A signal serviceA signal service is a company that specialises in providing ... More is a company that specialises in providing trading signals for a fee. The signal service analyses the marketWhat are value stocks? A value company is a company that app... More and then provides signals on 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 lotIn forex trading, a lot is the standard unit to measure the ... More of moneyMoney is a generally accepted medium of exchange to buy and... More before a traderWhat is a trader? A trader is a person who buys and sells... More will actually find a legitimate and reliable signal service.
- Delaying the execution of the orderWhat is a trade order? In trading, an order can be defined... More — it may take time to receive a signal via SMS or e-mail. By the time the signal has been received, the priceWhat are value stocks? A value company is a company that app... More 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 liabilityIn finance, a liability is defined as an obligation resulti... More for another trader’s lost money.
