Are the Signals providers a good option?

I run a system on Collective2, but it isn't FOREX, it's an options system. The biggest mistake I see beginners making is trying to make $ in FOREX with less than $1000 and hoping a combination of leverage, low drawdowns and luck will catapult them into five-figures... not likely.

I see this on C2 all the time. You're better off being more patient and looking for trading signals that show robustness, high sharpe ratio and consistency.

Silver Alpha
http://slv.collective2.com
 
You are right!
Trading with micro lots where 1 pip is 0.10 cent will be profitable in a long term trading. I have experienced it my self cause I have opened a 1000$ live account in AAAFX for receiving signals from zulutrade.
 
Quote from CanTrade:

Are you talking for Signals in general?
Cause for Zulutrade' s Signal Providers we can first check their performance history and then decide.
A demo account is always good for a testing period.
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oooo yeah, totally agree, this is exactly my strategy as well... I recently started using zulutrade's demo...So far, I’ve chosen 4 providers on the basis of their top win % performance along with pairs differentiations....so far it's going pretty well, but it is still under testing :p
 
I've opened a demo with Collective 2 and what struck me was that not all the providers were available to be used in the free trial. Moreall, those who were, you could check their performance only for a limited time of up to 7days. What also made an appalling impression was that results were hypothetical, not real life, which means of course that whoever profitable you follow might be losing big time. Other that that the educational guru was pretty nice and interactive :) I am also using Zulutrade and things there are pretty different - results are real-life time and also I was able to switch my settings from my demo to life, pretty good :D
 
Quote from alarFX:

I have been trading with signals for a long time, so I know how to select a broker, and recognize a provider who is scalping...as I recognize someone who is trying to sell me something. If you are personal of zulutrade, please try to develope and improve the information about your signals providers, as the risk setting of zulutrade site instead of make spam. Anyway, thanks for the advise!
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so, who are you following these days ? :D sometimes even scalpers are good you know that! :p
 
For me signal provides have made me quite lovely returns - 7.5 K usd last year only from following zulutrade traders (and with losses of course). Doubled more or less my initial account :D
 
For me signal provides have made me quite lovely returns - 7.5 K usd last year only from following zulutrade traders (and with losses of course). Doubled more or less my initial account :D
 
Most of signal providers are just scams that show up for a while and then go. The only exception i know is fxmaster.net. They have been around since 2004. But even this one needs very careful money management and a quiet big accounts since they have big draw-downs from time to time. However,, their results are real and i followed them for a couple of years.
 
I would disagree with you mate, not the one on zulutrade. The platform is designed like this that makes it possible for us to sort them by our taste of trading, imagine that.
 
markger said:
Which broker did you use? Because some brokers tend to give different price feeds and add to slippage (see the slippage chart). Especially if the provider you use is scalping, you usually get different results, as scalping doesnt work well in zulu...
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Scalping works well with my Broker. The rules states that you can only open orders of less than a minute with 5 digit quotations. Other than this, a trader is free to scalp the 5 digits. STP brokers are more reliable when it comes to scalping. Also, when the execution speed if fast, there is no need to panic about slippages. Scalping works well with Profiforex
 
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