Risks with using trading Signals

[Soots]

When we relied on signals or some groups who shares their specific analysis, you won't be able to decide for certain actions. You might fall on wrong moves which eventually unpredictable, because some certain cases will divert. Your expectations will not meet the reality of the situation, and if signals will be the reference for every matter of perspectives we won't achieve our goals.
Always do more research and study deeply how the market changes the pattern, because someday it's worth for our hardwork.

[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.

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.

But even if they follow those gurus as you call them it will be very easy to disprove their status if they just compared notes, if someone asked the question of how many of those that have followed the guru for years have changed their lives thanks to him you will find out there will be no one that could give such an answer and that should be the first indication that all of what that person is saying is not true and it is only helping one person and that is himself.

[TastyChillySauce00]

When we relied on signals or some groups who shares their specific analysis, you won't be able to decide for certain actions. You might fall on wrong moves which eventually unpredictable, because some certain cases will divert. Your expectations will not meet the reality of the situation, and if signals will be the reference for every matter of perspectives we won't achieve our goals.
Always do more research and study deeply how the market changes the pattern, because someday it's worth for our hardwork.

and actually, if a group of analyst giving their trading signals to their member which could possibly amount thousands it will definitely alter what they initially predicted and create some kind of artificial pump and dump because many people are buying or selling at the same time which could be taken advantage of by the anaylst that have these trading signal service. People should actually take that into consideration before even joining any these so called premium trading signals.

[yanto@1977]

We already discuss this and I believe most of us agree to leave trading signal. Trader must use their own skill to built the best performance face market in every condition. Learn and practice is not easy but use signal will make you bankrupt.

[Gheka]

When we relied on signals or some groups who shares their specific analysis, you won't be able to decide for certain actions. You might fall on wrong moves which eventually unpredictable, because some certain cases will divert. Your expectations will not meet the reality of the situation, and if signals will be the reference for every matter of perspectives we won't achieve our goals.
Always do more research and study deeply how the market changes the pattern, because someday it's worth for our hardwork.

and actually, if a group of analyst giving their trading signals to their member which could possibly amount thousands it will definitely alter what they initially predicted and create some kind of artificial pump and dump because many people are buying or selling at the same time which could be taken advantage of by the anaylst that have these trading signal service. People should actually take that into consideration before even joining any these so called premium trading signals.

Well, the case you say is possible because with a signal sharing for so many people, these predictions can be reversed when people's needs change rapidly but this is very rare when everyone who has been in this market for a long time knows that the delicious food won't be shared publicly. Besides, a group of people can only earn a small portion of the huge profit from pumping and dumping plans, so signals from groups still have a lot of chances to happen but we need to know where is the right place, more precisely, it is a consideration in the decision when facing the opportunities that others provide

[Karmakid]

We already discuss this and I believe most of us agree to leave trading signal. Trader must use their own skill to built the best performance face market in every condition. Learn and practice is not easy but use signal will make you bankrupt.

It is not always that way. Trading based on a signal will not make you bankrupt most of the time because there are still signal groups online that are giving good trading signals. It is still better to rely on yourself rather than to others because when you master the way of trading then you can easily surpass the potential gains that the signals offer.

[btc78]

We already discuss this and I believe most of us agree to leave trading signal. Trader must use their own skill to built the best performance face market in every condition. Learn and practice is not easy but use signal will make you bankrupt.

we dont need to totally abandoned the signals instead we will use them as basis of our research,let us not forget that some of them has potential so with their signal and our knowledge combined?there is a chance of profiting right?

[BitcoinHunt3r]

We already discuss this and I believe most of us agree to leave trading signal. Trader must use their own skill to built the best performance face market in every condition. Learn and practice is not easy but use signal will make you bankrupt.

we dont need to totally abandoned the signals instead we will use them as basis of our research,let us not forget that some of them has potential so with their signal and our knowledge combined?there is a chance of profiting right?

I think it is better if we do that. But sometime good trading signal, or maybe which is really near to be always right in prediction is not free. And maybe people who paid for that wouldn't do anything else like more research and then just do what the trading signal said. Because some of them join trading signal because they are not want to do deep analysis in trading.

[nydiacaskey01]

We already discuss this and I believe most of us agree to leave trading signal. Trader must use their own skill to built the best performance face market in every condition. Learn and practice is not easy but use signal will make you bankrupt.

we dont need to totally abandoned the signals instead we will use them as basis of our research,let us not forget that some of them has potential so with their signal and our knowledge combined?there is a chance of profiting right?

