Bitcoin Forum

If you must follow or use the services of trading signals which is not bad in itself you should do so smartly. By smartly, I mean that at the beginning it is all about following and understanding the thinking process behind those signals and learning everyday. If you insist on using them, do not do so blindly, validate each signal provider by putting in the work. Record their past four to six months' trades on a spreadsheet and check them on historical charts. After you have done this, you may now proceed to choosing the ones consistently in profit despite their losing trades. The advantage is that they will help you reduce your time spent in analysis. This is one of the best ways to make  use of or follow trading signals channels or services. What is your opinion?

The best that a trader can do is to never depend on signals. The best thing that a trader can do for himself is to learn, have knowledge and experience about trading even if he wants to use a signal or not.

As for me, I do not use signal because I know that the signal providers are only looking for ways to enrish their own pocket and nothing more.

If a trader follow the right thing to do in trading and not greedy, he will make money from it.

What is the benefit of buying trading signals, and you will do your own research and verify them, and you may modify them or even avoid trusting them. Trading signals are for those who cannot trust their decisions, so they buy or follow them, and if you do not trust your abilities, do not trade in the first place. It can be said that the trading signals (if they are free) are part of your investment plan, as you search from that signal, but the paid signals are a loss of money. The business of selling trading signals is akin to the science of human development, they promise to make you feel good but all they do is sell dreams.

I definitely agree with you.

Trading using signals from signal providers are not profitable in the long run.

Because if suddenly the trading signal providers just stopped their service, the profit will also stop to those who are availing their service most of the time. Self study is the best because the knowledge will be engraved in your brain forever, no fees or whatsoever. Being independent is so much better rather than trusting your future to other people.

Since the beginning of my trading career, I haven't tried paying for trading signal services. I've seen that the most of them aren't really profitable because the majority of their indications fail to materialize. Most of them are only interested in making money off of other people. Other than that, risk management is highly important in preserving the funds in trading, but if the signals have a very low winning rate, your capital will be liquidated in the end. So, if you're going to trade using signals, make sure the person is profitable.

My opinion is that those who use signal groups only identify one advantage and that is the one you already mentioned. Other than that nothing else looks positive to me about copying trade. Someone who is sure of profit may not sell his money to other persons because that is what it appears to allow someone copy you off your trade even though you are also gaining or losing separately. My opinion is that most traders make losses likewise those running copy trading channels, what then is the point to copy someone's losses.

If you are smart, you won't use trading signal services as you can learn trading knowledge, indicators, technical & fundamental analysis and psychology cycles of market.

If you can use free trading signal groups to support your learning, it's helpful and I guess you are referring about that. If you use trading signal groups with different ways and not for learning, you will be more dependent on those groups and even after months and years, you will not gain any knowledge.

It is good way to learn trading but most of people who use and rely on trading signals will not care to learn as that. It takes a lot of time and high discipline to check results of trading signals. I am sure not many people are ready to do those steps and can complete their tracking process.

I appreciate your guide as it can be helpful for newbies who can complete these steps and for such newbies, if they see your topic, it will be a gift for them.

Past is past, present is present and future is future.

You can't just think the signal that work in the past will work in the future, it's really naive. This is not Bitcoin halving where we will see this event every 4 years and after a year we will see a bull season. Signal isn't something that can be predictable like Bitcoin bull season because there are many unpredictable could happen.

I read a topic on Beginners & Help by thecryptovator that might be relevant on this discussion. You read the topic here https://bitcointalk.org/index.php?topic=5463632.0 as reference.

The winning rate record of some trading signals is manipulated by making 2 predictions both sides and deleting the prediction that went weong and remains the right predictions to make a solid success rate on trade.

Yes analysing the trades can really help to get more profits each time you trade. Also if you check the history of their win percentage, of the source that you are following, then it will make you more confident and you can get more idea about the trades. But many times I have seen newbie treat these signals to do copy trade and blindly follow the calls. If they get profits, they are good, but if bychance they make losses, they starts complaining. It’s only the main reason.

If at all copy trade is to be followed, it is not suppose to be for newbies. Copy trading is suppose to be for an experienced trader who perhaps want to better his own trade and so he could be doing a comparison with what he is following and what he is also seeing in the chart of his trade. If they correspond then he could take a bigger risk or at most be sure that the trade would turn out in his favour. But a newbie barely knows nothing nor how to analyse the trade he is following, he would just take anything in and most times it is in lose because he won't be doing a comparison check.

Often trading signals are delayed, and by following them, you risk buying at the highest price. Speculators are well aware of such signals - they play well on the crowd's moods. Therefore, it is better to follow your own analysis and do not give in to the provocations of signal providers.

Most people using the trading signals,but it’s not the recommended one by the experienced traders.Instead of following others strategy,you can build your own strategies.Some signal providers will target some users and sell their holding at good price.When they give you some buying price,it mean they going to sell their long holding coin at that price.When they ask to buy means,they are going to sell their holding coin with some profit at that price.The trade with loss teach you more lesson by your own strategy.

Im with this but we know that majority of those people who had decided on going with follow trades are the ones who do really likes on having that kind of automation on which they dont really put up much effort with trading and this is why they do came up with this kind of option on which they wont really be bothering theirselves on making those manual trades.Usually newbies who dont have experience and knowledge about trading would came up with this kind of option.It isnt really that bad at all but you should really be that wary and be sensible that you should really be knowing things along the way. Nothing beats out if you do know trading
with your own skills and snipping out some ideas and analysis into those people above which you could eventually apply it on your own.

You know that it wont really be that something worth if you do 100% rely with those copy trading services or to those people who are offering such thing. You could really check out
about a traders statistics which it is really that right. You would see whether this fella is really that sustaining or just simply profitable on a certain short frame. Seeing on
6 months or more and checking it out wont really be that a bad idea at all.

Not sure about trading signals though, if it's free then yeah maybe, why not subscribe to them and see how good their signals are. However, if they are going to charge you with huge money like monthly fees, I would stay away from that signal.

Just remember that there is no exact science in trading, it's either you are going to get lucky and win and lose some trades. It will not be always on the winning side or profits regardless of what pattern or used the services of trading signals.

