Bitcoin Forum

Most traders after a series of loses in the first few months of trading would go in search of trading signals from so called Professionals. This thread is to point out flaws in this trading option, and reasons why you should learn to trade yourself.
 

First, What’s a Trading signal?

Trade signals (trading calls) are a set of instructions you receive in real time that contains details of cryptocurrency to buy, what price to buy it at, the targets to sell it at and most importantly the correct stop loss to ensure minimum loss if the trade goes wrong.
 

But there’s always a BUT!


1. When using a trading signal, you have no idea how these signals were generated. If it actually came from a professional or just some random bot. It takes confidence to make a successful trade, and without confidence in the signal, there’s a high chance you’ll be losing.
 

This brings us to the next BUT
 

2. To ensure the trading signal comes from an experienced professional, people pay heavily for these signals. But even if these signals were right, the amount of profit made from these trades are small amounts compared to the amount you pay for the signals. You’ll have to trade using huge trading Capital to cover the cost of a the trading signal.
Does this sound familiar? Yes. Gambling. You’ll might get more chances Gambling than trading with these signals.
 

3. So, some traders (especially newbies) would prefer to trade using a free trading signal. But there’re no actually no free signals. They come at a cost. People who give these signals are paid by the project team, exchange or paid by large whales who want to dump their tokens.
You buy their dumped tokens and you’re left with no one to buy at the stop loss price.
 

4. The cryptocurrency market is very volatile. Profits could go as high as 400% in a few hours and dump to as low as 400% in few hours. Bitcoin, (the most traded cryptocurrency with a market dominance of over 60%) has risen by more than 5% in 24 hours, and up to 1,824% in less than 8 months. Same goes for its fall.

 

 These are just a few risks with trading signals. It’s important to note, that I don’t condemn the use of trading signals. There’re quite a good number of trading signals, but these are few. And you could never tell the difference. It’s worth much better to

- Take responsibility by making decisions yourself.
- Learn Risk Management Skills.
- Understand the process of cryptocurrency trading.
- Build your Trading Career.
 

Trading is more than just a signal, it’s a career. So you have to build it.

I keep telling people that there is no easy money. You have to learn and the trade for yourself. Trade signals;
- Can be used to Scam you by paying for "premium signals" which are even non-existent
- Can make you lose a ton of money when you have 100% confidence in them and yet the market decided to go in the different direction
- Can be used to make you buy shitcoins and you become a shitcoin bag holder while the architects' sell orders get filled bu you.
- Can be used to make you participate in a pump and dump scheme unknowingly.

It's lazy people who don't want to learn how to trade who usually fall for trade signal scams.

Trading is not an easy things to do. Its much easy to lo lose  money here but have a great chance to earn as well . I think it always a bad decision to follow the signal from someone or any group .You can't afford to lose money by someone call .We have to learn first and make study always on market .It will give a great knowledge to us .We have to learn from our each and every mistake .So i always suggest not to follow signal .

Don't you ever believe trading signals. Especially the one that has paid premium signals. It's mostly only a mere speculation. It's more risky since we're just following other people's words. Worst of all if one signals could make you lose all of your money. That kinda people needs you to buy so their sell order got filled, that's as far as I know.

Don't you ever believe trading signals. Especially the one that has paid premium signals. It's mostly only a mere speculation. It's more risky since we're just following other people's words. Worst of all if one signals could make you lose all of your money. That kinda people needs you to buy so their sell order got filled, that's as far as I know.

It is very dangerous to follow trading signals, both free trading signals and paid premium trading signals. Because I was
once a victim of trading signals, by following the pump and dump signals, my capital was finally used up. Indeed, we better
learn for ourselves trading strategies and analyze the market itself, so we better understand how read the market. That way
we can only make a profit. With trading signals we will not learn anything and won't get anything. because we don't understand
anything. So my advice is to avoid trading signals if you want to get one profit from trading.
  

It is very dangerous to follow trading signals, both free trading signals and paid premium trading signals. Because I was
once a victim of trading signals, by following the pump and dump signals, my capital was finally used up. Indeed, we better
learn for ourselves trading strategies and analyze the market itself, so we better understand how read the market. That way
we can only make a profit. With trading signals we will not learn anything and won't get anything. because we don't understand
anything. So my advice is to avoid trading signals if you want to get one profit from trading.
  

