Is there any good forex signals providers?
i have serious problems in trading lately, been consecutive losing for few months, no confident to trade at all, please let me know if there is any good forex signals out there. Thank you.
Hey there,
It might be very difficult to find a good forex signal service out there. but i still belief there is some good service out there, at least i am following one (Forex Vice). I am not an affiliate or whatever, and i will not give you any affiliate link. if you are interested you can search for their website, i have been copying their signals for 4 months, and all 4 months are very profitable. And their money management strategy is quite good, so you don’t have to worry they will lose your money either.
July 12th, 2011 at 11:39 am
There are no good forex signal providers. The Forex market is highly unpredictable, and there is no site with a consistent history of good signals. Some will get lucky and have a short hot streak where they make a few good predictions, but none have been shown to be good over the long run.
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus. If you are losing money, you are only doing what is expected of most people. It’s time to realize you are not going to make money, and quit.
Forex is similar to what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. The net winnings of everyone combined equals zero. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It’s a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It’s a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap,com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.
I would recommend not trying to do Forex at all, unless you are a trained professional. It’s like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
Read the warnings in the links below:
References :
http://www.cftc.gov/opa/enf98/opaforexa15.htm
http://www.smartmoney.com/investing/stocks/a-new-refuge-for-day-traders-7584/
http://en.wikipedia.org/wiki/Forex_scams
http://www.cftc.gov/ConsumerProtection/FraudAwarenessPrevention/ForeignCurrencyTrading/index.htm
http://www.cftc.gov/ucm/groups/public/@cpfraudawarenessandprotection/documents/file/enfforexbrochure.pdf
http://finance.yahoo.com/banking-budgeting/article/111833/are-forex-brokers-cheating-their-clients?mod=bb-budgeting&sec=topStories&pos=1&asset=&ccode=
July 12th, 2011 at 12:12 pm
Hey there,
It might be very difficult to find a good forex signal service out there. but i still belief there is some good service out there, at least i am following one (Forex Vice). I am not an affiliate or whatever, and i will not give you any affiliate link. if you are interested you can search for their website, i have been copying their signals for 4 months, and all 4 months are very profitable. And their money management strategy is quite good, so you don’t have to worry they will lose your money either.
References :
http://www.forexvice.com
July 12th, 2011 at 12:34 pm
wow joe you have managed to copy an article off the internet which says to me you have no idea what you are talking about. All forex signal providers can have loosing runs and I have used many, I find the most successful signal providers to be honestforex. I have normally achieved 900 pip+ plus a month but sometimes you get weeks where you are down, because of this and with any other signal provider it is important that you have enough money in a forex account to be able to take losses. If you only have a small account it can be wiped out and you will have wasted money on signals and your account.
References :
http://www.bestforex-broker.com
July 12th, 2011 at 12:46 pm
You need to know what your doing because with Forex you can make allot of money but also you can lose allot of money if you don’t know what your doing.
You need to check out some articles from people who are successful in Forex and most of them tell you that you need to be patient.
Check out this article because it helped me allot! http://bizcovering.com/investing/forex-trading-education-things-you-should-know-about-forex-trading/
Good luck!
References :
My own experience.
July 12th, 2011 at 12:55 pm
Currently the most talked Forex signals on internet is Pro Trade Copycat from Forex expert David Henderson.
References :
http://forexprotrade.net/pro-trade-copycat-reviews-unbiased-opinion-forex-trading-platform.php
July 12th, 2011 at 1:12 pm
AMAZING! Here: http://getfor.info/140115/forex-signal
References :
http://getfor.info/140115/forex-signal
July 12th, 2011 at 1:51 pm
Here is how I trade to make money…
If you want, you can also follow these steps. I’ve dumbed it down to the easiest, yet safest way to win in the Forex.
1) Open a live account at http://bit.ly/iPV25O
Then sit back, relax and take a vacation as you make easy Forex money.
2) Select AAAFx broker, and open MICRO account with 200:1 leverage.
3) Deposit at least $300 in your account to start.
4) "Add to Portfolio" the top 20 strategies at http://bit.ly/mJiyZV
5) …when adding strategies, set maximum number of trades to 5, and…
6) …select lot size of 0.1 "mini" lots for each $1000 in your account.
7) It will trade automatically, following all those top 20 strategies.
References :
10+ year Forex trader