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Why Trading Signals Don't Work - Business - Nairaland

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Why Trading Signals Don't Work by ehigie50(m): 10:45pm On Nov 18, 2020
Before I start, I just want to define what a trading signal is for those unfamiliar with the term. It is when a trader tells you when to buy or sell a currency pair and also when to enter, when to go out and how to manage the trade which you usually pay a monthly subscription for.

Trading signals is one of the most controversial topics in trading, some people might not agree with me on this post but am going to tell you the truth about it. I have been trading actively for 3 years, so I will say I have a bit of experience in this field.

Now from the onset am just going to tell you the only people that benefit from trading signals are those that sell the signals and am going to tell you the reason why. But first I also want you to be aware that there are some fraudulent people that convince you to pay for their signals and then after paying they will block you.

But am not here to talk about those guys, am here to talk about the ones that claim to sell profitable signals. I know you might be thinking if am buying profitable signals how come am not going to make money. And the answer is simple it's not entirely the signals fault it's also the fault of you the trader.

The reason is simple any strategy created by any human being on earth goes through periods when it is not going to perform well, which is what we prefer to as drawdowns in trading. Professional traders know this and have tuned our mindset to the fact that we are not in the business of being right......
Re: Why Trading Signals Don't Work by SavageResponse(m): 4:13pm On Nov 19, 2020
ehigie50:
Before I start, I just want to define what a trading signal is for those unfamiliar with the term. It is when a trader tells you when to buy or sell a currency pair and also when to enter, when to go out and how to manage the trade which you usually pay a monthly subscription for.

Trading signals is one of the most controversial topics in trading, some people might not agree with me on this post but am going to tell you the truth about it. I have been trading actively for 3 years, so I will say I have a bit of experience in this field.

Now from the onset am just going to tell you the only people that benefit from trading signals are those that sell the signals and am going to tell you the reason why. But first I also want you to be aware that there are some fraudulent people that convince you to pay for their signals and then after paying they will block you.

But am not here to talk about those guys, am here to talk about the ones that claim to sell profitable signals. I know you might be thinking if am buying profitable signals how come am not going to make money. And the answer is simple it's not entirely the signals fault it's also the fault of you the trader.

The reason is simple any strategy created by any human being on earth goes through periods when it is not going to perform well, which is what we prefer to as drawdowns in trading. Professional traders know this and have tuned our mindset to the fact that we are not in the business of being right......

You have not said anything new.

Most people already know that most of the signals being sold are rubbish!

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