Can Signal Trading work for Cryptocurrencies

[wozzek23]

Besides following that sign, we need to have another strategy, just if the market changes the direction so we can be ready for any situation. That will help us to determine the step that we need to do related to the market movements.

Your approach sounds like super-safe-heaven-strategy against fail proof because when we are having backup plan then definitely we can cope up against any kind of market fluctuations. This is simply a derived approach of not depending on only one resources; definitely this will help any trader. You must need to keep checking like everything is going as per your plan if anything changes then you need to react immediately so that you could avoid unexpected things; for changing things, you are already set with plan-B .

Most traders don't have another strategy because they step follow the market moves, and when everything changes, they panic and will cut loss before too late.

When you are not experienced enough then you will approach trading without any proper plans. For example, most traders in the beginning days will enter the market without any idea about stoploss ranges. Only when market goes in negative direction, they start thinking about stoploss levels and then get panic and do whatever hit in their mind out of emotion failure; which usually leads to big losses rather than cutting losses earlier.

due to the level of technical analysis we have incorporated in our strategy, it will vary in accuracy. Then we must need to adopt some other strategy which will be having more accuracy rate.

This is nothing but improving your technical analysis and strategies. You must need to do this periodically so that you will stay competitive in the markets. Traders who are stuck with their old strategies definitely will fail over the time.

[AniviaBtc]

I do not believe on signals so I do not have trust on it. Relying on signals are so risky for me because you are just following a certain plan and idea of another person. What if what he said is not true then you put big amount of money in that trade and you lose huge money? What will you do? will you rely on signals again? Of course not anymore, it is better to not believe and subscribe in signals and pumps and dumps group.

Signals can be deceiving and can also make you lose your money. You should always be mindful of the market so that you are aware when to buy and sell.

Many traders are still not that knowledgeable about signal trading as it is not a 100% profit when you do it. Trading signals can also be fake and can cause you huge losses in the market.

People can learn those things so that they will avoid relying on those signals, but manual technical analysis is really much better among other strategies to know when to buy and sell assets. As long as you are working so hard to learn more in trading, you will see that technical analysis is the most effective thing to do before making strategies and plans in your future transactions.

[Dilerium90]

Hello everyone. I have been so curious about this lately, can you buy signals to trade cryptocurrencies concerning the volatility and how it moves. There are lot of forex signals out there that you buy and make a lot of money from but i dont believe it works for cryptocurrencies.

I need your opinion people

Signals are always taken from some system. Technical analysis itself works in any markets and cryptocurrency too. If a person is able to use technical analysis, then the signals will be adequate. Another thing is that relying on someone, you give him responsibility for your actions and money. Instead, it is better to learn how to trade yourself, and make money. ))

[matchi2011]

I do not believe on signals so I do not have trust on it. Relying on signals are so risky for me because you are just following a certain plan and idea of another person.

Copying other persons trades can harm your investment, the person  can easily adjust, while without any knowledge you can't.

What if what he said is not true then you put big amount of money in that trade and you lose huge money? What will you do? will you rely on signals again? Of course not anymore, it is better to not believe and subscribe in signals and pumps and dumps group.

Mostly happening to every traders who doesn't know how trade really works, if they just can easily being moved by other people's
opinions, always best to relied with how you understand your investment.

[Kelvinid]

I understand that most new traders had fallen into this kind of trick, relying on trading signals pretending that it works perfectly (or at least). This is just lying sentiment and can't be true at all. I know that signal is a tool for trading but you can't just rely upon it. We know that we are in volatility, price isn't predictable, and that to think that this will never work as well. Because in the first place, why people will share their signals if they can benefit from it, why keeping it own for they are also in trading. It is that simple that we want people to buy it and take advantage.
This is how whales manipulate the market, you can be their prey if you will follow them.

[Gozie51]

What if what he said is not true then you put big amount of money in that trade and you lose huge money?