In the OP it said that you can use the trading signals providers as a way to learn how they analyze the movement of the market, so I disagree to never depend on signals when you can learn from them, and OP clearly stated that you can always compare their statistics to see which one you can benefit from the most, not everyone has to be a stereotypical trader that only relies on his/her wits and analytical thinking to do trading if there are tools that might be able to help you, shouldn't everyone at the least try them to see if it really does help them right?

This is a more sensible option than just trusting those signals out of the gate and putting money behind each one of the signals you receive, but you must understand that signals are geared towards a specific kind of person, and the kind of trader which could use those signals is not interested in waiting for six months and do all of that work just to verify if the signals are legitimate, in fact that is the kind of work they want to avoid by the use of signals, and as such they will never listen to your suggestions even if they are reasonable.

If I have to follow a trading signal service, I need to know how to use those signals. They give the signal and maybe when we enter the market, the signal given is a bit late because the market is already moving.

But if we can analyze it ourselves, we will find other moments that can lead us to determine when we can go to the market. So from the trading signals we get, we can analyze them again so they can work well for us and provide profit opportunities. But people will immediately use the trading signal without analyzing or seeing how the market moves. They think fast so they don't miss taking advantage of the moment from the given trading signal.

The time when the trading signal is given will be different when we receive it and maybe we are a bit late in executing it. So that's why we also have to have analytical skills so we don't depend on those trading signals.

I once followed the trading signal channel. they also provide a little knowledge regarding how they analyze until they finally determine a good trading position.
indeed not all signals will be successful, however experts also cannot be 100% correct in analyzing the market. but I see, from the several signals that are shared there will be 1 or two that are indeed successful. and some have failed.
after getting the trading signal that is shared, in fact we also have to validate it to ensure the accuracy of the signal. I wouldn't say all trading signals are good or bad. we can judge whether it is for their benefit or indeed distribute it to their members. either paid or free.

After you do this still it won't make you a better trader or give you any experience from trading. If you can spend time observing others trade record then you can spend time analyzing the market yourself. At first it might look boring but the more you do it the easier it gets and entertaining it'll be for you and you'll love analyzing the market so instead of running away from it, I'll advice you start making your own analysis today and learn trading well.

When you start listening to others judgement on the market you're already blindly following them as you didn't know how they came about the trade signals and you'll not learn anything from the trade if it didn't go as planned, depending on signals isn't the best way to trade.

Following trading is really not bad unless you just do it blindly, like they say you will do without full understanding. You have a point, like validating it before making an entry, because that is where you learn, and that is when you'll decide to trade on your own. There are really times that you want to copy other traders just to give you an idea, like when writing an essay. You need to have an idea first before you can start out or know where to start, but that doesn't mean that you just rely on it.

I always want it whenever someone is trying something out, they should have a good understanding of how the things work. For instance, anyone relying on signals should atleast know the market and charts, this will help the person to validate any signal they recieved. Someone who does know about trading will blindly follow signals and the ending will be an inevitable lose.

I remember when I lost thousands of dollars in acquiring and funding forex trading bot. I do not understand fully well how the forex market works and I could not control the bot. The bot ran on a very high leverage and blew my accounts several times. Someone who has good knowledge of the market would have made a better use of the bot.

I can not try anything related to signals, they are there to only make money from you and not about you making money.  There is nothing that a newbie trader wants to learn from signal providers than for him to be lazy and never learn but to be dependent on them until he realized that he is failing to make money from trading and later decided to learn.

I do not use any trading signal service neither am I in any trading telegram group. I haven't heard any good thing spoken off about trading signal groups. It has always been negative news, from members being scammed, dropping wrong signals and many other terrible things.

You enjoy trading when you trade yourself based on your own analysis, knowledge and style. The money you make from it will make you happy and even if you lose money at least you are not losing to someone else signals. As it has been said a million times, trading makes you a better and more experienced trader.

Why follow trading signals? If you want to trade and make money, then do the analysis yourself and be your own signal provider. I do see lots of groups on Telegram claiming they are providing signals, most of them only know the basics of trading, but they will start providing signals just to earn money, and people will pay for the fake signal. I see no reason why we won’t be able to dedicate our time to learning about what we are planning to be earning from. If you are a trader, you need to have passion for it, and your aim shouldn’t be to make money alone.

Some people don’t even know how to validate a signal given to them, they just follow it blindly. Most people that I notice that do follow trading signals are people that are trading just because they heard from their friends that they are making money from trading, then they also decide to jump into trading without having the basic knowledge required, and they will end up looking for signals.

Most of those signals are being paid for, don’t you think it’s a total waste of money? You have to recheck the signal and do your analysis again. Why don’t you just do your analysis from the beginning and follow it without paying anyone for that? It sounds somehow like you will pay for a signal, then you will re-analyse the signal.

I don't think there is a necessity to follow trading signals. maybe it will be quite helpful for those who lack skills in trading analysis. but to be honest it won't develop us.
even there are trading signals that are paid, no one will guarantee the success of the signals given. which is taken into consideration, ultimately also returns to us to carry out a more in-depth analysis of the signal given. and if you have been suggested by some successful initial signals, you may neglect to do more in-depth analysis and just follow the signals as they are.

Although only a few of those channels are real and you are unlikely to even know the real one unless by luck, a trader must learn to even rely on their trading decision and strategy and even learn more trading strategy.

Recently, there was also a warning from one reputable member (the cryptovator) regarding the trickery of these signal providers. Here in the trading discussion board, such a topic is much needed. You can read it below.

Trading signal channels can be quite clever, so exercise caution ! (https://bitcointalk.org/index.php?topic=5463632.0)

Well, my opinion is, don't rely on signals. It is easy to follow or copy other's work and trade. But at this point, you are not trading. You are gambling. It becomes a 50/50 chance on win or loosing trade. And the worst thing is, you learn nothing from following signals. Unless, you are analyzing it on your own and comparing it with the signal. But using multiple services and comparing them with each other can increase the success rate of winning trades. You can verify correctly which is providing the best and most accurate results.

But as I said, never become dependent on it. It will lead to nothing but loss. Use it as a learning method. That will help you learn and give the best outcome for the future.

Literally gambling since you are really just following others signals and trading analysis on which you cant be sure whether it would be profitable or not. This is why its never been recommendable i would say.

