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What are weekly trading alerts?

As an intraday trader, there are many hurdles to overcome. How do you choose from thousands of different stocks? How do different markets react to news releases?

This is where your weekly trading alerts come in. Simply put, it notifies you when certain events occur. This event could be a market development, technical indicator or reaching a specified price target.

Based on this information, you can act or react quickly, increasing your chances of making money throughout the day. It can tell you that you want to pay more attention to a particular stock or that you need to enter or exit a trade.

You get simple and free trading signals that come with your trading platform, plus additional complex alerts based on price. The complexity of notifications depends on your individual trading style and needs.

However, you can generally divide trade alerts into several categories.

News Alerts

Every second counts when trying to profit from small daily market changes. So, if your app notifies you of relevant news announcements as soon as possible, you can maximize your revenue. The best news alerts of this kind also come with comments and analysis to enhance your trading decisions.

Technical Alerts

They are based on technical analysis. You can create trade alerts based on the most popular indicators, including:

• Moving Average
• Exponential Moving Average
• MACD
• RSI
• Stochastic
• Bollinger Bands
• Standard Deviation
• Sharing (CFD)

Most providers make it easy to place and create alerts via charts. You can also create different conditions by combining different indicators. For example, momentum trading alerts can work in conjunction with moving averages.

Price Alerts

This allows you to react to price fluctuations. Generate instant buy and sell signals in any market. Some providers allow you to choose between price level notifications and price change notifications, which will automatically reset once triggered.

These real-time alerts often come with risk management advice to minimize losses if the strategy doesn’t pay off.

Economic Alerts

For example, you can set alerts if you think the market will respond to certain economic events, such as nonfarm payrolls. Multiple platforms allow you to scroll through customizable economic calendars, then select the events you want to set reminders for. In general, you can specify how you want to be notified and how much you should be notified.

Market availability

With advances in technology, you can now find effective daily trading alerts in almost any market. You can now find automatic signals for the following markets.

• Futures (e.g. gold and wheat)
• Stocks (e.g. Amazon & Google)
• Forex (e.g. GBP/USD and EUR/USD)
• Commodities (e.g. oil and natural gas)
• Binary options (e.g. forex/interest rates)
• ETFs (Exchange Traded Funds)
• CFD (Contract for Difference)

So, you can easily set up real-time trading alerts whether you are researching any market in Bats, Nasdaq, Dax and NYSE.

 

 

How to get alerts

Chart trading alerts

You can get alerts in a number of simple ways. For example, you can sign up for notifications that appear when you are actually on a web-based trading platform, such as TradingView. They usually make a sound to let you know that an event of interest has occurred.

This event could be due to a trend line or indicator breach. This method is ideal for those interested in price action rather than static numbers. For example, if you draw a declining trend line, the alert is triggered with different values between 11:00 AM and 5:00 PM as a result of the slope of the line. This means alerts can tell you two different things: price and time.

Alternatives

You can also download our specially crafted app to provide you with professional trading alerts. Or you can receive mobile SMS notifications. This allows you to respond to critical market developments while on the go.

There is also a Twitter notification option. you’re right. You can stay up to date with Donald Trump while receiving important trade information. If not, you can set up email notifications and soak up the data.

Technology can now receive alerts through the medium that best suits your needs. For example, all-day traders who are glued to their screens all day will benefit most from alerts from web-based platforms. Traders who trade part of the day while juggling other commitments may prefer alerts via SMS.

Find a system that complements your trading style and allows you to summarize and process information as quickly as possible.

Why use alerts

Alerts offer valuable benefits to savvy traders:

• Offline – If you’ve been watching stocks all day, you don’t want to miss an opportunity because you had to steal it quickly. Send notifications right to your mobile or tablet when you’re away from your desk.
• Time – Instead of monitoring your stock all day and doing complex calculations, you can program it based on your criteria and then get price alerts when there are strikes. This allows you 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 alarm systems are now 100% automated, relying on very precise math and eliminating the margin for human error.
• Speed – Instead of manually monitoring the news, you can comfortably do the job with a system tailored to your market. This means you can receive notifications about upcoming events, alerts an hour before events happen, and instant alerts when news breaks. You can even get it the moment macroeconomic figures are released.
• Ease of use – As the app continues to improve, getting notifications is quicker and easier than ever. Receive notifications via push notifications on mobile, platform and email. This makes it simple to set up signals for any strategy you use, from swing trading to reversals.
• Details – You now get more detailed and relevant information about your requirements. You can alert on assets that show promising signs of range, volume, and volatility. You can simplify trading decisions by adding numerous filters to block out extra noise.

