Can Signal Trading work for Cryptocurrencies

[realinks]

I think it would work. It is charts we are reading for both forex and cryptocurrency. There a lot of similarities between both of them. so likely going to work but i haven’t seen though

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[Renampun]

I think it's a little not working...
trading signals for cryptocurrencies that I had participated in in 2018 and collected a fee of $ 90 / member, I joined but I feel the accuracy is only 65%. I suffered a number of losses, after several months, the admin of the group ran away. my advice is to research first before joining the cryptocurrency trading signal group.

[hassancisse]

I think it's a little not working...
trading signals for cryptocurrencies that I had participated in in 2018 and collected a fee of $ 90 / member, I joined but I feel the accuracy is only 65%. I suffered a number of losses, after several months, the admin of the group ran away. my advice is to research first before joining the cryptocurrency trading signal group.

There are lot of scammers that claim to be providing signals out there the issue is getting the legit ones

[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.

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. 

If the problem here is you have low trading capital and you can't afford the premium signal subscription fee.
You can invite some of your friends or people that you know and willing to do this thing. So, you and your invited friends will split the subscription fees for the premium signals.
But it is registered as 1 person in the premium signal. Either you combine your funds in 1 trading accounts and 1 person will operate the trading account and just split the balance if you guys decided to withdraw the funds.

[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.

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. 

If the problem here is you have low trading capital and you can't afford the premium signal subscription fee.
You can invite some of your friends or people that you know and willing to do this thing. So, you and your invited friends will split the subscription fees for the premium signals.
But it is registered as 1 person in the premium signal. Either you combine your funds in 1 trading accounts and 1 person will operate the trading account and just split the balance if you guys decided to withdraw the funds.

This is a good idea joint work has to come in place when you dont have enough capital to buy the signals and also trade. Only if you can get a legit signal provider and you know someone that has been winning trades consistently with the person

[roman100]

Crypto trading signals are trading ideas or trade suggestions to buy or sell a particular coin at a certain price and time. These crypto trade signals are generated either manually by a professional trader, or by trading algorithms and bots that send the trade signals automatically. The most popular method of getting them is on Telegram.

[maydna]

Rather than to buy premium signal trading, you better to analyze by yourself because that will be your advantage that you can get from trading. You can improve your skills by learning to analyze the market so you can get a better analysis to trade. Besides that, you will know how to pick the coin and when you can enter the market with your analysis.

But if you decide to buy premium signal trading, you only depend on those groups without having a chance to improve your skills, and you will not have better skills in trading. It is not wrong to use the signal trading from other people or some groups, but the important is you can analyze more to get more clue or sign on the coin, so you know the time to trade.

[Bright_dhykseen]

This is something I will never recommend.

The crypto market is too volatile and unstable for signals.

[roman100]

Crypto trading signals are trading ideas or trade suggestions to buy or sell a particular coin at a certain price and time. These crypto trade signals are generated either manually by a professional trader, or by trading algorithms and bots that send the trade signals automatically. cryptocurrency doesn't have to be difficult or risky. Investors simply need to have a plan before taking action and every responsible trader always does their own research before making an investment in any asset.

[Gozie51]

but i dont believe it works for cryptocurrencies.

I need your opinion people

What I think is it works just as it does for forex. You however should understand that forex has currency pairs and not  cryptocurrency. But same platform can work for both because some forex system have trade both fiat and cryptocurrency pair.

[Lizzylove1]

In 2017, I loss some decent money following signals. Made some money from a bot designed by one prof in my country, where he got into problem was when he asked investors to fixed their fund with him, due to the volatility of cryptocurrency he ran i to problem he couldn't pay interest again till date, so no one take his signal serious anymore.

[mnporter2001]

right. The crypto market is different from the forex market. It is two different markets and the news will have different influence. but if you talk about Indicators or Price action signals then I think it works for both markets. because the indicators are just telling the psychology of the trader and we can look at that and evaluate it.
But I realized there are similarities between the stock market and the crypto market. When any fluctuations occur in the political or economic field, the two markets are very volatile.

