Bitcoin Forum

This is actually my first time creating a topic in this section called trading on the forum, I have a question in mind and I look for trading section so as to fit my question, and here I am.

Are crypto signal groups for real? I have friends that are into this stuff and I don't feel convenient with it because

1. There is no proof of certificate that shows that the group owners are professional traders.

2. They might have other motives for creating such groups too.

Since this groups are label premium signal groups, they are requesting some form of a monthly subscription, a friend said that most of them are inexperienced traders who are pretending to be a pro traders.

My second friend gave me a signal group and he claimed to be good, but you know, I prefer asking questions before taking any steps, there are too many scammers in and out of crypto world.

My common sense is asking me why will they create such group if they know how to be pro traders already? Like why can't they keep this to themselves and keep making their money? Why are they trying to help and getting subscribers in return? Just my own common sense like I've said. What do you have to tell me?

If the trader lose, will the signal provider return the money the trader paid? No

Can you know if they are experienced trader? No. You can see a trader that is winning, but suddenly losing and later the net profit is negative.

Learn how to trade yourself and use little amount of money to trade, the amount of money that you can afford to lose. Signal groups only care about their own pockets.

Because they want to make money and the money can not be from trading because they do not know how they can make the profit  ;D

From which platform does the group belong, because scammers are everywhere, let say, if it a Telegram channel, in telegram there many scammers that claim to be good in treader, but still there are channel that are legit and reliable. Why don't you learn about trading, and stop looking for signal. People that are involved in trading for so long are the people that you should learn from, not that they are perfect but due to the experience they had.

One person can not earn everything well trading alone, sharing the signal also help the coin to get value,

They are real because they actually release signals for their group members. Good or bad signals, it is another matter.

If you don't have proof to know they are professional traders and get rich by trading, don't join their signal groups and don't use your money to trade with their signals.

I also have to warn you that even they are professional traders, succeed or fail at the end depends on you. They can give you good signals but you are disciplined enough, patient enough to complete a trade with profit, it's a different thing and surely mainly depends on you.

If they are bad traders, they create such groups to make pump and dump games. Victims are you and other members.

Why are there traders who create trading signal groups and slowly sell signals to their members or charge fees for those who want to join their premium group? because as a trader he knows that it is easier to make money by selling his signals than using signals that are sold for his own trading, because there are still many traders who don't realize this, what they do is the same as bloggers who sell ebooks on how to make money from blogs.
I have joined both free and paid ones, the results are not much different and it could be said that it is stupid to continue to be in this group because the channel owner can make thousands of dollars from fees while members still have to struggle to make a profit, many signals of which don't work well.

I know that the most expensive advertising is in groups for traders. In addition to expensive advertising, the channel author earns money through affiliate programs, when registering through referral links. They also sell various training programs: trading courses, paid webinars and coaching, and book sales. Additionally, there may be wild consultations.
Group members will always have the opportunity to spend their money.

Getting member joining fee is not their main target if they are scammers. They want to earn more from pump and dump games. Group members can get profit or become victims if they are too late with signal receiving by difference in time zone or whatever reasons. If they join pump and dump games too later, they certainly get big loss.

Trading is risky and they know it but they also know more than newbies know. Pump and dump games are very attractive with newbies who don't have knowledge about trading but have greediness. They chase profit with their empty brains so such groups are their favorite places to join. Group owners only give some polishing successful trades to attract those newbies.

They spread signals so they buy first before releasing those signals. Therefore they take very slim risk while have big chance to earn big profit with their games.

Maybe they think that first they learn to use money until they can become professional traders so when they create a free group and offer paid groups, they say that there is no free lunch.
So it's only natural that they create paid groups as long as they really teach knowledge and knowledge about trading properly and correctly so that their members can become professional traders.

But unfortunately, only a few of them are truly professional traders because I have a friend who can trade but he claims he can't trade.
And strangely, every time my friends and I gather to discuss market movements, he is always the one who provides an explanation of all the possibilities that could happen in the market.
So in my opinion, a professional trader is not someone who wants more money by opening a paid private group because he knows that teaching someone is not easy and it takes a long time until he really understands what he is being taught.

I don’t believe in trading signals, so I will tell you there are no real trading signals. I have seen different trading signal groups, and I noticed that all are fake, so I already concluded that there is nothing like real trading signal groups, all of them are just after money which they will be making. That’s why, as a trader, it’s just better to learn how to trade and not depend on any trading signals because most of them are just fake.

Most of the signal providers are just doing that because of their selfish interests. The motive behind creating such groups is just for them to make money. They will create a group, and ask people to pay before they can be added, if you don’t pay, you won’t be added to the group. After you have been added, most of them end up providing wrong signals, and there is nothing that can be done about it because you already paid for the group, and they have nothing to lose, People that followed the trade are the ones that will lose. You will be losing the money you used in following the trade, and you will be losing the money paid for the group.

If they don’t pretend to be professional traders, then nobody will subscribe to the group. All signal groups will pretend to be professional traders to get people’s attention. If you join, you will discover that they know nothing about trading, but they will have collected their money by then, and you won’t be able to get a refund.

Most of the signal groups are always wasting their time marketing those groups so that people will pay and join. As a professional trader, they won’t even have time to waste forcing people to join their group, but most of those groups are always looking for ways to force people to join, which is already a red flag.

that's their goal, to get money from people who believe and follow the signals they use. no one knows how professional they are. but what can prove it is your friends who have joined paid groups like that.
Even those who initially provided signals for free eventually after enough members joined, would think about doing business to earn more money.

the motive for everything is just a business to make money in a popular community. It's like, if the market is currently busy with health medicines, they will sell medicines to make a profit. and pretend to be a doctor or pharmacist.

The simple reason would be money but there are a few stragglers out there that does it to create a sense of community in the crypto space. Regarding the money, it's common sense already that if you can make people pay you money because they believe in what you do and that you have the ability to do so, why not make an extra buck out of it and not to mention that if you ever fail in your signal which is likely to happen especially for these so-called "pro traders", they still be able to make money out of the pockets of their subscribers.

