signalpush.com? Is it legit?

[SebastianJu]

Does anyone know signalpush.com? Is it a trustworthy service and how trustworthy are the performance stats for signals there?

As far as i understood it they are similar to tradewave and cryptotrader, only users can either offer their bot signals to others or they can buy the signals.

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[Indamuck]

Does anyone know signalpush.com? Is it a trustworthy service and how trustworthy are the performance stats for signals there?

As far as i understood it they are similar to tradewave and cryptotrader, only users can either offer their bot signals to others or they can buy the signals.

Do you have any trading experience Sebastian?!?

These types of scams have been marketed to stock 'day traders' for aeons. Now the scam artists think they've found a whole new pool of unwitting dupes.

Winning systems are not for sale. Only losing ones are.

[SebastianJu]

Does anyone know signalpush.com? Is it a trustworthy service and how trustworthy are the performance stats for signals there?

As far as i understood it they are similar to tradewave and cryptotrader, only users can either offer their bot signals to others or they can buy the signals.

Do you have any trading experience Sebastian?!?

These types of scams have been marketed to stock 'day traders' for aeons. Now the scam artists think they've found a whole new pool of unwitting dupes.

Winning systems are not for sale. Only losing ones are.

I have, though im not as good as i would like to be. 

I know that bots can be quite good in predicting but the perfect entry points on these images look too good to be true.

What i wanted to know is if signalpush is legit, then could the performance tabs be faked or would that be not possible. And if they cant be faked, maybe its not a real bot running but an experienced forex trader giving the signals. Would be fine until enough copies are sold and the signal vanishes.

Im trying to get into forex now, because i hope the market is less likely to be manipulated and that technical analysis works better than with bitcoin fiat pairs.

[Indamuck]

I have, though im not as good as i would like to be. 

I know that bots can be quite good in predicting but the perfect entry points on these images look too good to be true.

What i wanted to know is if signalpush is legit, then could the performance tabs be faked or would that be not possible. And if they cant be faked, maybe its not a real bot running but an experienced forex trader giving the signals. Would be fine until enough copies are sold and the signal vanishes.

Im trying to get into forex now, because i hope the market is less likely to be manipulated and that technical analysis works better than with bitcoin fiat pairs.

The reality is technical 'signals' don't work. Professional forex traders use them as a minor input, but they are largely event trading, with macro analysis, combine with the human (trader) element. Successful trading is not programmable, unless you find some arbitrage opportunity. Anyone who finds an arbitrage opportunity doesn't sell it. They trade in until it ceases to exist.

If you want to trade forex, just trade it. Do a lot of research, run your own charts, and trade. Buying someone elses losing system puts you so far behind, your effort becomes completely worthless.

[Indamuck]

Signalpush, as I understand, is just a platform to enable systems sellers to efficiently sell their crap. So signalpush itself is 'legit.' It is the system sellers who are scam artists. Signalpush is in the business of enabling scam artists. I wouldn't be surprised if signalpush also has a direct interest in sales of those same systems - a sort of commission structure. So then yes, Signalpush would be a scam ... At the end of the day, does it really matter? Buying a system like this is like burning money. You are better off playing slots at your local casino. At least with slots you get pretty colors, bells and whistles ...

[SebastianJu]

I have, though im not as good as i would like to be. 

I know that bots can be quite good in predicting but the perfect entry points on these images look too good to be true.

What i wanted to know is if signalpush is legit, then could the performance tabs be faked or would that be not possible. And if they cant be faked, maybe its not a real bot running but an experienced forex trader giving the signals. Would be fine until enough copies are sold and the signal vanishes.

Im trying to get into forex now, because i hope the market is less likely to be manipulated and that technical analysis works better than with bitcoin fiat pairs.

The reality is technical 'signals' don't work. Professional forex traders use them as a minor input, but they are largely event trading, with macro analysis, combine with the human (trader) element. Successful trading is not programmable, unless you find some arbitrage opportunity. Anyone who finds an arbitrage opportunity doesn't sell it. They trade in until it ceases to exist.

If you want to trade forex, just trade it. Do a lot of research, run your own charts, and trade. Buying someone elses losing system puts you so far behind, your effort becomes completely worthless.

I agree that news should be way more important on forex and real companies. On bitcoin, it seems, only bad news work. 

