What are Forex Signals? | How to Use NFX Signals

Table of Contents

Introduction

It's an established fact that being profitable trading the financial market takes a great deal of time, discipline, dedication, experience and the right knowledge. In fact, its even more gets scarier when statistics shows that over 90% of traders end up losing in trading the financial market. However, what if there was a way to profit from the market without deep knowledge about it.

Well, you may call me the bringer of good news cause there actually is 😅. And that is the signal subscription services. With NFX Forex and Cryptocurrency Trade Signals, you can lay the burden and difficulties on our shoulders while you simply relax and enjoy the profits taking same trades as our experts without the need of any formal knowledge...

What are Forex signals

Understanding NFX Forex and Crypto SIgnals

In a general sense, a forex or crypto signal is a trading idea or recommendation on a specified financial asset, to be executed at a predetermined price and time. Irrespective of your trading level or years of experience, using signals services can help you enhance your trading activities and overall trading profitability.

NiclaxFX signals comprises of forex and crypto online trading alerts which provide our clients the latest market information about trading opportunities on the major foreign currency pairs. Our signals service allows you to follow and copy the trading actions taken by NiclaxFX professional traders and top-performing analysts.

Our traders and analysts use a wide range of tools, indicators, techniques and trading strategies in order to get the best possible results. Some of these indicators include support and resistance levels, moving averages, candlestick patterns etc. while other trading strategies include hedging, trading the news, price action and market sentiment and trading the central banks, NFP (non-farm payroll), etc.

Utilizing all these strategies and applying strict money and risk management techniques, our team of analysts issue forex signals that you can benefit from without any formal knowledge!

How To Read NFX Signals

Understanding and utilizing NFX Forex and Crypto Signals is a complete no-brainer and it would be fair to say that amongst others in the forex industry our signal services stands tall and unique for its quality and simplicity, Our team of experts consistently ensures that our signals are ridiculously simplified to enable anyone copy and follow as easy as ABC.

Step 1

A. COPY

Copy the signals as they
appear in our telegram channel: 

Step 2

B. PASTE

Paste the data straight to your
(MT4 / MT5 ) trading terminal.

Step 3

C. PROFIT

Profit with every winning trade
when closed.

Breakdown of NFX signals

NFX Signals Parameters

Each signal are sent with the following parameters:

CURRENCY PAIR: This refers to the currency pair to be traded on.

📊 TRADE TYPE: This refers to the direction of the trade, trade type could either be a:
⬆️ BUY - Meaning trade is expected to go up or

⬇️ SELL - Meaning trade is expected to go down.

📝 ORDER TYPE: There are two main order types which could be a
A. ⏳PENDING ORDER: Pending orders are sent for trade automation when admin expect a certain condition to be met before the trade should start running. Pending orders could be sent in 4 types:
1. ⬆️ BUY STOP:  Buy stop orders are sent when expected price of entry is above the current market price. That is the signal provider wants the trade to trigger for a BUY at a price higher than the current market price

2. ⬆️ BUY LIMIT: Buy limit orders are sent when expected price of entry is below the current market price. That is the signal provider wants the trade to trigger for a BUY at a price lower than the current market price.

3. ⬇️ SELL STOP: Sell stop orders are sent when expected price of entry is lower than the current market price. That is in this case the signal provider wants the trade to trigger for a SELL at a price lower than the current market price.

4. ⬇️ SELL LIMIT: Sell limit orders are sent when expected price of entry is higher than the current market price. That is in this case the signal provider wants the trade to trigger for a SELL at a price higher than the current market price.

B. 🕹INSTANT EXECUTION: As the name implies, this means trade should immediately be triggered as soon as they are received. When trades are sent as instant execution it is recommended to first start the trade and thereafter set the other trade parameters like Stop Loss and Take Profit. Also Instant execution trade could be taken with +/-10pips from current market price except admin states otherwise.

👨🏻‍💻 ENTRY PRICE: The entry price refers to the price at which the trade must be triggered or started.

⭕️ STOP LOSS: This refers to the maximum risk of the trade incase the market moves in opposite direction. It is an automatic exit point and essential to protect your investment. - SL "Stop Loss". Stop loss are very important and must not be neglected.
It is always recommended to adjust your stop loss above break entry(price of entry often denoted as BE)  after trade has ran for over 50+pips in profits. In some cases or during high volatility admin may inform you to adjust your SL to give more space for trades even after trade has started running.