Basis for what? Why the price of the token went up on that day because a certain signal group agreed to pump that token and dump? I would rather keep a record of those tokens that prices went up without the help of a signal group. I want to see which token has grown organically and not using artificial way to pump the price. If the project is really good, price will go up, naturally.

[South Park]

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.

This is not only about laziness if it was then I can assure you that those people will have not enough motivation to try to trade the markets, this is about a very dangerous combination which is laziness and greediness, the traders that prefer to use signals coming from other people to trade the markets not only are lazy they are greedy, they want to obtain all the benefits of trading without having to work for it and we know that stories like that never end well for those that are involved.

[dragon695]

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.



- 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.

I really enjoyed this last sentence. It is for lazy people to learn and analyze techniques. Many people appear in this market just to hear the signals of professional traders but they do not have any knowledge of trading. This is really a very wrong thinking of freeloaders and lazy people. Hopefully after this article many people will wake up and spend more time getting serious with this work. Trading is really an interesting job if we learn more about it.

[posi]

We already discuss this and I believe most of us agree to leave trading signal. Trader must use their own skill to built the best performance face market in every condition. Learn and practice is not easy but use signal will make you bankrupt.

we dont need to totally abandoned the signals instead we will use them as basis of our research,let us not forget that some of them has potential so with their signal and our knowledge combined?there is a chance of profiting right?

Basis for what? Why the price of the token went up on that day because a certain signal group agreed to pump that token and dump? I would rather keep a record of those tokens that prices went up without the help of a signal group. I want to see which token has grown organically and not using artificial way to pump the price. If the project is really good, price will go up, naturally.

To be honest, no market around the world will grow organically with the aid of an individual or a group which decision to investment huge fund not to mention cryptocurrency market which can be easily manipulated due to it been high volatile.
I don't support group signal but i think what we need is a genuine connection which will provide real information about the whales movement instead of joining a trading signals group which literally make people bankrupt.

[Harlot]

We already discuss this and I believe most of us agree to leave trading signal. Trader must use their own skill to built the best performance face market in every condition. Learn and practice is not easy but use signal will make you bankrupt.

It is not always that way. Trading based on a signal will not make you bankrupt most of the time because there are still signal groups online that are giving good trading signals. It is still better to rely on yourself rather than to others because when you master the way of trading then you can easily surpass the potential gains that the signals offer.

OP is probably discussing both paid and free trading signals and the risk that comes along with it. I gave up on joining trading signals especially the ones found in Telegram channels since they will offer you "free" signals on their channel yet at the same time they will offer you a "paid" or "premium" version of their system both of which are not worth your time. Most trading signals I see would just put a entry and target price and they don't really give you the analysis for the said trading signal which makes it more suspicious on why they come out with this coin and how they come up with this price. As a precautionary measure I'll just observe the price of their trading signal and only two things happen it didn't move or it will fall down which is really a bad sign for such service roaming around the industry.

[South Park]

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.



- 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.

I really enjoyed this last sentence. It is for lazy people to learn and analyze techniques. Many people appear in this market just to hear the signals of professional traders but they do not have any knowledge of trading. This is really a very wrong thinking of freeloaders and lazy people. Hopefully after this article many people will wake up and spend more time getting serious with this work. Trading is really an interesting job if we learn more about it.

If having a losing trade after losing trade and losing money that they cannot really afford to lose does not wake them up then I am not really positive that an article on an Internet forum is going to be enough to make people to change their believes about the markets, it may seem weird but people prefer to lose their money doing things their way than to admit their mistake and try everything that they can in order to change those senseless mistakes.

[carlfebz2]

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.



- 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.

I really enjoyed this last sentence. It is for lazy people to learn and analyze techniques. Many people appear in this market just to hear the signals of professional traders but they do not have any knowledge of trading. This is really a very wrong thinking of freeloaders and lazy people. Hopefully after this article many people will wake up and spend more time getting serious with this work. Trading is really an interesting job if we learn more about it.

If having a losing trade after losing trade and losing money that they cannot really afford to lose does not wake them up then I am not really positive that an article on an Internet forum is going to be enough to make people to change their believes about the markets, it may seem weird but people prefer to lose their money doing things their way than to admit their mistake and try everything that they can in order to change those senseless mistakes.

You cant tell because people do have different mindsets towards things but mostly they dont really care enough on any articles or books
that do mentioned out recreation or advises.You are right where majority find things on their own rather than listening on whats being said
by others. It isnt bad though but hearing out useful words from other people is more worth than trying hard for yourself even if you are already losing too much.

