By now, you would have already stumbled across a lot of signaling app reviews. The Wetalktrade signal app also has a lot of positive and negative reviews. If somewhere a negative review would attract your attention, then you may even consider whether it is worth contacting us. But what you need to clearly understand is that our Premium signal service is not MAGIC BLACK BOX which gives you ideal trade entry and exit points. No one can ever promise something like that!
If we really have such MAGIC Method why should we sell it? Does this mean we only sell SHIT for $79.99 per month? If yes, how did we get the rating The best free forex signal app? You would now have many such questions on your mind. Well, here are the answers to all your doubts…
Is it just SHIT, FRAUD or Holy Grail?
This is what I am trying to do and this is what you need to understand. Once you become a premium member, it doesn’t mean you won’t see anything but profit. This does not mean that you will start saving money day after day. There will definitely be bad days. Damn, there will be bad weeks.
Well, this market is out of control and NO ONE can ever predict it 100% always. There are all sorts of reasons why something could go wrong; There are all sorts of reasons why trades don’t go well, but that doesn’t stop you from making money.
Why do most traders fail?
If you use proper money management and are interested in leverage, then even 10 losing trades in a row will not earn you a margin call. Otherwise, it will definitely burn all your capital. If you really want to make decent profits in the Forex market and trade more safely, you first need to understand the importance of money management. It plays an important role in Forex trading. In fact, poor money management is the reason why over 95% of traders lose money in Forex trading.
Lot size: why is it important?
Every day we communicate with many of our users through our live chat support, and some of them come to us and say: “I lost about $200 in trading because of your signals.” But we also know for sure that most of our well-informed traders consistently make decent profits. To find out what went wrong, we first ask them about their equity and the lot size they choose. The answers they give us show a very obvious mistake they are making. Bad money management!
For example, last week one of our users said that his capital is $1,000 and his lot size is usually 0.5 or more. (1 EUR/USD pip with a lot size of 0.5 is about $5). Choosing such a large lot size for such a small amount of capital is a huge mistake and will quickly eat into your capital on bad days. Using high leverage actually means that you will lose money quickly. You must always remember this. learn more
The Importance of Money Management
Money management is the most important thing in trading. If you don’t really understand the gravity of this, you won’t be able to win in the long run. When you are damn sure that you can make money in the Forex market with any instrument or signals, you can increase the capital and size of your lot, which will ultimately allow you to make more money.
The Need for Patience and Discipline in Trading
Making money in Forex always requires a lot of patience. You need to understand some of the most basic things that are absolutely essential to the trading process. Loss is just part of the trading process and cannot be avoided. You may run into 10 consecutive losses in a row, but that won’t stop you from making money. This will happen to any expert or so-called fund manager, even those who are in WALL STREET. learn more
Our Commitment to Offer Accurate Signals
We have a good team of traders working 24 hours a day to give signals on various counters. Also, we are using machine learning to find some patterns and recognize some trades where we are partially using it right now. In the future, we will use them more and more, these are our own proprietary systems for signal generation. We always work with trading experts to provide our users with the best signals.
Check out our free signals
We always recommend our users to check our free signals first. Because it will allow you to get an idea of how our signals work before you move on to our premium services. In addition, even experienced traders are always encouraged to test their new tools and strategies on a demo account. When you test them enough on your demo account, it will really help you gain the necessary confidence and knowledge to use them on a live account. As we always say, patience is more important in the process of trading. There are many other signal providers on the market where you can do the same. Check it!
What We Say About Our Signal App Review
Many people ask us on chat why Wetalktrade has a negative app review for android & App for iPhone. And our simple answer is: “Our app has 10 times more positive reviews than negative ones.” We always explain to them that losing is part of the trading process. Most of our bad reviews come from amateur traders. We hope for the best for them in their trading career. We are confident that they will return to us in the future, perhaps after they have a better understanding of how Forex trading works.