Instead of relying on random crypto signal groups, they may be a group of scammers or fools looking for a quick profit, why don't you and your friends organize a paid event here where you and your friends look for people who are good at analysis and ask them to join the group in exchange for a monthly return, or create a topic here that is open to everyone .you will guarantee that you will not be scamed and you will determine if the person is an expert from his previous posts.
It is true that this service may cost you some money, but it is better than random crypto signal groups on Telegram, although I see that all of these groups are closer to scam than reality.

These are some common questions, that come to mind when one is forced or get to know about Premium/VIP Signal groups. Where they could earn a hell lot of money but first we have to buy their subscription. I also used to be as skeptical as you are now on this issue. And I always tried to remain vigilant to all types of scams too because if what your second friend is saying is true then yeah we can call it a scam.

The point is, what I did? When I had these types of queries in mind? I simply ask one of my friends to share the signals with me that they are getting from those VIP groups. But I do not follow those signals instead just observe them and try to make a winning ratio. As I do not have access to their background history, so I used this method to analyze their experience.

Another way is to avoid all those traders who are at a lower level because those who are not so public and have a lesser approach do not buy their signals because you don't even know them. For example, I used to follow P4Provider and WaqarZaka on FB and YT. Because they are public entities and at least I can take some action against them if they try to scam us. So, never fall for new guys who are there to scam us only.

And you asked why did they do that. Because they want to make extra bucks too. Let's say you are doing all the analysis and 70 to 90% sure about your analysis and predicted the market and then what? You will take entry and make some profit and all of that analysis will go to waste. So you decided to share that analysis with others but in exchange for money. Isn't that a good idea? I would do the same. And there is a plus point which is we as signal providers ask others to sign an agreement saying, the losses and the profits are not on us instead you are following it on your own will. That's enough to save yourself from any cases.

Because most of them can't actually trade lmao. And even if they end up making bad trades, who cares as they make money off the subscription of people anyway.

And when talking about pump and dumping, yea — they'll just buy certain low-cap tokens and tell their "subscribers" to buy. Then they dump the coins because the coins rose in price due to their subscribers buying.

this is why it is better to do your own trade and not join any of these paid signal groups. it is fine if it is free, just to see what they have to say. but if they start collecting fees, doubt their motive. and that is true, if they are really good with their signals, they can make tons of money without asking fees from their subscribers.
i haven't read or seen a valuable trading signal group where everyone is talking about its excellent performance. so don't believe on such talks about these groups. and yes, they can easily have this pumpndump scheme if the project is a small one as they can easily manipulate the price by using small amount of money. giving false movement to their subscribers. and leaving them holding worthless coins or tokens in the end.

It’s same scenario when professional on their respective field decided to publish books or tutorials just to earn additional profit. I’m considering legit crypto signals here and not scam. Nothing beats a passive income through subscription because trading still involves risk even if they are pro trader so having a profit from subscription will gave them a good benefits.

They also benefits on providing good TA a guarantee profit to their investment since they are the first to purchase before their follower purchase the signal. It’s important to have a basic knowledge on trading before you start joining on this signal group especially premium group so that you will not be victimized by lots of scam signal group.

There’s few decent signal group that provides detailed analysis on a certain token to buy.This is the group that you should look for instead those signal group that just drop buy and sell price target as signal.

These are nothing but scams. These so called premium traders doesn’t want to risk their own money, hence started these types of channels. From here they can get sure income on a regular basis. Next they do is just some basic analysis on the market and share the calls. If a trader makes profit from it, then he is happy, else he cannot do anything of the channel admin. It’s better to follow big traders on Twitter rather than these cheap Telegram groups.

Like you said, they are a lot of scammers now claiming to be bitcoin pro traders to scam a lot of people and this groups you are talking about are one of them which you should avoid by all means. That money and time you would have spent in following their signals or footsteps will only make you limit yourself in your thinking capability and how to break limits in your trading skills. Do channel that zeal of sorting for crypto signal groups into learning more and perfecting your trading skills because that will be better for you. At least, when you lose or the market goes negative (declining) you would learn from what prompted that the next time you are trading and you will be extra careful.

That's so true because I have personally seen so many people who just got into crypto trading and now showcase themselves as they are the guru of trading. Actually, these types of people get benefit from the innocence of those who know nothing about trading. These noob traders after knowing some terms used in trading and after getting familiar to some methods that definitely not going to work for all.

They use such methods and less information to make other noob people think that they are very pro and know a lot about crypto trading but in reality, they are just not making any profit out of trading and they wanted to make money so they start to provide premium signal facility.

I hope you would have got the answer to this query but this issue is not big because this can easily be overcome by not following new traders. Most of the time the new traders in the market are scammers so follow only those who are old and have some fan following too.

They are real but the service they offer is mistimed fake and for the most part traders should avoid their service.

• Do not give the scammers ideas. Even if there was some fictitious proof of certificate that does nothing to prove that the signals you are getting are worth anything.

• They do. Many of them are pump and dumo groups, they get a cheap position in an asset and the drop a signal prompting their subscribers to go and buy in and drive the price up after which they well and leave you holding your bags.

Subscription is a good way to make a constant flow of money. That is an incentive to promote a group. And they could send the wrong signal too where they could tell their subscribers to sell while they go long.

But it is not new anymore, even in the Forex market there are signal groups scamming newbies. They are good though but I think they were just parroting the best tips from the best traders they know. Besides the exchanges themselves or the Tradingview itself are providing signals for traders.

Many of them are not professional traders but the claim to be,so that you can believe in them and subscribe to their signal. This group of trading signal providers does this as their business because they know that a lot of people are rushing into crypto for trading and they are so eager to make quick profit.

Most of them have the motive to scams people because a trader will stay focus on trading and not to be sending trading signals out when he knows that he is after making profit.

