Tag: signal seller

Do trading signals work?

2 min read

The answer is Yes!

Of course yes. A successful trader can be a great signals provider.

They work but you have to follow instructions, do right money management and choose a good signal provider that show real performance, not scammers.

Off course there are signal providers which work. Some are even free of costs to you, Some work on a subscription basis. The problem is to find the right signal on these platforms.

Yes, they do. Trading signals work.

But it has to combine with the overall market scenario as well. Awareness about the happening in the financial world on micro and macro levels is important to fully trust a trading signal.

Trading signals always require a stop loss to be put along while following a signal.

Trading Signals are meant to be an assistance, not reliance. One should never ever follow trading signals blindly.

Always do your own research before investing in any asset class be it forex crypto or stocks. Trading signals work as a good confluence for trade setups.

That helps!

Trading signals in Forex trading.

It is possible to find a number of courses for FX signals. There are a lot of websites that are dedicated to such a service, and social media makes it possible for people to share Forex signals free versions and premium versions. There are three main groups of people that are responsible for sending such signals out

Traders
Affiliates
Scammers

And you will see, many of them are scammers but a very few honest people are still out there.

Forex trading signals serve as signposts or indicators of when/how to act on a particular currency. It is important for investors to know how to read signals.

Trading signals work in a variety of designs, from bear/bull designs to geometric shapes, and can bring attention to important currency details.

Why should an investor have to know how to read these things? For the same reason, drivers have to learn how to recognize road signs: if you don’t know what the signs mean, you could end up ruined. Forex signal trading cannot be taken lightly. It is home to a rapidly changing environment where some online brokers manipulate the original data feed to cause errors in the marketplace and earn a profit over them

We show you these groups in the order in which they can be trusted.

It is common to find traders that are looking to share their ideas with the outside world.

Their main aim in doing so is to earn a reputation of being a good trader, help out other people, and simply support the place that was once supporting them when they were new to FX trading. Usually, it is possible to find traders that are sharing FX signals free on various forums.

What does such a trader, signal seller try to aim?

Traders try to send reliable signals by performing their own analysis and providing exactly the same information that they are using in their own trades

Affiliates represent another group of signal providers.

You can get free daily Forex signals from this group once you have signed up for an account with a broker using their affiliate link.

In this way, affiliates can still make a commission on the trades you make, but the signals remain free to you. However, not every person has enough time to support both his affiliate business and his trading activities.

So you should be cautious about this group of signal providers.

Sometimes the quality of their signals may drop because they put more accent on their own promotion. But you can still treat such signals with a decent level of trust.

But remember, it is a must to have former testing of their daily free Forex signals on a demo account.

Scammers are the people you should be avoided, because they are only interested in making an affiliate commission from you, or just making you purchase their ‘free’ signals. Such providers usually employ quite obvious methods of attracting clients. They provide a few free Forex signals online and later ask you to buy premium signals.

After you have signed up for free, you will be sent some signals, but they will do the same to the other people that have signed up.

Some of these people are going to receive BUY orders, others will be provided with SELL orders. This way a scammer can split his audience in half.

The first 50% is going to profitable and another 50% will be losing.

So do not fall for scams, as they cannot deliver anything close to the best Free forex signals. Some trading signals/strategies work very well as long as they aren’t “overused”.

You can have a go with them and see if they can produce what they claim. They have to let you know the result. If they can’t, never subscribe to that signal service!

Risk Disclosure (read carefully!)

11th September 2018
Signal Provider – How To Pick Right One?

Picking the good signal provider can be harder than anyone can imagine. Truly nightmare.

By Guy Avtalyon

A signal provider can help you but also ruin you. Many forex traders use forex signal providers’ services to make money. Traders who struggle to make profitable trades in the forex market can leverage off successful forex traders by using their signals in their trades.

Not every forex signal provider out there is authentic and attempting to make sense of which ones are con artists. And ones which are genuine can be an overwhelming assignment.

Finding the right signal provider is the challenge

Finding a reliable forex signal service can seem like a challenge. There are those signal providers that are professional and transparent.

And unfortunately, there are those providers that do not always have their members’ best interest in mind.

