Because our traders success is our top priority, Mercato Brokers offers you all the tools and knowledge you need to make informed investment decisions. Get trade ideas driven by statistics not opinions, analyses major global markets based on years of historical market data, get real-time trade ideas live in-platform and trade potential recurring price patterns.

Forex signals typically work through real-time alerts that you receive, containing the information you need to place an effective trade, Mercato Brokers will use WhatsApp, text, or even email.

To help visualise what the alert would look like, here is a typical example:

• Pair: EUR/USD

• Order: SELL

• Entry: 1.2195

• Stop-Loss: 1.2213

• Take-Profit: 1.2162

As the above example highlights, alerts give you everything you need to make an effctive trade and experience a good trading performance – all you have to do is log in to your chosen broker and manually place the trade. Often, the signal will be sent just as the entry point is being reached or immediately before, so you have to react quickly to the market conditions as price can quickly move past the entry point, and the trade idea could be invalidated.

Once you have placed the trade, you do not have to do anything else. As you’ll have already specified your stop-loss and take-profit levels, you can sit back and let the trade play out. This is another crucial benefit of live forex signals, as they help remove emotion from trading. Beginner traders often fall victim to emotions in the market, which leads to exiting trades early or entering trades when there isn’t a viable opportunity. By using signals, the research and analysis have already been completed, meaning you can avoid all of the stress and emotion associated with this area of trading.