It seems like a no brainer. All you have to do is get forex trading signals software that has a profitable history and follow the signals. Is it really as easy as it sounds?
If you are placing the trades manually it can depend on your skills as a trader. Even if the signals show a profit over time you have to consider that this profit is based on all the signals being taken and entered and exiting at the exact market point that the signals were triggered.
For most traders this is impossible. The forex is open 24 hours a day and a trader can’t possible be there at a trading platform waiting for the signals. It could be possible if you have a team of traders taking shifts. but most traders don’t have that. You could use an alert system to wake you up in the middle of the night or interrupt you while you are out living your life but still by the time you get to a computer to make your trades the market can move many pips to where you are no longer trading within the system.
You could use a forex trading signals software that is only programmed to give signals during a specific time of the day. This can work but as with any trading system it will only be as good ad you are as a trader. Human emotions are real and they do enter most traders decisions and usually not in a good way. Even when following signal software it’s the traders decision of when to enter and when to exit.
To be able to do this without your emotions getting in the way takes practice. Until you learn to do this with any other strategy forex signals software probably isn’t going to help you much. Following these signals can be a good way to learn though if you use the signals to practice on a demo account and focus on trading with consistency and discipline.
If you really want to take yourself out of the trading decisions you can use an expert advisor. A forex expert advisor is forex signals software that not only gives you the signals but also makes the trades for you when the buy and sell signals are triggered. With this kind of software it doesn’t matter what your skill level is.