I keep telling people that there is no easy money. You have to learn and the trade for yourself. Trade signals;
- Can be used to Scam you by paying for "premium signals" which are even non-existent
- Can make you lose a ton of money when you have 100% confidence in them and yet the market decided to go in the different direction
- Can be used to make you buy shitcoins and you become a shitcoin bag holder while the architects' sell orders get filled bu you.
- Can be used to make you participate in a pump and dump scheme unknowingly.

It's lazy people who don't want to learn how to trade who usually fall for trade signal scams.

I joined a trading signals before and i would say that it is a luck if you have bought in cheap and sold it to someone who is part of the group and its like a ponzi scheme. So i would not recommend to join this scheme because you might just lost your money.

And they manipulate people by providing screenshot of their members winning but they are the one whose really winning and making money.

I keep telling people that there is no easy money. You have to learn and the trade for yourself. Trade signals;
- Can be used to Scam you by paying for "premium signals" which are even non-existent
- Can make you lose a ton of money when you have 100% confidence in them and yet the market decided to go in the different direction
- Can be used to make you buy shitcoins and you become a shitcoin bag holder while the architects' sell orders get filled bu you.
- Can be used to make you participate in a pump and dump scheme unknowingly.

It's lazy people who don't want to learn how to trade who usually fall for trade signal scams.

I joined a trading signals before and i would say that it is a luck if you have bought in cheap and sold it to someone who is part of the group and its like a ponzi scheme. So i would not recommend to join this scheme because you might just lost your money.

And they manipulate people by providing screenshot of their members winning but they are the one whose really winning and making money.

First of I heard about this kind of group for providing trading signal I'm just confused about, its because some of their showing some sample are fake. So they trying find people are willing to buy or invest the coins they showed up and they said can be increase the price in no time. And yes must better to stay away of this kind of scheme and ignore it.

And that's true they trying to manipulate people. So we must not believe on what they talking about just ignore them early.
 

Considering signals are basically indicators there is really not an "indicator" of what bitcoin will do in reality.

Yeah, they are called indicator in name but just because one indicator was right back in history about price doesn't mean that it will be once again. Just because SMA was x when Y happened doesn't mean it will happen again.

It is a mathematical thing and it is not really up to any person, if a person is making up price movements from his head that is even riskier but at least dude is honest about him making up the price, indicator based signals are even worse because it makes you feel like there is a mathematical possibility that you will make a profit and you can't go wrong which are all a big lie because in the end the indicator could turn out to be wrong quite easily.

I keep telling people that there is no easy money. You have to learn and the trade for yourself. Trade signals;
- Can be used to Scam you by paying for "premium signals" which are even non-existent
- Can make you lose a ton of money when you have 100% confidence in them and yet the market decided to go in the different direction
- Can be used to make you buy shitcoins and you become a bitcoin bag holder while the architects' sell orders get filled bu you.
- Can be used to make you participate in a pump and dump scheme unknowingly.

It's lazy people who don't want to learn how to trade who usually fall for trade signal scams.

It is a mathematical thing and it is not really up to any person, if a person is making up price movements from his head that is even riskier but at least dude is honest about him making up the price, indicator based signals are even worse because it makes you feel like there is a mathematical possibility that you will make a profit and you can't go wrong which are all a big lie because in the end the indicator could turn out to be wrong quite easily.

I do not recommend following a trading signal. Maybe some will earn from it specially those who bought right away after the signal was announced but what about those who will buy 10 minutes later or 10 minutes after the announcement. If the coin is worth 0.0001 BTC when it was announced, after 10 minutes, that coin maybe worth 0.00015 BTC or even higher. Those who bought at 0.0001 BTC can sell it at that price already gaining 50% profits and what will happen to those who bought at 0.00016 BTC? They are going to be stuck holding that coin because they come in very late.

It is completely very bad idea to rely on the signal provider because most people will get into this trap and they will lose money. Even I tried to follow many signal providers but failed to make a penny because most of the signal provider will make a huge amount of money by providing the Signals.

Using other people's signals doesn't guarantee you to make a profit because they only predict if that will go somewhere. But the question, how if what they predict is not happen? That will need more attention to find out about what will happen in the market. Maybe they have skills to predict where the market wants to go, but they don't know what exactly will happen with the market. So it is better to analyze by yourself because at least you know what suppose you need to do if something goes wrong or you can combine their prediction with your analysis so you can find more clues to enter the market.

