Risks with using trading Signals

[tambok]

I keep telling people that there is no easy money. You have to learn and the trade for yourself. Trade signals;
- Can be used to Scam you by paying for "premium signals" which are even non-existent
- Can make you lose a ton of money when you have 100% confidence in them and yet the market decided to go in the different direction
- Can be used to make you buy shitcoins and you become a shitcoin bag holder while the architects' sell orders get filled bu you.
- Can be used to make you participate in a pump and dump scheme unknowingly.

It's lazy people who don't want to learn how to trade who usually fall for trade signal scams.

Absolutely, what people don't realize is that paid signals or even free signals are just using you for them to make profit a lot, this is their usual strategy, most of them are just using people, before they are making signal, they are making entry first, then they are making signals above what their entry is or vice versa, when the buying power has risen, they will sell it. So, let's not rely on them, they are just manipulating the mind of people.

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[teosanru]

Trading Signals is nothing but just a myth created by top notch scammers who know how to manipulate with emotions of small traders. Signals are nothing but just false alerts created using pump and dump most of the times. First scam is how these groups manipulate their results. They would always give you signal after the CMP has already risen from that point and will tell you to sell at a certain point and SL at a certain point. Now if the trade goes a little bit in profit yet far from sell point and you didn't exit because you weren't given a signal and the trade goes on to hit the SL. Signal group will still claim profit because the price went a bit up and hence it was profitable. Moreover premium signal is the biggest myth. It's like premium users get the chance to be fooled earlier. There are only around 0.5% original trading groups but all of them there are traders who know how to interpret every call. There isn't any easy money in trading I have not even heard a single person earning money from signals.

[d3nz]

I think joining a trading signals can put your money in risk and you will loose it in just a matter of tims if you have fallen on some traps and this kind of scheme really benefits the one who made the group of trading signal since you will just need to follow their rules and asking you to keep buying while they are earning.

That's why its not recommended to join this kind scheme and you can learn trading by studying it correctly and you can set a signal on yourself to traide in time.

[iamsange]

Easy to say, when someone already rely on trading signal, although it is premium signal or maybe free signals. He will always rely on it. And then when something unpredicted happen, you can't do anything to fix it. Simple thing that people must know. Because trading is not only to look profit, but to learn how to be good traders. If keep rely on signal, you wouldn't learn anything from it except buy and sell.

[Obito]

No need to take trading signals if you are aware enough of the possibilities though the probability of your preciseness in real time is pretty much lower. But you'll have to pay no more with these bots or humans notifying signals. You could do alot on your own besides many traders out there has been successful without these automated signals coming from bots or humans. Activeness, and Discipline to everything you do is enough.

[danherbias07]

How can you tell if the person is a professional.
I read it after the "but" word.
I don't think there is literally a professional within the trading platform of cryptocurrencies.
All those signals just came from their technical view which could be wrong for many times.

You are risking your money already here and you are risking more by believing someone else.

[imstillthebest]

trading is not about signals because i believe that signals can not guide traders accurately  because if it is then all traders are are succesful or rich now  .

the risk of using trading signals is that you can loose your money from the fake premium singals that promise you to earn huge income but even free signals can also become a trick for the traders to buy a wrong coin or to trade at the wrong time  .

[d3nz]

I joined a trading signals before and i would say that it is a luck if you have bought in cheap and sold it to someone who is part of the group and its like a ponzi scheme. So i would not recommend to join this scheme because you might just lost your money.

And they manipulate people by providing screenshot of their members winning but they are the one whose really winning and making money.

[jakoylantern]

For me, yes, there is a risk of using trading signals. For me, trading signals can only help you at the beginning, especially if you are newcomers in trading that want to have an experience. But you need to learn and gain some knowledge about trading, don't rely too much on signals because at the end of the day you will be trap depending too much on trading signals. Learning on your own mistakes and experience is still the best.

[Andrews193]

I joined a trading signals before and i would say that it is a luck if you have bought in cheap and sold it to someone who is part of the group and its like a ponzi scheme. So i would not recommend to join this scheme because you might just lost your money.

And they manipulate people by providing screenshot of their members winning but they are the one whose really winning and making money.

I do not deny that some signal groups are cheating on others with the plan that you said, first, they will provide pictures of profits from people who have sent and participatedbut the fact is that this source of information comes only from one side, we can actually be very dangerous if we believe in such vague information, losing money on participation fees is a small risk, a bigger risk can be tied to a dump and pump plan. However, some signal groups are created for a good purpose, we should try to feel in each signal that we receive, do not let a few mistakes and judge them.

[conex]

I keep telling people that there is no easy money. You have to learn and the trade for yourself. Trade signals;
- Can be used to Scam you by paying for "premium signals" which are even non-existent
- Can make you lose a ton of money when you have 100% confidence in them and yet the market decided to go in the different direction
- Can be used to make you buy shitcoins and you become a shitcoin bag holder while the architects' sell orders get filled bu you.
- Can be used to make you participate in a pump and dump scheme unknowingly.

It's lazy people who don't want to learn how to trade who usually fall for trade signal scams.

No such thing as easy money, correct! 

[Innocant]

I joined a trading signals before and i would say that it is a luck if you have bought in cheap and sold it to someone who is part of the group and its like a ponzi scheme. So i would not recommend to join this scheme because you might just lost your money.

And they manipulate people by providing screenshot of their members winning but they are the one whose really winning and making money.

