I Tried Forex Signal Services For A Week

I tried trading with signal services for a week. Enjoy le video - let me know if you've ever used signals and if you think they're a good or bad idea!
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I'm Hannah, from London UK and I started my trading journey back in January 2018 when I was in my second year of university. I started documenting for fun and to share true insights of someone learning to trade back in July 2018 - when this KZbin channel was created. From signals to hitting consistency and now trading a 6 figure funded account - I hope you find something valuable from my content :)
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[@HANNAHFOREX]

Hope you enjoyed this weeks video 😊 Let me know if you have ever used signal services and what you think! 👀 Hope you all smash this week. And I’ll see you guys in the next one xx

[@karugapaul7937]

I use tjfx signals and they are good. But the problem comes where they called for a buy but you see a sell then it ends up going your way but you end up losing.

[@VRGILLY]

@@prestonwalters1795 how can I get in touch with you from illinois

[@realjasonsaari]

I use major profits signals through telegram. Best signals I've ever had

[@elizamobley547]

@@realjasonsaari is that the guy that trades nas 100?

[@jacksonlim3879]

Better trust our analyze or mentorship

[@OnobiShinobi]

As a trading experiment, it would have been more reliable of a test if instead of picking random lot sizes, to use 1-2% risk per trade. Because if the account is blown solely due to poor risk management thats on you, and is less of a test of the effectiveness of the signals.

[@HANNAHFOREX]

For sure, that’s if those who go into signal services know what risk management even is tho (which was the point of the video) ☺️

[@blackeagle2022]

0.5 to 1% per trade is the best

[@janlala1710]

@@shajjack2373 ofcourse there is no fixed rule for the lot size. There is a fixed rule for risk per trade. Usualy measured in percentage.

[@shirokumo1951]

yeah bro you're right .also she should have used the Risk Reward Ratio properly..even the signal win rate is low as 30% in 10 trades you're still in profit

[@NightmareCourtPictures]

@@shajjack2373 ​I mean, you are not wrong...but I have a 100% win rate. It's not really a win rate though because it's based on straight up just statistical analysis and mathematics. You don't lose unless you want to lose. I'd show you proof but comment keeps getting removed when i try to put the link up, oh well. About Lot size, most people are way way over positioned. People are betting thousands per trade with only a couple thousand in their accounts. You can't survive market movements, therefor you put tight stop losses which most of the time gets triggered and on average, traders lose money by death of a thousand cuts. Even the rare winners they get, are usually losers because traders want to "win big" but the trade goes against them before being able to take their ideal profit that makes up for those small losses. Proper lot size for the majority of normal traders is the absolute minimum size you can put in.

[@mattheusegura]

I’ve been in this industry for 3 years and just now figuring out how to close partials on the mobile app 😭 thank you for the little nuggets Hannah, it’s very much appreciated seriously. 💪🏽

[@HANNAHFOREX]

Hahaha tbh I only learnt about taking partials when I started learning institutional trading :P

[@mattheusegura]

@@HANNAHFOREX Don’t think we didn’t notice you driving manual either 🔥 Embarrassing us automatic drivers like that jeez lmaooo

[@HANNAHFOREX]

Looool 😉

[@fxbrianh]

I thought everyone knew this from the start lol

[@Shanks3O3]

I also just knew about partial closing🤧🤧

[@rahul35283]

It's amazing to see your Journey. You came so far from 2018 to 2022 and love to see you continue to grow in future. ❤️❤️

[@thongalamithetrader8337]

Some signal services might be good, but I think it's always better to remember that for you to be an independent trader, you gotta know how to and why you enter any position in the market.

[@HANNAHFOREX]

Absolutely! It’s like when you have a mentor who gives their forecasts of the weekly markets, but you have to understand the how and the why. And implement your own skill and analysis. But unfortunately there’s a loot of people just blindly following signals without even know what lot sizes to use, independent analysis, or even basic risk management 🙈

[@jaredb1468]

You should do a follow up vid of this week with a signal group vs a week doing your own trading and show the results of relying on a service versus doing your own analysis and risk management.

