Best Day Trading Signals Providers & Indicators
Best Day Trading Signals Provider - Forexsignals.com
Top Day Trading Signals Providers & Indicators:
ForexSignals.com is a perfect Day Trading Signals Provider
Market Chameleon - Best service provider for experienced options traders
The Trading Analyst - best stock alert service
RoboForex - Trusted by both experienced investors and by newcomers
Learn2Trade - connects users to the world’s premiere financial markets
Zignaly - shares signals but also functions by way of profit sharing incentives
FXPremiere.com - is a great way for you to learn about day trading signals in a community setting
AvaTrading - combine automated and manual day trading signals.
In the right hands, day trading makes for a powerful way to grow and enhance your wealth. Yet it’s far from a simple science – which is why aligning yourself with the best day trading signals and learning how to analyze day trading indicators can be such a powerful skill.
Luckily, this doesn’t need to be a complicated skill to learn. In fact, it can be surprisingly streamlined in the right hands. Daily signals rely on staying agile and moving fast with the markets. Once you’ve chosen the best day trading signals provider for you, doing so will be that much easier.
Main Types of Day Trading Signals
There are three main types of day trading signals that a smart investor can work into their investment strategy. Understanding the best technical indicators for day trading will prove a powerful asset to keep your portfolio growing and mitigate risks.
Signals Providers
Any outlets that help investors by sharing daily signals can be classified as signals providers. They could be daily trading signals websites, specialist Telegram channels, or social media feeds. At the provider’s discretion, the daily signals can be shared for free, or could be locked behind a fee.
Pros
The pros of these day trading signals providers are the ease and availability of the information. You can often expect multiple updates a day that help you trade and invest wisely.
Similarly, anyone who is learning how to invest smartly can learn daily signals easily with these channels and solutions. By leaning on the expertise of experienced investors, you can maximize your portfolio’s performance while gaining a deeper understanding of how daily signals work for yourself.
Cons
The cons of day trading signals are worth keeping in mind too. The biggest of these is that even the best day trading signals aren’t foolproof. Even the wisest investor makes a misstep from time to time, and sometimes this happens due to unpredictable shockwaves affecting the market.
You should always, as with any investment opportunity, do your own research and stay wise against scams. Although the solutions and advice we have listed below have been checked and vetted, there are bad actors out there keen to get their hands on your wealth by dishonest means. Stay vigilant.
Day Trading Indicators Signals
The best technical indicators for day trading are those that recognize patterns in price charts, or show behaviors that have been active in a particular stock, asset or type of market before.
Day trading indicators signals are given via day trading signals providers to indicate patterns such as Senkou Span B or Volume Weighted Average Price (VWAP) metrics.
Pros
The pros of this are that these day trading indicators are based on years of established knowledge and analysis of how markets work. Experienced investors understand the pressures and potential markets hold, and can often recognize indicators by analyzing a chart before the movements in the market take place.
Cons
Because so many day trading indicators are reliant on patterns and market behaviors that have happened before, they cannot always safeguard against extreme volatility.
Copy Trading Signals
Many investors may not have the time, confidence or level of experience to truly devote their time and energy to day trading signals. That’s perfectly understandable, and a big reason behind the success of copy trading – also known as social trading.
Copy trading signals often automate much of the process for you. The key to copy trading is that the investments advised, or enacted for you, are based on the investments and day reading habits of some of the world’s most experienced and advanced investment professionals.
Pros
The pros are that this makes copy trading perhaps one of the most accessible means of investing for those who feel inexperienced or lack the confidence to commit fully to day trading.
The great part is that as these automated or advised trades are made, you get the chance to learn day trading signals in a more protected way.
Cons
Some cons to keep in mind for copy trading signals is that it can be easy to take away your sense of autonomy and ability to read the market. It can be easy to fall into any mistakes that are made by other investors.
Top 8 Best Day Trading Signals Websites and Telegram Channels
ForexSignals.com
Trusted by over 80,000 forex traders all over the world, ForexSignals.com is a strong mix of your fellow traders and experienced mentors, all of whom make up an active and dynamic community.
