Foreign Exchange Trading System Or Foreign Exchange Signals Service?

Many people ask me why I run a Forex signals service instead of just teaching people the Forex trading strategy I use. Obviously, once people learned how to trade the same way I do, they would not have to join the Foreign Exchange signals provider. But the answer goes much deeper than that, and has to do with a realization I had after years of trying to trade Forex profitably.

My journey into Forex is probably much like your own. I came across currency trading and thought it would be a easy way to increase my income. After all, the sites promoting trading systems make it seem simple. I soon found out trading under live market conditions and sticking to the trading rules is harder than I wanted it to be.

If you’ve ever been to a Forex forum, you know there are a lot of people out there complaining about their trading results. Many people think trading systems, especially mechanical trading strategies, don’t work at all. With only 5% of people trying Forex succeeding, it is easy to see find frustrated people.

In reality, there are trading systems out there that work. They give good signals if traded correctly and with proper risk management can be profitable. Don’t fool yourself, there is no trading strategy or trader that does not suffer losses. But it is possible to be profitable in even with the losses. The problem is, 95% of the people who try to trade them fail because they don’t trade the system as instructed.

There are many reasons a person can fail at trading a Forex trading strategy even if the system is good. A lot of the problems have to do with fitting trading into their busy life. The other major problem is using risky money management and being too aggressive with the lot sizes used. Whatever the reason, the person trading is the reason the system fails, not some fundamental flaw of the strategy itself.

This is why I find it pointless to try and teach trading systems. Even if I teach my exact trade setups, the people will fail to trade properly and won’t get good results. In the end, as human nature dictates, they will most likely blame the strategy instead of accepting their role in the failure. So, why would I sell something if only 5% of the people are going to get any use out of the strategy?

On the other hand, by running the Foreign Exchange signals provider, Set and Forget Forex Signals, I make it possible for people to get very similar results as I do. By just copying the trade alerts as instructed at the same time every day, other people can duplicate the system perfectly. I feel this is a much better way to help people succeed in Forex.

One Response to “Foreign Exchange Trading System Or Foreign Exchange Signals Service?”

  • Today, I went to the beach front with my kids.
    I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the
    shell to her ear and screamed. There was a hermit crab inside and it pinched her ear.

    She never wants to go back! LoL I know this is
    completely off topic but I had to tell someone!

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