The foreign exchange emerged to facilitate the monetary flow derived from international trade. The forex captures operations in foreign currency by processes from various countries. Being the largest financial market globally, in which a daily volume of transactions of 5 billion US dollars moves, it surpasses all other stock markets together. In short, you can make a lot of money from forex trading only if you know how to do it! Here is Djordje Novakovic explains the smart way to do forex trading.
About Djordje Novakovic
Djordje Novakovic is a 23 years old forex trader and specialized investment advisor. He didn’t call himself successful trader, but he will let you decide yourself. He graduated from HEC Lausanne in a Bachelor of science and management.
Djordje went to Westminster University, London, and finished my master’s degree over there. Currently, he owns a forex trading company located in Switzerland called Iconix investment. Djordje Novakovic doing consultation for financial institutions and individuals. He mainly helps people to do trade forex and a safe play with their investment. Apart from the daily forex trading, he also in to real estate investment. Djordje owns a few residential apartments that he rented out in France.
Djordje in to smart trading
In this article, he talk us about, what makes him different from other forex traders out there and what strategy he uses to close many profitable trades in the trading market.
Understanding a forex signal is the key to successful trading.
The forex signal or alarm provider is the entity in charge of sending signals to place your orders in the forex market without having to analyze the situation in the market. Several factors must be taken into account to make the right decision.
There are several signal providers in the market, and each offers a range of variables. The truth is that many brokers also provide this service, but not all of them can estimate the move with precision. That is why Djordje Novakovic standout. He has been providing signals for years.
And you can check his Instagram account @Switztrader or visit his website at Switztrader.eu. Main features of these alerts within the financial sector, we can find many alert systems that will provide us with all the information we need about forex.
Here are the features of our alerts.
Currency pairs, one of the essential aspects, is to know how many currency pairs have analyzed through these signals, that is, how many currencies we will obtain more detailed information.
Typically, these systems provide us with many pairs, but we will choose a sound system. We must pay attention to the fact that, at least, these signals provide us with information on the six most important currency pairs. We refer to those made up of the euro/dollar, dollar/yen, pound/dollar, Swiss dollar/franc, euro/yen, and Canadian dollar/dollar. If we also have other secondary or even exotic pairs in this system, much better. Djordje says!
Signal duration is another aspect that we must consider to choose our best signal system related to the time of these alerts. Suppose we are operating in the forex market. In that case, we must have signals that offer the opportunity to obtain information in different periods, in case we want to carry out various strategies, such as long-term or short-term. For this reason, the best signals are those that provide relevant market data in minutes, days, or even weeks.
In addition to that Djordje Novakovic says, we can set our trading strategy in the best possible way, additional tools. However, the alerts themselves will offer us useful information so that we appropriately invest in the currency pairs; it is always advisable that you also use other tools available we have to analyze the market to have more detailed information.
Forex signals should always have accompanied by tools such as various technical analyzes or many reports about the assets we have available in the market.
He is also added that, it is also essential that the experts elaborate on some signals and offer us recommendations. Similarly, it is also crucial that we obtain data on the efficiency of these alerts in all the signs we receive. On many occasions, both brokers and suppliers usually include this information on their web pages. Therefore, we can previously check the status of these signals and their performance in the operations that we can carry out later.
In any case, it is always interesting that both brokers and independent signal providers like me offer you the possibility of using these signals as a test. Therefore, you will familiarize yourself with the system and know how to use it after an established period. Typically, you can test these alerts within a period of 7 to 14 days.
According to Djordje Novakovic quick signal delivery also another relevant aspect. Is that trade signal comes with different signal delivery systems?. Although we can consult through the website itself, it is also right that we have designs that send us these alerts through an email or if we prefer. It can be by text message on our mobile phone. Therefore, you will have informed at all times of the changes in the market and the assets themselves.
How did these forex signals work?
In this context, we cannot forget that an adequate system must offer us a personal assistance service 24 hours a day. This way, you can have the opportunity to contact the expert if we need more immediacy—the operation of forex signals. In the last section of our analysis, we will talk about how these forex signals work. As we have already mentioned in previous paragraphs, these alerts can be obtained through two supports. We have them available in our usual broker, with which we work, or we can also hire the services of the signal providers engaged in exclusive to elaborate these signals.
We will start talking about the brokers since, whenever we decide to carry out operations, it has expected that the support we have chosen to perform them also provides us with these services. Live alerts supplied by brokers.
We will have these alerts available as additional tools. As a general rule, they do not usually have any complementary cost; the only thing we typically ask is to make a real account in the broker. If we use these signals with our support, we can consult all the information we want on the website itself, although we will also have other ways to receive these alerts, such as an email or a text message.
Likewise, the forex signal systems provided by brokers usually accompany these alerts with technical analysis of the market, as well as multiple indicators on the best moments of entry and exit. Finally, the information provided by these signals helps us a lot to issue stop loss orders. Trading signal providers although most of the brokers that we currently have available in the market offer us forex signals, you can always hire it forex signal provider in the case that you choose one that does not have this service like me who is dedicated to elaborate these alerts.