Forex Signals Proof

October 22, 2013 by  
Filed under Currency

In this article, I want to talk about Foreign Exchange Signals Service Proof. What should you look for to gain trust in the service? Are you going to get the same results claimed by the signals service? These are some of the the things you need to know before joining a service.


Set And Forget Forex Signals Performance

What Kind Of Forex Signals Proof To Focus On

Many people look for proof in the form of a 3rd party account statement publisher. There are services like MT4i and MyFXBook where you can make your Metatrader4 account results public. These services can be used to show the results of the signals service.

While this seem like an excellent way to provide proof, it does have a drawback. The way I see it, the signals service should be able to prove the pips they claim to make really come from the signals they provide. Using one of these 3rd party account statement publisher shows much more. You can also see profit and loss in terms of money as well as gains and losses in terms of percentages. The problem with these statistics is they only reflect what would happen using one risk management system with one account balance.

The role of a signals service subscriber is to duplicate as close as possible the pip numbers. But how much you earn or lose or the gains and losses in terms of percentage is determined by the size of your account and the risk management system used to calculate lot size. Therefore, the statistics provided by the statement publishing services can be misleading and distort the decision making process.

Can You Duplicate The Signals Service Results?

The signals service showing they make a certain number of pips is one thing, but you getting the same results is quite another. You need to make sure you can follow the signals correctly and get similar trading numbers. If you skip trades because the signals are delivered 24 hours a day, you are not going to get the same results. If you use unreliable trade copy software to get the trades, you will also fail to get similar results as the service you are following.

Due to slightly different broker price feeds, slightly different spread values and slippage, a certain amount of difference between the signals service and your account should be expected. Using different brokers will give slightly different results and there is nothing you can do about that. The only way to get the exact results is to use the exact same broker as the signals service.

Good Example Of Forex Signals Service Proof

Set And Forget Forex Signals show snapshots of their trading results. This Foreign Exchange Signals Service Proof shows the results they report actually come from the signals they give subscribers. And since you place trades only once a day and the signals are set and forget, it is simple to use these signals and get similar results.

Forex Signals Proof

October 22, 2013 by  
Filed under Currency

In this article, I want to talk about Foreign Exchange Signals Service Proof. What should you look for to gain trust in the service? Are you going to get the same results claimed by the signals service? These are some of the the things you need to know before joining a service.


Set And Forget Forex Signals Performance

What Kind Of Forex Signals Proof To Focus On

Many people look for proof in the form of a 3rd party account statement publisher. There are services like MT4i and MyFXBook where you can make your Metatrader4 account results public. These services can be used to show the results of the signals service.

While this seem like an excellent way to provide proof, it does have a drawback. The way I see it, the signals service should be able to prove the pips they claim to make really come from the signals they provide. Using one of these 3rd party account statement publisher shows much more. You can also see profit and loss in terms of money as well as gains and losses in terms of percentages. The problem with these statistics is they only reflect what would happen using one risk management system with one account balance.

The role of a signals service subscriber is to duplicate as close as possible the pip numbers. But how much you earn or lose or the gains and losses in terms of percentage is determined by the size of your account and the risk management system used to calculate lot size. Therefore, the statistics provided by the statement publishing services can be misleading and distort the decision making process.

Can You Duplicate The Signals Service Results?

The signals service showing they make a certain number of pips is one thing, but you getting the same results is quite another. You need to make sure you can follow the signals correctly and get similar trading numbers. If you skip trades because the signals are delivered 24 hours a day, you are not going to get the same results. If you use unreliable trade copy software to get the trades, you will also fail to get similar results as the service you are following.

Due to slightly different broker price feeds, slightly different spread values and slippage, a certain amount of difference between the signals service and your account should be expected. Using different brokers will give slightly different results and there is nothing you can do about that. The only way to get the exact results is to use the exact same broker as the signals service.

Good Example Of Forex Signals Service Proof

Set And Forget Forex Signals show snapshots of their trading results. This Foreign Exchange Signals Service Proof shows the results they report actually come from the signals they give subscribers. And since you place trades only once a day and the signals are set and forget, it is simple to use these signals and get similar results.

Comments

Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!





*