This means the best technical indicators for day trading can be just as easily found in conversation with other members as it is via mentors and signal releases.
With five stars on TrustPilot and daily interactive streams hosted by experienced investors, ForexSignals.com is a great way for you to learn about day trading signals in a community setting.
Market Chameleon
Market Chameleon is a tool for financial market research that focuses on stocks and options trading signals. It gives you all kinds of handy tools, like market data throughout the day, news releases, and info on earnings and dividends. With a Market Chameleon Premium Subscription, you get exclusive content, detailed analysis, and an option to download data directly. It's a go-to place for learning about stock and options strategies. Plus, they have helpful videos that teach you how to find good trading opportunities using their website. So, Market Chameleon is a great choice for traders who want reliable stock and options signals.
The Trading Analyst
The Trading Analyst is a premium service that delivers real-time trading alerts for options through text messages. Led by seasoned options traders, the service uses a swing trading strategy, placing importance on trading volume. It offers simple-to-understand alerts that include precise signals and prices, plus access to a live portfolio tracker and a members-only weekly Trading Report, which provides a market outlook and portfolio updates. Already trusted by over 11,450 successful traders, The Trading Analyst has helped many attain their financial objectives and improve their trading skills. The Trading Analyst has earned positive reviews from its members and is regarded as one of the top options alert services.
RoboForex
RoboForex is a premier provider of trading signals, enhancing the trading experience for its users. Since 2009, it provides reliable signals across various financial instruments, such as stocks, ETFs, and currencies. RoboForex leverages the MetaTrader 4/5 platforms, which are well-regarded in the industry for their accuracy and timeliness. This enables traders to benefit from a wealth of professional trading signals for sound decision-making. Additionally, they offer a trading robot builder, adding to the automation capabilities of their platform. Known for its generous promotional offers, RoboForex goes the extra mile to ensure its clients receive outstanding benefits.
Learn 2 Trade
Trusted by both experienced investors and by newcomers looking to learn the ropes, Learn 2 Trade is a specialist daily signal provider that focuses both on international finances, as well as cryptocurrencies.
The forex day trading signals have proven the backbone of Learn 2 Trade, however. The day trading indicators and signals are accurate and verified. They’re sent to users via a premium Telegram channel, usually between three and five times per day.
This is alongside real-time day trading signals available online. Learn 2 Trade connects users to the world’s premiere financial markets, which makes its appeal to newcomers obvious – and its draw for investing veterans even more cemented.
Zignaly
So much interest has been building up around cryptocurrencies, NFTs and the metaverse. Yet because the industry is so volatile and new, the best daily signals for crypto are often still being discovered today.
Yet Zignaly stands to put the power back in users’ hands. Primarily a social trading platform and with a minimum investment of only a dollar, Zignaly shares signals but also functions by way of profit sharing incentives that enrich everyone involved.
A statement feature of Zignaly is that it functions without fees. As perhaps a bullish show of confidence, Zignaly advertises that its users only pay for its crypto day trading indicators when they actually make you profit.
AvaTrading
While many of our favorite daily signals specialists offer social trading, day trading signals and so forth, AvaTrading lets you combine automated and manual day trading signals.
You can use both of those options at the same time too. This level of versatility is a strong element in AvaTrading’s success, and with a minimum deposit of only $100 it’s easy to get started.
AvaTrade Copy Trading ReviewFXPremiere.com
Boasting up to 15 day trading signals per day via an exclusive Telegram channel, FXPremiere.com is popular with beginners – yet often stays a core component of many investors’ strategies over the long-term.
Promising 90% accuracy in day trading signals, all using low-risk investments, FXPremiere.com positions itself as a platform suitable for newcomers, experienced traders and those looking to diversify their assets.
A team of 20 professionals is at the helm at FXPremiere.com, and the platform has been in business since 2010. This level of longevity and experience gives many investors confidence that FXPremiere.com has some of the best technical indicators for day trading in the market today.
Best Day Trading Indicators
We have provided some indicators that traders often use.
