I see many signal providers with high profits, advising their signal as the best one. The reality is often different from this.
Many people are attracted by high profit chances that they do not think
it could be just something not real. In fact, high profitable trading
systems promising +1000% or more within one year are likely to be fake
or, in some cases, just strategies without any kind of money management.
Try not to set a stop loss. You have a huge profit factor and a drawdown
equal to zero... But it can happen really fast that you lose all your
money with just one bad trade. This is just an example, but it is just a
different point of view from those provided by such a signal provider.
Do Not trust anyone, my advice is to personally know the people
promising you such profits and to deeply know their reliability
according to their trading system strategies and the time they have been
trading for.
You will never know if you will earn money by following a signal, but
you can choose the most suitable for you... Maybe the best one for you
is exactly the one promising +1000% in one year... That's not my case. I
want to find a stable and durable way to make money, I do not like
betting.
If I want to bet, I go to a casino!
Well said. I chose one signal provider 2 weeks backs after seeing the winning percentage and growth(amazing 900% within a month). Within 2 weeks( actually in one day) my account got wiped out and his growth went to -36%. Greed,greed and greed. Now I will be more careful. I will choose the signal provider who will be consistent in profits even if it is small.
