Has anyone used these charts to trade. they say they will tell u when to enter and exit and get u 55 pips a trade minimum
I would be weary of any such service… use the thing between your ears to trade. Do not rely on someone else, rely on yourself
Yes, Proact traders Charts, I use them.
They do not tell you that you get a minimum 55 pips. What they actually say is that you should stay in your trades for a minimum of 55 pips profit. That way in the long run you can be more profitable.
These charts are not some crazy scheme to get you money. They are a tool to help you to trade. You still have to know how to trade and it still takes hard work. I use the charts and they are a great tool.
I use them they are good but not for a new traders.
- For new traders it will get you in trades too late. By the time you get the signal it normally retraces.
- When the market really moves the charts works fine. but the market only really moves a few times a week which means you have to spend a lot of time watching charts waiting for the market to move.
- For a trader with experience they are great they show some good moving averages that the market normally bounces off.
- The company is trusted they have live training just about everyday.
Demo traders will do well because you score big when the market moves and since you have large lots you can leverage, it will seem like you can make a ton of money in a live account. Be careful with a live account start very, very small.
I wanted to post my point of view because when I started I didn’t find anything on them. The charts are good if you are already a successful trader. They do have some other programs for investing which they place the trades for you. I would diffidently trust them with that.
Even if they do work - which I highly doubt they are good and they offer free services it will strongly pay off in the long-run if you learn to trade yourself - it can take up up to 3 or more years but its a skill you will acquire forever.
If you don’t want to learn how to trade I recommend finding a skillful trader and allow him to manage your account for a commission.
Relying on someone blindly can hamper your trading profit. Rather you can take suggestions from them and try to evaluate the potential to determine the real picture. Once you are fully sure that the signals or charts they are providing to you are fully reliable you can take decisions as per their suggestions but still i must say: self dependence is the best way to survive,