Basics

What is a Forex signal and how does it work?


Cutting to the chase, a forex signal is a trading recommendation for the foreign exchange market, usually communicated via digital channels such as email, website, Telegram, Twitter, Facebook or other relatively immediate method. With Wiseinvest, you can have free AI signals to trade forex clicking here.

Quick tip.
On Forex trading, positions can only be opened in certain volumes of trading units called contracts or lots, depending on the forex broker. A trader cannot buy, for example, 1,000 euros exactly, they can buy 1 lot, 2 lots or 0.01 lots, etc.

Understanding the essentials about forex signals

Imagine that you intended to invest in forex or other financial markets – such as stocks, commodities or futures. It turns out that in order to make an accurate decision, it is necessary to make a set of decisions: which asset or symbol to invest, how much to invest, what is the action price, what are the targets – entry and exit price, how to calculate the risk, and so on.

Therefore, a trading signal is a set of information that usually answers the questions mentioned above to help people invest in forex.

Typical Forex signal features.

Although these are the main characteristics of a signal provider, not all offer the complete list of reliable services.

At Wiseinvest, all forex signals are powered by AI-system that sends the following information:

  • Currency pair (for example EUR/USD).
  • Direction (buy or sell).
  • Amount to invest (or position size).
  • Take profit.
  • Stop Loss.

Check out how it appears on our dashboard.

forex trading signals

All our AI signals are market orders sent in real-time via website, email and Telegram. 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 choose a Forex signals provider

Nowadays, there is a lot of forex signals providers. But before choosing one, it is important to understand its benefits, besides how to use that for reaching for better results in forex live trading.

Differently from typical providers, our forex trading signals are emitted by artificial intelligence (AI signals). We are the only platform in the world that uses AI forex trading signals with 4 different position sizes which traders can use to place orders. It is just copy the signals and paste them into the forex broker.

The AI practices risk management on 4 different position sizes (Lot or Standard Contract, Mini Lot, Micro Lot and Units of Contracts) and it also calculates how much to invest on each operation.

Our standard signals are sent using units of contracts, based on the decision of our two AI trading system that work together to analyze the performance of our 40 strategies over the top 28 forex pairs, in order to identify the assets, directions and values ​​with the highest probability of profit in the near future. It is like a super trader equipped with the best investment strategies, able to evaluate millions of data in a few seconds to trade.

You can try our Premium services to trade automated with our AI trading and AI signals for free clicking here.

How to use Wiseinvest AI forex signals?

Investing just got easier through our strategies. You just need copy our AI forex signals and paste them into a trade-ticket window for the related forex pairs, in the brokerage account of your choice. We also alert traders via email and Telegram every time we have a new signal.

Through these 3 steps, you will be able to start receiving our AI forex trading signals:

 

forex trading market

Get to know more about Wiseinvest’s forex signals

We work with all the 28 most liquid forex pairs from the combination of USD / EUR / GBP / JPY / CHF / AUD / NZD / CAD and you do not need to do technical or fundamental analysis and convert pips.

With Premium, our AI sends up to 80 AI signals a month. Whereas, the free forex signals plan sends up to 10 trades in a month. All our forex signals are sent in real time every 4 hours, from Sunday at 7:00 pm, until Friday at 7:00 pm EST, and the decision to send the signals occurs according to the assessment of our AI.

Thus, there may be days when the signals will not be sent, if the AI considers that it is not the best time to trade.

Whenever there is a new signal, we will notify you by email and Telegram. There is no need to worry, we will let you know at the right time.

You can also track our forex signals directly on the website dashboard.

Each of our signals targets profit between 0.78% and 0.94%, what is automatically defined in the take profit. The risk of each signal has a loss target of 1.17% and 1.34%, which is defined in the stop loss.

Which forex brokers do Wiseinvest forex signals work at?

Our forex signals work in all forex brokerages. However, we have some partner brokers. Click here and check out the brokers we trust.

What is the win rate of Wiseinvest’s forex Signals?

The Win Rate of our signals varies and can reach up to 95%. The performance of our AI signals are based on efficient frontier, which means that our model is profitable whenever the Win Rate is greater than 60%. Our strategies seek stable returns and sufficient results to achieve average target of 40% return per year (APY), without the application of high leverage.

We know that what matters is the final result. Therefore, the investor needs to note that Win Rate is not always the best metric, as other signal providers disclose.

For example, out of 100 trades, it is possible that only 1 trade is enough loss to make the 99 trades not profitable.

In this case, the Win Rate would be 99%, but the final result would be unfeasible. Therefore, we focus on the return of 40% of APY and not just on Win Rate.

You can also trade forex automatically with AI

There is a simple and efficient way to invest automated in forex with AI. Check it out:

 

automated trading with ai bot

Don’t you have a broker account yet? Our AI is integrated to trade automated with the broker Oanda. Click here to open an account.

With Automated AI trading you do not need MT4 / MT5 and other trading platforms to invest in forex. All forex trades are automatically placed into your broker account and you can monitor the AI trading performance directly on our dashboard.

When investing through Wiseinvest automated AI trading or AI forex signals, you do not need to calculate or change the leverage in your forex broker account. Learn more about leverage in forex trading clicking here.

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.