GBPUSD Forex Signal Trading
At Nys Trading, we provide signals on all majors such as GBPUSD, EURUSD, USDJPY, and USDCAD among others. Our analysis is based on both fundamental and technical analysis as these are the major method to analyze and forecast whether a particular currency will buy or sell.
Our GBPUSD forex trading signal has over 90% success rate over the years. As we know, GBPUSD is a forex currency pair that includes GBP (Great Britain Pound) as the base Currency and USD (United States Dollar) as the Counter or quotes currency.
Fundamental analysis has to do with major news, speeches and other economic data such as the Monetary Policy Committee (MPC) meetings, interest rates among others. A most recent one is the referendum on Brexit where Britain had to exit the European Union (EU); we saw how this outcome reflected on all GBP pairs.
Technical analysis has to do with trading the forex market using some indicators such as Exponential Moving Averages (EMA), Bollinger bands, Fibonacci, among others. Also, it involves decision making to sell or buy at resistance or support levels with respect to pivot points and how market prices behave around these levels.
What do we get in the GBPUSD Forex Trading signals?
Our GBPUSD forex signal trading comes with the following parameters;
Entry: The entry price is the price at which you enter for the GBPUSD forex trading signal. We will give you the entry price for the GBPUSD trade. It could be instant execution or pending order.
Stop Loss: The stop loss is a measure to cut losses; if the market does not go in the direction envisaged, then the stop loss is the point where you will be locked out of that particular trade so as to safeguard your capital.
Take Profit: Take profit is the price at which you plan to exit a trade with some level or amount of profit.
Types of Orders
- Instant Orders: Instant orders are those trades you enter at the Current Market Price (CMP). For our instant execution; signal subscribers will get an entry price for the GBPUSD forex trading signal at the current market price.
- Pending orders: These are orders that you set to enter at an envisaged market price, i.e., the current market price is not at the point you wish to enter. The point you wish to enter may be above or below the current market price. There are different types of pending orders which are; Buy Stop, Buy Limit, Sell Stop, and Sell limit.
- Buy Stop: This is when you hope to buy at a price above the current market price. Which means you see the current bullish trend will continue and hit your price above the current market price.
- Buy Limit: This when you wish to buy below the current market price. That is you envisage that the current bearish market is coming to an end and you wish to buy at a point you consider as a support.
- Sell Stop: This is when you feel a current bearish move will continue and you are planning to sell at a price below the current market price.
- Sell Limit: This is when you decide to sell at a price above the current market price; that you perceive the bullish move is coming to an end and you wish to sell around a resistance point.
Are there updates after these signals are sent?
Yes! Due to the dynamic nature of the market and the way it changes to real-time fundamental happenings in the world market we update our trades by dropping trade commentaries in our member areas and we send updates on the GBPUSD forex trading signals to our subscribers.