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Does a Free Signal Provider Exist?

  • #21
  • May 4, 2013 4:09am May 4, 2013 4:09am
Hey WARaintOVER,

I do not suggest you follow a signal. By the time you figure out its not worth it, & 99.9% of the time it is, you could have been developing your own trading style.

My2Cents,

-ILZ
“Control, control, you must learn control!” - Yoda
  • #22
  • May 5, 2013 5:43am May 5, 2013 5:43am
Quoting Jotto999
{quote} 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...
Actually I am not doing this hedging but I think it is good idea because I was seeing at one free signal service trade results and most of the trades were hiting SL.
  • #23
  • May 5, 2013 8:27am May 5, 2013 8:27am
Quoting ilzalama
Hey WARaintOVER, I do not suggest you follow a signal. By the time you figure out its not worth it, & 99.9% of the time it is, you could have been developing your own trading style. My2Cents, -ILZ
That's an advantage of receiving signals. Receiving signals may sometime help us to develop our own strategy. My brother had such an experience.
  • #24
  • May 6, 2013 12:53pm May 6, 2013 12:53pm
Quoting Bhoopalan
{quote} 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.
True dat' and the ironic fact is that due to lack of space in few cemeteries, they actually bury more than 2 per lot..and due to lack of living space, some (still alive) even reside in burial crypts (Philippines). I got to say that on visiting the home of a local art dealer, for some tea, got the shock of having to lean against the grave stone..not kidding and not keen on a repeat visit.
  • #25
  • May 8, 2013 7:05pm May 8, 2013 7:05pm
Quoting Jotto999
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...

I really like what you said ..
  • #26
  • May 17, 2013 2:23pm May 17, 2013 2:23pm
Quoting Bhoopalan
{quote} That's an advantage of receiving signals. Receiving signals may sometime help us to develop our own strategy. My brother had such an experience.
Have you visited signal factory? They have been sending many free signals everyday. Try it and tell us what strategy could you made out of those signals. I think they just send anything with TP and SL.
  • #27
  • May 30, 2013 7:49am May 30, 2013 7:49am
There are plenty of free signals, but I doubt they are really reliable
  • #28
  • May 30, 2013 11:34pm May 30, 2013 11:34pm
Don't trust free signals mate. That's risky.

Because now a days paid signals also not so profitable & reliable. It's always better to trade by yourself.
  • #29
  • May 31, 2013 2:30am May 31, 2013 2:30am
Some good traders show enough kindness to give free signals but soon they turn their service to paid one when some newbie traders starts enjoying their signals. Its like an advertising act from them.
  • #30
  • May 31, 2013 1:41pm May 31, 2013 1:41pm
There's no such thing as a free lunch and the same, applies to free signals 'though this reply should not be taken to mean that "paid signals always deliver" which is not the case.
  • #31
  • Jun 14, 2013 6:42am Jun 14, 2013 6:42am
Quoting Forexnuts
There's no such thing as a free lunch and the same, applies to free signals 'though this reply should not be taken to mean that "paid signals always deliver" which is not the case.
I don't agree with you, there are some good fellow traders that have signal service that they don't ask money for. but the follower traders don't give too much importance to free signal and for this reason its not that successful.
  • #32
  • Jun 14, 2013 7:49am Jun 14, 2013 7:49am
my friend, it is hard to find the good signal even if you pay the money. Many people in my country provde this, but I do not follow. Mother tell me people not always have good intent in the heart, now I listen to this. The good advice is listen not one person, only yourself. For happen this you need to study. Learn to read the charts. This advice is worth many dollars, euros, pounds or whatever your account want it.
I making the big monies, so far +10 pips. Follow me if you nice guy...
  • #33
  • Jun 14, 2013 10:59am Jun 14, 2013 10:59am
yes, one does exist...

it's called YOUR BRAIN and if you train it it will give you signals

some might even be good ones
https://linktr.ee/Soultrader
  • #34
  • Jul 28, 2013 1:03am Jul 28, 2013 1:03am
Quoting soultrader
yes, one does exist... it's called YOUR BRAIN and if you train it it will give you signals some might even be good ones
ha ha, nice one. We can use our brain to get signals from it but first we are in need to feed the necessary knowledge that is important for the brain to know before giving out any signal to us.
  • #35
  • Jul 31, 2013 12:44am Jul 31, 2013 12:44am
I'll be a bit cheeky here, but completely in the spirit of fun, and quote a few lines from Mr Edwin Lefevre's excellent novel/trading guide: Reminiscences of a Stock Operator (1923). Proof positive that there's nothing new under the sun and that the speculation game has always by and large been the same story.

"It has always seemed to me the height of damfoolishness to trade on tips. I suppose I am not built the way a tip-taker is. I sometimes think that tip-takers are like drunkards. There are some who can't resist the craving and always look forward to those jags which they consider indispensable to their happiness. It is so easy to open your ears and let the tip in. To be told precisely what to do to be happy in such a manner that you can easily obey is the next nicest thing to being happy—which is a mighty long first step toward the fulfillment of your heart's desire. It is not so much greed made blind by eagerness as it is hope bandaged by the unwillingness to do any thinking."
  • #36
  • Feb 25, 2017 2:04pm Feb 25, 2017 2:04pm
I found this good free signals telegram channel which I though of sharing with you:

https://t.me/AAAAAEKoefSjjhNmSin6Pw
  • #37
  • Feb 26, 2017 4:01am Feb 26, 2017 4:01am
Why will some one give his own experience for free to any one, he might not be stupid. To earn, you have to spent something. There is no easy way for getting money for free.
  • #38
  • Feb 26, 2017 11:13am Feb 26, 2017 11:13am
There are many free signals channels on Telegram that I found. Recently, i followed this one and I liked it.
  • #39
  • Mar 1, 2017 9:33pm Mar 1, 2017 9:33pm
I still dont understand why someone is wasting their times to make others rich and share their hard work for free with channels.
  • #40
  • Mar 2, 2017 9:34am Mar 2, 2017 9:34am
I could not imagine somebody sharing profitable strategy for free. Its just against human nature
On the other hand, many similar service providers offer free trials which is a good way to test their strategy and decide whether it suits your needs or not.
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