Can Signal Trading work for Cryptocurrencies

[hassancisse]

Hello everyone. I have been so curious about this lately, can you buy signals to trade cryptocurrencies concerning the volatility and how it moves. There are lot of forex signals out there that you buy and make a lot of money from but i dont believe it works for cryptocurrencies.

I need your opinion people

[GreatArkansas]

It work sometimes, even in cryptocurrencies there are some premium trading signals where they provide where or when to buy/sell.
It's kinda expensive, just be careful on subscribing on some, research first and make sure they are legit premium trading signals.
I already tried last time to subscribe to some and they using telegram to communicate with their subscribers.

[hassancisse]

It work sometimes, even in cryptocurrencies there are some premium trading signals where they provide where or when to buy/sell.
It's kinda expensive, just be careful on subscribing on some, research first and make sure they are legit premium trading signals.
I already tried last time to subscribe to some and they using telegram to communicate with their subscribers.

Thank you for the contribution. The ones you tried out what was their win rate every month

[mk4]

"Trading signals" can be quite different in the cryptocurrency markets. Instead of the group owner actually somewhat predicting price increases, the group owners does the "pump and dump" method instead, whereas the group leader buys a good amount of a low-marketcap coin/token, and tell his/her followers to buy that coin/token, pumping up the price. Then, the group leader dumps his/her holdings, crashing the prices back down.

I wouldn't recommend it at all.

[maxreish]

Those crypto signal groups are mostly paid signals that needs VIP subscriptions to join. And when it's come to accuracy it is not 100% accurate. Though I can tell there are some signals that they provide that are effective sometimes but if you know how to read teachnical analysis, volumes, charts, etc. Then I won't advise you to join any signal groups. Waste of money + not that really accurate. Well, that's my own experience. So, you can still try it yourself.

[Negotiation]

I think cryptocurrency has more risk for signal trading These signals do not always give the right direction Most of the information is incorrect In that case  it is better to trade by analyzing your own market without following the trading signals. This will reduce the amount of risk You should also try to learn trading charts after reading different books and watching videos These groups use these trading signals to scam It is better not to follow the signals.

[Blue_oxen]

Those crypto signal groups are mostly paid signals that needs VIP subscriptions to join. And when it's come to accuracy it is not 100% accurate. Though I can tell there are some signals that they provide that are effective sometimes but if you know how to read teachnical analysis, volumes, charts, etc. Then I won't advise you to join any signal groups. Waste of money + not that really accurate. Well, that's my own experience. So, you can still try it yourself.

You're right! Trading signal groups work based on the creators' behalf, not yours! You should learn how to analyze the market by yourself so you can have the ability to double-check any signals given. Despite the fact that sometimes trading signal groups actually help traders, there'll be a lot of time that they give out the signal for their own reasons, which can hurt traders! Therefore, don't completely rely on trading signal groups to trade!

[slapper]

If you find good signals, they can provide you a good amount of interest weekly. However, it is hard to find a good one, especially since there are too many people who claim themselves as traders. Be careful of everything you see on the internet. I used to follow many signals, not just about crypto but also forex. They are all dumbass. They never discuss their losing trade and always boast about their one-time winning trade.
My advice, try to learn trading by yourself. It is not as hard as you think. Knowledge can easy be obtained and many courses, as well as books, are free on the internet

[joniboini]

Don't do it. You're buying probabilities, and at the same time, you can't hold the signal giver liable for your loss. They'll always say what they provide is only analysis but your funds will always be at risk. Learn to trade on your own, spend time improving your skill, and be independent. It takes time and that's why not all people can make a lot of money from trading. There's no easy route here. If someone gives you a service like this, chances are they're just selling their so-called analysis with 50:50 probability or worse.

At the end of the day, the winner is the seller. They get monthly fees from you while your profits aren't guaranteed. Might as well spend your money on etf, real estate bonds or etc.

[Vitalicus]

If you find good signals, they can provide you a good amount of interest weekly. However, it is hard to find a good one, especially since there are too many people who claim themselves as traders. Be careful of everything you see on the internet. I used to follow many signals, not just about crypto but also forex. They are all dumbass. They never discuss their losing trade and always boast about their one-time winning trade.
My advice, try to learn trading by yourself. It is not as hard as you think. Knowledge can easy be obtained and many courses, as well as books, are free on the internet

So true!! Even though trading signals are sometime accurate. Most of 'em are wrong ones. There's nothing better than learning how to analyze the market by yourself. Especially in today world, internet provides a lot of free courses, books, videos.. Just put a little bit of work in studying, you'll no longer need to rely on signals.

[minairia3]

Im not confident with these trading signals, I found them not useful on terms on gaining trading experience. First of all these method can somehow let you gain profits, but in return you need to pay loads of cash for that. Question is, does the result guaranteed? Of course not right? So where is the advantage of users that will buy this. I am sure that they have a disclaimer about its risk and they will only help you find specific target to enter and exit but this is on your own risk. Crazy to think but you are just buying an inaccurate crystal ball machine.

