Comments on: Transparent Forex Leaders – Making Forex More Mainstream

By: Forex on the Rise | Forex Crunch

Forex on the Rise | Forex Crunch — Tue, 03 Aug 2010 12:07:57 +0000

[...] needs to take towards the mainstream. Here’s the most recent article, about finding the best forex trader. The other articles are linked from there. Enjoyed the post? You may want to subscribe by RSS [...]

By: Asaf

Asaf — Thu, 22 Jul 2010 12:25:57 +0000

Queensknight,

This is a very good point.

There is a huge difference between being a signal provider to being a successful trader, trading is all about risk and money management and this is something signal providers don’t do – they focus on market analysis which is very important but when you approach investors like Yohay mentioned they are not capable or willing to invest the time that a day trader has to manage his auto-signal service and to assure he uses the maximum potential and contain the risk – they are interested in a “set it and forget it” approach.

– Asaf.

By: Yohay

Yohay — Thu, 22 Jul 2010 12:23:09 +0000

Signal providers rarely put their money where their mouth is…

By: Queensknight

Queensknight — Thu, 22 Jul 2010 12:10:10 +0000

Aren’t these traders also called signal providers? Signal providing services have already been in existence for quite awhile.

By: Yohay

Yohay — Thu, 22 Jul 2010 05:54:37 +0000

Thanks for your comment Asaf. I look forwards to see this in action.

By: Asaf

Asaf — Wed, 21 Jul 2010 15:09:31 +0000

Yohay,

I completely agree with you, what this market needs in order to expand is to provide a transparent (and accurate) way of finding good traders.

We have managed to find quite a lot of these successful traders just by having a huge social network that required traders to link their real accounts and even though talent is rare it is out there and there are plenty of traders that consistently make decent returns.

– Asaf.