Broker Signals: What have your experiences been?

As the thread title states, if you have previously used broker signals what have your experiences been? And what was the strike rate in relation to profitable trades to non profitable trades? And are there any particular broker signals you would recommend?

Been browsing these forums and trying to get more familiar with day trading to come up with a suitable strategy but don’t even know where to begin especially when it comes to identifying entry points. So have been thinking to just setting up a live account and trading as per broker signals provided.

Thanks guys.

Thanks for the post. don’t do that. Money lost in theory is money lost in real life (probably more when you consider psychology).

Hi Ravs,

I would definitely do not use those signals. Actually I do not even need to explain why. If you ask yourself the following questions, you will hopefully figure out the answer:

“What is the main interest of a broker from the customers? Does it really want you to become a winning trader? How does a broker generate revenue to itself?”

In case you are a newbie, do some research, at least you will have a bit more understanding of what is going on and surely it will help you to decide if you want to take those signals.

Cheers,
FE