Risks with using trading Signals

[Murat]

No one should depend on another trading signal. if you are able to make understand properly then trading would help you to make a profit from here, don't follow other signals ever, if you do then you must get in the trap, you need to make your own research and try to create a trend line about your portfolio, but for me, following signal contains a huge risk and it might be wrong decision for this purpose. if you have any option then holding could be the best reason to get rid of trading, if you want to take a risk then trading would be the best reason to make a profit from cryptocurrency.

[gabbie2010]

Relying on trading signal is like trowing away money into an ocean I have never come across any success story originating from paid signals I believed they sells signals to many clients and generate a lot of money, a perfectly working trading  strategy should have deployed by the owner to make money rather than selling it, the basic truth is to learn how to trade although it might some considerable amount of time, efforts and commitment however in the long run it really worth it.

[coingrowth]

It is completely very bad idea to rely on the signal provider because most people will get into this trap and they will lose money. Even I tried to follow many signal providers but failed to make a penny because most of the signal provider will make a huge amount of money by providing the Signals.

[nelson4lov]

Trading Signal groups. It's the route that beginners in trading usually take as they start trying trading journey. I for one don't advice using trading services. Contrary to popular beliefs, some signals group do work - - like their winning rate is actually high. However, if there's one thing trading Signals will commit you to is dependence on the signal provider. This is a big problem because if you no longer use the signals but go ahead to analyze or trade, You won't feel very confident about yourself. And when you eventually lose a trade, you'd then lack the courage to continue. Imo, It should be avoided at all costs.

At best, you can take those signals as 'ideas' and further make more analysis on it.

[slaman29]

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.

If a guy is only able to announce his signal 10 minutes before, forget it. That means he's the one manipulating the move, and you buying according to the signal is absolutely what he needs to dump the price on you.

You'll never come in early. Signals that are made a day before, like on forex, fine, at least we know the guy isn't manipulating. But that still doesn't guarantee profit guys!

[wajik-tempe]

It is completely very bad idea to rely on the signal provider because most people will get into this trap and they will lose money. Even I tried to follow many signal providers but failed to make a penny because most of the signal provider will make a huge amount of money by providing the Signals.

Yeah actually they are not buying the same with signals they created because sometimes they are in a loss position and make their follower to buy higher the coins that make they loss, so they will exit with profits and leave the followers with loss.

[puertorikosena]

I think that the topic of signals has already been voiced many times, but it will never exhaust itself. People always want easy money and quick money. This does not happen, especially in trading. You must make all trading decisions yourself, relying on your knowledge.

[ethereumhunter]

Using other people's signals doesn't guarantee you to make a profit because they only predict if that will go somewhere. But the question, how if what they predict is not happen? That will need more attention to find out about what will happen in the market. Maybe they have skills to predict where the market wants to go, but they don't know what exactly will happen with the market. So it is better to analyze by yourself because at least you know what suppose you need to do if something goes wrong or you can combine their prediction with your analysis so you can find more clues to enter the market.

[rijaljun]

Using other people's signals doesn't guarantee you to make a profit because they only predict if that will go somewhere. But the question, how if what they predict is not happen? That will need more attention to find out about what will happen in the market. Maybe they have skills to predict where the market wants to go, but they don't know what exactly will happen with the market. So it is better to analyze by yourself because at least you know what suppose you need to do if something goes wrong or you can combine their prediction with your analysis so you can find more clues to enter the market.

I know it is better to do it myself, but let me represent most of newbie to say it is not that easy to learn trading. It is always hard to find potential coins, analyze the market, take a right decision on different scenarios, and much more.

People always suggest to do it by ourselves, but they never give us how to do so.

How would you handle this?

[Strongkored]

I consider traders who sell paid signals realize that getting profit from trading is not easy. I have followed paid signal, admin get around $3,500 a month from member, I decided to quit when see many of the signal he gave is wrong. In my opinion trading signal is more dangerous than trading itself.

[NathanJB]

It is because there is no such way as risk-free. There is no easy way for trading, especially crypto trading. Signals are not guarantees that everything will make you a profit in the end. It is a possibility, and always a possibility, that signals could either be good or bad. Bad signals actually abound, especially signals that you can easily access through social media sites such as twitter, facebook, and telegram.

[dark08]

I consider traders who sell paid signals realize that getting profit from trading is not easy. I have followed paid signal, admin get around $3,500 a month from member, I decided to quit when see many of the signal he gave is wrong. In my opinion trading signal is more dangerous than trading itself.

Following a signal came from paid signal group is not 100% guaranty you will get a good profit because there will be a tendency it will chnage direction and resulting to lose your money, I'm not a fan of any signal group its better to learn the basic to advance technique on trading rather than following this signal group.