If you do have plans on making yourself as a good trader then you should not really take this path on which making yourself that go with that easy go lucky kind of approach on your trading style
because copying someone is never been that a good thing on your part, not only on the sense that outcomes or results wouldnt be assured but you would definitely be having that kind of regret on the time
that you would really be that suffering huge losses just because you had copied someone. Unlike if you do make use of your own analysis and trading approach then the feeling of regret wont really be that bad since you are already accepting that you do made out a mistake and not something regrettable on your part.

Dont trust up on those signals and better start and trust your own analysis rather than on making yourself that heavily reliant with other calls and signals which it doesnt even assure
that you would be having that good winning or profitable rate.

You will be able to make analysis faster than the first time you try to do it as you continue practicing. A new trader does not need to be afraid of long time involved with proper analysis, they should be able to devote their time to learn and become better, than jumping the process. It is better you take long time on your own and make correct analysis, than be in a rush and make mistakes. Speed should not be the focus, accuracy should be.

It will be good for the signals from signal groups that you get to be what you use to confirm your analysis. If they tally with what you have analyzed, then there is a better chance for a better outcome, but if they do not tally, then it raises your awareness to double check to find out who is wrong, if you are the wrong one or the signal group is.

What are you referring those free signals come from other people or come from the technical analysis with the strategy you are using in the tradingviews for example?, for me its consist of combination of those, with your knowledge coming from your research you can execute those and if you see the other peoples experience you can use those trades they made and prevent mistakes like they've been use before, also in trading there's a lot of signals, indicators you can use so you can identify with the next price movement, ideal to listen too came from experience but not as always to follow other people to prevent blames from those positions. Ride if you are sure and skip if you doubt.

This will be helpful if everyone follows this procedure before trading. Newbies will just jump into trading blindly, following the signals they were given without having any basic knowledge about crypto trading.

The best trading signal is to have a basic understanding of cryptocurrency and Bitcoin so that while following signals you will know what is right and what is wrong and you will be able to understand the market movement.

This is what most people don't understand. When you learn to lose and identify your mistakes, only then you can work on those mistakes. If you are just copying or following others, you will not be able to identify your mistake. Worst case scenario, you will be blaming them for your losses. What will you do then? Move on to someone else? This is the mistake that they have been doing and learning nothing about real trading. This will lead them to their doom.

For the best experience and to achieve success, learning it on our own is the best option. We can not be the best version of ourselves unless we rely only on ourselves. The more we follow others, the more we will become dependent on them. The moment they are gone, we are left with nothing. This is why learning it from the ground up is our only option.

I always say that people who use trading signals to trade are not classified among professional traders because these people don’t even know how trading works, and if they do, they won’t use trading signals. However, all this is happening due to greed; they are too greedy, and we all know greed has no favour. People who come up with these trading signals are hiding their losses to convince people to join in the run and to feed their pockets, so don’t even think of using trading signals to trade. Find a way to learn trading on your own, and you will earn money on trading. I can see you are about to come up with an idea on how to follow trading signals. I will advise you to trade on your own signals, which may not function properly sometimes.

Instead of collecting all the information about their trades, why not try to learn on your own?
Analyzing all those data will already require so much time, and you won't even know how to trade afterwards.
So yes, it is better to learn those baby steps in trading rather than relying those people who are giving trading signals.
You can't learn how exactly trading works if you would just follow their suggestions. They are also humans who are relying on their instincts.
So would be advisable to learn the ropes in trading on your own, as you can use it later on when you want to make a living out of this activity.

they also work to get a lot of followers and if it's wrong then there is no responsibility towards it, therefore learning gradually even though it takes a long time is not a problem, moreover we can learn to manage psychology by learning to be patient, when the time comes then we will face the market face to face real and just adapt to the real market. no success is achieved instantly, so we must be aware of it first before trading real

This is such a great way to look at it, this is the perspective that people needs and I think it should be important to make as much profit from it as you possibly could. I am not saying that it will be simple, but that doesn't mean that you are going to end up with a great result just because you copied someone great. You could copy them for a while and what happens if they leave? You are going to bet all your money on the future of some other person helping you?

I absolutely would not suggest that at all. Everyone should learn to trade themselves, that would be much better for everyone without a doubt. In order to make it happen, you need to reach to a point where you could make as much profit as you possibly could.

While it’s helpful to follow trading signals particularly those that are given by professional traders, but on the other hand the risk of losing is also high as you might end up being scammed because you fall on fake signal providers. This is what mostly happening especially for beginner traders as they tend to satisfy their greed first by taking the free hassle method, that is relying their trades from signal providers. As a result, when these signal providers suddenly gone, they will also lose the chance to become profitable from their trades. That’s why trading on your own is the best solution not to fall from scams and ineffective trading tricks.

Trading signals are mostly unreliable since no one is smart enough to make right predictions in a very unpredictable market. So I don’t suggest following those market trading signals regardless if they come from authentic signal providers or not. Instead, do your own diligence to learn in trading. That way, even if you experience consistent losses from your initial trades, that is just normal, as long as you’ve gained lessons from your losses. And just keep doing the right thing in trading, eventually you’ll improve your knowledge and skills, and make you a profitable trader in the end.

I think the risk is still the same, but for fraud to be carried out, it depends on the signal provider, sometimes it does or doesn't.
Most of them are new traders who don't have knowledge or are not confident so they decide to follow signals from other people, I think it's also likely the same but it would be nice while we learn so that we can finally decide to follow signals from the trust and knowledge we have we have, losing due to signals from other people and our own choices is different, even though we are both losing money, the impact we get is different, so it is recommended that we learn about trading and do it ourselves.

Trading has both profits and losses. If you only focus on profits, your emotions will influence your judgment. You are not wrong about making profits, but you need to learn to lose too. If you think about profit even before you start, you will never get profit. Instead, you will be making losses. Learn the process first. In this learning process, you will make losses. That doesn't mean you should give up on it.

Learn the process and learn to lose. When you master it, you will be making more than what you have lost. It's a process and you have to trust it. Only then you can become a good trader.

Of course, there are both gains and losses in the cryptocurrency market. We should always consider the pros and cons before making any decision. In any business we do, our first priority is to make a profit. Chances of loss are everywhere but our effort and hard work means to minimize the chance of loss and maximize the chance of profit. You are right that we should learn the trade first and in the process of learning we may face losses. When learning we should always trade with very small amounts. So that in case of loss we have more capital safe. Mistakes happen while learning but we should learn from our mistakes and try to make our profit rate better than our loss rate.