[@PatronLeaks]

Nice content 👍

[@Harucchipuchi]

I think it could have performed better with consistent risk management of 1-2% instead of using random lot size. I actually found some signal provider to be quite decent if you apply good risk and trade management (when to set BE, trail stop etc). I'm using signal service to help me scan for more trade opportunity which I then double check on the chart before placing a trade. If I think the trade too risky, I will skip the signal or just use 0.25% to 0.5% risk. Though, I agree that it's better to learn how to trade instead of relying 100% on signal services.

[@fadilaaulia8bit]

do you have good signal sevice?

[@sylvanuskofi1952]

Link?

[@fadilaaulia8bit]

@@sylvanuskofi1952 i have

[@sylvanuskofi1952]

@@fadilaaulia8bit send please

[@destinylove1673]

I started trading with signals and it took me longer to unlearn and relearn the most important elements of trading like trading with no emotion and using proper risk management.

[@prince7509]

I am a beginner trader thanks for the educational on how to close partial I never knew something like that was possible

[@juanfaustinelli8529]

Honestly the best youtube channel I've seen forex wise... I am very enthusiatic about starting in forex and what I like of this channel is that you straight up let people know this isnt a joke or a magic formula for getting rich quick... Lots of hard work and dedication... Honestly inspiring

[@troytrey]

Good luck. It will take you time but you will get there

[@anthonychestnut4013]

I’ve been trading three years this year and just now learned how to close partials. I always thought you had to take larger lots in multiple trades at the same time and close one and let the other run. Sheesh. Thank you.

[@biasa4830]

you can do that too

[@anthonychestnut4013]

@@biasa4830 yeah but it messes with your risk percentage.

[@eddinos]

I got a idea, follow same signals group but do opposite (if buy signal then sell and sl is the tp)

[@yubrajbhoi1986]

Some of them are pretty good, but the problem is that you never know which setup they are using. So position sizing, SL trailing and early exits just does not work. When you have your own strategy you get all this info instantly.

[@Rhy_]

Great video, I'd suggest that you take the same risk for each trade based on the pip value for each pair and take all the trade signal, that'd give a true win rate.🙌🏽

[@moitshepimooketsi5653]

Music P

[@truetech4158]

Signals can be good if you are choosing specific traders and are able to do so with accurate history files to make sense of the traders chosen, and, making sure that you don't have any missed trades or ones that don't even close at the same time, and don't touch arbitrage styles unless you are paying for the fastest possible real time access.

[@ryanheinig7975]

You mentioned "following other traders". That's not a signal service, that's what you call copy trading, or social trading like eToro

[@truetech4158]

@@ryanheinig7975 etoro isn't what I would suggest, based on how it's ran and designed. But yes essentially it has a history of each trader. Canada delisted etoro from its approval during a year I tried it, I basically broke even due to various system anomalies a year into it. This is also a concern for following more than only a single trader, and that does not mean that they can't be in a common-law relationship or are married single traders.

[@HANNAHFOREX]

Yeah, I’d say that’s different to the point I was trying to share in the video :) What you’re saying sounds like when I got my first proper mentor and I would actually put in the work to learn from their weekly forecasts and trade recaps etc. But this video was for those who blindly follow signals as an easy way into the Forex market - unfortunately the majority of Forex newcomers 😅🙈

[@onlyjames628]

totally need a part 2

[@HANNAHFOREX]

Will definitely have to do a part 2! Showing all the things I would have done and what I know now kinda thing ;)

[@antoniowilliams3323]

deffo needed!!!

[@iwest12345]

I agree, you can't rely on signals but their are some good trading signal providers out there for example, forex precision, it's a app in the app store and the accuracy is really good. I'm not much of a signal user but I really like that app. 8/10

[@sbruggiu]

Hi! I started using forex precision since a couple of weeks and it seems fine, but i have a question for you: how do you set SL and TP? you use their tips? thanks!

