Risks with using trading Signals

[wxxyrqa]

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.

In my opinion, an experienced trader will never turn to the help of signals, because he already has experience and knowledge in order to analyze the cryptocurrency market and take the right actions based on the findings.  You are really right that all signals are primarily in demand among beginners or not too experienced traders who want to get a good income thanks to information that is easily accessible and in their opinion is too important.  But I believe that the action of the signals is aimed at manipulating a significant mass of traders for the sake of certain people.  This is how some groups and communities of speculators manipulate the market.

[AliMan]

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.

Try to have your own set of analysis in order to come up the best solutions. Relying with other persons opinion might contribute to your formulation of ideas for choosing when would be the right time to do the right things. Constant market monitoring, must be observed closely to avoid losing bigger amount of money, because if you're going to miss the chances you won't be able to form a good foundations for a successful trading with less risk.

[aysg76]

See you can take the help of the trading signals if you are new to trading but do not blindly follow the instructions of trading groups as most of the time they force you to invest in shit altcoins that have no potential to rise in future and you block your funds in that coin.Always research on your own and monitor the growth of market regualarly to gain expreience and slowly avoid joining such signal group and be your own king.

[HarmonyA]

I look at trading signals as organized schemes to lure the gullible people into  a trap. Because it doesn't end in joy for the greedy. This signals are arranged in a way that make people trust them and dive in, which they end up making profits and leaving others in oblivion.

[btc_angela]

It really doesn't make sense for people to follow blindly trading signals. I mean who are the people behind this group? And how can you trust that they are not putting you in jeopardy because we it's possible that they already put up their orders before giving you the signals, meaning they will generate profit more than you do. So I would suggest to just stay away with it, much better if you do your TA yourself. If you don't know TA then you hard to work your ass off and learn it, simply as that.

[carter34]

- Can be used to make you buy shitcoins and you become a shitcoin bag holder while the architects' sell orders get filled bu you.

I can feel you on this and I totally agree with you. As a newbie that takes in all that was heard. I bought a couple of coins sic included and today, sic is about to be delisted and in fact shutting down of coinexchange.

- 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

Yes, one thing we have to take home is the above. It can be pushed off your direction and what would you do ? losing your money.

[Yamifoud]

That is why I'd never give trust to this cause we know that nobody could see what will happen next, in fact, we are still in the volatility which reminds us always about it changes. I don't know if those people or traders who used signal trading achieve their goal and even more profitable than those casual traders. Cause even we follow charts, signals but in the end, we still have our own decision which still losses the value of those things.

Having this thing isn't a guarantee to make money and just @ Jerome Tash says, there is no easy money in crypto is absolutely right.

[adroitful_one]

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.

Most of these signals are just b.s. being sold to people in order to clear up some bags the people running it are holding. It's pretty simple really. Let's say that they bought too much XSN(just an example here) and the price went down and hasn't recovered for a few days. So, they post a signal telling everyone to buy XSN and put in their sell order to make a little profit off of it. You're the ones stuck holding their bags in the end and more than likely aren't going to make your money back off of that trade for a while.

[Landak]

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.

Most of these signals are just b.s. being sold to people in order to clear up some bags the people running it are holding. It's pretty simple really. Let's say that they bought too much XSN(just an example here) and the price went down and hasn't recovered for a few days. So, they post a signal telling everyone to buy XSN and put in their sell order to make a little profit off of it. You're the ones stuck holding their bags in the end and more than likely aren't going to make your money back off of that trade for a while.

Problems like that most often occur, they give the wrong signal (a trap) to order sell and buy without any specific and clear information.

the risk of using trading signals is that you might be able to get the wrong signal. although following the trading signal is not wrong (a little lazy) but more better is learning to understand about technical analysis.

[rodel caling]

Yeah can't avoid risk using crypto trading signal not all tips giving of the expert are not perfectly correct, why? It's also use technical analysis predicting crypto price.
One of the worse joining in crypto signal base on my own experience is wating of miney need yo pay  before to join in the signal groups.

[JeffBrad12]

I look at trading signals as organized schemes to lure the gullible people into  a trap. Because it doesn't end in joy for the greedy. This signals are arranged in a way that make people trust them and dive in, which they end up making profits and leaving others in oblivion.

That is usually the case when there is a trading signal service and having a big community in it the so called expert will eive and take advantage of the people’s money meanwhile they are cashing out while the market is being pumped by their victim. Trading signal is a fancy name for prediction it could definitely goes wrong and that happens really often. There are some people that are good at analyzation but still it is always better to do all by yourself. Never think that following trading signal will give you absolute profit.

[Dart18]

Trading is much more than just signals. It’s a life.
This is a theard for discussion about the risks involved in using trading signals that have become common in cryptocurrency trading. I would have posted this in Trading forum, but it’s more important that newbies see this. Knowing that after a few unsuccessful investments in cryptocurrencies, using trading signals seems to be the only ‘certain option to profit in the crypto world’. But this comes with huge risk. Risks that these ‘trading professionals’ won’t tell you about.

I always don't go that far.
I can see that all in Facebook and Twitter and also Telegram but it is just that it aint easy to believe them.
More like a black propaganda to me.
They make it look like they are many of them in a group but mostly it is just one person who have different account saying he agree with the other guy but the reality is not like that.
It is a scam but just not looked like it.
If I were you, I would really stay away from that.

[Mahanton]

Trading is much more than just signals. It’s a life.
This is a theard for discussion about the risks involved in using trading signals that have become common in cryptocurrency trading. I would have posted this in Trading forum, but it’s more important that newbies see this. Knowing that after a few unsuccessful investments in cryptocurrencies, using trading signals seems to be the only ‘certain option to profit in the crypto world’. But this comes with huge risk. Risks that these ‘trading professionals’ won’t tell you about.

