Forex signals don’t enjoy a very good reputation but I am thinking of giving them a try, just not sure if I should go for the paid ones or the free ones. What do you suggest?
Please take a look around, and feel free to .
Not very sure if free ones are as trustworthy as the paid ones! Paid ones seem to be a better option.I prefer free whatever it is.
precisely what I've been thinking.I also think it is necessary to gain some education by using free signals.
Yes, very true, if one has an idea on the strategies themselves they can surely give signals a shot.Education is very necessary for every new traders.
I don’t mind giving them a try just to get an idea.Signals isn't profitable. Because signal suppliers give a good deal of signals everybody. And it isn't feasible for anybody to follow each of the signal. Suppose you did 3 trades out 10 and your 3 hit stop loss but other signals were rewarding. In average they're providing green pips but you're losing.
Ya I don’t see any harm in using it for getting trade ideas.Must be flexible with the situation. However, knowledge can be created from free signals.
That’s the problem. It’s very hard to find a genuine signal provider and if you find one, the probability is that the signal provider will charge you very high fees. It indirectly increases the burden as you have to make more profits.If you want to find out more information about trading signals, then you would better try it for free. There are lots of such ones in the internet. There are some traders who trade professionally and give free signals. Howveer, this market is full of scammers, where most of traders conclude and agreement with brokers, and by this agreement, these traders should offer fake signals in order to let this broker to earn money. In my opinion, you should pay attention to all the details of such an activity. So, if you want to start trading with trading signals, then you should weigh all the risks and pay attention to paid signals from proved traders.