Is there such a thing as profitable signals provider?

[traderkay]

Have you been subscribing and trading signals of some service provider which made you a good profit over a significant period of time, ie. a year, 2 years, etc.? Share your experience. No need to mention provider's name.

[ddtrade]

if you had a system that makes sustainable profits would you sell out those signals for 500$ or 1000$ or 5000$ whatever... also knowing that the efficiency of a trading declines when simultaneous users increase?

or would you use them for your self to grow-up yor account? (and you are able yo use leverage so you dont need too much capital)

if some one offers me a profitable(well.. we don't what it is until we pay..) system i would say -if it is that good why are you begging me to buy..does'nt it provide enough money for you?

[foamgod]

There is a site that offers subscription management services for those who provide signals. It shows quite objectively (it claims) the gains and losses and you can search by time frame, aggressiveness, etc. Some provide trials too.

It looks quite good though I did not try anything myself. Someone mentioned the site on this forum before but I can't seem to find that website address anymore. Try googling or wait for someone to provide the address. If you know which site I am talking about, you know. :P

[Mburdge]

Foamgod,

I think you are referring to www.collective2.com

[foamgod]

Originally Posted by Mburdge

Foamgod,

I think you are referring to www.collective2.com

You've got it pal! See? A good samaritan has come along.

[Truville]

Originally Posted by ddtrade

also knowing that the efficiency of a trading declines when simultaneous users increase?

Why? Explain this to me.

[ddtrade]

Truville ,

it's a huge huge market forex. however if many many traders enter at the same point

volatility inevitably increases and due to fast market conditions ,mostly for short term conditions, the ones who enter first may favor more , the ones enters last may disadvantage becouse the first comers may close for some profits at that time.

this condition is assumed if many traders with huge amount of money use the system for short term trading.

also i think (i just think) that trading systems are for for catching profits so all the systems are lets say, for buying cheap and selling up and vice versa and so if the market starts suddenly to trend (and a serious strong trend) all the systems (the systems and market opininon which is targeting to get profits of course) start to give enter signals , assume a pair start to go up fastly in one way or another every system will give a signal (for scalpers day traders and even swingers) so who wins? the one wo enters early wins.

i just think. what do you think?

[Barcode]

Originally Posted by ddtrade

... also knowing that the efficiency of a trading declines when simultaneous users increase?

Forex is nearly 2 trillion dollars per day turnover. Even if a service had 1000 members trading 10 lots at a time, it would not be noticed.