I always don't go that far.
I can see that all in Facebook and Twitter and also Telegram but it is just that it aint easy to believe them.
More like a black propaganda to me.
They make it look like they are many of them in a group but mostly it is just one person who have different account saying he agree with the other guy but the reality is not like that.
It is a scam but just not looked like it.
If I were you, I would really stay away from that.

One of the most common set-up but actually you can spot it out if you do already had the experienced eyes and mind about these fraud groups.
Just to think that if these people who do offer trading signals that they do had precise analysis then they wont matter themselves on giving
or let other knows on how to trade and what to trade since he already knows that he do make money on his own without the need of letting
other people join him.

[senne]

Many people fall victim of these trading signals.
These so called trading "Gururs" first earn money through paid subscriptions and then they first buy the coin themseleves and then pump it by giving a signal and that's the point where they sell it. Many new people in order to make it big in crypto trading start following such people and at then end get rekt.
One should be cautious of such groups.

[alan2here]

It really doesn't make sense for people to follow blindly trading signals. I mean who are the people behind this group? And how can you trust that they are not putting you in jeopardy because we it's possible that they already put up their orders before giving you the signals, meaning they will generate profit more than you do. So I would suggest to just stay away with it, much better if you do your TA yourself. If you don't know TA then you hard to work your ass off and learn it, simply as that.

Most of these signals are not guaranteed and can completely put you at risk of investment. I often see a lot at Telegram where there are thousands of different signals being given every day and there are no clear analytics so I never believed. In my opinion, it is best to analyze the coin yourself and make the safest investment decision because the crypto market is not an easy place to make money and add financial knowledge in your spare time to improve.

Sometimes I see some good signals but just watch and always think a lot of times before making a decision. I could lose the chance but would never choose to invest if that coin had no specific analysis.

[NewRanger]

Many people fall victim of these trading signals.
These so called trading "Gururs" first earn money through paid subscriptions and then they first buy the coin themseleves and then pump it by giving a signal and that's the point where they sell it. Many new people in order to make it big in crypto trading start following such people and at then end get rekt.
One should be cautious of such groups.

maybe i called it as signal manipulation.they trying to convincing beginner trader with their trading signal,although we dont know actually they use screenshot from other traders.followers from this signal group will always rekt,cause they just be used by its admin.maybe learning how to analize chart and market will help us to improve our own skills.so we will not harmed by wrong signal from providers.If we dont do this i am sure we will not survive for long term.

[Pamadar]

Many people fall victim of these trading signals.
These so called trading "Gururs" first earn money through paid subscriptions and then they first buy the coin themseleves and then pump it by giving a signal and that's the point where they sell it. Many new people in order to make it big in crypto trading start following such people and at then end get rekt.
One should be cautious of such groups.

maybe i called it as signal manipulation.they trying to convincing beginner trader with their trading signal,although we dont know actually they use screenshot from other traders.followers from this signal group will always rekt,cause they just be used by its admin.maybe learning how to analize chart and market will help us to improve our own skills.so we will not harmed by wrong signal from providers.If we dont do this i am sure we will not survive for long term.

Indeed. If you have no knowledge with particular business that you are in, there's no chance of surviving in the long run, you might find signals that luckily works for the short term but in reality it will only trapped you up and eventually you'll get to lose your investment. The best way is to be more realistic and keeps finding ways to improve your knowledge, being good in doing research and study advanced you up to anticipate what will the market is waiting ahead. Deal with your own understanding and not to keep dwelling with signal groups.

[jets567]

I've been in various telegram group for a long time that providing free trading signals and all I can say it's not bad at all because I use their signals as a guide and do my own research before buying. It's risky but if you understand how it works then you can take this as an advantage and earn in a short-term trading.

[arwin100]

Many people fall victim of these trading signals.
These so called trading "Gururs" first earn money through paid subscriptions and then they first buy the coin themseleves and then pump it by giving a signal and that's the point where they sell it. Many new people in order to make it big in crypto trading start following such people and at then end get rekt.
One should be cautious of such groups.

maybe i called it as signal manipulation.they trying to convincing beginner trader with their trading signal,although we dont know actually they use screenshot from other traders.followers from this signal group will always rekt,cause they just be used by its admin.maybe learning how to analize chart and market will help us to improve our own skills.so we will not harmed by wrong signal from providers.If we dont do this i am sure we will not survive for long term.

Indeed. If you have no knowledge with particular business that you are in, there's no chance of surviving in the long run, you might find signals that luckily works for the short term but in reality it will only trapped you up and eventually you'll get to lose your investment. The best way is to be more realistic and keeps finding ways to improve your knowledge, being good in doing research and study advanced you up to anticipate what will the market is waiting ahead. Deal with your own understanding and not to keep dwelling with signal groups.

That's why you need to be more attentive if there's a signal given since there are signals provided for short term period and if you are left for the exit times for sure you will end up bag holding and worse you will lose your money. But if you have time to do research then it so good since I will agree with you with deal base on your understandings since by this we will safely earn if we do the tradings right.

[SquallLeonhart]

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.

Signal are actually meant for working class people who does not have the time to go through analysis the market before they make their own trade, and this is why you see that they all use bot services for their trading or they join a group of people that are into giving signals which I am not against because it solves someone's problem, but the rate for which many people are just promising signal that they are not able to provide, and you see them actually convincing lots of people into registering with them.

One thing that I know about signal for people that are not workers is that they can make lots of money from it, I have a group that I join too despite the fact I analyze things on my own, and most of the time the group had made some prediction, it is always getting through.