Correctly used intraday trading alerts can enhance your trading performance. From using simple technical signals to general trade news and alerts, they can all help you maintain an edge over the rest of the market. This page will look at exactly what daily trading alerts are used for and in the markets, including stocks, currencies and futures. It then breaks down the best alerts for day trading and how you can use them to increase your profits.

 

 

What are intraday trading alerts?

As a day trader, you are given a number of obstacles to overcome. How do you choose between thousands of different stocks? How do you react to news announcements ahead of the rest of the market? This is where day trading alerts come in. Simply put, they alert you when a particular event takes place. This event could be market developments, technical indicators or the attainment of a defined price target. Armed with this information, you can act or react quickly, increasing your chances of taking a profit. during the day. You may want to pay more attention to a particular stock, or it may tell you you need to enter or exit a trade. You can get free and simple trading signals that come with your trading platform and you may receive additional, complex alerts that come with the price. The complexity of your alerts will depend on your individual trading style and needs. In general, however, you can divide trading alerts into several categories.

News announcements

Every second counts when you aim to profit from small intraday market changes. So if an app can make you aware of relevant news announcements as quickly as possible, you can maximize profits. The best news alerts of its kind will also come with commentary and analysis to enhance your trading decisions.

Technical warning

These will be based on technical analysis. You can create trading alerts based on most popular indicators, including:

  • Moving Average
  • Exponential moving average
  • Index
  • Index
  • Random
  • Bollinger Bands
  • Standard deviation
  • Share (CFD)

Most providers allow you to set and create notifications easily through charts. You can also create different conditions by combining several different indicators. So you can have momentum trading alerts working in conjunction with the moving averages, for example.

Price Alerts

This allows you to respond to price movements as they happen. They generate instant buy and sell signals on all markets. Some providers will also let you choose between price alerts and price change alerts, which will reset automatically once triggered.

These live alerts are often accompanied by risk management advice to ensure you keep your losses to a minimum, in case the strategy doesn’t pay off.

Economic warning

If you think the market will react to specific economic events, such as nonfarm payrolls, for example, you can set up an alert. Some platforms allow you to scroll through a tailored economic calendar and then tick the events you want to set reminders for. They will usually allow you to specify how you want to be notified and how much notification you want.

Available in the market

As technology has evolved, effective day trading alerts can be found for nearly all markets. You can now find automated signals for the following markets:

  • Futures (e.g. gold and wheat)
  • Stocks (eg Amazon & Google)
  • Forex (ex: GBP/USD & EUR/USD)
  • Commodities (e.g. oil and natural gas)
  • Binary options (e.g. forex/interest rates)
  • ETFs (Exchange-Traded Funds)
  • CFDs (Contracts for Difference)

So no matter what market you dive into, from the Bats, Nasdaq, Dax and NYSE, you’ll be able to set up live trading alerts with ease.

 

How to receive notifications

Trading Alerts on Charts

You can get your notifications in a few simple ways. You can subscribe to notifications that will pop up when you are actually in your web-based trading platform, such as TradingView. They will usually make a sound to notify you that an event of interest has occurred.

This event can be anything from a breach of a trendline or an indicator. This strategy is ideal for those interested in price action as opposed to static numbers. For example, if you draw a downtrend line, the alert will be triggered at a different value at 11:00 am than at 15:00 pm, purely as a result of the slope of the line. This means that your alerts can tell you two different things, both in terms of price and duration.

Alternative choice

You can also download dedicated apps to provide you with professional trading alerts. In addition, you can receive mobile SMS notifications. This allows you to respond to important market developments even when you are on the go.

There’s even a Twitter alert option. That’s right, you can stay up to date with Donald Trump at the same time as receiving important transactional information. If that’s not preferred, you can set up email notifications and absorb data that way.

Technology now allows you to receive your notifications in whatever medium best suits your needs. For example, a day trader glued to a screen all day can benefit most from alerts on their web-based platform. A trader who trades part of the day while making other commitments might prefer SMS notifications.

It’s about finding a system that compliments your trading style and will allow you to digest and act on the information as quickly as possible.

Why use Alerts?