Stay away from their subscription and don't fall for their trick. It is better that you learn every aspect of trading and build yourself by having the experience with little funds that you can afford to lose. Don't depend on trading signals rather depend on your skill to trade by learning.

If they were really that profitable really, then they wont really be bothering themselves on having those kind of groups and having that kind of sharing up their methods or whatever analysis they do have which they could really be simply be able to make huge money if they wanted to which is more than on the amount that they could be able to generate when they are asking out for subscription fees. Using up your own common sense then you would really be able to say that it wasnt really that totally true that these groups or its owner are really indeed making some good trades but rather they do make out some extra income out of those newbies who
do really join up with those VIP groups but honestly we are all just the same on which we are just speculators, just like been said if they were profitable and even myself wont really be bothering on sharing up my trading analysis to others for some penny subscription. This is why never ever on my trading career path did really consider out on joining with these groups because you do really know that you could really make that
own trading analysis on your own without touching up these groups and its never been worth on paying up something just to make out some decisions.

Yep. There are free and paid group signals. Free group signals totally never guarantee about the accuracy of the signals. While paid group signals commonly show the testimonials about the quality of the signals. They also claim they have special reasons why we must believe in the signals. However, I personally never believe the signals both from free and paid signal groups.

They sometimes show the testimonials, but we don't know whether it is valid or not.
Even if they show some proof about their experience in trading, it is difficult to ensure whether they are professional enough or not.

Of course. Some groups possibly promote certain crypto projects. They share good signals about certain coins, but the purpose is to attract people buy the coins. It is not rare cases, there are many cases about group signals promote certain coins. So, don't easily believe in the signals, we must have own research to analyze whether it is valid or non valid signals.

It is the thing that we should think about these signals. They promise good/accurate signals to their clients which if we would really think, why not use it and make rich. Perhaps, it was a fooling strategy by scammers, in fact, nobody was able to make accurate predictions so why we should believe them either?

Generally, crypto signals are made to scam people, to scam innocent individuals. Very unfortunate but these greedy people will easily get fooled by those promising words and regret later.

No, they are not, usually most of them get into a scam.
I heard so many negative cases about the crypto signal groups since I was here in the crypto space and I doubt they are the same.

You already answered your question, just because of money.
Think about this, if they can make a good profit in trading why not they can make their own profit without offering that kind of service to others?
Then, it makes sense that kind of group created to scam new trader.

Aside from helping people, they want to get money from us that's why there is a VIP signals. Honestly, they can get more money from their subscribers than in trading because those pro traders won't put huge margin on their trades even though their winning probability is high, it is their business to just analyze the market and get money from their new VIP members. They know by themselves that it will not always winning in trading but in selling signals is always win.

Never been into it but just take it like this, there could be rarely few that are for real but majority of them are whole time trickster group.
With that I mean, they give you signal but that's just like the common analysis that a normal trader can do.

Your common sense is talking sense actually. That's where the part that most of them doesn't make sense, they won't make a group if they are profitable.
They don't have to send signals for their groups with a fee on it. They can just be busy all day long following their own signals and make money out of it.

No. Don't try joining with them unless you want to try, and experience it then share your own experience with other people out there who are curious about these trading signal groups.
I tried joining a few years ago. I think I paid around 5$ to join into it. To cut the story short, we who joined that crypto trading channel are receiving the signals a few minutes late, and by the time they shared it to us, the coin pumped already, so it's kind of useless. If you want to receive the signals earlier, you need to pay more. Such bullsh*t.

That's why you don't pay them to entrust your money to them. You pay them, then rely on their signals just to earn profit? Again, such bullsh*t.

I can make my own signal group in Telegram, and put the word "Premium" into it. My point is anybody who knows how to create a channel can just put that word in the name of the channel. It's just quite unfortunate that there are still people out there who are falling into these crypto trading signal channel groups.

It's good that you're hesitant in joining. They might be good he said? Dare him. Let him pay the subscription for you since both of you are friends right?

Greed.

That's the main reason why they are creating such groups, and just to let you know, most of the people who are creating these crypto signal groups aren't pro traders. They're just regular traders who maybe has an inside access, or maybe they just have a huge amount of money that they can pump a coin with low volume in different exchanges.

What do I have to tell you? Don't join into these signal groups, or since you have a friend, like I said let him pay the subscription for you then share your experience with us. :)

Just put your self on their shoes and think that why do they still manage a telegram group if they are earning enough in trading, and also doing monthly subscription to those members, it is really time consuming and for sure if you are already trading for long time you wont that kind of waste of time.

So meaning they are not profitable and they are asking money for others to earn more money. Though i dont see it as a scam but unless they arent teaching anyone like selling course that can help you then I would say it is just a scam.

And this is why most of us do not believe a word of those that own those kind of telegram channels, if something does not make sense then you can be sure there is something hidden from view, after all even if we assumed that a successful trader was sharing signals just to return something to the community then why do they have to charge for them?

A successful trader will have no need to charge for their signals as they are already successful, the fact they charge huge fees tell you this is their main form of income, and they do not earn anything out of trading.

They are like book sellers. They promise you that they will make you rich but in reality, it is them who are getting rich. It is the good old scam where they sell you nothing for something. The victim on the other hand, wants everything for something. In the end he gets nothing and loses his “something”.

These telegram groups only have one aim: Scamming their followers. When they successfully do it, they will close the group and re-open it and do it again.

Since twlegram is kind of private, you won’t even know who scammed you and actually it doesn’t matter anyway. It is because if you joined that group and listened to these people, you should only blame yourself for being that dumb.

Your doubts are correctly placed. There is no doubt that signal groups are running a very organised scam on social media. Point is that very few victims will actually owe up and divulge the truth that they:
1. Paid for the membership  - the first scam
2. Fell for fake signals which have no basis - the second scam
3. Go for pump and dump as manipulated by the owners - the third scam

The above points are the reality of these scams and newbies don't do enough reading to avoid them. If someone really knew how the market moved why would they sell it at a price? They would use those signals on their own rather.

