Forex signals coming through telegram can help you take your currency trading to the next level. You’ll get trade ideas via Telegram that you may copy to MT4. These trading signals will show you how to set buy/sell, entry, and exit orders, as well as the prices at which they should be placed. This allows you to have access to in-depth technical analysis without lifting a finger. With that stated, the forex trading market moves at an incredible speed. This is why using a forex signal service that sends notifications over Telegram is the ideal option. You will never miss any forex trading chance if you receive a Forex signal in telegram.
MegaFX has everything you’ll need to improve your trading. Megafxsignals.com is a full-featured forex signal service through telegram that sends you 5-7 signals each day on average. Continue reading to learn more about what we have to offer!
Table of Contents
What are Telegram Forex Signals, and how do they work?
Telegram forex signals are nothing but the trading suggestions given to you via the app. In its most basic form, your desired signal provider may offer you a forex trading suggestion that looks somewhat like this:
- Entry Order: Buy AUD/CAD at 0.9590
- Stop-Loss: 0.9520
- Take-Profit: 0.9690
You’ll be supplied everything you need to go ahead and place the appropriate tip at your preferred forex broker. This will also tell you which pair the signal belongs to, whether to go long or short, and what entry, stop-loss, and take-profit orders placing.
All of these on-demand insights are what make forex signals so popular since they reduce a trader’s workload of researching. However, one can not be a master of all the technical analysis, indicators and chart reading tools overnight. It takes a long time to master.
Traders on MegaFX’s free Telegram channel receive a signal similar to the one below:
Why does telegram get the preference of providing signals?
MegaFXsignals, like a number of other forex signal providers, has chosen Telegram as its platform to provide signals. This is for a variety of reasons. First and foremost, anyone can download Telegram from the Google Play or App Store with a couple of taps or clicks. You don’t have to pay anything to download the app, and there are no monthly or annual fees. Telegram currently has
over 400 million users worldwide as a result of this. Telegram is similar to WhatsApp in that it uses an internet connection to send and receive messages.
This allows us to deliver our forex signal Telegram service on a worldwide level. Most importantly, when we send a forex signal to our Telegram group’s thousands of members, the message is delivered in real-time and a notice will appear on your phone instantly when it arrives.
Free Forex Signals Telegram
If you do a simple internet search, you’ll certainly come across many of the free forex signals Telegram groups. It’s important to remember that consistently beating the forex trading market is a tough challenge. Reading, analyzing, and interpreting price charts and technical indicators successfully, on the other hand, takes several years of experience. As a result, there is likely to be a catch if a provider offers a free forex signals Telegram channel.
Why would the signal provider give out their Secret Sauce for free, after all? The majority of the time, it has been noticed that a free forex signals Telegram group will hide important information. You don’t have an exit plan in place if it doesn’t offer you the necessary stop-loss and take-profit pricing. To put it another way, the free forex signals Telegram group will encourage you to pay a fee to see the data that has been hidden!
MegaFXsignals Telegram Signals for Forex Trading: What Are They and How Do They Work?
If you’re new to MegaFXsignals and our top-rated Telegram forex signal service, we’ll guide you through all you need to know.
In-House Trading Team
First and foremost, you may be interested as to where we get our top-rated Telegram forex signals. Simply said, at our London office, we have a team of experienced in-house traders.
These traders are in charge of checking the currency trading markets 24 hours a day, seven days a week. When certain patterns emerge, the objective is to search for prospective trading opportunities. Our team will use a variety of technical indicators and chart creation tools to do this.
This is discussed in the following section.
Suggested Forex Trading Orders
Any seasoned trader will tell you that while dealing with the forex market, you must always have an entrance and exit strategy. You’re effectively gambling if you don’t have one. This is why our in-house traders will always have a profit objective and a risk-ceiling in mind. We’ll get to that later. Let’s start with the most essential factor: the entry price.
Buy/Sell Entry Price
With the exception of a few cases, our Telegram forex alerts usually provide a suggested buy or sell limit price. The sole exception to this guideline is if a trading opportunity must be taken advantage of right away, in which case we will instruct you to place a market order.
