beginner trader: Are trading signals and bots worth it?

[traderdyl]

Hi All,

I am a long-time advocate of cryptocurrency (mined my first bitcoins back in 2010!) but I have only ever worked/developed websites for customers for crypto and never traded. so I am a complete beginner when it comes to trading for profit but I would love to try my hand at it.

So recently (about a month) a friend introduced me to telegram Crypto Trade Signal Groups and said a few made him a ton of money (although I have never seen that proof). So I sign up for the VIP package of these signal groups. sets me back about $100 altogether and then I subscribe to the suggested Cornix bot which automatically trades on the signals these channels send. This was quite promising for me and I felt quite excited. Now a month has gone by... my portfolio has had a 2% increase and I'm now being asked to re-subscribe to Cornix and the signal groups.

So my question is really, Are they ever actually worth it? has anyone ever made much profit from these "premium" signals other than the people that run them? or could it be how I have the Cornix bot set up?

I have followed some guides but I wonder whether I should try and commit the time to learn to trade manually without the use of Bots? It's just a nice idea to have passive income while I am at work and asleep.

Appreciate any response and always happy to receive any educational material you think would be useful for me.

edit: money <> crypto

[boyptc]

Quick answer for trading signals: NO

Honestly, I'm interested to know what happened to the first bitcoins that you've mined then on that year? if this is a real story, you don't have to mind about trading if you still managed to hold it.

But since you're asking about trading, I guess you've spent most of it already.

A bot is helpful if you know how to manage it as it automates your strategy but it doesn't mean you'll also get automatic profit from it. But I haven't heard that one you mentioned.

[traderdyl]

Quick answer for trading signals: NO

Honestly, I'm interested to know what happened to the first bitcoins that you've mined then on that year? if this is a real story, you don't have to mind about trading if you still managed to hold it.

But since you're asking about trading, I guess you've spent most of it already.

A bot is helpful if you know how to manage it as it automates your strategy but it doesn't mean you'll also get automatic profit from it. But I haven't heard that one you mentioned.

I appreciate the quick and honest answer. I think I will leave it in that case.

Actually accumulated over 2000 BTC back when... sold it for what it was worth at the time (under 1$) as I needed to pay my rent. never did HODL, the biggest mistake of my life, and still makes me sick to think about it.

[Innerpumper]

Using bots is the right choice when having a lot of busyness, If having free time learning to get signals manually is the best thing, we will get it a lot of knowledge by learning technical analysis, learning some very helpful indicators, it's a lot of great.

[carlfebz2]

Actually accumulated over 2000 BTC back when... sold it for what it was worth at the time (under 1$) as I needed to pay my rent. never did HODL, the biggest mistake of my life, and still makes me sick to think about it.

Well, it sucks to hear it up mate but we cant really go back into the past on stopping those decisions.Even myself did sell out some bitcoin on earlier times.I never intended to make

hold in the future because i do actively try to sell out as long i could able to get some profits and thats my priority but those situations also really pisses me off.

Missing chances or opportunities are commo and only to those who do able to held up are the ones who had make out some serious profits on here.

On the question if trading signals are worth? No, they arent. Bots are for automation not for generating money.

[Scripture]

Using bots is the right choice when having a lot of busyness, If having free time learning to get signals manually is the best thing, we will get it a lot of knowledge by learning technical analysis, learning some very helpful indicators, it's a lot of great.

If you’re greedy enough and want to trade even if you have a limited knowledge about trading, then BOT can be a good solution you just need to use the default settings but you should understand that BOT is not guaranteed at all and you can still lose all your money. I don’t trust any trading signal, you still need to confirm it and its too risky for a newbie if they just follow it without analyzing on their own. Trading is hard, don’t make it harder on doing so without the proper information, you have to learn how trading works in order to succeed.

[cryptolord2077]

If we talk about trading bots, then they only make sense if your own speed on the exchange is not enough for you. Thus, the trading bot will be able to neutralize the human factor during the execution of transactions so that you do not suffer from lightning spills in the order books. However, if you are looking for a bot that will bring constant profit through automatic trading itself, then most likely you will not find a job like that.

[Quidat]

For bots then its useful if you are a type of trader who dont usually go in front of their pc and make out automated trades with that basing on what you had set on.
This simply means that you would really be needing knowledge on operating such stuff or else then you would just mess out your trading which i can say that
bots are optional or does depend on what you do need or according on your preference.