Alerts offer savvy traders a number of invaluable benefits:

  • Offline – If you’ve been watching a stock all day, you don’t want to miss an opportunity just because you have to make a quick withdrawal. Notifications can be sent straight to your mobile phone or tablet so you know, when you’re not at your desk.
  • Timing – Instead of spending all day tracking stocks and doing complicated calculations, you can program to your criteria and then receive price alerts when it’s time to strike. This allows you more time to focus on other important trading areas, such as risk management.
  • Automation – Traders can make mistakes, especially when the stakes are high. Some warning systems are now 100% automated, rely on high-precision math, and eliminate the margin of human error.
  • Speed – Instead of manually following the news, you can relax and let a system tailored to your market do the work. This means you can get notifications for upcoming events, reminders an hour before an event happens, plus instant alerts when news breaks. You can also get macroeconomic data as soon as they are released.
  • Ease of Use – As apps are continuously improved, you can get notifications faster and easier than ever. You can receive notifications by way of mobile push notifications, in the platform and by email. So no matter what strategy you are using, from swing trading to reversals, you will find signal setup simple.
  • Details – Now you get more detailed and tailored information to your needs. You can be alerted to assets showing promising signs in terms of range, volume and volatility. You can also add multiple filters to block additional noise, making trading decisions simple.

 

 

How to use Trade Alerts

While using warnings is partly down to personal preference, there are also some basic ways you can take advantage of them.

Noise reduction

One of the benefits of trading alert software is that it can streamline the decision-making process by reducing market noise. This is especially helpful for beginners, who may feel overwhelmed by market scanners, news sites, blogs, and any other sources they tune into.

Alerts allow you to simplify the market because you can program your alerts to monitor stocks only after an alert has occurred. This will help you focus on honing your strategy instead of tracking any and all market activity.

With a little practice, you can eventually get to the point where you can set a trading alert the night before and only look at assets for the day if the alert is actually triggered.

Trade entry and exit

Go into your brokerage platform and you can set precise price target alerts so you’re aware of when stocks break out, for example. It doesn’t make a difference for how long or if the stock moves higher or lower you will automatically receive an alert when it’s time to take a trade.

Again, this frees up time from undue scrutiny, allowing you to focus on preparing for future trades.

Outstanding Mistakes

Most people just think alerts are useful to let you know when to enter a position, but they can also be used to recognize failures. Something that most people overlook. If you don’t learn from your mistakes, you will quickly find yourself deep in the red.

So how do you use warnings to flag mistakes? You set an alert for a key level, that if encountered will make you stop and think carefully. Some traders may well think that it’s basically just a stop. But use them correctly, and you can program them to warn you when you’re approaching a stop. Then you have the opportunity and time to react.

You can check if the stop is actually still valid, or simply a drop. If it’s a disturbance, you can stop some wriggly rooms to avoid traps.

Best Trading Alerts & Software

There are many day trading alert services available. While which one you choose will depend in part on your market, below some of the best have been collated.

Honest Forex Signals

If you are looking for FX (forex) trading signal alerts then this is a great choice. While not free, at $177 for a monthly subscription, you’ll get a ton of simple and complex signals to choose between. All are user-friendly and simple to set up.

They are also notoriously second to none for customer support. They are available and answer any customer questions almost instantly. So, if you are looking for a forex trading alert app to boost your trading performance, this is a decent choice.

Trade News

If your strategy depends on the use of news announcements, then this sound pack is well worth your consideration. You get breaking news, plus 24-hour instant analysis straight to your ear on the following topics:

  • Bonds
  • Treasury
  • Fixed income
  • Interest rate
  • Goods
  • Central bankers speak out
  • News energy
  • Natural disaster
  • Terrorism
  • Geopolitical development

In addition to the audio broadcasts, the NewsStation text platform is where you will find precise and detailed analytical moments after breaking announcements. If you are looking for a system that will make sure you are among the first to know, this is a wise choice.

Real-time stock tracking

If you are looking for FTSE announcements this is one of the best options around. This comprehensive app gives you real-time alerts on stock options, news, events, earnings, plus signal scans. If that’s not enough, you can create multiple watch lists, real-time streaming quotes, and interactive charts with over fifty technical indicators.

The only downside is that it’s currently only available in the App Store for iOS devices. However, as popularity and demand increase, an Android-based version may also emerge. However, it is still one of the best systems for receiving intraday stock trading alerts.

While those are three of the most popular choices, some other options worth considering are listed below:

  • 24option
  • Interior exchange
  • Monster trading
  • C squared
  • Tram
  • Air conditioning
  • Superman
  • Metatrader
  • FXCM trading station
  • IG
  • SuperAlertsPro

Can you profit from trading alert services?

Despite the promises of rich alert service providers, there are still some downsides to be aware of. First, remember that while there are many beneficial trading signals and alerts, they do not replace experience and they will not work without an effective strategy.

Second, you need to take the slippage into account. There will always be some lag in your alerts and ability to execute or exit trades, and as you day trade, every second and tick counts.

So there are a few questions to ask before you sign up for the ‘latest and greatest’ alert system: What is the actual content of a trade alert? Will it include details like entry price, stop loss and price target? Finally, how many other subscribers are subscribed to the same predefined alert? If it’s too much you may find yourself part of the trend and not ahead of the trend.

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