[@iwest12345]

@@sbruggiu yeah they give you the SL & TP but I use my own strategy to figure out a TP &SL

[@sbruggiu]

@@iwest12345 yes, me too, i just needed another confirm 😁 thank you again

[@Cnicholasdownie]

To be honest the thing about signal service is that they are NOT for new traders.. and because of that they won't tell you what lot size to use because if your risking based on percentage of your Balance they can't tell everyone what lot size to use, you have to make those calculation yourself.. signals are only to give you a starting point as to when to enter the market. In order for signal services to work risk management has to be applied.. the signal service provider should make it clear at what type of trades they are providing(swing or intraday) but I think this video shows most new persons experience with signal services. New persons will see 4 loses in a row and think the service is bad which isn't the case. Which Hanna kind of explained in the end. Signal services are not for new traders. Love the video tho.

[@LiLPAnCOoKie]

Again Dosis of Hannah safe my day, I definitely need to learn closing partials better than going out zero. However you looking very happy 😃

[@JOE49918]

Well depends Im using a signal for a while and its really good

[@0mkarMirkar]

Loved this one because i stopped it an year back when I realised same. U hav to get in just when they post & they use 1min timeframe + if you are 3 minutes late you will end up red. Tested on metatrader4 but when u trade on your using your past back testing experience it give u blue & trust me I still haven't entered with real money wth mt4 because of my timezone the way trend change & it updates + m not yet confident with strategy & I m practicing scalping. Any comments frm u will be highly appreciated 🙂

[@dssmith5967]

The one we use works great for us. The bottom line is there are good, and bad signal services, just like in any business. We looked at a few, and decided on one that is currently working well. You for sure have to do some level of due diligence.

[@monwabisibudaza8719]

hey Smith i hope you well, can you kindly mention the one that works for you so i can also try it out...

[@ilyes396]

Can you tell us your signals provider I’m actually looking for a reliable one …. Thank you 🙏

[@hlayisanimathebula7160]

Thanks for teaching me how to close partial of the trade, you are awesome 👌👏😀😎

[@Roman-uc3bs]

the signal service isn’t telling you what lot size to use because their subscribers have all different account sizes

[@mentfx]

nothing new to see here 👀 signal services still not providing people the millions they're looking for. You cant be a part of someone else's edge because you aren't on that persons schedule. back to the individual grind :D great vid Hannah!

[@HANNAHFOREX]

Thanks for the support ❤️ Keep crushing the content. I’m learning 🧠

[@VJETRA]

you should pick a signal with proper report and good performance (which there isnt much) , and no they wont give you any lot size signal cuz everyone has different balance.

[@forexmoney4571]

thanks for the closing partial thing

[@twaambosiatontola9052]

Thanks for the video. I think of learning how to be an independent trader too. But its not easy to find correct mentorship.

[@ryudo24]

Sometimes I use signals if I don't have ample time to do charting but I don't blindly trade the given signals Instead I review those recommended pairs if it's in my trading criteria. If not, I just scrap it.

[@mwandilalukes2413]

That's good

[@HANNAHFOREX]

That’s good tho! I would say majority of people still unfortunately go into signals services blind without even know what risk management is :(

[@banana1618]

Yes, unfortunately, your experience mirrors mine - found that their signals produced an entry that was passed about 15 minutes earlier and they weren't talking about taking the entry on the retest either.... Absolute rubbish - and they get away with it. Luckily it didn't cost me anything other than incredulity how some people take others for a ride.... Better to try watching birds in the sky: will they fly to the left (then buy) or to the right (then sell)!! lol Thanks for warning everyone and take care.

[@HANNAHFOREX]

Yeppp such a common thing! And it’s a shame many many people fall for it. All we can really do is educate and share what’s we’ve gone through so people can learn from our mistakes 😊😊

[@ianbronkhurst3639]

Loved your video Anna .But could you make a video guide for beginners in Forex without using signals

[@ryanheinig7975]

I had learned from trusted traders I follow not to use signal services. The real skill to be successful in trading, is learning the skills yourself, checking market conditions on daily bases, technical analysis, have a trading strategy that works for you, and ALWAYS use proper risk management. Some signal services are from other traders that are not good at trading themselves, but having a signal service helps them make a quick buck, passing the risk of losing trades on you, while you being conned, and they raking in the money.

