Those who trade have two ways to reach their success – they either use trading signals or they read the chart and make their decisions based on their readings. But every way has its advantages which might not be available with the other way. So. What are the perks of reading the chart and trading signals?
Which way is going to prove to be the best?
Reading the chart:
1. You feel confident.
2. You get all of the info.
3. You are choosing the time frame.
4. You are choosing everything.
1. You feel confident.
When it is you who are reading the chart you have the possibility to base all of your decisions on your knowledge and your hunches. You can feel confident in your decision because there was no interference from the outside of your head. Just cold counting.
That being said you are also going to have no one to blame when you make a mistake and lose money in a failed trade. Why would you fail? Because of the bad reading of course!
2. You get all of the info.
Reading the chart is a craft working out of which takes years of perfecting. And with good reason – all of the info that you are going to get from correctly reading the chart is enough to make your head spin. The better you are at reading the chart, the more information for your trade you are going to get out of it.
3. You are choosing the time frame.
You are choosing your own time frame for analysis, trading and reading. Every step of the way depends on yourself and yourself only. Full freedom of actions – isn’t that what we are dreaming about when we are trading – full independence?
4. You are choosing everything.
You are choosing everything for that matter. Assets, time frames, what to pay your attention to, when to go in and when to get out – freedom, once again.
Now let’s look at the perks of trading signals:
1. You do not have to waste time on reading.
2. You can put several trades.
3. You have support.
4. It is more reliable.
1. You do not have to waste time on reading.
Reading and moreover learning to read takes time. And with trading signals you just open them up and voila – you are ready to trade with all the information you are going to need for successful execution of a trade.
2. You can put down several trades.
Of course those who are already proud owners of our PRO CLUB membership can do that even without trading signals but let’s look at it this way – when you want to put down three trades at once – these are three different charts that you are going to have to read. When you are done reading them and getting all of the needed info your trading window has passed and you need to do it all over again.
There is simply no such problem with trading signals.
3. You have support.
Being all on your own is of course cool in this filed, but it is not going to hurt you to have support from your trading signals provider. These are the people who can help you on your way to success and riches.
4. It is more reliable.
Of course you are going to be more confident in your own reading but there is different circumstance. For example, you didn’t sleep well last night. You need to take a very worrisome appointment or you are dreading a lunch meeting with your boss – there. Stress already makes you nervous. Reading goes awry.
Your stress doesn’t affect trading signals though. All you have to do is click your mouse a couple of times. The rest is going to be done for you. Reliable service, no matter what is going on in your personal life.
In the end it is better to use both – it is better to read the chart AND use trading signals to back up or disprove your reading. Although it is of course a matter of taste and personal choice.
