Forex Signals
Member Since Jun 16, 2021
111 posts
Feb 11, 2022 at 04:12
To be honest I have not seen any reliable forex signal in my years of trading career. I do not follow any forex signal providers and instead generate my own.
Member Since Apr 09, 2019
538 posts
Mar 15, 2022 at 09:51
I don't think they are a good option. They create an emphasis on results rather than process as well as making creating the illusion that one size fits all.
If you can't spot the liquidity then you are the liquidity.
Mar 16, 2022 at 20:13
Even if signals are thorough enough to encompass all the necessary elements from entry to exit including risk, it still omits the most important: following someone’s signal is adopting her belief system, formalised in a trading system. Example: as a professional short seller, i am naturally risk adverse (prudent position sizing) but disciplined (take the trade, follow the system). This philosophical tenet transpires in my algorithms. This may not jive with someone who likes big high conviction bets. When You follow someone else’s system, remember that you half heartedly embrace someone else’s personality without fully understanding it.
Member Since Apr 09, 2019
538 posts
Mar 17, 2022 at 11:14
WimConrad posted:Sorry I never saw your reply. No I don't. I don't think signals offer anything positive to an aspiring trader. They create laziness and often push a trader towards a style of trading that they haven't arrived at naturally, again because they are focussed on making money rather than process at a crucial stage of their development. As you say, hopefully a good mentor gives you a number of ways to rad the markets and you can then go away and practice, testing to see which methods suit your eye and process, developing them further into your own defined strategy.
@sebking1986
Would you say that following signals can qualify as a trading system/ style?
Isn't the basis of a trading system your personal input and the development to fit your personality/ trading style?
I also agree that you cannot copy another person's trading system and expect it to suit you 100% - therefore even f you respect your mentor, do not try to follow everything he does blindly - develop all his good advice into your personal system.
If you can't spot the liquidity then you are the liquidity.
Member Since Jan 20, 2022
31 posts
Mar 25, 2022 at 04:21
I don’t think it’s a good idea to trust any signal provider just for their word. Always do a thorough research about the provider's background. Although, I don’t like to rely on any such signals personally, It would be great if OP has given more information or real examples to help traders make their decision.
Member Since Mar 17, 2022
47 posts
Apr 04, 2022 at 08:08
You seem to be quite confident about your trading signals. It’s good for you. But no thank you, I believe in my own analysis only.
Member Since Apr 09, 2019
538 posts
Apr 04, 2022 at 12:29
I think understanding the WHY of a trade is incredibly important. Signals just don't provide this and nothing can be learned from them.
If you can't spot the liquidity then you are the liquidity.
Apr 06, 2022 at 06:40
In a world full of scams, it’s not a good idea to believe in the forex signals coming from a random person. Either you should inquire about the trader’s background or test them on a demo account. Even if you find them okay, use them only as an opinion on your trades.
Apr 24, 2022 at 07:04
officialali_fx posted:sharabela posted:DavidPolianski posted:Nice to know that you have a signal providing service that has tremendous accuracy. I personally never like using signals from others though. Neither I encourage others to use one. However, I am wishing you all the very best.
If anyone is looking for forex signals, commodities, indices, crypto. Please contact me. 75%-80% accuracy
What if the signal providers also provided education, market analysis, fundamental analysis, COT Data analysis and retail sentiment data? This is what I usually provide to all my members and I currently have over 95% profitability on over 400 trades. (Which can be seen on my profile too).
I would also not recommend blindly following signals but if those services provide the above analysis too, it an be definitely beneficial especially to those newer traders who struggle with fundamentals.
Consistent make perfect
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