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Technical analysis in forex with vfxAlert

Technical analysis in forex is the forecasting of future price movements based on an examination of its behavior in the past. Like weather prognostication, technical analysis in forex does not result in 100% accurate predictions about the future. Instead, technical analysis can help traders anticipate what is “likely” to happen to prices over time.

For accurate technical analysis in forex, there is necessary to have professional trading software. If you always wanted to have such a program, try vfxAlert. This application was created for traders by traders. vfxAlert will provide you with numerous analytical instruments that will allow you to estimate the profitability of trading signals and to forecast the market situation. Online charts with different layouts will show you the movement of the signal. Market trends will display the sentiment of sellers and buyers. Heatmaps will help you to estimate the profitability of the signal on different timespans. The economic calendar will show you the financial news and events. Let’s look at the vfxAlert instruments

vfxAlert can be installed on all operating systems (Window, Mac OS, Ubuntu). All information is located in one working window. You can choose any broker and start to work. Watch the video to know how to use the indicators on the trading strategy

The main source of information for the trader is the trading signal. The signal is the electronic impulse that behaves according to the predetermined calculations (algorithm). It includes recommendations for further actions. The trader should consider this information but remember that it is just a recommendation. To save money traders should act logically and consistently. In other words, he needs a trading strategy. Let’s look at the signal.

Structure of signal

1. Asset — currency pair.

2. Price — price when a signal emerges.

3. Time — a time when a signal emerges.

4. Expiration — the time of the signal’s expiration.

5. Power — number of profitable options in the past with the current combination of indicators.

6. Signal — CALL or PUT options.

7. Algorithm — algorithm of signal generation.

8. Heatmap — statistical winning percentage calculated for the values of the technical indicator on different timeframes.

Recommendations for traders

Follow these tips for forex exchanging to make your work more pleasing and profitable.

  1. Open the Free account online or download vfxAlert. On the Free account, you can practice without the financial losses and understand how the application works.
  2. Create a trading strategy to act thoughtfully. You can find many good strategies in our blog.
  3. Learn how to use the signal power and heatmaps.
  4. Connect vfxAlert with telegram messenger and receive the signals straight to your device. Watch the video to know how to do it.


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