Well that's exactly right, in terms of risk it's the same. But it is true that this can help traders a little to expand their trading, and also those who choose to use copytrading are mostly from beginners who have just entered the world of trading, of course they choose this because on the other hand they do not have much knowledge as a trader and all they think about is just a profit without doing some market research or anything like learning from a mistake to be a little more advanced and create their own strategy. On the other hand I think it helps them a lot but I would say that it's not a good option for them to do on an ongoing basis. It will make them a loser trader who can only depend on others. I hope they will think about this, if they want to be a successful trader then they should go through the process that most people go through, because there is a lot we can refer to when we do it ourselves. Such as preparing their trading plan, setting stop loses, take profits and also creating various accurate strategies, all of which they can only get when they are willing to learn from a mistake. If they only depend on others then it is difficult for them to develop.

In every trade, profit and loss are 2 things that will always go hand in hand and cannot be separated. I agree with you that what we are really preparing for is not getting profits, but we must be prepared to lose.
Also keep in mind that, we will not always be profitable and will definitely feel a loss, but on the contrary we will continue to lose without feeling a profit. Yes that will happen when we trade without knowledge, and even if we get a profit it is luck in my opinion if we trade without knowledge.

Ok now back to the topic, I would not advise someone to trade with signals, even if it's the only thing that can be done, I wonder what kind of situation can make someone in a situation of one choice only?

Maybe they process things manually? Even though the signals are great, it might still not work because of the delay. We can skip this and look for the automated ones but we can expect that they are not free. Well if you can afford it, why not? Maybe you can still recover what you paid for and make extra later on.

But, the last thing that you said is still the best. Nothing beats with our own instincts and I think it doesn't matter if it's a lose or a win because at least we know that we tried our best plus there is a room for improvement. And like you said, trading could work better against a crowd. I think that is true because it's not possible that many traders are going to win (make profit) compared to the losers.

Following someone in terms of the trading recommendations or tips and analysis isnt that bad but of course you do really have that kind of risks on which it would really be leading into regret if you arent really that

mindful about the possibilities with those trading positions might be resulting into negative which would really be leading into that deep regret afterwards.Just like the rest been saying that nothing beats out if you
are really that depending or relying with your own analysis which could be done manually. We could eventually make use of those indicators and tools which those people or traders been using too on providing
with those signals and trading positions. It is really just that there are people who are really just that too lazy on dealing up with something and this is why they do decide that they would be following someone instead.

In overall, its up to your decision whether you would be paying up something on getting those signals or would really be definitely be depending on your own skills and wont really be paying up something.
It wont really be that worth i should say and its really not that different comparing with your own trading approaches too.

Trading signals are not accurate and are not reliable in most of the time. With how the market looks very volatile and uncertain, even trading signals from veterans or professionals still fail in the end, that’s why never rely on it if you aim not to experience consistent losses from your trades. Although there might be some trading signals that let you win in the start, but know that it won’t be happening forever. Probably you’re just lucky at first, but still end up losing just like any other traders that rely from paid or even free trading signals.

I wonder how many of those signal groups actually predicted the price of bitcoin will go down when it did? As that is the kind of movement that can produce massive profits if you know that is coming beforehand, however I am sure that almost no signals group predicted this will happen, and the ones that can claim that they did are either lying or simply got lucky, with this in mind it is necessary that people stop daydreaming, trading is difficult and anyone that wants to make money with it has no other option but to study it for months.

Using signals for cryptocurrency trading is not advisable as a traders who want to go far in profits making in the market, because those that addicted to trading signal always find it difficult to earn well like the way other experience traders are earning in the market. Acquiring crypto knowledge to know how to trade by yourself in the market will really help you to reduce losses in trading, because with the trading knowledge you have, you will be able to know when to trade to avoid losses in the market which is the major challenges many crypto traders signals are facing in the community. Now that the price of cryptocurrency has decreased more in the market, it will be favourable if traders can continue holding for the price to increase higher before they can trade in the market.

I'm not sure that following trading signals can be addictive. maybe luck will come in 1 or 2 profitable trades. but the trades that are made will not always be profitable. even if the person making the signal is a real professional.
signals make it easier for beginners to be able to trade and even get profits. but everything will definitely have a price. if the signal given is a trade with a really good asset, maybe it can still be followed. but if it later refers to shitcoin, just be careful. this could be a booby-trapped scheme being carried out.

It is not enough just to analyze the market, it is much more important to find profitable deals that will bring good profits. It is true that you must learn to look for these trades yourself, if you only follow someone's instructions, then this will not teach you anything and you will not be able to understand what was the reason for the loss on a losing trade, you will not be able to analyze mistakes and gain experience. It all loses any meaning, because you will not be able to achieve anything in trading.

If you must follow those trading signals providers, then you are bound to lose your capital. That’s probably the reality in trying to rely from those trading signals because you think that will ensure profitable trades.

There are no guaranteed profits in trading. Even professional traders lose from their well planned trades, so how much more for those beginner traders who are trying to make shortcuts and just rely their trades on other people? Trading is all about learning. The success of your trades will greatly depend on how you follow the rules in trading and on how you put some risk management into your trades.

The most difficult thing is to determine which channel really provides a quality signal and educates its subscribers very well. Because of the 10 paid telegram channels that provide trading signals, in my opinion, there are only 2 to 3 channels that are actually managed by people who are really good at analysis. And the rest they are just good at scribbling on charts and speculating and tricking newbies. I used to learn from many paid signal channels. From cheap to expensive. I do not take the signal they share. But I studied the analyzes they practiced to make signals. And yes, I get a lot of lessons from these channels. so that finally I can make my own analysis and develop it. The point is that we enter the paid signal group not because we want to be spoiled by the signals that are shared to save our time. But we enter paid signal channels with the intention of studying the analysis they use. But if we are busy people and we have found a paid signal channel that is very trustworthy, then it really doesn't hurt for us to depend a little on them. But I personally am not a busy person. Because I am a day trader, my activities are indeed spent on analysis and trading.

This may be true because you only need to follow what is mentioned in the signal by first studying it but the drawback is that you will become choked on trading skills because it will gradually depend on the signal. The best thing traders should do is never rely on such a thing because like you it can be wrong than the signal too, but the mistakes you make will add to your trading skills because doing all trading with your own analysis.
Another thing I think spending money to join signals with no certainty of profit is another loss.

