What Is A Trading Signal Platform And Why You Should Try It For Cryptocurrency T

[JessicaVL]

There are many aspects to trading. There is technical analysis, fundamental analysis, psychology, leverage and many other. Using a variety of analytical tools, investors can come up with a trading signal, which is a point at which action should be taken. Whether you buy or sell on that signal, depends on the analysis. Sometimes it depends on complex algorithms. Other times, the trading signal is the product of pure herd mentality, hence the rise of social trading. Regardless of how the signal is produced and what you do when you see it, it is important to get acquainted with the way these trading signals are produced and how to take advantage of it on your preferred trading platform, especially if you are looking at cryptocurrency trading.

Trading Signal Sites
There are websites that specialize in producing trading signals. Nevertheless, these sites are always suspect. Logically speaking, if you have a trading signal that will give you an edge, why share it with everyone? The process by which they produce these trading signals should also be questioned. Many of these sites don’t show you their algorithms or their technical analysis. When it comes to cryptocurrency trading signals, it is easier to make anything up and make it look serious. Therefore, trading on their signals becomes tricky at best.

Trading Platforms Offering Trading Signal Services
You might be better off trying a trading platform that offers trading signals. These platforms clearly have a different interest and their profit structure encourages them to be more honest with their clients – if they are a legitimate trading platform that can be trusted. Here is why:
- Trading platforms are in the business of facilitating the trade, not in the business of making a trade
- These platforms make money on trading fees, which means they don’t care on which side of the trade you are on
- They want to make sure you keep on trading, so they are more likely to give you reliable information
- Experts work for these platforms, giving you access to great insights and sophisticated analysis

Crypto Trading Signals
When it comes to cryptocurrency trading, the analysis that produces a signal is even more complex. The variety of factors and the technical know-how required, make crypto trading signals hard to get right. Regardless of how well you do your fundamental and technical analysis, when it comes to cryptocurrency trading following what other people are doing is crucial. Therefore, you should always do your own research. Nevertheless, if you are already trading on a platform you feel confident in, you should include their signals in your research.

Best Cryptocurrency Trading Signals
Only a few platforms offer you the right tools to get your cryptocurrency trading signals right. The most prominent of them all is probably eToro. Unlike FX-Advisor and Signal Profits – both trading signal sites – eToro is a fully-fledged trading platform that has clear incentives. There are other trading platforms that also offer trading signals, like MetaTrader, if you don’t like eToro. Nevertheless, it seems that eToro has a leg up on the rest in part because of the quality of their cryptocurrency trading signals.

Social Trading
Apart from trading signals, eToro has a social trading tool. Copy trading allows traders to copy investments opened and managed by other investors. This is usually within the context of a social trading platform – which is exactly what eToro is. You’ll be able to find other traders on eToro easily. The Editor’s Choice section shows you Popular Investors that are worth looking into.

DYOR!
But even when the trading platform is so reputable and so good at producing wonderful signals, you should never follow them or other traders blindly. Cryptocurrency is all about self-reliance. When it comes to the information you trade on the same principle applies. Make sure you DYOR – do your own research – and avoid making trades you are not certain about.

https://bitcoinchaser.com/cryptocurrency-trading-signals/

[MURONDI]

I personally do not really like trading signals, sometimes it all makes me confused, because some trading signal platforms often give different signals, I'd better learn to analyze it myself, sometimes I also follow trading signals to add insight.

[rijaljun]

DYOR!
But even when the trading platform is so reputable and so good at producing wonderful signals, you should never follow them or other traders blindly. Cryptocurrency is all about self-reliance. When it comes to the information you trade on the same principle applies. Make sure you DYOR – do your own research – and avoid making trades you are not certain about.

So after reading the full thread, there comes the conclusion that made the whole thread useless : don't trust any signals!