[Distinctin]

We already discuss this and I believe most of us agree to leave trading signal. Trader must use their own skill to built the best performance face market in every condition. Learn and practice is not easy but use signal will make you bankrupt.

we dont need to totally abandoned the signals instead we will use them as basis of our research,let us not forget that some of them has potential so with their signal and our knowledge combined?there is a chance of profiting right?

Basis for what? Why the price of the token went up on that day because a certain signal group agreed to pump that token and dump? I would rather keep a record of those tokens that prices went up without the help of a signal group. I want to see which token has grown organically and not using artificial way to pump the price. If the project is really good, price will go up, naturally.

We should avoid trading any assets with less trading volume because the prices can be easily manipulated for that bump and dump groups will be enough.When a token follow this way then the end of that project's potential is not too far, sometimes it happens with the good projects as well but not every project which has good idea doesn't need to be successful so be smart as trader and don't trust these shitty groups which will trap you at one point.

These pump and dump groups are played by whales. Due to the fact that they influential in the market it is easy for them to take noob as their prey. Following signals in trading is really high risk and the big possibility of losing that is why most traders won't make this as a helping tool to become profitable and succeed in trading cause most signal users are suffering loose ends.

[AjithBtc]

We already discuss this and I believe most of us agree to leave trading signal. Trader must use their own skill to built the best performance face market in every condition. Learn and practice is not easy but use signal will make you bankrupt.

we dont need to totally abandoned the signals instead we will use them as basis of our research,let us not forget that some of them has potential so with their signal and our knowledge combined?there is a chance of profiting right?

Basis for what? Why the price of the token went up on that day because a certain signal group agreed to pump that token and dump? I would rather keep a record of those tokens that prices went up without the help of a signal group. I want to see which token has grown organically and not using artificial way to pump the price. If the project is really good, price will go up, naturally.

We should avoid trading any assets with less trading volume because the prices can be easily manipulated for that bump and dump groups will be enough.When a token follow this way then the end of that project's potential is not too far, sometimes it happens with the good projects as well but not every project which has good idea doesn't need to be successful so be smart as trader and don't trust these shitty groups which will trap you at one point.

These pump and dump groups are played by whales. Due to the fact that they influential in the market it is easy for them to take noob as their prey. Following signals in trading is really high risk and the big possibility of losing that is why most traders won't make this as a helping tool to become profitable and succeed in trading cause most signal users are suffering loose ends.

Agreed, these pump and dumping groups were used as a manipulative tool by the whales who always tries to make use of the market according to their needs. This is possible to certain level, and to attain the same various tactics were played, and what we experience out of the trading signals is one way. Apart from this practices like negative news circulation, hacks and some panic statements will be revealed without any perfect data.

[whyrqa]

Agreed, these pump and dumping groups were used as a manipulative tool by the whales who always tries to make use of the market according to their needs. This is possible to certain level, and to attain the same various tactics were played, and what we experience out of the trading signals is one way. Apart from this practices like negative news circulation, hacks and some panic statements will be revealed without any perfect data.

I believe that almost every cryptocurrency user who has been engaged in this activity for a considerable time and has experience in cryptocurrency trading knows that any trading signals do not give the desired result.  At least the existence of these signals has only one purpose, which is aimed at ensuring that specific people or groups of traders get the benefit, and not the user who decided to use the information for a successful transaction.  I have never seen information that someone really talked about the results obtained thanks to the signals, and all such discussions not only raise doubts, but are also aimed at drawing attention to these trading signals.

[wajik-tempe]

Agreed, these pump and dumping groups were used as a manipulative tool by the whales who always tries to make use of the market according to their needs. This is possible to certain level, and to attain the same various tactics were played, and what we experience out of the trading signals is one way. Apart from this practices like negative news circulation, hacks and some panic statements will be revealed without any perfect data.

I believe that almost every cryptocurrency user who has been engaged in this activity for a considerable time and has experience in cryptocurrency trading knows that any trading signals do not give the desired result.  At least the existence of these signals has only one purpose, which is aimed at ensuring that specific people or groups of traders get the benefit, and not the user who decided to use the information for a successful transaction.  I have never seen information that someone really talked about the results obtained thanks to the signals, and all such discussions not only raise doubts, but are also aimed at drawing attention to these trading signals.

Yeah actually most of the trading signals group are the pumping group because they will together doing mass buy or sell to drop the price. If the trading signals group has big and solid members i'm sure it could move the price of a coin especially coins with low volume.

[ice098]

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.

Agree, I do not use any trading signals or being part of their group because I believe that not all of the signals from them are true ,sometimes it will be a bait for us to buy their order , and also they will required us to pay for premium membership fee, though we can be good enough in trading we just need to study all the things so that we can be an expert trader.