As a beginner trader, many traders subscribe to trading signal services. Have you ever joined any? Why did you join them? What compelled you to join?
I did that before. Why? after attending numerous trading courses conducted by the professional talkers ( not professional traders), I still couldn't make it. So I subscribed to numerous signal service providers. Were signal service providers good? They were all great bullshitters. ALL of them were hopeless useless garbage unsuccessful traders.
Your note inspired me so I thought I would start a eminisignals.com darn that domain is available for 1500 bucks. That should tell how bad this is. Failed signal Champs are even selling cool domain names.
Beginners might join those because they do not know better or because they are not really looking to learn how to trade, but just want to find an easy way to become rich. Needless to say, almost all of those that are willing to throw their hard earned money at junk-services, will never learn nor become rich.....
Say no to signal providers. No successful trader would have time to be a signal vendor. You are better off with with PAMM or copy trading.
1. Learn their thought process 2. Save time doing research you are not interested in doing yourself 3. Use their performance as a benchmark. Obviously, you need to select the right service and understand that some will be waste of money.
I think if you can get good and reliable signal providers then you should start trading with them. But I think if a signal provider service is dull then it will harm your trading.