The advantages of Trading signals
Trading signals is a common service for managing your trading account. Using the trading signals, you can be assured that you will not have to sit in front of the monitor 24 / 7 and think about what operation to do at the moment. Trading signals have some obvious advantages over classical methods of account management. Here are a few of them.
Easy-to-use. Typically, the trading signals are sufficiently clear instructions to buy or sell currency or stock. You do not receive obscure forecasts in style of "you can do it, but it makes sense to do that." The essence of trading signals is to give you a clear recommendation to buy or to sell and nothing more.
It takes a little time. Usually, market trading takes a full working day. You have to look at the charts constantly, watch the prices and analyze it every new tick or something like that. This could go all day long. And if you have a lot of trading tools, you just can’t manage this alone. Bu using trading signals, you have to look only once a day for a simple recommendation that the experts have prepared for you and make a deal on it.
Low price. Usually when you give your account for managing, you have to pay up to 60% of estimated profit. Often, the salary may come up to 70% profit on all transactions made. However, if you use trading signals you do not need to look for the financial manager and pay him something. In fact, you buy a remote financial analyst who recommends you what to do for a small reward (in TakeTrend it’s only $ 99 per month). You just have to make the transaction yourself.
Personal risk management. Usually, when someone manages your account, you have to obey his rules. So if your trader has a habit of working at 30% of your deposit, you will have to put up with it, although it is certainly wrong. This is a huge risk and it is totally unjustified. Using the trading signals, you can choose your level of risk yourself. For example, you can use only 5% of the deposit in your trade for a single deal. In this case, you''ll enjoy all the advantages of professional financial consultants with low risk trading.