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A question to traders

Jun 27, 2012 10:29 am
georgeb User

Mensajes: 48
Member since: 08/03/2012

Hello Sebastian! What is so special about zipsignals and ayondo and you rate them with 5 stars? Do they have many members /copiers?

Jun 27, 2012 10:40 am
Sebastian User

Mensajes: 150
Member since: 29/09/2011

@georgeb

 

Well, i do not want to make any advertising or something, this is just my opinion.

For example Zipsignals, there the Trader get a monthly Fee. For example when i choosed a Fee of 50$ then he gets 30$ and the rest goes to Zipsignals (something like that)

This means, the Trader does not open many senseless Trades just get some money. For example Mikjurado is a long-term Trader and open just 1 or 2 Trades per month but has better results than a Trader who makes 20 Trades a day....but the extra income of Miki is ridiculous when i get paid per Trade.

(Of course the solution from Fxstat with the success fee is also a fair solution)

Then the Follower receive the same Pips like the Trader, which is for example not on rentasignal. On Rentasingal i had for example a month with 1% plus although i made Minus. And the Support on Rentasignal is one of the rudest ever ;)

 

Jun 27, 2012 01:06 pm
georgeb User

Mensajes: 48
Member since: 08/03/2012

Having a steady income per month certainly wont rush you to start opening trades for comissions , but how do you convince people to pay money per month for a strategy

that doesn’t guarantee you it will not crash at some point and fail completely.

 

Jun 27, 2012 01:53 pm
leebut User

Mensajes: 158
Member since: 16/07/2011

George, exactly.

I think that no strategy is without failure at some point. You can have a great year/month with it, followed by a huge drawdown the next.

I also think signal providers should compensate followers for losses. It seems to be aone way street: be fully responsible for wins, but have no responsibility for losses.

Jun 27, 2012 02:23 pm
CFXsignals User

Mensajes: 359
Member since: 21/05/2012

No signal provider in world would compensate people for their losses.  If you look at portfolio managers and account managers in shares, none of them take reponsibility for their clients.  The only thing I have seen is a refund for a losing month, but that is quite rare among professional ones, only amateur providers.  If you find one that does provide cashback, let me know!

Jun 27, 2012 04:42 pm
Sebastian User

Mensajes: 150
Member since: 29/09/2011

Well, for example Fxjunction....There Follower has to pay $10 per standard lot.....There you can see what will happen when a Provider has around 10-20 Trades per day.....

 

Autocopy is the same, there the Broker has normally a bit bigger Spreads from which the Provider, Broker and Signal Service get paid.....

 

Jun 27, 2012 04:44 pm
Sebastian User

Mensajes: 150
Member since: 29/09/2011

@leebut

Well, i am pretty sure there would be not one Provider who sells Signals when he has to compensate the losses

 

 


Jun 27, 2012 10:53 pm
leebut User

Mensajes: 158
Member since: 16/07/2011

Sebastian and CFXsignals, you are right. And that makes it risk-free trading for the financial instrument provider.

There seems to ba a lack of confidence. Why is the risk ALWAYS with the investor and not shared with the one (effectively) trading their money? It's about time the providers took responsibility for the messes they make. They're all too happy to take percentages of gains, but never give a refund when they are wrong.

Maybe signal providers need to be regulated to stop ones that may be reckless.

Jun 28, 2012 07:09 am
Sebastian User

Mensajes: 150
Member since: 29/09/2011

Well, Investors always take the risk. But dont forget that the Provider risks his own money as well.....

You can´t expect for example 100% per year without any risks...............

 

 

Well, of course in the end the best is to trade alone 

Jul 06, 2012 06:33 pm

Mensajes: 194
Member since: 26/04/2012

I like manual trading because i am just happy through it and i just hate to became greedy and invest again and again and suffer a big loss so its better to trade carefully and after thinking twice.