Even when you are trading by your own provided signal, you are not to over trade or become too confident and take irrational and unfortunate risk. So taking a risk you can bear losing is the proper way to trade.

[LbtalkL]

Those signals are just made by a trader, not from a fortune teller whatsoever, So it is not right all the time. Beware of the signal group most of them will encourage you to buy their VIP signal which costs a lot. They are just milking those newbies who avail it. The point is if they are good at trading for sure they will earn a lot why not share their knowledge right? It is always better to trade for yourself even you lose atleast you learn from your experiences.

[harizen]

.. why people will share their signals if they can benefit from it, why keeping it own for they are also in trading.

The benefit is the paid subscription.

That's the reason why those pretenders share their signals that claimed to be "profitable".

Sometimes, it's good that even just for once, people experience being caught up in a trap of these pretenders to learn the lesson. Even there are lots of warnings and some understand the risks, there are still people who want to test the waters of buying a trading signal.

[Oceat]

Yes it works but not 100% sure, even with all this signals sometimes, market can decides to disobey the signal law and went the other way, so I will advice you don't put your trust fully on trading signal, understand the fact that trading is a risk, nobody can predict what the future holds for cryptocurrency markets.

Well, most of the time signal trading doesn't work at all since it's an open market plus the volatility is too strong that even a few seconds the prices would suddenly change. The only one who can benefit from the trade is the person who gives the signal this trick is asking you to pay for subscription promising they will give you the signal and that's it. It might work once or twice but not consecutively.

[Sebas.tian]

Am not saying this is not available in cryptocurrency, but this will be more difficult to get through compare to others like stocks market. There are thousands of applications that could be use for this assignments but the truth is, you might ends up achieving nothing. Those pumping groups are those who will provide signals and await their associates to buy so they can sell their bought tokens. Don't fetch cryptocurrency signals from telegrams groups because they are all scam.

[stomachgrowls]

Hello everyone. I have been so curious about this lately, can you buy signals to trade cryptocurrencies concerning the volatility and how it moves. There are lot of forex signals out there that you buy and make a lot of money from but i dont believe it works for cryptocurrencies.

I need your opinion people

Buying signals are totally bullshit and if you do rely into these calls then you are bound to lose up money way more that you do expect.Im aware with those signals floating around on Forex or stocks market but i dont see for those calls to be accurate or to be precise yet even on a centralized market, possible manipulation is very rare on case or shall we say insider information is not really very that common.

Same goes here on crypto specially on the essence that this market is way too unpredictable and very highly reactive to news and events or does even move without significant reason which would
leave some questions boggling into your mind.

Trade on your own and dont rely with others call.This will just surely give out that regret feeling.

[Gozie51]

Because in the first place, why people will share their signals if they can benefit from it, why keeping it own for they are also in trading. It is that simple that we want people to buy it and take advantage.

I think strategy is different when they say signal. A strategy directs the trader who sends signal order to someone either for sales or for free. But they are different things. Some people can sell signal to others but I don't think it is the best for a trader to rely on it for their trade.

[michellee]

Besides following that sign, we need to have another strategy, just if the market changes the direction so we can be ready for any situation. That will help us to determine the step that we need to do related to the market movements.

Your approach sounds like super-safe-heaven-strategy against fail proof because when we are having backup plan then definitely we can cope up against any kind of market fluctuations. This is simply a derived approach of not depending on only one resources; definitely this will help any trader. You must need to keep checking like everything is going as per your plan if anything changes then you need to react immediately so that you could avoid unexpected things; for changing things, you are already set with plan-B .

Hahaha, my approach does not always work since I don't know where the market will moves. But with the second or third strategy, at least, I can try to prevent any worst situations such as dump at the market, which can happen anytime. Even if somehow I miss the time to checking the market, with using the alarm, I think I can back to check the market as soon as possible after the alarm sound.

Most traders don't have another strategy because they step follow the market moves, and when everything changes, they panic and will cut loss before too late.