[Wexnident]

Its quite nice you defined them all and such but that last part basically killed everything you said lmao. Though I gotta agree. Professional traders have their own signals that they follow and well, these trading signals could probably be used but mostly by beginners only, when they are still familiarizing themselves to the way of trading. Also, etoro is good with its copy trading and all but IIRC, there were a bit of negative reviews regarding its special features and desktop experience, but well as a trading site, it works quite well.

[avikz]

Trading signals are very well used in forex market. There are professional signal provider website where subscription cost runs in hundreds of dollars every month! However, I too belive in DYOR methodology!

Technical analysis is mainly made to replicate human emotion in a regulated environment. Cryptos are very different and completely non-regulated! Hence traditional technical analysis is of no use in crypto market. Every seasoned crypto traders know this fact!

[iamaruf]

I am not going to support any signal group.Also old trader will not support.Maximum trading signal group are paid for this. Few groups turned to scam.Newbie trader going to hear and support signal groups.But buying coin from hearing signal groups is very risky.         

[Savemore]

I do not have any plan to use trading signal platforms and I will never use it. My I will follow them if they are also struggling in trading. It is better if I will follow my own decisions that there decisions. Most of the trading signals or the pump and dump group are scams and they are only finding a dumb person that can be their victim. It is not a good decision to follow trading signal groups.

[nicolas1979]

I try to avoid signal for every activity ( trading/ investment ) follow signal will make my performance not increase. There's no guarantee you'll get profit and if you want to search many people has bad experience with signal. So, I'll do my best and take risk that can manage. Trust in you and never forget to set stop loss and take profit area before enter the market.

[Reid]

Trading Signal Sites
There are websites that specialize in producing trading signals. Nevertheless, these sites are always suspect. Logically speaking, if you have a trading signal that will give you an edge, why share it with everyone? The process by which they produce these trading signals should also be questioned. Many of these sites don’t show you their algorithms or their technical analysis. When it comes to cryptocurrency trading signals, it is easier to make anything up and make it look serious. Therefore, trading on their signals becomes tricky at best.

I don't believe much in this.
Most of them are just group of scammers.
You will pay for their service and then they will give you signals but at the end you will still lose.
Yes, at the start they will let you win to bite the trap. Afterwards you will be producing more making your capital way higher than how much you started.
Say goodbye too all that money when you believe them again.

My take, use them before they use you.

[maxreish]

If you can learn technical analysis, even if you don't join any signal groups you still gain profits. Believe me, I knew someone who joined signal group but it is not  100% working and regret joining at the end. Just a waste because he paid for the subscription. We can still achieve our profit with the best indicators. Most of the signal groups were fake and we are just tolerating their fake group if we tend to join them.

[conex]

Totally agree, nicely explained. You shouldn't trust these signals and the mistake newbies make is trying to make bucks and paying for them (i mean some sites/signals are cool but most are just trash...)...everyone should make its own research.

[leea-1334]

I would add a big reason NOT to use it. Try to look for 3 different signal services all in the same pair and same duration. Meaning,,, if you want day trade or week trade then look for all in the same duration.

Everyone is using same TA. Everyone has same principles. But everyone has different entry/exit.

And everyone if you see portfolio generally lose in the bad days and win in the good days. Same thing if you do it yourself trust me.

[Arkann]

Totally agree, nicely explained. You shouldn't trust these signals and the mistake newbies make is trying to make bucks and paying for them (i mean some sites/signals are cool but most are just trash...)...everyone should make its own research.

If there are really effective signals, then their information is not for wide use, because only a limited number of people use such resources and in my opinion no one else is allowed to this information.  You have correctly stated that everyone personally must learn to analyze all the information and, based on the results, act accordingly.  Until recently, I very often paid attention to all the signals of the telegrams of the channels, but my activity on their advice was unsuccessful.

[nydiacaskey01]

If this trading signal groups are really legit, there should be a lot of Millionaires running around with their Lambos by now. How come there's a still a few of them? Maybe in stock market or in Forex this will work but not in Cryptos. Unless your group has a large pool of BTC that is enough to make the price of BTC go up or down at any given time and I don't think there is a group that can claim that.

