Forex Signal is a suggestion or recommendation that can help in taking the correct decision in trading. It contains the important information about the currency pair, estimated price and time. Forex signals have various modes of notification such as SMS, twitter, websites, mail etc. Let’s take a look at different types of forex signals: Manual Forex Signal: Traders have to sit for extended hours to carry out a thorough research in order to decide whether to buy or sell a certain currency. That is why generating manual forex signals is a time- consuming process as it is based on a trader’s analysis and interpretation. Automated Forex Signals: In this process, software is used to generate forex signals. It reduces the stress on the traders. The software will automatically choose the best option i.e. to buy or sell a certain currency. Trading with automated forex signals provides a wide range of benefits. It can help to save the time and effort of the traders.