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Signals are profitable?

annataylor
Jun 22 at 12:29
1 Posts
This system looks very good and even the profits are high on this one.

Janphil (janphil31)
Jun 22 at 14:07
5 Posts
While I see the benefit of becoming a signal provider, why not become a full-on fund manager instead? I used to think that traders who are profitable need to set up and register an actual business for him/her to become a fund manager. Turns out it isn't the case. Forex brokers actually offer PAMM accounts so clients can easily invest in traders who are profitable. It's really a win-win situation for both the profitable trader (fund manager) and his/her clients.

“The secret of getting ahead is getting started.” – Mark Twain
gradking
Jun 23 at 06:12
15 Posts
Akasuki posted:
Not really. Signals are not profitable. Signals providers give you a lot of signals everyone. It is not possible to open all the trades they provide. In average they may have good winning percentage. But you will lose.

Agreed, not possible always. what I do to handle this situation is to keep my trading journal maintained and when I have sufficient funds with me I open positions

UweMoench
Jul 07 at 06:17
547 Posts
No signals are not profitable. If it were profitable for the long term, everyone would be rich. But it did not happen. So the results tell us it is not possible.

Dictiony
Jul 07 at 07:50
231 Posts
yes, but after x times not all is profitable or lost part of profits

lovefortrading (perryjohn765)
Jul 07 at 08:04
237 Posts
yes they can be profitbale at times depending on on the provider and the strategies they follow. Never trust anyone blindly

Tradelist45
Jul 07 at 08:20
144 Posts
some signals really important to bring profit rapidly but the main problem is any kind not trading signal not works for a long time , so be careful and never depends on completely.

Suradi (FXOday)
Jul 08 at 00:02
118 Posts
I never follow signal trading, but I think it unprofitable because although it's signal may profitable you as a follower don't understand the reason why to buy and why to sell, meanwhile, Traders need to understand the reason behind buying and sell orders before they entering the market, signal trading cant giving good lesson for a trader that really want to become trader, except they as investor trader, no matter don't understand the reason, as long as signal provider profitable they can make money from it.

Alan (alanproject)
Jul 17 at 08:28
10 Posts
My rules for following a signal

- Make sure is a long term strategy and has good history
- Avoid Martingale, Grid, Hedge, Scalping strategies.. these won't make money longer term
- Any strategy which targets less than 5 pips won't make any money - spreads differences between master and slave account, latency etc just makes it unfeasible
- Huge percentage returns means that they have taken a lot of risk.. these will blow your account
- Make sure your sizing is not too large.. work out max DD and ensure your account and trading size can accomodate it - should risk no more than 3-5% of account per trade
- Make sure you're using a regulated broker

Hope that helps!

Marcel Durham (MarcellusLux)
Jul 20 at 11:58
74 Posts
I haven't used signals, but I'm using the fund management platform. imo the choice of a signal provider requires careful analysis and monitoring for several months (at least), and diversification is also encouraged, the creation of a signals portfolio.

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