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Should Newbies turn to signal providers rather than trading themselves?

sid4spd
Jan 02 2017 at 12:06
23 posts
Hi Guys,

I am about to start my live trading forex journey.Every thing was planned out untill I came to this site and found this thing called 'Auto Trader' and 'signal start service' all promising hugh % returns for my principal...

using my strategy and trading manually, I could at the most get 2% a month...but these traders claim far higher returns..

Question is should a new trader allocate small capital and 'learn' to manage risk on that account and go for these signal providers or continue to hone their own strategy?

Any one experienced with these Bots are welcome to answer!

Never chase the market!
yersonv
Jan 02 2017 at 12:44
24 posts
@sid4spd As a new trader you must learn to manage your own risks in the account, only this is how a trader is able to develop his own strategy. However, turning to signal providers will help you get started with trading. The real time is violent, you can have the support of some signal providers and in turn work to develop your own strategy.
So when you grow into Forex you will have security in the trade you are doing.

yersonv
Jan 02 2017 at 12:44
24 posts
That is, the supplier will signal as a support point, but you do not put full confidence in it because you need to do your own strategy and do Auto trader.

sid4spd
Jan 02 2017 at 15:23
23 posts
thanks Yersonov.

I was planning to start my own trading with tight risk management and was trying to see if I could incorporate signal providers or autotrade in another smaller account with tight risk management ...but the thrill of getting hugh gains as stated by these systems was tempting....

...will not put all eggs in one basket!

Never chase the market!
rob559
Jan 03 2017 at 07:13
1916 posts
start by learning

Kesab
Jan 04 2017 at 08:17
5 posts
Try signal with demo - it helps a lot.
I'm also in jorney to find the ONE robot in the world full of scamm..

rayet
Jan 05 2017 at 07:59
12 posts
sid4spd posted:
Hi Guys,

I am about to start my live trading forex journey.Every thing was planned out untill I came to this site and found this thing called 'Auto Trader' and 'signal start service' all promising hugh % returns for my principal...

using my strategy and trading manually, I could at the most get 2% a month...but these traders claim far higher returns..

Question is should a new trader allocate small capital and 'learn' to manage risk on that account and go for these signal providers or continue to hone their own strategy?

Any one experienced with these Bots are welcome to answer!



You must start your trade so you do not expect to do Forex. And minimize the risks of your live account using programmers in a demo account. As you become practical in it.

rayet
Jan 05 2017 at 07:59
12 posts
Xiantero
Jan 17 2017 at 23:58
45 posts
Surely it is necessary to distinguish your main goal. If you came to forex to get rich by any possible means then you can subscribe to a provider if you find any decent one. Even straight away. But in this case, newbie will remain newbie for good. If you want to turn from newbie into professional, then it is vitally to trade yourself.

FxMasterGuru (FxMasterGuru)
Jan 18 2017 at 08:04
1607 posts
Xiantero posted:
Surely it is necessary to distinguish your main goal. If you came to forex to get rich by any possible means then you can subscribe to a provider if you find any decent one. Even straight away. But in this case, newbie will remain newbie for good. If you want to turn from newbie into professional, then it is vitally to trade yourself.


Well said, Xiantero!

I would also add:

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