{"id":293635,"date":"2025-06-14T22:27:42","date_gmt":"2025-06-14T22:27:42","guid":{"rendered":"https:\/\/peraltafinancing.com\/uncategorized\/should-i-buy-forex-signals-podcast-episode-74\/"},"modified":"2025-06-14T22:27:42","modified_gmt":"2025-06-14T22:27:42","slug":"should-i-buy-forex-signals-podcast-episode-74","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=293635","title":{"rendered":"Should I Buy Forex Signals? (Podcast Episode 74)"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>So you\u2019re thinking of whether or not you want to buy Forex signals from somebody else, huh?<\/p>\n<p>\u00a0<\/p>\n<p>We\u2019ve all thought about it.\u00a0 Many of us have done it.<\/p>\n<p>\u00a0<\/p>\n<p>Why put in the work, when we can just copy off of somebody else?<\/p>\n<p>\u00a0<\/p>\n<p>Or better so, maybe we can find somebody who can add onto our current results.\u00a0 This would make a lot more sense.<\/p>\n<p>\u00a0<\/p>\n<p>Most people mess this process up \u2014 badly.\u00a0 The chances of it all working are low, but you increase your chances of finding a successful Forex signal provider a whole lot by reading this blog post first.<\/p>\n<p>\u00a0<\/p>\n<p>So let\u2019s get into it.<\/p>\n<p>\u00a0<\/p>\n<p>I did a podcast episode on this.\u00a0 You can listen to it here, or simply continue on.<\/p>\n<p>\u00a0<\/p>\n<p><iframe loading=\"lazy\" title=\"Buying Forex Signals (Podcast Episode 74)\" width=\"840\" height=\"473\" src=\"https:\/\/www.youtube.com\/embed\/2XAIHVbwX30?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>\u00a0<\/p>\n<p>In this blog post, we are going to cover<\/p>\n<ul>\n<li>Major red flags to watch out for<\/li>\n<li>The type of people who should be paying for one<\/li>\n<li>The exact approach you should take if you are going to go this route<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<p>Let\u2019s do this!<\/p>\n<p>\u00a0<\/p>\n<h2>Dark Waters<\/h2>\n<p>\u00a0<\/p>\n<p>I think it should go without saying, but when you dive into the world of Forex signal providers, your chances of finding an honest one are extremely low.<\/p>\n<p>\u00a0<\/p>\n<p>Your chances of finding an honest and successful one are 10X lower than that.<\/p>\n<p>\u00a0<\/p>\n<p>If you know this going in, and you can approach this entire search with a heavy dose of skepticism, you are already ahead of most people.<\/p>\n<p>\u00a0<\/p>\n<p>Most people are pie-eyed optimists who just want to find their savior and are willing to look past any obvious red flags.<\/p>\n<p>\u00a0<\/p>\n<div id=\"attachment_795\" style=\"width: 215px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/nononsenseforex.com\/wp-content\/uploads\/2018\/11\/skeptical-small.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-795\" class=\"size-full wp-image-795\" src=\"https:\/\/nononsenseforex.com\/wp-content\/uploads\/2018\/11\/skeptical-small.jpg\" alt=\"\" width=\"205\" height=\"137\"\/><\/a><\/p>\n<p id=\"caption-attachment-795\" class=\"wp-caption-text\">You should look like Skeptical Beth does all the time when searching for signals.<\/p>\n<\/div>\n<p>\u00a0<\/p>\n<p>So this is one of those rare occurrences where a heavy dose of pessimism is a good thing.<\/p>\n<p>\u00a0<\/p>\n<p>But if you have conditioned your mind to think this way, you can now proceed and do your due diligence.<\/p>\n<p>\u00a0<\/p>\n<p>And while you are doing this, allow me to alert you to the major red flags you need to be looking for.\u00a0 Some of these may seem obvious, others maybe not as much.<\/p>\n<p>\u00a0<\/p>\n<h2>Red Flag #1: They\u2019re Only On WhatsApp, Telegram or IG<\/h2>\n<p>\u00a0<\/p>\n<p>You can pretty much just end your search here if your signal provider doesn\u2019t have any other outlets on social media.<\/p>\n<p>\u00a0<\/p>\n<p>This may not be fair to the one poor guy out there on Telegram who\u2019s doing it honestly, but if you think about the reasons why these people aren\u2019t on any other media platforms, it makes a lot more sense.