First, there are really many pretending to be pro-traders here in signal groups, especially in telegram channels; that is rampant, and the scammers are also rampant there. And I have never seen a legit signal group that made a lot of money there, but a lot of scammers have made money there because they have been victims of a lot of those signal groups. That's why extra caution and wisdom are needed there. Now to your question, why do they still do that? It is because there are still as many people who deceive people that they know they can victimize with sweet words and promises, and most of the people they victimize are also people who lack knowledge and have also been involved in greed.

Cryptographic signals work, but don’t rely on them if you want to become a successful trader. Forget about them and concentrate on learning your skills. It will help you more than signals because it will make you lazy, and signals don’t work all the time. Sometimes they malfunction and make you lose. If you use your brain, you will not lose what trading signals will make you lose sometimes, so you can see that it is not that signals don’t work. But sometimes it doesn’t favour the user, and that’s why they said it's not reliable.


Exactly. That’s what you need to consider first before joining people who use signals. If it really works as they want, they won’t disclose it, but since they are doing this to feed their pockets, there is nothing reliable there, and if they really do it for the sake of people to benefit since they also benefit from it, they won’t ask people to pay money since they have already successfully traded.


Don’t use signals to trade; it is not working, and it will not make you a successful trader but rather a lazy trader without the knowledge of trading.

They create the group to earn more money from people who subscribe to their signal. This will make it easier for them to earn money because they can gain the trust of the people who have joined their group.

Most of them are not professional traders because if they are professional traders, they may only get signals from other people. And we also won't know if they are real traders or just copied pastes from other people's signals. And they help customers only because they want to earn money from their customers who join the premium group.

It's better for you to continue learning to trade rather than joining that premium group. But you can also join free trading groups to get information that might be useful for you when you analyze the market. So be careful with all offers to join premium groups because not many are professional traders.

Usually signal owners post each of their entries in groups and people can conclude how often they close positions with profit results.
But yeah, no one can confirm whether the screenshots shared are belong to the owner or whether they're just forwarded from another signal group. Sensibly, professional traders wouldn't take money from noob traders that way.

Where I am not so certain about this trading signal of a thing is when a particular trader that is using a signal continue to use signal from that group for more than a year and up to two years. This simply shows that the signal that the trader is using is surely bringing profits because someone cannot continue to do an unprofitable business for more than one year. Does this therefore means that there are some signal groups that are very accurate at least gives profit more than losses at the long run.

I have also seen people who join these groups, but do not stay long in there and deassociate themselves.
Could it be that these are the people that are unlucky to make profit from these groups?
Maybe one day everyone will test these signal groups and they will not get new inflows again.

It's not by certification that makes a trading group reliable and trustworthy, they can present as many as possible evidence to you to show they are reliable but all can be fake, we just need to understand the needs that using a trading group has it advantages and disadvantages, we need to by ourselves verify all informations giving to us on any platform we join in other for us to be more accurate in our trading and not totally depend on what we receive from them.

This is not much of a reason that something is not legit because someone could have a certain knowledge of a thing and feels like since many are in need of it he could sell them out, a clear example is trading tutorials but for signal you know you’re in for something dubious most especially if they promise you that you will earn a lot from it. Once the profit they talk about like this is too much just avoid it because nobody loves you that much on the internet to share such a thing with you.


This your story has actually made my curiosity strong again. Most at times I wonder if this people are payed by pump and dump token developers to help them boost the token. You will see them given signals to tokens that are mostly very new, yes I know that this kind of coins are the most volatile ones and Can easily pump but I am strong curiosity that they are paid by the project teams sometimes for some of them

After I read the contents of your thread and the quote below this is what I want to say.


Point, you have a healthy mind, if the quote above is always in your mind, that's a genius and professional mind.

---

When I first got to know and dive into the world of crypto trading, I joined several trading groups, but in the end I realized that it was all just empty talk, they never do it right and they ask to transfer some BTC for them to trade and the profit is divided by two, then I think this is not right, that's their loophole to cheat, that's when I decided to delete all groups in the name of professional trading and so on, OP, be careful with such ridiculous groups who call themselves professional trading, tell them to check themselves first if they want to cheat.

We have a purpose for trading, hopefully everyone has the same purpose. Everyone wants to make money by trading.  
An investor has a lot of money and tries to make more money by trading, so is he doing something wrong? I mean, no matter how much money a trader has, if the market goes up after trading and he feels he has made enough profit, he should now sell his investment, then I don't see anything wrong.  
People who have specific targets fixed do not wait for a long time only they wait until their targets are met. If an investor invests in a coin with a long-term plan, he will have another plan in addition to the long-term plan, how much money he will get from this investment in this long-term. If he gets money as expected before time, then why he will leave his money unnecessarily. So I think it is a good decision to sell your investment at the right time.

Or they do it for free right? Yes so. If their motive is to help people in trading better and make profit so why do they charge fees and to make matters clear that they are only going after the money, they also have different version of packages that you can register with them like their could be premium subscription, VIP, VVIP on the group. They are just traders who couldn't sustain the heat of loses and they are after hitting back on the market through subscription.

That's for sure. Many of these trading groups' signal are not real. Some may look real but they're only good at the beginning and then you'll see the red flags when you've been them for a long time.

I agree, some may show that they are certified somewhere else but that doesn't mean that they're real and good traders. Many certificates there are misunderstood to be certificates but if you'll analyze them, they're just like certification of completion of an online trading course which is very possible.

