DOES FOREX SIGNAL AND ROBOTS WORKS??
The first question you need to ask yourself is WHY DO YOU NEED SIGNAL OR ROBOT
And your answer may fall into these category
-Your busy you cant do your own analysis
-Your sick and tired of blowing up account
-Or your just that lazy you can't study the market to its core
(You can add other to the comment section)
A lot of traders and forex companies provide signal and robot system and hey its not for free you have to pay to be a member and their opening statement is OUR SIGNAL IS 90% ACCURACY. I mean, come on let think logicly here.
You want me to pay you between 3$ to 50$ to an industry with trading volume of 7 trillion dollar per day with your 90% accuracy strategy!? why your not like Warren Buffet already. It just doesn't add up.
The second question you need to ask yourself is why they sell signal and robot?
-Is it to help other trader make money like they do?
-Is it morality, I mean give back to community kind of stuff? (some use this)
-Or is it just another stream of income for them
You need to have that curiosity level high up and put everything into a question mark.
I my experience signal and robot never works and I don't think will ever work in any near future. And I mean will never works in terms of making you rich. You will make the provider rich and wealth but you, you will always be on the sideline. They will drive a nice car that you pay for it, live in a nice apartment, visiting nice place and dress well.
All these testimonial they show you is make you all pumped up so high and when you have that big loss, you surrender your guns and say here is my money send me your setup.
And all these testimonial they show you some are real and other its just scams. But let give them the benefit of the doubt. Lets say they all real ok, Forex Trading is psychological game, if a novice trader lose 500$ and the next day he makes 100$ profit, you will never hear him talk about 500$ loss, you will see him brag about 100$ profit he made and if it was the result of a signal, wow! he will write a very good thankful essay to his mentor. So a lot of these good feedback they have its just an adrenally push from subscribers.
Of course you can go and prove for yourself. Any opinion can only be real or true if you experience yourself, if you didn't experience yourself then all the above its just fugazi. Just proceed with caution.
How To Use Signal Constructive
If your still in learning stage find a signal provider who trade your style. Meaning if your a trend pullback trader find a provider who trade trend pullback only.
Close your eyes on screenshot they show you on how much money they make or if those signal can actually make you money.
Be that Sherlock Holmes in every setup they send you,I will recommend don't even trade them. And DOCUMENT EVERYTHING.
Remember the name of the game in any investment is to CONTROL RISK, is to control how much money is coming out of your pocket. If you chase money by not controlling risk you will be burned out. And if you control risk you will make money automatic.
TAKE HOME
Don't be lazy do the work, study the market and give yourself time. To give your money to someone to trade for you is for sophisticated investor, if your newbe put your energy to study.
If you decide to subscribe to a signal service don't forget to document everything
LogicFxTz... ✍️
Comments
Post a Comment