One of the best forex day trading systems that a beginner should consider is to sign up for a signal service. For those who don't know, forex signals are offered by experienced currency traders who conduct technical and fundamental analysis throughout the day.
When a trader detects a trade opportunity, he instantly sends a signal to his base of participants. For example, a signal could be associated with the RSI on GBP / USD that has dipped below 30, which means that the currency pair is potentially oversold.
In turn, the signal may prompt you to enter a long position in GBP / USD with a limit price of 1.3910. You will also be given the exit positions at the proposed stop loss and take profit price. This allows you to engage in day trading Forex without having to do any analysis yourself and is thus ideal for beginners.
If you are interested in Forex Signals, then one of the best providers we have come across is Learn2Trade. This provider, which has over 22,000 members in the ever-growing Telegram Forex Signals group, has a historic win rate of 76%.
By joining its premium signal service, you will receive three forex signals per day. It comes with all the aforementioned entry and exit details such as currency pair, buy / sell, limit, stop loss and take profit. Prices start at just £ 35 a month, but you can lower them even further by signing up for a longer plan.