Relative Strength Indicator (RSI)
Even if you’re new to learning day trading indicators, you’ve likely seen an RSI before. A line that runs between 0 and 100, an RSI is a way of measuring whether the price of an asset is trustworthy. The way the RSI line converges or diverges in relationship with price data advises investors when to invest or sell up.
Because an RSI works by showing if an asset is overbought or oversold, it’s a delayed day trading signal. Also, traders often play divergence between the indicator trend and the price trend.
RSI indicators, Source - TradingView
Simple Moving Average (SMA)
Every beginner to trading learns SMA day trading indicators. It’s a simple yet effective way of gauging the accurate growth of an asset over time, and the technique still remains relevant long into your trading career.
Advanced day trading signals rely on lines moving up and down in a pattern to mark when assets are bought and sold. The SMA smooths out these transactions into a more visually pleasing through-line.
That provides a late signal as to the upward or downward trends of an asset, giving day trading signals accordingly that inform your investment strategy.
SMA indicators, Source - TradingView
On Balance Volume (OBV)
One of the most trusted day trading indicators since its discovery in the 1960s is the OBV technique. The principle behind this day trading indicator is that the volume and price of a given traded asset ought to move in harmony.
Using OBV, traders can have an early predictive tool to see if and when a price is due to rise or fall, simply by gauging volume versus price. An increase in volume affects the price of an asset, and you can also use OBV to also learn how to tell when retail investors and institutions are entering and exiting the market.
Fibonacci Retracement
Of all the early day trading indicators in use by both advanced and beginner traders today, the Fibonacci Retracement technique remains among the most popular.
Using the Fibonacci numbers in mathematics, investors use Fibonacci Retracement to establish where the breakout, support and resistance lines are on a given asset’s stock price chart.
Using this information, investors can gauge if a price fall is a problem, if a sudden spike in price is a fluke or a true upward trend, and so forth. It’s a powerful way of fine-tuning your day trading signals to best work for you.
Fibonacci Retracement - TradingView
Volume Weighted Average Price (VWAP)
Another of the most trusted day trading indicators is VWAP. By breaking up the average price of an asset across the duration of a trading session, rather than the spikes and slopes of traditional graphs, VWAP is a delayed day trading signal that aims to steer investors to best recognize long-term trading and pricing trends.
As opposed to simply relying on the closing price of a given asset, this day trading indicator is used to evaluate the health of a given instrument. For example, if the price remains above the VWAP, a bullish sentiment is dominating that instrument, and investing deeper into it may well pay off.
Best Copy Trading Signals Providers
RoboForex CopyFX
A solid favorite among Traders Union users, RoboForex CopyFX features day trade signals enjoyed by a community of thousands. With only a $100 minimum investment, CopyFX lets you learn from more experienced traders – but also to set up your own daily signals for other users to copy too.
RoboForex CopyFX revieweToro CopyTrader
As one of the biggest names in investing, eToro’s CopyTrader daily signals solution is another hugely popular choice. Automatically matching the moves made by advanced and experienced investors, CopyTrader takes only a $200 minimum deposit to get going.
There are no hidden fees either, and if you want to make money offering your own day trading signals for others to copy, eToro’s Popular Investor Program will support you – and pay for your work.
eToro copy trading platform reviewMQL5
Positioned more as a marketplace for day trading signals and copy trading programs, MQL5 offers a huge range of automated programs and intelligent investors to copy the trades of.
These are gauged for reliability, which adds an important layer of transparency as to what programs to use and whose profiles to follow. Prices in USD are laid out for each of the listed day trading signals on offer, making this a platform where it pays to shop around.
MQL5 social trading platform reviewZuluTrade
By evaluating members on their performance in both the short and long term, ZuluTrade is able to sort the best technical indicators for day trading easily – and recommend who best to follow for copy trading too.
As a social trading platform, the community is vibrant and always keen to share strategies. With crypto, forex, stocks and commodities all featured, it’s a good way to copy trade with a diverse portfolio.
ZuluTrade copy trading platform reviewMyFxBook Autotrade
With no signup fee and a relatively simple subscription service in which you sign up to automatically replicate the best day trading strategies of advanced users, MyFxBook Autotrade is a powerful tool.
