moonchild
VIP Contributor
Signal service providers are those forex traders that sell their signals to other traders that are not versatile in the forex market in other to make profit, but this is hardly possible though because most of the times these signals fails and people lose out their money.
I won't really advise any beginner to buy any signal provider because you're teaching yourself not to follow process, it's a shortcut to success and it will not lead you to success as a trader, if you get used to buying signals as a trader you can't put your head down and learn the craft because you'll believe that you can get a signal that will make you profit.
Most people that sell signal services don't trade with real accounts they use demo accounts and give you signals so when you see screenshots you will thought you are trading together not knowing they're using demo account.
As a beginner if you really want to make it in the forex world you should stay away from forex signals and focus on learning on your own and give yourself signals, this will help you in the long term because if you analyze the chart everyday you'll be conversant with it and master it.
I won't really advise any beginner to buy any signal provider because you're teaching yourself not to follow process, it's a shortcut to success and it will not lead you to success as a trader, if you get used to buying signals as a trader you can't put your head down and learn the craft because you'll believe that you can get a signal that will make you profit.
Most people that sell signal services don't trade with real accounts they use demo accounts and give you signals so when you see screenshots you will thought you are trading together not knowing they're using demo account.
As a beginner if you really want to make it in the forex world you should stay away from forex signals and focus on learning on your own and give yourself signals, this will help you in the long term because if you analyze the chart everyday you'll be conversant with it and master it.