Though in theory i believe technical analysis should work because of two things. Other traders believe in the same indicators, making it a reality because of that. To some extend. And indicators might mimic the behaviour of the masses. Both things should be able to predict a bit the movements. At least you should be able to have an advantage against a game depending on luck fully. Even some percent advantage in average would be enough when its more than fees. Similar to counting cards on blackjack.

So out of interest. You trade forex and the most important for you are the news? Grexit and so on? I heard that resistance and support lines work relatively good? I didnt have time yet to go more into depth.

[Phildo]

TA and counting in blackjack are not even close to the same ballpark.

believing the price is going to go a certain way doesn't mean it's going to happen. TA is BELIEVING that other people will do a certain thing. counting cards is KNOWING what cards have come out, and therefore KNOWING what cards are left in the shoe which can change the optimal strategy/bet size.

If someone had a TA that worked they wouldn't share it with you because you doing the same thing as them would make it harder for them to make money because you both would be trying to buy and sell at the same time cutting into each other's profits. You knowing what cards are left in the shoe has absolutely no impact on the shoe at another table/casino.

[favdesu]

do they even take bitcoin? that website looks so scammy... didn't want to download the software. guess I could sandbox it.

[Indamuck]

I agree that news should be way more important on forex and real companies. On bitcoin, it seems, only bad news work. 

Though in theory i believe technical analysis should work because of two things. Other traders believe in the same indicators, making it a reality because of that. To some extend ...

What you 'believe' is only relevant in terms of what this curiosity is going to cost you.  If you 'believe' in TA 'a lot,' it will likely cost you A LOT. If you don't believe in it too much, perhaps not so much.

Put it another way: There are multi-billion hedge funds with teams of rocket scientists, computer programmers, math geniuses developing and testing 'systems' all the time. You suspect one is overlooked and now for sale on signalscam? Is that a 'fight' you really want to wage?

Good luck with that.

[rammy2k2]

Signalpush is more like a "rumours" push ...

[SebastianJu]

TA and counting in blackjack are not even close to the same ballpark.

believing the price is going to go a certain way doesn't mean it's going to happen. TA is BELIEVING that other people will do a certain thing. counting cards is KNOWING what cards have come out, and therefore KNOWING what cards are left in the shoe which can change the optimal strategy/bet size.

If someone had a TA that worked they wouldn't share it with you because you doing the same thing as them would make it harder for them to make money because you both would be trying to buy and sell at the same time cutting into each other's profits. You knowing what cards are left in the shoe has absolutely no impact on the shoe at another table/casino.

As far as i know counting cards works only by guessing and not by knowing which cards are where. And the reason why it works is that you dont have a 50%-50% chance to win or lose, you might have a chance of 51% to win. If you can beat fees or houseadvantage or something like that then you are in the black numbers over time.

And for me technical analysis is the same. Its not a 50-50 chance anymore. You are able to slightly guess where it will develop. Simply because other traders believe the same, when they see the same signals, and follow through. Your vision gets reality. The same is with the moving of the masses. Its likely that you can predict how masses move in panic, on news and so on.

So no, i would not see it as if technical analysis is like gambling. Of course im not yet at the point where i could say i can proove it.

[SebastianJu]

By the way... the website signalpush.com and the broker stockpair.com used have no good reviews on web of trust. See:

signalpush: https://www.mywot.com/en/scorecard/signalpush.com?utm_source=addon&utm_content=rw-viewsc
stockpair: https://www.mywot.com/en/scorecard/stockpair.com?utm_source=addon&utm_content=warn-viewsc

I would not deposit any money after being warned that way.

[Phildo]

You know wrong, listen to people that are trying to make you more informed before you lose money to another scam.

Counting cards in blackjack means keeping track of what cards have been exposed. If you know what cards have been dealt, you know what cards are left in the shoe, and you know when to bet more money because you are more likely to win, and when to bet less money or walk away because you are less likely to win.

If other traders would act based on TA, we would be rich because all the arrows and charts that were posted telling us how the price of BTC would be 1 million per coin now.

Counting cards is something that make sense for an expert to teach someone else because your actions at the BJ table in God know's where have absolutely zero impact on me at my blackjack table.

Teaching people how to read charts doesn't make sense, because if I know that a triple bottom followed by a cup and wedge means the price is going to go up, and I tell you that, next time there is a triple bottom followed by a cup and wedge you will be trying to buy my cheap whatever and I won't make as much money.

If someone knew how to read charts to get rich, they would be reading charts and getting rich, not selling you how to do it and cut into their profits.

