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

[carlfebz2]

Trading signal platforms or groups are profitable for other people but not for me. I tried to pay a premium fee just to be in a signal group and to be honest, I am earning decent for the first few days but after a week, their calls are not profitable anymore, it seems like they are just lucky enough for their first calls. After that, I don't trust the signal platforms or groups and I would rather spend my money in buying a legit trading course rather than relying on other so called trading experts.

Not really profitable for other people. usually these groups are just trying to take advantage of their users even if the users have paid them some amount of money but they still lure them to follow every instruction this so called trading expert that gives signal. It's just another BS that people think is real but actually is not.
most of the time people will realize the BS after the trading signal miss and make them lose otherwise they wont learn.

at first they should read the terms and conditions posted on the program that they will gonna join and they will decide if they will consider the risk or not especially for the platform like this where the owner is also a normal user that is trying to predict the price and prediction means it not guarantee that all of  you who join the program will earn  . laslty this was only a signal but it does not tell you a step by step way to trade properly . the trader is still the one that is responsible for his actions  .

Following any trading signals does really still need an analysis on traders side and same as you said where these signal givers are just making their own speculation too towards the site.
Even how good they are they cant guarantee profits in the end of the day.

Im not really into trusting any platforms or individuals that do provide signals because if they were making money with good trades then they wont really bother on sharing it to public for adding up some benefits
yet they can earn it with just soloing.

[zeze18]

Trading signal platforms or groups are profitable for other people but not for me. I tried to pay a premium fee just to be in a signal group and to be honest, I am earning decent for the first few days but after a week, their calls are not profitable anymore, it seems like they are just lucky enough for their first calls. After that, I don't trust the signal platforms or groups and I would rather spend my money in buying a legit trading course rather than relying on other so called trading experts.

Not really profitable for other people. usually these groups are just trying to take advantage of their users even if the users have paid them some amount of money but they still lure them to follow every instruction this so called trading expert that gives signal. It's just another BS that people think is real but actually is not.
most of the time people will realize the BS after the trading signal miss and make them lose otherwise they wont learn.

Yeah most of them are buying the coins first before they give the signals, and the buy zone must be higher than their buy zone so people will get trapped and the signal maker are going to have profits and also get money from they followers. As a new traders we should just learn from our experience and learn from tradingview

[JessicaVL]

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.

Whatever works for you is great! Honestly, it doesn't matter the methods that you use, if you're trading is successful then that's what really matters.

[JessicaVL]

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!

Thanks for your feedback - although that wasn't really the intention. More so just for beginners to realize that there are still risks involved with signal trading, and to do their own research before committing to anything. 

[JessicaVL]

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.

Trading signals are still really useful - I don't think that the conclusion negates the entire thread. With that being said, it's important the new traders understand that there are still risks involved with signal trading. I've found the desktop experience with eToro to be really good, and as a trading site it's basically infallible.

[JessicaVL]

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!

thanks for your input! I definitely believe that there needs to be more awareness around signal trading in crypto. I'm not sure what you mean in that technical analysis can't apply to cryptocurrency - can you expand?