM.com. Our AI signals perfectly fit into their order window. For example, FXCM and XTB use the amount to trade measure of units of contracts, which are the same format used by AI signals.

We advise you to check the measure of each trade amount used by the forex broker of your choice, whether it be lot size or units, or an expression of margin used. As mentioned before, as a default we send you amounts in measure of units of contracts, but a few forex brokers use different sizes or even different types of contracts (sometimes mentioned as lots size).

Check here to read an article about positions size.

Takeaways

  • You don’t need to be a professional to invest like one. With Wiseinvest you can increase your chances of reaching above-average returns on forex with our AI signals, while saving time and nights of sleep. 
  • Simply copy our signals and paste them into your account at any forex broker, using the five key signal parameters that comes with every AI signal (the currency pair, units, type of move, take profit, and stop loss.).

Click here to subscribe to a free AI signals plan and start trading forex.

Disclaimer: Forex and Contracts for Difference (CFDs) are complex instruments and come with a high risk of losing money due to leverage. Forex trading is not suitable for everyone. You should consider whether you understand how forex and CFDs work and whether you can afford to take the high risk of losing your money.

The forex brokerages displayed shall disclaim the overall performance of traders in their platforms. Oanda warns that 76.8% of retail forex traders lose money trading CFDs. XTB warns that 80% of retail forex traders lose money trading CFDs. The forex broker Fxcm warns that 69.66% of retail forex traders lose money trading CFDs.

The performances aforementioned are not related to Wiseinvest AI forex trading and AI forex signals system. You can check the performance of our AI forex system on our dashboard.