It is possible to make money using forex signals?

[trendfol]

I'm following an IG account that claims making 10% month with their forex signals ... however i have to pay a big initial fee to get into that telegram chat with the signals ... Usually I would not believe, but this guy has an IG, YT chanel and 0 negative feedback (and few positive feedback).

It is possible to make like 10% monthly using forex signals?

Thank you

 

[Bot11]

Anything is possible this reminds me of the people that use to have twitters and hidden chats on telegram and discord, for crypto and it was a few hundred to get involved. I know a few people that made money by following the signals even the friends involved would tell me and I made some money and buy/selling when told. although nothing is fool proof so its always a risk as when the crypto bubble happened a lot of those people no longer do that as they lost a lot of money. So with forex it is fast with huge margins and you are usually leveraging a good chunk of money so a few pips in the wrong direction can make you called and empty your account. Just a warning. See if you can pay for a week or something and try it out first. If they are real than you shouldn't have a issue.

 

[milluki zolydck]

I'm following an IG account that claims making 10% month with their forex signals ... however i have to pay a big initial fee to get into that telegram chat with the signals ... Usually I would not believe, but this guy has an IG, YT chanel and 0 negative feedback (and few positive feedback).

It is possible to make like 10% monthly using forex signals?

Thank you

yes you can make 10% a month... i also tried forex trading but it seems that i need a big capital in order to earn something....

 

[LandP]

Anything is possible this reminds me of the people that use to have twitters and hidden chats on telegram and discord, for crypto and it was a few hundred to get involved. I know a few people that made money by following the signals even the friends involved would tell me and I made some money and buy/selling when told. although nothing is fool proof so its always a risk as when the crypto bubble happened a lot of those people no longer do that as they lost a lot of money. So with forex it is fast with huge margins and you are usually leveraging a good chunk of money so a few pips in the wrong direction can make you called and empty your account. Just a warning. See if you can pay for a week or something and try it out first. If they are real than you shouldn't have a issue.

How big is initial investment?

 

[umerjutt00]

Nope. I have not seen anyone getting rich by following signals. Most of these signals offer ridiculous claims such as 90% win rate or even "never loose" systems. These are all red signals which shows the person who is offering these services don't know anything at all. Its better to learn yourself.

 

[vanboy]

Scam. Don't trust these guys.

 

[MEng]

if such signals work everyone will be rich. try to learn trading by yourself.
if you really want to try go ahead and try. then you comeback read this thread after couple of months.

 

[klonja]

there is nothing such give them money and just sit and wait profit all of this just a scam to take your money trading is good if its your domain but not coping others learn and invest based on your perspectives cuz most likely all these instagram traders are scammers

 

[stelios0]

Instagram traders...What this worlds has came into...

 

[Ben Sahar]

Scam. Don't trust'em.

 

[dell12]

Never trust these systems. If they really work long term, why showing the world your holy grail? DON'T DO IT!

 

[trendfol]

Thank you. I know that it is impossible, but I wonder how he manages to appear and public and keeps an instagram/yt account clean (without neg comments) with more than 2k users of his system

 

[dell12]

oh, 2k users. I wonder if they are real. Checkout collective2.com This site let strategy developers to rent out their systems. Signals are sent using their API to users' trading software. Trading software is connected directly to their broker's backend. The lag is smaller but still quite large. (>500ms)

Thank you. I know that it is impossible, but I wonder how he manages to appear and public and keeps an instagram/yt account clean (without neg comments) with more than 2k users of his system

 

[adamdoxx]

I have been living on the stock market for 10 years and telling you a secret.

if you have 10% a month, you don't need others

who sells a sign does not live on the stock market, but because you buy the signal. Do you understand?

anyway, you can do 10% monthly ...hard work, hard learn. but it's possible

 

[Neuros]

Doesn't work.

 

[Dodoj]

Seems like he wants your money.

 

[Feticism]

I'm into forex trading. Trust me, avoid people who wants to sell you signals, especially if they promise you a stable % over month.

Someone want you to believe that forex trading is predictable. It is not, and it will never be.
The only thing you can do, is try to have an edge over the market (fundamental analysis and technical analysis), but sometimes you will win sometimes you will lose.

What's make the real difference in forex trading is the money management and the patience. Even if you win 50% of the time and lose the other 50%, with a good money management you can be a winner.

If you want to take this path, you have to study a lot (and by a lot i mean several years).
I don't want to discourage you, but too many peoples lose money on forex because someone let them believe it is easy to obtain a stable income.

 

[widro]

I've been in and out forex since 2005, all started in Marketiva broker...
Resuming for me some people can trade forex on their own, other don't it's a skill. I believe many signal providers really make nice outcome every month. I know floor traders who trade forex now and make a living from it. I tried it and still try to make decent profit but still fail overall, some get it others don't...
Yes it's possible to make money following signals, just check the signals background, how long are they in this business, do they have a real office?
Just don't keep high expectations from forex like I did for many years, this addiction will surely keep you away from developing other nice skills.