Tips For Our Forex Signals

What To Do If The Price Has Changed Since The Signal Alert Was Issued

We recommend you don't chase the price. If the price has slipped more than 10 pips once you've received the signal alert (unless you're able to get a better price) we recommend you set a limit entry for the currency somewhere between the signal price and 10 pips. Our experience has been that the vast majority of time you will get your order filled if you do this.

Most of the time this is not an issue, since you usually will have plenty of time to get into the trade, but on occasions where the price has slipped 11+ pips it's better to let the currency come back within 10 pips of the signal alert. Patience pays off in the forex market.

Placing Stops And Limits (Exits)

We recommend placing your stop and limit prices at the signal prices which are sent to you, these prices are set at specific areas of the chart based upon many variables such as support and resistance.

Exiting A Trade

You should be prepared to exit a trade at any time, however we would like to explain to you our strategy. You will notice that when we are ahead in a currency a certain amount we will adjust our stop loss to lock in a certain amount of pips, usually at least +10 pips. Often times we will be ahead in the currency by +75 pips or more and it will come all the way back to hit our protective stop for +10 pips. This actually happens often.

You could of course exit the trade for a better price and lock in more pips then we do, however there is a drawback to doing this. If you get into the habit of doing that, there will be times when you will miss out on making more pips on the trade, and you will be second guessing yourself a lot.

However there will also be times when you are able to lock in more pips on trades then we do. It is our experience however that in the long run you would end up making roughly the same number of pips we do, but have to work harder for them. This is due to the fact that yes there would be many trades which you lock in +50 pips, +75 pips, and we only get +10 pips, but on the occasions where you get scared and take +25 pips and we end up getting +100, or +200 pips you will have missed out.

If you trade the forex market like we do, your record will be similar to ours, and it's easier in the long run.

However there would be months where you would come out ahead of us by locking in +50 pips, or +75 pips instead of settling for +10 pips like we do, but there would also be other months where we get onto a roll and hit our targets of +100 or +200 pips and come out ahead of you.

Again in our experience its better and easier to trade the way we do, and it's what we recommend.