Is it worth paying for forex trading signals?
Asked 4 years ago
I find that the amount they ask for signals can be rather pricey. Do the gains outweigh the losses? What are your experiences? Are trading signals worth it?
Arthur Nwosu
Wednesday, October 13, 2021
There's nothing against paying for signals if they are offering value for your money. The only problem is many traders don't really know how to trade, and frankly, nothing beats being able to do this on your own. I used to follow a telegram for signals, needless to say, it didn't end well. So basically, they had a probationary period where they offered free signals to kind of build trust. they'd call out moves that have already happened, post screenshots of alleged profits their paid members made.
I am not disregarding the fact that some traders are actually good at what they do, I have just met a lot of bad eggs.
What I would advise simply is to follow a few, figure out how they trade and how consistent their win rate is. Otherwise, learn how to do this yourself.
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