As long you arent paying money then its not really bad to have some sneak peak within this groups and tending to see whether those shared information are somewhat realistic or something that you might be able to follow
but if you are already that tending to pay up something just for those information then better not do it. All of those things inside would really be just that simple analysis and predictions too on which it doesnt really make sense for you to be paying up something which you could eventually get it for free. If you are really that somewhat curious then you could really risk up on paying some bucks and see for yourself whether those things are relevant or you had just waste up your money on something that you could really eventually made for yourself. This is why on the time that you do tell your friends about those groups but didnt listen
then just let them be on following those things, it is really normal that they would really be having those positive sentiments but well it would really be still depending on you whether you would really go along or not.
Just bare in mind that as long it does give out that relevant analysis or understanding about the market and its free then it isnt bad to make out some engagement and look out into it.

There isn’t anything new about signal groups and there schemes, it’s existed as long as trading itself and continues to gain patronage from a lot of those who are scared of loses or to do the work needed to prevent loses. Most of the users that falls within this category always find themselves looking out for these signal groups and they end up doing 2 different things for them,

* You aid them in building there channels which they would have found very difficult to build.
* You still get to find them by subscribing for signals that might be dobbed from some place else and offer no assurances.

I really do think one who is very good at trading wouldn’t have time trying to send signals to other persons for petty cash. It doesn’t make much sense to stress over that with all you can get from trading.

I often see this type of ads in Telegram groups where some Telegram group admins talk about premium group, in which they give signals about crypto trading. Similar activities have been seen on Discord, where you pay some amount monthly or annually and then you are added to a group. Premium WhatsApp groups where signals are provided.I personally did not join any such group because I do not trust such things.

 
I often wonder if they are so confident in their signals why don't they make a good profit with their signals instead of asking people for $25, $50, or $100? Often in their Telegram groups they sometimes give a trading signal to attract people. A friend of mine who joined such a group says that he earns good profit from the signals given in his group because the accuracy of the signal is very good,but it requires a big investment because the signals they give are That is between 4% to 6% percent profit, which is very difficult to do with small capital.

Their motive is clear to those who have understood the market and have seen such groups and people for quite some time, but those who are new in the market and are just starting their journey with cryptocurrencies will tend to believe what they say and think that they are following the signals of the most expert people in the industry because their signals are always good and right and whatever, they don't realize that they are actually trapped for money.

People running such groups tend to make people fall for their tactics by only showing the results of the trades that became successful and ignoring and removing the ones that failed so that people don't understand that what these signal providers are doing can be done by themselves without having to pay them.

I often get invitations to Telegaram groups, in the end the admin offers a premium signal group but I'm not interested. Because in my opinion, if they can predict signals correctly, why are they still looking for profits through members? This is what makes me uninterested, as if there is something they want to do with the aim of getting rid of us. So, if you are invited to join a singles group, it's best not to. Doing your own research and trading independently is much more satisfying.

But what makes me wonder is how come this signal group has so many members and there are testimonials from its members who say it is one hundred percent safe and proven. I wonder if there is a conspiracy with the perpetrators?

If anyone is really trying to help people by making a better profit, then you can create a video or write a book about the strategy that you are using. I'm sure that's going to help people more than providing signals, and if you are collecting money for the signal, then you are not helping them, I see that as a business, you are just selling your signal to them. Anyone can claim that they are a professional trader, and they can create a group and start providing signals.

Whenever I see signal groups, I always see it as a scam, those people are out there just trying to make money and giving fake signals to people, and traders that are desperate to make money and too lazy to do research on their own will definitely look for groups like that and pay for them. Since most of the signal groups are fake, even if you think you have lost enough money and you think trading signals is the best option to win back all the money lost, don't be surprised that you are going to lose more money.

Rarely the signals providing groups are created to help the individuals but most of then are created only because they have benefit from such creations. I don't think that currently anyone will willing to help others because every successful person is engaged in their own business.

To avoid all these false groups try to create your own mindset so it will help you to take good step that will be full of success. They first try to get money through trading and if they failed in trading then they use other way through providing false signals to others because if trader loss money then it will not be the headache of group's owner.

Huh? I think the OP got more point than you, sorry. If we are good at trading, we can directly trade and make money instantly, while if we decided to sell our strategy, it may take a lot of time to gain a customer because people will still doubt at first, especially if they see that the strategy is too good to be true. Paid groups must have a better result than the free ones. Maybe you only joined a scam one?

And the signals that they are giving aren't that good enough. This is the only downside of joining these type of groups but I guess we deserved it because we are too lazy to trade on our own, or we are too lazy to make a research about the group that we are going to join.

A signal giver or blogger has a lot of success behind telling me. They will not waste time on us without interest. They will first open a group and let me join that group and they will release signals there continuously and after some days they will create VIP signal group there.  But when I start earning with their free signals I will follow them all the time and later join their VIP signals group even for a monthly fee. Basically this is the main purpose of a signal giver or blogger. I've seen many people on the Binance feed newsgroup using different signals to achieve this objective. Many people have different opinions on this and some people have no idea why they give free signals.

Well, some signal groups are created to help others, especially newbies but not with the purpose of making you earn a profit, it is for them to learn how to do it and it is free. But also, there are many groups that were created to scam people. It was those groups that were selling their signal asking for huge amounts of money and saying that it was accurate and make you rich if will followed correctly.

That is why it is very important for us to know the group that we follow. We don't have to trust easily because some scammers will just give signals for free first but later on, they will start to ask for payments even if the signal isn't working.

It’s clear that these people are just trying to steal our funds and pretending to be pro traders is just their excuse to lure people to subscribe on them and get their funds. This is literally a form of scam, and if you easily fall on their trap, you’ll be one of their victims who only trade and use their trading signals and get nothing in return.

In reality, they are not making profits from their own trading signals, but only to those people who have mistakenly trust them and pay them unknowingly.

Though they are doing this on a good rate at first but eventually, once they get your trust you can start expecting that those signal group will slowly fade away.
Paying them is like a waste of money and if you follow their suggestions, then that could be a total loss for you. Instead of paying those signal group why not use that funds to learn trading on your own? I mean its better to invest on yourself than to trust anyone especially if this is all about your money, you should be the one to have control over it.

