Forex Trading System Or Forex Signals Provider?

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 reason is much more complex than that, and came about after struggling to trade Forex profitably using other people’s systems.

My story is probably much like yours. I discovered Forex trading and thought it would be a great way to increase my income. After all, the sites promoting trading systems make it seem simple. I quickly found out trading profitably and sticking to the trading rules is harder than I wanted it to be.

If you’ve ever been to a Foreign Exchange forum, you know there are plenty of people looking to trade profitably that have failed. Many people think trading strategies, especially mechanical trading strategies, don’t exist and are doomed to fail. With a 95% failure rate, it is easy to see find people complaining.

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 system or trader that does not suffer losses. But you can still be profitable in even with the losses. The problem is, 95% of the people who attempt trading fail because they can not and do not trade the system properly.

There are many reasons a person can fail at trading a Forex trading system even if it delivers good setups. A lot of the problems have to do with finding the time to trade. The other major problem is using risky money management and risking too much of their account balance on any given trade. Whatever the reason, it is the person that causes the strategy to fail, 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 the results will suffer. Inevitably, 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 that only 5% of the people are going to do correctly, and have to deal with negative criticism from the 95% of the people who mess it up?

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 trades as shown at the same time every day, other people can duplicate the system perfectly. This is a much better way to deliver what my customers pay for.


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Forex Trading System Or Forex Signals Provider?

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 reason is much more complex than that, and came about after struggling to trade Forex profitably using other people’s systems.

My story is probably much like yours. I discovered Forex trading and thought it would be a great way to increase my income. After all, the sites promoting trading systems make it seem simple. I quickly found out trading profitably and sticking to the trading rules is harder than I wanted it to be.

If you’ve ever been to a Foreign Exchange forum, you know there are plenty of people looking to trade profitably that have failed. Many people think trading strategies, especially mechanical trading strategies, don’t exist and are doomed to fail. With a 95% failure rate, it is easy to see find people complaining.

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 system or trader that does not suffer losses. But you can still be profitable in even with the losses. The problem is, 95% of the people who attempt trading fail because they can not and do not trade the system properly.

There are many reasons a person can fail at trading a Forex trading system even if it delivers good setups. A lot of the problems have to do with finding the time to trade. The other major problem is using risky money management and risking too much of their account balance on any given trade. Whatever the reason, it is the person that causes the strategy to fail, 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 the results will suffer. Inevitably, 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 that only 5% of the people are going to do correctly, and have to deal with negative criticism from the 95% of the people who mess it up?

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 trades as shown at the same time every day, other people can duplicate the system perfectly. This is a much better way to deliver what my customers pay for.


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