Forex Zone - Forex Forum

Can We Succeed in Trading Only by Following People's Signals?

Discussion started on General Forex Discussion

  • Hero Member
  • Posts: 64630
  • Points: 26
  • Likes Received: 99
  • Reputation: +18/-46
It won't be possible to succeed if we only use signals because when we only use signals. Maybe we can find out the techniques that will make us successful. We should use our own methods for analysis.
#616 - January 06, 2024, 12:58:06 AM

  • Hero Member
  • Posts: 62898
  • Points: 230
  • Likes Received: 57
  • Reputation: +53/-46
I don't know whether it will work or not, but as far as I know, if you only use signals and don't use your own mind in doing the analysis, in my opinion it won't work, maybe you can get a profit but it's impossible to be consistent.
#617 - January 07, 2024, 05:22:04 AM

  • Hero Member
  • Posts: 64630
  • Points: 26
  • Likes Received: 99
  • Reputation: +18/-46
Here I can't provide certainty because using signals cannot be considered a technique, but when you only rely on signals alone, I think that's not enough. What you have to do here is focus on running trades comfortably. Focus on running trades using manual techniques.
#618 - January 10, 2024, 05:03:01 AM

  • Hero Member
  • Posts: 62898
  • Points: 230
  • Likes Received: 57
  • Reputation: +53/-46
As far as I know, it can't be because when you only rely on signals produced by other people, in my opinion that is something that is wrong because it all requires technique, it all requires your own manual technique.
#619 - January 12, 2024, 07:00:49 AM

  • Hero Member
  • Posts: 64630
  • Points: 26
  • Likes Received: 99
  • Reputation: +18/-46
It wouldn't be that easy for you to be successful just using signals, especially since the signals are generated by other people who are not yet clear.  Is this person consistent or not But what is clear here is that you have to be able to master your own trading system so you don't just rely on signals
#620 - January 15, 2024, 03:17:33 AM

  • Hero Member
  • Posts: 62898
  • Points: 230
  • Likes Received: 57
  • Reputation: +53/-46
Of course you can, don't worry, but it can't be effective, but you can still use signals to make a profit and my advice is don't just use signals, you also have to be able to learn on your own so you can analyze it yourself.
#621 - January 16, 2024, 06:44:42 AM

  • Hero Member
  • Posts: 16328
  • Points: 199
  • Likes Received: 31
  • Reputation: +2/-0
To become a trader, it requires commitment to see opportunities with our own methods, so we cannot rely on other people to be successful and depend on other people's signals.
#622 - January 16, 2024, 10:32:33 PM

  • Newbie
  • Posts: 10
  • Points: 10
  • Likes Received: 0
  • Reputation: +0/-0
Frankly, I have used signals, but in my opinion, when I use signals it actually makes me unable to be consistent, maybe I get profits several times but in the end I always lose, so I think it's better if I learn on my own by joining this forum and I hope that with this  In this forum, I can get education or learning in a good and systematic way for better changes in myself.
#623 - January 17, 2024, 07:38:30 AM

  • Hero Member
  • Posts: 16328
  • Points: 199
  • Likes Received: 31
  • Reputation: +2/-0
Of course, it would be very risky for a trader to follow the signals of other people he has just met. So it will definitely be prone to margin calls, especially since the capital it has is still small but using large lots will of course lead to a very drastic floating minus and our capital will not be able to withstand it.
#624 - January 17, 2024, 12:33:55 PM

  • Hero Member
  • Posts: 64630
  • Points: 26
  • Likes Received: 99
  • Reputation: +18/-46
Maybe you can but I don't guarantee 100% that it will be consistent because in my opinion.  If all your life when trading forex you only rely on signals.  In my opinion, it is a mistake, you should not do that between focusing on your own technique.
#625 - January 19, 2024, 12:28:36 AM

  • Hero Member
  • Posts: 62898
  • Points: 230
  • Likes Received: 57
  • Reputation: +53/-46
it won't be possible to succeed when you only use signals because after all using signals is a mistake made by many traders who want to make a profit use your own techniques use your own knowledge
#626 - January 20, 2024, 02:27:39 AM

  • Hero Member
  • Posts: 64630
  • Points: 26
  • Likes Received: 99
  • Reputation: +18/-46
you only use automatic signals You will not be able to learn well using signals alone you will not be able to make key marks and as long as you execute trades
#627 - January 23, 2024, 12:40:13 AM

  • Hero Member
  • Posts: 62898
  • Points: 230
  • Likes Received: 57
  • Reputation: +53/-46
In my opinion, it won't be possible because when you only use signals, you don't use anything, it actually makes it difficult for you, making you unable to maintain your technique well.
#628 - January 24, 2024, 03:34:17 AM

  • Hero Member
  • Posts: 16328
  • Points: 199
  • Likes Received: 31
  • Reputation: +2/-0
I think when we like to follow other people's signals then what is damaged is psychological because generally a good system if it has been damaged by psychological abnormalities ultimately ends in disappointment.
#629 - January 24, 2024, 03:43:42 AM

  • Hero Member
  • Posts: 62898
  • Points: 230
  • Likes Received: 57
  • Reputation: +53/-46
It should be possible but it's even better when you also master the signals. When you master the signals well, then you can get a high chance of success for yourself
#630 - January 25, 2024, 04:21:52 AM

Members:

0 Members and 1 Guest are viewing this topic.