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Any good forex signals service ?
- Thread starter Goodfray
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Quote from MrsSavant:
I am relatively new to Forex Trading.
Do you guys have success with any of these signal services on the internet? Do you make money?
I do make money with www.fxmaster.net
They made +11,000 pips in last 2 years. You just need to trade with low leverage because their drawdowns may wipe out your account if you use big leverage.
Do you know there performance for June and July? It seems when they have a good month they post the results in 3 days and when they have bad month they wait more than 30 days in some cases. My guess is that JUNE was terrible.Quote from Peter35:
I do make money with www.fxmaster.net
They made +11,000 pips in last 2 years. You just need to trade with low leverage because their drawdowns may wipe out your account if you use big leverage.
tx
Quote from Truff:
Do you know there performance for June and July? It seems when they have a good month they post the results in 3 days and when they have bad month they wait more than 30 days in some cases. My guess is that JUNE was terrible.
tx
Results according to my trading account:
May +1160
June -400
July +280
August +470
That's the problem with those services because they don't
post open drawdowns suffered but only closed drawdowns,
same for Collective2.
You don't know how much heat you have to support to
achieve their results.
post open drawdowns suffered but only closed drawdowns,
same for Collective2.
You don't know how much heat you have to support to
achieve their results.
Nick,
You are correct. That is the one major problems with the "pip" trackers. You see a 3000 pip gain at the end of a month, but are not able to see the 4000 pips that service was down during the same month.
The new (or not so new) way of juicing up the pip totals is by using about 5-10 correlated strategies with multiple positions. It's very easy to have a +1000 pip day, but much easier to have a -2000 pip day.
Peace,
T2
You are correct. That is the one major problems with the "pip" trackers. You see a 3000 pip gain at the end of a month, but are not able to see the 4000 pips that service was down during the same month.
The new (or not so new) way of juicing up the pip totals is by using about 5-10 correlated strategies with multiple positions. It's very easy to have a +1000 pip day, but much easier to have a -2000 pip day.
Peace,
T2
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