Trading signals vfxAlert for beginners

When the novice trader wants to delve into the theme of market trading, he asks the numerous questions: which trading site is better to choose, which broker is reliable, which strategy is profitable, etc. The understanding of trading and trading strategies comes with the experience and practice. However, there are basic things that novice traders should consider for successful work.

Choose the right software

The market of trading software is large, and developers are always working to improve their products. Now you don’t have to monitor the reviews concerning the different trading platforms, now you have vfxAlert. This application is created to simplify the analytical work of traders and to provide them with all necessary information. All analytical instruments are grouped in one working window.  

As you see, vfxAlert equips the trader with a toolbox that allows to estimate the profitability of trading signals and choose the right moment to open or close the deal. Just utilize the advantages of this software.  

• Use the toolbar to set the indicators that are necessary for your trading strategy;
• Watch the heatmaps to estimate the profitability of certain signals;
• Use the online chart to observe the volatility of market and to set the stop-loss;
• Work with any broker in real time; 
• Download this application on smartphone and receive the signals on telegram messenger.

Understand how to work with trading signals

Trading signal is the suggestion or recommendation on a specified financial asset to be executed at a predetermined price and time. The trading signals arise in the result of the technical analysis performed by software or by person. Independent signals providers offer the free and paid signals, but the traders should be very careful with them. To avoid fraud it is better to check the signals providers that promise the instant profit without efforts.   

The signals are formed basing on three types of algorithms: trending, reversal and adaptive. Algorithm is the sequence of actions whom the trading signals submits.

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.

There are many factors that influence the profitability of certain assets: volatility on the market, state of economics, prices for energy resources, GNP. vfxAlert allows the subscribers the possibility to receive the information about the essential economic news concerning the certain country. They just need to open the economic calendar and read the information about the latest market news.

Practice and try new strategies

Every occupation needs practice, and trading is not an exception. It is necessary to take the trading seriously and learn about the different strategies. But remember, there is no unique strategy for all, because the market and exchange rate changes every time. Trader should elaborate the strategy on his own using all necessary information. You can start this by reading our guide concerning the various strategies or by working with vfxAlert trading signals right now.

Register on vfxAlert and work on PC or download it on telegram