[@HANNAHFOREX]

Absolutely 💯 risk management is so soooo key!

[@ralphfischer6924]

I think signal services can't be all bad. I never used one and probably never will. But I don't see why getting a second opinion from a hopefully decent trader is a bad thing unless you follow them without question. I guess the problem is mainly that you never know how good the trader that provides the signals truly is unless they have an audited track record.

[@rozalyx14]

I used a signal service provider for the first time, and to my horror he blew his account. I did not follow his signals, because I wanted to observe how he was progressing before I commit.

[@sandileshezi9875]

@hannahforex why don’t you do another video with a fixed lot size and a fixed SL and TP so we get to know how that plays out.

[@aqn955]

There are some pretty good signal groups out there. I can see your point into building bad habits - if you can manage your risk, and your position as it enters drawdown, or profits - signals can be efficient; if you don't do it full time ;)

[@HANNAHFOREX]

I don’t doubt that, I just personally do not think it’s sustainable for the long run. 😇 But again, there’s still a majority of people following signals blindly without knowing what risk management even is or why they enter trades 😅

[@aqn955]

@@HANNAHFOREX Yeah, that's distructive.

[@luciferhelltown9983]

Any names for a good provider plz

[@MatinDadib]

Thank you for sharing. I have the same experience as you by following signals and they suck!

[@mrforexsmc]

I guss, if you risk same precentage , which is 1%-2% . You will be profitable with that signal service. Otherwise we can't judge whether is good or bad. Even we trade signals, we should have basic trading knowledge . Then treders can get profit .

[@huss9629]

Why not use a demo account?

[@chris-anime8967]

Thank you so much 🙏🙏🙏 for teaching me on how to change lots size

[@katemorrison5444]

I appreciate these videos. Teaching me quite a lot keep them coming

[@somakholhrg2805]

I used to trade with service provider. What I found is that you can't trust their TP and SL they show. But, I think it's good for sometimes because I use their signal to find more possible setups.. All the service provider are not sucks. But, don't trust all the Instagram trader.. 😂😂

[@somakholhrg2805]

@@annetteveronica7293 I don't think so. I'm from India(Northeastern state)

[@davis_dk2089]

Thank you so much of making this video 😭❤

[@tradeindiapro1833]

Seems to be honest review based on real life experience rather than made up video like other youtubers tend to provide....

[@boeta7039]

pro tip if you use signals take opposite ther signals they post to buy you sell

[@f29nas12]

What is the app called where you see the loss and profit?

[@gianjuinio1911]

I think when you get into any signal services, you dont necessarily hop in to trade at the time you received the signal. Sometimes gotta let the hours pass or even day before making those trades. Just for my experiences hopping on the signals.

[@mixoh]

1:19 😂 😂 that was really wholesome interaction

[@thegamingtribunal]

glad you are popping up again on my feeds...love the vids!!!

[@klopcodez]

Try Lambo Raul’s Signals on KZbin or the famous forex traders like Mamba fx or Daniel savage

[@husseinamidu2753]

Daniel savage is a guru

[@klopcodez]

@@husseinamidu2753 all of them are they make money from people and scamming people with there prop firms they make over 600k a month with signals they anyone can do

[@muhsinrafeek1643]

How long have you been using them

[@klopcodez]

@@muhsinrafeek1643 I have used mambas for ever a year and never made any money and mostly break evens they claim to make all this money but make money from people buying there signals and keep buying more cars and leased cars to get more People in to pay them and buy courses or etc

[@kimhoodstar]

I can relate, my accounts have been wipeout bec. of signal services.

[@traderswithedge]

Great experiment Hannah. Keep up the good work!

[@mitchware9357]

What app does she use to trade?

[@echonovember93]

Whats the name of this signal provider

[@simplemind9248]

Was this with Forex Trading Spot by any chance?

[@steeltoktrendz9584]

Pls what trading platform do you trade on

[@wilsonjones193]

Can I help?