I consider traders who sell paid signals realize that getting profit from trading is not easy. I have followed paid signal, admin get around $3,500 a month from member, I decided to quit when see many of the signal he gave is wrong. In my opinion trading signal is more dangerous than trading itself.

Following a signal came from paid signal group is not 100% guaranty you will get a good profit because there will be a tendency it will chnage direction and resulting to lose your money, I'm not a fan of any signal group its better to learn the basic to advance technique on trading rather than following this signal group.

~snip~
Talking with btc and top alts signals then I would say that they are just simply milking out people to make money out of fees.
They don't actually have the skills to have that precise predictions.

Using other people's signals doesn't guarantee you to make a profit because they only predict if that will go somewhere. But the question, how if what they predict is not happen? That will need more attention to find out about what will happen in the market. Maybe they have skills to predict where the market wants to go, but they don't know what exactly will happen with the market. So it is better to analyze by yourself because at least you know what suppose you need to do if something goes wrong or you can combine their prediction with your analysis so you can find more clues to enter the market.

many have problems because if they only learn by themselves, the techniques they absorb will only become practical theories. Following the signal will enrich the analysis for orders because it is more precisely associated with an active market.
If the 4 signals given are only 2 correct, then we only need to study the accuracy patterns of the two signals, and then it will become a benchmark for independent analysis later, we only need to take something positive from the experience of others and must understand the risks as well.

I do not recommend following a trading signal. Maybe some will earn from it specially those who bought right away after the signal was announced but what about those who will buy 10 minutes later or 10 minutes after the announcement. If the coin is worth 0.0001 BTC when it was announced, after 10 minutes, that coin maybe worth 0.00015 BTC or even higher. Those who bought at 0.0001 BTC can sell it at that price already gaining 50% profits and what will happen to those who bought at 0.00016 BTC? They are going to be stuck holding that coin because they come in very late.

Those that follow signals do not really understand the market, if you were to look at how the most successful traders around the world became that way you will see that no one follows the signals generated by others, they have their own way to tell what they market will do and then when the market moves in that way they enter the market not caring about what anyone else thinks and until you can do that then you are not really a good trader.

Those that follow signals do not really understand the market, if you were to look at how the most successful traders around the world became that way you will see that no one follows the signals generated by others, they have their own way to tell what they market will do and then when the market moves in that way they enter the market not caring about what anyone else thinks and until you can do that then you are not really a good trader.

Because an accurate signal will never hit the market. What will hit the market are vague signals that are sold at a premium. These signals are coming from people who are not even experts themselves. These are people who are failing in trading even after they studied a lot about crypto trading. And to save these skills from becoming a total garbage, they are selling signals that are not really going to take place.

- Can be used to make you buy shitcoins and you become a shitcoin bag holder while the architects' sell orders get filled bu you.

- Can make you lose a ton of money when you have 100% confidence in them and yet the market decided to go in the different direction

Because an accurate signal will never hit the market. What will hit the market are vague signals that are sold at a premium. These signals are coming from people who are not even experts themselves. These are people who are failing in trading even after they studied a lot about crypto trading. And to save these skills from becoming a total garbage, they are selling signals that are not really going to take place.

Most of these signals are just b.s. being sold to people in order to clear up some bags the people running it are holding. It's pretty simple really. Let's say that they bought too much XSN(just an example here) and the price went down and hasn't recovered for a few days. So, they post a signal telling everyone to buy XSN and put in their sell order to make a little profit off of it. You're the ones stuck holding their bags in the end and more than likely aren't going to make your money back off of that trade for a while.

I look at trading signals as organized schemes to lure the gullible people into  a trap. Because it doesn't end in joy for the greedy. This signals are arranged in a way that make people trust them and dive in, which they end up making profits and leaving others in oblivion.

Trading is much more than just signals. It’s a life.
This is a theard for discussion about the risks involved in using trading signals that have become common in cryptocurrency trading. I would have posted this in Trading forum, but it’s more important that newbies see this. Knowing that after a few unsuccessful investments in cryptocurrencies, using trading signals seems to be the only ‘certain option to profit in the crypto world’. But this comes with huge risk. Risks that these ‘trading professionals’ won’t tell you about.

I always don't go that far.
I can see that all in Facebook and Twitter and also Telegram but it is just that it aint easy to believe them.
More like a black propaganda to me.
They make it look like they are many of them in a group but mostly it is just one person who have different account saying he agree with the other guy but the reality is not like that.
It is a scam but just not looked like it.
If I were you, I would really stay away from that.