These people have no other intention but to fool and deceive people by pretending that they are right and that their signal is working effectively. After giving free signals, they'll then ask for money in exchange for these unreliable signals.
Yes, if we are going to analyze it carefully, how they could say they are right knowing that the market is unpredictable? Because if we are really on our mind, we can think that is not true but all of those signals are just their personal market assumption and predictions. No way to trust them, they are useless indeed.

Some prefer to sell their trading signals probably because they aren’t sure too if it will be working in the long run. So instead of using it on their own and may lose their funds, at least through selling they will gain fixed profits that they might not gained if they personally use their own trading signals. However, some trading signals may actually work but if you trade and keep using other trader’s trading signals, you won’t be able to grow as a successful trader and might only be profitable at first but eventually lose all your money if you pursue trading without knowing how to make and analyze your own trades.

First of all trading groups are providing signals without asking for any fee but if they ask for some amount of money then realize that their main aim is just gathering money from others specifically from newbies.

 Some trading groups are also worthy not all of these have empty talks and if you are joining the groups which don't get money in return from you then there is no risk for you so if you get some worthy information from it then utilize it otherwise leave it because your money will be save.

You sure have a valid thought and point here, I personally have never been a fan of using or depending on some signal group for my trading activities, simply because of the already known fact that majority of such groups are being managed by scammers who are after nothing else but my money .

And I think that in as much as this space or saturated with scammers, I won't particular conclude that every trading signals group out there are owned by scammers, no, I personally believe that there are still a very few legit once that are owned and managed by highly professional traders who are just offering the subscription stuff as a means of creating multiple streams of income for themselves, but then, I will also mention that the scam groups have overshadowed the legit ones, it's pretty hard to differentiate the wolf from the sheep in this subject matter, so the best way to be save out here is not just stay away from every trading signals group.

This is the problem, you do not know if it's legit or not and why would you want to join something you are not sure if it's legit or not. I would say away from something like that because it makes no sense at all, it really doesn't make sense on the long run.

I think it should be important to realize that we are going to end up with a result that would be a bit harsher and you should be able to make it work eventually. I know that it is not that easy and it doesn't make sense at the moment to just trade based on signals of someone else, so it's much better to find your own signals and you can do that by studying indicators, when indicators hit certain levels you have your own signal and you can buy or sell accordingly.

            -  Yes, that's right, all traders have only one goal, and that is to make a profit. Today, we do not have the same understanding and approach to conducting trading activity. We each have our own prediction and our own method of how to make money in trading.

That's why there are two types of traders: short-term traders and long-term traders. In this market situation, it is better and more prudent not to sell at this time because we can still be considered bearish. That means this is not the right time to sell if we are long-term holders.

There are too few real successful traders who regularly trade with profit. In contrast, the owners of signal groups have a constant income, which does not depend on the state of the cryptocurrency market. In such groups, everything depends on how skillfully he will justify his unsuccessful deals so that the number of subscribers does not decrease.

It's really hard to tell nowadays if the group is actually legit or not since they are a group of people working together just to scam poor and innocent people. There's actually group pages that are worth joining where they post any news, updates and trends about crypto including trading.

It's really part of your progress, to learn on your own via experiences cause in the end of the day, you, yourself is the only person you could rely on in making risky decisions because it's your money at stake not anyone's. From your experience you could take it as a lesson to build up your skills and decision making.

Because they're a salesman, sales make profit by selling a product, signal group is the product.

If they're not selling any course and give it for free, they might earn money through their referral link or asking their member to use their exchange.

If they're not selling any course, give it for free, not share any referral link or asking to use a specific exchange, they're earn money through Youtube ads or people who're donating in their live stream.

They are professional traders and trading is their job. They only trade if they see good chance to have profit and see very slim risk if they open a position. They are experienced enough to ignore trading if they see risk is big.

Owners of group signals know newbies want to get rich quick with small capital. They give signals of their pumps and dumps that come from money of their group members.

They are skillful with their mouths and key boards for typing to deliver very convincing messages to signal receivers. It is roght that they get constant income from group membership fee and profit from their signal games.

I'd rather trust advices from a group of trading experts rather than relying on free signals.

Being a parasite to have those free signals will never bear anything in the long run, compare to advices which you can use on developing your skills in trading, because it will guide you and answers everything that you wanted to know. I also knew a group in Facebook which they guide newbies and they help each other but not giving any signals, instead they are just giving their opinion on a certain chart for example, etc.

I think you have been in this forum for a long time and you have done your research. If so, then you already know from many topics created in this trading section about signals, trading groups, bots, AI bla bla bla. Anyway, if you haven't done that yet, then I will suggest you do that first. I will never suggest anyone join any trading signal group and do trading given by their signals. Doesn't matter if they provide legit signals or not. You will become dependent on them. And when they will vanish and you will be left with nothing, how will you trade? All you did was follow their command like a mindless fool. Now you need to trade but you have no idea how to do it.

All I am saying is, that learning it and doing it on your own will always be the best course of action. Whether is it a short-term goal or a long-term goal. The thing you learn by yourself will stay with you till the end. You won't have to depend on others to achieve your goals. Focus on the future rather then prioritizing your present small goals.

In fact, trading experts - if they really know how to make money - won't give good advice for free. And if they give you advice for money, that money may be the only thing those "experts" get. So rely on yourself and your intuition, not on other people's opinions.

There are no certificates for traders who are called professionals, usually they often post on social media about the benefits of trading but other people always think they believe it, but I'm not sure.

Yep, of course there is another motive, namely getting money from members who join by subscribing every month to the signal group that was created, maybe when they have become professional traders but they just want to use their skills to deceive others.

It makes sense because a professional trader will not continue to make a full profit, there will definitely be losses and mistakes in analyzing it, my guess is that those who make this kind of thing are to get additional income from what they make.