For trading signals then these are things which i cant trust because i'd rather trust up my own analysis rather than trusting on others.

[traderdyl]

Thanks all for your answers. It's common sense really but it is refreshing to hear it.

I agree with Scripture. My mate sold it to me on the premise its easy passive income, but I think I will halt the bots and actually learn myself, once I get to grips with how it works then if I need a bot at least I will know what I want it to do... half the configuration of the bots currently just goes over my head.

[logfiles]

Only 2% and yet you subscribed for a month?  Heck, I made more than 2% within a day in the recent XRP pump  in spot trading minus any signal or bot

The point is most signals are fake/scam. As for the bot, I have never heard about it. There are a few legit bots vouched by so many reputable people, but the fact is you need to have some knowledge of the kind of strategy you would like to use and you also need to know how to input the strategy into the bot, otherwise if it was that easy, we would be having so many millionaire bot users, wouldn't we?

[Luqman]

If you are a beginner that uses small funds only, you absolutely don't need a trading signal group premium. The signal group premium is for people who use a quite big amount of funds and they just use it to ensure what they will do for their crypto assets. I can say is useful but not guarantee you to be successful in trading. Anyway, since you are still a beginner, you are better to learn how to know the signals yourself. It will be much helpful for your trading future, trust me.  

[Wexnident]

RUN AWAY. Well, that's always the first thing I think of when someone offers me trading signals, but hey, it's actually up to you but honestly, trading is based on your own strategy, so if that's your own strategy then feel free to do so. Trading is just based on your own understanding of the market after all, but you're using bots so not really something you can learn from I suppose. Both short and long-term, trading signals are just ways to suck up your money, it's like subscriptions in Youtube/Netflix etc., except the latter makes you happy, the former? Not so much.

I agree with Scripture. My mate sold it to me on the premise its easy passive income, but I think I will halt the bots and actually learn myself, once I get to grips with how it works then if I need a bot at least I will know what I want it to do... half the configuration of the bots currently just goes over my head.

to avoid it.
Bots are okay to use I think, though if you're paying for them I don't think it's worth it? I'm pretty sure you can get a bot (or configure one) yourself after a few months of studying it. Bots are just automating your strategy so I see no need to actually avoid them. If you can do your trades yourself then that's better, but if not, then bots are still an option.

[zanezane]

If they are free and you know that there is no strings attached then you might as well go for it, I mean if you want to have a more convenient time doing trading then have a bot do the hard work for you, signals though that would be another story because a lot of these groups that "provides" signal aren't really doing anything and most of the time they are the only one profiting from it.

[tbct_mt2]

Trading is hard and it is a big challenge for people who don't have patience and react from emotions. They are losers on the market if they trade every day.

Holding or hodling can be good for all people as the importance to get success and profit is do your investigation and choose a good cryptocurrency to invest, hold and take profit. Bull market is an ideal market for holders.

Traders who are impatient will give up their plans and buy crypto when they FOMO and it will kill them. They will be kill if they open leverage trading positions with high leverage.

Trading signals, forget your success or fortune which can be easily gotten by dependence on others.

[Strongkored]

Actually accumulated over 2000 BTC back when... sold it for what it was worth at the time (under 1$) as I needed to pay my rent. never did HODL, the biggest mistake of my life, and still makes me sick to think about it.

I was curious about how you could sell your BTC, because it was not like now you can use exchanges and there are many choices.

What is often wrong in traders' thinking is the paid signal or even free signal and using a bot is a guarantee of getting a profit, if you have to buy a license for the bot and you don't understand how to set up a bot then the bot will not run properly and you wasting money to buy the license. Sometimes using bots is more complicated than manual trading, so in my opinion, paid signals and bots are not really worth it

[TheUltraElite]

The signals groups feed on your cash and thus run a shady scam.

I dont know how much your trust your "friend" - but this is not the first time I hear someone join a signals group due to their friend's suggestions and then forced to get into their "paid" segment.

Being honest, trading needs knowledge and skills that only a trader can learn by their own efforts not by copying others. Besides how can you trust someone else with your money in this sector where nobody is willing to show their real faces?

But this is how these signals groups make money. They sell memberships - but there is no proof or so to make it sure that buying a membership means you will profit. These groups are also the source of coordinated pump and dump schemes.

Like others have said here, the short answer is No. If you want to trade, learn it yourself. If you want to make a bot, develop it yourself. Never trust others to do this for you even if you pay them.

