moonchild
VIP Contributor
Forex Alerts are sets of instructions that help you to know when a trade have reach a particular level, alerts can come in different forms ranging from a phone call to messages to mails, it all depends on your plans and how much you can afford to pay.
A scenario where trade alerts are useful is, most of the times when you are analyzing the market, price have not reach your desired level, most of us will just leave the trade and we'll be checking after some time and then enter when you are it reaches our desired level.
This can be stressful depending on the kind of individual you are if you're busy with other work, it can be really exhausting.
With alerts all you have to do is, draw your line to where you want to take action and place an alert there, you can also set up your alerts in the medium you want.
This feature is not available on mt4 or mt5, to be able to access this feature you have to use Trading View premium plan, it cost around 50$ monthly.
But believe me, the advantages far outweigh the disadvantages.
I use trading view too for analysis and many other cool stuffs.
A scenario where trade alerts are useful is, most of the times when you are analyzing the market, price have not reach your desired level, most of us will just leave the trade and we'll be checking after some time and then enter when you are it reaches our desired level.
This can be stressful depending on the kind of individual you are if you're busy with other work, it can be really exhausting.
With alerts all you have to do is, draw your line to where you want to take action and place an alert there, you can also set up your alerts in the medium you want.
This feature is not available on mt4 or mt5, to be able to access this feature you have to use Trading View premium plan, it cost around 50$ monthly.
But believe me, the advantages far outweigh the disadvantages.
I use trading view too for analysis and many other cool stuffs.