Monthly subscriptions don’t work, I use a system which is one time on an instance or the source code, which I have, it creates signals but I can adjust the coins it tracks for highest profits, like XTZ last month but Doge a few months ago.

This is also why signal trading is not ok, better to be more careful if you are going to follow this kind of signal.
Traders don’t need to have a certificate though because anyone can be a trader. Creating a signal group will always have a reason and most of it is to scam their believers, so if they are claiming to be 100% safe with a minimal fee, better to run away because its a potential scam and you’ll gain nothing from them.

Probably they aren’t getting profits from it in the first place that’s why they decide to bargain it and here come these innocent people trying to take advantage and end up losing their funds in the end. The higher the chances people resort into trading signals to use as their own, the bigger they acquire losses from trading. Except for professional and profitable trading signals providers as they can be reliable, but most of them who sell their trading signals, their actually not worth the penny. Everything that is too good to be true is actually a fake one and will only ruin your finances in the end wishing you didn’t bite the offer in the first place.

Most likely, they are paid testimonies just to promote their trading signals. Or worst is that these trading signals providers are the ones who are also leaving positive reviews on their own group. So if you don’t make a deep research, you will not know that these are all lies and anyone who fall on their strategy will certainly regret in the end.

The signal is not the required in the trading,the signal itself the product some people target the fresh traders.All the freshers will come across the signal pump and signals dm from some representative.If you learn trading using your own knowledge,why should you need to hire or pay for the signals.Just spend some time to learn the trading,even it take one month.It will be your time invested on the way of good profit in the future.I had come across many people who had earned huge money after they learned from their own knowledge and the experience.

Thats why in depth research is really that relevant or significant because we do know that creating false or fake feedbacks is really just easy as 1..2..3 knowing creating accounts is really easy as pie.
Therefore, chances those feedbacks are really just that on the same owner which we should really be needing to look upon or we should really be that careful or else we would really be easily be victimized if we arent really that vigilant or really that observant. Always be having that realistic approach on things which its true that if they are really that making money then they wont really be bothering themselves on creating a group
for some extra income which could only get some peanuts.

This is why it would be always that recommended on making your own trading analysis and steps on which you would really be learning at the same time rather than on following someone
on every trades that you do make. Nothing beats out on the learning that you could get came from your own experience and dealing with this market.

Have been a victim of premium groups multiple times, spent a lot, and actually never made anything from them. Most of those group owners are not professionals themselves they only claim to be, their main source of income is from the subscriptions people are paying them. Everyone should be careful to avoid being a victim of such scam.

I don't see them being profitable when they decide to sell it to other people. The only way they'll be in profits is when people decide to subscribe in them and follow their trading signals. While they can be making money out from us, we are also losing and wasting our money on the other part as these trading signals may not be totally reliable and may not be working in the long run. This is the reason why it's better to analyze the market on your own and crate your own trading signals that will definitely work on you as a trader.

It is true, if you look at the certification, the traders who are under the auspices of this crypto signal platform do not have a truly clear certification regarding their professionalism in trading crypto. However, what I know is that most likely the traders under the crypto signal platform are indeed professionals in the field of crypto trading. Because even though I have never used a crypto signal platform at all, what I have heard from several of my acquaintances in the crypto world who like to use crypto signal platforms, is that the signals given by traders on the platform are often correct. So keeping this in mind, I can't say that all crypto signal platforms are scams or lies. Although it does not rule out the possibility that there are crypto signal platforms that were created to deceive. But in reality it seems like this crypto signal platform can also be trusted.

In my personal opinion, crypto signals are definitely a business and there may be an intention to utilize the knowledge they have to benefit many people. Because for example like this, many millionaires or trillionaires hold seminars related to their success in managing business. And to attend the seminar there is a fee per person. So if you refer to OP's opinion, why do billionaires or trillionaires want to share their knowledge with many people? and why doesn't the trillionaire use his knowledge and experience for himself, that would be better and less troublesome. So in essence, the crypto signal platform also creates a business, in the field of services related to crypto trading, and in return charges a registration fee to its consumers.

And it is very likely that the profits that can be achieved by this crypto signal platform are quite large. In addition, traders who fall under a crypto signal platform, apart from providing signals to their customers, will also most likely carry out their private trades. So the trader has income from his personal trading and also provides signals to his customers.

That's the common things, this world is full of scammers. To me most of these groups seem to be primarily scammers but it can be different in some cases who provide signals as well as some technical knowledge. I always avoid relying on others for trading, because I have faced losses many times in my life.
But there may be some dedicated persons who give free signals to increase their exposure and maybe help people, I have seen some groups through which it is possible to earn profit. But remember one thing but there is no guarantee that there will always be profit in trading.
Trading has both loss and profit. One trader will lose, and another trader will gain. But some groups can be followed which give some idea about the signals as well as technical and fundamental knowledge. Moreover, I don't think it is wise to avoid any group that guarantees to bring you profit just by giving signals.

Of course the world is full of scammers, but the more premium signal groups that provide people with signals for trading, the less likely they are to be scammed.Such groups give you signals but their signals have a very low profit margin.They have 70% to 80%  signal accuracy.Some people even earn great profits from their signals but trading on their signals requires a large amount of money.


Some people also give free signal for first demonstration, and give an impression of how good my signal accuracy is, then after some time the same people create premium group and ask people for monthly money. Of course, there are both gains and losses in trading. You can make good profit and you can also make loss. A trading signal group can be followed but in my opinion one should try to learn on their own rather than relying on others. It is better to gain knowledge and experience on one's own rather than paying others. , because if others can learn and tell you, why can't you try and learn.

If the groups are for information sharing only, I don't see any reason why it'll be wrong to join the group as you can use them to stay up to date with what's going on in the market but when they start sharing signals then that's when you have to leave because many signal groups owners aren't professional traders and they're anonymous. When any individual is skills to know how to trade very well, they will not want to expose that but stay hidden and make money in silence.

