Throughout this article, I want to go over some thoughts on Forex Signals Service Proof. What should you focus on to build confidence in the results? Are you able to duplicate the pip numbers reported by the signals service? These are some of the questions that need answering.
What Kind Of Forex Signals Proof To Focus On
Many people look for proof in the form of a 3rd party account statement publisher. There are services like MT4i and MyFXBook that let you hook up your trading account to their site and report in real time what is happening in your account. These services can be used to publish the performance of the signals service in a transparent way.
While this seem like an excellent way to provide proof, there is one problem. In my opinion, the signals service needs to prove the pip numbers they report are correct. Using one of these 3rd party account statement publisher shows much more. You can see money earned or lost as well as percentage gains or losses. The issue I have with these statistics is they only reflect what would happen using one risk management system with one account balance.
As a signals follower you should get similar pip numbers. But the winning or losses or the percentages your account reflects is determined by the size of your account and the risk management strategy used to determine lot size. Therefore, the statistics shown by the statement publishing services can lead to false conclusions and hinder the decision making process.
Can You Copy The Signals Service Pip Numbers?
The signals service showing they make a certain number of pips is one thing, but being able to duplicate those results is quite another. You need to be able to trade the signals accurately and duplicate the trading outcome. If you miss trades because the signals are delivered 24 hours a day, you are not going to get the same results. If your trades do not match the service you are following because you use an unreliable trade copier, you are not going to get the same results.
As a result of slightly different broker price feeds, slightly different spread values and slippage, you should expect slight differences in the trading results. Using different brokers will give slightly different results and there is nothing you can do about that. You would need to use the exact same broker to duplicate the signals perfectly.
Signals Service With Good Forex Signals Service Proof
Set And Forget Forex Signals is a signals service that shows snapshots of the trade levels and results. This Forex Signals Service Proof you can use to see the results posted on the website really come from the signals they provide. And since the trades are placed manually at the same time every day and they are set and forget, it is very easy to use these signals and get similar results.
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