Questions About Forex Investing Live Signals
Today I got and email from a potential subscriber with some questions about the Forex Investing Live signals service. Since other potential subscribers might be having the same questions, I thought it a good idea to share the questions and my answers.
Will I be up to par and ready to place a trade from your signals
once i complete the signals success course? Any other recommendations
as far as education before I start?
However, most of trading successfully is the ability to follow instructions, stick to the plan and avoid letting emotions get in the way when real money is on the line under live market conditions. These skills only come from first hand knowledge and hard earned experience. This is not something you can necessarily prepare for… but rather need to learn by doing.
Will I be able to learn the strategy behind your signals? Just in
case you ever decide to close up shop. I would like to be able to
continue the same strategy on my own.
How long have you been using the particular strategy you are using
now to give out the signals? Do you see this strategy working forever?
Could it ever be automated?
I don’t think well thought out strategies ever “stop working”. All strategies work better sometimes than others. When the market conditions are in tune with the strategy… they work great. When market conditions are not in tune… they don’t. The trick is to have the good times make more money than the bad times… which most good strategies do over time.
A lot of people are quick to abandon strategies… saying they “stopped working”. Most likely what is happening is they are going through a consolidation or drawdown period and abandon the strategy before it can recover. (They usually come back after abandoning the strategy and see they lost out on a lot of profits after they stopped trading the strategy).
Over time I expect my strategies to be profitable… sometimes more and sometimes less. But still profitable.
Any issues with liquidity? Is there any limit on how much we can
earn with this strategy?
Is this a set and forget strategy for you too, or does it require
you to be around the computer monitoring at all times, just to be able
to give out signals to us?
This is set and forget for me as well. I only look at the charts around 10 minutes a day. Decisions are only made at trading time and actions are only taken at that time. Since I cannot do anything to influence the market, or make decisions at any other time… why stare at the charts?
What does “monitor” the trades mean as far as time? Are we only
monitoring and making adjustments to the trade when you send us a
message to do so? Such as changing the SL or taking profit, etc. Or do
i need to be constantly checking the trade throughout the day?