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Author Topic: Do not blindly trust telegram trading signals.  (Read 414 times)
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June 17, 2018, 10:09:25 PM
 #21

It is very silly to trust unknown people when they promise you to get rich. Trading is a very difficult kind of job and a trader must rely only oneself.
As you have noticed correctly that that people might exploit naive traders to advertise any trash assets so you have not trust any groups in social networks.
Remeber that when trading you take risk and you may lose your own money so it is just your responsability for the result.
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June 18, 2018, 01:18:14 AM
 #22

Yes it is not recommended to join pump/dump trading signal groups, why not learn trading? master the three types of market analysis
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June 18, 2018, 02:13:37 AM
 #23

Many of the telegram groups which give signals are run by the same people, I have noticed on multiple occasions of the groups giving the same signals. Many of the groups also conduct coordinated pump and dumps, and they usually send it in all the groups to gather a greater audience. Although some of the signals turn out to be correct, always do your own research before making a trade.
You can use their signals as a basis if you already done with your research, some good analyst also shared their position with certain project, some of them uses telegram or dischord and other platform to communicate and help investors and traders to understand the market, but most of the time those who are sharing signals are just playing around, it's hard to follow them as the movement is so fast and they can easily manipulate the market, pumped and dumped service will just leave you trapped and loses your investment so better to make sure you understand the basic.

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June 18, 2018, 02:20:58 AM
 #24

Many of the telegram groups which give signals are run by the same people, I have noticed on multiple occasions of the groups giving the same signals. Many of the groups also conduct coordinated pump and dumps, and they usually send it in all the groups to gather a greater audience. Although some of the signals turn out to be correct, always do your own research before making a trade.
some are correct signals but majority is a speculation and turns out incorrect,i have been watching this signal channels to find out what you are pointing here,same people runs this or same group of people that the only intentions is to gain audience for their sole purposes,i dont trust them and now i deleted many of signal channel and theres only few that im monitoring for own reason

For the traders out there ,the most valuable chance to gain or profit is to make researching on our own and make daily analysis before buying cois


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June 18, 2018, 02:32:34 AM
 #25

Many of the telegram groups which give signals are run by the same people, I have noticed on multiple occasions of the groups giving the same signals. Many of the groups also conduct coordinated pump and dumps, and they usually send it in all the groups to gather a greater audience. Although some of the signals turn out to be correct, always do your own research before making a trade.
Obviously it was a signal bait for the newbies or the people who are lazy researching to make some good trades there are the persons who is easy to convince and to be honest im one of those in the past when this signals come out in telegram in early days of it. There are different admins on that group but they are co joint with others when tyey are about to pump big coin that may be a big favor for them then signaling to buy all in one time to get the biggest possible pump.

       
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June 18, 2018, 02:39:41 AM
 #26

Many of the telegram groups which give signals are run by the same people, I have noticed on multiple occasions of the groups giving the same signals. Many of the groups also conduct coordinated pump and dumps, and they usually send it in all the groups to gather a greater audience. Although some of the signals turn out to be correct, always do your own research before making a trade.


Nah. Most of those trading signals are fraud. One time a joined in some trading signals ending I bought there bags and became the bag holder, they dump on new investors. I don't trust those scheme, they're fraud and mostly scam.

yes there is frauds or scams, but also there are some useful telegram trading signals that can help with you.
And of course you should have to do a research before believe on what you heard.

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June 18, 2018, 02:51:51 AM
 #27

It's just a bad idea to follow any sort of signal from an external source, even if they present themselves as 'professional traders'.
It's far better to do your own technical analysis, just so you actually understand what you're doing.

Otherwise you're better off just gambling away your money. At least that give you some fun.

that is true, it's just some people's game for them to benefit by making use of innocent people. I advise not to follow it because it is very dangerous and can make you lose if you do not understand how to play it

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June 18, 2018, 04:44:03 AM
 #28

It's just a bad idea to follow any sort of signal from an external source, even if they present themselves as 'professional traders'.
It's far better to do your own technical analysis, just so you actually understand what you're doing.

Otherwise you're better off just gambling away your money. At least that give you some fun.

that is true, it's just some people's game for them to benefit by making use of innocent people. I advise not to follow it because it is very dangerous and can make you lose if you do not understand how to play it
Don`t blindly trust anyone! Its bad idea to follow anyone with all of your money, use parts of it before you get more trust in something, if its possible at all to trust someone! That mostly depends from amount of money you deal with, with some little money most of us have fun, we can afford to lose it, but when higher amounts of money start to circulate you will check every information on several places, only after you got couple confirmation you will do something.

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June 18, 2018, 05:18:11 AM
 #29

What I could say about this is, there are two kinds of signals.

One is fake which targets people and command them to buy their shit/useless coin (often promises that it would go to moon).
The second is a real signal based on upcoming events, updates and years of experience in trading.

