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Forex Trading Signals

  • #1
  • First Post: Jun 10, 2017 2:39pm Jun 10, 2017 2:39pm
What are your thoughts on subscribing to Forex signal services? i.e. SignalStart, MQL signal, zulutrade, etc etc

I have checked them out and some of the signal providers have amazing returns. I know they may not have consistent high returns, but then we can always subscribe to multiple signals to average out and still be much positive.

I wanted to get an general opinion about positive and negative of using such signals?
  • #2
  • Jun 12, 2017 11:02pm Jun 12, 2017 11:02pm
I have horrible experience with ZuluTrade! Yes, I also picked up a trader with amazing return! But don’t know, how that trader lost his momentum when I started to follow him! By the way, now I trade manually! I believe manual trading is much stable than automatic trading!
  • #3
  • Jun 13, 2017 12:14am Jun 13, 2017 12:14am
problem is how do you know you are not playing your broker your broker can ditch and reap your money , over the years seen new people join them and it seems allways their money was gone
people leave, but this thread will go on for ever
  • #4
  • Jun 13, 2017 12:32am Jun 13, 2017 12:32am
Signals providers are usually in cahoots with brokers to encourage you to trade more often, and in the long run, cause you to blow your account. I have always wondered, why would someone who have such great signal (that works in the long run) or trading methods sell you their method / signal for a monthly subscription? They could have made a lot of money trading themselves quietly if their signals were to be that good.
  • #5
  • Jun 13, 2017 1:12am Jun 13, 2017 1:12am
Quoting rpm2008
Signals providers are usually in cahoots with brokers to encourage you to trade more often, and in the long run, cause you to blow your account. I have always wondered, why would someone who have such great signal (that works in the long run) or trading methods sell you their method / signal for a monthly subscription? They could have made a lot of money trading themselves quietly if their signals were to be that good.
if its to good to be true ")
people leave, but this thread will go on for ever
  • #6
  • Jun 13, 2017 2:22am Jun 13, 2017 2:22am
Quoting DarrenLehma
I have horrible experience with ZuluTrade! Yes, I also picked up a trader with amazing return! But dont know, how that trader lost his momentum when I started to follow him! By the way, now I trade manually! I believe manual trading is much stable than automatic trading!
I think so! I have also read so many negative reviews about this site! That’s really unfortunate, when you are following a trader who has a great trading result and starts to lose money after your final decision!
  • #7
  • Jun 13, 2017 7:53pm Jun 13, 2017 7:53pm
One of the ways that they manage to show remarkable performance is that they never close badly losing trades. Performance of course is based on closed trades only.
  • #8
  • Last Post: Jun 16, 2017 4:40am Jun 16, 2017 4:40am
Quoting profitkeeper
One of the ways that they manage to show remarkable performance is that they never close badly losing trades. Performance of course is based on closed trades only.
You are right! But performance of all signals (that I know of) is showed in Growth as well as Equity. Equity is not based on just closed trade. It reflects the day-to-day drawdowns of all open trades as well.
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