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How to Follow Trading Signals Without Blowing Your Account

By Waseem Badami 7 min read
How to Follow Trading Signals Without Blowing Your Account

Our free signal group is one of the most popular parts of the academy. But we often see two students follow the same signal and get completely different results. The difference is almost never the signal — it is how it was followed.

Understand what a signal contains

A complete signal has four parts:

  • Instrument — for example Crash 1000, Boom 500 or XAUUSD.
  • Direction and entry — buy or sell, at market or at a specific price.
  • Stop loss (SL) — where the idea is wrong and the trade closes.
  • Take profit (TP) — one or more target levels.

If a message has no stop loss, it is not a signal — it is a guess. Never trade it.

Use your own lot size

The lot size someone else uses means nothing for your account. Use the signal's entry and stop loss to calculate your own volume so that a stop-loss hit costs 1–2% of your balance. Our risk management guide explains how.

Do not chase late entries

If price has already moved far from the entry, the risk-to-reward is no longer the same. Your stop is now further away and your target closer. A simple rule: if price has covered more than a third of the way to TP1, skip the trade. Another signal will come.

Place SL and TP immediately

Enter the stop loss and take profit in MT5 as soon as the trade is open. Phones die, internet drops and markets move while you are away. A trade protected by an SL survives all of that.

Manage partial targets the same way every time

When a signal has multiple targets, decide a routine in advance — for example, close half at TP1 and move the stop to entry, then let the rest run to TP2. Consistency matters more than the exact method.

Learn from every signal

Signals are most valuable as a classroom. For each one, open the chart and ask:

  1. Why was the entry here? Which level or pattern does it respect?
  2. Why was the stop placed there?
  3. What did price do afterwards, and why?

Screenshot the chart and save it in your journal. After a few weeks you will start spotting the same setups yourself — which is the real goal of our batches.

Common mistakes with signals

  • Following signals from many groups at once and taking conflicting trades.
  • Doubling the lot after a loss to "win it back".
  • Closing winners early and holding losers past the stop.
  • Judging a signal provider on one or two trades instead of a long sample.
Honest reminderNo signal provider wins every trade. Past results, including the results we share, do not guarantee future performance. Protect every trade with a stop loss and trade only money you can afford to lose.

Frequently Asked Questions

Yes. The signal group is free for members of our monthly batch. Message us on WhatsApp to join the next batch.

Mainly Deriv synthetic indices such as Boom and Crash, plus gold (XAUUSD) and selected forex pairs, shared for Deriv MT5.

Signals can help, but long-term results depend on your risk management and discipline. That is why we teach the reasoning behind every setup.
Learn this live — for free Join Waseem's free monthly batch and practise with the free signal group. Message on WhatsApp to reserve your seat.

Risk warning: trading derivatives carries a high level of risk. This article is for educational purposes only and is not financial advice.

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Waseem Badami

Waseem Badami

Trader since 2017 · Deriv Broker Partner · Co-founder, Saim Forex Academy

Waseem teaches practical trading through free monthly batches and runs a free signal group focused on Deriv synthetic indices, gold and forex.

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