Well, that's reasonable. Regardless of how good or profitable your trading signal provider is, if you don't know how to follow their plan, their risk management, their speed on execution on trades, then you'll gonna lose. Sometimes those small deviations or changes on their signals makes other people lose because they are simply not following it. They're not taking profit when the signal said so, they are extending their stoploss so they lose more hoping for their position to turn on their favor.

Trading is not actually relying from someone’s trades, but it’s simply learning on your own so you will understand how to navigate your trades despite of the market’s high volatility. Because if you keep following those trading signals providers, aside that you are not growing on your own, you will never learn too from your own experience in trading since you copy other traders experiences. That is why I don’t encourage people to follow these trading signals, they’re not accurate and they will only increase the chance to lose. Instead, go trade on yourself. Don’t mind your losses as they can be your gateway to success in the future.

This something means that you arent that knowledgeable or you are missing out yourself on learning with those basic fundamentals on which you should really be learning despite on making yourself following someone or into those providers.Its true that profitability will really be that affected if you do miss out on taking some actions on which had been mandated specially if the position is already on the positive or green/gaining side but since you do find out yourself that being greedy then you would be skipping out such instruction and you would really be going further until correction do hit up hardly on your face then this is where you would really be learning up your lesson on which this is a basic approach. Nothing beats out if you are really that making trades on a manual manner and if you do follow someone then it would really be that sensible that you should really need to learn
on what are those steps and methods on which those profitable providers had been showing on because not all the time that they would really be offering their service and its always been preferrable if you do know
on what you are dealing or doing.

Even if you trade using signals from profitable traders, that will never do guarantees that you’ll also be profitable later on. But instead, you are augmenting your own risk to lose. No one is safe from losses in trading, even professionals cannot simply keep on winning without getting fair share of losses. That’s the reason why copying trading signals are not advisable. Instead, work on your own trades, at least you have something to reap when you are making good at it.

It's definitely a balance when it comes to trading signals. While they can provide insights, relying solely on them might hinder personal growth in trading skills. Making mistakes and learning from them does play a huge role in developing a solid strategy. And speaking of strategies, have you checked out Quantum AI (https://quantumaitradingapp.org/)? Its advanced features could be that extra boost to help you make informed decisions and potentially see those returns you're aiming for.

It is more important for every trader to become experienced than to depend on others. A trader wants to but cannot blame that person if money is lost by taking someone else's signals. Signals should be taken for learning purposes but not directly for taking trades based on signals. We directly receive a trading signal and trade according to that signal but never try to do anything ourselves then we only have to depend on others. It is better to take the time to master the subject yourself than to depend on others. When a trader acquires a lot of knowledge about trading himself and tries to learn more about trading, he can give a good idea about trading to others. Instead of following others and blindly trusting others' signals, you have to trust yourself and do something yourself.

I think one should never start trading using trading signals it mostly contains ricks. If you want to trade, it will always be better if you trade with your own knowledge and experience and skills and you can be successful in the future. I have noticed many new traders trade using such signals and at one point they lose their money. I have seen many telegram signal groups where they mostly provide scam alertcoins signals, and they make a lot of money from them and scam investors. But there are many good telegram groups which do not cheat like this and they give good advice and signals if you follow them you can expect some profit. But I think those signals should never be accepted because after a few days you can learn to analyze the market well and then you can start trading by yourself. And when you can trade with your own experience, there is no fear of losing money, but you can gain more skills and be successful in the future.

Yes, I agree, and to be honest, I also would not advise them to use this method, especially for most beginners who want to just get into the world of trading. It's true that it would be better if they use their own way of trading, because maybe a scam can occur in a copy trading and you won't realize it. And also on the other hand, copytrading is really helpful for us, especially beginners, because maybe there are those who don't want to bother thinking about various ways to be able to start trading and by using copytrading they are just waiting for the final results, but that's only for those who have confidence in a copytrading system. And even though it looks profitable but still I will only encourage them to use their own way, we can see that most of the successful traders they have their own way of trading with some of the strategies they have successfully created. As traders, we must be willing to go through the process even though it is complicated because only our own experience will allow us to develop and create perfect strategies with high accuracy, and also we will have the opportunity to be able to predict the direction of price movement if we already have high flying hours.

Dealing with copy trading but you are a beginner then this is where people do usually make this as the easiest or common option because we cant really deny that this is the most convenient way on

making yourself do able to involved with trading. You could actually call yourself a trader even if you do have just simply making that copy trade or following someone.  ;D It is really just that noobs
are really that too lazy on learning things and this is why they would really be making out such step on which it is the most simple at all or doesnt really need on exerting much effort on doing trading.
Come in mind that it does have its cons too which you had mentioned above and to add it up where learning is really that being stagnant or slowed down just because you are really that heavily relying
with those signal providers.

Everything doesnt last forever and on the time that you would really be doing solo then you wont really be able to make it since you havent been able to learn something in a long period of time.
This is why its always been wise that you should really be that taking step on learning at least even if you are tending to follow someone. Try to learn up with their trading methods and analysis too on the time that you are following.

The recurring theme of personal learning and hands-on experience in the trading realm resonates deeply with me. There's a profound truth in the idea that while tools, signals, and even expert advice can offer direction, they can't and shouldn't eclipse our own analytical abilities.
For those who are new to the scene, I totally get the allure of signal providers and copy trading. In an age of instant gratification, who wouldn't want a fast track to potential profits? But echoing the sentiments of many here, shortcuts often lead to short-lived success, if any. The real gold is mined through hours of research, studying market patterns, understanding global events impacting markets, and yes, through the stumbles and fumbles we all inevitably face. Each setback is a lesson, and each win, a testament to our growing expertise.

Now, while on the topic of tools, the crypto forecast service https://crydis.com (https://crydis.com) been a part of my toolkit recently, and I've genuinely found it to be a beneficial companion in my trading journey. If anyone's on the lookout for something intuitive yet comprehensive, it might be worth a gander. But like all tools, it's most effective when used in conjunction with solid judgment and keen market insights. In the end, whether we're veterans or just starting out, continuous learning is the name of the game. Let's keep pushing ourselves, stay curious, and most importantly, stay grounded in the ever-evolving world of trading  :)

It is good that we have a lot of members here who love to give advice about trading. And it is also true that as much as possible we also have to study and understand the signals that we are trying to follow.

