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Does a Free Signal Provider Exist?

  • #1
  • First Post: May 1, 2013 1:45am May 1, 2013 1:45am
Hi All

I still consider myself a noob in the world of forex .. So i am still looking for an honest free profitable signal provider .. Does it exist ??!!
  • #2
  • May 1, 2013 2:25am May 1, 2013 2:25am
Quoting WARaintOVER
Hi All I still consider myself a noob in the world of forex .. So i am still looking for an honest free profitable signal provider .. Does it exist ??!!
FREE?

been there done that, Good Bye
  • #3
  • May 1, 2013 2:26am May 1, 2013 2:26am
why some body would share profitable trade signals, which he learned by years of hard work and countless sleepless nights?

you want prepared food for FREE?
been there done that, Good Bye
  • #4
  • May 1, 2013 2:48am May 1, 2013 2:48am
Quoting WhiteHorse
why some body would share profitable trade signals, which he learned by years of hard work and countless sleepless nights? you want prepared food for FREE?

You have a point !
  • #5
  • May 1, 2013 3:05am May 1, 2013 3:05am
Quoting WARaintOVER
Hi All I still consider myself a noob in the world of forex .. So i am still looking for an honest free profitable signal provider .. Does it exist ??!!

Why don't you develop your own method ? Even for money you cannot find a good signal provider. Don't waste your time.
  • #6
  • May 1, 2013 7:43am May 1, 2013 7:43am
Hi,

Has a total newbie to Forex and this site, i personally would have thought it would be far better to learn how to read charts etc, before even thinking about looking into signal providers. The way i look at it in the world of Forex, there are thousands of providers claiming to have the Magic system to make you rich overnight, personally i dont think you can beat good old hard work, get ya hands dirty and learn.
  • #7
  • May 1, 2013 8:36am May 1, 2013 8:36am
I know what you're asking for, and I also know what you need. Unfortunately, they aren't the same thing. Stop treating this like a casino and start treating it like a business. What you need is knowledge of fundamentals, market structure, TA, risk management, and months or years of practice.

If a single product or strategy worked for everyone, then everyone would do it...and then it wouldn't work. If everyone knew price was going to rise to a certain level, it would actually already be there (who would sell for less?). The skill requirement in financial market speculation is a self-correcting system with its own equilibration. It's impossible for everyone to be the relative smart money. There are people out there who are willing to practice and study; do you really expect to beat them without doing so yourself?

Now ignore what I just said and look at some posts by the 10+ vouches members on this site.
  • #8
  • May 1, 2013 10:31am May 1, 2013 10:31am
So you have tried any signal provider? If you tried and still faces losses then you should do a thing. Follow the same signal provider and do the opposite and you can get good results.
  • #9
  • May 1, 2013 1:25pm May 1, 2013 1:25pm
Quoting hedging
So you have tried any signal provider? If you tried and still faces losses then you should do a thing. Follow the same signal provider and do the opposite and you can get good results.
It's a neat idea, but I don't think I've heard of anyone who makes a living hedging against signal provides. Why, do you do this? If so, for how long and with what results?

Doing the opposite of a losing strategy doesn't necessarily result in a winning strategy, especially in the long term. I'm sure this fact becomes apparent to traders of all levels during very choppy conditions, and then it's visibility recedes again during trends.

I'd be happy to change my mind if I knew of someone who actually did hedge against signal providers for a living.
  • #10
  • May 1, 2013 5:40pm May 1, 2013 5:40pm
Hi Jotto,

I've faded many signal providers and had consistent results. Reason being most FREE signal providers rely on long term swing trades with the trend so that they don't provide too many false signals. Best thing to do is just fade the signals until it stops working and then asses another provider.
  • #11
  • May 1, 2013 5:41pm May 1, 2013 5:41pm
Quoting WhiteHorse
why some body would share profitable trade signals, which he learned by years of hard work and countless sleepless nights? you want prepared food for FREE?
Every trader usually has an opinion when asked about a trade so in some ways that is a trading signal...
  • #12
  • May 1, 2013 9:46pm May 1, 2013 9:46pm
I really doubt it. But won't say never.

I am immediately suspicious of "sellers" of signal providers that they claim to be profitable. But for free ?

I doubt..
  • #13
  • May 1, 2013 11:00pm May 1, 2013 11:00pm
Quoting WARaintOVER
Hi All I still consider myself a noob in the world of forex .. So i am still looking for an honest free profitable signal provider .. Does it exist ??!!
honest free??
  • #14
  • May 2, 2013 2:15am May 2, 2013 2:15am
Quoting WARaintOVER
Hi All I still consider myself a noob in the world of forex .. So i am still looking for an honest free profitable signal provider .. Does it exist ??!!

in a word NO
  • #15
  • May 2, 2013 11:14pm May 2, 2013 11:14pm
A lot of brokers provide trading signal from Trading Central. They don't provide entry or exit points but do give an idea about which way the market is heading. But even their analysis isn't always completely accurate.
  • #16
  • May 2, 2013 11:17pm May 2, 2013 11:17pm
Quoting tony_montana
A lot of brokers provide trading signal from Trading Central. They don't provide entry or exit points but do give an idea about which way the market is heading. But even their analysis isn't always completely accurate.
Trading central has accuracy ratio of 20%
been there done that, Good Bye
  • #17
  • May 3, 2013 12:19am May 3, 2013 12:19am
Quoting tony_montana
A lot of brokers provide trading signal from Trading Central. They don't provide entry or exit points but do give an idea about which way the market is heading. But even their analysis isn't always completely accurate.
I tried them earlier but worthy. I can give signals better than them even though I am still a newbie.
  • #18
  • May 3, 2013 3:28am May 3, 2013 3:28am
Quoting WARaintOVER
Hi All I still consider myself a noob in the world of forex .. So i am still looking for an honest free profitable signal provider .. Does it exist ??!!
Honest + free + profitable , well, you can opt for any two but as for all three - no such luck yet.
  • #19
  • May 3, 2013 6:29am May 3, 2013 6:29am
Quoting Forexnuts
{quote} Honest + free + profitable , well, you can opt for any two but as for all three - no such luck yet.
When I read this post, I just recollected a joke I read sometimes ago: "A man was walking in a cemetary and he came upon a grave which had a headstone that said "here lies John Smith, Attorney at Law, a good man". The man thought for a moment and said to himself, "I didn't know that they began the practice of burying two men in the same grave in this cemetery. FREE, Profitable : Attorney at Law, a good man.
  • #20
  • May 3, 2013 7:55am May 3, 2013 7:55am
nothing in this world is free mate and thats a good thing. ask your self the question; I spent years making this system and now im going to give it to everyone so they can make money using it against me! its like sharing your wife... not even at gun point LOL
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