Bitcoin Forum

Do trading signals work? If so, which is the best?

In my own opinion, I preferred the DYOR or Do Your Own Research. It is much reliable than trading signals. Aside from that, if you have some losses, you have no one to blame but yourself and from that losses, you will learn. It is ok to follow trading signals but use it only as a guide and not as your reference to buy or to sell. If you are following some trading signals, you should still make your own research about it.

Recently i joined like 4 telegrams with the single purpose of understanding if they are worth it or not. All i can say is that most of them are not worth at all. Instead of giving signals they are more worried on spamming the channel with the links of other telegrams channels and when they do give signals most of the times are not even that accurate. So i wouldn't recommend.

PS: Apart from advertising other channels they also advertise premium/vip channels that are paid. I never tried those so i have no idea if they are worth the money at all

Generaly yes, they do. But you still don't have any guarantees of getting profit even if you are following signals of a reputable trader. Not all positions are profitable, no one trade without loses. So even if you follow a good trader you may simply loose your money on the size of your position. And ofc the signals can always be wrong. The advise is simple: don't try to look for free money.

Almost every day on the forum there are reports of super community that provides the most accurate and profitable signals. My advice: pay no attention to them, and the moderator should block such messages for spam

Try to do your own research. It cant hurt to look at technical analysis, but blindly following signals from a black box is not something I would do

If you want a really good signals you need to learn to read candle stick and learn also how to analyze. There are so many guides there, search on google, in this forum, watch some videos on youtube and be familiarize each one of it.

Learn to read sir and make some research and I'm sure you can make it ;)

i think depends on myself better than other. so self experiance is better.some group give some tradding signal.some works and some don't work.And some group cost money for signal.but i did not try it yet.

can anyone recommend a good paid group? thanks!

I agree with your post .. the signal is made for our analysis tool to the coins we trade. sometimes it is true signal but it is only once or 2 times .. the key is confident ourselves for get profit

If you have a telegram channel that you trust and have exchanged before, it's better.
Sometimes they advertise for profit.

Learn to analyze the market and trade yourself. The signals work, but not always as needed. And you can hold several deals in a plus, and then get on a deal with a very big minus, or become an investor (if you do not want to sell in the negative). In order to trade in plus - the market needs to be understood.

They work, the only thing that doesn't work  is that you need to find a good group who can send you nice signals, but most of them are paid channels that are always asking you to pay upfront, and what if they never add you to the group?

Also without the need to become an expert, but I d advice to read a few books about trading to learn atleast the basis.

No, they are shit, you will need to pay a huge fee without entering the group before (as long as you are talking about those telegram groups right)

I talked to an administrator of one of those groups a few days ago, and he wanted to charge me more than $800 just for joining in there for a week.

And their signals are crap, no one deserves to spend their money in here for receiving total bullshit.

Not all of them signal trading work. Be better if you do with your own knowledge. Because trading crypto using your asset

You really dont need trade signals, what common in all those signals group is THEY GIVE SIGNAL WHEN THE COIN IS RED and of course in a few days it well rise up again (assuming you did not invest in shitcoin) which you can do it yourself without the help of signals group. At the beginning its really hard, but you'll get used to it, in the long run its more beneficial you learn it yourself how market works rather than being dependent in signal group. 

some signals are worth it  while some are intended to pump and dump coin.... my advise learn to study candle sticks and use RSI before entering into any coin

In trading you need to decide hardly for your investment even if have good signal for what coin have possible to uprise in the market  wthin 24 hours  but sometimes have many fuds so do not relay your decision into the other person you can decide for yourself.

cant agree more .

signal groups / channels are now money making groups for its admins .
stay away from such things , otherwise if you fall in trap anyday then you may lose your hard money for such scams .
do your own research and give some time to gain knowledge on projects .

Some trading signals are works, But i will not suggest you to follow their signal's since you are a newbie in trading, its better for you to make some research and study how to read candle sticks, because this will help you.

There is no any signal work consistent so far so you have to use or follow the signal wisely.
I know there are some expert have open a signal group, some of them free and also some are chargeable but for me own research is better than just as follower.

It is better to have a guide specially if you don't have enough knowledge in trading. Be more cautious and vigilant if you trade without a guide.  Scammer is everywhere.  It is best that seek help to those experts.  

I have this group that I think what you mean. It's Crypto Signal which send me message on when to buy and the updated exchange rate of altcoins per BTCitcoin or Ethereum. I'm not really a fan of it or doing it. I'm not good into trading but I have done it safely and several times without consulting on that group. Trusting on that trading signal maybe good because for sure it knows how the thing works. But if you want to do business without blaming anyone but yourself encase of problem.  You should do it on your own. Just try to learn it more and more until you know and you become pro. Good luck.

Not all the time because no one is perfect, I also do follow trading signals and currently I am stuck with a loss.
I think as long as we know how to have the right patience we can eventually get out with a profit, whether we are for short term and long term hold.

I know there are many channels that provide commercial signals on social networks and telegrams. The accuracy of these signals is relative to the intent of the person who created the signal channel to share or to benefit from those signals. So analyze and track the signals of several channels, then decide if you should invest or not.

trading signal not accurate and always work. I experience it before, there have many paid group but not always work everytime, so I think its dependon u

If the trading signals are from pump groups then you are just fooling yourself if you think they are working. The signals that you just need to know are the kind of information that the coin is worth for the long term.

