What’s the best place to get Forex signals?

Forex Signals

There is no such thing as “best”. If you are looking for the “best”, you don’t understand what you’re doing.

What is the best car? What is the best pair of pants?

There is something you absolutely must understanding before you consider doing any kind of trading, and that is the risk/reward trade-off.

There is no way to increase reward without increasing risk. Why is this so? Because if there was, everyone would do it and, very quickly, everyone would be rich.

For example, say there was some low risk way to make 10% a month. If you invest just $100 and wait ten years, you’d have about $9 million. Who wouldn’t do that? But where would all this wealth come from? It simply does not exist. Since the wealth it would generate does not exist, that means the method of making money also cannot exist.

So when you ask for the “best place”, you are not asking for the particular risk/reward trade-off that matches your personal requirements. You are asking for some exception to this trade-off. Such an exception DOES NOT EXIST.

If you keep looking for something that does not exist, you will never make any progress. So, stop. If you’re interested in forex, learn how to assess the risks associated with various strategies, decide what risk/reward trade-off matches your personal requirements, and then look for a strategy that matches those requirements.

Published by Live Forex Signals

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