The trading expert carries out his technical knowledge in making analysis the market movement on the charts to appoint the exact open price, stop price and the take profit price, to generate an entry signal with a high winning potential.
The main part of automated signal providers create their signals only for the general currency pairs like: EUR/USD, USD/JPY, GBP/USD and USD/CHF. These currency pairs establish the majority of the market and the majority of traders trade these pairs.
The individual trader must subscribe for these service on a monthly basis, signal services send trade alerts out to participating traders using SMS, emails, or mobile phone.
To join a signal service, you may be charged a small regular charge paid weekly or monthly, ranging between $45 and $100 per month based on the performance of this service provider and based on their activity volume and number of pairs they analyze.
The fx signal providers just send the entry price, stop loss price and take profit price. The do not spread out any extra analytical information on the way they followed to generate their signals. That will make the individual trader like a blind man while he or she is trading and he or she will not have the capability to tell whether this service is good or not unless the trader does not have the required experience to make good analysis for the charts. So, this service does not add any experience to his subscribers at all, all what the trader can do is to respond positively or negatively to the given trade signal.