Nonetheless, the limit order price that we provide you through Telegram will be the most advantageous entry price into the market.
- Let’s say we advise you to go short on EUR/JPY, which is presently trading at 231.06.
- Although we believe that this pair should be shorted using a sell order, we do not believe that 231.06 is a favorable entry point.
- On the contrary, the price is likely to climb over the next few hours before hitting a key resistance level.
- As a result of the aforementioned, we recommend placing your sell limit order at 231.78.
As previously stated, we will only use a market order instead of a limit order in a very limited number of circumstances.
Make no mistake: a take-profit order price will be included in every Telegram forex tip we give you. Simply put, this is the price at which we expect the relevant currency pair to trade in the near future.
If and when this happens, your take-profit order will close your trade immediately, locking in your profits.
- When it comes to Telegram forex signals, we frequently use a methodical strategy. That is, we will generally choose a risk-to-reward ratio of 1:3.
- This indicates that our take-profit order objective will be three times our possible risk in percentage terms.
If we are prepared to risk a maximum loss of 1%, our take-profit objective will be profits of 3%.
Stop-loss orders are something that all of our Telegram forex signals will provide, much as take-profit orders. This is just the price at which our position will be closed if the trade is heading in the proper direction, as we briefly discussed before. If we use the standard risk/reward ratio of 1:3, this means that our stop-loss price will be set at 1%.
Consider the following scenario:
- Let’s pretend we’re trading the GBP/USD pair, which is presently trading at 1.2978.
- We believe the pair will increase in the next hours, therefore we placed a buy limit order accordingly.
- We’d need to fix the price at 1.2849 in order to get our 1% stop-loss order in.
- This indicates that if GBP/USD falls to this level, our trade will be closed and our losses will be limited to 1%.
Importantly, this assures that our Telegram forex recommendations allow you to trade with minimal risk.
Distribution via Telegram
When our team of in-house traders has quantified all the above, they will share the information to our Telegram forex signal members. As a result, you will receive a notification on your mobile device informing you that you have a new Telegram message.
By default, you’ll be able to see who sent the message (us) and the first few phrases of the message at the top of your phone. Simply click on the message preview to be taken directly to the MegaFXsignals Telegram forex signal group.
You’ll notice a notification that says something like this:
Fees and Commissions
If you choose a broker that does not offer competitive fees and commissions, you will be constrained in your potential to optimize your profits.
- Assume you’ve placed a $500 bet on one of our Telegram forex signals.
- A 1% fee is charged by your selected broker, therefore the total cost of placing the trade is $5.
- Our profit objective of 3% has been met, therefore your $500 investment is now worth $515.
- You quit the position, paying a 1% commission once again, for a total of $5.15.
- As a result, you paid a fee of $10.15 on this deal.
As per the above, the deal becomes unprofitable, as you would have paid more in commission than you really made in profit. This is why we only recommend forex platforms that allow you to trade without paying any commissions.
The aforementioned trade would have allowed you to keep all the $15 profit generated by our Telegram forex signal. You should also make sure that your broker offers narrow spreads in addition to commissions.
Forex Signals on Telegram – Plans and Pricing
MegaFXsignals’ in-house traders work tirelessly to provide the finest service possible to our clients. To offer you the best Telegram forex signals, they depend on years of experience in the business.
MegaFXsignals offers two signal segments to choose from, free signal or VIP signal. We charge very reasonable fees for our VIP signals so that even low-investment traders can benefit from them.
Free Forex Signals
You will be flooded with hundreds of results if you do a simple Google search for something like ‘Free Forex Signals.’ This is due to the increasing number of trading signal suppliers that claim the moon on a stick. As you are probably aware, the great majority of these companies never live up to their big claims. Instead, they specialized in aggressive marketing, promising you ‘guaranteed’ returns that even the most experienced traders could never wish to achieve.
