News Trading Signals: This is the fundamental approach to forex signals, and the purpose is getting at the news release as early as possible, and exploiting it to maximum profit in the short period of time after the release. Such signals often come with some commentary and analysis on weekly and daily bases, and require a fast connection to the web to be exploited in a timely manner. In some rare cases, such as the manufacturing PMI, there are ways of acquiring the headline number before the rest of the market, in such cases the information received may indeed provide exceptional value. In other situations, the forex alert service will try to pass the data release to its subscribers at much faster pace than TV presenters or public sources, creating opportunities.
Technical Signals: Technical trading signals are just trading tips on the basis of technical analysis. You trust the background and track record of the company or person issuing the signals, so you choose to trade on that basis instead of entering your own orders.
Technical forex signals are often issued along with various risk management strategies to ensure minimal losses if the plan does not work out as expected. The vast majority of online forex signals belong to this category, which makes sorting the wheat out from the chaff a bit of a difficulty.
General Trade signals: This kind of service provides general trading tips for traders. Their alerts often employ a multi-pronged approach combining both fundamental and technical analysis.
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