It is up to you. You have to do your due diligence. To be sure that you are working with an honest forex signals provider. The one you can trust and have faith in.

There are several things the trader would consider when are going to pick your signal provider.

A trader should be aware that there are a lot of hardcore scammers in the market. They are working very hard to provide fake, low quality, and substandard forex signals.

Most of these hardcore scammers have no background. Or training in any financial matters. And usually, feed the trader with performance statistics that are imaginary.

But yet convincing to a trader who is not smart enough.

The best way a trader can deal with this problem is by spending at least 5 minutes looking at what other traders are saying about this respective signals provider.

This will help him or her in making an informed and proper judgment.

Another way is by the trader looking at the level of detail contained in the signals provided by the forex signal provider. If he or she realizes that it just entails a few charts with a loss or profitable line, the trader has a reason to think twice before following such signals.

A trader should look for testimonials about various forex signal providers available in the market. A trader should look at what other players in the industry are saying about the available signal providers. This will enable the trader to choose the best provider in terms of accuracy, quality, timeliness, and affordability of the services offered.

What trader should check?

The trader should check the number of TPs the providers have in one trade.

Also, the trader should check how the providers put together the performance statistics.

Check if the providers have a trade by trade statistics.

The bottom line is that any trader who wants to be profitable in the long term should start learning by himself or herself about forex signals through experience and self-training.

If you search for forex signal providers on the web, you will most likely be unable to recognize the sites of scammers from genuine suppliers.

Scammers’ sites are so comparative and competitive.

Sometimes you can feel that clueless forex merchants typically get gotten in the scammer’s site rather than the genuine forex signal supplier. When they understood that the signal is not profiting, it would have been past the point of no return.

The scammers had officially taken the cash and it is past the point where it is possible to do anything.

Signal providers will give you entry and exit signals but remember you have no idea how they came up with the entry and exit points, all you have to do is follow.

With all these promises, you will be tempted to subscribe. That is the moment it will dawn on you that whatever you have subscribed to is a pack of lies.

Forex Signal providers are typically separated into two different groups

It is based on how they generate their trading ideas – technical analysis and fundamental analysts.

Technical Analysts base their trading decisions on chart analysis including support and resistance levels, candlestick patterns, price channels, market structure, or other technical approaches. Many technical analysts have a proprietary method for analyzing the markets. And the highly successful ones have spent many years researching and testing their methodology. All over historical data and in real-time market conditions.

Fundamental Analysts base their trading decisions on economic and news related data. This could be in the form of long-term interest rate analysis, inflation, central bank policy, employment reports, sentiment surveys, and more.

Some are longer-term position traders while many others are shorter-term traders that try to catch volatility spikes after an anticipated news release.

Some traders may think “reliable” means having a high win rate, but that is not really what you primarily want to be looking at.

Actually, win rates are not that important as a metric by itself. You must also analyze the average risk to reward in conjunction with the win rate.

There are strategies with 90% win rates that can lose money and then there are strategies with 30% win rates that can make money.

Another factor to consider is the technology the signal provider is using. Do they have a reliable platform to send out notifications and are there multiple ways for you to receive the alerts? But there is something important also. Do the trading alerts always detail the buy and sell signals, or present stop-loss levels and targets? Or do they only provide superficial information such as entries but no exit details? These are some of the factors you need to consider.

So how can you find out if a provider is reputable and worth your time?

Sign up for a Trial – Sometimes this the best way to get started is by signing up for a forex signals trial. You may get a real sense of the quality of service by diving in and taking a test drive. Many signal providers offer a 1 or 2 week trial for members.

Join their Email List – Another way to find a provider is by joining their email newsletter. You will find the value that they provide for free. So, you can evaluate whether their premium forex signals service will meet your expectations.

Check their Track Record – Every single reputable FX signal provider will implement a performance record detailing their published trades. This is a good way to find their average pip profit per month. Their risk parameters, average win percentage, and other related metrics.

Google them – Yes, simply Google them. Are they mentioned in any important trade publications or articles? What type of social following do they have?

Do everything possible to find with whom you are dealing. Just don’t be one of those naysayers.
Check it, try it, test it, and make your own conclusion.

10th September 2018