It really doesn't make sense for people to follow blindly trading signals. I mean who are the people behind this group? And how can you trust that they are not putting you in jeopardy because we it's possible that they already put up their orders before giving you the signals, meaning they will generate profit more than you do. So I would suggest to just stay away with it, much better if you do your TA yourself. If you don't know TA then you hard to work your ass off and learn it, simply as that.

Many people fall victim of these trading signals.
These so called trading "Gururs" first earn money through paid subscriptions and then they first buy the coin themseleves and then pump it by giving a signal and that's the point where they sell it. Many new people in order to make it big in crypto trading start following such people and at then end get rekt.
One should be cautious of such groups.

maybe i called it as signal manipulation.they trying to convincing beginner trader with their trading signal,although we dont know actually they use screenshot from other traders.followers from this signal group will always rekt,cause they just be used by its admin.maybe learning how to analize chart and market will help us to improve our own skills.so we will not harmed by wrong signal from providers.If we dont do this i am sure we will not survive for long term.

Indeed. If you have no knowledge with particular business that you are in, there's no chance of surviving in the long run, you might find signals that luckily works for the short term but in reality it will only trapped you up and eventually you'll get to lose your investment. The best way is to be more realistic and keeps finding ways to improve your knowledge, being good in doing research and study advanced you up to anticipate what will the market is waiting ahead. Deal with your own understanding and not to keep dwelling with signal groups.

It is completely very bad idea to rely on the signal provider because most people will get into this trap and they will lose money. Even I tried to follow many signal providers but failed to make a penny because most of the signal provider will make a huge amount of money by providing the Signals.

I would stay far away from any signals groups to be honest. It will definitely not help you learn and it may even end up getting your money lost. If you want to make "side" money just put everything you were going to invest in signals, into an aggressive ETF, these are more legit. with signal groups even if they tell you when to buy AND when to sell, you're still looking at taking on huge amounts of risk. At the end of the day, you're sadly not leaning anything. also most are scams. You should be very selective in who you give your money to, and remember it is not just the cost of the subscription, you are also essentially giving them control over your account, and run the risk of them blowing out your account.

There are lots of social media groups regarding the trading signals. I won't say all of them are bad some of them does a very good market research and some times their price predictions come true. There are some groups who also target small volume coin and tries to manipulate the coin price.

In reality some trading signals are worked in crypto platform. But we can't say all the time come positive because everything is just a prediction. So we can think ourself and prepare the perfect manner, The current market is little easy to predict further pump and dump so own analysis will guide you most of the time.

While we should NOT trust the signals given by those groups, you will be surprised to know this guys also decide which coin to pump using TAs so that when they made an announcement, doing this it will get the attention of their members and would be members. I dont use this but sometimes I use it as a guide as to what coin will be pumped in a next couple of hours. I did not subscribe in any of those specially the paid ones.

I've been in various telegram group for a long time that providing free trading signals and all I can say it's not bad at all because I use their signals as a guide and do my own research before buying. It's risky but if you understand how it works then you can take this as an advantage and earn in a short-term trading.

Trading is much more than just signals. It’s a life.
This is a theard for discussion about the risks involved in using trading signals that have become common in cryptocurrency trading. I would have posted this in Trading forum, but it’s more important that newbies see this. Knowing that after a few unsuccessful investments in cryptocurrencies, using trading signals seems to be the only ‘certain option to profit in the crypto world’. But this comes with huge risk. Risks that these ‘trading professionals’ won’t tell you about.

I haven't use it so far. As per other comments on this thread, I'm scared to use trading signals. Its too risky to engage in that thing which has already bad feedbacks. So far, I'm still satisfied to do the traditional trading. If trading signals would give you chance to get higher returns but the rate of risk is so high as well, then its better to have little by little as long as its constant.

There are lots of social media groups regarding the trading signals. I won't say all of them are bad some of them does a very good market research and some times their price predictions come true. There are some groups who also target small volume coin and tries to manipulate the coin price.

We are on the same side, I always afraid to use or join a trading signal group. I prefer on my own knowledge than relying upon other hype groups that obviously some of them are fake. This might lead you to a sudden loss. Much better if you use tools in trading like autobot, this will probably help than joining the trading signal group that obviously they are intended to scam their member or hold your Bitcoin for long term only.