<\/p>\n<p>\u00a0<\/p>\n<p>First of all, there is zero reason not to leverage platforms like Facebook, Google, YouTube, and Twitter.\u00a0 Absolutely zero.<\/p>\n<p>\u00a0<\/p>\n<p>If you have 20 people buying your signals, you could easily get to 200 over time by putting yourself out there on the largest media platforms in recorded history.<\/p>\n<p>\u00a0<\/p>\n<p>So why aren\u2019t these WhatsApp, Telegram and IG signal providers doing it?\u00a0 Can anyone guess?<\/p>\n<p>\u00a0<\/p>\n<p>It\u2019s a no-brainer if you think about it.<\/p>\n<p>\u00a0<\/p>\n<p><em>A: They\u2019ll get called out constantly on those platforms, and become exposed.<\/em><\/p>\n<p>\u00a0<\/p>\n<p>Hell, I don\u2019t sell anything, and I get accused of leading everyone to an inevitable pay wall all the time.<\/p>\n<p>\u00a0<\/p>\n<p>Imagine what <em>actual<\/em> hucksters would have to deal with.<\/p>\n<p>\u00a0<\/p>\n<p>IG and Telegram don\u2019t give you the ability to be 100% in the shadows, but it does give you enough of a cloak to freely get one over on as many people as you can without taking too much of a reputation hit.<\/p>\n<p>\u00a0<\/p>\n<p>It\u2019s a lot tougher to hide when you\u2019re out there on YouTube and even more so Twitter.<\/p>\n<p>\u00a0<\/p>\n<div id=\"attachment_490\" style=\"width: 358px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/nononsenseforex.com\/wp-content\/uploads\/2018\/07\/douche-small.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-490\" class=\"size-full wp-image-490\" src=\"https:\/\/nononsenseforex.com\/wp-content\/uploads\/2018\/07\/douche-small.jpg\" alt=\"forex scammer\" width=\"348\" height=\"196\" srcset=\"https:\/\/nononsenseforex.com\/wp-content\/uploads\/2018\/07\/douche-small.jpg 348w, https:\/\/nononsenseforex.com\/wp-content\/uploads\/2018\/07\/douche-small-300x169.jpg 300w\" sizes=\"auto, (max-width: 348px) 100vw, 348px\"\/><\/a><\/p>\n<p id=\"caption-attachment-490\" class=\"wp-caption-text\">\u201cI don\u2019t fux with no Twitter, bro.\u00a0 Learned my lesson.\u201d<\/p>\n<\/div>\n<p>\u00a0<\/p>\n<p>At the very least, they should have a fully functional and modern website.\u00a0 But there will be some things to look for on these websites which we will tackle in a bit, stay tuned.<\/p>\n<p>\u00a0<\/p>\n<p>I know younger people will gravitate to younger platforms, this is understandable.\u00a0 But you\u2019re not doing your credibility any favors here.<\/p>\n<p>\u00a0<\/p>\n<p>Speaking of youth\u2026<\/p>\n<p>\u00a0<\/p>\n<h2>Red Flag #2: They\u2019re Young<\/h2>\n<p>\u00a0<\/p>\n<p>Is this ageism?\u00a0 It\u2019s not, but the easily offended will turn anything into a \u201csomething-ism\u201d, so you just have to surge ahead and let them piss and cry about it.<\/p>\n<p>\u00a0<\/p>\n<p>Like when your 5-year-old has a tantrum, the best move always is to walk away and let them learn how the world doesn\u2019t revolve around them, and how this behavior won\u2019t get you what you want in life.<\/p>\n<p>\u00a0<\/p>\n<p>Anyway, young people on the whole aren\u2019t that great at Forex.\u00a0 And if they\u2019re good, they will be better later in life when they\u2019ve amassed a good amount of experience.<\/p>\n<p>\u00a0<\/p>\n<p>The ability to do this consistently and consistently well, while weathering the storms and all the ebbs and flows you\u2019re bound to encounter over time is something a trader with only a year or so\u2019s worth of experience simply cannot handle.<\/p>\n<p>\u00a0<\/p>\n<p>And this is magnified 20X when you have others relying on the information you send them.<\/p>\n<p>\u00a0<\/p>\n<p>What a lot of young people ARE really good at is programming automated systems which can take this emotion away and focus on the raw results, and this is a very good thing.<\/p>\n<p>\u00a0<\/p>\n<p>\u2026..but these programs will also get better with time as well.<\/p>\n<p>\u00a0<\/p>\n<div id=\"attachment_1493\" style=\"width: 198px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/nononsenseforex.com\/wp-content\/uploads\/2019\/12\/iphone2.