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How reliable are forex signals
- Thread starter Kingstone
- Start date
No one becomes a trader overnight. Trading requires spending time on chart reading and observing candlestick movement. If we spend much more time, we learn so many things in trading, as like you said, time also plays a major role.
I think it is very important and necessary that people understand this. Trading is not something you will just start and become an expert immediately because it takes experience and hard work.
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One thong i have come to understand about trading in forex and cryptocurency,is hat it will be very difficult to have someone that will give you a hundred percent success signal rate,but if the source is at least 80% ok then its a good one.
The signals you get is dependent on the trader you're getting it from and it signifies one thing - you're limited to the knowledge of the trader, because he can't give you what he doesn't have.
That's why it's good to have a good understanding of the market yourself.
That's why it's good to have a good understanding of the market yourself.
It depends on the experience and technical know-how of the signal provider.
There are signal providers that are very good at certain market conditions.
There are traders that are good in all market conditions because they've mastered seasonal tendencies in the market
There are signal providers that are very good at certain market conditions.
There are traders that are good in all market conditions because they've mastered seasonal tendencies in the market
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Sometimes, forex signals might not be reliable, even though some forex alerts and trading signals are free, on a long run they might not be free, they might cause you losses sometimes
Their reliability is directly proportional to how good the person who is giving you the signal is. Since this is something that you might not be able to verify then it might just be time for you to learn how to trade on your own.
Lolz, you were actually a physics student based on your explanation , well the more experienced the person is the more accurate that he will be able to generate accurate signal to a high degree of accuracy.
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Yea, there is no signal that is always hundred percent accurate all the time. Losing in two out of every 10 trade is not bad. Proper risks management is what will determine if you are profitable or not.
Some forex signal are very reliable to be sincere they alert you on which trade to take and let you know when to enter a market and placed your trade.
So I think that forex is a good business and signal is also good for mostly for newbie traders
So I think that forex is a good business and signal is also good for mostly for newbie traders
If you are good at using people's signal you are definitely wasting your time, if you are a good trader who wants to earn a decent amount of money in the market you definitely need to know how to create your own signal's.
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Forex signals are reliable only when they are from the right forex signal services or from the right website or a broker. A single forex signal can change your trading structure.
one of the things that every trader should be able to aspire for as he progresses in the trading of forex is that he should learn how to read and understand how the trading market works.
It needs no less than 40 hours of Youtube courses about how to trade and no less than 3 months entertainement on a demo account to understand how it works, means earning from forex is quite harder from other earning domains.
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That is just the real fact,because the issue of forex is very complex and you will really need to know and understand the dynamics at least to an extent to be able to trade in the real market.
One of the finest trading tips is to first practise trading on paper. By doing so, we can learn a lot about trading without having to spend a single penny. Once we have the necessary knowledge, we can start trading with real money, which will increase our chances of success.
That is what should be the right thing to do,there is what is called the demo platform where you do alot of practice and you will get to understand the market better here.
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Yes, you are right. At present, so many trading platforms provide us with a demo trading feature that helps a trader learn about trading, and learning anything has never disappointed us.
That is just a good way to put begginers in place so that when they might have fully understand how the system works,it will be very easy for them to go into the real trading platform.
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