[pooya87]

Think about it yourself, why would any expert who can spend their time making good profit from trading waste that time creating trading signals every day or every hour to let others know what to do?
The reality is that those newbies who can't make profit from trading start selling signals to other newbies so that they can make money from that instead of trading themselves!

Actually accumulated over 2000 BTC back when... sold it for what it was worth at the time (under 1$) as I needed to pay my rent. never did HODL, the biggest mistake of my life, and still makes me sick to think about it.

Selling bitcoin is not a mistake, selling all the bitcoin you have is.

[boyptc]

Quick answer for trading signals: NO

Honestly, I'm interested to know what happened to the first bitcoins that you've mined then on that year? if this is a real story, you don't have to mind about trading if you still managed to hold it.

But since you're asking about trading, I guess you've spent most of it already.

A bot is helpful if you know how to manage it as it automates your strategy but it doesn't mean you'll also get automatic profit from it. But I haven't heard that one you mentioned.

I appreciate the quick and honest answer. I think I will leave it in that case.

Actually accumulated over 2000 BTC back when... sold it for what it was worth at the time (under 1$) as I needed to pay my rent. never did HODL, the biggest mistake of my life, and still makes me sick to think about it.

Ouch.

I was even thinking of those few btcs that I've sold a few years ago and they're not even a lot and I'm feeling bad to myself. But well, you're much more in what I feel.

Thanks for sharing btw.

[acener]

If you want to learn trading then I would say No to signal group,
For me trading signal are for those who are lazy to study the market or trading so if you plan to learn how to trade properly then I suggest to take your time studying it.

[AicecreaME]

I don't have any idea about trading bots so I'll give my opinion on trading signals. Trading signal is good as long as you know who you're copying. Traders who provides such service should have a trial signal for assurance of course, and then after that, the subscription will come next, just to be fair. But you should put in your mind that not all of the signals are always gonna bring you early Christmas, sometimes it's heartbreak, but that's normal in Trading.

You'll not be a good professional trader without losing any penny on it. If you really wanted to take trading as your profession, then don't stop learning and trying.

[conected]

If you want to learn trading then I would say No to signal group,
For me trading signal are for those who are lazy to study the market or trading so if you plan to learn how to trade properly then I suggest to take your time studying it.

- Sorry but you have a pretty negative view on signal groups, if you talk about not participating in bots, I would fairly agree when their performance is usually very low and goes bankrupt soon but for signal groups, some have a very neutral stance and analysis is relatively stable about the crypto market, they don't need a support, you just need to follow them and they're satisfied enough for everyone to share the experience. The new trader should be more concerned about this idea, you are just a lazy when you work on the judgment of others, here you are the diligent person to understand more about signals and how to set up trading

[The Cryptovator]

If a beginner thinks that he can make money from trading at the beginning, then most likely it's a wrong thought. I know perhaps a few newbies luckily making a profit at the beginning, but it's not countable since the amount is very less. Trading isn't easy that you are thinking. I don't believe and not familiar with the bots. But quite familiar with so-called trading signal groups. I don't know why propels need to sell their trading signals where they could make profits by themselves. But I am assuming the signal providers give signals after they bought coins. When they give a signal to the group, ultimately coin starts pump since many traders believe in their signals and start buying. As a result earlier buyers and signal providers get profit. But who bought later, most of them losing money. I believe that's how trading signals work. So you should decide on how and why should you believe in signal groups.

[leslie_777]

Hi All,

I am a long-time advocate of cryptocurrency (mined my first bitcoins back in 2010!) but I have only ever worked/developed websites for customers for crypto and never traded. so I am a complete beginner when it comes to trading for profit but I would love to try my hand at it.

So recently (about a month) a friend introduced me to telegram Crypto Trade Signal Groups and said a few made him a ton of money (although I have never seen that proof). So I sign up for the VIP package of these signal groups. sets me back about $100 altogether and then I subscribe to the suggested Cornix bot which automatically trades on the signals these channels send. This was quite promising for me and I felt quite excited. Now a month has gone by... my portfolio has had a 2% increase and I'm now being asked to re-subscribe to Cornix and the signal groups.

So my question is really, Are they ever actually worth it? has anyone ever made much profit from these "premium" signals other than the people that run them? or could it be how I have the Cornix bot set up?