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1493\" class=\"size-full wp-image-1493\" src=\"https:\/\/nononsenseforex.com\/wp-content\/uploads\/2019\/12\/iphone2.jpg\" alt=\"\" width=\"188\" height=\"269\"\/><\/a><\/p>\n<p id=\"caption-attachment-1493\" class=\"wp-caption-text\">You\u2019d rather have the iPhone 3 instead of this?\u00a0 Stop your lying.<\/p>\n<\/div>\n<p>\u00a0<\/p>\n<p>Why would I buy the iPhone 3 now, when I can just buy the better version?<\/p>\n<p>\u00a0<\/p>\n<p>If you want the worst possible product this person is capable of in the next 5 years, by all means, become allured with the travel and the cars this guy flashes on IG, and see what he has to offer.<\/p>\n<p>\u00a0<\/p>\n<p>But just know what you\u2019re getting \u2014 and what you\u2019re not (yet) getting.<\/p>\n<p>\u00a0<\/p>\n<p>Your money can probably be spent better somewhere else, can we all agree?<\/p>\n<p>\u00a0<\/p>\n<h2>Red Flag #3: Lifestyle Flashing<\/h2>\n<p>\u00a0<\/p>\n<p>I don\u2019t think we need to spend too much time on this.<\/p>\n<p>\u00a0<\/p>\n<p>Showing people a flashy lifestyle is pandering to the least intelligent among us.<\/p>\n<p>\u00a0<\/p>\n<p>And this is a tactic over a century old.\u00a0 It\u2019s happening right now on TV commercials all over the world.<\/p>\n<p>\u00a0<\/p>\n<p>And they do it because it works, because most humans are dumb as shit, and the marketers who create these commercials are smarter than they are, and in turn can easily profit off of them.<\/p>\n<p>\u00a0<\/p>\n<p>Basic food-chain stuff, people.\u00a0 Decide where you sit on the chain.<\/p>\n<p>\u00a0<\/p>\n<p>By posting high-end lifestyle photos and videos on their social media, they are all saying, in no uncertain terms, \u201cYou are an idiot, and I am here to take your money\u201d.<\/p>\n<p>\u00a0<\/p>\n<p>All that\u2019s left for you to decide at this point is \u2014 are you or aren\u2019t you?<\/p>\n<p>\u00a0<\/p>\n<h2>Red Flag #4: They Don\u2019t Show Their Results At All<\/h2>\n<p>\u00a0<\/p>\n<p>You kinda want to know if the product works, right?<\/p>\n<p>\u00a0<\/p>\n<p>You can try review sites, but you may not like what you see, and chances are if you <em>do<\/em> like what you see, it\u2019s probably something like 4 total reviews, all created by the signal provider and his buddies.<\/p>\n<p>\u00a0<\/p>\n<p>When you first hear me say they should show their results, may of you would probably laugh because it\u2019s so obvious, but you would be surprised.<\/p>\n<p>\u00a0<\/p>\n<p>How surprised?<\/p>\n<p>\u00a0<\/p>\n<p><strong>Almost half of the sites I looked up showed no results whatsoever.<\/strong><\/p>\n<p>\u00a0<\/p>\n<p>And most of these sites looked like they\u2019ve been in business for awhile.<\/p>\n<p>\u00a0<\/p>\n<p>Crazy, right?\u00a0 No, actually very common.\u00a0 And even prospering!<\/p>\n<p>\u00a0<\/p>\n<p>So these are some of the ways no-results sites will try and hook you<\/p>\n<p>\u00a0<\/p>\n<h3>1 \u2013 Pretty Website<\/h3>\n<p>\u00a0<\/p>\n<p>A well-made, very professional-looking website can go a long way, especially in the financial world, especially when most of your clients have never been in the financial world.<\/p>\n<p>\u00a0<\/p>\n<p>Now remember, most of these clients aren\u2019t that bright, so you can bet when they see a well-curated and beautifully clean website, they will often buy just on this alone.<\/p>\n<p>\u00a0<\/p>\n<div id=\"attachment_1499\" style=\"width: 197px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/nononsenseforex.com\/wp-content\/uploads\/2019\/12\/cs.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1499\" class=\"size-full wp-image-1499\" src=\"https:\/\/nononsenseforex.com\/wp-content\/uploads\/2019\/12\/cs.jpg\" alt=\"\" width=\"187\" height=\"270\"\/><\/a><\/p>\n<p id=\"caption-attachment-1499\" class=\"wp-caption-text\">Most people don\u2019t realize this is a stock photo and not the person they will be actually speaking to.\u00a0 I\u2019m serious.<\/p>\n<\/div>\n<p>\u00a0<\/p>\n<p>Live 24 hour support?