Signals are profitable?

Aug 07, 2017 at 06:31
2,946 Views
45 Replies
Mashallah
forex_trader_445428
Member Since Jul 19, 2017   90 posts
Aug 07, 2017 at 06:31
If you have a profitable system, Do you agree to be a signal provider?

what long term benefits you see in this career opportunity?

Please discuss.
Member Since Jun 14, 2017   11 posts
Aug 08, 2017 at 14:48
Could be good for proof of steady income if you need a loan or mortgage. Banks don't look at trading income very favourably
Mashallah
forex_trader_445428
Member Since Jul 19, 2017   90 posts
Aug 09, 2017 at 06:21
LogiBear posted:
Could be good for proof of steady income if you need a loan or mortgage. Banks don't look at trading income very favourably

yes this is a good point thank you for pointing it out. also in few countries trading foreign exchange in not allowed so this can be helpful.
Member Since Apr 18, 2017   718 posts
Aug 09, 2017 at 06:25
No future with signal service or anything about automatic trading! Only manual trading is real, means no way by depending on others!
Mashallah
forex_trader_445428
Member Since Jul 19, 2017   90 posts
Aug 09, 2017 at 11:50
AmDiab posted:
No future with signal service or anything about automatic trading! Only manual trading is real, means no way by depending on others!

why do you think that? I have automated strategy and it is working great!!!
Member Since Apr 18, 2017   920 posts
Aug 13, 2017 at 06:28
Mashallah posted:
If you have a profitable system, Do you agree to be a signal provider?

what long term benefits you see in this career opportunity?

Please discuss.

I am not against on automatic service! But I seem, manual trading is much better than signal service! Here, you are the king of your kingdom!
Member Since Apr 18, 2017   718 posts
Aug 13, 2017 at 07:16
Mashallah posted:
AmDiab posted:
No future with signal service or anything about automatic trading! Only manual trading is real, means no way by depending on others!

why do you think that? I have automated strategy and it is working great!!!

Then, please give your investor password or any direct link to your account!
Member Since Jul 23, 2020   869 posts
Aug 20, 2020 at 16:13
Signal service can be a great toll, if you know how to use it. You need to understand how this tool works, in other words, what strategy your signal provider is using to place the trades. Also, it's very important to understand money management which is the only thing you can control.
Member Since Jul 19, 2020   318 posts
Aug 20, 2020 at 17:59
I think manual trading will be the best option to make money from this market.
Member Since Jul 19, 2020   751 posts
Aug 24, 2020 at 15:41
Signals trading ruins your own ability. You become dependant on others. It becomes difficult to develop self confidence. Moreover by following signal it's not possible to be successful. Because you only follow the signals, you don't get the market emotions.
Member Since Jul 20, 2020   341 posts
Aug 25, 2020 at 07:09
Yes. but not always. To make a profit with signals you need to have proper knowledge and experiences.
Member Since Feb 07, 2020   41 posts
Aug 25, 2020 at 09:32
Signals are uncertain it is not advisable to do the trading on the basis of the signals. They are sometimes very profitable but sometimes they are not at all. So, do not completely depend upon the signal use them for reference purposes but not accept it as a daily practice.
Member Since May 08, 2020   4 posts
Aug 25, 2020 at 11:11
I can not rely on forex signals. You need to enough experienced in order to trade with signals.
Member Since Mar 17, 2021   536 posts
Apr 21, 2021 at 16:37
ElliotCooke posted:
Yes. but not always. To make a profit with signals you need to have proper knowledge and experiences.
Knowledge is very important to make money from this market.
Member Since Oct 16, 2020   137 posts
Apr 22, 2021 at 11:19
Manual trading looks best to me. Relying on signal providers is something I can’t do. It adds to my anxiety.
Member Since Jul 23, 2020   759 posts
Apr 22, 2021 at 15:59
78678676 posted:
Manual trading looks best to me. Relying on signal providers is something I can’t do. It adds to my anxiety.
Me also. I don’t want to lose because of other’s mistake.
Member Since Jul 19, 2020   788 posts
Apr 22, 2021 at 16:57
Knowledge is very important to gain trading profit. I think I have to learn to trade on my own.
Member Since Apr 03, 2021   470 posts
Apr 22, 2021 at 22:31
I have no experience using signal, but when trying to monitoring and try, they also have a mistake and not always true.
Still prefer to develop based own strategy instead use signal.
Member Since Jul 19, 2020   751 posts
Apr 27, 2021 at 13:34
Signals is not profitable. Because signal providers give a lot of signals everyone. And it is not possible for anyone to follow all the signals. Suppose you opened 3 trades and all 3 hit stop loss but some other signals were profitable. In average they are giving green pips but you are losing.
Member Since Jul 19, 2020   788 posts
Apr 27, 2021 at 15:58
UweMoench posted:
Signals is not profitable. Because signal providers give a lot of signals everyone. And it is not possible for anyone to follow all the signals. Suppose you opened 3 trades and all 3 hit stop loss but some other signals were profitable. In average they are giving green pips but you are losing.
There is an argument. Because it is necessary to manage the trade after trading according to the signal. If that management is not done properly, it will be a bit difficult to make a profit.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.