Forex Telegram Copy

Hello,

I want to ask and maybe even help someone. I have been doing forex for myself, but it takes a lot of my day out. I love trading, so I don't want to give it up. Therefore, I am looking for an experienced trader who offers his signals.

But...
I have already tried some groups on the telegram that offer their signals - Unprofessionalism, false signals, inaccurate signals, bad communication, loss of MONEY.

I ask the community ... does anyone know of any trader who is really profitable ? (I'm not looking for robots)

Thank you

Thread topic is kind of unexpected since people mainly discuss digital marketing here.
But I think it's ok since this is also a form of making money online.

This is what I'm literally doing right now - looking for profitable FX signals on telegram.
I'm still searching and trying out services right now since my goal is to earn from trading ASAP while I'm still studying how to trade by myself.

I've already finished Babypips course and would now move on to studying proper strategies + backtesting.
I think it would take a few more months before I can trade profitably on my own, so for the time being I'm gonna rely on signals.

I've already tried 3 paid VIP channels but they weren't profitable at all - I ended at loss or breakeven.
Main reason was those 3 channels send signals with multiple Take Profit levels. It's really bad for your risk-to-reward ratio since they don't tell you if you should fully close a trade.
Sometimes when you decide to close a trade at TP1, price would then move to TP4 and you would miss out on profits.
Other times, price would hit TP1, then would suddenly hit stop loss if you decided not to close it. Really annoying.
Run away as far as possible from these kind of channels. It will just end up eating you account.

In fact, I just signed up yesterday with another signal service. The admin said that he uses price action + Smart Money Concepts for his analysis.
And the best part - the signals only has one Take Profit level (and of course one Stop loss). Just purchased a 1-month VIP plan for the sake of evaluating the signal performance.

I gotta censor the channel's name since I'm just going to start taking their signals tomorrow. I don't want us both lose money if this one's not good again.


Bad news though - I'm running out of savings for purchasing these VIP channel subscriptions. Really hope I find a profitable one soon.

You should never rely on shit like that. If the person who runs the channel is as successful and good at trading as they say, why would they even bother themselves and waste their time on running some signal group/channel/bot? Even none of the newbie/amateur, average actual traders do this, because they're happy with their progress and rather spend time on their trading journey.

The only actual thing that I know a few legitimate traders do, is offering very expensive high-end trading educations which doesn't promise you no gains, because how you approach the knowledge is on your own.

Just don't waste your money, but go through the hard, boring-ass learning phase yourself.

Migi258 said:

Hello,

I want to ask and maybe even help someone. I have been doing forex for myself, but it takes a lot of my day out. I love trading, so I don't want to give it up. Therefore, I am looking for an experienced trader who offers his signals.

But...
I have already tried some groups on the telegram that offer their signals - Unprofessionalism, false signals, inaccurate signals, bad communication, loss of MONEY.

I ask the community ... does anyone know of any trader who is really profitable ? (I'm not looking for robots)

Thank you

Click to expand...

Their are so many Actually who is Profitable !

But in actual you cannot able to find them in youtube

Shamaninov said:

You should never rely on shit like that. If the person who runs the channel is as successful and good at trading as they say, why would they even bother themselves and waste their time on running some signal group/channel/bot? Even none of the newbie/amateur, average actual traders do this, because they're happy with their progress and rather spend time on their trading journey.

The only actual thing that I know a few legitimate traders do, is offering very expensive high-end trading educations which doesn't promise you no gains, because how you approach the knowledge is on your own.

Just don't waste your money, but go through the hard, boring-ass learning phase yourself.

Click to expand...

Totally agree. All the signals is the waste of money. Since you already got some experience you should know that timing in the market is everything. And signals is exactly what it lacks - the timing

Shamaninov said:

Just don't waste your money, but go through the hard, boring-ass learning phase yourself.

Click to expand...

100% true. That's why I'm also studying how to trade right now. But I'm still willing to "waste" some money to try out signal services.
Who knows I might come across a good one. If not, then all is good as well. No need to cry over spilt milk.

I might as well learn how to code my own MT4 EAs for automation. I already expect it to be really tedious but I guess it's worth a shot.

Shamaninov said:

You should never rely on shit like that. If the person who runs the channel is as successful and good at trading as they say, why would they even bother themselves and waste their time on running some signal group/channel/bot? Even none of the newbie/amateur, average actual traders do this, because they're happy with their progress and rather spend time on their trading journey.

The only actual thing that I know a few legitimate traders do, is offering very expensive high-end trading educations which doesn't promise you no gains, because how you approach the knowledge is on your own.

Just don't waste your money, but go through the hard, boring-ass learning phase yourself.

Click to expand...