\u00a0 These guys are legit!!<\/p>\n<p>\u00a0<\/p>\n<p>(LiveChat is a simple WordPress Plug-in, and you can attach a bot or a $5\/hr CS rep from overseas to it)<\/p>\n<p>\u00a0<\/p>\n<p>What these potential clients never seem to consider is how the whole site design was probably outsourced, or that\u2026\u2026.I dunno\u2026\u2026\u2026.maybe <strong>website design and winning signals have nothing to do with each other.<\/strong><\/p>\n<p>\u00a0<\/p>\n<p>Rule #1 of marketing: <em>Never market to the intelligent.\u00a0 There\u2019s just not enough of them out there.<\/em><\/p>\n<p>\u00a0<\/p>\n<h3>2 \u2013 Corporate Experience<\/h3>\n<p>\u00a0<\/p>\n<p>Experience?\u00a0 Good!<\/p>\n<p>\u00a0<\/p>\n<p>Most of that experience in the corporate world?<\/p>\n<p>\u00a0<\/p>\n<p>Typically bad, believe it or not.<\/p>\n<p>\u00a0<\/p>\n<p>Always remember, this does not necessarily (or usually) mean <strong>success<\/strong> in the corporate world.\u00a0 Many of these people are now jobless, hence the signals site.<\/p>\n<p>\u00a0<\/p>\n<p>And I hate to be the one who tells you there is no Santa Claus, but most of your better-known financial companies out there don\u2019t crank out big returns to begin with.<\/p>\n<p>\u00a0<\/p>\n<p>The book <a href=\"https:\/\/www.amazon.com\/Where-Are-Customers-Yachts-Street\/dp\/0471770892\">\u201cWhere Are The Customers Yachts\u201d<\/a> shined a great light on this whole industry and how these people make money <em>off of you<\/em> moreso than <em>for you<\/em> more often than not.\u00a0 A great read if you get time.<\/p>\n<p>\u00a0<\/p>\n<div id=\"attachment_1495\" style=\"width: 285px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/nononsenseforex.com\/wp-content\/uploads\/2019\/12\/financialadvisors.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1495\" class=\"size-full wp-image-1495\" src=\"https:\/\/nononsenseforex.com\/wp-content\/uploads\/2019\/12\/financialadvisors.jpg\" alt=\"financial advisors toasting\" width=\"275\" height=\"183\"\/><\/a><\/p>\n<p id=\"caption-attachment-1495\" class=\"wp-caption-text\">\u201cCheers to our 7% ROI\u201d<\/p>\n<\/div>\n<p>\u00a0<\/p>\n<p>So in other words, don\u2019t become dazzled by a signal provider\u2019s corporate resume.\u00a0 All it really says is they already know how to make money off of you.<\/p>\n<p>\u00a0<\/p>\n<h3>3 \u2013 Technical Jargon<\/h3>\n<p>\u00a0<\/p>\n<p>Another advertising tactic over a century old, a great way to get people to buy from you is to use words they don\u2019t understand in hopes they\u2019ll just assume you\u2019re better at all this than they are.<\/p>\n<p>\u00a0<\/p>\n<p>And it works.<\/p>\n<p>\u00a0<\/p>\n<p>In the world of Forex signals, the most common approach here is to get really computer-y with everything and let the potential mark know you have things like\u2026<\/p>\n<p>\u00a0<\/p>\n<ul>\n<li>An AI program or some made-up crap like that<\/li>\n<li>Multiple algorithms (So what?\u00a0 We have those here at NNFX.)<\/li>\n<li>Decades of past data (Okay\u2026\u2026and??)<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<p>All of this \u201cwizard-behind-the-curtain\u201d nonsense means absolutely nothing, and it\u2019s one of my least favorite things to see in any marketing model.\u00a0 Wreaks of shadiness.<\/p>\n<p>\u00a0<\/p>\n<p><em>\u201cOoohhhh, I got some CRAZY shit going on back here, you just don\u2019t know!\u201d<\/em><\/p>\n<p>\u00a0<\/p>\n<p>Okay, what is it?<\/p>\n<p>\u00a0<\/p>\n<p><em>\u201cMan, I can even BEGIN to show it to you, your mind just can\u2019t comprehend how CRAZY powerful and detailed this stuff is man\u201d<\/em><\/p>\n<p>\u00a0<\/p>\n<p>Yeah, never mind then.<\/p>\n<p>\u00a0<\/p>\n<h3>4 \u2013 Claims Results But Doesn\u2019t Prove Them<\/h3>\n<p>\u00a0<\/p>\n<p>This is pretty egregious, and should have probably gotten its own category, but <em>stating<\/em> results isn\u2019t the same as <em>showing<\/em> results.