What are Signals and how can traders use them?
Introduction:
With how popular Forex Trading has gotten in the past few years thanks to the fact that fierce competition in the industry has pushed forward for more Tools, AI-driven Analytics, Automated & Copy Trading Bots, Telegram Signals Groups with Automations and more, all with the purpose of helping the retail trader to be on the same level as the institutions of Wall Street – such as JPMorgan, Stanley, Bank of America, etc. It has never been this easy to get into Forex and to be on equal footing with everyone in the game.
The Rise of Forex Signals Groups
Nowadays traders don’t need to be in the “trading pit” to get all the up-to date information and insights in order to make calculated trades. All they need is an internet connection, access to a Forex Signals Group on the Telegram App and a bit of Capital to start making trades.
So many traders are now sharing all of their trades publicly as a sort of “record” which can be tracked publicly and as a way to give newer traders a chance to copy-trade more easily from the experts. Most of these Telegram groups have between a few hundred to a few thousand subscribers with some more widely known Crypto groups even reaching upwards of 260,000 subscribers. But a lot of those are inactive people, bots or sometimes just 2nd or 3rd accounts that the users have created.
Why Are These Groups So Popular?
The simple answer is that they are: FREE
The hard answer is that: they offer traders some form of value, whether that be from their daily insights and write-ups about the markets or from the actual Forex Signals themselves which gives newer traders an easy in and out strategy for their trade. With clear and concise Entry Points, Take Profit and Stop Loss targets. This way traders don’t have to do much thinking themselves and can just pick the right trades from their favorite Signals Providers.
What are Forex Signals?
The Clear Definitions:
Forex Signals are a system that is used by retail traders all over the world with the intention of helping them make a decision when it comes to their trades. It’s one of the most important tools in any day-trader’s arsenal giving him valuable insights. There are many different types of Forex Signals Systems some might be free, others are premium and third might not even be in a group and can be added onto your TradingView chart right off the bat.
Keep in mind that trustworthy services usually include information about their signals such as:
- Take Profits
- Stop Loss
- Currency Pair
- Entry Price
- Details about their thought process behind the signal
The Different types of Forex Signals:
- Manual Forex Signals – You get these manually from online communities either in Telegram Groups, Discord Servers, Websites and or other social networks such as: Facebook, Twitter (x) Instagram, etc.
- Automated Signals – These signals are usually generated by a trading system utilizing Trading Algorithms or Forex Bots (such as the Forex Cypher) they are published on their respective platforms and are most often gated behind a payment.
- Automated Manual Signals – These Signals are usually made by Hedge Funds, Pension Funds, Companies, Public Banks and others. Most of the top forex brokers offer direct integrations with social trading networks where these signals are published. You can also access a lot of Automated Manual Signals via the MQL5 network, from where you can copy MetaTraders.
How do Forex Signals Groups work on Telegram?
1. Why the Telegram App?
Forex signal groups on Telegram have gained immense popularity due to the platform’s privacy and easy access. These groups provide private trade recommendations without risking the chance of any third-parties or governments of getting in the way and/or influencing the market conditions.
And well… it’s fast, faster than WhatsApp and Messenger, and allows big communities to connect. Whether you’re on your phone or desktop, you can get these signals instantly—this is critical in a fast-paced market like Forex. Plus, Telegram’s privacy features ensure traders can stay anonymous, while the group format makes it easy to share detailed insights, including charts and voice notes. Essentially, Telegram makes it possible for traders to act on signals from anywhere, at any time.
2. Free vs. Paid Groups
When you join a signal group on Telegram, you’ll likely encounter two types: Free and Paid groups.
Free Groups: These groups give you a taste of what signal providers offer. You’ll receive a handful of signals, but often they might not be as frequent or detailed as in a paid group. It’s kind of like a trial—you get to see if the provider’s style fits yours without committing to anything.
Paid Groups: In a paid group, things get a little more serious. You get full access to all signals in real time, detailed market analysis, and sometimes even personalized support. If you’re trading seriously or with a decent-sized account, the paid groups are where you’ll get the most value. It’s like hiring an expert to guide you through the market.
3. Who Are These Signal Providers?
Forex signal providers can be anyone from seasoned traders to AI-driven algorithms, but here are the most common types you’ll find:
- Pro Traders: These are experienced individuals who live and breathe the Forex market. They share the exact trades they’re making in real time, and you can choose to mirror them. It’s a bit like following a chef’s recipe step-by-step.
- Analysts: These guys may not always be active traders, but they analyze market data and news like pros. They give signals based on technical or fundamental analysis, which are good for those who want some reasoning behind the trades.
- Automated Systems: Some groups use bots or algorithms that scan the market for trade setups based on rules or patterns. While these signals can be quick and efficient, they lack the human touch that can sometimes navigate tricky market conditions.
4. How Signals Are Delivered
Typically when you join a Forex signal group on Telegram or Discord, you’ll start receiving trade signals straight to your phone or computer. These signals usually include:
- The currency pair (like EUR/USD or GBP/JPY).
- Buy or sell instructions (e.g., “Buy EUR/USD now”).
- Entry price (the price where you should open the trade).
- Stop loss (to protect you from big losses if the trade goes wrong).
- Take profit (the level where you can cash in on your profits).
So when you get a signal, it’s like receiving a detailed plan: “Hey, trade this currency pair at this price, but make sure you get out if it drops below a certain point.” You don’t have to guess or figure it out—it’s all laid out for you.
