What are signal providers and how do you use them?

What are signal providers and how do you use them? Do we just “plug-in” signal providers to our mt4 platform? I’m fairly new to forex so a more detailed explanation would be appreciated! :slight_smile:

Kind regards,
J

Hello Juande,
Please take time to study before using any of these so called “signal providers”. If making money was that easy, then all traders would have the plugins and would all be rich…
Grix

I am taking my time to study the whole thing, ofc. I see 2 months ahead of me learning the whole business (the forex spot markt) on demos, etc. This invention that is the signal provider tho, I want to learn more about (not that I’ll be [I]more[/I] enticed into going live if I knew how they worked).

If they ( provider ) went down, and you had a house payment, a car payment, food budget, college tuition, and anything else you spend your money on, what would you do? Dont become dependent on someone elses’ efforts…

Now, if you have no desire to learn, or even lack the mental capacity to trade, then its a tad differant. Dont expect much in return, and only invest in what you have ZERO interest in the money your about to hand over…

Forex trading isnt hard, but self control is the biggest variable.

Strap up them boots and jump in…

vision is a good thing, but from a honest view, don’t waste your time with signal providers. work hard develop your own methods and you enjoy all the success in trading.

Grix

signal provider will send you information about his/her trades and you will able to make the same trades in your account.

Alright. You guys win. I won’t even think of signal providers (for now).

Ohh ok, so that’s probably where all this “copy this trade” thing and its eventual evolution into a social media thing, eh?