Trading signals aren’t inherently bad and often come from technical analysis, market data, or ‘expert’ opinions. The goal is to help you make smarter trading decisions.
However, the problem lies with a lot of signal providers (mainly forex) who make unrealistic promises.
They might guarantee huge profits or claim an unrealistically high success rate. These tactics are often used to lure unsuspecting traders into expensive subscriptions.
To protect yourself, always do your due diligence. Research the signal provider, verify their track record, and be wary of claims that seem too good to be true.