[@BabbsbbNnznsns]

If you take the time to find the right signal provider it can actually be extremely profitable. I trade me self and take signals as well and have an overall 89% win rate over the last 3 months.. so don’t bash it to much you just need to put the work in to find the real traders

[@williamguild205]

Drop the link bro🙏

[@adriansterpu3508]

Hello Hannah, what app do u use for trade? nice content btw, keep up with it

[@adarrinsmith7491]

Signal service for the most part suck for me I viewed signal service merely as a alert for you to take a look of that pair by doing your OWN ANALYSIS and confirming yourself

[@adarrinsmith7491]

@@annetteveronica7293 Iam not sure Iam originally from Norfolk, Virginia most of my contacts are Highschool classmates

[@bluepeakofficial6802]

I am forex trader i never take trading signal advice from others because its not only about prices are going up or down your risk to reward are must be calculated and always see chart on big time frame

[@DUxBTLL]

El lote a trabajar es dependiendo de tu capital no puedes seleccionar lotaje muy alto solo por qué si , la señales funcionan siempre y cuando tengas control de tu riesgo

[@yasinnabi]

awesome tips and wonderful channel, subbed !

[@andrewong7229]

Some signal services do work, buy I would have gone with a demo account to test then out. Nice video 👏

[@mursalimsalim2769]

Similar with me I'm sometimes had blow account..

[@ScriptureFacts]

you should analyse their old signals and accuracy first i also followed signals but of bestest traders and which is a too big profit for me.

[@abdullahalamrikani678]

Who are these traders, if I may ask?

[@Romario.J.L]

Great video and I think it's accurate for what Hannah was going for. Of course she could've used the same lot size to see if the signals provided by the specific group were profitable for that week, but the majority of people who use signals don't use proper risk management anyway. Also, like she noted, signals tend to lead to bad habits. There's a reason profitable traders don't need them.

[@HANNAHFOREX]

❤️💯

[@CJ-ui4tg]

Free signal groups are a lot better, with price mapping and explanation for the signal

[@BrunoSousa-oi1mw]

It doesn't make sense this whole thing about risk management.. in the end everything is about using martingale.. You win? Good keep it up You lose? In the next trade increase the lot size to cover the previous loss and still make some profit. Lost again? Well.. increase the next trade even more to cover the double losses. Lost again??? Repeat...until you win and go back to the first small lot size

[@50pCENT_fx]

How’s it going mate?

[@christiaancoetzee341]

Hannah, I could've agree more. Signal services suck. The times they send out signals is when I work. Signals not for me.

[@schumaker221]

Thank you for your honest video and your trading experiment.

[@rafaelbettencourt1328]

Nice video :) by the way which UK broker do you recommend? for this video you are using ICMarkets is this a good broker to go for? thank you

[@moshimoshi69]

That's not how you trade or copy signals ... u hv to monitor it constantly... it's not necessary that the price point reach the tp they set ... so u hv to monitor n know when to enter n exit ... But you are like just open it , set tp sl n go on sleep... n I see low risk management in ur way of copy signals ... everything from ur side too matters ... can't blame signal provider 100% for blow acc coz of low risk management

[@Junem1975]

Thank you ma'am.

[@marcusmarques5547]

Thank you for posting this video....

[@rctheory4534]

You will make those 7 pounds back with KZbin Ad Revenue lol this video gave me a throwback to those first Hannah Forex videos back in the days hahaha

[@HANNAHFOREX]

Oh boyyyy them first year Hannahforex videos 😂😂😂 We all start somewhere lmaoo

[@earlhercules9914]

Just found your channel. Loved this video

[@moninvestor2640]

Im watching this nervous as hell i had to be like okay this is her testing the waters lol I love what you do.

[@hussainasad8426]

literally today i know about closing partials😅😅

[@jacktheripper5661]

No better feeling then forecasting and then executing a trade yourself. that feeling that YOU just made money. No better feeling honestly.

[@Lee-rd4pp]

Hi Hannah, How do I get my candles also highlighted where Order Blocks lies like yours.

[@christianjax2florida936]

They were not bad or bad as I thought. They even send the analysis of the trade. At the end of the day you need to have at least a clue of what is going on. Good video Hannah

[@bridgettehaynes7486]

Hey how long have you been trading?

