Hi all,
I would like to share with you some idea
During last few months, I had "pleasure" to subscribe to few great looking signals - World Peace Cookie, Golden FX trader, Alexprofit and look closley to others, like SiamFX to mention just few of them. All have one thing in common - they jumping out like rabbit from the hat to top position on signals list, performing quite well for short period of time, then in few days (or one day also), wipe out all profits, go into serious DD and finally finish with margin call. Of course history looks amazing at the begining.
Most traders, after publication and getting subscribers, in my opinion start to think that know better what will be happen on the market. Almost all of them very quickly start to trade with some insane risk and of course, agaist trend. And finally lose.
I personally use signals as one of my activities on FX. Part of trading doing on my own, part is EA only, part are signals. My motivation to use signals is simple - I have no enough time to be glued to charts for whole day. Also, I really think that somebody outthere has wider experience, like trading and in general want to ear money for living in this way.
So I really like to pay for this job and diverisify my FX portfolio.
I will be very happy, if simpletrader will find one-few traders, that commit and stick to few rules:
1. Trade only and definetley only with trend. In a matter of fact, this is at 1, 2, and 150 position in priority list
2. Max risk on open position no more than 2-3% of balance
3. Always cut loses, always use SL
4. Opening position only when risk:reward is > 1
Consider what could be profit, if we had this kind of signal last 2 months on USD for example. Not trying to catch market top/bottom. Wait for trend confirmation, one month or longer if required. And then, opening only shorts on each pullback.
Boring, boring strategy. But stable, profitable, require lots of time and not generating 4000000% in one month.
But I think, most of us looking for this type of signal - stable, managable and boring. I'm willing to pay much more 100$/month for this kind of work done by serious trader.
Really courious your opinion. Maybe we motivate Nick and simpletrader team to look and hire few this kind of serious thinking traders.
BTW, DayFox looks promising as I watching (and following as well) his trading strategy.
BR
Art
I would like to share with you some idea
During last few months, I had "pleasure" to subscribe to few great looking signals - World Peace Cookie, Golden FX trader, Alexprofit and look closley to others, like SiamFX to mention just few of them. All have one thing in common - they jumping out like rabbit from the hat to top position on signals list, performing quite well for short period of time, then in few days (or one day also), wipe out all profits, go into serious DD and finally finish with margin call. Of course history looks amazing at the begining.
Most traders, after publication and getting subscribers, in my opinion start to think that know better what will be happen on the market. Almost all of them very quickly start to trade with some insane risk and of course, agaist trend. And finally lose.
I personally use signals as one of my activities on FX. Part of trading doing on my own, part is EA only, part are signals. My motivation to use signals is simple - I have no enough time to be glued to charts for whole day. Also, I really think that somebody outthere has wider experience, like trading and in general want to ear money for living in this way.
So I really like to pay for this job and diverisify my FX portfolio.
I will be very happy, if simpletrader will find one-few traders, that commit and stick to few rules:
1. Trade only and definetley only with trend. In a matter of fact, this is at 1, 2, and 150 position in priority list
2. Max risk on open position no more than 2-3% of balance
3. Always cut loses, always use SL
4. Opening position only when risk:reward is > 1
Consider what could be profit, if we had this kind of signal last 2 months on USD for example. Not trying to catch market top/bottom. Wait for trend confirmation, one month or longer if required. And then, opening only shorts on each pullback.
Boring, boring strategy. But stable, profitable, require lots of time and not generating 4000000% in one month.
But I think, most of us looking for this type of signal - stable, managable and boring. I'm willing to pay much more 100$/month for this kind of work done by serious trader.
Really courious your opinion. Maybe we motivate Nick and simpletrader team to look and hire few this kind of serious thinking traders.
BTW, DayFox looks promising as I watching (and following as well) his trading strategy.
BR
Art
Comment