I have followed some guides but I wonder whether I should try and commit the time to learn to trade manually without the use of Bots? It's just a nice idea to have passive income while I am at work and asleep.

Appreciate any response and always happy to receive any educational material you think would be useful for me.

edit: money <> crypto

1 month get 2% increase only ?

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[RealMalatesta]

I have followed some guides but I wonder whether I should try and commit the time to learn to trade manually without the use of Bots? It's just a nice idea to have passive income while I am at work and asleep.

Because, bots are just pre-programmed codes which will react as per only pre-evaluated situations but markets are known for bringing all new situations everyday hence the chances for getting failed for a bot is more than 100%. But, learning technical analysis will get get you basic idea to withstand all kind of market situations; learning and generating own signals is really necessary one.

I am assuming the signal providers give signals after they bought coins. When they give a signal to the group, ultimately coin starts pump since many traders believe in their signals and start buying. As a result earlier buyers and signal providers get profit. But who bought later, most of them losing money. I believe that's how trading signals work.

Yeah possible and must be happening in most paid signal providers as well. They are just baiting others money for their own benefits. When I am good at generating signal why should I spend all my time to convince others to subscribe my services; because, my subscribers are late buyers to help me to reach my target levels . Really unethical practice in all means.

[Reid]

Actually accumulated over 2000 BTC back when... sold it for what it was worth at the time (under 1$) as I needed to pay my rent. never did HODL, the biggest mistake of my life, and still makes me sick to think about it.

There are worst-case than what you experienced. Remember that so you won't feel any guilt or regret.
Besides, you need that money and it gave you a place to sleep and stay out of any bad weather. That's still worth it, right?

Trading signals. I won't say "no" like never. Use it but don't extend the usage where they want you to pay for the next signal.
Leave them and find a new one with free services.  Trust me, they will abuse you once you paid them, better do it to them first.

[Sinjokubhi]

Using bots is the right choice when having a lot of busyness, If having free time learning to get signals manually is the best thing, we will get it a lot of knowledge by learning technical analysis, learning some very helpful indicators, it's a lot of great.

If you’re greedy enough and want to trade even if you have a limited knowledge about trading, then BOT can be a good solution you just need to use the default settings but you should understand that BOT is not guaranteed at all and you can still lose all your money. I don’t trust any trading signal, you still need to confirm it and its too risky for a newbie if they just follow it without analyzing on their own. Trading is hard, don’t make it harder on doing so without the proper information, you have to learn how trading works in order to succeed.

Yeah, I think so too, we can't trade only by relying on BOT and even VIP subscription. Because, Bots are used to optimize the way of your trading. Not for profit automatically. Maybe you mean, you trade and entrust your assets to other people? If this is the case, you will never know where the funds in your assets were being fled or traded to. Since all you are doing is subscribing, and waiting for automatic earnings, it is actually not recommended if you want to become a trader, because the knowledge and experience you get yourself from starting trading is very necessary.

Both past and present experiences will be very useful for you to run your own assets. Learning manually is necessary, because you will know how to be able to generate profits yourself, and in subscribing you will know where your assets will be used or where to go. Because, if you ask about the development of your assets, they will surely answer with a promising answer, even though it is not necessarily true and knowing how the trade works, it can reduce your own risk, for example you can choose a good broker to trust. Don't always stick to something automatic, it will make it difficult for you in the future, to avoid the trouble or risk from happening, it would be better if you start learning how to trade manually from now on. Because the basics are important!

[Questat]

I don't have any idea about trading bots so I'll give my opinion on trading signals. Trading signal is good as long as you know who you're copying. Traders who provides such service should have a trial signal for assurance of course, and then after that, the subscription will come next, just to be fair. But you should put in your mind that not all of the signals are always gonna bring you early Christmas, sometimes it's heartbreak, but that's normal in Trading.

You'll not be a good professional trader without losing any penny on it. If you really wanted to take trading as your profession, then don't stop learning and trying.

We need to lose some pennies just to realize that we are wrong in using them. Maybe that works but can't stop people from thinking about using bots could help them and make them easier while gaining a good profit. How is that possible? But unfortunately, it was not how trading using Bots will works. If you don't have knowledge of trading, you can never expect that bots will work for you. Because they are still dependent on us, we do the command and bits will the rest, if we send them a wrong message, definitely, they'll be wrong as well. Before investing in these bots, make an investment first to ourselves and that to learn more.

