I'm based in the UK, has anyone tried the FOREX signals service. You pay a monthly subscription to have trade signals sent to you via SMS to enter or exit a trade; some are pretty expensive, but they claim higher profitable rate. Any thoughts ?
A Forex signal is a suggested trade for a currency pair made by a human analyst or automated Forex robot supplied to a subscriber of the Forex signal service.
A Forex signal is a suggestion for entering a trade on a currency pair, usually at a specific price and time. The signal is generated either by a human analyst or an automated Forex robot supplied to a subscriber of the forex signal service. Due to the timely nature of signals, they are usually communicated via email, website, SMS, RSS, tweet or other relatively immediate method. As Forex is popularly touted as a get-rich-quick method there are a number of services that supply signals of debatable quality, which do not answer the users' expectations for profits.
Some times those signals has a percentaje of sucess. Be careful, best way to earn is know tha market, know patterns, strategies, technical analysis, etc. and your own way of trading. But can help to you.
I wish there was a center for bourses (including FOREX platforms) that periodically reports the statistics about the number of individuals transacted and the number of people got more money than invested at a global scale. Computers allow many things to do. I think many institution of this industry would fiercely raise an objection to this idea and prevent such a report even though prepared unanimously. Because, this report would show the shocking reality. I guess %99.9 of the participants are losing money. Apart from a few people the only winners are some brokerage companies, industry institutions. Gambling casino never gets loss. What is important here is that the illusion must be kept alive. People must see that it is possible to have easy and effortless money that “can” be obtained through transactions in financial markets. Charming ads and encouraging comments attract people who are ready to be deceived. Who doesn’t like easy money? So, why don’t we get rich with just a little capital investment? Go rush to the financial markets to farewell hardly earned money.
I have tried forex signals with zulutrade
They are using very friendly cloud-based web interface for investors, also they have apps for mobile OS. Trades results are very detailed, rating system are not allways warking good, but search is great. They got more than 100000 active signal providers, own regulated broker in europe with no slippage and ah... all that for free. You have no risk getting scam by broker or signal provider there, but anyways you could lose your money there with bad trading.
One of the biggest lies of the history of humankind is the group of expressions that lead to the belief for the possibility of continuous gains through price movements. When it is true to buy something, someone must do the wrong action of selling. When it is true to sell something, someone must do the wrong action of buying. It is possible to fool somebody sometime. Even it is possible to fool some people sometime. But it is not possible to fool all the people all the time. You may suggest that there are very sophisticated money management techniques and different type of analysis approaches such as fundamental analysis, technical analysis, news analysis, even astrologic analysis. You may suggest that combining all of them can produce continuously profitable results. Indeed, this is what I exactly claim: They are usually worthless. Even if they could be helpful sometimes; eventually they fail and make you worse than what you are at the beginning. Why do they fail? Is it inevitable? Long story…