Can You Make Money Trading Forex Signals?

[moonchild]

Trading signals are all over the place, if you belong to any forex group on any social media you will notice how it is always hammered to join a signal group and make money, the truth is most of these people are just looking for the gullible ones to scam, but there are legit signal sellers, that have a good track record for signals and in my opinion the best way to find them is to actually get a mentor and work out a plan with him to be selling you some signals.

You can use these signals to decode how a person trade and over time you'll be able to figure out their strategy let's say in a month or two and you can be on your own.

 

[FinTrader]

To make money on signals from other traders, you first need to check their reliability. At the same time, it is important to use them as an additional tool for decision-making, and not as the only source of information. Then trading will be more conscious and reasoned, and not just mindlessly copying someone else’s actions at your own peril and risk.

 

[FXOchartist]

In the large forex industry, you have to be wary of various types of fraud, including making money with trading signals, usually, some authors have free signal tricks in the group but they promise premium signals in the VIP group, which only aims to make money from selling signals.

It's true when we join a forex community group on Telegram, sometimes we enter another group without approval which sometimes only contains unclear trading signals, usually, I prefer to leave the group and report a scam when I suddenly enter the group without consent.