Forex Android is a computer desktop and cell phone sms text signal service. I will add soon add their direct link.
How I analyzed the service to work: when you receive the alerts, wait for the trend to begin changing before taking action to buy or sell (EUR/USD). The GBP/USD and EUR/USD often run in tandem (often AUD/USD also), so you may be able to take another trade also. If you are in a trade with the negative correlation pairs (USD/CHF, USD/CAD, often EUR/GBP and others), watch for the trend changes and be ready to close the trades so that you will not lose money. If the EUR/USD trend changes, the negatively correlated pairs trend in the opposite direction. You do not want to be down 30 to even 100 pips if/when the trend changes.
I noticed that the alert trend may occur again during the day. You may receive alerts via sms cell phone texts. Alerts are sent out every 24-48 hours. You can read your Forex broker's website about trading via cell phone if that is an option you prefer.
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Helpful Forex indicators
These indicators display the prices of oil, gold, silver, broker's currency spread prices, currency pair hi/lo, daily average, etc. Your broker's platform must have crude (oil), gold, silver, etc. to display the percentages. If oil prices go up, the USD/CAD usually goes down. The highly correlated currency pairs related to the rising and falling gold prices are the AUD/USD and NZD/USD currency pairs. Australia is the world's third largest exporter of gold. The health of New Zealand's economy is closely tied to the health of the Australian economy, and they also have a strong correlation with gold. The New Zealand dollar and the Australian dollar have been found to have a 84%-98% positive correlation.
This indicator may help. It seems to spot the trend timely.
This is my favorite. When you see this indicator, get ready for trend change. With this indicator and the Arrows indicator (below), you should have better results.
Small arrow that works well.
These are great for reversal trends. I reversed the colors: changed the blue to red, and the red to blue.
29 FAQs Forex
Use this helpful indicator on your charts. The trend tends to bounce off of this line. Daily Hgh-Low.
