Risks with using trading Signals

[DBronze98]

 This issue has been mentioned many times and this transaction is only suitable for lazy people. They are just waiting for the opportunity to buy coins cheaply, but they don't know that behind it is a whole bunch of sharks waiting to be eaten.
This is an unreliable way to trade. It is very risky and easy to lose money.

[1714625090]

1714625090

[1714625090]

1714625090

[albrots]

Using signals for trading is indeed a very simple way to get profit. But the signal given by a free group is only a signal that has the purpose to provide benefits to the group creator, they have installed the sell order price first and spread the signal on the buy order that has been set in advance. Many games are in the signal group. But paid groups are usually provided with the latest technical analysis and news about the coins being talked about. If you want to use trading signals, that's your decision.

[dunfida]

You should not rely or even trust the trading signals that you will be receiving from anyone because you don't know how they plot their entry and exit because it is not based on your knowledge and style. You should make a trading strategy by yourself so you will have no one to blame when things go wrong and you will improve if you will rely on yourself all the time through mistakes.

Some rich people do not want to stress themselves on things they aren't interested. I remember few years ago maybe 5 people asked me to handle a portion of their money. Either I can invest it short term and long term or to actively trade it in crypto or stocks or both. I always decline, I am not that good of a trader and investor. And I felt, I can be more focus when risking my own money. So I cannot really say anything bad on people paying someone to give them trading signals. It's for their own risk. I also tried it twice. The first guru was only good at the start and we ended in disaster. The second one I profited but I am hard headed and made my own strategic versions which didn't worked well. I then decided to take a break from trading. I only hold some coins and stocks but seldom do trades anymore.     

Experiencing the same thing when im still trading up with Forex and stocks where there are really some individuals which do really likes for their funds to be handled by others and they do just like to get net income with it but of course i dont have that kind of confidence with my trading system which its always been risky for you to handle out funds
which even you cant be sure on what would be the outcome on monthly basis.

[fullhdpixel]

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.

That's right. I have not made use of this signal of a thing but I have seen people who make use of it and they are not being successful. Funny thing is that these people still continue to use it, hoping that they are going to someday get an accurate signal. I have not seen anything that will convince me to join any signal group, though some claims that VIP signals are always accurate, I still don't know if that's true because I have not seen anyone that uses VIP yet.

Using signals are just risk, the best is to get a professional and learn from him or her how to trade these assets, instead of being deceived by these scammers. Or if you don't know how to trade on a daily basis, you can switch to long term investments (HODL). HODL is more easy than when you're into day trading.

[Ferris419]

Trading by flowing the signal is very risky for the newbie traders. Honestly, I haven't seen any good free signal group! But yes there are some really professional signal givers who take a very high amount of money for their signals. Recently I have seen a premium group where all the signal becomes true but they asked me 250$ for a month! My friends took that offer and now he is good at trading! But that offer is ended, they asked 500$ when I knocked them the second time. But this is not life, you have to learn first, then you can explore all the opportunities, not before. Following the signal, you may earn profit for days one to three but you can't be pro! 

[Google+]

This issue has been mentioned many times and this transaction is only suitable for lazy people. They are just waiting for the opportunity to buy coins cheaply, but they don't know that behind it is a whole bunch of sharks waiting to be eaten.
This is an unreliable way to trade. It is very risky and easy to lose money.

only traders who have more experience will realize that such signals are just lies and should if there are signals like that don't be too trusted because usually the team behind the project will buy first and after that will sell coins quickly and make coins many traders on the signal become stuck at high prices.

[Distinctin]

This issue has been mentioned many times and this transaction is only suitable for lazy people. They are just waiting for the opportunity to buy coins cheaply, but they don't know that behind it is a whole bunch of sharks waiting to be eaten.
This is an unreliable way to trade. It is very risky and easy to lose money.

only traders who have more experience will realize that such signals are just lies and should if there are signals like that don't be too trusted because usually the team behind the project will buy first and after that will sell coins quickly and make coins many traders on the signal become stuck at high prices.

Cause they have already a bad experience coming from these things. That is why experts never encourage traders to follow signals and even used it for trading cause they know what would be the possible ends.

Noobs will be the most common victims from this, not exactly they never about the risk of using signals but they are blinded enough for not seeing it. They can only realize once they already suffer losses. If they would listen to us, then there is a chance that they will be safe and able to enjoy their life in trading base on their market perspective.

[NeironixNV]

If we are talking about signals that are sold on paid channels, then I completely agree, most of these channels are complete nonsense, where people lose their money. I personally prefer to analyze the market myself, read the news on various news portals( Neironix.io, cointelegraph etc.), tradingview analytics and make decisions ourselves, rather than pray for signals from closed paid groups.

[Hypnosis00]

If we are talking about signals that are sold on paid channels, then I completely agree, most of these channels are complete nonsense, where people lose their money. I personally prefer to analyze the market myself, read the news on various news portals( Neironix.io, cointelegraph etc.), tradingview analytics and make decisions ourselves, rather than pray for signals from closed paid groups.

