Forex Zone - Forex Forum

Can We Succeed in Trading Only by Following People's Signals?

Discussion started on General Forex Discussion

  • Hero Member
  • Posts: 11098
  • Points: 781
  • Likes Received: 31
  • Reputation: +2/-0
Recording the accuracy of our own trading signals is one way to motivate ourselves to be more enthusiastic in carrying out analysis. In my opinion, we should not be too dependent on signals from other people.
#646 - March 13, 2024, 09:38:55 AM

  • Hero Member
  • Posts: 5460
  • Points: 1
  • Likes Received: 16
  • Reputation: +0/-0
We will not possibly be successful as long as we only use signals, where when we use signals we should learn manually first
#647 - March 15, 2024, 09:24:05 AM

  • Hero Member
  • Posts: 11098
  • Points: 781
  • Likes Received: 31
  • Reputation: +2/-0
Coincidentally, I just found a good signal, and this signal is based on a smart money concept technique, and I've tried it for a few weeks and it turns out it's true, so in my opinion there's no problem when we follow other people's signals.
#648 - March 15, 2024, 04:04:31 PM

  • Hero Member
  • Posts: 48743
  • Points: 788
  • Likes Received: 36
  • Reputation: +53/-46
We will not be able to always use other people's signals. What we must use is our own confidence in analyzing with our own techniques
#649 - March 17, 2024, 03:37:06 AM

  • Hero Member
  • Posts: 11098
  • Points: 781
  • Likes Received: 31
  • Reputation: +2/-0
There is no need to doubt our own signals or analysis, the technique must be practiced. We must become familiar with the strengths and weaknesses of our own techniques. Know when to put it on and when to take it off.
#650 - March 17, 2024, 03:51:04 AM

  • Sr. Member
  • Posts: 486
  • Points: 2
  • Likes Received: 2
  • Reputation: +2/-0
We won't be able to succeed using signals from other people. What we have to focus on here is using what we use ourselves to be able to focus.
#651 - March 18, 2024, 06:30:52 AM

  • Hero Member
  • Posts: 11098
  • Points: 781
  • Likes Received: 31
  • Reputation: +2/-0
Creating your own signal for consistent profits in trading is not an easy thing, just like instilling a sense of patience when we are willing to wait for the right signal. fire should not depend on other people's signals.
#652 - March 18, 2024, 08:27:37 AM

  • Sr. Member
  • Posts: 486
  • Points: 2
  • Likes Received: 2
  • Reputation: +2/-0
I'm sure it's impossible because when you only rely on signals and you don't use your own techniques.  I don't think all that will make you smart.
#653 - March 19, 2024, 08:32:41 AM

  • Hero Member
  • Posts: 11098
  • Points: 781
  • Likes Received: 31
  • Reputation: +2/-0
My mentor, you can be successful in forex trading by following other people's signals, but you have to be disciplined, meaning you first follow the signal for at least 3 months, and if it is profitable then you follow it with discipline.
#654 - March 19, 2024, 11:50:36 AM

  • Hero Member
  • Posts: 5460
  • Points: 1
  • Likes Received: 16
  • Reputation: +0/-0
As long as you still depend on signals then you will not possibly be successful and I am sure of that because when you only use signals it makes you stupid.
#655 - March 20, 2024, 09:53:07 AM

  • Hero Member
  • Posts: 11098
  • Points: 781
  • Likes Received: 31
  • Reputation: +2/-0
Trying to have your own signals will make you a great trader faster, but if you are still not sure and are still practicing then for the real account that you are running, maybe for a while you can use other people's signals which are profitable.
#656 - March 20, 2024, 09:56:31 AM

  • Hero Member
  • Posts: 1276
  • Points: 807
  • Likes Received: 0
  • Reputation: +0/-0
If I look closely, I think it's impossible because people who only focus on using signals will probably never succeed.
#657 - March 21, 2024, 07:32:58 AM

  • Sr. Member
  • Posts: 486
  • Points: 2
  • Likes Received: 2
  • Reputation: +2/-0
For me, this is not possible if you only use signals. The opportunity to become someone who knows about trading will be small. You should learn to use your own method.
#658 - March 22, 2024, 09:11:14 AM

  • Hero Member
  • Posts: 11098
  • Points: 781
  • Likes Received: 31
  • Reputation: +2/-0
Don't depend on other people's signals and try to be independent. Try to study the market as a whole, this will make you aware of market trends and know where to enter and exit the market.
#659 - March 22, 2024, 10:58:32 AM

  • Hero Member
  • Posts: 48743
  • Points: 788
  • Likes Received: 36
  • Reputation: +53/-46
You won't be successful if you only use signals because when you only use signals it will make it difficult for you to move forward to get something you dream of.
#660 - March 24, 2024, 04:44:33 AM

Members:

0 Members and 1 Guest are viewing this topic.