Recently was scammed by a fake signal provider. Wanted to warn the public. He never shows his stop losses. Screen shots a bunch of winning trades. Keeps an account smaller than what he brings in selling signals can lose.
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That (and many other related “tricks”) tend to be the lie of the land, with signal providers. For (among others) the reasons Lexys explained in this post:-
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A person who wants to be a good trader should not follow signals. It’s a very complicated thing. Even if you get a good trader as a signal provider, chances are low that you will make money. A person only can give you signals not his trading psychology. So it is better to stay away from any signal service. If making money is so easy everyone would make money by following signal service.
Good signal providers are good at Photoshop.
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Signal does not always works properly. So depending on signals is not a good practice. Though there are many good trading platform from which you will get good signals. But still it doesn’t mean that you will get good result. Because successful forex trading is something the combination of many things. So, if you wanted to get the good result you need to do a lots of practice to define how you can use the necessary elements as needed.
I see, mainly market maker brokers mainly offer this kind of feature (signal service).