Exactly what experts do. Following signals aren't beneficial to our ends instead, it makes us fooled by scammers. If we have our own market understanding, it is enough to hold back our trades into having a positive result. It is better to make our own market speculation, analyze market charts, and think wisely, these all be the way we should have to do and nothing we have to rely on those (fake) signals sold around.

[Exidous]

If we are talking about signals that are sold on paid channels, then I completely agree, most of these channels are complete nonsense, where people lose their money. I personally prefer to analyze the market myself, read the news on various news portals( Neironix.io, cointelegraph etc.), tradingview analytics and make decisions ourselves, rather than pray for signals from closed paid groups.

Most don't have any specific analysis when giving signals and this is not recommended when participating in the crypto market. Now a lot of analytical lessons for you and can apply the knowledge you have learned when trading because if you have the knowledge you will never fail to trade. I never join signals on Telegram because their predictions are unclear and inaccurate.

[drachman]

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.

I also think this happens because people do not really want to work hard for what they want, everyone wants to be a trader because they are attracted by the profits and I do not blame them because the same happens to me, but they are not willing to make any effort to learn, then when they see they are not getting the results they want they look for the easiest solution they can find which is to try to look for signals that come from other traders and try to profit from them.

[riso2015]

If we are talking about signals that are sold on paid channels, then I completely agree, most of these channels are complete nonsense, where people lose their money. I personally prefer to analyze the market myself, read the news on various news portals( Neironix.io, cointelegraph etc.), tradingview analytics and make decisions ourselves, rather than pray for signals from closed paid groups.

Most don't have any specific analysis when giving signals and this is not recommended when participating in the crypto market. Now a lot of analytical lessons for you and can apply the knowledge you have learned when trading because if you have the knowledge you will never fail to trade. I never join signals on Telegram because their predictions are unclear and inaccurate.

Actually we can join several Telegram Channels that provide paid signals to find out what coins they are saying. Then we can analyze ourselves with technical analysis combined with fundamental analysis. It is indeed difficult to combine the two analyzes, we need a long time. My advice never trust 100% of the trading signal channel.

[marcous]

Yup, I've followed some signals but now no more. it must be very careful and need further research. no need for all crypto signals to be followed. because there are some crypto signal groups that only drive FOMO. we never know since when they bought the coin and at what price they have bought. remember risk management in the world of trading.

[doomloop]

You should not rely or even trust the trading signals that you will be receiving from anyone because you don't know how they plot their entry and exit because it is not based on your knowledge and style. You should make a trading strategy by yourself so you will have no one to blame when things go wrong and you will improve if you will rely on yourself all the time through mistakes.

Some rich people do not want to stress themselves on things they aren't interested. I remember few years ago maybe 5 people asked me to handle a portion of their money. Either I can invest it short term and long term or to actively trade it in crypto or stocks or both. I always decline, I am not that good of a trader and investor. And I felt, I can be more focus when risking my own money. So I cannot really say anything bad on people paying someone to give them trading signals. It's for their own risk. I also tried it twice. The first guru was only good at the start and we ended in disaster. The second one I profited but I am hard headed and made my own strategic versions which didn't worked well. I then decided to take a break from trading. I only hold some coins and stocks but seldom do trades anymore.     

Experiencing the same thing when im still trading up with Forex and stocks where there are really some individuals which do really likes for their funds to be handled by others and they do just like to get net income with it but of course i dont have that kind of confidence with my trading system which its always been risky for you to handle out funds
which even you cant be sure on what would be the outcome on monthly basis.

If someone hires a person to handle his funds, it is an effortless way to make money. More or less, this is like running your own business. Someone is working for you and is accountable for producing a certain amount of profit. That is actually a smart way to work. The hired person will also get the opportunity to gain experience and polish his skills. If you are not confident with dong the job, there is no need to take the risk either.

[barota]

whatever thos channel tradinng signals paying or free ;it can be  on sites internet and also telegram; not good and never trust any of him because they use traders or users who trust their fake signals or alert for making profit from other users like i sayed before. everyone must not follow or participe such those trading signals   

[pundit]

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 already posted on a different forum, so I’ll be quoting the post here so I don’t get tagged for copypasta.

Most traders after a series of loses in the first few months of trading would go in search of trading signals from so called Professionals. This thread is to point out flaws in this trading option, and reasons why you should learn to trade yourself.
 

First, What’s a Trading signal?

Trade signals (trading calls) are a set of instructions you receive in real time that contains details of cryptocurrency to buy, what price to buy it at, the targets to sell it at and most importantly the correct stop loss to ensure minimum loss if the trade goes wrong.
 

But there’s always a BUT!


1. When using a trading signal, you have no idea how these signals were generated. If it actually came from a professional or just some random bot. It takes confidence to make a successful trade, and without confidence in the signal, there’s a high chance you’ll be losing.
 

This brings us to the next BUT
 

2. To ensure the trading signal comes from an experienced professional, people pay heavily for these signals. But even if these signals were right, the amount of profit made from these trades are small amounts compared to the amount you pay for the signals. You’ll have to trade using huge trading Capital to cover the cost of a the trading signal.
Does this sound familiar? Yes. Gambling. You’ll might get more chances Gambling than trading with these signals.
 

