Signal

What Are Day Trading Signals?

As an intraday trader, you are presented with several obstacles to overcome. How do you choose between thousands of different stocks? How do you react to news announcements before the rest of the market?

This is where day trading alerts come in. Simply put, they alert you when certain events occur. This event can be a market development, a technical indicator, or reaching a certain price target.

Armed with this information, you can act or act quickly, increasing your chances of making intraday profits. You may want to pay more attention to a particular stock, or it may let you know that you need to enter or exit a trade.

You can get live and free trading signals, which come with your trading platform, and you can get additional, complicated alerts that come at a price. The complexity of your notifications depends on your individual trading style and needs.

In general, though, you can break down trading alerts into several categories.

News Issue

Every second counts when you aim to profit from small intraday market changes. So, if the app can make you aware of relevant news announcements as soon as possible, you can maximize profits. The best news alerts of this type will also come with commentary and analysis to improve your trading results.

Technical Signals

This will be based on technical analysis. You can create trade alerts based on most popular indicators, including:

• Moving average
• Exponential moving average
• MACD
• RSI
• Stochastic
• Bollinger bands
• Standard deviation
• Shares (CFDs)

Most providers allow you to easily place and create alerts through charts. You can also create multiple conditions by combining several different indicators. So you can have momentum trading notes that work together with moving averages, for example.

Price Signals

This allows you to react to price movements as they occur. They place immediate buy and sell orders in all markets. Some providers will also let you choose between price level alerts and price change alerts, which will automatically reset once triggered.

These live signals often come with risk management advice to ensure you keep losses to a minimum, should the strategy not pay off.

Economic Alert

If you think the market will react to certain economic events, such as non-farm payrolls, for example, you can set up an alert. Some platforms allow you to scroll through specific economic calendars and then mark events for which you want to set reminders. They will usually let you decide how you want to be notified, and how much notice you want.

Market Availability

As technology has evolved, effective intraday trading alerts are now available for almost all markets. You can now find automated signals for the following markets:

• Futures (eg gold & wheat)
• Stock (e.g. Amazon & Google)
• Forex (eg GBP/USD & EUR/USD)
• Commodities (eg oil & natural gas)
• Binary options (eg forex / interest rates)
• ETF (Traded Fund)
• CFD (Contract for difference)

So, whichever market you offer, from Bats, Nasdaq, Dax, and, NYSE, you’ll be able to easily set up live trade alerts.

Methods of Receiving Notifications

Trading Alerts in Charts

You can receive your alerts in several convenient ways. You can sign up for notifications that will pop up when you’re actually on your web-based trading platform, like TradingView, for example. They will usually make a sound to alert you to the event.

This event can be anything from a breach of a trend line or an indicator. This method is ideal for those interested in price action rather than static numbers. For example, if you draw a downtrend line, the alert will be triggered at a different value at 11:00am vs 3:00pm, simply as a result of the slope of the line. This means that your alert can tell you two different things, both price and time.

Alternative

You can also download an application specifically dedicated to giving you professional trading alerts. Alternatively, you can get mobile SMS notifications. This allows you to react to important market developments even when you are on the move.

There is also an option for Twitter alerts. That’s right, you can stay up-to-date with Donald Trump while also receiving important trade information. If that’s not in your interest, you can set up email alerts and absorb data that way.

Technology now allows you to receive your alerts in whichever medium best suits your needs. For example, day traders who are glued to screens all day can make the most of the reminders on their web-based platform. A trader who trades for part of the day while juggling other commitments may prefer reminders via SMS.

It’s about finding a system that compliments your trading style and will allow you to digest and act on information as quickly as possible.

Why Use Signals?

Alerts offer the savvy trader a number of invaluable benefits:

• Offline – If you’ve been watching stocks all day, you don’t want to miss an opportunity just because you have to get out quickly. Alerts can be sent directly to your smart phone or tablet, when you’re not at your desk.
• Time – Instead of spending all day monitoring stocks and doing complex calculations, you can program in your criteria and then receive price alerts when it’s time to strike. This gives you more time to focus on other important areas of trading, such as risk management.
• Automation – Human traders can make mistakes, especially when the stakes are high. Some signaling systems are now 100% automated, relying on highly precise mathematics and eliminating the margin of human error.
• Speed ​​– Instead of manually monitoring the news, you can relax and let a system tailored for your market do the work. This means you can get notifications for upcoming events, reminders an hour before the event happens, as well as instant alerts when news breaks. You can also get macroeconomic figures as they are released.
• Ease of use – As the app is constantly being improved, you can receive alerts faster and easier than ever before. You can get alerts with push notifications on your mobile phone, on the platform and via email. So whatever strategy you use, from swing trading to reversals, you’ll find live ticking.
• Detail – You now get more detailed information that is relevant to your needs. You can be alerted to assets that are showing promising signs of reach, volume, and volatility. You can also add multiple filters to block out extra noise, making trading decisions straightforward.

