Profit With Forex Signals Service Or As Independent Trader – Your Choice
You CAN profit with Forex using either a Signals Service or becoming an Independent Trader. But you should take some things into account to find out which path is right for you.
Profiting Using A Forex Signals Service
Some people are perfectly happy using a Forex signals service to profit in the Forex markets. In our experience, people who already have experience trading and use proper money management are best suited for signals services. (People who expect to win all the time and use risky money management never seem to last long enough to make using a signals service worthwhile).
Case in point:
We run a Forex Signals Service called Forex End Of Day Signals. From 2012 to present, we have banked +6378 pips with the Red Iron FX Signals using a tight stop loss of 20-30 pips. These results are even more impressive when you take into account the trading is done in less than 10 minutes a day.
We are very clear about our results and show how there were even 10 months during this time that were not profitable. We wrote 3 reports for our subscribers about the importance of trading the signals long term. We even made the price very low ($35 a month), so people would stay long term without worrying too much about the subscription price.
The first 2 months of 2015 were negative… and half of our subscribers left.
In March, we decided to add optional exit strategies for the signals (Targets, Timed Closed & Advanced). Here is what has happened so far this month:
- Targets: +262 pips
- Timed Close: +1,226 pips WOW!
- Advanced: +297 pips
And it looks like today is going to be another winning day.
If the people who left would have just waited one month, they would have had a winning month (and if trading the Time Closed strategy would have probably been hugely profitable so far this year). The people that took the long term approach are now poised to get on the profitable side of trading.
So, we believe it IS necessary for people using signals services to have trading experience and use proper money management so they can stick with the signals long term and get the profits they deserve.
Profiting As Independent Traders
We have recently developed a very special Forex training course. This is unique and we have not seen other people try to teach Forex in this way. Basically, we have created a method where we can help people gain the knowledge, experience and confidence they need to become independent, profitable traders trading our Blue Steel FX System.
Subscribers start off with proven Forex signals. While they gain experience with the signals, they get ongoing training in the form of weekly lessons. At the end of 60 days trading the signals and going through the training, the subscribers get the indicators, templates and rules so they can see the system behind the signals. By day 90, they should be able to trade the Blue Steel FX System on their own and profitably.
For people who want to actually trade on their own, this is the true way to get the confidence you need (both in the system and yourself), to be able to trade profitably long term. And the great thing is, you only have to pay a subscription for 3 months… then there are no more charges. After 3 months… you are not beholden to us, or the service.
Here is what has happened with the system so far this month:
- USDCAD: -100
- AUDUSD: +99
- USDJPY: +161
- USDCHF: +381
- USDCAD: +70
- EURUSD: +604
- GBPUSD: +523
That’s +1738 pips just so far this month! And in our set and forget style, these results we only trading less than 10 minutes a day.
So, if you are interested in learning a trading system that can produce these type of results, check out: Set & Forget Forex
It saddens us that so many people have not figured out how to profit from the Forex markets. You do NOT have to be one of the unsuccessful. Either method we talked about above (using a signals service or becoming an independent trader) works. You just need to stick with it long enough.