As most traders that have been active for some time, know, it is no possible to stayed updated 24/7 on what is going on in the market. Everyone has its own strategy but there is always room for new and right information, the signal services supply here a demand, as simply stated there are signals being produced that when implemented they will make you a profit.
Look at it from the other side. You are a trader that have a strategy that works and makes you money. You use the right tools and analytics to get to these signals yourself. Now you are also able to make extra money by selling these signals. This would be a win win for you and the traders that buy your signals. Your group will never be big enough to change the market so you , as the signal provider are not in competition here.
For Beginner Forex Traders: the forex trading industry can be daunting and intimidating. Not being able to understand, out of the huge amount of information, what is relevant and what is not, can discourage many beginning traders.
For these people the trading room solution of some of the signal providers like Forex mentor pro, is an amazing solution to learn and take you step by step on how real traders have been getting to their profits.