<\/p>\n<p>\u00a0<\/p>\n<p>Yet people are so dim-witted, what all many of these scammers have to do is make up some random result and post it to their page\/site, and these same dimwits will immediately start throwing money at them.<\/p>\n<p>\u00a0<\/p>\n<p>Like a \u201c40% ROI\u201d posted in the top corner of the site, but no proof anywhere to back it up.<\/p>\n<p>\u00a0<\/p>\n<p>It baffles me how easy this is.<\/p>\n<p>\u00a0<\/p>\n<p>Like, actual snake-oil salesman are calling these people lazy.<\/p>\n<p>\u00a0<\/p>\n<p>Yet here we are.\u00a0 And here <em>they<\/em> are, still at it after all these years.<\/p>\n<p>\u00a0<\/p>\n<h2>Who Likes Fudge!<\/h2>\n<p>\u00a0<\/p>\n<p>By attempting to prove your results, you can draw from both wells: The smarter shoppers who want to see actual results, and the unabated morons who fall for all of the stuff I listed above.<\/p>\n<p>\u00a0<\/p>\n<p><em>If you were one of those people, don\u2019t get upset, you\u2019re not one of those people anymore, and the present and future are all that matter now.\u00a0 I too have purchased signals for dumb reasons, and this is why I can speak with authority on the subject.<\/em><\/p>\n<p>\u00a0<\/p>\n<p>But many people attempt to do their proper due diligence, yet still end up getting duped because there are so many ways to alter your results to look different than they actually are.<\/p>\n<p>\u00a0<\/p>\n<p>I\u2019m about to save you a lot of future lost money here.<\/p>\n<p>\u00a0<\/p>\n<p>These are some of the more common ways I have seen shady Forex signal services fudge their numbers.<\/p>\n<p>\u00a0<\/p>\n<p>I think you\u2019ll have a good laugh at some of these, unless you\u2019ve fallen for these tactics yourself, then your emotions may differ.<\/p>\n<p>\u00a0<\/p>\n<h3>1 \u2013 Tables-Fudging<\/h3>\n<p>\u00a0<\/p>\n<p>You\u2019ll probably chuckle at this, but I\u2019ve seen it more than once.<\/p>\n<p>\u00a0<\/p>\n<p>Not too different from what we just went over, but I\u2019ve seen people create results tables on their pages where they simply manually enter fake trades and results.<\/p>\n<p>\u00a0<\/p>\n<p>It\u2019s hilarious because it\u2019s totally made up, but since it\u2019s in table form it looks legit, nobody questions it.<\/p>\n<p>\u00a0<\/p>\n<h3>2 \u2013 Half-Truths<\/h3>\n<p>\u00a0<\/p>\n<p>In Forex alone, I have had months where I have made over 2000 pips.<\/p>\n<p>\u00a0<\/p>\n<p>Does that seem like a lot?\u00a0 It should.\u00a0 Anyone with any trading experience realizes just how hard-to-believe this is.<\/p>\n<p>\u00a0<\/p>\n<p>But I\u2019m not lying.\u00a0 At all.<\/p>\n<p>\u00a0<\/p>\n<p>What I am doing however is withholding a key piece of data from you.<\/p>\n<p>\u00a0<\/p>\n<p>\u2026..the amount of pips I <strong>lost<\/strong> in those same months.<\/p>\n<p>\u00a0<\/p>\n<p>I\u2019ve never <strong>netted<\/strong> 2000 pips in a month, that would be pretty insane.<\/p>\n<p>\u00a0<\/p>\n<p>But this is what scammy results-fudgers do all the time.<\/p>\n<p>\u00a0<\/p>\n<p>This way, you can\u2019t report them or even have a legitimate complaint about their records.<\/p>\n<p>\u00a0<\/p>\n<p>\u2026.because they weren\u2019t actually lying.<\/p>\n<p>\u00a0<\/p>\n<p>It\u2019s like when your sibling would say back you were growing up, \u201cMom never said I <em>can\u2019t<\/em> steal your shoes and throw them out the window\u201d<\/p>\n<p>\u00a0<\/p>\n<p>And you just want to pummel them in the face even more for it.<\/p>\n<p>\u00a0<\/p>\n<p>No different here.\u00a0 Child-ish, scammy, and downright unethical in every way.<\/p>\n<p>\u00a0<\/p>\n<p>Another example of this is how you will sometimes see services who claim to win 90+% of their trades.\u00a0 This is a clear signal that something else is really going on here.<\/p>\n<p>\u00a0<\/p>\n<p>Chances are if you ask to see their results, they\u2019re going to show you their account summary with the losing trades cut out of it.<\/p>\n<p>\u00a0<\/p>\n<p>If you\u2019re ever interested in their services, ask them to provide you their <strong>net<\/strong> gains.\u00a0 Accept nothing less.