Aren’t all signals fraud? How to choose a signal provider? What to expect?
Aren’t they all fraud? Lets get this out of the way: yes, most of them are 90-95% of signals out there are just a massive scam.
Our animal like desire for a MONEY BUTTON makes us an easy pray for scammers of every denomination.
How to know the guy is a scam? Well, you can’t know before you buy, actually, and that’s the problem. But there are ways to tell with certain degree of probability that the guys is a real/scam
Red flags:
(1)The most obvious one is when you are promised unrealistic returns. The average trader makes 5-10% of deposit a month with 1% risk per trade. You can potentially increase returns by increasing risk. But when you are promised to turn 100$ into a million in 6 months- that’s a scam
(2) Unknown guy. No track record. Well, this one is self evident.
(3) No public record. If you can’t see someone’s performance out in the open, but still being promised profitable signals. That should make you question the validity of the guy. Most people on Tradingview are good from that perspective, as you can’t edit or delete your old ideas, so you see both bad and good trades.
But the key indicator as with anything, is Reputation. Buying a product from someone reputable gives you a high chance to get what you paid for.
Now, there is an interesting question:
The signal provider is a human being too, right? So all the fallacies of ours that I talked about are applicable to the signal provider too?
Thats right! The signal provider might have a loosing streak, get sick or sad or just stop trading for a while. So is this real diversification? How about buying several signals then?
But that must be expensive, and how do I find several decent signal providers,If finding ONE is already a challenge?
Here, I present you A SIGNAL AGGREGATOR!
A Signal Aggregator is guy who already selected the best signal providers for you, purchased their signals and put them all together for you for a fraction of a cost!
- No need to go through hundreds of offers on the market - All signals are already tested and vetted - The price is LOWER than any signal individually - All signals in one palace. No need to be in multiple groups. - True diversification - Multiple strategies combined -Peace of mind
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