[JooBra]

I don't have any idea about trading bots so I'll give my opinion on trading signals. Trading signal is good as long as you know who you're copying. Traders who provides such service should have a trial signal for assurance of course, and then after that, the subscription will come next, just to be fair. But you should put in your mind that not all of the signals are always gonna bring you early Christmas, sometimes it's heartbreak, but that's normal in Trading.

You'll not be a good professional trader without losing any penny on it. If you really wanted to take trading as your profession, then don't stop learning and trying.

We need to lose some pennies just to realize that we are wrong in using them. Maybe that works but can't stop people from thinking about using bots could help them and make them easier while gaining a good profit. How is that possible? But unfortunately, it was not how trading using Bots will works. If you don't have knowledge of trading, you can never expect that bots will work for you. Because they are still dependent on us, we do the command and bits will the rest, if we send them a wrong message, definitely, they'll be wrong as well. Before investing in these bots, make an investment first to ourselves and that to learn more.

Best way to learn is to lose money. It's like that from the start and it will be for long time. Nothing can help you in trading unless you put the time to learn all the stuff that you need to have a chance to be profitable.

[Quidat]

I don't have any idea about trading bots so I'll give my opinion on trading signals. Trading signal is good as long as you know who you're copying. Traders who provides such service should have a trial signal for assurance of course, and then after that, the subscription will come next, just to be fair. But you should put in your mind that not all of the signals are always gonna bring you early Christmas, sometimes it's heartbreak, but that's normal in Trading.

You'll not be a good professional trader without losing any penny on it. If you really wanted to take trading as your profession, then don't stop learning and trying.

We need to lose some pennies just to realize that we are wrong in using them. Maybe that works but can't stop people from thinking about using bots could help them and make them easier while gaining a good profit. How is that possible? But unfortunately, it was not how trading using Bots will works. If you don't have knowledge of trading, you can never expect that bots will work for you. Because they are still dependent on us, we do the command and bits will the rest, if we send them a wrong message, definitely, they'll be wrong as well. Before investing in these bots, make an investment first to ourselves and that to learn more.

Best way to learn is to lose money. It's like that from the start and it will be for long time. Nothing can help you in trading unless you put the time to learn all the stuff that you need to have a chance to be profitable.

Not necessarily to lose money because you can really able to less the risk for that thing to happen but well you do really got a point is that you wouldnt learn if you wont
experience such scenarios yet losing is inevitable with this market.Therefore, you should really learn up out of those mistakes and this is the only way you can really
progress forward and able to make things according to your own preference without relying on any signals nor even with bots but actually bots could really be beneficial
if you do know on how to make use of it but something in talks of relying? then its not how its should really be used.

[Hypnosis00]

No matter what you do OP, it is somewhat the minds of the majority are close to this. It has only a few chances that you can get traders to use bots rather than doing it by themselves. I actually am preferred of doing it manually, coz I know that Bots are just relying on us.

One way to become a successful trader is by having ENOUGH knowledge and skills. If we are going to enhance our knowledge and skills, therefore, we have to expose ourselves to actual trading and by doing it by ourselves. What bots can do is making us lazy and helps us not to improve our skills.

[AmoreJaz]

Quick answer for trading signals: NO

Honestly, I'm interested to know what happened to the first bitcoins that you've mined then on that year? if this is a real story, you don't have to mind about trading if you still managed to hold it.

But since you're asking about trading, I guess you've spent most of it already.

A bot is helpful if you know how to manage it as it automates your strategy but it doesn't mean you'll also get automatic profit from it. But I haven't heard that one you mentioned.

I appreciate the quick and honest answer. I think I will leave it in that case.

Actually accumulated over 2000 BTC back when... sold it for what it was worth at the time (under 1$) as I needed to pay my rent. never did HODL, the biggest mistake of my life, and still makes me sick to think about it.

but at that time you needed money. so all worth it to use your bitcoin. nobody knew that it will be this big today. if btc stays the same as the price before, i dont think you will regret of selling at the time of your need.
and with regard to your question, dont trust these signal groups even the premium ones where you need to pay upfront. they are just the ones taking advantage of gullible users.
since you are not considered a beginner as at one point, you traded your btc to fiat, it will be the same with other alts. start small and learn other tricks. dont rely on bots as it is not sustainable. better learn on your own as no one can get it away from you.

