Signal service

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    A signal service is a company that specialises in providing trading signals for a fee. The signal service analyses the market and then provides signals when to buy and sell.

    This may seem like a win-win situation and a convenient substitute for making trading decisions. However, there are several downsides to a signal service:

    • Exaggerating the success and benefits of the service — it may cost a lot of money before a trader will actually find a legitimate and reliable signal service.
    • Delaying the execution of the order — it may take time to receive a signal via SMS or e-mail. By the time the signal has been received, the price may have already moved.
    • There is no guarantee that the signal service will be profitable in the long term. Such companies do not offer refunds or take any liability for another trader’s lost money.
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