But I also wonder if you guys are very good traders. ;D My last trades always started with a profit but then again, it only needs one bad trade and all profit will be wiped out. Maybe trading is not my luck since it's always been my fate when it comes to trading. But maybe it will change next year once we are in a bull run.

That is true, you should not rely on signals if it comes from others, but you could make your own signals as well, which would be fine. How? Well lets say you use tradinview, and like an indicator, and you tell tradingview that when that indicator hits a certain number it should mail you, it will, and then you go ahead and buy because it hit that level. That is definitely a good thing and should be considered a profit as well.

I know that it will not be that simple but as long as you do that, it will definitely have a good chance of making a profit. I believe that we are going to end up with a good return one way or another, and it should not be really possible for us to end up with a bad return, it should be our own personal signaling process.

If you know you are still bound to lose by following those trading signals, then it’s a sign that you should not start doing it. Trading is not about following other people’s trading signals, but its on how you create your own trading signals from your good market analysis and based on how you read its chart and pattern and understand them.

When you trade, you are doing it not only because you want to take advantage of its profits, but because you are a capable and reliable trader that you can still win even if the market is still in a bad shape.

When some use to type the trading signals and this type of keywords, there most of them who are making searches show that they just want the shortcuts in the market in which they will fail badly.

Op I know you are trying to explain the brighter side of the signals but who cares when a newbie enters the market and starts following signals What can you expect in the outcome of a learning tenure naahh its self fooling view. I know a person who on the way to learning and exploring the market makes mistakes but when intentionally making mistakes for the sake of profits in the short term it can be a glowing journey but that is in reality leading to a dark street where when 1 or 2 wrong positions happen in the panic he will lose all because he don't know how to respond as he never thought to learn it.

There are still many groups that provide signals that are not intended to be scams but there is no guarantee that those signals have a high accuracy rate. Moreover, depending on other people's signals doesn't make us any better, what if they suddenly stop providing signals? We will become stuck because we only depend on others and do not have any skills of our own. So, in my opinion, once you have determined you want to make long-term profits in this market, do your own research instead of looking for things that don't belong to you.

even those who only follow trading signals from group channels must also have the skills to process the signals received. don't necessarily follow the signals and just apply directly to trades.
although not all of them, but I have a belief that those who follow trading signals not only want to get quick profits. but they also lack confidence in their abilities. so they believe more in the signals they get from groups that look like they understand more and are more professional in trading.

It is called trading ideas or traders biases, and mostly they post a photo explaining why this is a possible entry for them, which is really good to read and also for the newbies that want ideas on the current market. It is really good as it gives you an idea and lets you think if their bias is true. It is not a signal for me as those signals are telling you to trade on this current price and posting fancy profits or winning trades to their customers or traders who want to avail themselves of their service.

There is little doubt they do not trust their own abilities, because if they did then they will not need to try to corroborate them with the knowledge and skills of someone else, and unfortunately there is now way for a person like that to become successful in this market, as if there is something a trader must have above all else is a tremendous amount of confidence that each one of the trades they are making is a good one, as without that confidence then a trader could always find a great deal of evidence that contradicts what their trading strategy is telling them to do and never open a position on the first place.

Even very successful traders face losing trades, but the most important thing is to learn how to get minimal losses in such trades and avoid big losses. A good trader is not one who does not lose money, but one who knows how to manage risks.

And of course, by copying someone's trades, you will not learn anything new, because it will be trading based on someone else's analysis, and if the trader has to make decisions himself, this will be a new stage in his trading, he will learn everything from the beginning. Ultimately, I am sure that everyone who wants to make money on trading will have to go through this, so it is better to start it now, and not postpone it for later.

It is true that anyone that is serious about making money by becoming a trader will at some point realize they have no other option but to learn how to do it by themselves, but the majority of those that want to copy other traders are not really serious about it and most likely they do not care about trading at all, what they are looking for is to obtain some easy profits, and as such copy trading seems like the perfect solution for them to get exactly what they want, but we know the truth as it is impossible those people will actually make the money they are looking for.

Besides, following the signal is not a smart way either. Why I should have to spend time checking on their spreadsheet, instead I use my time to study the market and do actual trading which I think was the most ideal thing to do. Well, I don't say that signals are useless since it was good for beginners but for us who already have an experience, I don't think we need to try it. In fact, we already know that it never be effective in the long run and most of all, we can't just rely on them forever but have to stand alone.

Depends on a certain person since not all would really be that mindful when it comes to learning on which they would really be that focusing when it comes to making money without really have that much effort but its true that not all would really be that way and there are ones who would really be thinking up that they must really learnt up trading and they shouldn't really be relying fully into those signal providers or to those who do offer copy trades on which this is something which is really that very common thing or impression on which people or most noobs would be thinking.

On the time that you would really be starting on, then for sure you would really be hasty on how to make profits as short time as possible. You would really be having that common impression or thinking that you would be sticking on something which is really that on fast pace or on easiest method
on which you wont be exerting too much effort. On the time that you would be facing up some losses on your trading following sessions then you would really be thinking that it would really be that better that you do need up to learn up things on your own so that you wont really be that relying much
or really that dependent with  those signals forever which it doesnt even guarantee about success.

I think signals are not good even for beginners, because this can create on them the expectation that they can rely on someone else telling them what to do and if they follow their instructions precisely then they can make money, a notion that is completely mistaken, as those that make money on the markets do not follow anyone and instead they are free thinkers which decide on their own whether or not it is the right time to invest in the market, and if they believe it is then they do it even if the rest of the market participants think it is a bad idea.

No matter if it's free or paid, I would never consider using those signals again. Lesson learned in my end. When a Polish colleague of mine introduced his free signals to me, he insisted that I should give him a try despite that I am not a fan of trading signals.

So I did for a few times. In the end, I only won 20% of the time and the rest are just losses despite him setting his own TP and SL ranges in a certain pairing that he signaled.

And I think somewhere 2 months ago, he personally invited me to his trading seminar where he will be introducing his own "VIP trading signal course", in which I have declined his invitation despite that we were good colleagues.