[Lanatsa]

I consider traders who sell paid signals realize that getting profit from trading is not easy. I have followed paid signal, admin get around $3,500 a month from member, I decided to quit when see many of the signal he gave is wrong. In my opinion trading signal is more dangerous than trading itself.

Following a signal came from paid signal group is not 100% guaranty you will get a good profit because there will be a tendency it will chnage direction and resulting to lose your money, I'm not a fan of any signal group its better to learn the basic to advance technique on trading rather than following this signal group.

Not only just changing its direction but also this had been known that most group owners are just tending to scam out those newbie
that do join in the group where they do tell to buy a certain coin because it will pump out soon but actually they are already on peak prices
and when those noobs bought the coins then they do simply dump and leave those noobs bagholding those shit tokens.

Talking with btc and top alts signals then I would say that they are just simply milking out people to make money out of fees.
They don't actually have the skills to have that precise predictions.

[DoublerHunter]

~snip~
Talking with btc and top alts signals then I would say that they are just simply milking out people to make money out of fees.
They don't actually have the skills to have that precise predictions.

^ Definitely right, they don't have skills on a prediction but they can manipulate the coin that they wanted to become hype.
This kind of service is for noobs people or those naive people just wanted to make easy money without hard work of searching a potential coins to trade. A paid signal is it could be a trap or the only owner will be got more benefits than the members.

[youdacapt]

Using other people's signals doesn't guarantee you to make a profit because they only predict if that will go somewhere. But the question, how if what they predict is not happen? That will need more attention to find out about what will happen in the market. Maybe they have skills to predict where the market wants to go, but they don't know what exactly will happen with the market. So it is better to analyze by yourself because at least you know what suppose you need to do if something goes wrong or you can combine their prediction with your analysis so you can find more clues to enter the market.

many have problems because if they only learn by themselves, the techniques they absorb will only become practical theories. Following the signal will enrich the analysis for orders because it is more precisely associated with an active market.
If the 4 signals given are only 2 correct, then we only need to study the accuracy patterns of the two signals, and then it will become a benchmark for independent analysis later, we only need to take something positive from the experience of others and must understand the risks as well.

[adroitful_one]

It's pretty simple. Most of these trading signals you guys get are plain old pump and dump schemes and you all are paying for the privilege of getting screwed. Unless you get in at the price the people who announced the pump signal, you're going to end up losing money. Most of the time, this won't happen because they have been stocking up on the coin for a week or more before even announcing the signal to people. You'll end up with the signal posters coins stuck in hand because everyone purchasing the coin at the same time jumped the price up a bit and it won't hit that price again possibly ever.

[hulla]

Using other people's signals doesn't guarantee you to make a profit because they only predict if that will go somewhere. But the question, how if what they predict is not happen? That will need more attention to find out about what will happen in the market. Maybe they have skills to predict where the market wants to go, but they don't know what exactly will happen with the market. So it is better to analyze by yourself because at least you know what suppose you need to do if something goes wrong or you can combine their prediction with your analysis so you can find more clues to enter the market.

many have problems because if they only learn by themselves, the techniques they absorb will only become practical theories. Following the signal will enrich the analysis for orders because it is more precisely associated with an active market.
If the 4 signals given are only 2 correct, then we only need to study the accuracy patterns of the two signals, and then it will become a benchmark for independent analysis later, we only need to take something positive from the experience of others and must understand the risks as well.

You both said well but following someone trading signals without performing your own analysis to check if the signal worth rely on is definitely not a good idea and this why I supported what Youdacapt said cause some signal provider post some wrong information sometime in other to pump the price of their pet coin.

[Ararbermas]

Relying in some trading signal is very risky because mostly of them are fake and not certain wherein can cause losses only based on my experience also , so not recommend . Much better to make your own technical analysis  or fundamental to assure everything will be fine and you are in a right path because relying in some sort of signal group and etc are not really safe because of some frauds . So we need to adjust and be careful on what we're doing to prevent regrets and losses  

[drachman]

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.

Those that follow signals do not really understand the market, if you were to look at how the most successful traders around the world became that way you will see that no one follows the signals generated by others, they have their own way to tell what they market will do and then when the market moves in that way they enter the market not caring about what anyone else thinks and until you can do that then you are not really a good trader.

[NathanJB]

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.

Those that follow signals do not really understand the market, if you were to look at how the most successful traders around the world became that way you will see that no one follows the signals generated by others, they have their own way to tell what they market will do and then when the market moves in that way they enter the market not caring about what anyone else thinks and until you can do that then you are not really a good trader.

Because an accurate signal will never hit the market. What will hit the market are vague signals that are sold at a premium. These signals are coming from people who are not even experts themselves. These are people who are failing in trading even after they studied a lot about crypto trading. And to save these skills from becoming a total garbage, they are selling signals that are not really going to take place.