beginner trader: Are trading signals and bots worth it?

[darewaller]

I think trading as a newbie should be very important first and try to study trading very well because newbie traders always trade wrong and they always try to make a profit. The biggest problem is here. When they open multiple trades without realizing trading in the hope of making huge profits they lose the most in those trades. beginner trader make more mistakes such as trying to start trading with a signal from someone else without predicting themselves.

As a starter, there is no shame in looking at groups and channels for some tips and signals but over time we must learn to analyze the market ourselves and predict the movement roughly. But, unfortunately people even after gaining experience in trading still prefer to make use of bots and signals which must be shameful act in my opinion.

Because, they refuse to make useful technical analysis or refusing to develop those skills which are helping to do technical analysis. Overall, if you are newbie then you are good to go with bots and buying signals from others.

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[milewilda]

In order for crypto signals to work, you must understand one thing. Crypto signals give you information that, with some degree of probability, may or may not come true. Most often, it comes true, but often it does not come true. That is, for 100% of signals, the bottom of which will be only 60% positive. But which of these 60% are the same signals you will not know, therefore, in order to make money on crypto signals, you will need to make the widest possible coverage, that is, try to use all the information that you are given to enter each signal.

Has it really works on you mate? Coz I was in the doubts and never have the interest to try this kind of services. Maybe, if there is someone who could confirm that is legit, that is possible that it gains some attention but seeing there are only a few tells that, it finds to be just a trick. Or maybe they don't know how to use this or are new to trading.

But as you have said, it finds a lot of works needed to do which makes new traders aren't able to cope up. And if this is true, I'm for sure it never gives interest to traders as they like an easy way as possible.

It all depends on the quality of the service. There are experienced traders who give 20% of signals for free to attract people, and the rest with a paid subscription. Here on these 20% you can check whether they work or not. In this case, it is not even necessary to deposit your own money, you simply take a signal and write down the purchase and the amount of money spent on paper. And look for a month or two whether it works or not.

All matters with trial and error and if you are really eager to test out if those things works or not then its your choice but most of the time they arent and i dont see for it to be worth
since you can basically make your own analysis which you can follow on. Trading signals out come from other people are total shit or arent useful this is why its up to you
if you do tend to check out if there are some parts which could be useful on your part or simply just ignore because its not really relevant at all. Trading signals is
flooding out in the market and its not that bad idea to check out those free ones and i dont also suggest about paid subscription or some sort.

[Webetcoins]

trade yourself because others cannot carry for you long.

I agree with this point. If we are depending on others for profitable trading, then we cannot be sure about smooth sailing for our life long as those "others " may become busier at any time. So, learning and developing skills is inevitable.

If you want to be a stable and solid trader then all these groups, signals and tips will never help you.

Yeah, consistency is something which may be possible only when we do all our responsibilities perfectly by our own. Signals and tips may help only at some level and then we need to be into a level where we will be able to generate signal and trade by ourselves.

[Woodie]

What a price action trader will always tell you about Signals and bots is that they are as good as they person that gave them and when it comes to bots these trade on certain conditions like moving averages crossing each other  for example and this whole process means late entries which should have been anticipated by a price action trader.

But if am to be frank with you for some bots work maybe because they don't hold trades for long or trade with smaller lots but its better to learn how to trade using little to no indicators.

[TheUltraElite]

As far as bots concerned I don't use them I kinda don't trust them for some reason.

You can trust a bot that you develop yourself. The usefullness of the bot is that it can run a trading strategy without you having to be awake all day since crypto trading happens 24x7 everyday compared to stock markets which run for limited hours every day.

But there are some malware filled bots in the internet and darknet which you should be careful of.

However everyone is not a developer and for them the Gunbot which is developed by a member of this forum Gunthar and endorsed by many well known users, is a good tool.

trading signals you can get on the telegram channel for free, or go to the trading view because there are many great traders who share analysis,

Those free telegram signals look pretty and they always force you to go for the membership which is also a scam but one you cant legally counter. An average trader would actually be willing to pay for that and therefore should get this in their head that they are bring scammed.

[xSkylarx]

You can't just trust those trading signals you can find on discord, telegram, or any sort of social messaging app. Most often if it is a spot signal, they already bought that particular crypto before they announce that it is going to pump. Once it pumps enough, they will sell their holdings leaving their followers at loss. Even if it is a paid signal I don't suggest buying their service because I've tried it once but only end up a bagholder of their spot calls. If they have leveraged trading signals, accept the risk of losing money from it because their calls doesn't get the way they want. Don't forget to set a stoploss to prevent your capital from being liquidated.

As for trading bots, I didn't tried this before but I think it can only be profitable to use if you are a whale.

[sumant]

No we can not trust any trading signals or bots because they are not boss of the project that this will definitely will go up. Signals coming on telegram or any social media channels are made by a person or community. If a person knows that this project will go up then he can make money through his formula what is the need of making an payment signal channels. I don't realize on these signals or bots. In last please use our experience and then invest in any coin

[Kong Hey Pakboy]

Bots if they are used correctly can help you trade conveniently because you will not be actively managing your funds since you are using a bot that automatically does the orders and stop loss, it looks easy but you have to know how to tweak so you can use the bot's full performance and to your liking.