Some groups even go a step further and share analysis, charts, or news events that back up their signals. It’s not just about the numbers but also understanding why they’re recommending that trade.Others prefer to receive their Signals by email! Like its 2008 again.
Then there’s some Websites with integrated widgets showcasing signals, and or platforms that share their groups’ signals live on the charts. At the end of the day the place where you get the signal is up to your preference, what truly matters is it’s quality.
Others prefer to receive their Signals by email! Like its 2008 again. Just pick your preferred method!
5. Staying Engaged in Real-Time
One cool thing about these groups is the sense of community. You’re not just receiving signals but often connecting with other traders, chatting about strategies, and learning from each other. Some signal providers host live Q&A sessions or even send follow-up alerts to let you know if the trade conditions change—like if you should exit a trade early or adjust your take profit.
Since the Forex market is always moving, having this kind of real-time interaction can be a game-changer. It feels more dynamic than just following a set of static rules.
6. Executing Trades and Managing Risk
After receiving a signal, most traders manually enter the trade on their preferred platform, like MetaTrader. But some advanced traders use automation tools that sync directly with Telegram, copying the trades into their accounts automatically. It’s like putting your trading on autopilot.
The best signal groups also emphasize risk management. They’ll tell you how much to risk per trade (usually a small percentage of your account) and remind you to stick to the stop loss levels. The goal is to avoid big losses and aim for steady, consistent gains.
How Traders Benefit From Forex Signals
Some traders don’t have all day to sit in front of screen and chart 24/5, especially if you’re just starting out or don’t have the knowledge to analyze market data. That’s where Forex signals come into play. They make life a lot easier by giving you ready-made trade ideas, helping you make decisions faster and more confidently. You no longer worry whether you’re making an emotional buy instead you are now:
What Traders Might Risk with Forex Signals
While these signals can be incredibly helpful, they’re not without risks—especially if you’re just blindly following them without really understanding what’s going on in the markets. One of the biggest dangers is jumping into trades without any idea of why the signal was given in the first place. If you don’t know the reasoning behind the trade, you’re essentially trusting someone else with your money, which can lead to problems if things don’t go as planned. Usually this is an issue that beginner traders have but over time you will start to making your own decisions on top of the signals’ insights. Now what are the 3 biggest risks from Forex Signals?:
1. Blindly Following Signals
How to identify Genuine Forex Signal Groups
With so many Forex signal groups on Telegram, Discord, Google and all the other Social Media platforms it can be tricky to separate the real deal from the scams. Here are a few key things to look for:
1. Track Record and Transparency:
My two cents on using Forex Signals:
For my closing words I’d like to leave you with a personal story of mine.
When I was getting into trading around 2014 I had no idea what I was doing yet. Throwing $100 on Stocks, then 50$ on Index, followed by a 100x leverage gamble on Crypto. I had no idea what I was doing yet. Then this guy showed up in one of my DMs. He was promising me a technical analysis group unlike any before! 30-seconds later I was in their WhatsApp group…
They had hundreds of signals with history of trading and making unimaginable gains (I’m talking 10,000% in a week.) Inexperienced and naïve me fell for it. I was invited to their group and shown screenshots of lambos, luxury yachts, hot babes and rolex watches, followed by a barrage of testimonials from “successful” community VIP members showing off their million dollar trades, thousands upon thousands of profits and much more. I was hooked. At the time I was finishing my Bachelor and didn’t have all the time in the world to track the markets so I would occasionally hop into the chat and be crushed by a feeling of FOMO (Fear of Missing Out) on these trades.
“If the Free group was making this much than the VIP must be doing 10x better!” – I thought to myself. A few exchanges later and I had paid 500$ to join their VIP program for a lifetime.
I was shocked to learn that it was all smoke and mirrors.
There was 1 signal for the entire month. It was a measly 20$ profit on a BTC trade. The VIP channel was dead silent and it was just me and a couple of others that looked like they fell for it just like me. I had been scammed to join this fake Forex Signals Group…
I left and never looked back.
4 years later I ran into an old acquaintance of mine. He had been in the trading game for much longer than me and had a better grasp on things. Although at that point I had 5 years of experience under my belt and had built quite the resistance to scams.He offered me an invite to his Automated Telegram Signals Group.
I was skeptical at first, after being burnt in the past I just couldn’t trust him.
But he was someone I knew and his group wasn’t paid at all. It was a community built from the ground up of like-minded individuals that were in front of their screens charting 24/7 like machines making some of the craziest trades ever, sometimes it was downright obscene what these guys would pull for an extra bit of information or insight into the market conditions. This time I knew what to do:
- Back-test every single trade I see from them.
- Use a Demo Account to keep up with their signals and make sure that they are actually profitable over the long-term.
- Make sure their trades weren’t photoshopped.
To this day I’m still friends with most of the guys in that Group. We made some crazy gains together and I even got mentored by Noah. In 2020 during the Covid crash, Noah gave me the single best signal of my life that would give me the chance to turn my 88K portfolio into almost a million dollars over the span of a few months.
Today Noah is the Founder of Forex Frontier, a leading Signals Platform offering anything from Automated Signals to Manual, Technical Indicators, Fundamental Analysis, Market Insights and more. But the most important thing is that it’s a community that is here to educate and help traders were just like me.
So yeah I do believe that Forex/Stocks/Crypto/Commodities whatever Signals are worth it. Because without it I won’t be where I am today.
Thank you Noah!
From Bobby,
Co-Founder of Forex Frontier
2 Responses
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