Bitcoin Forum

Hi Veterans
I'm newbie when it comes to trading cryptocurrency and i currently follow trading signals from a telegram group
Now the issue is that i'm not sure if they are being honest with figures when it comes to their returns
is there a way i can review all the trade signals automatically without having to do it manually, which is exhausting
checking one trades at a time for over 100 signals is time tasking
thanks in advance for your input

Nearly 90% of the signal groups are fake. They copy-paste other signals, delete the failed signal that they give and then keep promoting their VIP channel.

Sadly there is no easy way to filter out which one is legit or not (unless they've been explicitly shown to be a scam signal group). You need to check each of their signals, but even if you did that there's a chance they've deleted the bad ones. Instead of doing that, I'd rather learn about trading myself and keep practicing each day.

There is no automatic way to know. If you want to know how legit these signals are, you could simply ask the users of that BOT.

I do agree with that post above though, most of the signals are fake. If you want something solid that shows honest and realistic signals, go with paid services like CryptoPing or MiningHamster.

You shouldn't rely and believe about the trading signal in the telegram dude. Most of the time they are hyping their community to their channels to buy the token they will mention. Trading is not really easy, you cannot get this in one day you will get understand it at once, you need to spend time to learn it and and explore yourself more about it. You can begin with the basic knowledge in trading.

It is not really advisable to join or follow trading signals .
Like I always say about trading signals it is just a group that pumps a crypto from their followers,
So if their signal didn't hit it the followers would just lose their money for trusting their words,
And if does hit it then it is going to be the investors vs other investors who ever converts last would lose the investment,
It is a pyramid scheme used on a trading platform the early to take their bait would win if their pump group successfully pump their target crypto.

This post shows me a kind of get rich fast syndrome with cryptocurrency.

Hello friend here, you have to get down to work, what you are asking for, I don't think it exist, of course they are all different groups. SL
Advise is to select a telegram that you succeed with their signal and follow it.


This is surely the fact. I have noticed some telegram that post same signal like that and this is why I don't totally rely on telegrams.

I would advise you to stay away from this kind of trading signal groups Not worth to pay them even a penny just to get into some pump-and-dump scheme.

In the end, you might ended losing more, instead of profiting. I've tried some of them in the past, and I would say it's a complete opposite. Only those admins or mods will earn from this and not casual Joe's like you and me.

Don't follow them. It will just give you confusions. Not because they are fake but you will rely on it most of the times without a strong foundation on your strategy.

What you need to do is to spend time learning how to create your own analyzation for an effective strategy.

Sounds difficult but worth to do. Where to start? Read some crypto trading basic principles. Lots of resources can be found on the web. It will take time to understand some of the basic things but way better to spend your time there than reading hundred of signals on which you didn't know what is those all about.

trusting telegram bugs as a trading signal may not be a good thing, this might be one that should be avoided. trading signals can be obtained from us doing this analysis is useful to see how potential trading signals we run.

Stay away from telegram signals. They aren't providing reliable information and their signals are fake. There are lots of reliable signals that you could find so you better do some research on how to use them. Telegram signals would only mislead you and deceive you. You should build our own firm strategy.

Say goodbye to them as early as you could or they will be taking some money after you later on.

They are all fake, they make cheap coins surge but that is because either they already have that coin to manipulate it or they are just making fake pumps like small amounts to make it look like it is really pumping.

Be wary with this kind of scams. They are all over telegram and once you got attached to them, it will take a big toll for a great loss.
Quit it as fast as you could. They are like crocodiles who are just waiting for they prey.

I just suggest that done blindly depends on the signals for trading purpose, We have to learn forex trading or crypto trading and when we feel some perfection in our trades on demo then we may enter to crypto world. Before learning the charts / markets we can not judge the signals of trading and sometimes this foolishness causes big losses.

Don't depend your luck on trading signals on Telegram.
Their updates and signals isn't reliable and they mostly copy it in what they see in the internet.
You better look for reliable trading signals which you could get a legit information that would be helpful for you to trade better. 

Some of them are honest, but others are not.
You don't know who will be honest if you don't follow them, but that is not advisable because that will cost you some money to find the truth.
It is better you learn by yourself in many ways so you can analyze the market without depends on them, and the best is you can improve your skills from the analysis you learn.

Better watch out, you will really get dump. Signals now it's always a P&D especially on groups where you know nothing about. And you will end up burning out on your capitals.

There is no 100% assurance that these signals groups are accurate. You've said you joined one of the group. You can prove if their signals is really effective when you experienced to follow what they are exposing. And, did you pay for that group? I wasn't really sure if they are fully revealing their TA's . I guess, they not. Be careful on joining some signal groups. Always be vigilant and do not hesitate to leave if they are just a fake one.

No, you shouldn't have to fully give them trust, that was a big mistake you don in trading. If you are still learning in trading, they might be your mentor but don't let them make decisions on your trades because most of these tele groups are scamming.
I'm not sure if they are asking a money from you as usually,  this happens to other groups. You will be careful with them or the best to stop making communications with them.

Yeah, they will help you at first and that to gain your trust towards them but correct me if I'm wrong, it won't last. They are not helping you to grow but for you to make losses.