When you are not experienced enough then you will approach trading without any proper plans. For example, most traders in the beginning days will enter the market without any idea about stoploss ranges. Only when market goes in negative direction, they start thinking about stoploss levels and then get panic and do whatever hit in their mind out of emotion failure; which usually leads to big losses rather than cutting losses earlier.

That happens to me in the early time to trade and make me confuse without knowing what I need to do. At that moment, I don't use stop-loss but hope that the price will be back to the higher price after it's down. I also panic when the price is down because I don't know how to prevent or use the stop-loss function.

But from that moment, I try to learn more about trading, and I learn about controlling myself.

[Insanerman]

Hello everyone. I have been so curious about this lately, can you buy signals to trade cryptocurrencies concerning the volatility and how it moves. There are lot of forex signals out there that you buy and make a lot of money from but i dont believe it works for cryptocurrencies.

I need your opinion people

Subscribing to a signal is actually reliable, but be mindful that not all signal services are good enough in excange to your subscribing fee. If you are planning to subscribe on a signal service, make some researches first, if you found a good one, that wiil be worht it. They are reliable because those that has good signal sevice can help you to decide more rationally as they are based on the latest market analysis.
For me, it's much better if you will also study the market and make analysis on your own.

[AakZaki]

Beginners choose the shortcut to use signal trading services in the telegram group that is provided free or paid to trade without the need for analysis. Using trading signals will make him addicted and unable to develop himself.

The profit gained by beginners who use trading signals has been set by the signal group owner. of course those who have a trading signal group benefit from you if the trading signal is paid and the next benefit of a few coins is recommended to buy. whereas before they had made a purchase first. Free or paid trading signals will only benefit the group owner. But there are some trading signals in which have education to start learning technical analysis. But I don't recommend following trading signals.

[lixer]

If you’re going to be looking for crypto signals make sure that you have enough money to be able to go for the paid signals and not those ones that they will be doing for free. If you’re going to be relying on those free crypto signal groups, trust me when I say those people don’t give an f lol. Since nobody is paying them for the job they are doing, they don’t care and won’t put much effort into the work they are doing. Why should they care when they are benefitting from it? So I won’t blame them.

90% of the times you’re going to be getting wrong signals, that’s if it is not 100% of the times. So I will advise you go for the paid signals, and be careful the ones you go for, some of them are scammers.

[Savemore]

First thing I will discourage anyone who are willing to buy trading signal especially for cryptocurrency trading. Because even their few signal become true but eventually you will regret from their signal when you will lose funds on a trading. What I had heard, most of people lost funds by buying signal and now they are trading themselves. Just imagine, if someone could give you perfect signal then they could make million dollars by trade themselves instead of sell their signal just for few dollar. So better avoid such as paid signal and learn as much as you can. Trade with patience and likely you will gainer than paid signal.

We should really discourage people who want use signals because majority of them or maybe all of the mare fake. I know the reason why many newbies wants to have signals because they think it is a easy money for them in trading. This kind of reason will lead them to become dependable on signals while they keep losing money, why will you join in a paid signals where you can incur more losses. It is better to trade with ourselves than to believe and trust paid signals out there.

[divina marine]

I think it can work sometimes but not frequently. As crypto currencies are highly volatile and it is very hard to predict the exact pattern of crypto's. Thus, it is foolishness to pay huge amount for crypto signals.

[gabbie2010]

If everything is done correctly then everything will probably work out.

Not all signals given does workout in this crypto volatile. Many times, people had fallen in the trap and has lost money since signals were not favourable to them and mostly the pump and dump startegy was being used. So instead I would like to learn myself and get my skills up the curve so that I myself can identify the levels and then deicide my own trading startegy.

Having some basic knowledge in trading will guide people who buy signals especially in crypto trading, I can't just buy a signal and trade blindly with an input even in forex I do analyze those signals with my own strategy to verify the authenticity of those signals before pulling the trigger of buying or selling honestly the best bet is to learn skills of trading and get a feel of it rather than relying on paid fictitious signals that could in a long term rekt an account.