Yes that's right, I also think it's not entirely useful for us, especially beginners, okay I understand it can help make it easier for you to make a profit without having to bother analyzing the market, but you also have to think about how you are developing. Honestly if you continue to rely on signals from some trading groups it will only slow down the development of your own knowledge, it is very precise and they should know this, do not let you get stuck in the comfort zone by always getting instant signals there.

Yes you did the right thing in that decision, honestly it won't do any good, they are just profiting from your presence. Like I said, it will only slow down the development of a trader. Just look at the way professional traders do it, they have their own way of looking for profits in the market, I would not say that they get that knowledge from trading signals, obviously not, but from the results of their learning process. So the point is if you want to have a chance of success as a trader then you have to do it yourself, very valuable knowledge is obtained from the results of your own experience, so enjoy the process, do not give up easily and always learn from your mistakes for something better, believe me.

I feel it's not that easy to follow any crypto signal provider, they are very clever while showcasing their results. So let's say if you get a signal which says buy at 100, Stop loss at 80 and sell 120. Now you being a follower will sell only at 120. Now if price comes to 115 and goes back to 101, the trading group very cleverly says it's 15% profit but for you it's nothing because your order didn't go through. Also a lot of them amplify results. Let's say if they only say to invest 5% of capital in a certain coin but then you get a profit of 30% then another coin same 5% you get profit of 30% and another coin 10% but you get a loss of 30%. Now they'll say it's a profit of 30% but for you it's a break even you used doubled capital in third trade.

I am totally against following any other signals blindly. Signal providers will give you 5 signals at least daily, only few will hit the target so why not give some time to learn all basics and start trading with own strategy. If anybody think that analysis will waste it time then I will recommend just leave trading and start other business because without knowledge trading will give only loss. We spent lot of our life years in school to get small job so that our life become settle but we are not ready to spend two-three months to seek trading where we will invest our life earning income. I

 have researched many crypto signal providers signals and their signals not hit 70% and most if the time Market react totally opposite so I will recommend to learn analysing and then start with small money to test and then start own trading without depending on anyone.

Never ever make yourself that getting blinded with these groups or set of people or whatsoever called signal provider on which we do know that they wont really be that giving out assurance or no one would be able to know

on how the market would really be ending up.Better to start and make your own and never ever consider yourself blindly follow these guys.Aside from no assured results, you could or wont really be able to learn yourself
on doing trades just because you are simply following, unlike when you are really that making your trades on your own on which you are really that learning and at the same time you wont really be that blaming
yourself on the time that those people you do follow do fucked up your trading capital or investment basing up on how they do trade.

So never ever consider yourself on following specially if you are a newbie, nothing beats out if you are really that able to trade on your own and acquire knowledge along the way.This would really be molding you up
for the better as you would go further or proceeding on. Dont rely on others but its not bad to snip out some trading ideas with these people though as long it would really be that
relevant or something that you could apply it on your own.

That is why I don't see these signals are helping people to learn and earn a profit for the users to just only in the end. In fact, if we really have to think deeply, about why these people shared their market signals if that really works, they are supposed to keep it and make it rich from that. But it was not, so they pretended it worked in order to get users and milked them by asking for some money in exchange for their useless signals. We never get any benefits from following them aside from falling into the wrong teaching/ideas.

If someone is interested in trading, they should take the necessary steps to become a professional trader rather than relying on signals, as trading with other people's signals is not entirely certified. The majority are avoiding this, which is why they are looking for signals, so if you want to pursue trading, you must put in the necessary learning time as well as additional dedication, commitment, and patience. And occasionally people pay to get the signals, so taking a shortcut can simply lead to disaster. sometimes.

You probably need to learn more and practice your skills before you get involved in trading if you lose all your profit with just a single loss, it means that you are not doing something right. Maybe you should learn about risk-management techniques that can save you from excessive losses and even if a trade doesn't work in your favor, you won't lose a significant amount and this can be stopped using a well-placed stop-loss for every trade that you open.

And one can never be perfect. You can't even expect the experts to have all their trades getting success because profit and loss are parts of the process just like a win and a loss in a game. So, you might win one day and lose the other day, but that should make you stronger for the next game.

Traders need to accept the obvious truth, they are going to lose many trades during their careers, and if a single loss is enough to wipe them out then they have no business trading at all, a good trader will instead have mechanisms in place to protect themselves in the case of a loss, like a stop loss and a small position size in order to counter this, and once you have learned how to do this then the chances you could become profitable long term will greatly increase.

most times you wont have access to analyze the performance in their VIP signal group. the one that is available to all is only the free group where they will mostly drop highly promising signals so they can get you to feel like thats how the VIP group is and then you pay to join. Even in the VIP group, some will delete their lost trades especially the telegram guys  and leave mostly winning trades so when you join you will think its all bed of roses. i will say once you join a VIP group and you are experiencing losses then you should stop taking the trades to protect your capital. if you manage to find a truthful and profitable signal group then you will enjoy it and earn some money as well.

In my own opinion, this is more like saying its best you even learn how to provide the signal for your self, because if you put in all this work you are to do all together, its probably what they are doing too RESEARCH, READ, and GAIN the KNOWLEDGE . Rather than to waste it in trying to investigate how come about the signal, and their past presentation or RESULT

Every beginner is faced with such a dilemma, to spend money on training or to spend money on signals. And despite the fact that the choice is obvious here, many still follow the second path and obviously this comes from excessive laziness to learn something new.

I'm following some trading strategy for my best services and i joined some telegram channels for trading signals which one short term and which one long term and what is for the holding all everything ideas provided to us many telegram signals channels.

Of course you can take advantage of it - but in any case you should not depend on other people when it comes to making trading decisions. Learn to do your own analysis instead of paying someone else to predict things for you - that's wise advice for you to consider.

From day one until today - I have never used any service to get trading signals. Paid or free is equally bad for my knowledge development - meaning I tend to push myself to learn instead of hoping that other people's analysis will bring benefits to me. The conclusion is - learn analysis, it is more reliable.

Ain't a fan of trading signals as they are not accurate and doesn't guarantee anything at all.

At first I give it a try from a Polish colleague of mine who is a foreign expat. I visited his house in a subdivision within the central Philippines where I stayed at least a few times. He show me his trading room full of monitors where he's trading both stocks and crypto.