[mbahokey]

There are three types of analysis for forex or crypto trading
1. Technical analysis
Generally, trading signals are generated from technical indicators such as crossing MA, overbought/oversold points of the oscillator, support/resistance points etc.
2. Fundamental analysis
Based on news such as economic, social and political factors of a country that affect volatility and supply & demand on the market
3. sentiment analysis
Based on trader opinion

The three analysis above have different levels of accuracy for every pair on forex or crypto trading. If you believe with a signal, you have to combine the three analysis above as a correlation to get stronger signal

[mersal]

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

It exists in the crypto market as well but the chances of ending up in profitable is less compared to the forex you said because the volatility is extreme here.And also signal groups need lot of money for subscription which may not worth enough for the profits you are going to make with the such huge risks involved and also there are lot of fake bump and dump groups too exists here.

[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

It exists in the crypto market as well but the chances of ending up in profitable is less compared to the forex you said because the volatility is extreme here.And also signal groups need lot of money for subscription which may not worth enough for the profits you are going to make with the such huge risks involved and also there are lot of fake bump and dump groups too exists here.

Yea thats true there are lot of scammers claiming to give legit signals but when you pay you find out its not working. To even pick signals are difficult

[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

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.

To me i find signal taking very difficult because im following the directives of someone that analyzed it and i wasnt the one that analyzed so i dont know when to opt out at the right time or when it is going against me

[GelsoAM]

It works, well sometimes. There are decent Signal groups out there that is managed by expert traders. But of course, When you trade you must not always trust other's opinion at all times. Because how can you become independent if you rely on their signals? Make the signal something you do after making a speculation on the market just to double check your decision.

[Latviand]

I think it would work. It is charts we are reading for both forex and cryptocurrency. There a lot of similarities between both of them. so likely going to work but i haven’t seen though

It is somehow effective because this trading signal will make us more aware when to trade. Most of the traders are having difficulties when to trade or when is the right time to perform a trade. That's the common mistakes of those trader who doesn't use trading signals before the transactions. We should know and explore the importance of signal trading in the market, especially if you're a beginner.

Trading signals can minimize the risks, it can improve a trader's good decision making to become more effective and wise. It also guide traders on what are the proper ways of making profits in the market although the market situations are not that stable enough. We should know and explore the importance of signal trading in the market, especially if you're a beginner.

[Arkann]

I think it would work. It is charts we are reading for both forex and cryptocurrency. There a lot of similarities between both of them. so likely going to work but i haven’t seen though

It is somehow effective because this trading signal will make us more aware when to trade. Most of the traders are having difficulties when to trade or when is the right time to perform a trade. That's the common mistakes of those trader who doesn't use trading signals before the transactions. We should know and explore the importance of signal trading in the market, especially if you're a beginner.

Trading signals can minimize the risks, it can improve a trader's good decision making to become more effective and wise. It also guide traders on what are the proper ways of making profits in the market although the market situations are not that stable enough. We should know and explore the importance of signal trading in the market, especially if you're a beginner.

Undoubtedly, there are trading signals that are available only to the elite, as well as those who have the opportunity to pay good money for specific information. But even if a trader can afford to take a chance and raise a certain amount of funds in order to use the Premium Signal for traders, then Where is the guarantee that I will ensure that this information is reliable. It seems to me that it is easier for the trader to learn how to analyze the market than to look for a really good source of Signals.

[Kasabus]

It works, well sometimes. There are decent Signal groups out there that is managed by expert traders. But of course, When you trade you must not always trust other's opinion at all times. Because how can you become independent if you rely on their signals? Make the signal something you do after making a speculation on the market just to double check your decision.

For me, i don't prefer using signals even from the start because we can still make our trading successful with our own efforts. Trading with paid signals may be less risky but it won't make you a good trader in the making if you completely depend on it. Study on your own and with experiences you will gain, it will make you a better trader eventually.