How to use trading alerts

Notification usage is partly down to personal preference, but there are also basic ways to take advantage of it.

Noise reduction

One of the advantages of trading alert software is that it can streamline the decision-making process by reducing market noise. This feature is especially useful for beginners who may feel overloaded with market scanners, news sites, blogs, and other moderated sources.

Alerts can simplify the market as alerts can be programmed to monitor stocks only after an alert has occurred. This allows you to focus on honing your strategy instead of monitoring all market activity.

With a bit of practice, you should eventually get to the point where you can set trading alerts for the night before, and only see your assets on the day when the alerts are actually triggered.

Entering and ending trades

Head over to your brokerage platform and you’ll know when stocks are going up by setting up accurate price target alerts. You will automatically receive an alert when placing a trade if it takes too long or if the stock moves higher or lower.

In other words, it frees up time from excessive monitoring so you can focus on preparing for future trades.

Highlight Mistakes

Most people find only alerts that alert you when you enter a location are useful, but they can also be used to recognize failures. Something most people overlook. If you don’t learn from your mistakes, you’ll quickly find yourself in the red.

So how do you use alerts to report mistakes? Set alerts for key levels, and when they are met, stop and think carefully. Some traders might consider it a stop level by default. However, if used correctly, it can be programmed to warn you when a stop level is reached. Then you have the opportunity and time to respond.

You can check if the stop level is actually valid or if it’s simply a jitter. If it’s debilitating, you can give it some more room to stagger around to avoid traps.

Best trading alerts and software

There are numerous daily trade alert services. Which one you choose will depend in part on the market, but some of the best are collectible.

Honest Forex Signals

It is a fantastic choice if you are looking for FX (Forex) trading signal alerts. It’s not free, it comes with a monthly subscription of $177, but it comes with tons of simple and complex signals to choose from. All are easy to use and simple to install.

They are also known for their top-notch customer support. They are readily available and respond promptly to almost all customer inquiries. So, if you are looking for a forex trading alert application to boost your trading performance, this is a reasonable choice.

Trade the News

If your strategy relies on utilizing news announcements, this audio package is worth considering. Breaking news and 24-hour instant analysis on the following topics delivered straight to your ears.

• Receivables
• National Treasury
• Fixed Income
• Interest rates
• necessities
• The story of a central banker
• Energy News
• Natural disaster
• Terror
• Geopolitical development

In addition to audio broadcasts, the NewsStation text platform is where you can find accurate and detailed analysis moments after announcements have been breached. If you’re looking for a system to be the first to know, this is a smart choice.

Real-time stocks tracker

If you are looking for FTSE alerts, this is one of the best options. This comprehensive app provides real-time alerts on stock options, news, events, earnings and signal scans. If that’s not enough, you can create multiple watchlists, live streaming quotes and interactive charts with over 50 technical indicators.

The only downside is that it is currently only available on the App Store for iOS devices. However, as its popularity and demand grow, an Android-based version may well show up. Nonetheless, it is one of the best systems for receiving day trading stock alerts.

Those are the three most popular choices, but other options to consider include:

• 24 options
• Insider trading
• Monster trading
• C squared
• Siding
• Harmonics
• Superman
• MetaTrader
• FXCM Exchange
• IG
• SuperAlertsPro

Can you profit from trading alert services?

Despite claims made by fire alarm service providers, there are still some drawbacks that deserve attention. First, the many benefits offered by trading signals and alerts do not replace experience and do not work without an effective strategy.

Second, slippage must be considered. Alerts always have some delay and the ability to place or exit trades, and when trading throughout the day, tick counts every second.

So, before you sign up for the ‘latest and greatest’ alert system, you should ask yourself a few questions: What are the actual contents of the trade alert? Will details like entry price, stop loss and price target be included? Finally, how many other subscribers are registered for the same pre-determined alert? Too many of them can make you part of a trend.

Further reading