3. So, some traders (especially newbies) would prefer to trade using a free trading signal. But there’re no actually no free signals. They come at a cost. People who give these signals are paid by the project team, exchange or paid by large whales who want to dump their tokens.
You buy their dumped tokens and you’re left with no one to buy at the stop loss price.
 

4. The cryptocurrency market is very volatile. Profits could go as high as 400% in a few hours and dump to as low as 400% in few hours. Bitcoin, (the most traded cryptocurrency with a market dominance of over 60%) has risen by more than 5% in 24 hours, and up to 1,824% in less than 8 months. Same goes for its fall.

 

 These are just a few risks with trading signals. It’s important to note, that I don’t condemn the use of trading signals. There’re quite a good number of trading signals, but these are few. And you could never tell the difference. It’s worth much better to

- Take responsibility by making decisions yourself.
- Learn Risk Management Skills.
- Understand the process of cryptocurrency trading.
- Build your Trading Career.
 

Trading is more than just a signal, it’s a career. So you have to build it.

Trading signal services are another scams in financial markets be it forex market or crypto market most of the trading signal services will make your account into deep loss. There may be 2-3% of genuine market analyst who can analyze market correctly but most of the signal providers cannot do it.  Signal services providers have win win situation once someone subscribes to their services. If account is lost they lose thing rather they will get some fee and if account grows they get more accounts.

[boris singer]

whatever thos channel tradinng signals paying or free ;it can be  on sites internet and also telegram; not good and never trust any of him because they use traders or users who trust their fake signals or alert for making profit from other users like i sayed before. everyone must not follow or participe such those trading signals   

try to join one of their channels, and learn with your personal analysis, then you will know where the difference is, it's about vigilance, and not about turning a blind eye to refuse. The point is that traders have communication channels for various signals, because a single trader is not possible to analyze many coins at one time. The worst risk is when you trust a signal without analyzing, this is the important part.

[alan2here]

whatever thos channel tradinng signals paying or free ;it can be  on sites internet and also telegram; not good and never trust any of him because they use traders or users who trust their fake signals or alert for making profit from other users like i sayed before. everyone must not follow or participe such those trading signals   

All signals appearing at telegram usually don't have specific analysis for investors and the risk that it brings you is very large, so analyze yourself and make a more accurate decision. I have never followed any signal channel in this market because most of the signals they give have a failure rate of more than 80% and some coins may drop even more if market collapses.
It is not necessary for you to make a profit this way because there are many tutorials available on the internet right now and if you do your own research, you will greatly reduce the risks.

[ajeef]

whatever thos channel tradinng signals paying or free ;it can be  on sites internet and also telegram; not good and never trust any of him because they use traders or users who trust their fake signals or alert for making profit from other users like i sayed before. everyone must not follow or participe such those trading signals   

All signals appearing at telegram usually don't have specific analysis for investors and the risk that it brings you is very large, so analyze yourself and make a more accurate decision. I have never followed any signal channel in this market because most of the signals they give have a failure rate of more than 80% and some coins may drop even more if market collapses.
It is not necessary for you to make a profit this way because there are many tutorials available on the internet right now and if you do your own research, you will greatly reduce the risks.

There are several paid trading signals group that explain their prediction with specifics analytical reason which is good for newbie to learn how to read the chart. But i think we can learn from the free source in the internet there are many of them. And also the bad site joining trading signals is we will be adicted and we don't have any skills to trade and we will always join them and paid the each month which is not good for our crypto career

[EdenHazard]

If we are talking about signals that are sold on paid channels, then I completely agree, most of these channels are complete nonsense, where people lose their money. I personally prefer to analyze the market myself, read the news on various news portals( Neironix.io, cointelegraph etc.), tradingview analytics and make decisions ourselves, rather than pray for signals from closed paid groups.

Most don't have any specific analysis when giving signals and this is not recommended when participating in the crypto market. Now a lot of analytical lessons for you and can apply the knowledge you have learned when trading because if you have the knowledge you will never fail to trade. I never join signals on Telegram because their predictions are unclear and inaccurate.

Never say never , even a professional trader can still failed making predictions and lost a lot.

But here's the difference between the one with a lot of knowledge and the other who know nothing but speculating all the time . First of all a professional knows how to minimize the risk instead targetting a lot of profit at once they tend to think and act based on the data. The newbies just put the buy/sell orders based on the feelings in other words more to gambling instead of doing trade.

I would say that there's might only 1% of professional trader who able to share the analysis through a product called trading signal and really do a legitimate trading signal business, the rest of it is just a bullshit trading signal services operated by an opportunist who trying to steal your money with 100% trading signal lies. I've got a lot of reports from my fellow traders who insist to try the trading signal... guess most of them ended in anger as it feels nothing has changed since they joined , the risk for you to get a scam signal services is more than 80%, don't do that unless if you really know who's the trader themselves.