In reality some trading signals are worked in crypto platform. But we can't say all the time come positive because everything is just a prediction. So we can think ourself and prepare the perfect manner, The current market is little easy to predict further pump and dump so own analysis will guide you most of the time.

I am always very careful when following some of these signals so that I don’t get mislead and like we know, signals are from people like us also, maybe someone who feels he or she has gotten enough experience, it is not like there is anything special about that. So, I usually implore people that they should always try as much as possible to make sure that they develop themselves to that level too where they can always know on how to use technical analysis which is the base of these signal providers.

You should not rely or even trust the trading signals that you will be receiving from anyone because you don't know how they plot their entry and exit because it is not based on your knowledge and style. You should make a trading strategy by yourself so you will have no one to blame when things go wrong and you will improve if you will rely on yourself all the time through mistakes.

Some rich people do not want to stress themselves on things they aren't interested. I remember few years ago maybe 5 people asked me to handle a portion of their money. Either I can invest it short term and long term or to actively trade it in crypto or stocks or both. I always decline, I am not that good of a trader and investor. And I felt, I can be more focus when risking my own money. So I cannot really say anything bad on people paying someone to give them trading signals. It's for their own risk. I also tried it twice. The first guru was only good at the start and we ended in disaster. The second one I profited but I am hard headed and made my own strategic versions which didn't worked well. I then decided to take a break from trading. I only hold some coins and stocks but seldom do trades anymore.     

Trading is much more than just signals. It’s a life.
This is a theard for discussion about the risks involved in using trading signals that have become common in cryptocurrency trading. I would have posted this in Trading forum, but it’s more important that newbies see this. Knowing that after a few unsuccessful investments in cryptocurrencies, using trading signals seems to be the only ‘certain option to profit in the crypto world’. But this comes with huge risk. Risks that these ‘trading professionals’ won’t tell you about.

This issue has been mentioned many times and this transaction is only suitable for lazy people. They are just waiting for the opportunity to buy coins cheaply, but they don't know that behind it is a whole bunch of sharks waiting to be eaten.
This is an unreliable way to trade. It is very risky and easy to lose money.

only traders who have more experience will realize that such signals are just lies and should if there are signals like that don't be too trusted because usually the team behind the project will buy first and after that will sell coins quickly and make coins many traders on the signal become stuck at high prices.

If we are talking about signals that are sold on paid channels, then I completely agree, most of these channels are complete nonsense, where people lose their money. I personally prefer to analyze the market myself, read the news on various news portals( Neironix.io, cointelegraph etc.), tradingview analytics and make decisions ourselves, rather than pray for signals from closed paid groups.

If we are talking about signals that are sold on paid channels, then I completely agree, most of these channels are complete nonsense, where people lose their money. I personally prefer to analyze the market myself, read the news on various news portals( Neironix.io, cointelegraph etc.), tradingview analytics and make decisions ourselves, rather than pray for signals from closed paid groups.

In my opinion, an experienced trader will never turn to the help of signals, because he already has experience and knowledge in order to analyze the cryptocurrency market and take the right actions based on the findings.  You are really right that all signals are primarily in demand among beginners or not too experienced traders who want to get a good income thanks to information that is easily accessible and in their opinion is too important.  But I believe that the action of the signals is aimed at manipulating a significant mass of traders for the sake of certain people.  This is how some groups and communities of speculators manipulate the market.

Most don't have any specific analysis when giving signals and this is not recommended when participating in the crypto market. Now a lot of analytical lessons for you and can apply the knowledge you have learned when trading because if you have the knowledge you will never fail to trade. I never join signals on Telegram because their predictions are unclear and inaccurate.

Experiencing the same thing when im still trading up with Forex and stocks where there are really some individuals which do really likes for their funds to be handled by others and they do just like to get net income with it but of course i dont have that kind of confidence with my trading system which its always been risky for you to handle out funds
which even you cant be sure on what would be the outcome on monthly basis.

Trading is much more than just signals. It’s a life.
This is a theard for discussion about the risks involved in using trading signals that have become common in cryptocurrency trading. I would have posted this in Trading forum, but it’s more important that newbies see this. Knowing that after a few unsuccessful investments in cryptocurrencies, using trading signals seems to be the only ‘certain option to profit in the crypto world’. But this comes with huge risk. Risks that these ‘trading professionals’ won’t tell you about.

