Other traders or their trading robots (advisors) act as trading signal providers.
Experienced traders have unique knowledge and experience and offer other, less experienced colleagues to use the results of their work. The large volume of trades on the forex market allows some traders to share information about their trades with other traders, whose experience is not enough for successful trading in the foreign exchange markets, without prejudice to themselves.
The vast majority of trading signals are generated by trading robots (advisors) that use complex proprietary algorithms to trade in financial markets. The task of an experienced trader is to constantly improve these algorithms, and the result of this work he sells to subscribers of trading signals.
Signal providers can provide signals on a paid or free basis. Users of trading signals are only required to make sure that the signals they receive actually bring profit, because knowledge and experience are no guarantee against potential losses.
Other traders or their trading robots (advisors) act as trading signal providers.
Experienced traders have unique knowledge and experience and offer other, less experienced colleagues to use the results of their work. The large volume of trades on the forex market allows some traders to share information about their trades with other traders, whose experience is not enough for successful trading in the foreign exchange markets, without prejudice to themselves.
The vast majority of trading signals are generated by trading robots (advisors) that use complex proprietary algorithms to trade in financial markets. The task of an experienced trader is to constantly improve these algorithms, and the result of this work he sells to subscribers of trading signals.
Signal providers can provide signals on a paid or free basis. Users of trading signals are only required to make sure that the signals they receive actually bring profit, because knowledge and experience are no guarantee against potential losses.