I believe that in the long term, an automatic strategy without timely correction will lead to an account drain. since systematic changes in the market will not allow the algorithms set in the system to work.
It is profitable if you trade with a proper broker because most signal provides are good, but due to wrong brokers, they fail to meet the profit, which is why I trade with a reliable broker.
I am using Signal Start for my signals.. it's a additional bonus to my income stream and requires zero extra effort besides the initial setting up of it. If you have a system that is profitable and others can pay you to copy it, why not?
May 17 2021 at 07:43
You are right and they can be profitable at times but might not work all the time. I have tried to make use of them time and again but I don’t usually go about using signals. I focus on my strategy and reducing the risk in order to make a profitable trade.
May 17 2021 at 10:24
thats correct. they can be profitable but no one knows for how long. there is noit 100% guarantee
To be honest i'd not want be signal provider, even if i'd be much profitable.It's too much responsible. and most of all traders who take signals dont want be responsible for it.
May 17 2021 at 17:21
I also think manual trading is the best strategy to profit. If I want to become a profitable trader, I must believe in myself.
May 18 2021 at 00:00
I don't know, I can rely on signal trading in my daily trading activity, I realize if not always able to make a profit, but so far still enjoy my own trading strategy, this is like an art game, we can use and adopted strategy trading and try it, sometimes do something like as hobby although need sacrifice but as long make a fun, it's happy, just like people hobby to fishing, although they go the center river because fun then not scared, sometimes withdraw money sometimes margin call, its forex trading not always giving a stable profit.
May 30 2021 at 11:51
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.
Using signals brings in profits, but finding the right signal is a bit of a task, and they are not perfect every time, so it is better to use a good broker with a reliable signal to achieve good profits.
Jun 22 2021 at 12:29
This system looks very good and even the profits are high on this one.
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
Akasuki posted: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
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.
Jul 07 2021 at 06:17
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.
Jul 07 2021 at 07:50
yes, but after x times not all is profitable or lost part of profits
Jul 07 2021 at 08:04
yes they can be profitbale at times depending on on the provider and the strategies they follow. Never trust anyone blindly
Jul 07 2021 at 08:20
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.
Jul 08 2021 at 00:02
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.
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!
- 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!
Jul 20 2021 at 11:58
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.
@Marcellus8610