 I already posted on a different forum, so I’ll be quoting the post here so I don’t get tagged for copypasta. (https://cryptotalk.org/topic/19007-risk-in-using-trading-signals/)

whatever thos channel tradinng signals paying or free ;it can be  on sites internet and also telegram; not good and never trust any of him because they use traders or users who trust their fake signals or alert for making profit from other users like i sayed before. everyone must not follow or participe such those trading signals   

whatever thos channel tradinng signals paying or free ;it can be  on sites internet and also telegram; not good and never trust any of him because they use traders or users who trust their fake signals or alert for making profit from other users like i sayed before. everyone must not follow or participe such those trading signals   

All signals appearing at telegram usually don't have specific analysis for investors and the risk that it brings you is very large, so analyze yourself and make a more accurate decision. I have never followed any signal channel in this market because most of the signals they give have a failure rate of more than 80% and some coins may drop even more if market collapses.
It is not necessary for you to make a profit this way because there are many tutorials available on the internet right now and if you do your own research, you will greatly reduce the risks.

Most don't have any specific analysis when giving signals and this is not recommended when participating in the crypto market. Now a lot of analytical lessons for you and can apply the knowledge you have learned when trading because if you have the knowledge you will never fail to trade. I never join signals on Telegram because their predictions are unclear and inaccurate.

There are several paid trading signals group that explain their prediction with specifics analytical reason which is good for newbie to learn how to read the chart. But i think we can learn from the free source in the internet there are many of them. And also the bad site joining trading signals is we will be adicted and we don't have any skills to trade and we will always join them and paid the each month which is not good for our crypto career

whatever thos channel tradinng signals paying or free ;it can be  on sites internet and also telegram; not good and never trust any of him because they use traders or users who trust their fake signals or alert for making profit from other users like i sayed before. everyone must not follow or participe such those trading signals   

I have experienced points 2 and 3. and the initial signal I followed was point 3. Using a free signal, it was like fighting over a chair. because every admin gives information on pump coins. more than 1000 members make an instant buy. and the most unlucky is the last buyer. because prices are in the dump. then I thought, this is just the game admin signal that was bought before the information was revealed. after that I saw a paid signal. and it turns out the same as you said. it doesn't give a big profit. because signal professionals always take profits below 5%. it gives them an advantage because they use large funds. but for me it is very loss. because of the small funds. so at the moment I am sticking with my personal predictions. it's better, i can make a profit target above 10%

I have experienced points 2 and 3. and the initial signal I followed was point 3. Using a free signal, it was like fighting over a chair. because every admin gives information on pump coins. more than 1000 members make an instant buy. and the most unlucky is the last buyer. because prices are in the dump. then I thought, this is just the game admin signal that was bought before the information was revealed. after that I saw a paid signal. and it turns out the same as you said. it doesn't give a big profit. because signal professionals always take profits below 5%. it gives them an advantage because they use large funds. but for me it is very loss. because of the small funds. so at the moment I am sticking with my personal predictions. it's better, i can make a profit target above 10%

Trading is much more than just signals. It’s a life.
This is a theard for discussion about the risks involved in using trading signals that have become common in cryptocurrency trading. I would have posted this in Trading forum, but it’s more important that newbies see this. Knowing that after a few unsuccessful investments in cryptocurrencies, using trading signals seems to be the only ‘certain option to profit in the crypto world’. But this comes with huge risk. Risks that these ‘trading professionals’ won’t tell you about.

 I already posted on a different forum, so I’ll be quoting the post here so I don’t get tagged for copypasta. (https://cryptotalk.org/topic/19007-risk-in-using-trading-signals/)

Yup, I've followed some signals but now no more. it must be very careful and need further research. no need for all crypto signals to be followed. because there are some crypto signal groups that only drive FOMO. we never know since when they bought the coin and at what price they have bought. remember risk management in the world of trading.

Hey! I think if you don't have enough time on your hands, trading signals can be extremely useful. However, it's imperative that if you do sign up for a trading signals platform that you use the right one (i.e not a scam).

And how will the person know if the signal provider is good or not? The signal provider may get it right a few times and the person may believe that the signal provider will be doing a good job. What people should do is study technical and fundamental analysis and do their own price analysis and forecasting.

In the Cryptocurrency space, nobody is out to hand you free cash for nothing, some people see free signals groups and they join without even asking themselves why it was created in the first place, for charity? I highly doubt that would be the answer if they bother to ask, people always wants to make easy money and would do almost anything to get it without thinking of the repercussions.

