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    Thread: Taking signal is not good for the new trader

    1. #1
      I just can't quit pips!
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      Default Taking signal is not good for the new trader

      there are lot's of newbies who takes signal from other trader or from many websites.in my opinion it is not good for them.because signal does not work all time.so they need to make a good strategy for their own trading.

      what you all think about this?
      Give a thanks if you liked my post and thread.


    2. The following 3 users say Thank You to Jurain for this useful post.

      agitiga (08-13-2016), fastline01 (11-18-2017), Layla1984 (12-14-2014)

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      even if sometimes the trading signals work, newbies wont be able to get the best of them because they wont have nay idea of what they are doing. simply getting a signal and trading based on it? no, forex is much more than that. even to trade signals one needs to have a sufficient knowledge of the forex market.


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      I agree with you my friend, we should not depend on certain tools completely in the forex trading business by which can can loose our own creativity and ability. That is why I do nto use any signals and I do nor suggest any new trader to use it.


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      First time every Forex traders want to find signal. Some are searching paid signal and some are free signal. I think no need find out them because make your own signal then you are able to increase your trading strategy and trading technique.
      I strongly belive Man can do anythings


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      There are cost benefit analysis in every situation. Taking signals is not bad in the signal provider is giving quality service. However the industry is full of scammers who claim to have monthly accumulation of 1000 pips. In these cases, it is better to stay away from them


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      Smile Forex Charts Necessity!!!!

      Quote Originally Posted by Jurain View Post
      there are lot's of newbies who takes signal from other trader or from many websites.in my opinion it is not good for them.because signal does not work all time.so they need to make a good strategy for their own trading.

      what you all think about this?
      To being an expert in forex we must need to study the forex indicators and charts, must have in mind that if you are not aware about charts and indicators you cannot judge the current market position which can be cause of your Loss. Be Lucky!


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      i also think that taking signal is not good for new traders.new traders should learning about forex and demo practice for minimum 3 month then they can start earning with their own trading knowledge and experience.if they start real trading without skill,their account can zero and they can not make good profit.we should not depend on other trader for earning money from forex.


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      Purchasing a signal package can not be simply ignored because of its disadvantages. It has its own ups and downs. If the signal provider is accurate trader, you can make significant amount of money while bad signal provider will prove costly


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      I think follow the singnal is not good for the trader. For the trade give praority to your confident always. You can grow confident by demo trade and experience. By the learning you can be a good trader.


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      Quote Originally Posted by Jurain View Post
      there are lot's of newbies who takes signal from other trader or from many websites.in my opinion it is not good for them.because signal does not work all time.so they need to make a good strategy for their own trading.

      what you all think about this?
      Yes it is right at the starting of their forex journey they must learn their forex techniques, knowledge and practicing in demo account. if they use the signals then they never learn the forex and they will always depend on it.


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