Unfortunately no, all the technical analysis with fancy name is not going to be accurate for 100%, especially in crypto which all the factor is coming from the demand and supply, but it can give a good information how the market moving, I suggest you to learn the analysis by yourself and see what is causing the price to move, trading signal can become a reference but not to be trusted 100%

It would work but it doesn’t mean you will totally rely on it for a trading frenzy.. It’s has to be balance with self-learning and advices from expert or a much experience friends,, is a much better trading strategy.. Just look those signals as an opportunity but decisions must come with the knowledge you acquired through experiencing and observing the market movement that you build time in time..

I think that to know the time and the signal to trade you need to have certain experience and knowledge about the trade. Examples are charting skills, technical analysis, information gathering and searching skills. You also have to be alert before all situations avoid the crowd. I believe that if you have enough elements you will trade successfully.
Good luck

Do not rely to signals because they not are not always true. Themselves analyse and do your technical analysis

Most or if not all trading signals group on telegram are a scam. The admins would release trading signals and greedy people would clear the sell order books of that particular token or coin.At the end of the day, the admin profits by offloading worthless token to you in exchange for a handsome sum of money. Personally, I lost about $200USD  worth of BTC from participating it. Reviews and general sentiment can be bought and influenced respectively.

I have joined several trading signals groups and even paid signal services yet not as profitable as they claim. It is based on their opinion and no scientific evidence backed their signals. The best trading signals is from your won research and analysis.

It's a good idea to discuss with traders more experienced than you, because they see a lot of microsignals that you don't perceive, and - if they have the patience to explain them to you in real time - you'll have the occasion to learn a lot.

But if someone ask money to give trading advice, well... it seems to me a complete nonsense:  if I had some secret information or some magical method to predict the price of a coin, I'm pretty sure I'd keep it for my self!
It's the same as I'd sell information about how to win to a lottery!

So, I know that there are lot of sites that sell this kind of advice, but I think it's much better to make your own experience and of course - if you have the possibility - to work with a professional trader. Nothing in this field can replace a good mentor.

I think this is a very potential market that can bring us huge profits through trade. To be able to trade well you need to learn a lot and also lose a lot of things, according to my experience, when I explain the graph of price goes flat, it is the most appropriate time for us. can buy. It shows that there is tremendous resistance and preparation for a major reversal.

You can get trading signals from your experience, not relying on other
people's opinion and news. Just dive into trading. After that, when
you made mistakes, make sure you learned from it and as much as
possible don't make it happen again. Compile all your learning and
share it to us.

Discussions between traders can be extremely useful, and sometimes an advice can help you to make a big gain or to avoid an expensive mistake.
But to trust a commercial site who offer payed advice seems to me a pure nonsense.

Many uses this strategy in trading, when they thinks the price is good enough after a pump they will sell them and when it drops then that's the time to invest, for some it really works but I think making some sort of research and knowing the trend of pricing can helps a trader if its a good time to sell or buy.

I do not recommend using commercially available signals because basically I understand the purpose for which these signals are made. Do not rely on that information unless you have to spend money to buy quality information from whales. That is my advice a person who has invested a year in this market.

The problem with these signals floating around is: that most of them are fake and only meant to make people buy something or sell something else...

Seriously, if someone knows of something cool, hiding it from the general population of traders will work best for him! So, the only signals that correctly work is those which you find yourself, with your own research and analysis.

Trade Signals are the way that speculators navigate the market in their own way. So I think you do not over-believe the signal groups, just consult these groups and analyze the information you get very carefully before investing in any crypto coin.

At first i relied on signal but i try to do and do it by myself. I opened google and youtube for weeks, that's the first thing i did, chose the indicator that easy to understand. After i choose 1 or 2 indicators i watch the chart how the chary shape and the point of dump or pump. I'm sure you can do it too.

No. Trading signals are sometimes will be the source of getting lose in trading. The best way to do in trading are study the flowchart of the coin, study the buy and sell rate of the coin and be updated about that coin. Trading signals can help you in trading. you can use trading signal as reference in trading so that you can have strategy in their signals. Be wisely in trading so that you can earn more profit.

yes the signals work) they are many, in the majority they are all true, although there have been sad cases

I don't really believe in trading signals although there might be some who really do work. But in my opinion, it is much better to teach yourself and be independent and do your own research so you'd be really good in trading and would not depend on other peoples words. And it would also be more fruitful and it would feel so good to make profits based on the knowledge you gain by learning.

Signals from most of the group are late. Early and accurate signal mostly comes from paid group

honestly trading signal is not very feasible because if you know trading signal has a chairman or command who told to buy the coin and if you know they have bought the coin first and you will only be made in person who bought the coin they have bought and when already up then the price will be directly in the dump until the price back to the base price without a signal. so it's best to avoid those signals and learn the graphics yourself will be able to benefit a lot more.

The suggestion on how we enter trading in currency pair by specific time and price.. I mean you can handle every single details of your investment.

Trading signals are for the lazy, for those that want to obtain the profits of trading but do not wan to go through the trouble to learn how to do it for themselves, I will save you time and money trading signals do not work but even if it worked you will need to know about trading in order to perform the instructions given in the signals and also you will need to know about trading in order to be able to know when the signal is mistaken and avoid making that mistake.

Believing the same thing and no trader will surely share out their trading secrets on being profitable. Trading signals don't really exist at all but somehow we can create on our own ways to be profitable without relying others false claims or signals that they do say its profitable which is actually not.Dont really rely into these things better to make your own trades basing on your skills and with your own knowledge.

Simple everything follows bitcoin