If you must follow or use the services of trading signals providers

[Fatunad]

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

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

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

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

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

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

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

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

[Dzwaafu11]

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

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

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

[Renampun]

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

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

[mirakal]

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

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

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

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