[@slime129]

Try trading options you’ll love it

[@epiawaken5346]

Can you try the free trade signals from Telegram group instead.

[@onlyjames628]

probably should have used same lot size to get an almost accurate experiment

[@HANNAHFOREX]

True truee, I tried to keep it as realistic as possible. So got my friend to “pick” the lot size on what she would use :) But yeah maybe next time hehe

[@ji3200]

very unbalance lot size on each trade

[@J3lackLennart]

I thought that you gonna try to trade them a little bit more "professional" like risking always 1% per trade. Sure they maybe never said that, and a beginner wouldn't know that, but u know it so it feels like u traded purposly wrong.

[@HANNAHFOREX]

Yeah I traded purposely like a ‘noob’ 😂 Haha when I first came into the markets I knew nothinggg about risk management so just traded like a newcomer (hence using my housemates POV for position sizing)

[@sidc.3817]

shucks its a stop hunter app...experiment to go the opposite of the recommendation the app churns out

[@brandonlim3679]

it helps that in signal groups, instead of entry where they say, just entry at least 10 - 15 pips from their entry point XD

[@victornnys]

I prefer Manual trade....I have been seeking a Forex trading job...with good capital...may be in an organization or bank

[@123bekr123]

Brilliant video, lots learned from it. Love the black teddy jacket. Wheres it from if you dont mind me asking???

[@HANNAHFOREX]

Thanksss! It was from H&M haha

[@vanessadanquah8396]

Just started my forex journey but so great that I now know NEVER to try signal services 😂

[@jassimm.j]

Hi hannah Loving your videos Great content Please continue the beginners educational series with your friend ❤️🙏

[@HANNAHFOREX]

Thanks Jassim! And yess, I’m working on it :)

[@eadward6323]

If anyone loss in trading so I can recover all loss my signal experience is 6 years from I continue work

[@abdulx01]

You awesome guider :) I also gona buying subscription for signal but - No more. Belive in your self , work on your own strategy . Copy trade is bad habit

[@Gazza123D]

Interesting video, definitely better to learn to trade than take signals however I think trading signals for some takes out the emotion which a lot of people struggle with. Also your BF mentioned how he was mentored, how do you find a mentor when you know nobody in this space?

[@HANNAHFOREX]

We joined the same community back in 2018. What I found was helpful and so important was how successful were the students - doesn’t matter if the mentors are all this and that. But can they teach their students to also get better and grow. That’s how i judged if a mentor or community was good, I look at their student success stories :)

[@Gazza123D]

@@HANNAHFOREX I understand, I must be doing something right as I have not blown an account after a year but I keep flip flopping between being in profit and having losses which is a little frustrating. I know trading takes a while to get consistent and I won’t stop learning as I enjoy doing the analysis but think I need a mentor to bounce ideas off.

[@ScalpemXIndicator]

Great video thanks for sharing.

[@khairulabdullah1119]

True Hannah. Loving the quote at the end of this video. I'd rather learn and trade than following signals blindly. 🙌🏼

[@babobanks]

I think you should've shown the name of the signals with a disclaimer or something

[@ryanheinig7975]

I agree to this statement as well. Nothing illegal of revealing to others of a business such as this.

[@babobanks]

@@ryanheinig7975 yeah and helpful

[@HANNAHFOREX]

Ahhh that’s fair! Just didn’t want newcomers to be encouraged to join any specific service tbh. Haha yeah definitely not illegal to reveal or hide it 😊

[@babobanks]

@@HANNAHFOREX I understand, that's a perfectly okay way to go about it. Thanks for the reply!

[@eynaratwel9958]

the thing is that she was not calculating risk and she is wrongly informing people sadly if your risking 3 percent you must calculate the risk with the pips of the stop los and you would get the lot size

[@HANNAHFOREX]

Exactly!! That’s the point of the video 😭😭

[@yuyakuchiki]

@@HANNAHFOREX I think people that using signal services some of them are understand about risk management. so then we can check the signal performance over time.

[@Kirankumar-pi3tg]

It all depends on whom you are getting signals from. Dont be fooled.