<\/p>\n<p>\u00a0<\/p>\n<p>And speaking of a 90% hit rate\u2026<\/p>\n<p>\u00a0<\/p>\n<h3>3 \u2013 Too Good To Be True<\/h3>\n<p>\u00a0<\/p>\n<p>So if somebody actually does say something like \u201c+1500 pips in the month of September\u201d<\/p>\n<p>\u00a0<\/p>\n<div id=\"attachment_1496\" style=\"width: 310px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/nononsenseforex.com\/wp-content\/uploads\/2019\/12\/skeptical.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1496\" class=\"wp-image-1496 size-medium\" src=\"https:\/\/nononsenseforex.com\/wp-content\/uploads\/2019\/12\/skeptical-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/nononsenseforex.com\/wp-content\/uploads\/2019\/12\/skeptical-300x200.jpg 300w, https:\/\/nononsenseforex.com\/wp-content\/uploads\/2019\/12\/skeptical-768x512.jpg 768w, https:\/\/nononsenseforex.com\/wp-content\/uploads\/2019\/12\/skeptical.jpg 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\"\/><\/a><\/p>\n<p id=\"caption-attachment-1496\" class=\"wp-caption-text\">Skeptical Beth is skeptical.<\/p>\n<\/div>\n<p>\u00a0<\/p>\n<p>You have every reason to be skeptical.<\/p>\n<p>\u00a0<\/p>\n<p>Look, it\u2019s not out of the realm of absolute possibility to do this, but you need to ask yourself a few questions here.<\/p>\n<p>\u00a0<\/p>\n<p>1 \u2013 Is it <strong>net<\/strong> pips, like discussed earlier?<\/p>\n<p>2 \u2013 How often does he claim to pull this off?<\/p>\n<p>3 \u2013 Were these results all in spot Forex?<\/p>\n<p>\u00a0<\/p>\n<p>If it is in fact net pips, red flags should still be popping up everywhere.<\/p>\n<p>\u00a0<\/p>\n<p>A 1500 pip net gain for a month can happen I suppose, but it would be an incredible anomaly.\u00a0 So if you see it, or anything near it to be <strong>claimed in subsequent months as well<\/strong>, run away.<\/p>\n<p>\u00a0<\/p>\n<p>He\u2019s lying.<\/p>\n<p>\u00a0<\/p>\n<p>Or, consider this.\u00a0 Are you SURE spot Forex is the only thing he trades?<\/p>\n<p>\u00a0<\/p>\n<p>The reason I say this is because as we\u2019ve all learned by now, the ATR on things like crazy exotics, metals, or indices are very high, often 10-100X higher than your everyday spot Forex pairs are.<\/p>\n<p>\u00a0<\/p>\n<p>If this is the case, +2000 net pips is quite easy to do, and not very impressive.<\/p>\n<p>\u00a0<\/p>\n<p>The problem with this, is how most people won\u2019t realize it, and end up getting dazzled by numbers that by more educated standards would be fairly mediocre.<\/p>\n<p>\u00a0<\/p>\n<p>Showing crazy results can be deceptive in many different ways.\u00a0 Always approach with extreme caution here.<\/p>\n<p>\u00a0<\/p>\n<p>And along those same lines\u2026<\/p>\n<p>\u00a0<\/p>\n<h3>4 \u2013 Top Loading<\/h3>\n<p>\u00a0<\/p>\n<p>This is a term I made up, but it goes like this.<\/p>\n<p>\u00a0<\/p>\n<p>Want to have crazy results to show people?\u00a0 Just do this.<\/p>\n<p>\u00a0<\/p>\n<p>1 \u2013 At the start of the new year, open two demo accounts.<\/p>\n<p>2 \u2013 Pick a volatile currency pair<\/p>\n<p>3 \u2013 On one of the accounts, go long.<\/p>\n<p>4 \u2013 On the other account, go short.<\/p>\n<p>5 \u2013 Walk away and come back in 6 months to a year<\/p>\n<p>\u00a0<\/p>\n<p>If there was any real trending going on, chances are one of those accounts is sky high, while the other one is a complete disaster.\u00a0 So alls you gotta do is\u2026.<\/p>\n<p>\u00a0<\/p>\n<p>6 \u2013 Close down the losing account.<\/p>\n<p>\u00a0<\/p>\n<p>Voila!\u00a0 You have some tremendous, albeit ridiculously shady results to show potential clients.<\/p>\n<p>\u00a0<\/p>\n<p>But don\u2019t worry, like we said before, many of them are incredibly stupid.\u00a0 You\u2019ll make money.<\/p>\n<p>\u00a0<\/p>\n<p>Top loading just really comes down to having multiple accounts, and only showing the ones which are actually performing.<\/p>\n<p>\u00a0<\/p>\n<p>A lot of these scam-dogs have 15 demos open right now, just waiting to peddle the results of their best performer once it\u2019s time.