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I am quite prepared to tell clients exactly why I am taking the trade - there is not secret formula in my trading style. In fact I used to have a trading chat room which I used more for teaching than anything else. I don't have the time for that now, but I am still quite open about exactly why I take each trade. It is normally companies with secret "formulae" (usually no more than a few moving averages) which deny their clients the both the ability to learn and the chance to preserve their capital. I think it is these companies you might be referring to more than mine? In any event, there is a market for signal providers, depsite the fact that many, if not most, are scams. I used Max Mckegg for a year when I started trading, and found the service instructive, confidence boosting and profitable. I still correspond with Max regularly, and we share ideas. I also get daily opnions from two other advisors. I don't take their trades, but do take their ideas, levels and strategies into consideration. Likewise, I have about 7 Forex hedge funds on my client list.
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