I am surprised that there is no thread about this. I'm sure everyone has their own opinion on how to pick a good signal provider. So can you share how you pick a good one out of dozens of signals on the site or thousands of signals on subsequent sites like myfxbooks/ mql5 etc...
- Which criteria do you use, what are you looking for as a subscriber?
- If you has been burnt in the past, what did you learn. What did the signal provider do wrong? A case study would be really helpful.
- If you are successful in picking a good signal, can you say what you did right?
Please be specific. Something like: "I would like the signal has a stop loss because no stop loss signal burnt me in the past as EURUSD went down 2,000 pip more" would be great.
Let's make this thread a really good place to learn from subscribers' mistakes/ successes. I think traders' evaluation is the bottom line of trading/investing, a skill just as valuable as trading skill, or picking the right stock, or picking the right hedge fund to invest into.
P/S: I am just thinking of offering my own signal, but just curious of subscribers' process of choosing signals.
- Which criteria do you use, what are you looking for as a subscriber?
- If you has been burnt in the past, what did you learn. What did the signal provider do wrong? A case study would be really helpful.
- If you are successful in picking a good signal, can you say what you did right?
Please be specific. Something like: "I would like the signal has a stop loss because no stop loss signal burnt me in the past as EURUSD went down 2,000 pip more" would be great.
Let's make this thread a really good place to learn from subscribers' mistakes/ successes. I think traders' evaluation is the bottom line of trading/investing, a skill just as valuable as trading skill, or picking the right stock, or picking the right hedge fund to invest into.
P/S: I am just thinking of offering my own signal, but just curious of subscribers' process of choosing signals.
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