So far, I've only crossed path with the first kind.
The "other" is hard to find because of privacy concerns. Most of them doesn't want to contribute in public.

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June 18, 2018, 05:22:38 AM
 #30

I agree with you,  we are talking about profit or losses. Here in crypto believe on your skill not to anyone. Make decision with knowledge not knowledge on anyone. Find a coin which do you think profitablr not recommend by other. No one can 100% predict what happen in a trend but there is a guide such reading graphs. Learn with your self and do the best you can. We all start at nothing then become independent crypto user.

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June 18, 2018, 05:57:47 AM
 #31

yep agree with u
trust on their prediction is high risk an most of them is fake signal
usually before they tell us about the signal , the admin already take the place on the prices that predicted by them
that happended on me
i stucked on the high prices on some coin because their signals
then im realized admin sold their coins when they told us to bought

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June 18, 2018, 06:11:30 AM
 #32

When I started trading I joined several trading signals group because I felt it was too tedious to study the market myself, I lost big and I learnt that dyor is a must for an investor.
I have deleted all telegram signal group and I am better off trading on my own relying on news and info from this forum.
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June 18, 2018, 06:16:20 AM
 #33

What I could say about this is, there are two kinds of signals.

One is fake which targets people and command them to buy their shit/useless coin (often promises that it would go to moon).
The second is a real signal based on upcoming events, updates and years of experience in trading.

So far, I've only crossed path with the first kind.
The "other" is hard to find because of privacy concerns. Most of them doesn't want to contribute in public.
that is why a good analyzation for every coin that we could ever had to buy on that it may have you to make some profit with and this is more about that you can only have to know this when you only knew also how are you able to see and to know the better project.


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June 18, 2018, 06:25:03 AM
 #34

I have been in a lot of them. 90% of the ones I have seen are utter scams or waste of time. Huh

Joining Telegram groups where hundreds of followers express their different views, can easily influence you. It might lead you to buy/sell your tokens without thinking. Trust me, I have been there.

That being said, there are some very informative crypto trading signal channels by some professional traders. And just like any unclassified information, this is legal.

But I don’t recommend spending money to be in any of the channels.

I will add the trading signal channels I trust below. Keep in mind that they are just information you can use to make decisions while trading. Don’t blindly follow anyone. Do your own research. Try learning to read charts. Know the market. Read, read and read news about cryptos.
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June 18, 2018, 06:39:10 AM
 #35

Ofcourse they are group of peoples who want to pump their coins they are fooling members and providing some screenshot that they are not involve of the trades.
Don't ever believe on this kind of group because you will just lose your money if you follow their suggestion. Be a good trader instead and try to understand the market on your own.

When I started trading I joined several trading signals group because I felt it was too tedious to study the market myself, I lost big and I learnt that dyor is a must for an investor.
I have deleted all telegram signal group and I am better off trading on my own relying on news and info from this forum.
This is the result of trusting someone on your trading decision, yeah its hard to learn how to trade well but you should know it in order for you to have real profit, don't just think for easy money.

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June 18, 2018, 06:47:50 AM
 #36

Many of the telegram groups which give signals are run by the same people, I have noticed on multiple occasions of the groups giving the same signals. Many of the groups also conduct coordinated pump and dumps, and they usually send it in all the groups to gather a greater audience. Although some of the signals turn out to be correct, always do your own research before making a trade.


First of all, I think those telegram trading signal groups does not force you to trust their signals in the first place. It is your own responsibility if you want to trust on what they are saying or not. You hold your own money and also you decision making.

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June 18, 2018, 07:04:59 AM
 #37

Many of the telegram groups which give signals are run by the same people, I have noticed on multiple occasions of the groups giving the same signals. Many of the groups also conduct coordinated pump and dumps, and they usually send it in all the groups to gather a greater audience. Although some of the signals turn out to be correct, always do your own research before making a trade.
My question is that for how long should I continue to rely on telegram signals? why not not take up the gauntlet and start learning how to trade obviously with constant practice and perseverance you will surely attained the basics in trading although this could take your valuable time but in the long run it worth it.



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June 18, 2018, 07:19:42 AM
 #38

Yes, it is good to research by your own instead of depending on others and this makes people to loose some time because signal provider will buy the coin at low price and start giving signals yo fill his orders. So it is always good to research about this trading signals.

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June 18, 2018, 07:50:29 AM
 #39

no, i don't. some telegram groups is operated by admins whom is not sharks. Therefore we alway know and action after the market. Sometimes it's too late to react.
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June 18, 2018, 08:24:18 AM
 #40

Yes there are many groups running and they are providing the signals and day by day i have noticed that this is increasing, so i just suggest that dont join these type of groups blindly because this can only be harmful in the current market situation as btc is falling down and price is not stable so crypto market is almost down.
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