A lot of traders are wondering if Forex Signals can be profitable for them.
Here is a simple example that can describe whether a trader can gain or not by using FX Signals:
-You will have to pay either by volume or via a monthly fee
– There is always an uncertainty in the revenues/profits made from the signals provided. Even if the signals are good, you have to factor in trading costs (slippage, spread, commissions etc…)
– You have the risk exposure of the trades the signal provider has send you
Therefore (Uncertain revenues) – (A monthly fee + Volume traded + Costs of trading) * (1 – All Risk) = Not always profitable.