Do you know any consistent profitable Spot Forex signals telegram channels or provider ? Because I would like to get some more ideas I can analyze or maybe complement my other trading here. The trader should have at least 10+ years experience itself and must have also a look on fundamentals, not technicals only. It would be also good to see a kind of verified or true performance track record of past trades for at least 6 months to a few years at best. The Reward-Risk-Ratio or Net profit in pips to Drawdown should be something at 1:1 per month or better. So far I try out some, but actually did not find any meaningful good telegram channel here. If anyone can contribute here to the Forex signals space, please tell me more. Thanks.
Consistent profitable Forex signals ?
- Thread starter TrAndy2022
- Start date
Good to know, do you want to mention which you tried and did not work ? Then we have a kind of negative list of such providers, which can also be meaningful, where not to look at (again).
Your argument or conclusion could be true of course, but somehow it could be also possible especially in the large liquid Forex market that one is providing good signals here. Just as a kind of insurance of having a (limited) bad time for their own trading when they get some extra cash from their paid service. That could be also kind of reason that there are so many hired bankers which also could trade only for themselves. I mean if they are really profitable why the need to work in a bank and trade for the bank only ?
They could compound theirselves and over time get much more money from their own trading than getting those bonuses in the bank. Because you have a certain limit every year, it does not increase to no limits, there is always a limit per trader per year which is the max loss they can have. So own compound on own personal accounts and trading only for your own is best option. But it is also a true that there are many traders in the banks who also really want to trade for the bank only (as a kind of insurance I guess, here too). Because they recieve a fixed salary too and in case they produce a large loss they can only loose their job and not their own money. Otherwise there is no serious reason to get only up to 20% of profits in a bank, when you could get 100% of profits when trading for yourself only. So the only possible explanation here they want a kind of insurance for themselves.
Same is for the hedge fund industry. If you have a really good consistent strategy why do you need someone else his money to trade with ? You could easily get to your own trading limits yourself just by trading your own high sharpe strategy. So no one rather in the fund industry or in a bank or simply any hired trader makes sense. Just trade for your own personal accounts, that's it. And if you want an insurance as sole trader you only need to pull out some profits from the trading accounts into a longer term 'investing' account from time to time for example.
The same argument of insurance could be for signal providers here too. Especially in Forex world, where is that huge liquidity there. So I find it legit to ask here.
Last edited:
+1 since it mirrors my experience. I didn't linger very long in that swamp, but what I found is those signals/systems/bots/whatever are either random or try to fool a potential customer with some martingale or grid trade. I.e. achieving a high win rate but having negative expectancy and disasterously blowing up, after seeming to make ridiculously consistent money for some time whilst requiring very high maximum leverage. It's kind of sad the scam still works, but there's an infinite supply of gullible people dreaming of getting rich fast without going through the hard work on their own.
It's also true that an actually successful trader has no reason to bother selling trading signals. Yeah, it's riskless revenue, but dealing with customers takes time and thus money.
Last edited:
I would say it depends how easy it can be setup e.g. with low cost barrier entries like opening a telegram channel and with their search engines for any marketing.
Second, maybe it is like the same with all the bank analysts and their research, which is also pretty useless I find for any good consistent profitable trading. Otherwise those ANALysts or ANAL(c)ysts would be traders. So maybe there is no useful research around at all for trading (directly), especially from non traders. And if they trade why do they need to publish or sell research ? I would listen to a trader only when looking for research. In the rare exception a trader in a bank is doing some research for the public, I would like to know which one or the source where I can get it. The same argument as above would be true here, it is a kind of insurance again as a kind of extra cash for the trader (with his paid research).
But if there is a useful research or trading signal source for trading then please say it here.
Last edited:
I tried those providers a few decades ago.
I remembered some of them.
They are now in hiding & nowhere to be found.
Why so many signal providers (and also indicators)?
because there is demand for it.
Personally, I felt that the signal providers are rather inexperienced
(probably < 10 years full-time trading experience).
There is of course a reason that a signal provider will not offer their service for so many years. Because it does not make sense to have good strategy and trade it for so many years or even decades that the subcription fees from paid subscribers would be meaningful after so much time. That is why I think it must be reviewed from time to time with new traders/providers on the market. For example there is so much AI hype at the moment, yet I have not found a good one so far. Overall I looked for the past 4 weeks or so and could not find anyone.
If anyone knows a good profitable signal provider for the Forex market please post it here.
if it is really good and you cannot do it better, why not ? If someone else is doing it better than you (that could be always the case somehow) then why not looking ? I mean only very rare persons think they are the best in the world. So it makes sense to look around if someone is doing it better and provide a service to you or not ?
Traders trade, lookers look.