Now, what servcies do this Signal Service provide you other than telling you that you buy/sell based on this and this… To me that is mechanical system that was relayed to you and then you jump off the bridge based on the signal. Right? UUUUUUUUUm, you even mentioned that your favorite signal servcies has a guaranteed 200 pips. Whenever I hear gauranteed performance in the Trading/Investing world, I say Run and run fast…
Mechanical means based on an EA or solely on tech analysis I know these guys use fundamental analysis, stock & commodity prices, and geopolitical news along with some tech analysis. They do not have a few MA’s and tell you to buy whenever they cross it is researched, explained and accurate. A mechanical system is one by which you enter when a line crosses but they actually analyse a whole lot of things to pick some good long term trades. That to me is not mechanical because they research trades.
If you weren’t so wrapped up in your ‘make myself look superior’ post you would have noticed they do not guarantee they will make you 200 pips they guarantee that if they don’t you get a refund. They do not promise returns they just promise your money back if they do not make profit.
What I said �If the calls they make do not end in at least 200 pips profit you get a refund.�
This shows just how stupid you are not once did I say guaranteed performance. A money back guarantee is a whole different thing. What have you got to say now man? I’ll give you some time to think it over…
In another line, you talk about how you are defneding the intention of the Signal Provider not the quality of the calls (e.g. someone making $150K by signing up with 500 subscribers.) The successful traders that I know pull in about $2M a year and can retire happily by earning 4% (repo sweep accounts) on their save investments without bothering to milk some $300 from rookie traders. Only and only average Trader can bother to devise such an scheme of generating income, in my opinion.
Made a fool of yourself again, if with a signal service you make $150,000 per month at the end of the year that is $1.8m a year without sitting at your PC trading. Of course there are expenses $100k or $200k per year for the person you higher to make the calls. That is still $1.5 million over the course of a year while you can be out partying and getting laid. You do not need to even retire on 4% you can just keep earning $1.5 million a year for the next 20 years.
If you wanted to retired at a young age through trading and you eventually reach that $2 million a year return after working your ass off when you retire you have to live off 4% of $2 mill, $4 mill even $20 mill. 4% of $20 mill is only $800,000 yearly. That is what the signal service guy makes in under 6 months by doing nothing.
So while your friends work their asses off reaching the point where they make $2 million that signal guy is out partying earning as much as your friends are. Who comes out on top? definitely not your friends working the next 10 year and retiring on 4% when that signal guy can retire before he turns 25 and make as much as they can.
What I have noticed is that successful people always try to better themselves while the rest stick with what they have. Your friends stick with what they have and retire at 30-40 with $800,000 per year. The signal guy retires before 25 with $1.5 mill per year, so let�s rethink this, who is the average trader?
Also when you say scheme you imply scam if the service is good and provides a nice return or your money back it is not a scheme. It is a legitimate business that provides a valuable service.
Of all your bold statements , this is the most troubling… “I may think differently to most traders here but notice I am not the one asking for help… they are!” If trading has not taught you humility, well so be it but save your bragging rights to yourself. I beleive there are many more successful traders in this pages who are freely sharing their ideas and thoughts without talking about what a good run they had over the Shanghai meltdown few weeks ago
Do I even need to touch this one? Most people here share generic ideas that just about every Forex trading ebook from free to $2000 says. The books all say the same thing and so do most of the people here.
Lets ponder this fact for a moment, if 95% of traders fail and 5% succeed why would you do the same as the 95%. You can bet that a huge part of the failures are reading a trading ebook this very minute. A trading ebook filled with the regurgitated crap I see on this forum. Are they winning by reading that? NO! next week they will go back to trading lose more and find a new ebook.
There are people here like jcarrier I am not picking on him but he private messaged me yesterday and I checked his post. He has been asking for help ever since he joined. You can bet that he has read every regurgitate post here and he is still asking for help.
I bragged about my 700 pips a few weeks ago and I will brag about my 400 pips this week. You know what though? I can brag about that and that is something 95% of people here can�t do. They are being blinded by this generic regurgitated material that the 95% of failures consider biblical. Biblical I love that word.