Maximize your profit by copy our Trade
If you are searching for signals here and there, you are likely making a mistake. Collecting signals and making timely entries and exits is not that simple. Moreover, is the person from whom you are taking signals using those signals in their own account? If they do, they should provide you with an investor password for transparency. They should use their own signals in their account, show you the results, and earn from you through signal fees. This would create a thriving and transparent business.
In reality, no signal provider does this because they do not apply their signals in their own accounts. Most of them don’t even have a trading account. They cannot make a profit from trading. The signal fees you provide are their target, and they rely on this to sustain their financial life.
How can you determine if someone is a good and profitable signal provider?
1.Request a Portfolio: Ask for a portfolio that has been profitable for at least one year. This should be on MQL5 or another reliable platform. If they can’t provide this, stay 3 billion kilometers away from them, as they are not a trader; selling signals is their only job.
2.Investor Password: If they provide an investor password or a link to MQL5 or Myfxbook, observe their trades. Check if their money management is sound, whether they use grid trading, martingale trading, or scalping. If any of these apply, stay away from them, as they are gamblers, not traders. You won’t be able to profit from signals they provide.
3. If the signals he provides are not applied in his real account, then rest assured that he has no faith in his own signals. You have chosen a scammer.
4. If he claims that his signals work 90% of the time or that he can achieve 50% profit daily or monthly, be certain that he is a scammer capable of ruining your life.
5. If he provides profit screenshots or shares complex analyses without offering a portfolio, or if he wants to show live trades when asked, then you can be sure he is a larger-scale fraud. A profitable trader would not hesitate to provide his MQL5 link within a second.
6. Grid or martingale trading involves increasing the lot size after a loss on the first trade. This type of trading may yield profits occasionally, whether in one day, one month, or even one year. But remember, today or tomorrow this system will make you broke. If it results in even more profits, it will financially ruin you. Search on YouTube about grid or martingale trading to see what kind of trading it is.
7. Never take signals from scalpers. Scalpers generally make 10/20 pips profit. When you receive the signal, pay commission, make entries, and exit, that amount of movement will already occur. Thus, when the signal provider claims a profit of 25 pips, in reality, you may have a loss of 10 pips.
8. You will never receive signals at the due time. While receiving the signal, checking it, making entries, and exiting, 30 pips will slip away. The provider will say there was a profit of 30 pips, but in reality, you will end up at a loss.
9. Observe how the signal provider shows profits at the end of the day. Always keep 5+5 pips in hand for entries and exits. It may show that there was a loss of 40 pips on EUR/USD, 50 pips on GBP/USD, and 80 pips on GBP/JPY. However, there might be a profit of 300 pips on USD/ZAR. He will claim a total profit of 130 pips, but the reality is that you lost $16 across those three pairs and made a profit of $3 on USD/ZAR. You are losing money in dollars, but he will claim a profit of 130 pips. This is a common tactic used by signal providers.
Here’s how to choose a profitable signal provider:
1. Real Trader: They must be a real trader.
2.Risk-Free Portfolio: They should have a well-organized risk-free portfolio link with a minimum age of 1 year or more.
3. TP and SL: The Target Profit (TP) and Stop Loss (SL) should be a minimum of 100 pips, ensuring that even if 20 pips are lost, you still have 80 pips remaining.
4. Selection of Pairs: They should not provide signals for pairs like USD/ZAR or USD/TRY. Instead, they should always trade major pairs or gold and provide those signals.
By focusing on these aspects, you can choose a profitable signal provider.
The most important thing is that they will not provide signals to maximize profits for their clients; instead, they will suggest copy trading.
I have an account, and receiving signals, making entries, and exiting is indeed a hassle.
They will say, “Copy my trades and enjoy your financial life in relaxed mode.” They won’t incur even a single pip loss.
Get rid of signal providers, save forex traders.
Maximize your profit by copy our Trade
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