A trading signal is a trade recommendation, issued by a professional trader or by a trading software/programme. Forex signals provide all the information you need to take a trade on a given forex pair or other trading instruments, such as the opening price and opening time, the take profit target and stop loss target. Forex signals are live trading opportunities, which are sent through various means, such as SMS, other messages, or just showing on signal provider websites. Typically, forex signals provide the following information: ''Buy/Sell'' – This is a call-to-action-style signal in most instances, with it often taking the form of a direct ''Buy'' or ''Sell'' statement. Stop Loss – The Stop Loss in the signal represents the exit point, which is designed to provide cover in case things go wrong. Detailed by a preset price, what the signal will do (when automated) is pull you out of a trade before losses begin to ramp up. Take Profit – The Take Profit target is the opposite of the Stop Loss signal, the Take Profit closes the signal once the price has reached that level, booking the profit/Entry Price – The Entry Price in a forex signal is the price the the forex pair was when the signal was issued. It helps followers compare the price of the currency pair at the time when the signal was opened with the actual price at the time of opening the order. Opening Time – The opening time is sometimes sent out as information with the signal, the SMS, e-mail etc. The opening time lets followers see when the signal was issued, just in case there is a delay due to internet connection.