I know the service you are talking about and I agree they are useless. Bank traders do not sue signal services because they work in a bank surrounded by people. They have a job like other people but some of us do not want to be tied down with a job. I am a good trader but I see so much more in life than a computer screen and charts for a few hours a day.
I joined a signal service with a chatroom for a few reasons.
1) A chatroom allows you to socialize as if you had a real job, it is like standing around the water cooler at work. Forums do to but they do not provide the same comfort as direct communication. Sitting at home trading can be monotonous as I am sure everybody here knows. So the trade call room chat allows me to communicate with other traders and yes sometimes even bounce idea off of each other. Also in a chatroom every person that runs it has their place it significantly cuts down my work load, somebody monitors oil prices, somebody the stock market, others the news headlines. It is invaluable having all those people working together updating you. It allows more freedom I could look at the stock markets to help trade GBP/JPY 4 hour my self but why not let somebody do it for me.
2) The freedom of getting good trade calls, I learned how to trade and now I am good but there are times when I rather be out at a movie with a girl. There are times when I want to be watching sports with my friends and sometimes I want to be playing sports. I rock climb down steep cliffs, I enjoy it a lot the freedom of being alone for hundreds of miles around suspended hundreds of feet from the floor just by a rope. It is exhilarating, now imagine having a PDA in your pocket whilst rock climbing you get a message pull it out connect to your broker and take the trade. That is the freedom a good signal service can provide.
I will still take my own trades but at least I know I can go rock climbing or I can go get laid without worrying about GBP/JPY rushing up 500 pips and me not knowing about it.
II willt ell you why they do not offer a free services, because people exploit that. Make a new email every week and you can join for free indefinitely. You are wrong about the consistent monthly fees though, the service I am with has a 200 pip guaranteed. If the calls they make do not end in at least 200 pips profit you get a refund.
You gave me one example of a bad service I can give you twenty but that does not mean I have to group all of them together and say they are all bad.
You are saying you didn't realize you were wrong you definitely changed your tune. First you said all bad now you say some are good!
It is best to learn yourself I do not doubt that and giving free signals is definitely admirable. I am not arguing that I am arguing that I am arguing you saying that all services are bad. You said that and you changed the wording yourself so what is it?
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