TAKE PROFIT: This refers to the expected price to take out profits or close a trade. When price reaches your take profit level, your position will automatically be closed by your broker. It is recommended that you place a take profit order with every trade to lock in your profit in case the target price is reached. It is often denoted as TP - "Take Profit"

🛑 PS: For Clarification or Question please refer to support - After any trade is sent in situations when the trade instructions are not clear its best to always contact our happy support who are always there to entertain your questions and guide you correctly.

 

SOME SIGNAL SAMPLES

NiclaxFX Forex Signals
Signal Sample With Instant Execution Order Type
Signal Sample With Pending Order Type (Sell Stop)
NiclaxFX Forex Signals
Signal Sample With Pending Order Type (Buy Stop)
NiclaxFX Forex Signals
Sample of Attached Chart Analysis With Signals
NiclaxFX Forex Signals.
Signal Sample; Pending Order With Chart Analysis
NiclaxFX Forex Signals.
Sample of Attached Chart Analysis With Signals

illustration on how to use the signals

In the video below we are going to show a quick illustration on how to use our signals on both a desktop and a mobile MT4 trading platform 

Assuming we receive a signal on EUR-AUD (Euros against Australian Dollar) since this is a pending order all we have to do is copy the parameters as seen in the image above on the left side of the screen and thereafter input the data respectively on your MT4/MT5 terminal as shown in the GIF file by the right or below.

What's Next After Receiving Signals?

One of the many benefits of using our services is that after every trade is sent, theres a continuous follow-up on the trades until the trade is closed, our team are not just concerned about sending quality trades but will also ensure they guide you from the start and tell you when to also close to ensure we all share same results and transparency.

In as much as we try to ensure every trade is automated after placing the order you must pay attention to our experts as we sometimes manually close trades even before it hits our desired TP. 

There are 3 different ways for a signal to get closed:

A. Trades automatically closing by reaching the stop loss level.

B. Trades automatically closing by reaching the take profit level.

C. Trades manually being closed by an instruction from our admins – We close the signal if we believe that it is the right timing to exit the market, considering the momentum and other technical/fundamental factors. In such cases the admin will notify all traders with the command :

🛑 CLOSE TRADE ON XXX PAIR (E.G GBP-USD) WITH PROFITS OF XXX PIPS (E.G 75+PIPS)

In some cases we could also inform you to hedge a trade, or adjust the TP level to take advantage of maximum profit when our admins are certain it is the best move.

Now you know about NFX Signals you can join us and start receiving our signals in 3 simple steps.

1️⃣. Select a Preferred Signal Package from our various affordable plans.

2️⃣. Subscribe to a signal package (click this link to learn more about our signal packages)

3️⃣. Receive signals on our telegram platform.

Conclusion

I believe you now have a better understanding about forex signals and how helpful they can be to you as a trader irrespective of your trading level or experience and also with a complete understanding of how to use NFX signals and all the benefit it entails, at this point its now left for you to decide what you do with this knowledge.

If you have any questions, found the article helpful or need further clarification, please do not hesitate to leave a comment below.

Want To Earn With NFX Signals?

Being profitable trading the financial market takes a great deal of time, discipline, dedication, experience and the right knowledge. But, scratch all of that... With NFX Signals, you can lay the burden and difficulties on our shoulders while you simply relax and enjoy the profits taking same trades as our experts without the need of any formal knowledge...

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Price action is a concept of trading heard by many yet understood by few, in a nutshell price action is the movement of a security's price plotted over time. Price action forms the basis for all technical analysis of a stock, commodity or other asset chart. Many short-term traders rely exclusively on price action and the formations and trends extrapolated from it to make trading decisions. Technical analysis as a practice is a derivative of price action since it uses past prices in calculations that can then be used to inform trading decisions.
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NFX Mentorship: Mastering Price Action

Price action is a concept of trading heard by many yet understood by few, in a nutshell price action is the movement of a security's price plotted over time. Price action forms the basis for all technical analysis of a stock, commodity or other asset chart. Many short-term traders rely exclusively on price action and the formations and trends extrapolated from it to make trading decisions. Technical analysis as a practice is a derivative of price action since it uses past prices in calculations that can then be used to inform trading decisions.
Mastering the art of price acton trading does not only make you a better trader but gives you a great edge over other traders and enables you trade on nearly all financial market including, stocks, crypto and futures.

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