If there were any successful signal providers, with good, real performance, they would be FAMOUS! Anyone would know of them! Even the banks or other financial institutions would ask for their advice, or even buy their "secrets" for many millions!
DislikedManaging risk is the most important thing for long term success as a forex trader and using to much margin can be fatal for your account.Ignored
Otherwise, it's like saying that the most important element of a car is the braking system. While you'd be in great danger without brakes, I'm afraid you wouldn't go anywhere without an engine.
Of course, using too much margin/leverage - actually entering too large a position with respect to your equity, can be fatal. Also, not using stops could have the same unfortunate outcome.
You are probably assuming that I'm using a lot of leverage, just because I told you that you could make "millions in no time". Well, you are WRONG and your reasoning is bad!
But, having a system with a 90% rate of success, you could afford pretty big leverage! Mathematically, it would be difficult to lose - of course, assuming that you use stops, so you wouldn't be wiped out by one single bad trade.
DislikedWhat about if your working system gives you only 1 trade per week ? Millions in no time ? Dont think so...Ignored
DislikedAnd even if it produced millions in no time, why would you spit on thousands of buck for no more efforts than sending a bulk email ?Ignored
1. It is generally agreed, that a (trading) system works as long as it isn't used by too many people. Sharing it with many people would just make it less efficient over time, and eventually obsolete. Even if you limit the number of subscribers, some of them would resell your "signals" for fast bucks...
2. If I were to really make some money, other than trading, I'd try to sell the system or to offer "signals" to some financial institution(s) for HUGE BUCKS...
It wouldn't make any sense to waste your time with small retail traders...
3. Now, the last reason, but not the least: Personally, I wouldn't feel very comfortable knowing that others would make serios money(perhaps even more than I could make if they have bigger accounts) just paying me a fee... developing a profitable system and/or good trading skills requires a lot of work, a lot of money (lost) and so on... so all these people would "take advantage" of your personal hard work and your great achievements for just a couple of dollars.. Simply, it wouldn't be fair!