You would have come across a lot of signal app review by now. Wetalktrade’s signal app also has a lot of positive as well as negative reviews. If somewhere a negative review would have drawn your attention, then you may even think if it’s still worth to go with our service. But, what you need to understand clearly is that our Premium Signal service is not a MAGIC Black Box which gives you the perfect In and Out Trade Points. No one can ever promise something like that!
If we really do have such a MAGIC Method why would we sell that? Then does that mean we’re selling just a CRAP for 79.99$ per month? If so, how did we get rated as the Best Free Forex Signal App? You would have got a lot of questions like this on your mind now. Well, here are your answers for all your doubts…
Is it Just a CRAP or a SCAM or a Holy Grail?
Here is the point that I am trying to make, which is something that you need to understand. Once you become a premium member, it doesn’t mean that you are going to see nothing but profits. It doesn’t mean that you will start accumulating money day after day. There will be bad days for sure. Damn, there will be bad weeks too.
Well, this market is uncontrollable and NO one can ever predict it 100% perfectly all the time. There is every reason for things to go wrong; There is every reason for trades to go bad, but that doesn’t stop you from making money.
Why do Most of The Traders Fail?
If you’re using proper money management and keen on the leverage, then even 10 bad trades on a row will not get you a Margin Call. Else, it’s definitely gonna burn out your whole capital. If you really want to make a decent profit in the Forex Market and trade more safely, you first need to understand the importance of money management. It plays an essential role in Forex trading. In fact, poor money management is the reason why more than 95% of traders lose money in Forex trading.
Lot Sizing: Why does it matter?
We get to communicate with a lot of our users every day on our live chat support and some of them come to us saying “I lost about $200 in trading, all because of your signals”. But we also know for a fact that most of our well informed traders consistently make a decent profit. To find out what went wrong, we first ask them about their capital and the lot sizing they choose. The answers they give us show a very obvious mistake that they make. Poor money management!
For example, last week one of our users said that his capital was $1000 USD and his lot sizing was usually 0.5 or more. (1 pip of EUR/USD with a lot sizing of 0.5 is around $5 USD). Choosing such a high lot sizing for such a small amount of capital is a huge mistake and it will swallow up your capital quickly during the bad days.Using high leverage actually means that you’re gonna lose money fast. You need to always keep this in mind. Learn More
The Importance of Money Management
Money Management is the most important thing in trading. If you are not really able to understand about the seriousness of it, over a longterm you cannot win. When you are damn confident about making money in the Forex market with any tool or signals, then you can increase the capital and the volume of your lot sizing which will eventually allow you to make more money.
The Need for Patience & Discipline in Trading
Earning in Forex always needs a lot of patience. You need to understand some of the very basic things which are absolutely necessary for the trading process. A loss is just a part of the trading process and it is not something that you can avoid. You may face 10 consecutive losses in a row, but that cannot prevent you from making money. It will keep happening to any expert or so called fund managers, even those who are in the WALL STREET. Learn More
Our Commitment in Offering Precise Signals
We have a good team of traders working round the clock to provide the signals in various counters. Also, we’re using the hands of Machine learning to find some patterns and to recognize some trades, where we are partially using it right now. We will be using more & more of them in the future, which are our own proprietary systems to generate signals. We always keep working with trade experts to deliver the best signals to our users.
Check out our Free Signals
We always recommend our users to check with our free signals first. As, that will allow you to get an idea on how our signals work, before you go to our premium services. Also, it is always a best practice for even expert traders to test their new tools and strategies on a demo account. When you test them enough on your demo account, it really helps you to gain the necessary confidence and knowledge to use them on a live account. As we always say, patience is more important in trading process. There are a whole lot of other signal vendors in the market where you can do the same thing. Check it out!
What we say about our Signal App Review
A lot of people ask us on live chat why Wetalktrade has some negative signal app review for Android & iPhone App. And our simple answer is “There are 10 times positive review for our app compared to the negative ones”. We always explain to them that losing is a part of the trading process. Most of our bad reviews come from amateur traders. We hope the best for them in their trading career. We’re sure that they will come back to us in the future, maybe after they get a better understanding of how Forex trading works.