As I have learned about his trading signals and encourage me to try follow his calls, I give it a try provided that I only risk amounts that I can afford to lose for every call he had in his Telegram channel.

Based on my experience, it's not worth it. Despite I've won like 10% to 20% of the time, but overall I've lost a lot in my short and long positions of certain crypto pairings that he called. Then he even introduced me to his "VIP signals" in which I should be paying for a ridiculous monthly subscription or so.

That's where I slowly distance myself from him and never came back to visit him ever again every time I travel there to the central part of the Philippines.

No matter if it's free or paid signals, it won't promise or guarantee us profits. It's much better for us to self-learn about trading like reading and mastering the charts, TAs, etc. 

spending money for experience or basically training to trade, is sometime can be resource exhausting though therefore why many would prefer spend for signal
because they don't need to do the hard work of analysis from scratch, just follow some signal and call it a day.
thats why many newbie would just either go full relying on signal or simply follow copy trading, more convenient, no need so much commitment and investment to learn something new for them.
but of course this will be detrimental in the future, but if they don't really plan on making career in trading in the first place i guess thats fine.

The problem is that there are no 100% correct signals, otherwise everyone without exception would use them. Why trade at a loss, which without exception happens to both experienced traders and beginners, if you can pay $ 100 and get a profit of 1000? But it doesn't happen that way. In order for someone to get a profit, someone else must fix the loss.

That's the straight fact with the vip signals they call. No matter how good it was advertised by a friend of yours, they're not guaranteed at all.
They may sound optimistic and that but, you'll never know if you won't try. But the good thing is what you'll hear from those people that have actually tried it and discourages people to step on it.

I couldn't agree more. For the reason that the main purpose of trading signals is just to serve as your guide, but it does not necessarily mean that you will have to follow it and do what it exactly said. Because at the end of the day, everything is still up into you and you're going to decide for yourself.
There's nothing wrong with utilizing trading signals, but we also have to use it wisely. I don't think that fully depending on it would be a great idea, because you're not allowing yourself to think critically and allow yourself from making decisions about your trading. Maybe if you are a beginner, you can try using it as your guide, but you do not have to prolong your usage of it. It's fine to make other call as your basis in your trading habit, but do not let it decide for you.

Signal providers get money from the members mostly not from their trade. I do believe they trade only using a small margin just to show the percentage of profit to lure some of new users.
Tho Im not say all the signal provider is fake because some of it are made profit and educate their member to not depend on signal but it is rare case.

the thing is if you have a signal provider try to understand why they made the decision to take the position. Like I said some signal provide tell the user why they create that decision not just plain entry tp and sl without any trading view related.

When I'm a beginner in crypto trading, I also used to follow signals, and I'd say it didn't and did well at some points. What I mean is that sometimes their signals are not on point because their trade is not suitable for mine in terms of my equity, as I only have limited equity to trade. I did well because sometimes their trade is on point or I earn from it. And because of that, I don't want to rely on signals anymore, as I want to earn by using my own analysis and chart mapping. In short, I don't want to rely on them. Even now, I still look for signals, but only for reference; I still always follow my own.

Because there are a lot of signal providers that only aim to have an investor or get paid, and the free signals they give are cheap signals, which we understand because they are free, it's so hard to find legitimate and accurate free trading signals. That's why it's better to learn and execute your own analysis.

Exactly or even still, if they are occupied and won't have the chance to look at every trade, they could make use of these exchanges Binance and even bitget known for their copy trading to get what they want. All these paid signals sometimes ain't real

You will never be able to find free, accurate, and legitimate trading signals, even though the premium signals will not find accurate ones,
there will definitely be errors on some of the signals provided.
Just remember how this kind of signal practice is run by people with many communities to get a lot of profit from new investors who do not understand anything about real crypto trading.

Self-study to master the science of trading is the best choice.
Do not jump on a platform that you have not mastered, because you will not know how the platform works.

---

You can take advantage of the copy trading feature on Binance or Bitget, but you also have to know how to use it, you have to know how the trade works.
And choose traders who have good experience with a good portfolio.
Paid signals are only a place to make profits for the signal owner and you will only receive a lot of risk.

Others signals or even your own analysis is never been accurate and there's no thing that would really be that precise specially into this market considering the market is really that unpredictable and totally random.
There's no one that could be able to make out that on point calls on where it would be going on which considering that the market moves on random basing up on the demand and with those market makers
in between buyers and sellers on which there's no way that you could really be able to make yourself that precise predictions in the first place. Also just like what you have said that never ever in my
trading or investment career on taking up some advises or getting those signals yet i do always consider myself on making one and sticking with it. Somewhat there are really moments on which i dont really
make myself that going solo and consider out on taking up some ideas with others and snipping it out and applying it for myself.

Its not necessarily that you would be needing to put up something but to consider out that combining ideas and methods would really be that something that much better
rather than on making yourself that too restricted or really that mattering on sticking on your own ways.

You are right. Trading signals didn’t work every time as wanted, and sometimes there is some analysis that you will do yourself and get profit, but if you use trading signals, you may lose. However, most of these things still depend on how reliable your signals are, and maybe your experience has gone far in your trading journey. So now maybe the reason why you didn’t enjoy it at that time is because you were new in the industry, so you lack the main knowledge by then, and without the knowledge, you will not be able to use signals correctly.

Even though I know signals make traders lazy to learn more and do the needful, sometimes they still help, but it cannot happen without the fundamental knowledge of trading, which is when we will be able to set them up well and work properly for us.

For now I don't really believe in signal groups or the like, I'm sure they only want to take advantage of weaknesses/inabilities in trading, trading with own minds is the best so far in my opinion because they are able to make decisions independently, I've forgotten, but there is a well-known telegram group that includes a professional trader, he often shares information there, I often use every prediction he makes as a reference, Using trading signals for some people really helps them but in the long run it is not good.

There's no wrong if you listen to some trading signals from a trusted friend or from a reliable group, but applying it to your own trades is already a different story. Know that what other traders' trading signals that work for them may also work for you. You have to not imitate but develop your own trading signals that's best for you trades and that will only happen if you learn trading on your own and from you varied experiences and mistakes in trading.

Trading signals provided from certain groups have no guarantees that they will be successful on our trades. They are not to help us but to take advantage of our funds. We should have known that earlier so that we won't end up falling on their traps.