<\/p>\n<p>\u00a0<\/p>\n<p>The sports betting industry has this down to a science.<\/p>\n<p>\u00a0<\/p>\n<p>You\u2019ll often see them have dozens of different packages they can sell to people.\u00a0 Apart from the normal shady crap like dealing dual lines (like the example I gave in <a href=\"https:\/\/youtu.be\/arBtj85QYCU\">the Patience video<\/a>), they\u2019ll have all these different packages to sign up for like\u2026<\/p>\n<p>\u00a0<\/p>\n<p>Silver<\/p>\n<p>Gold<\/p>\n<p>Platinum<\/p>\n<p>Wise-Guy<\/p>\n<p>Insider<\/p>\n<p>Gold Plus<\/p>\n<p>Diamond<\/p>\n<p>Elite<\/p>\n<p>Syndicate<\/p>\n<p>Tits Magoo<\/p>\n<p>Preferred<\/p>\n<p>Executive<\/p>\n<p>\u00a0<\/p>\n<p>If they\u2019re betting American sports, it\u2019s normally a win-or-lose type proposition, so even with the vig, you can be assured a few of these packages are going to do well.\u00a0 Law of Averages.<\/p>\n<p>\u00a0<\/p>\n<p>So all they have to do is shine a big spotlight on the packages that are doing well, and just market those.<\/p>\n<p>\u00a0<\/p>\n<p>Again, they aint lying, so it\u2019s all okay.\u00a0 Legally at least.<\/p>\n<p>\u00a0<\/p>\n<p>The same can be done, and <em>is<\/em> done, in the Signals business.<\/p>\n<p>\u00a0<\/p>\n<p>Keep your eyes open.<\/p>\n<p>\u00a0<\/p>\n<h3>5 \u2013 Results Are Not Current<\/h3>\n<p>\u00a0<\/p>\n<p>Easy to miss this one if you\u2019re not paying attention.<\/p>\n<p>\u00a0<\/p>\n<p>I have seen this twice.\u00a0 You\u2019re looking over their results, they seemed to have documented them the right way, everything looking really good\u2026.<\/p>\n<p>\u00a0<\/p>\n<p>\u2026.up until 2017.\u00a0 Then it stopped.<\/p>\n<p>\u00a0<\/p>\n<p>Okay, so clearly the service is no longer running and they just haven\u2019t taken down the website, right?<\/p>\n<p>\u00a0<\/p>\n<p>Wrong!\u00a0 I was blown away.<\/p>\n<p>\u00a0<\/p>\n<p>One of them had a fully operational live chat, and I asked how much a signals package was worth, and they answered.<\/p>\n<p>\u00a0<\/p>\n<p>The other guy I had to email, but he assured everything was business as usual and tried to close me right there.<\/p>\n<p>\u00a0<\/p>\n<p>So again, they aint lying, but unless you want to travel back in time to get some of those results, steer clear when you see this.<\/p>\n<p>\u00a0<\/p>\n<h2>What Steps Should You Take?<\/h2>\n<p>\u00a0<\/p>\n<p>You are aware of the red flags, you know the chances of finding a good, consistent provider is extremely low, but you think it\u2019s still worth the time and risk.<\/p>\n<p>\u00a0<\/p>\n<p>How should you approach it?<\/p>\n<p>\u00a0<\/p>\n<p>Four steps.<\/p>\n<p>\u00a0<\/p>\n<h3>1 \u2013 Due Diligence<\/h3>\n<p>\u00a0<\/p>\n<p>Fairly obvious, we just went over the ways to spot a thief.\u00a0 When scoping out a potential provider, come back to this blog if you have to and make sure they don\u2019t check off any of those above boxes.<\/p>\n<p>\u00a0<\/p>\n<p>If you get scammed, it\u2019s your fault.\u00a0 But like all losses, there are ways to keep those losses to a dead minimum by minimizing your risk.<\/p>\n<p>\u00a0<\/p>\n<p>Best way to do that?<\/p>\n<p>\u00a0<\/p>\n<h3>2 \u2013 Demo First (For 2 Months)<\/h3>\n<p>\u00a0<\/p>\n<p>What??<\/p>\n<p>\u00a0<\/p>\n<p>You want me to pay a guy money for nothing?\u00a0 I can\u2019t even make money off of the signals I\u2019m buying?<\/p>\n<p>\u00a0<\/p>\n<p>Yes, this is exactly what I\u2019m saying.<\/p>\n<p>\u00a0<\/p>\n<p>Same thing I said in the <a href=\"https:\/\/nononsenseforex.com\/forex-q-and-a-podcast\/are-paid-forex-indicators-worth-it\/\">Paid Indicators<\/a> and <a href=\"https:\/\/nononsenseforex.com\/forex-q-and-a-podcast\/buy-forex-robots\/\">Robots<\/a> podcasts.\u00a0 <strong>You absolutely must know for sure if the claimed results match the actual results!!<\/strong><\/p>\n<p>\u00a0<\/p>\n<p>This is by far the smartest use of your money.<\/p>\n<p>\u00a0<\/p>\n<p>Provided you find a good one, you\u2019re in this for the long haul, correct?<\/p>\n<p>\u00a0<\/p>\n<p>Well then this is not only the smart move, it\u2019s really your only move at this point.