I completely disagree ... Many people try to help other people as well. And sometimes it's not strenuous at all. Some sites automatically send a signal when a trader opens a trade.

zizo13 said:

Totally agree. All the signals is the waste of money. Since you already got some experience you should know that timing in the market is everything. And signals is exactly what it lacks - the timing

Click to expand...

You don't have to enter long-term trades (swing) exactly ... from my experience, it's better to enter the trade later.

Rat Race Escapee said:

100% true. That's why I'm also studying how to trade right now. But I'm still willing to "waste" some money to try out signal services.
Who knows I might come across a good one. If not, then all is good as well. No need to cry over spilt milk.

I might as well learn how to code my own MT4 EAs for automation. I already expect it to be really tedious but I guess it's worth a shot.

Click to expand...

I would suggest start recording what you do, walk through your thought process out loud and compile them all to create a course. You could even incorporate the "searching for these groups" aspects. You stated how that one group could improve by at least saying if you should do a certain percentage at tp1,tp2 etc. You could essentially help others and make more money off the steady income of what you're already doing. But you would be assisting others as well. Make yt vids every day with your day to day trades etc. But make the course the foundation of your insight.

Migi258 said:

You don't have to enter long-term trades (swing) exactly ... from my experience, it's better to enter the trade later.

Click to expand...

Well at the end of the day it depends. Agree with you on that. Scalping, day-trading, swing-trading. Different approach is needed for each and single one

Migi258 said:

I completely disagree ... Many people try to help other people as well. And sometimes it's not strenuous at all. Some sites automatically send a signal when a trader opens a trade.

Click to expand...

Wish you to make a fortune off those signals then.

it is the most hard thing in the world. don't rely on signal. 99.9% of them are scams. best choice: don't touch forex anymore.

i tried trading forex for 3 years and still in lose,i wonder can anyone actually make money with it?
rather than selling signals,books or courses

Shamaninov said:

You should never rely on shit like that. If the person who runs the channel is as successful and good at trading as they say, why would they even bother themselves and waste their time on running some signal group/channel/bot? Even none of the newbie/amateur, average actual traders do this, because they're happy with their progress and rather spend time on their trading journey.

The only actual thing that I know a few legitimate traders do, is offering very expensive high-end trading educations which doesn't promise you no gains, because how you approach the knowledge is on your own.

Just don't waste your money, but go through the hard, boring-ass learning phase yourself.

Click to expand...

High end signal service is also something which is done.

I know a guy charging 50k a month for signals, it makes him win a ton more than what he is doing with his own capital.

If you are good at something, never do it for free... it applies also in marketing.

Why if i am good at lead gen, i would charge customers?

You say that all digital marketing agencies are scam because they don't win money themselves with their product?

A signal service IS a service also.

And it's like digital marketing agencies, 90% are scams and you need a ton of budget to find the best one.

I laugh a lot when people here say they buy signal services in fiverr... really? Fiverr? Only the average Joe would advertise his signal service on fiverr, it's 100% sure it's a scam, people have to be smarter than that...

I don't know any telegram channel with "let me multiply your money" business model that wouldn't be deceiving. Don't believe those dream sellers, they are good only at scamming confiding people out of money...

Rat Race Escapee said:

Main reason was those 3 channels send signals with multiple Take Profit levels. It's really bad for your risk-to-reward ratio since they don't tell you if you should fully close a trade.

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I disagree - You should open trades with multiple positions. So you can take profit at the most logical levels. This way, you are protecting yourself from getting your account blown away.

Once you hit TP1, you can move the rest of your positions into breakeven, and have risk free trade. Though you need to figure this out on your own, what will suit you best.

doomer3wx said:

i tried trading forex for 3 years and still in lose,i wonder can anyone actually make money with it?
rather than selling signals,books or courses

Click to expand...

Yes ! All you need is training, training and coaching ...

Migi258 said:

Yes ! All you need is training, training and coaching ...

Click to expand...

proof?

Shamaninov said:

You should never rely on shit like that. If the person who runs the channel is as successful and good at trading as they say, why would they even bother themselves and waste their time on running some signal group/channel/bot? Even none of the newbie/amateur, average actual traders do this, because they're happy with their progress and rather spend time on their trading journey.

The only actual thing that I know a few legitimate traders do, is offering very expensive high-end trading educations which doesn't promise you no gains, because how you approach the knowledge is on your own.

Just don't waste your money, but go through the hard, boring-ass learning phase yourself.

Click to expand...

100% do yourself a favor and don't fall for these scams. If you can't do it, you teach it. The internet is full of it.

If you check on youtube, you will find good traders and their channels. Contact them.

doomer3wx said:

i tried trading forex for 3 years and still in lose,i wonder can anyone actually make money with it?
rather than selling signals,books or courses

Click to expand...

did you find anything? I am new to forex.