We at MegaFXsignals provide a full-fledged “free” signal service, despite the forex signal scene’s rather “shady” image. All of the essential data points mentioned earlier, such as entry, stop-loss, and take-profit order prices, are included in these signals. To put it another way, our free forex signals don’t hide any of the information you’ll need to act on the suggestion. The main difference between our free and VIP accounts is that the free account comes with only three Telegram forex signals each week.
Like other signal providers, we also could have made bold promises but we chose to provide you with a free signal so that you can judge our service without creating any situation of losing a cent. You may even try our recommendations without risking any of your trading capital by using a forex demo account. You may then choose whether our Telegram forex signals are suitable for your financial objectives and risk tolerance.
Premium Forex Signals
The premium account is being used by the vast majority of MegaFXsignals members. The main reason for this is that Telegram forex signals are sent to premium subscribers throughout the day. This applies to all global time zones, so regardless of where you are located, you will have endless possibilities to earn money.
As you already know, As we said in the previous section, the VIP account frequently includes 5 Telegram forex signals each day. In terms of cost, we provide a simple monthly plan which can be canceled at any moment with no questions asked
You can choose from our 4 flexible packages which are listed below:
|Duration||Regular Price||Offer Price|
Many of you may find the first month’s pricing to be a little high, but after you subscribe to a longer plan, the price drops significantly. Remember, MegaFXsignals never locks you into a contract you can’t get out of; instead, you may cancel your subscription at any moment.
Forex Signal Performance Report-Card in Telegram Channel
MegaFXsignals is always available in the telegram channel, not only with the signals we offer, but also with all the information a trader needs. The signal accuracy report, as well as reports with monthly and weekly pip gains, are transparently provided in the group. After joining the telegram group, one may quickly see what is going on with his trade.
Aside from that, we offer trade research and analysis on forex pairs as well as their future projections, which allows traders to rethink their future investments and make more money.
How to get started with forex signals telegram channel
The telegram app makes it incredibly simple to start receiving forex alerts on your phone or laptop. You may simply get in there by following these simple steps.
Step 1: Install telegram web/app
Go to your mobile phone “Play Store(Android)/App Store(ios)”, for the laptop you may go to your “Microsoft Store/App Store(MAC)”. Search for Telegram. Install the app to your device and sign up.
Step2: Join the free forex signals telegram channel
Search for the signal’s telegram channel on the search bar. Or just join us using this link
Step 3: Sign up VIP forex signals telegram
If you find the free channel Useful then you may join our VIP Signal Channel by subscribing to one of our packages.
Though Telegram and WhatsApp both are very well known and popular among the users, both signal providers like us and traders like you prefer Telegram as the platform to get signals.
Signal is considered to be the safest messaging platform and no real complaint has been found against them, like a breach of privacy and so on. Their services and features make it a more comfortable place to share signals with members in real time.
Telegram is an excellent tool for receiving immediate messages from signal providers on trade settings, and it is extensively utilized for this purpose. The benefits of using Telegram to send signals are mentioned below.
Community Chat Groups: This is highly popular since it allows new traders to learn by asking questions and receiving quick responses. Everyone has a far higher chance of success if they share their knowledge.
Signals from Indicators & Robots: Many of our trading robots and indicators use Telegram to keep traders informed about the performance and risk of an automated trading system or trade signals given by custom indicators on a trading platform.
Have you checked out MegaFXsignal's Telegram Channel yet? MegaFXsignal is without a doubt the best signal telegram channel. We send signals and trading analyses there on a regular basis. Simply join the channel and justify our claim.
Many signal providers provide free signals on the market. You can look it up on the internet and get some random provider recommendations. However, by joining the MegaFXsignals Telegram Channel, you may quickly receive free forex signals with an accuracy of 87 percent and a high frequency.
There is no one in the market who doesn’t claim to be the best so we'll leave it up to you to decide. Join our free telegram channel, trade with our signals, experience it and leave us feedback if we are genuinely best or not. Even our VIP packages are so affordable that a novice trader also can afford that.
Considering all our services, features and results; having us to help you through in forex trading is totally worthwhile.