First of I heard about this kind of group for providing trading signal I'm just confused about, its because some of their showing some sample are fake. So they trying find people are willing to buy or invest the coins they showed up and they said can be increase the price in no time. And yes must better to stay away of this kind of scheme and ignore it.

And that's true they trying to manipulate people. So we must not believe on what they talking about just ignore them early.
 

[Edraket31]

I joined a trading signals before and i would say that it is a luck if you have bought in cheap and sold it to someone who is part of the group and its like a ponzi scheme. So i would not recommend to join this scheme because you might just lost your money.

And they manipulate people by providing screenshot of their members winning but they are the one whose really winning and making money.

First of I heard about this kind of group for providing trading signal I'm just confused about, its because some of their showing some sample are fake. So they trying find people are willing to buy or invest the coins they showed up and they said can be increase the price in no time. And yes must better to stay away of this kind of scheme and ignore it.

And that's true they trying to manipulate people. So we must not believe on what they talking about just ignore them early.
 

Those who are giving signals either free or paid signals has nothing difference with scammers, manipulating and using those weak people, or those who has lack of knowledge about trading, they are using them for their own interest, they wanted to have as much as possible a lot of followers so they cannot lose any money as many will believe and will think that their signals is legit.

[beerlover]

Considering signals are basically indicators there is really not an "indicator" of what bitcoin will do in reality.

Yeah, they are called indicator in name but just because one indicator was right back in history about price doesn't mean that it will be once again. Just because SMA was x when Y happened doesn't mean it will happen again.

It is a mathematical thing and it is not really up to any person, if a person is making up price movements from his head that is even riskier but at least dude is honest about him making up the price, indicator based signals are even worse because it makes you feel like there is a mathematical possibility that you will make a profit and you can't go wrong which are all a big lie because in the end the indicator could turn out to be wrong quite easily.

[Oilacris]

Considering signals are basically indicators there is really not an "indicator" of what bitcoin will do in reality.

Yeah, they are called indicator in name but just because one indicator was right back in history about price doesn't mean that it will be once again. Just because SMA was x when Y happened doesn't mean it will happen again.

It is a mathematical thing and it is not really up to any person, if a person is making up price movements from his head that is even riskier but at least dude is honest about him making up the price, indicator based signals are even worse because it makes you feel like there is a mathematical possibility that you will make a profit and you can't go wrong which are all a big lie because in the end the indicator could turn out to be wrong quite easily.

Nothing is certain.!

I don't believe too much on mathematical things when we do talk about indicators and the signals being generated to it.The thing here is that

we shouldn't stick out the past into the present and even on future. Market is always been unpredictable and its a total BS for those people who do
said that they do have precise signals on trading which isn't really true at all.

[Genemind]

I keep telling people that there is no easy money. You have to learn and the trade for yourself. Trade signals;
- Can be used to Scam you by paying for "premium signals" which are even non-existent
- Can make you lose a ton of money when you have 100% confidence in them and yet the market decided to go in the different direction
- Can be used to make you buy shitcoins and you become a bitcoin bag holder while the architects' sell orders get filled bu you.
- Can be used to make you participate in a pump and dump scheme unknowingly.

It's lazy people who don't want to learn how to trade who usually fall for trade signal scams.

This is definitely true. Why do you have to trust and fall for this trap when you can actually do your own strategy and trust your own guts based on how you understand the market flow? It's necessary that we'll know how to deal with the changes but it's a risk to rely our trading decisions on trading signals. They would manipulate us so it's an edge if we have enough knowledge about trading.

[Linkkoin]

Trading signals might be more effective on stocks/forex, cryptocurrency market is pretty wild.
And just one whale with one single transaction can crash not only signals for the day but neutralize even a strong trend.

The only trading "signals" which had turned to be effective is to sell during hype (as we say - if a cab driver and people from breakfast tv speak how great bitcoin is, it is the strongest sell signal), and buy when not only mainstream media but cryptocurrency oriented news websites discuss if bitcoin is dead or not.

[alexsandria]

This is basically how you earn with looking upon closely to details and being updated in real time world news, events and such. Though you can do this somehow in different way but the profit is entirely different from what you could possibly earned with signals. Nevertheless, it still matters from an individual's effort to earn alot, so, even though you have tools but you yourself aren't responsible you won't be getting anything.

[Amel]

It is a mathematical thing and it is not really up to any person, if a person is making up price movements from his head that is even riskier but at least dude is honest about him making up the price, indicator based signals are even worse because it makes you feel like there is a mathematical possibility that you will make a profit and you can't go wrong which are all a big lie because in the end the indicator could turn out to be wrong quite easily.

Yeah, trade charts always provide dynamic data on market prices, well this is what makes mathematical calculations often experience a mistake.because mathematics is more identical to static data than dynamic data. What's more, it's all influenced by different fundamentals of traders regarding market conditions.

[nydiacaskey01]

I do not recommend following a trading signal. Maybe some will earn from it specially those who bought right away after the signal was announced but what about those who will buy 10 minutes later or 10 minutes after the announcement. If the coin is worth 0.0001 BTC when it was announced, after 10 minutes, that coin maybe worth 0.00015 BTC or even higher. Those who bought at 0.0001 BTC can sell it at that price already gaining 50% profits and what will happen to those who bought at 0.00016 BTC? They are going to be stuck holding that coin because they come in very late.