[timmmers]

It work sometimes, even in cryptocurrencies there are some premium trading signals where they provide where or when to buy/sell.
It's kinda expensive, just be careful on subscribing on some, research first and make sure they are legit premium trading signals.
I already tried last time to subscribe to some and they using telegram to communicate with their subscribers.

Yeah, thats the problem premium signals cost up to 700USD per months, so if you don´t have more than 1 BTC reserved for trading, then signals are not for you. That doesn´t mean that you have to own 1 BTC for trading, but you need to look for something diffrent. 

[Ryker1]

Im not confident with these trading signals, I found them not useful on terms on gaining trading experience. First of all these method can somehow let you gain profits, but in return you need to pay loads of cash for that. Question is, does the result guaranteed? Of course not right? So where is the advantage of users that will buy this. I am sure that they have a disclaimer about its risk and they will only help you find specific target to enter and exit but this is on your own risk. Crazy to think but you are just buying an inaccurate crystal ball machine.

Well, we are on the same perception. This trading signal group leaders most commonly they will gain first over their members. Because they can manipulate the price and give late trading information to the members. In the cryptocurrency market, you could not simply predict unless if there are a pump and dump between the coins they will like to be hype. Indeed, the risk is always there so perhaps it is better to stay away on this kind of service because they are not correlative to forex trading.

[beerlover]

Well, you should have asked "has signal trading worked for cryptocurrencies" and not can, because it has been tried for over half a decade now, so it is not a knowledge that is secret and never tried before. It is actually the most common method of trading bitcoin nowadays, all people are looking for some signal to sell or buy bitcoins.

They are calling it TA and they are calling it chart reading, but whenever they do that they don't realize that people who give out signals use the same methods as well, so they are doing the signaling to themselves alone which is still signal to begin with. Hence it has been done, sometimes the signal is correct and you make a profit, sometimes it is wrong and you lose, it all depends on who did it and what you looked at to trade.

[thesmallgod]

I have not subscribed for a premium trading signal before because I can many people saying it is good but with the little experience I have about using trading signals provided from trading groups especially on telegram, it is not always good. It is just like a co-ordinated pump from various trading signal groups to pump and dump a particular token. Most time you are being used as bait.

[Oilacris]

Hello everyone. I have been so curious about this lately, can you buy signals to trade cryptocurrencies concerning the volatility and how it moves. There are lot of forex signals out there that you buy and make a lot of money from but i dont believe it works for cryptocurrencies.

I need your opinion people

50-50% chances yet there are only two outcomes on which an analysis would go through either it do profit or it do blown up your trading account.Therefore, you can say about
half chances.I dont even believe that those signals given on forex are even more better than crypto and knowing this traditional market is prone to manipulation too which
you cant even tell on where it would go on next hour,day,week.

So, its better to make your own analysis and wont really depend on any paid signals out there since those people are just speculators too.

[chaser15]

Hello everyone. I have been so curious about this lately, can you buy signals to trade cryptocurrencies concerning the volatility and how it moves. There are lot of forex signals out there that you buy and make a lot of money from but i dont believe it works for cryptocurrencies.

I need your opinion people

Buy signals? Definitely a wrong move. You are correct, it doesn't work for crypto. That's how volatile it is.

Most crypto signals you will see are on other altcoins making it riskier to ride.

No choice but to depend on your own strategy especially if you are eyeing for bitcoin profits. You really need to spend time learning and reading trading stuffs at any references that you will see on the web. While analyzing, you can simply do the HODL in the meantime. It always works most of the time.

[hassancisse]

Hello everyone. I have been so curious about this lately, can you buy signals to trade cryptocurrencies concerning the volatility and how it moves. There are lot of forex signals out there that you buy and make a lot of money from but i dont believe it works for cryptocurrencies.

I need your opinion people

Buy signals? Definitely a wrong move. You are correct, it doesn't work for crypto. That's how volatile it is.

Most crypto signals you will see are on other altcoins making it riskier to ride.

No choice but to depend on your own strategy especially if you are eyeing for bitcoin profits. You really need to spend time learning and reading trading stuffs at any references that you will see on the web. While analyzing, you can simply do the HODL in the meantime. It always works most of the time.

This is the good thing about cryptocurrency its either you HODL or you day trade it but the issue i have now is now knowing when i am holding on for too long or if i am selling early because that is the issue when it comes to cryptos.

[The Cryptovator]

First thing I will discourage anyone who are willing to buy trading signal especially for cryptocurrency trading. Because even their few signal become true but eventually you will regret from their signal when you will lose funds on a trading. What I had heard, most of people lost funds by buying signal and now they are trading themselves. Just imagine, if someone could give you perfect signal then they could make million dollars by trade themselves instead of sell their signal just for few dollar. So better avoid such as paid signal and learn as much as you can. Trade with patience and likely you will gainer than paid signal.

[Haneefah]

Buying signals for trading is not advisable for both forex and cryptocurrencies. When you analyze you will know the direction of the market and know where the market is going to