In a bull market, all these trading bots almost always show a profit. But in the bull market, not only bots work with profit, but also beginners who have not yet gained enough knowledge about trading. The problems start when the market changes to bearish and because the bots can't trade short, they start working at a loss.

That's why I said that you should know how to tweak the bot or have some technical prowess to adjust the bot so no matter if come hell or high water the market is, you can still make money out of the bots that you are using.

[mamahdedeh]

Bots if they are used correctly can help you trade conveniently because you will not be actively managing your funds since you are using a bot that automatically does the orders and stop loss, it looks easy but you have to know how to tweak so you can use the bot's full performance and to your liking.

In a bull market, all these trading bots almost always show a profit. But in the bull market, not only bots work with profit, but also beginners who have not yet gained enough knowledge about trading. The problems start when the market changes to bearish and because the bots can't trade short, they start working at a loss.

That's why I said that you should know how to tweak the bot or have some technical prowess to adjust the bot so no matter if come hell or high water the market is, you can still make money out of the bots that you are using.

right, we should know when is the right time for bots to work. so don't let us leave it entirely to the bots, because of course bots have a weak point, so they don't work at certain times. but besides all that, I think manual trading is much better to survive in the market

[gabbie2010]

No we can not trust any trading signals or bots because they are not boss of the project that this will definitely will go up. Signals coming on telegram or any social media channels are made by a person or community. If a person knows that this project will go up then he can make money through his formula what is the need of making an payment signal channels. I don't realize on these signals or bots. In last please use our experience and then invest in any coin

With some little knowledge in trading the OP will know when to follow a trading call by a signal provider or not thus avoid trading blindly, if care is not taken some telegram signals can rekt a newbie account, I always subscribe to the notion which advises newbies to endure and learn how to trade even if takes a long period to achieve it, because you can't continue to rely on paid or free signals they fails and most of them earns money from their subscribers.

[kapalmabur]

Bots if they are used correctly can help you trade conveniently because you will not be actively managing your funds since you are using a bot that automatically does the orders and stop loss, it looks easy but you have to know how to tweak so you can use the bot's full performance and to your liking.

In a bull market, all these trading bots almost always show a profit. But in the bull market, not only bots work with profit, but also beginners who have not yet gained enough knowledge about trading. The problems start when the market changes to bearish and because the bots can't trade short, they start working at a loss.

That's why I said that you should know how to tweak the bot or have some technical prowess to adjust the bot so no matter if come hell or high water the market is, you can still make money out of the bots that you are using.

right, we should know when is the right time for bots to work. so don't let us leave it entirely to the bots, because of course bots have a weak point, so they don't work at certain times. but besides all that, I think manual trading is much better to survive in the market

sometimes we really have to need Bots and trading signals,
you can use both of these for free and don't have to pay, so don't worry about money,
just search for free google bots and on telegram free signals, hope it's useful

[PETER18]

hello if you wanted to know how to trade you can watch at youtubes it was really helpful as of my experience as of now  i am trading at binance at first it was really hard but for now its ok i suggest that you should look for an investor because having a huge foundation really helps you to earn greater. so look for an investor and look for a coin that is good to trade check its market cao trading volume as well as the history of the coin because you can check if it will pump or dump through this..traading is better than gambling,trade at your own risk

[boumalo]

I think getting your own experience and improving your skills in money management, technical and crafting a strategy is the base.

You have to know that having a long term positive expectation at day trading (aka at gambling/speculation) is extremely difficult. Good luck though.

[william_mathews]

Of course, they’re worth it!

Crypto bots are meant to help you automate your trading. You can concentrate on other works and let the bots trade for you. The bots minimize the risks involved in trading.

Trading signals help you make good trading decisions. You can reduce your mistakes and change the trading patterns greatly.

Instead of buying premium signals and a crypto bot separately, you can get a bot accompanied by trading signals.

You would be spending less money this way.

Besides, you need little technical knowledge to operate the bots.

[feelideb]

Trade signal service and bot are usually effective during bull market provided that such services is legit to start with! I have used bots and trade signals from telegram before and I realise that my own strategy and my bot worked better and made more money for me more than these commercialize ones!bIf you can create your own bot, it will be better!

[Zilon]

Bots and signals aren't really how it's been projected out there most of them are scan projects with different enticing return on investment which after been committed for a while abscond with investors funds with any trace whatsoever. I suggest you take your time to learn what it takes to trade for your self no matter how long this would take I think it would be more preferred and also help you account for your deposits.

[BlackFor3st]

Trading signals? I think it depends on the one giving trading signals though some of them are not 100% accurate they give good information why their signals were like that. In regards with the bots some of the bots were good since they are looking at technical analysis of a certain coin though just like signals they are not 100% accurate but the accuracy is high.

This is all based from personal experience of mine.