Bitcoin Forum

Can any Kind Soul please give a honest review of signaltrader.io ?

Is this a good earner ?

What are the risks like ?

How much can you make with this platform per month ?

Are there much better systems out there ?

Any other useful info is much appreciated

Thank you and kind regards

this looks to me like the modern pump and dump groups which only has a better design and some additional features!
entering the cryptocurrency trading market doesn't require any intermediary! if you want to make profit then just start it yourself and if you can't then using these scam services is not going to make it any better for you.

Any king of signal trading is even more risky than any any other kind of trading. No matter how many people are telling you that they earned billions while following thosy signals it is still risky. Most people that use different trading bots, signals, pump and dump groups are lacking trading knowledge to estimate risks and see if it is right or not.
Now consider all pros and cons: Speculative trading is risky - crypto assets are risky - signal trading is also risky. So you are combining 3 unsafe things and expect to get some profit.

there is a famous quote that I always like to mention whenever people ask a question like this:
"If stock market experts were so expert, they would be buying stocks, not selling advice."
this has been posted many times before too but people rarely take it seriously, it seems. the thing is if you think about it, in a market that has  a fierce competition nobody is going to give you "signals" if they actually have it, they will use it themselves to make profit. what they sell you in these places is what they wish to happen after YOU buy from their sell orders.

It is never advisable to follow any signals. If you are thinking that you will really earn just by following signals then that is not that easy. Blindly trusting on any signal is the most dangerous thing. Have your own strategy which you have tried and tested.

It is always better to read the market on your own. If you do mistakes while learning it is not a waste it is a investment as you will understand what not to do. If the signal given by someone(company) goes wrong you only know you are in loss but have no clue why? and how?. So, Read how to use the Technical Analysis tools (https://coinswitch.co/info/technical-analysis-for-beginners-detailed-guide-on-technical-analysis) and implement them on trading view and start learning trading.

Do not blindly trust any signal. No one is a expert.

Agreed. Almost everyone with a half decent brain are aware of the potential risks involved with regards to these signals, pump and dump groups etc, but end up joining them anyway by giving into their greed which ultimately leads to their downfall.

Trading in such a volatile market is itself risky as hell and these groups simply amplify the risks even further. Use your brains people.

Indeed, the same thing applies mainly to these blogs and recommendations issued by people claiming to be experts on Youtube.
They will not help you and then guarantee you a profit, perhaps it is better for them to borrow some money from you and return you to earn the crumbs from you.
Teach yourself some knowledge and invest better than losing money with these scammers.

What you said is true.
I always come across the so called trade experts who even claim to have made a hundred thousands money from trading but in the end you find them telling you to buy their signals for $100-$200 and then you wonder why they are even going through trouble ] asking for money. If they are really experts in trading and are quite successful, why not just keep quiet with the "signals" and make more in silence?

Op , the best you need to do for your self is to develop love for what you are doing, which is trading if I'm right. Then if you have love, you can devote time to build and develop your trade style. Signals can only guide you but you need a strategy to work with it.

I've signed up for signal services multiple times early on when I started trading crypto, and they never ended up well. Some (some might say most) signal groups are made simply to pump and dump alts for the owner, and you're not gaining anything by paying for signals. Knowledge is much more valuable than any signal group you could ever pay for, and it's really not worth it in the end considering how much some of these groups cost to join. There are no shortcuts in life; if you want to trade, learn to do it yourself instead of paying someone else to do it.

Yeah, seem so, I believe they have another something like Premium Group that share the same signal but earlier, so when people decided to follow the signal, they actually just feed the premium member of the signal, and most of the time, they will be the one that thrown under the bus.
I don't think any signal group is honest they always have pump and dump premium group behind them.

Instead of joining of paying for signal group, I think you should join fundamental analysis group like Luntik Reports, ICODrops, Cryptodiffer, etc. They're free to access, but most you need to be careful as they are just some internet guy without deep background in the fields of the business where a crypto project operates. However, they can add as a second opinion for fundamental analysis if you're interested in looking to pick some coins where you can hold for years.

Signal group, though I won't say all of them is fake, but it's really hard to distinguish between fake and legit at this point.

Absolutely, haven oneself equipped with the necessary skills in the world of trading pay off than anything one can think of. At a time i bought some tools for my trade which end up in great looses, so, will not advise anyone out there to depend on these trade signals. Because of the gains around the trading world, no one in there right senses will sell out their chances of becoming rich to another unknown person leaving their family members out. I can't see any possible positive review from signaltrader.io.

Common mistakes on most investors where they do let themselves blinded with greed and fast money schemes.They do believe that
they can have the advantage among other traders on using up these signals or whatsoever without even realizing that even the
creator of these services don't have a precise signals to make profit on their own.

There is no such a thing as fake signal groups as long as they don't promise you any sort of returns.

What we see happen is that a lot of signal groups are being operated by the same person(s) but just under a different name. If one group turns shit due to poor results, they can easily drop it and keep using the more profitable ones to keep squeezing money out of people's pockets, where the added benefit is that people shill these groups automatically by bragging about their gains.

People are better off flipping a coin themselves. You either win or lose. Fair 50% odds.

Looks like you need to worked on for better understanding how signal groups (legit or sh*t) works or provides.

The profit will depend on your ability to ride a certain prediction or analysis. Therefore, your own profits is on your own hands. There's no such thing as specific amount since obviously, cryptos are volatile. Plus the capital you will put on a certain trade run.

Signals are for references purposes only. Even how good their TA's, no one knows what will happen next.

People who do commonly rely into these signals are the ones who don't like to bother or hassle themselves on making
some analysis on their own that's why they decide for easy follow signal trades.Let them be and when they lose
money they will realize things on the end.

'Smart speculators' can also use them to find which coin will get pumped by some group. If they can time it right (or maybe use a bot to do it), then can get decent profits. But it's really tricky because some group/channel only forward message from other group.

They will realize that they paid the wrong group and try out another one, and this continues till they find one that does end up bringing in some profits. People are paying for signals because they suck hard.

If you spend a week or so trying to understand the basics of how markets work and how to read charts, you very likely will do just as well in terms of having profitable positions as when you would when paying for signals.

Most of these people are wasting their time waiting for the price to do something. If they spent even 10% of that time educating themselves, they would be a whole lot further in life now. It's pathetic.

You're essentially buying in order to get the advice of certain "analysts".

It's no different to some form of signal group of telegram, or copytrading previously on platforms like BTC-e. Except with this app, you're doing this externally and automatically.

The risks are obvious, the signals may not turn out to be profitable, and the so called "group leaders" may go rogue and pump up prices of coins that they currently hold already. I personally would rather formulate my own research and invest according to that, rather than having to buy a subscription and having potentially even more counter party risks.