[Mahanton]

If this trading signal groups are really legit, there should be a lot of Millionaires running around with their Lambos by now. How come there's a still a few of them? Maybe in stock market or in Forex this will work but not in Cryptos. Unless your group has a large pool of BTC that is enough to make the price of BTC go up or down at any given time and I don't think there is a group that can claim that.

I dont even consider that these trading signal groups does work on market or Forex unless if you do get some info from an insider which moves out the price but
come to think that price manipulation on forex or legal markets is really a serious matter where you can really be sued out or put into prison once caught but
on general talk i dont see for these things to be effective but still considered as pure speculation.As you said, if these people were pro they wont bother to share it to others.

[Hamphser]

If you can learn technical analysis, even if you don't join any signal groups you still gain profits. Believe me, I knew someone who joined signal group but it is not  100% working and regret joining at the end. Just a waste because he paid for the subscription. We can still achieve our profit with the best indicators. Most of the signal groups were fake and we are just tolerating their fake group if we tend to join them.

Joining signal group these days is not recommended anymore since they can easily manipulate the new members or their victims. Most of these signal group is a total scam they just want you to believe that they were legit but they can't prove it. So i would rather stay away from them as far as i could.

[ReiMomo]

If you can learn technical analysis, even if you don't join any signal groups you still gain profits. Believe me, I knew someone who joined signal group but it is not  100% working and regret joining at the end. Just a waste because he paid for the subscription. We can still achieve our profit with the best indicators. Most of the signal groups were fake and we are just tolerating their fake group if we tend to join them.

Joining signal group these days is not recommended anymore since they can easily manipulate the new members or their victims. Most of these signal group is a total scam they just want you to believe that they were legit but they can't prove it. So i would rather stay away from them as far as i could.

Totally agree with you, why traders rely on a trading signal group and not by their own study. I prefer to be used trading bot than using a trading signal group which did not give any guarantee in making a profit. Yes, please avoid trading signal group because most of them are probably doing pump and dump which they will make more than profit than their members. Do your own research is much more appropriate and it is a good in feelings if you earn by your own strategy.

[rijaljun]

Joining signal group these days is not recommended anymore since they can easily manipulate the new members or their victims. Most of these signal group is a total scam they just want you to believe that they were legit but they can't prove it. So i would rather stay away from them as far as i could.

Actually, it is from the the long time ago. No one actually giving legit signals for free, there is no point and benefit for those traders anyway unless you pay them to provide signals but is also not sure if they want you to get profits from it. If you have made some profits with free signals days back then you are just lucky. You aren't supposed to rely on signals, it is never good for the long run.

[HarmonyA]

Thanks for the overview. But trading signals are not to be trusted, they are like ponzi scheme that get people stocked at the peak of the pyramid. Just as pointed earlier,  "if you have a trading signal that will give you an edge, why share it with everyone?". Trading signals are in the same category with those claiming to be crypto account managers online, who end up robbing their victims.
This is my own opinion,  but I will suggest you should DYOR to fortify yourself against unrealistic trading signals.

[Hamphser]

Joining signal group these days is not recommended anymore since they can easily manipulate the new members or their victims. Most of these signal group is a total scam they just want you to believe that they were legit but they can't prove it. So i would rather stay away from them as far as i could.

Actually, it is from the the long time ago. No one actually giving legit signals for free, there is no point and benefit for those traders anyway unless you pay them to provide signals but is also not sure if they want you to get profits from it. If you have made some profits with free signals days back then you are just lucky. You aren't supposed to rely on signals, it is never good for the long run.

I do agree that you have to learn and earn profit from trading on your own without relying on any signal group. They can manipulate you if you still hasn't learn anything from trading or you might regret it on the latter. It is always better to do your own research and learn from it because you can't rely someone from the rest of your life.