As for the paid signals groups, they evidently are not doing it for charity but have you stopped to ask yourself why they would be collecting that kind of small amounts from you when they have all the knowledge in the trading world? They could simply have used the funds they have to multiply their cash by buying all the best coin and making huge profits daily, without having to carry anyone along too.

We already know about trading signals but like or not some people get lucky use this method. Nothing wrong when people use this method because this is their money their account their life. For people who want to learn very detail please don't use trading signal, try demo account take risk make time to fix your mistakes and keep going. Honestly people can do any strategy they like, as long they can take the risk and keep profit everything fine.

Trading is much more than just signals. It’s a life.
This is a theard for discussion about the risks involved in using trading signals that have become common in cryptocurrency trading. I would have posted this in Trading forum, but it’s more important that newbies see this. Knowing that after a few unsuccessful investments in cryptocurrencies, using trading signals seems to be the only ‘certain option to profit in the crypto world’. But this comes with huge risk. Risks that these ‘trading professionals’ won’t tell you about.

When you begin to think about it it doesn't really make sense, but newbies never think about this, they are completely blinded by their greed and by their desire to make money that they do not really think through what they are doing and when you add that they do not have any knowledge about how to trade any market then scammers have a very easy time to deceive them and taking their money, it is quite sad but if you do not want to learn by reading you will have to learn by experience which is many times more painful.

Fake gurus and mentors are all over in the market, they keep giving an wrong information and ideas. Most of newbies are encourage to follow and listen to fake gurus because of their greed. The still not have enough information how the market works. But I'm sure that those people who have signal group will regret their decisions.

This issue has been mentioned many times and this transaction is only suitable for lazy people. They are just waiting for the opportunity to buy coins cheaply, but they don't know that behind it is a whole bunch of sharks waiting to be eaten.
This is an unreliable way to trade. It is very risky and easy to lose money.

Why do you so categorically call these people lazy. I know the number of people who have earned their money by hard work, and later they don’t want to spend time studying trading, they are ready to give part of their money to get good signals. Indeed, in this way they save their time, which they spend on making money elsewhere.There are lazy people, it is obvious that they fall into the traps of scammers most often.
But do not generalize so much, it is not ethical.

Fake gurus and mentors are all over in the market, they keep giving an wrong information and ideas. Most of newbies are encourage to follow and listen to fake gurus because of their greed. The still not have enough information how the market works. But I'm sure that those people who have signal group will regret their decisions.

When we relied on signals or some groups who shares their specific analysis, you won't be able to decide for certain actions. You might fall on wrong moves which eventually unpredictable, because some certain cases will divert. Your expectations will not meet the reality of the situation, and if signals will be the reference for every matter of perspectives we won't achieve our goals.
Always do more research and study deeply how the market changes the pattern, because someday it's worth for our hardwork.

and actually, if a group of analyst giving their trading signals to their member which could possibly amount thousands it will definitely alter what they initially predicted and create some kind of artificial pump and dump because many people are buying or selling at the same time which could be taken advantage of by the anaylst that have these trading signal service. People should actually take that into consideration before even joining any these so called premium trading signals.

We already discuss this and I believe most of us agree to leave trading signal. Trader must use their own skill to built the best performance face market in every condition. Learn and practice is not easy but use signal will make you bankrupt.

We already discuss this and I believe most of us agree to leave trading signal. Trader must use their own skill to built the best performance face market in every condition. Learn and practice is not easy but use signal will make you bankrupt.

we dont need to totally abandoned the signals instead we will use them as basis of our research,let us not forget that some of them has potential so with their signal and our knowledge combined?there is a chance of profiting right?

we dont need to totally abandoned the signals instead we will use them as basis of our research,let us not forget that some of them has potential so with their signal and our knowledge combined?there is a chance of profiting right?

I keep telling people that there is no easy money. You have to learn and the trade for yourself. Trade signals;
- Can be used to Scam you by paying for "premium signals" which are even non-existent
- Can make you lose a ton of money when you have 100% confidence in them and yet the market decided to go in the different direction
- Can be used to make you buy shitcoins and you become a shitcoin bag holder while the architects' sell orders get filled bu you.
- Can be used to make you participate in a pump and dump scheme unknowingly.

It's lazy people who don't want to learn how to trade who usually fall for trade signal scams.

