How to receive the best daily forex signals with vfxAlert?

Day trading for beginners

Day trading is a popular practice among the traders all over the world. Day trading is the act of buying and selling the asset during the single day or several times during a day. The day traders consider this activity as the regular job and closely monitor the daily forex signals. This practice can be controversial but very profitable, if the trader understands the market situation in the right way. To receive the high amount of profit the day traders use various short-term and scalping strategies and pay attention to the different economic news and market tendencies. Daily forex signals can be beneficial, because they constantly show the current market information and allow to receive fast profit. The behavior of “bulls and bears” on the market can be very unpredictable. One trend replaces another one during the day very quickly, and in this situation the long-term strategies don’t work.   

Is it possible to be a successful day trader?

Of course, yes. This task seems a bit difficult, but it is absolutely attainable. Daily trading requires the knowledge of market psychology, understanding of current trends, and advanced software to follow the daily forex signals. Using these tips you can capitalize on small price movements that take place in highly liquid currency pairs.

• Take day trading seriously as a full time-job. It is necessary to invest all your time and efforts in this occupation and monitor the daily forex signals very attentively. That’s why you have to be sure that you have enough time for day trading.     
• Develop the short-term strategy that brings the positive result. Day trading employs a huge variety of techniques, so you need to learn more about the technical analysis and different indicators.   
• Be calm and control yourself. Price may rise and fall during the day, especially when the market volatility is high. This situation may provoke the stress and panic. But the more you can control your negative emotions, the more you can stick to your trading strategy and achieve the profit.

 vfxAlert, what is it?

vfxAlert is the program that allows to work with various trading platforms. vfxAlert provides the analytical instruments and detailed statistical data. These instruments help the trader to receive all necessary information concerning the actual and future market trends. Here the thing that you can find in this software:

• Online charts;
• Various indicators (zigzag indicator, pivot point indicator, volatility indicator, etc.);
• Heatmaps;
• Economic calendar;
• Candlestick patterns;
• Possibility to work with any broker.

 If you want to see, how does it work, follow here

Is vfxAlert suits for day trading?

vfxAlert is a perfect application for day trading. Using these analytical tools you can track the daily forex signals and estimate their level of profitability very quickly. Heatmaps and signal allow to see how the price of a certain currency pair changes during the small-time periods (1 min, 5 min). If you want to learn more, how heatmaps and signal power work, follow here

1. Asset — currency pair.  

2. Price — price when a signal emerges. For adaptive algorithm is the open price of the current candle.   

3. Time — time when a signal emerges. For adaptive algorithms the time since the last update.

4. Expiration — time of signal’s expiration. 

5. Power — number of profitable options in the past with current combination of indicators. 

6. Signal — CALL or PUT options.

7. Algorithm — algorithm of signal generation.

8. Heatmap — Statistical winning percentage calculated for the values of the technical indicator on a different timeframes.

The signals are formed basing on three types of algorithms: trending, reversal and adaptive. 

How can I start to day trade with vfxAlert?

You can open the Free account or download vfxAlert on your PC. If you want to elaborate the working strategy for day trading, here are some good variants for you

keywords:daily forex signals