Broker trading signals...

Has anyone tried FXCMs free trading signals yet?

Iv opened a demo account with them to test them out, so far with mixed results,

Most signals in the end (often after a large draw down) became profitable.

I noticed some obviously bad signals that did turn out to lose.

The individual results for the winning/losing trades were not displayed, as once they are closed they disappear, so it was very hard to see previous results.

Losing trades where removed and winners where left to run even if it meant they began to lose (possibly to allow the winners to remain on display).

Sometimes they would have contradicting trades a long and a short signals both long/medium term trades, not closing the winners,(again possibly to allow winners to remain on display).

These are just some things iv noticed and i would like to hear what others think.

I guess i just assume that people that use these signals will generaly be taking small positions and fxcm will have to take the opporsite position, as in if you win they lose, right? I assume they cant put these tiny positions into the market can they? So why would they want you to win long term?

But like i said most trades in the end became positive so i will keep testing.

you don't want to be taking signals from your broker. pick up "Beat The Forex Dealer" by Agustin Silvani for a clearer picture.

I have to agree with enochben. I use to trade with FXCM, but i switched brokers to Alpari UK now.

Anyway, i'm still able to look at the signals on DailyFX Plus but to be honest i don't think they are the best way of trading. I think the only way is to find a system you are comfortable with, which provides good signals and profitable in the longer term.

Hope this is helpful for you.

Yeah, that is how they all are. It is probably best you learn the market well enough to do your own signals. Unless you are trading side by side with someone you are certain has a solid handle on the market ... I wouldnt abide by anyone elses direction.