Risks with using trading Signals

[Cherylstar86]

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

Trading signals is quite good but it needs a reliable source that makes sense to each and everyone of us here in the world of crypto currency community. It's definitely a risk by those newbie in which they can easily believe. I hope each of us here must aware on those signals for the altcoins that they choose since market is still bearish and needs a proper guidance from users have already experienced.

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[cryptothreads]

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   

Since I join this market, many signal channels have been created and all of these channels do not have any clear analysis for investors. I think it's best to stay away and not trust any signals they give because the risk can be huge. Now there are thousands of videos showing you how to analyze this market so take advantage of that to become a smarter investor in this market.

Of course, I don't forbid you to join signals channels but make sure you can make a profit from that coin because if you lose, no one will be responsible for you.

[crossabdd]

I have experienced points 2 and 3. and the initial signal I followed was point 3. Using a free signal, it was like fighting over a chair. because every admin gives information on pump coins. more than 1000 members make an instant buy. and the most unlucky is the last buyer. because prices are in the dump. then I thought, this is just the game admin signal that was bought before the information was revealed. after that I saw a paid signal. and it turns out the same as you said. it doesn't give a big profit. because signal professionals always take profits below 5%. it gives them an advantage because they use large funds. but for me it is very loss. because of the small funds. so at the moment I am sticking with my personal predictions. it's better, i can make a profit target above 10%

[Edraket31]

I have experienced points 2 and 3. and the initial signal I followed was point 3. Using a free signal, it was like fighting over a chair. because every admin gives information on pump coins. more than 1000 members make an instant buy. and the most unlucky is the last buyer. because prices are in the dump. then I thought, this is just the game admin signal that was bought before the information was revealed. after that I saw a paid signal. and it turns out the same as you said. it doesn't give a big profit. because signal professionals always take profits below 5%. it gives them an advantage because they use large funds. but for me it is very loss. because of the small funds. so at the moment I am sticking with my personal predictions. it's better, i can make a profit target above 10%

I don't know but we do have same situation in life, I've been there too, I actually tired at work and I really wanted to study trading but I can't focus much and my friend told me that there's a lot of signals out there, so I tried a couple of groups that are giving free signals, and thankfully I loss, because of it I realized that I should not rely on them, that I need to work for myself if I really wanted to earn. So, I gave time and removed all the excuses on myself.

[Pamadar]

I have experienced points 2 and 3. and the initial signal I followed was point 3. Using a free signal, it was like fighting over a chair. because every admin gives information on pump coins. more than 1000 members make an instant buy. and the most unlucky is the last buyer. because prices are in the dump. then I thought, this is just the game admin signal that was bought before the information was revealed. after that I saw a paid signal. and it turns out the same as you said. it doesn't give a big profit. because signal professionals always take profits below 5%. it gives them an advantage because they use large funds. but for me it is very loss. because of the small funds. so at the moment I am sticking with my personal predictions. it's better, i can make a profit target above 10%

After learning and realizing that it's far better to do things on your own instead of following those trading signals providers, the group owners or facilitator are the one that have a much higher benefits, since the people who are following already bought any coins that the admin already have
since it's still cheap, some might bring more artificial pumped to attract more followers to believe but quickly dumped after seeing good opportunities.

[Vertex_ICO]

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.

Hey! I think if you don't have enough time on your hands, trading signals can be extremely useful. However, it's imperative that if you do sign up for a trading signals platform that you use the right one (i.e not a scam).

[drachman]

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.

All of us when we were starting our journey in this market have made mistakes, and one of the most common mistakes is to believe that a signals group will help you to get profits in the market, it seems so simple and so profitable to take signals from professional traders and then make money with them, but most of those groups are not really interested in helping newbies to become better traders over time, the only thing they care about is to extract every single dollar out of them.

[conex]

Don't fall for sites advertising how to make a fortune just by using their signals. It's much wiser to educate yourself and make your own predictions based on knowledge and experience. Would advise visiting sites as Altcoin Fantasy or Newscrypto.io. Wish successful trading day!

