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Question: Are forex signals reliable ?

(Posted by: ananda w on 2008-06-09 23:06:29)

Am thinking of using some automated generator like Automated Forex Cash. http:/ / AutomatedForexCash.info

Posted by: Alice on 2008-06-10, 00:00:48

Forex signals are not to be followed blindly. These are used for trend analysis and is reliable only when you have knowledge of using it correctly. Forex is well known for its volatility therefore trusting blindly anything can lead us to huge losses. Combining knowledge with analytical thinking can be a reliable source for earning huge profit.

Posted by: greaser115 on 2008-06-09, 23:19:22

Not reliable whatsoever. It's a fast way to lose a lot of money.

Posted by: MySearch on 2008-06-09, 23:30:21

I use Forex Killer to generate signals but don't use them blindly. Very useful especially when I'm unsure. Made some successful trades that way.

Posted by: Dave Graham on 2008-06-09, 23:43:21

Totally on autopilot makes me uneasy. But then I guess for a newbie to forex trading it makes the learning very easy. They are all user friendly. I seen many people make money eventhough they are new. But there are others who lose as well. Anyway, for all forex trading, you should always manage your risk at all times. Don't bet what you can't afford.

Posted by: JaiKUBER on 2008-06-10, 00:15:08

They are NEVER reliable..

Posted by: mannoo2005 on 2008-06-10, 09:22:45

I've tried many in my long experience in forex trading markets, but really the best i found is the newest "forex tracer " , it helped me so much in the last month to make money in forex on autopilot . also these days its original website give you bonus 100$ to trade in forex . you can visit and read more about "forex tracer " at : forextracers.com

Posted by: Boris on 2008-06-10, 12:16:58

Check out collective2.com, at least the info their is unbiased and not a sales pitch, its all real info. As for automated signal software, there are many systems and some are profitable for periods of time. However, market conditions can always change and make the system useless and of course you wont know it until you lost all your money since you dont know on what basis the signals are being generated. I trade my own FX program, but I at least know its strengths and weaknesses which helps me pick the best times to turn it on and times to back away and preserve capital. BE VERY SKEPTICAL, just think of it this way, if a system can deliver 100%+ per month return why would anyone ever sell it and destroy their unbelievable edge? With returns like that you can be the worlds richest person in a few years. If it sounds too good to be true.......

Posted by: jsforex.blogspot.com on 2008-06-10, 15:15:04

You have probably heard enough on how unreliable signal providers can be. Why not look into a managed forex investment program instead? Try this: jsforex.blogspot.com