Signal life
Try to think about this logically! If signals were indeed good, they would last much longer than 2 years. If they don’t, it is because most are created by novice traders who don’t yet fully understand trading or the risks and are trying to make money from the signal subscriptions instead of the actual trading.
If their trading were any good, they would not need to sell the signals and would just profit from the trading alone. Some, will say that they lack the capital and need the subscriptions to gain their capital. I don’t agree with this. I too was once a novice and without the capital, but I slowly learned and became better at it and grew my capital until reaching a stable income. I never needed to sell my “signals” or my own EAs for that. I relied solely on my trading to improve my capital and get stable profits.
So, my honest opinion on why signals don’t last longer than 2 years, it is because they are not reliable trading strategies and the respective signal vendors give up sooner or later when their subscription sales drop.
My advice is, don’t depend on signals! Learn to trade yourself and rely on your own thinking to be able to trade profitably and reliably in the future. It will take time and effort to achieve, just like any other profession – it needs time, study and gaining of experience. It does not happen over-night. It takes years!
Try to think about this logically! If signals were indeed good, they would last much longer than 2 years. If they don’t, it is because most are created by novice traders who don’t yet fully understand trading or the risks and are trying to make money from the signal subscriptions instead of the actual trading.
If their trading were any good, they would not need to sell the signals and would just profit from the trading alone. Some, will say that they lack the capital and need the subscriptions to gain their capital. I don’t agree with this. I too was once a novice and without the capital, but I slowly learned and became better at it and grew my capital until reaching a stable income. I never needed to sell my “signals” or my own EAs for that. I relied solely on my trading to improve my capital and get stable profits.
So, my honest opinion on why signals don’t last longer than 2 years, it is because they are not reliable trading strategies and the respective signal vendors give up sooner or later when their subscription sales drop.
My advice is, don’t depend on signals! Learn to trade yourself and rely on your own thinking to be able to trade profitably and reliably in the future. It will take time and effort to achieve, just like any other profession – it needs time, study and gaining of experience. It does not happen over-night. It takes years!
Thanks for your kind reply. Your rationale is quite good. The consequence is that all the market in MQL is useless and a waist of money. However, there are some people sharing their trading strategies to make money. See, for instance, <Deleted>. Unfortunately, not all can have the time to dedicate to trade. It's my case. I think that sharing a trading signal would be mostly beneficial for people like me. I hope I can find a reliable signal to copy. I've seen that some signals receive a huge amount of money. There are people investing 50-60 K USD to copy a signal.
Try to think about this logically! If signals were indeed good, they would last much longer than 2 years. If they don’t, it is because most are created by novice traders who don’t yet fully understand trading or the risks and are trying to make money from the signal subscriptions instead of the actual trading.
If their trading were any good, they would not need to sell the signals and would just profit from the trading alone. Some, will say that they lack the capital and need the subscriptions to gain their capital. I don’t agree with this. I too was once a novice and without the capital, but I slowly learned and became better at it and grew my capital until reaching a stable income. I never needed to sell my “signals” or my own EAs for that. I relied solely on my trading to improve my capital and get stable profits.
So, my honest opinion on why signals don’t last longer than 2 years, it is because they are not reliable trading strategies and the respective signal vendors give up sooner or later when their subscription sales drop.
My advice is, don’t depend on signals! Learn to trade yourself and rely on your own thinking to be able to trade profitably and reliably in the future. It will take time and effort to achieve, just like any other profession – it needs time, study and gaining of experience. It does not happen over-night. It takes years!
Fernando, in my opinion, I think that this is a very myopic view of trading as an industry - what you are saying is a bit like saying that there's no point in any Hedge Fund Managers in this world (or any other Investment Manager, adviser, whatever...) - if they're so good at what they do, then they also could just make all their money for themselves and forget anyone else who may want to join the party. Signal provision is way of expanding your singular trading efforts and introducing something to other traders who may not have the experience that you do and allow them to feel the pace and excitement of the markets with little effort. I also think that as a Signal provider, this can be a tremendously rewarding experience and a way to build up a broad spectrum of clients who you can then engage with through various channels. It just makes a trader's life interesting and expands trading more into the sphere of a business. Sure, not all signals work and not all have longevity, but there's space for many different avenues of trading for everyone to enjoy! At least, that's the way I see things...
Fernando, in my opinion, I think that this is a very myopic view of trading as an industry - what you are saying is a bit like saying that there's no point in any Hedge Fund Managers in this world (or any other Investment Manager, adviser, whatever...) - if they're so good at what they do, then they also could just make all their money for themselves and forget anyone else who may want to join the party. Signal provision is way of expanding your singular trading efforts and introducing something to other traders who may not have the experience that you do and allow them to feel the pace and excitement of the markets with little effort. I also think that as a Signal provider, this can be a tremendously rewarding experience and a way to build up a broad spectrum of clients who you can then engage with through various channels. It just makes a trader's life interesting and expands trading more into the sphere of a business. Sure, not all signals work and not all have longevity, but there's space for many different avenues of trading for everyone to enjoy! At least, that's the way I see things...
Unlike a Hedge-fund manager that requires a License, a bank guaranteed support capital to cover the risks, not to mention the professional stance and academic achievements or business experience to back up the name, signal providers here are mostly rookie traders, with no real experience or knowledge and no financial backing what-so-ever.
You are trying to compare apples and oranges! They are not the same thing!
Yes, there are a few real and reliable, experienced, knowledgeable traders offering their signals, but they are a not a dime a dozen and you probably will not find them here, and the proof is in the pudding, given that one can't seem to find any such signals with a long-term track record on this site.
Fernando, in my opinion, I think that this is a very myopic view of trading as an industry - what you are saying is a bit like saying that there's no point in any Hedge Fund Managers in this world (or any other Investment Manager, adviser, whatever...) - if they're so good at what they do, then they also could just make all their money for themselves and forget anyone else who may want to join the party. Signal provision is way of expanding your singular trading efforts and introducing something to other traders who may not have the experience that you do and allow them to feel the pace and excitement of the markets with little effort. I also think that as a Signal provider, this can be a tremendously rewarding experience and a way to build up a broad spectrum of clients who you can then engage with through various channels. It just makes a trader's life interesting and expands trading more into the sphere of a business. Sure, not all signals work and not all have longevity, but there's space for many different avenues of trading for everyone to enjoy! At least, that's the way I see things...
Just to give you an idea:
1. Starting with an investment of 20 000 USD and getting a monthly gain of 20 %, in two years would result in 1,589,936.94 USD.
2. Based on the same conditions but adding the gain which could be obtained sharing this signal with 100 people at 30 USD per month, would result in 1,731,231.27 USD after the same period of time. The total would be 2,296,408.57 with 500 subscribers. I would say it's a quite relevant increment.
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