depend on Signal service ?

Peter Borren

Active member
Apr 8, 2017
165
2
28
#1
Frankly, I have on interested on signal service, because I can’t rely on others decision since I am here for being a successful Forex trader! But I am interested to know your trading strategy! May I know the name of your trading strategy please? By the way, I am sure there is nothing like 100% in Forex business!
 

gerryg

Active member
Sep 9, 2013
915
8
28
#2
Frankly, I have on interested on signal service, because I can’t rely on others decision since I am here for being a successful Forex trader! But I am interested to know your trading strategy! May I know the name of your trading strategy please? By the way, I am sure there is nothing like 100% in Forex business!
Fundamental analysis, intuition trading. I would also call it experience trading, when you study different market reactions on same news, speeches or report. Its a kind of deciphering underlying price drivers which 90% traders miss because of using old or outdated knowledge
 

FXX

Well-known member
Oct 12, 2017
1,103
175
73
#3
Fundamental analysis, intuition trading. I would also call it experience trading, when you study different market reactions on same news, speeches or report. Its a kind of deciphering underlying price drivers which 90% traders miss because of using old or outdated knowledge
Most retail traders focus on technicals and ignore news so it's more a case of ignorance than outdated information from my understanding.
 

Peter Borren

Active member
Apr 8, 2017
165
2
28
#4
Most retail traders focus on technicals and ignore news so it's more a case of ignorance than outdated information from my understanding.
Yes , because having experience with fundamental knowledge is a long time approach . so they always looking for a comfortable technical analysis.
 

FXX

Well-known member
Oct 12, 2017
1,103
175
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#5
Yes , because having experience with fundamental knowledge is a long time approach . so they always looking for a comfortable technical analysis.
if you believe fundamental analysis in trading requires a long time frame then you really don't understand it. Yes you can use it to capture economic shifts but you can make more money day trading. How can technical analysis be more comfortable when you have no idea what's driving the market. In any given day i can tell you exactly why price is moving giving me more confidence than you could ever achieve trading with only technical analysis. Now i can't say this is the case in all markets but i certainly is the case in forex.
 

tomorton

Well-known member
Feb 28, 2002
7,051
915
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Exeter
#6
Frankly, I have on interested on signal service, because I can’t rely on others decision since I am here for being a successful Forex trader! But I am interested to know your trading strategy! May I know the name of your trading strategy please? By the way, I am sure there is nothing like 100% in Forex business!

Trend-following from daily and weekly charts. Pyramiding winners at fixed gain.
 

progix

Active member
Feb 25, 2016
206
2
28
#7
Signals are very hard nuts to crack in my opinion. Better to take a look at economic calendar to have a better insight about the market.
 

june_girl7

Active member
Apr 9, 2016
312
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#9
Most of those that give trade signals use different programs that generate these kinds of signals automatically. These signals without the management system of resources and without the management system of emotions can very easily make you lose money.
 

HenryWelsh

New member
Jun 1, 2018
4
0
1
New York
#10
I think that seasonal trading is the main thing which all traders don't know or not use it too
 

Kaeso

Active member
Oct 4, 2015
861
91
38
#11
Most of those that give trade signals use different programs that generate these kinds of signals automatically. These signals without the management system of resources and without the management system of emotions can very easily make you lose money.
i think you are trying to write a sentences in English which are too advanced for you. I suggest sticking to simpler sentences that are more appropriate for your English speaking ability :)
 

june_girl7

Active member
Apr 9, 2016
312
4
28
#12
i think you are trying to write a sentences in English which are too advanced for you. I suggest sticking to simpler sentences that are more appropriate for your English speaking ability :)
In Short, Do not trust on Signal Service. If they have strong trading analysis then they will not sell it.
 
Likes: Kaeso

tomorton

Well-known member
Feb 28, 2002
7,051
915
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Exeter
#13
In Short, Do not trust on Signal Service. If they have strong trading analysis then they will not sell it.

Absolutely right.

Imagine if you went into your bank one day and they tried to sell you a second-hand car. You'd probably think the banking business isn't going too well.