Those loud traders on the internet exposing their accounts and bragging about how accurate their trade are are doing that to gain followers so they can become cryptocurency influencers to make money from shilling shit coins to their followers and get rich while doing so.

Such groups can be created for various reasons, both to make money from advertising, when this group becomes large enough for this, and for possible manipulation of some kind of token. There are many reasons, but you must understand that the one who creates this group primarily wants to benefit for himself, and the last thing he thinks about is his subscribers. If you like such groups, you can use them for yourself, as a test of your own actions in trading, but I don’t know if this makes sense, try to learn from your mistakes and not repeat others.

Yes, there’s no wrong if they only aim to educate the people about trading signals but once these signal group owners provide trading signals and ask for subscription fee, that’s the time that we should start doubting. Obviously, it’s not to help us gain profits but for them to take advantage over our funds. If we are still beginners in the trading industry, most likely we easily fall on this kind of trap especially that most beginners nowadays are trading for instant money.

Only professional traders have those certificates you are talking about. We have real trading OGs in crypto that are good in trading and don't have any certificate, you don't need any certificate to prove how good your are in trading but your portfolio will speak for you. That's the only evidence you need to show the success journey of your trading.


Let me summarize trading groups for you in short form.

If there 100 trading signals that are in existence, 99 of them are not what they say they are, they are all scammers. If you watch closely, you will found out that they only display their winning trades when in real trading, there is losses too but they don't show that to give you good impression, they know that's what you want to see and that's exactly what they are going to show you to convince to take either a professional course or join their paid group where you will not make any thing at the end. They also make the subscription to be renewable to keep making money from uninformed newbies that want to earn money from traders.

First of all trading groups are providing signals without asking for any fee but if they ask for some amount of money then realize that their main aim is just gathering money from others specifically from newbies.

 Some trading groups are also worthy not all of these have empty talks and if you are joining the groups which don't get money in return from you then there is no risk for you so if you get some worthy information from it then utilize it otherwise leave it because your money will be save.

Any trader that is behind a signal group which hides their losses is a scammer, because they know that if they showed their real performance and people saw all the instances in which they made a bad trade and they lost money then no one will be interested in hiring their services.

By hiding their results they are deceiving their clients by making them believe they are better than what their results indicate, and as such we cannot describe their behavior in any other way.

sometimes i do think of it as well that why would you sell but i later realized that its a another way to generate income. basically there are many struggling or losing traders out there and they would like to earn like the pro which is why many people subscribe to a signal group. since people see this as a way to earn more money so they just keep opening premium group and show some flashy photos or videos or winning trades which is enough to get some people to pay for their signals.

If you do really find yourself that really that joining and keeps on paying up that subscription just because you do really believe that it could really make you profitable then sooner or later which you would really be

banging up your head into the wall on the time that you would really be able to realize that it wasnt really that significant at all because those groups are really just trying out to lure those noobs to join up
without having those significant usage or results that they are promising. If we do really just make use of our common sense then it would really be just that so enough that it would tell us that there's no way that those group owners would really be that asking for some penny subs amounts if they are really that making huge money with trading. They wont really be bothering themselves on running one if they are really
that making truly some huge money but rather they would really be spoiling it on their own rather than on tending to share it up.

99.9% of them are scams and it would be just that bettter if you do find yourself that joining into those groups which are free but sharing up on that relevant information and analysis
on which you could really be apply into yours.

Selling a signal is more profitable than trading directly.
Since there is no risk and only one signal is created, it can be distributed to many people.

People who don't want to learn too much about trading and don't want to bother analyzing, choose to buy a trading signal service that helps them more.
But will it really help or is it just a signal that doesn't mean anything?

Some of the free or premium signal groups that I have come across will usually provide some sort of entry and exit targets so that there will be simultaneous buying and selling action by those who subscribe.
This is an opportunity for the signal owner to buy at prices that have not been pumped and sell at prices that have not been dumped, so that the signal owner will have double the profit.

But are there signal groups that really provide education and how to trade well and correctly? Of course, there are and it is quite rare, there are only a few of them, and even then only certain circles.

I have joined crypto social groups before, but the difference is that, the group that I joined doesn't require any subscriptions or what. And yes, they provide signals and analysis about trading matters.
Here is the thing, the one that I joined before is like a community of traders who wanted to help each other in trading but does not demand money in return because the sole purpose of the group is to help everyone to make better trades.

This is actually my first time to hear that there monthly subscriptions in other social groups. And as from what I am seeing here, they probably created the group for them to generate passive income aside from their trades. Or most likely they are scams and makes false signals.
So, in case you are planning to join groups in the future, make sure that they are trustworthy and reliable.

In my understanding, signal trading groups offer to show the capital of others who will trust them to grow it. What percentage is that? That depends on their agreement. Now, how much is the minimum required? The amount is also different and not the same.

That's why I noticed that most of them are scammers. Especially if they know that they will send money to the group you joined, that's when you can see the intention and motive. This is for people who are too lazy to trade and analyze the actual chart or graph. That's why the risk is really quite high. What if you lose, then you have no income? What about the money you traded with them? Will it be lost?

it's real, it's true, and also they have a lot of followers on the telegram channels where they share signals.
if you are not comfortable, then just ignore them. everyone has their own way. You don't need to get too involved in problems that are not a burden to you.

they do not have any certificates to show their analysts are professional traders. they share testimonials from the signals they share and the percentage of success of the signals.

they want to form a community that follows them. maybe initially it's free, but in the future, they will make a paid one. maybe also collaborate with a new project that asks you to join. but the project could end up being a scam.

Trading signals are actually not reliable according to my thoughts, as premium groups in the telegram include a lot of scammers, which take only money from the beginners and they didn't even tell them anything about the trading. Mostly, they just give signals according to the graph they had studied.
But I prefer you don't be ever involved in these things, if you are a beginner just take a step to learn trading skills and I hope from yourself you can learn a lot. And it will take time to understand the things that are really involved in trading.