How to Use Trading Signals

While using alerts comes down partly to personal preference, there are also some basic ways you can take advantage of them.

Noise Reduction

One of the benefits of trading alert software is that it can streamline the decision-making process by reducing market noise. This is especially useful for beginners, who may feel overwhelmed by market scanners, news sites, blogs, and any other tailored source.

Alerts allow you to simplify the market because you can display your alerts to only monitor stocks when an alert occurs. This will focus you on honing your strategy instead of monitoring any and all market activity.

With a little practice, you can eventually get to the point where you can set your trade alerts the night before and only see the asset on the day if the alert is actually triggered.

Entering & Exiting Trades

Head to your broker’s platform and you can set precise price target alerts so you’re notified when a stock breaks, for example. It won’t make a difference how long or if the stock goes higher or lower, you’ll automatically receive an alert when it’s time to make a trade.

Again this will free up time from excessive monitoring, giving you the opportunity to focus on preparing for future trades.

Highlighting Mistakes

Most people only think of alerts as useful for telling you when to enter a position, but they can also be used to identify failures. Something that most people overlook. If you don’t learn from your mistakes, you’ll quickly find yourself in the red.

So how do you use cues to blame mistakes? You set a warning for the main level, that if found makes you stop and think carefully. Some traders may well think that it is basically a stop level. But use them correctly and you can program them to warn you when you’re approaching the stopping point. Then you have the opportunity and time to respond.

You can check to see if the stop level is indeed still valid, or if it is a shooting. If it’s a shaker, you can space your stops to avoid the trap.

Best Trading Alerts & Software

There are many trading alert services out there. Although which one you choose will depend in part on your market, below some of the best have been compiled.

Honest Forex Signals

If you are looking for FX (forex) trading signals then this is a great option. Although not free, at $177 for a monthly subscription, you get a large number of simple and complex signals to choose between. All are user-friendly and easy to set up.

They are also known for their second to none customer support. They are readily available and respond to any customer inquiries almost immediately. So, if you are looking for a forex trading note app to improve your trading performance, this is a sensible choice.

Trade News

If your strategy relies on using news announcements then this audio package is well worth your consideration. You receive the latest news, as well as instant 24-hour analysis straight to your ears on the following topics:

• Bond
• Treasury
• Fixed income
• Interest rates
• Commodity
• The central bank is talking
• Energy news
• Natural disaster
• Violence
• Geopolitical developments

On top of audio broadcasts, NewsStation’s text platform is where you’ll find accurate and detailed analysis moments after breaking announcements. If you are looking for a system that will ensure you are the first to know, then this is a smart choice.

Real Stock Tracker

If you are looking for FTSE signals then this is one of the best options around. This comprehensive app brings you real-time notifications on stock options, news, events, earnings, and signal scans. If that’s not enough, you can create various watch lists, real-time streaming quotes, and interactive charts with more than fifty technical indicators.

The only downside is that it is currently only available on the App Store for iOS devices. However, as popularity and demand grow, an Android-based version may appear. However, it remains one of the best systems to receive day trading stock alerts.

While those are the three most popular options, some other options worth considering are listed below:

• 24 options
• Internal trade
• Giant trade
• C squared
• Tramlines
• Harmonics
• Superman
• Metatrader
• FXCM trading station
• IG
• SuperAlertsPro

Can You Profit From Trade Alert Services?

Despite the purported promise of vigilance service providers, there are some downsides to be aware of. First, remember that there are many benefits of trading signals and signal offers, they do not replace experience and they will not work without an effective strategy.

Second, you need to take the slide into account. There will always be a lag in alerts and your ability to make or exit trades, and when you trade daily, every second and total views.

So there are a few questions to ask before you sign up for the ‘latest and greatest’ alert system: What exactly does a trade alert contain? Does it include details such as entry price, stop loss and price target? Finally, how many other customers signed up for pre-defined alerts? If it’s too much, you might find yourself part of a trend and not ahead of it.