Trading is much more than just signals. It’s a life.
This is a theard for discussion about the risks involved in using trading signals that have become common in cryptocurrency trading. I would have posted this in Trading forum, but it’s more important that newbies see this. Knowing that after a few unsuccessful investments in cryptocurrencies, using trading signals seems to be the only ‘certain option to profit in the crypto world’. But this comes with huge risk. Risks that these ‘trading professionals’ won’t tell you about.



- Take responsibility by making decisions yourself.
- Learn Risk Management Skills.
- Understand the process of cryptocurrency trading.
- Build your Trading Career.
 

Trading is more than just a signal, it’s a career. So you have to build it.

Basis for what? Why the price of the token went up on that day because a certain signal group agreed to pump that token and dump? I would rather keep a record of those tokens that prices went up without the help of a signal group. I want to see which token has grown organically and not using artificial way to pump the price. If the project is really good, price will go up, naturally.

It is not always that way. Trading based on a signal will not make you bankrupt most of the time because there are still signal groups online that are giving good trading signals. It is still better to rely on yourself rather than to others because when you master the way of trading then you can easily surpass the potential gains that the signals offer.

I really enjoyed this last sentence. It is for lazy people to learn and analyze techniques. Many people appear in this market just to hear the signals of professional traders but they do not have any knowledge of trading. This is really a very wrong thinking of freeloaders and lazy people. Hopefully after this article many people will wake up and spend more time getting serious with this work. Trading is really an interesting job if we learn more about it.

If having a losing trade after losing trade and losing money that they cannot really afford to lose does not wake them up then I am not really positive that an article on an Internet forum is going to be enough to make people to change their believes about the markets, it may seem weird but people prefer to lose their money doing things their way than to admit their mistake and try everything that they can in order to change those senseless mistakes.

We should avoid trading any assets with less trading volume because the prices can be easily manipulated for that bump and dump groups will be enough.When a token follow this way then the end of that project's potential is not too far, sometimes it happens with the good projects as well but not every project which has good idea doesn't need to be successful so be smart as trader and don't trust these shitty groups which will trap you at one point.

These pump and dump groups are played by whales. Due to the fact that they influential in the market it is easy for them to take noob as their prey. Following signals in trading is really high risk and the big possibility of losing that is why most traders won't make this as a helping tool to become profitable and succeed in trading cause most signal users are suffering loose ends.

Agreed, these pump and dumping groups were used as a manipulative tool by the whales who always tries to make use of the market according to their needs. This is possible to certain level, and to attain the same various tactics were played, and what we experience out of the trading signals is one way. Apart from this practices like negative news circulation, hacks and some panic statements will be revealed without any perfect data.

I believe that almost every cryptocurrency user who has been engaged in this activity for a considerable time and has experience in cryptocurrency trading knows that any trading signals do not give the desired result.  At least the existence of these signals has only one purpose, which is aimed at ensuring that specific people or groups of traders get the benefit, and not the user who decided to use the information for a successful transaction.  I have never seen information that someone really talked about the results obtained thanks to the signals, and all such discussions not only raise doubts, but are also aimed at drawing attention to these trading signals.

I keep telling people that there is no easy money. You have to learn and the trade for yourself. Trade signals;
- Can be used to Scam you by paying for "premium signals" which are even non-existent
- Can make you lose a ton of money when you have 100% confidence in them and yet the market decided to go in the different direction
- Can be used to make you buy shitcoins and you become a shitcoin bag holder while the architects' sell orders get filled bu you.
- Can be used to make you participate in a pump and dump scheme unknowingly.

It's lazy people who don't want to learn how to trade who usually fall for trade signal scams.

Depending on the signal provider, some trading signals seem reliable, while most are actually not. The risk of using trading signals solely depends on the individual. I think analyzing the market yourself is the best, so, as to differentiate between good and bad signals.

Depending on the signal provider, some trading signals seem reliable, while most are actually not. The risk of using trading signals solely depends on the individual. I think analyzing the market yourself is the best, so, as to differentiate between good and bad signals.

I have joined some trading signals and they seems legit , and sometimes helpful , why sometimes? Because there are times that they send signals too delay , but the only risk is the delay of time you need to monitor keenly the coins for you to sell in a good timing and price.

Agreed, these pump and dumping groups were used as a manipulative tool by the whales who always tries to make use of the market according to their needs. This is possible to certain level, and to attain the same various tactics were played, and what we experience out of the trading signals is one way. Apart from this practices like negative news circulation, hacks and some panic statements will be revealed without any perfect data.