[SebastianJu]

You know wrong, listen to people that are trying to make you more informed before you lose money to another scam.

Counting cards in blackjack means keeping track of what cards have been exposed. If you know what cards have been dealt, you know what cards are left in the shoe, and you know when to bet more money because you are more likely to win, and when to bet less money or walk away because you are less likely to win.

If other traders would act based on TA, we would be rich because all the arrows and charts that were posted telling us how the price of BTC would be 1 million per coin now.

Counting cards is something that make sense for an expert to teach someone else because your actions at the BJ table in God know's where have absolutely zero impact on me at my blackjack table.

Teaching people how to read charts doesn't make sense, because if I know that a triple bottom followed by a cup and wedge means the price is going to go up, and I tell you that, next time there is a triple bottom followed by a cup and wedge you will be trying to buy my cheap whatever and I won't make as much money.

If someone knew how to read charts to get rich, they would be reading charts and getting rich, not selling you how to do it and cut into their profits.

I bolded the important part. You might know which cards are in there but you dont know which card you will get. The only thing you know is that your chance is higher or lower now. So the only thing you can slightly adjust is the percentage of profitting. You surely dont know that you will win with the next card. I might be wrong but thats how i understand it at the moment.

Regarding signalpush. Its not that i want to invest. I only wanted to check it out because i tried myself with trading and bot creation. Simply interesting. I would not invest after reading so many warnings about signalpush and the connected broker.

Though still... im not sure if you are into trading but surely you know that traders exist that earn their living with it since a long time. Of course its an outbalanced game. For someone winning someone has to lose.

The bitcoin price seems to be not the perfect candidate for technical analysis. Its way too manipulatible. Thats why i try to check out forex trading. The volume is too high to be manipulated and i was told the price moves better along with technical indicators than other markets. When you do count cards then you surely should know that a small percent chance or advantage can mean everything. Im not in the position to proove it to you yet. But you know that there are traders that use ta and they are successfull till year, making a living from it. Might be i cant convince you but i believe the fundamentals of ta to be true to some extent. And only this extend matters.

[Phildo]

The point is you can KNOW the probability with counting cards, which is nothing at all like technical analysis of charts.

there are so many 10s in a shoe of blackjack. If you know how many are left out of how many cards are left in the shoe, you can calculate your probability of winning the next hand or the next few hands.

With TA, you don't KNOW anything. You are guessing what other people will do. Can you really not see the difference between knowing the probability of winning a blackjack hand and the probability of an asset's price changing? Counting cards deals in facts, these cards are left in the shoe, this many cards are left in the shoe, this is my probability of winning. TA is based on bullshit. An asset acting 1 way in the past has absolutely zero bearing on it acting that way in the future.

That doesn't change the other facts, if for some reason someone was able to read the charts because there was something making it work, there's no way they would be sharing it with other people and making it harder for them to make money (unless of course they are telling you bullshit to get you to buy from them when they want you to and sell to them when they want you to).

People that make money trading make money trading, they don't draw lines on charts and sell them to other people.

[SebastianJu]

The point is you can KNOW the probability with counting cards, which is nothing at all like technical analysis of charts.

there are so many 10s in a shoe of blackjack. If you know how many are left out of how many cards are left in the shoe, you can calculate your probability of winning the next hand or the next few hands.

With TA, you don't KNOW anything. You are guessing what other people will do. Can you really not see the difference between knowing the probability of winning a blackjack hand and the probability of an asset's price changing? Counting cards deals in facts, these cards are left in the shoe, this many cards are left in the shoe, this is my probability of winning. TA is based on bullshit. An asset acting 1 way in the past has absolutely zero bearing on it acting that way in the future.

That doesn't change the other facts, if for some reason someone was able to read the charts because there was something making it work, there's no way they would be sharing it with other people and making it harder for them to make money (unless of course they are telling you bullshit to get you to buy from them when they want you to and sell to them when they want you to).

People that make money trading make money trading, they don't draw lines on charts and sell them to other people.

Ok, on that you are correct. You know the probability at least. Thats different from technical analysis.

Of course the one who sell technical analysis seminars mostly arent the ones who are the successful ones. Though there are traders that are successfull simply by understanding the behaviour of the masses, including news and the status of a company and you have an advantage. Of course there are some of those that made their living already and think its fine to give tips to the noobs around them. Its not like all of them keep their secret hidden because they fear losing wealth.

I see the difference you meant now though.