Binary Options Trader
Simplest EA needed: buy on signal, sell on signal 1 reply
Forex Scams, from Wikipedia 12 replies
"Signal-not found update signal-6216 in base" problem 0 replies
Are all EAs Scams? 10 replies
Forex Scams: How to Spot Them a Mile Away 25 replies
DislikedI was just wondering if all Signal Services are worthless, are even scams, thanks.Ignored
DislikedYes they can work very well. The key is to find the right one. I am very happy with the one I use. My favorite provider is also listed with FXDD autotrader which is a good way to use a signal service. I'm in the process of adding FXCM's autotrader to spread out the broker risk between the two signal autotrader services.Ignored
DislikedDoes having a different broker than your signal service provider prove problematic? The reason why I ask this is because it's well know that brokers have different price action.Ignored
DislikedI should add a couple of things after my last post.
You almost never do as well as a signal provider's track record shows even if you use the same broker. I discount their pip count by about 20% off the top. I am then pleasantly surprised if I do better than that. I have tried providers where the discount should be much higher. In fact I could not see how people ever made a profit.
Use great caution if you are considering trading your whole account through one signal provider. I only trade part of my account through signals and autotraders. I also use EAs and manual chart trading. I don't think it is a good idea to put too much faith in any one system.Ignored
DislikedI can't say they are scams, but think of the following:
If they could produce such sure-fire signals, then why aren't THEY trading them?
Also, you should take the time to produce your own signals.Ignored
DislikedI can't say they are scams, but think of the following:
If they could produce such sure-fire signals, then why aren't THEY trading them?
Clockwork71Ignored
DislikedThis is a common nonsense...
Let say you have a working system that produce 90% good signals.
Ok you trade it and make 10000$ each month
Now you sell your signals to 100 persons charging them 250$/month
Congratulation, you've just made an additional 25000$ without even looking at your chart !!!
Now you can make your choice here, let others trade your method and relax or trade the method yourself and stress...Ignored
DislikedIf you had a "working system" producing 90% good signals, you wouldn't make 10.000 a month, but millions in no time! So you'd have to be pretty dumb to share such a system (which, of course, doesn't exist!)
Your logic is pretty flawed!Ignored
DislikedIf you had a "working system" producing 90% good signals, you wouldn't make 10.000 a month, but millions in no time! So you'd have to be pretty dumb to share such a system (which, of course, doesn't exist!)
Your logic is pretty flawed!Ignored
DislikedA while ago a friend of mine considered providing a signal service.
The idea was that he'd advise half the subscribers to buy say GBP/USD and the other half he'd advise to sell.
Thus after every trade half the customers think the system is amazingly brilliant.Ignored