Over the past few years, the forex signal group industry has exploded. Telegram, once known for crypto channels and private chats, is now home to thousands of forex groups promising quick profits and “sure signals.” But behind all the flashy profits, Lamborghini emojis, and “VIP access,” lies a truth many traders don’t talk about — most of these so-called forex gurus make more money from subscriptions than from actual trading.
The Rise of the Signal Group Craze
In the past, learning forex meant studying charts, testing strategies, and spending months or even years to understand the market. Now, with just a few dollars, a trader can join a “VIP forex signal group” and get buy/sell calls every day.
Some of these groups claim 90–95% accuracy, showing screenshots of winning trades. But when you dig deeper, most of those screenshots are either edited, cherry-picked, or taken from demo accounts.
According to a 2024 Statista report, over 1.2 million traders worldwide subscribe to one or more forex signal groups on Telegram or WhatsApp — and about 70% of them lose money even while following “premium” signals. That’s not trading. That’s gambling with guidance.
How the Business Model Works
Let’s be honest — running a forex signal group is now a business model, not a mentorship.
Here’s the playbook:
- Create a Telegram group.
Start with free signals to build trust. - Post flashy results.
Show big wins, hide the losses. - Launch a VIP subscription.
Charge anywhere between $20 to $100 monthly. - Get referrals and testimonials.
Offer discounts or profit shares for fake reviews. - Keep feeding hope.
When signals fail, blame “market manipulation” or “news spikes.”
Many of these so-called gurus have no verified track record, no live MyFXBook account, and no risk management plan. Their real business is subscriptions, not trading.
The Psychology Behind the Trap
The forex signal group industry thrives on hope and fear.
Hope — that this next signal will recover all losses.
Fear — that if you leave the group, you’ll “miss” the next big move.
For beginners, it feels like having a shortcut — someone else doing the hard work. But in reality, it kills growth. You stop learning. You stop analyzing. You just wait for another “BUY NOW” message.
This dependence is exactly what keeps these groups alive. Once a trader becomes addicted to signals, they rarely go back to studying the market.
The Money Trail
Let’s crunch the numbers.
A Telegram forex guru with just 500 VIP members paying $50 monthly earns $25,000 per month — even if every signal fails.
Meanwhile, the same traders who fund this empire are losing hundreds of dollars weekly.
So when they say, “I’m making six figures from forex,” they might be telling the truth — just not from trading.
Professional Traders See Through It
Ask any real trader with consistent results, and they’ll tell you this: there’s no signal service that can replace proper analysis.
Trading is about understanding price action, managing risk, and staying disciplined.
If a signal group promises 100% accuracy or daily profits, that’s your red flag right there.
Real traders show verified results, teach risk management, and encourage independence. They don’t create dependence.
The Victims’ Stories
I spoke with a few traders who’ve joined multiple forex signal groups. Most shared the same story:
- “At first, it looked good — small wins daily.”
- “Then one bad week wiped out all profits.”
- When I asked questions, they removed me from the group.”
It’s a silent crisis. New traders are being drained financially and mentally by people who’ve turned trust into business.
The Better Way Forward
If you truly want to grow in forex, forget shortcuts.
Learn the basics — support and resistance, price action, and psychology.
Follow real traders who show verified results and teach independence.
Use signal groups, if you must, only as confirmation, not instruction.
Remember: a signal group can help you start, but it can never make you a trader.
Bottom Line
The truth is simple — most forex signal groups are subscription businesses disguised as trading communities. They make consistent profits every month — not from the market, but from you.