[Slow death]

Hey! I think if you don't have enough time on your hands, trading signals can be extremely useful. However, it's imperative that if you do sign up for a trading signals platform that you use the right one (i.e not a scam).

And how will the person know if the signal provider is good or not? The signal provider may get it right a few times and the person may believe that the signal provider will be doing a good job. What people should do is study technical and fundamental analysis and do their own price analysis and forecasting.

[drachman]

Hey! I think if you don't have enough time on your hands, trading signals can be extremely useful. However, it's imperative that if you do sign up for a trading signals platform that you use the right one (i.e not a scam).

And how will the person know if the signal provider is good or not? The signal provider may get it right a few times and the person may believe that the signal provider will be doing a good job. What people should do is study technical and fundamental analysis and do their own price analysis and forecasting.

It is impossible to know if the person that is giving the signals is any good and if they are smart enough they could deceive you to the point that you think they are infallible when that is not true, a very common scam is to give two sets of different predictions to different people one predicting that the price will go up and another predicting that the price will go down a minority of people will receive all the right signals and they will be convinced of their ability when it was just luck.

[adjed]

In the Cryptocurrency space, nobody is out to hand you free cash for nothing, some people see free signals groups and they join without even asking themselves why it was created in the first place, for charity? I highly doubt that would be the answer if they bother to ask, people always wants to make easy money and would do almost anything to get it without thinking of the repercussions.

As for the paid signals groups, they evidently are not doing it for charity but have you stopped to ask yourself why they would be collecting that kind of small amounts from you when they have all the knowledge in the trading world? They could simply have used the funds they have to multiply their cash by buying all the best coin and making huge profits daily, without having to carry anyone along too.

[giltc148]

Taking all these risks into account, I decided to keep on using infobots only. To be honest, though this discussion looks like proof that crypto signals are pure evil, it is not actually the truth. The trick is that you shouldn’t replace knowledge with tools. For example, I am using https://t.me/CexIoInfoBot because of its feature of informing me about price changes. But I do realize that I can’t replace my knowledge on what to do with this information with any tool.

[drachman]

In the Cryptocurrency space, nobody is out to hand you free cash for nothing, some people see free signals groups and they join without even asking themselves why it was created in the first place, for charity? I highly doubt that would be the answer if they bother to ask, people always wants to make easy money and would do almost anything to get it without thinking of the repercussions.

As for the paid signals groups, they evidently are not doing it for charity but have you stopped to ask yourself why they would be collecting that kind of small amounts from you when they have all the knowledge in the trading world? They could simply have used the funds they have to multiply their cash by buying all the best coin and making huge profits daily, without having to carry anyone along too.

When you begin to think about it it doesn't really make sense, but newbies never think about this, they are completely blinded by their greed and by their desire to make money that they do not really think through what they are doing and when you add that they do not have any knowledge about how to trade any market then scammers have a very easy time to deceive them and taking their money, it is quite sad but if you do not want to learn by reading you will have to learn by experience which is many times more painful.

[nicolas1979]

We already know about trading signals but like or not some people get lucky use this method. Nothing wrong when people use this method because this is their money their account their life. For people who want to learn very detail please don't use trading signal, try demo account take risk make time to fix your mistakes and keep going. Honestly people can do any strategy they like, as long they can take the risk and keep profit everything fine.

[Polar91]

We already know about trading signals but like or not some people get lucky use this method. Nothing wrong when people use this method because this is their money their account their life. For people who want to learn very detail please don't use trading signal, try demo account take risk make time to fix your mistakes and keep going. Honestly people can do any strategy they like, as long they can take the risk and keep profit everything fine.

There is no big deal (negatively) in using trading signal if you are just starting. Even though you don't know how to use it very well, it won't disrupt your strategy but it will rather help you to understand the price action in the market chart. Every traders are recommended to use it because without it; speculating the market trajectory will be difficult as before.

[tonyvo2017]

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.

