Your toolbox price alerts

Your toolbox price alerts

As currency markets move around the clock, having a reliable alert service is important. This is because major setups can occur at any time, so if you have the ability to be warned when they come, you can put money to work in a market set up that you have determined previously. The Internet has several different places that you can go, but one of our favorites is Alert FX.

This website gives you the ability to put a price alert for most currency pairs, and the method of delivery is also an option. If your price gets hit, you can have the service send you an SMS when these things happen, and thereby put your money to work when the correct situation arises.

There are a multitude of applications out there that you can trade with as well that have the possibility of having price alerts set also, so obviously that is always an option if your brokerage offers that. Otherwise, this service allows you to not only get SMS signals, but RSS signals, email, ICQ, twitter, or even Google Talk.

This is especially important when there is a specific level that you are paying attention to. For example, if you have noticed that the Australian dollar has been banging up against the 0.80 level for several weeks, you know that a breach of that level will be important. In that situation, you simply put an alert on for your price, and when your cell phone let you know that it’s time to get involved, you do. It doesn’t matter if it’s in the middle of the night or the middle of the day, it gives you an opportunity to watch out for those major levels. I have used this more than once to get involved in what should be either a major trend change, or the next leg higher on the overall attitude of a currency. The best part of the services is that many of them are free.

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