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He is the most followed trader in Singapore with more thantraders reading his blog every month Imagine: You can rely on their signals and generate consistent profits every month. Now, how great would that be?
And it gets worse.
But is it really free? Do you wonder why?
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It moves from trend to range, low volatility to high volatility, downtrend to uptrend, etc. This means your Forex signals might work for now.
But what if the markets change? Will the signal still work?
Or will it go bust? However, if you increase your account size, you reduce the returns needed to be break-even. See the difference? However, you might not have a large trading capital.
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So, what now? Well, what you can do is opt for a profit-sharing scheme. Do you want to grow your trading account steadily? You can have the appropriate account size.
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Let me share an example… There are two traders, John and Sally. You trade breakouts across many markets Those breakouts that fail, you cut your losses Those breakouts that trend, you ride your winners And WHY does it work?
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- Forex signals are generated by a human analyst or Automated Forex signal Forex signals service subscribers.
Because of fear and greed in the markets. In times of greed, traders keep buying and it pushes the price higher.
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So, as a Trend Follower, you can take advantage of this phenomenon as you buy high and sell higher and vice versa. Does this work all the time?
Max Pip FX 1. They provide accurate signals directly via telegram, that are easy to utilize and come with full analysis. They are completely transparent and meet my expectations as a professional trader.
Of course not! Because market conditions change. You could buy and close two eyes and still make money at the end of the month.
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But inthings changed drastically. In they made huge profits, but in they lost everything.
This includes the respective entry, stop-loss, and take-profit targets.
So… If the most expensive trading signals want to know whether a trading strategy will work, you must verify the results over the last 5 years and take into account one major recession. For example: A backtest period of to is good because it has 5 years of results that includes the financial crisis.
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So, before you sign up for a Forex signal service, make sure they can pass this test. Frequently asked questions 1: Do you consider offering Forex signal service which I can follow? If a signal service is given by a professional trader, then the signal could possibly adapt to changing market conditions.
Leave a comment below and share your thoughts with me.