Foreign Exchange Trading Strategy Or Foreign Exchange Signals Provider?
Many people ask me why I am a Foreign Exchange Signals Provider instead of simply teaching people my Forex trading strategy. Obviously, once people learned how to trade the same way I do, they would not have to join the Forex signals provider. But the answer goes much deeper than that, and came about after struggling to trade Forex profitably using other people’s systems.
My journey into Forex is probably much like your own. I came across Forex trading and thought it would be a easy way to increase my income. After all, the sites promoting trading systems make it seem simple. I soon found out trading under live market conditions and consistently is harder than I wanted it to be.
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If you’ve ever been to a Foreign Exchange forum, you know there are a lot of people out there complaining about their trading results. Many people think trading strategies, especially mechanical trading systems, don’t work at all. With only 5% of people trying Forex succeeding, it is easy to see find people complaining.
In reality, there are plenty of working trading strategies out there. They give good signals if traded correctly and with proper money management can be profitable. Don’t get me wrong, there is no trading strategy or trader that does not suffer losses. But you can still be profitable in even with the losses. The problem is, 95% of the people who try to trade them fail because they can not and do not trade the system properly.
There are multiple reasons a person can fail at trading a Forex trading system even if the system is good. Most of the problems have to do with finding the time to trade. The other major problem is using unsound money management and being too aggressive with the lot sizes used. Whatever the reason, it is the person that causes the strategy to fail, not the system itself.
This is why I find it pointless to try and teach trading systems. I feel that even if I do teach exactly how I trade, the people will not be able to use the system accurately and the results will suffer. In the end, as is human nature, they will blame me and my strategy instead of accepting any blame. So, why would I sell something that only 5% of the people are going to do correctly, and have to deal with negative criticism from the 95% of the people who mess it up?
On the other hand, by running the Forex signals provider, Set and Forget Forex Signals, I make it possible for people to get very similar results as I do. By just placing the trades as shown at the same time every day, other people can copy my results with little trouble. I feel this is a much better way to help people succeed in Forex.