How does Easyer Done Than Said maintain such an excellent record?
Most of the signal providers we review have shown consistent profits, but few have had the fast growth seen by Easyer Done Than Said. In just nine months, Easyer Done Than Said has made a profit of over 6,700 pips, with those profits only increasing as time as gone on. With an incredible 96% winning percentage, there’s no reason to believe that these incredible results won’t continue.
Easyer Done Than Said began trading in March 2010. Since then, this signal provider has produced nine consecutive winnings months. In fact, from March through September, every month produced bigger profits than the one before it! That’s the kind of sustained growth you don’t see every day.
How does Easyer Done Than Said maintain such an excellent record? It’s a matter of consistency. The signal provider only trades one currency pair, GBP/JPY. They’ve also kept a steady, but not overwhelming, volume of trades; Easyer Done Than Said has made a total of 386 trades over the life of the account, usually making between 35-80 trades each month.
Of course, another important factor when choosing a signal provider is figuring out just how much risk is involved when using their signals. In the case of Easyer Done Than Said, the numbers seem to suggest that you’ll be taking on some element of risk. The maximum drawdown is a pretty hefty 51%, and despite the 96% record of winning trades, there have been a few tough ones to live through – including a -442 pip trade that stands out as their worst.
On the other hand, though, there’s no doubt that Easyer Done Than Said has won. The key to using this signal provider may lie in how exactly you go about using the signals. For most traders, it may be best to use small lots and trade conservatively, using amounts where you’ll be able to accept the very large drawdown that comes with following his strategies. At some times, Easyer Done Than Said has had thousands of pips in drawdown in open trades; he has also been known to keep trades open for over a month. Overall, we have to say that Easyer Done Than Said is one of the riskier signal providers we’ve reviewed so far.
So, what’s the final verdict? Unlike many of the other signal providers at ZuluTrade we’ve looked at, we have mixed opinions about Easyer Done Than Said. Some traders are likely to love the signals coming from this provider, while others will curse the provider’s name and wish they had never gotten involved with them.
It’s not too different than evaluating risk in any other type of investment. If you can handle the risk of losing a large percentage of your account balance without panicking, secure in the knowledge that you’ll eventually show a profit, then you might find Easyer Done Than Said to be a signal provider you’ll be happy with, and you’ll likely even be paid off handsomely in the long run for your faith in him. On the other hand, if you can’t handle having a huge drawdown tying up a significant amount of your account balance, and are afraid you might look to bail out earlier on losing trades, then your best bet is to skip Easyer Done Than Said, and look for a safer signal provider.
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