Items Tagged With forex trading signals

The Lien Schlossberg forex trading signal service hasn't worked out well so far.  It isn't so much the losses they have incurred as much as the inability to act in an expedient manner to execute a trade based on their signal.  Here are a couple of reasons why it hasn't worked out for me:

1. I lost a little bit of confidence in them last week.  They made a couple of trades last week that I felt were impulse based on previous losses.  This is strictly my opinion because there is no way I could actually prove this.  I could be totally off base.  They did state in a weekly recap email that they made "boneheaded" calls.
2. As I've stated before, their trade calls have to be followed very closely.  When I get a text message or email from them, I must execute the trade right then and there.  They have sent out trade calls during many different times so I've had to be on my toes.  I can't always be in front of a computer with my trade platform open though so this has not been easy.  For instance, yesterday I was in a USD/CAD trade that had a set profit target and stop loss.  They jumped in at 7:15 am to tell me to get out of the trade.  I couldn't because I was in transit.  Instead of making a tiny profit, I lost 4 pips.  This is totally acceptable to me considering the ever changing market conditions so this is not a knock on them.  This is more a question of whether these type of trade calls fit my schedule. 
3. I haven't received the trade calls via text message because they failed to be delivered.  I don't have real-time access to my email all of the time but I do to my phone.   They finally stated after I had asked them a couple of times that Verizon was failing to deliver some of their text messages due to overload.  It seems like they may have addressed this issue.  I'll have to wait and see.

I was talking yesterday about free limited time trading signals from forexing.com.  They look golden from their picks for today.  I know they picked the USD which is in the direction of the trend but either way, their signals were reliable.  I found more on their site on how to execute a trade from a signal provided by them:

1. Open position at or near the 20:00 GMT closing rate in direction of SignalFX™

2. Set take Profit level of 15 pips

3. Set your own stop-loss

4. Evaluate 68%, 95%, and 99% levels for potential targets of support and resistance

5. You may close positions at 15 pips or hold longer – this is all up to each trader to determine.

I'm not saying I'm going to use their signals, I'm just always searching for an edge and in the process can learn more about foreign exchange. 

Before I even mention this website, I want to state that am not a believer in buying trading signals or tips of any kind.  I firmly believe that most people can do better themselves and those providing the signals could be millionaires if their systems performed as they stated. Therefore what would be the need of charging to provide others to profit on their system since they would be too busy making money from trading. 

Anyway, I stumbled upon the site forexing.com which for a limited time is providing free trading signals.  I was and am skeptical of it....