<\/p>\n<p>\u00a0<\/p>\n<p>If it matches up, you have an absolute unicorn on your hands, assuming the results are great.\u00a0 You can now proceed with caution still, but less than before.\u00a0 But just make sure you are going to\u2026.<\/p>\n<p>\u00a0<\/p>\n<h3>3 \u2013 Use Money You Can Easily Afford To Blow<\/h3>\n<p>\u00a0<\/p>\n<p>It makes absolutely no sense to put a harmful dent into your account or lifestyle just to get signals that are certainly going to be inconsistent over time, and possibly not even legit.<\/p>\n<p>\u00a0<\/p>\n<p>You need to do the math here, and figure out if the juice is really worth the squeeze.<\/p>\n<p>\u00a0<\/p>\n<p>This is much easier to do, when you easily have the money for the fees and don\u2019t really care about it.<\/p>\n<p>\u00a0<\/p>\n<p><strong>But at the end of the day, those people are the only ones who should even remotely consider buying signals \u2014 the people who don\u2019t need the money.<\/strong><\/p>\n<p>\u00a0<\/p>\n<p>I mean it.\u00a0 If you\u2019re not at that level, save\u2026.your\u2026.money.\u00a0 You will pay for your lack of patience here, I promise.<\/p>\n<p>\u00a0<\/p>\n<p>But if you can, there\u2019s one more thing I want you to consider.<\/p>\n<p>\u00a0<\/p>\n<h3>4 \u2013 Make Sure You\u2019ll Be Around For The Signals<\/h3>\n<p>\u00a0<\/p>\n<p>Sounds obvious, right?\u00a0 But I think lots of people get caught up in the euphoria, and don\u2019t consider this part as much as they should.<\/p>\n<p>\u00a0<\/p>\n<p>Some give them out once a day at the same time each day, which is your ideal situation.\u00a0 But this is not the most common approach.<\/p>\n<p>\u00a0<\/p>\n<p>If signals are given out at sporadic times, you are now a slave to your new master, and mush be present and able to enter\/exit these trades every time, or your results won\u2019t match theirs.<\/p>\n<p>\u00a0<\/p>\n<p>Given how time is worth far more than money, make sure you\u2019ve given this a hard look.<\/p>\n<p>\u00a0<\/p>\n<p>Another huge reason to demo them first \u2014 you need to see if this is now the lifestyle you want, and if it\u2019s worth it.<\/p>\n<p>\u00a0<\/p>\n<p>Some services use a trade copier, which pretty much means the signals provider controls your entire account.\u00a0 I still don\u2019t know how this is legal, but it is.<\/p>\n<p>\u00a0<\/p>\n<p>I don\u2019t know about you, but there is not one single human being alive who I trust with my own trading capital.\u00a0 Be very very careful here.<\/p>\n<p>\u00a0<\/p>\n<h2>Conclusion<\/h2>\n<p>\u00a0<\/p>\n<p>This is a lot to read, but it\u2019s your hard-earned money.<\/p>\n<p>\u00a0<\/p>\n<p>The only thing worse than giving it to somebody who can\u2019t perform is giving it to somebody who was only there to steal it from you in the first place.<\/p>\n<p>\u00a0<\/p>\n<p>And then end up on a modern-day <a href=\"https:\/\/en.wikipedia.org\/wiki\/Sucker_list\">\u201cSucker List\u201d<\/a> for your troubles.<\/p>\n<p>\u00a0<\/p>\n<p>When it\u2019s all said and done, you\u2019ll be glad you read this long-ass blog post.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u2014 VP<\/p>\n<p>\u00a0<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>So you\u2019re thinking of whether or not you want to buy Forex signals from somebody else, huh? \u00a0 We\u2019ve all thought about it.\u00a0 Many of us have done it. \u00a0 Why put in the work, when we can just copy off of somebody else? \u00a0 Or better so, maybe we can find somebody who can [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":293636,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[125051],"tags":[3408,13211,11274,6252,23899],"dealstore":[],"offerexpiration":[],"class_list":["post-293635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex-qa-podcast","tag-buy","tag-episode","tag-forex","tag-podcast","tag-signals"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Should I Buy Forex Signals? 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