Trading on signals or news is a real bullshit. I used to be a lazy guy who refused to learn and just wanted to make easy money or steal other people's ideas. but only after I realized I had 12 consecutive orders of continuous loss and from there I began to change my mind and study Tenhnical analysis myself. Now my profits have gotten better and I suddenly realize that people who are always following the news are like little lambs being led by signalers. it can be a big trap but the sheep would never see the trap until it caught!

[Savemore]

In the Cryptocurrency space, nobody is out to hand you free cash for nothing, some people see free signals groups and they join without even asking themselves why it was created in the first place, for charity? I highly doubt that would be the answer if they bother to ask, people always wants to make easy money and would do almost anything to get it without thinking of the repercussions.

As for the paid signals groups, they evidently are not doing it for charity but have you stopped to ask yourself why they would be collecting that kind of small amounts from you when they have all the knowledge in the trading world? They could simply have used the funds they have to multiply their cash by buying all the best coin and making huge profits daily, without having to carry anyone along too.

When you begin to think about it it doesn't really make sense, but newbies never think about this, they are completely blinded by their greed and by their desire to make money that they do not really think through what they are doing and when you add that they do not have any knowledge about how to trade any market then scammers have a very easy time to deceive them and taking their money, it is quite sad but if you do not want to learn by reading you will have to learn by experience which is many times more painful.

Fake gurus and mentors are all over in the market, they keep giving an wrong information and ideas. Most of newbies are encourage to follow and listen to fake gurus because of their greed. The still not have enough information how the market works. But I'm sure that those people who have signal group will regret their decisions.

[Edraket31]

In the Cryptocurrency space, nobody is out to hand you free cash for nothing, some people see free signals groups and they join without even asking themselves why it was created in the first place, for charity? I highly doubt that would be the answer if they bother to ask, people always wants to make easy money and would do almost anything to get it without thinking of the repercussions.

As for the paid signals groups, they evidently are not doing it for charity but have you stopped to ask yourself why they would be collecting that kind of small amounts from you when they have all the knowledge in the trading world? They could simply have used the funds they have to multiply their cash by buying all the best coin and making huge profits daily, without having to carry anyone along too.

When you begin to think about it it doesn't really make sense, but newbies never think about this, they are completely blinded by their greed and by their desire to make money that they do not really think through what they are doing and when you add that they do not have any knowledge about how to trade any market then scammers have a very easy time to deceive them and taking their money, it is quite sad but if you do not want to learn by reading you will have to learn by experience which is many times more painful.

Fake gurus and mentors are all over in the market, they keep giving an wrong information and ideas. Most of newbies are encourage to follow and listen to fake gurus because of their greed. The still not have enough information how the market works. But I'm sure that those people who have signal group will regret their decisions.

This is their way to earn more by spreading fake signals so that people can buy while they are all selling, so don't fall into this trap, this is really something that we should avoid about or else this will make us lose our hardearned money, better to do your own research and learn trading on your own as there is no way you cannot learn it as there's a lot of tools out there available on youtue and internet.

[TrevorS]

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.

Why do you so categorically call these people lazy. I know the number of people who have earned their money by hard work, and later they don’t want to spend time studying trading, they are ready to give part of their money to get good signals. Indeed, in this way they save their time, which they spend on making money elsewhere.There are lazy people, it is obvious that they fall into the traps of scammers most often.
But do not generalize so much, it is not ethical.

[stomachgrowls]

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.

Why do you so categorically call these people lazy. I know the number of people who have earned their money by hard work, and later they don’t want to spend time studying trading, they are ready to give part of their money to get good signals. Indeed, in this way they save their time, which they spend on making money elsewhere.There are lazy people, it is obvious that they fall into the traps of scammers most often.
But do not generalize so much, it is not ethical.

Not to be generalize but majority would really be considered.I cant say neither they are lazy or not yet there are really ones who do follow up trading signals but not fully but rather they do
put out also their own analysis.In short they do integrate other ideas with their own.You can classify a shady signal most likely happen on low cap coins which you know that it is prone to
manipulation but if we do talk about btc and other big alts then you can consider to look and analyze it.We are all speculators on here so its up to you to choose things which would be suitable or
would fit out for you.