If you must follow or use the services of trading signals providers - page 6.

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: alastantiger on August 19, 2023, 01:38:24 AM

The advantage is that they will help you reduce your time spent in analysis. This is one of the best ways to make use of or follow trading signals channels or services. What is your opinion?

My opinion is that those who use signal groups only identify one advantage and that is the one you already mentioned. Other than that nothing else looks positive to me about copying trade. Someone who is sure of profit may not sell his money to other persons because that is what it appears to allow someone copy you off your trade even though you are also gaining or losing separately. My opinion is that most traders make losses likewise those running copy trading channels, what then is the point to copy someone's losses.

jeraldskie11

sr. member

Activity: 1316

Merit: 356

Since the beginning of my trading career, I haven't tried paying for trading signal services. I've seen that the most of them aren't really profitable because the majority of their indications fail to materialize. Most of them are only interested in making money off of other people. Other than that, risk management is highly important in preserving the funds in trading, but if the signals have a very low winning rate, your capital will be liquidated in the end. So, if you're going to trade using signals, make sure the person is profitable.

AicecreaME

sr. member

Activity: 2436

Merit: 455

Quote from: Oshosondy on August 19, 2023, 03:05:38 AM

The best that a trader can do is to never depend on signals. The best thing that a trader can do for himself is to learn, have knowledge and experience about trading even if he wants to use a signal or not.

As for me, I do not use signal because I know that the signal providers are only looking for ways to enrish their own pocket and nothing more.

If a trader follow the right thing to do in trading and not greedy, he will make money from it.

I definitely agree with you.

Trading using signals from signal providers are not profitable in the long run.

Because if suddenly the trading signal providers just stopped their service, the profit will also stop to those who are availing their service most of the time. Self study is the best because the knowledge will be engraved in your brain forever, no fees or whatsoever. Being independent is so much better rather than trusting your future to other people.

Yamane_Keto

hero member

Activity: 630

Merit: 510

What is the benefit of buying trading signals, and you will do your own research and verify them, and you may modify them or even avoid trusting them. Trading signals are for those who cannot trust their decisions, so they buy or follow them, and if you do not trust your abilities, do not trade in the first place. It can be said that the trading signals (if they are free) are part of your investment plan, as you search from that signal, but the paid signals are a loss of money. The business of selling trading signals is akin to the science of human development, they promise to make you feel good but all they do is sell dreams.

Oshosondy

legendary

Activity: 1652

Merit: 1208

Gamble responsibly

The best that a trader can do is to never depend on signals. The best thing that a trader can do for himself is to learn, have knowledge and experience about trading even if he wants to use a signal or not.

As for me, I do not use signal because I know that the signal providers are only looking for ways to enrish their own pocket and nothing more.

If a trader follow the right thing to do in trading and not greedy, he will make money from it.

alastantiger

sr. member

Activity: 728

Merit: 444

If you must follow or use the services of trading signals which is not bad in itself you should do so smartly. By smartly, I mean that at the beginning it is all about following and understanding the thinking process behind those signals and learning everyday. If you insist on using them, do not do so blindly, validate each signal provider by putting in the work. Record their past four to six months' trades on a spreadsheet and check them on historical charts. After you have done this, you may now proceed to choosing the ones consistently in profit despite their losing trades. The advantage is that they will help you reduce your time spent in analysis. This is one of the best ways to make use of or follow trading signals channels or services. What is your opinion?

Topic: If you must follow or use the services of trading signals providers - page 6. (Read 713 times)