If you’re the type of forex trader than prefers to buy and sell currencies on a manual basis, then you likely have no interest in the potentialities of ai trading. With that being said, have you considered the merits of an algorithm that has the potential to perform autonomous research?
By this, we mean forex trading signal services that scan dozens of currency pairs on a second-by-second basis, and then notify you when a potential trading opportunity has been identified.
In this sense, by using a forex signal service such as the one being offered by Learn 2 Trade, you get the best of both worlds. In a nutshell, the signal service alerts you when technical analysis tools point towards a possible market movement on a specific pair.
Once you receive the trading suggestion, this then allows you to perform your own independent research. If you like what the trading signal has identified – and it mirrors that of your own research, then you can place a manual trade as you normally would.
What is Learn 2 Trade?
Learn 2 Trade is a UK-based education and fx signals hub that strives to assist online traders in their search for long-term, consistent gains. Regarding the former, the platform hosts hundreds of educational resources on all-things forex.
This includes 101 guides on choosing a broker, understanding the spread, and navigating leverage financing costs – as well as more advanced pieces such as how best to read and understand charting patterns.
When it comes to the Learn 2 Trade signals service, this allows traders to take their forex trading endeavors to the next level. In its most basic form, the underlying technology is tasked with identifying potential trading opportunities on a 24/7 rolling basis.
It does so through scanning and evaluating dozens of forex pairs in an autonomous manner, with the view of assessing which way a particular pair is likely to go. This includes key metrics such as historical pricing patterns, market volatility, liquidity, and trading volumes.
How Does a Forex Signals Service Work?
Once the Learn 2 Trade algorithm has identified a trading opportunity, it will then send an alert to subscribers of the platform in real-time. This will come in the form of an email or RSS feed. Crucially, this ensures that you never miss a trading suggestion – as notifications can be sent straight to your mobile device.
When a suggestion does arrive, you will be notified of what trading pair it relates to (such as EUR/USD), and which way the signal believes the market will likely go. For example, let’s say that the signal identifies that EUR/USD trading volumes are on the rise and that a key level of resistance is due to be broken. As such, the signal will suggest placing a buy order.
With that said, a signal alert would be of little use if it did not contain the relevant entry and exit points, which is why Learn 2 Trade ensures that traders receive three key order suggestions. This includes the entry point that the trade should be placed at, as well as a stop-loss order.
The latter is super-important, not least because it ensures that the trader can mitigate their losses in the event the markets go in the wrong direction.
Learn 2 Trade subscribers are also provided with a suggested take-profit order price. This ensures that the trader can realize any subsequent profits automatically, without needing to be sat on their device watching the markets. As such, once all three entry and exit points have been installed, everything is automated thereon.
The above forex signals service comes at a cost of:
- 1 Month Package: $25
- 3 Month Package: $55 ($18.33 per month)
- 6 Month Package: $85 ($14.16 per month)
Manual Decision-Making From an Automated Suggestion
One of the most attractive selling points to the Learn 2 Trade signals service is that you are not required to act on it without performing your own research. On the contrary, you are advised to evaluate the suggestion to see whether or not it mirrors your personal trading strategies.
If it does, then you’ve benefited from a trading suggestion that was identified without you needing to do any of the work. This gives you access to dozens of trading pair charting patterns on a 24/7 basis. Ordinarily, it would be virtually impossible to research heaps of currency charts concurrently. Furthermore, even if the suggestions relate to a pair that you do actively research, the signal might identify a pattern that you failed to notice yourself.
The Verdict?
Although automated trading systems are not for everyone, the Learn 2 Trade forex signal algorithm gives you the best of both worlds. While you will be receiving trading suggestions that were yielded in an automated manner, you still get to perform your own due diligence on the signal prior to placing a trade.