Emphasis is placed on the accuracy of the data used and presented. That means this is a great way to not only return on your investments via copy trading, but also learn day trading signals yourself too.
MyFxbook autotrade social trading platform reviewWhat Type Of Day Trading Signals Are Better?
Just as a diverse portfolio is always a wise investment strategy, it’s smart to keep a mix of day trading signals at hand.
Telegram messaging is fantastic for signals sent straight to your device, especially if you need to react fast to the market. Yet livestreams and more educational long-term day trading signals can help elevate your confidence as an investor overall.
Pros and Cons of Using Day Trading Signals
Day trading signals are an important tool for traders, assisting them in making informed and timely decisions in a fast-paced market. Despite their utility, the use of these signals comes with its own advantages and disadvantages.
Pros:
Time-saving
One of the primary advantages of day trading signals is the time they save. These signals eliminate the need for thorough market analysis, which can be quite time-consuming, especially for beginners. They provide precise entry and exit points, simplifying the trading process.
Increased confidence
Trading signals help reduce the stress and uncertainty associated with trading. Traders, especially novices, can execute trades with more confidence as the insights provided by these signals guide them.
Learning opportunity
Day trading signals provide a great learning platform for those new to trading. By following these signals, one can start understanding market patterns, trends, and strategies.
Diversification
Trading signals often cover a wide range of assets, allowing traders to diversify their portfolios. This can reduce risk and increase potential returns.
Cons:
Dependency on signals
Over-reliance on trading signals can hinder a trader's growth. It might prevent them from developing their own trading strategies or understanding the market deeply.
Subscription costs
Many trading signal providers charge subscription fees. Depending on the provider, these costs can be substantial, which might eat into potential profits.
Emotional detachment: Using trading signals could lead to emotional detachment. Since the signals largely make the trading decisions, traders might feel less involved in the process.
Best Platforms for Day Trading
Binance – Best for Crypto Day Trading
Few investors are sleeping on crypto any more, and for many, Binance is the broker of choice. From its ease of use to its industry-leading ways of spearheading new crypto day trading signals, the platform is trusted by retail and enterprise investors alike.
eOption - best for stocks and options day trading
With no minimum opening investment, eOption offers over 40 years of investment experience in an ebay to use platform. With day trading indicators baked into the interface, learning and earning go hand in hand here.
RoboForex - Best For Forex Day Trading
Thanks to its tight spreads and rapid order execution, RoboForex can easily keep pace with even the most active trading days in forex. There’s also an affiliate program boasting up to 70% profit sharing.
Summary
Day trading is often seen as high risk, high reward – yet with the right day trading indicators and the right platform, it can be very lucrative.
From copy trading to learn the ropes to advanced chart analysis, day trading signals are vital for every investor to learn.
FAQs
What are the best day trading signals?
Learn 2 Trade, Zignaly, ForexSignals.com, FXPremiere.com, AvaTrading are the best day trading signals.
What are day trading signals?
Day trading signals provide information about the future development of the market with a short and long notice for each trading day. This allows you to make informed decisions.
Are trade signals worth it?
Yes, using trading signals is beneficial for traders. This gives you more chances to make a profit.
Is day trading expensive?
Not at all – many day trading platforms have minimal fees and can be invested into with as little as $1.
How much time should I spend day trading daily?
That’s largely up to you, although day trading signals exist to streamline the process. Rather than poring over charts, you get updates or Telegram messages indicating the right time to buy, hold and sell.
How is day trading different from regular trading?
Most investors buy assets for long-term value appreciation. However, day trading has grown more popular both in stocks and crypto due to the volatility often shown by many assets in both these groups – where fortunes seem to change hands in the blink of an eye.
Should I day trade if I’m scared to lose money?
They say you should never invest what you can’t afford to lose – and they’re right. However, investors who feel less confident in their ability to read day trading signals often use copy trading both to safeguard their ROI and learn strategies to inform their own investment tactics in the future.
Team that worked on the article
Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.