What Made You Join A Signal Service Provider?

Discussion in 'Forex' started by PriceAction Ltd, Dec 15, 2020.

  1. Nothing would make me join a (short term) signal provider.

    Newsletters or analysis/research on medium/long term macro-outlooks or similar would be of interest, though. But just to back/supplement my own views.

    At the end of the day you are on your own in this game.
     
    #11     Dec 16, 2020
  2. algoseek

    algoseek Sponsor

    If you haven't found out yet, the trading world is full of charlatans whose sole means of making money is by "teaching" others how to make money or selling one "profitable" system or another. They must have figured out that it's far easier to make money this way than to actually trade.

    In simple terms, signals don't work.
     
    #12     Dec 16, 2020
  3. I'm actually proud of the fact that I never paid for any expensive trading courses, signal services, chat rooms and so on. Spent a lot of money and time on books, though, which also were mostly a waste.

    It's my assumption that 80- 90 % in the 'teaching business' are crooks. The best you can hope for is some ideas/inspiration for further research. The funny thing is that once you start researching you'll often find that the truth is different than portrayed in much of what is 'taught'.
     
    #13     Dec 16, 2020
    PriceAction Ltd likes this.
  4. yordan

    yordan

    Yes, this is good too. Tenkofx offers this. They are some good traders with more than 12 months positive records. I have not been able to bring myself to invest in copy trading.
     
    #14     Dec 28, 2020
  5. shine

    shine

    I have never joined the services of signal providers. This will not teach you anything, you will just mindlessly copy other people's trades in the hope that they will be true and at the same time not know what strategy this trader-signal provider trades according to. A trader must develop and be able to independently assess the situation on the market in order to earn stably and not depend on anyone in his earnings. Isn't this the goal of a real trader?
     
    #15     Nov 7, 2024