[Ridwan Fauzi]

Trading signal and bot trading is worth but just for a while. You will be saturated to depend on them and finally you will trade by your self because you think that you have understood about trading work. But, I just tell you that the situation is really bad for you, you just made an entry based on your feeling and your experience not by data and analyst.

So, I suggest you to focus on learning about trading strategy first. Don't try directly to trade before you have your own strategy. Build your trading plan or trading system first then you are allowed to trade. At that situation although you loss your money you will know what you have to do. There are so many source that you can read freely or you can spend money to buy some trading books and it is really worth.

[Fredomago]

No matter what you do OP, it is somewhat the minds of the majority are close to this. It has only a few chances that you can get traders to use bots rather than doing it by themselves. I actually am preferred of doing it manually, coz I know that Bots are just relying on us.

One way to become a successful trader is by having ENOUGH knowledge and skills. If we are going to enhance our knowledge and skills, therefore, we have to expose ourselves to actual trading and by doing it by ourselves. What bots can do is making us lazy and helps us not to improve our skills.

Bot can help you in the manner that it lessen the time of your stay but likewise everything relied with the trader's knowledge and skills, without proper ideas bot will not work.

You got to established yourself from your chosen venue and allow yourself to acquired all the factors that influence the market, from here you'll be able to determine if you are capable of using bot to execute your strategy.

Keep enhancing your knowledge and make sure that you have an open mind to learn more, bot will follow once confidence inside you has been developed.

[dunfida]

No matter what you do OP, it is somewhat the minds of the majority are close to this. It has only a few chances that you can get traders to use bots rather than doing it by themselves. I actually am preferred of doing it manually, coz I know that Bots are just relying on us.

One way to become a successful trader is by having ENOUGH knowledge and skills. If we are going to enhance our knowledge and skills, therefore, we have to expose ourselves to actual trading and by doing it by ourselves. What bots can do is making us lazy and helps us not to improve our skills.

Bot can help you in the manner that it lessen the time of your stay but likewise everything relied with the trader's knowledge and skills, without proper ideas bot will not work.

You got to established yourself from your chosen venue and allow yourself to acquired all the factors that influence the market, from here you'll be able to determine if you are capable of using bot to execute your strategy.

Keep enhancing your knowledge and make sure that you have an open mind to learn more, bot will follow once confidence inside you has been developed.

Majority does have wrong views towards bots where most noobs believe that it can really make out profits without doing anything or simply relying with those pre-settings for them to use
but without realizing that it is just good for automating your trades and not the ones would be responsible for them to make profits for you.
Bots are tools and its up to someone on how they do utilize these tools for their own convenience.For follow trades then they arent really that
worth but if its something free then you can opt to look some valuable analysis that might be helpful for you.

[Traderbtcc]

I have never tried out a trading bot or paid signal group cause that's for people who are too lazy to learn how to analyse the market on their own,it doesn't make sense paying for a such group when your portfolio only went 2% up, instead of paying for it again why not learn about trading and become a good at it , instead of jumping from one paid signal group to the other honestly those paid signals groups are a total waste of time.

[BuNga_cute]

No matter what you do OP, it is somewhat the minds of the majority are close to this. It has only a few chances that you can get traders to use bots rather than doing it by themselves. I actually am preferred of doing it manually, coz I know that Bots are just relying on us.

One way to become a successful trader is by having ENOUGH knowledge and skills. If we are going to enhance our knowledge and skills, therefore, we have to expose ourselves to actual trading and by doing it by ourselves. What bots can do is making us lazy and helps us not to improve our skills.

Bot can help you in the manner that it lessen the time of your stay but likewise everything relied with the trader's knowledge and skills, without proper ideas bot will not work.

You got to established yourself from your chosen venue and allow yourself to acquired all the factors that influence the market, from here you'll be able to determine if you are capable of using bot to execute your strategy.

Keep enhancing your knowledge and make sure that you have an open mind to learn more, bot will follow once confidence inside you has been developed.

Majority does have wrong views towards bots where most noobs believe that it can really make out profits without doing anything or simply relying with those pre-settings for them to use
but without realizing that it is just good for automating your trades and not the ones would be responsible for them to make profits for you.
Bots are tools and its up to someone on how they do utilize these tools for their own convenience.For follow trades then they arent really that
worth but if its something free then you can opt to look some valuable analysis that might be helpful for you.

In fact, there are indeed a lot of newbies who misunderstand about trading bots, as you have explained, most newbies think that using trading bots
can generate a lot of profit without doing anything. This is actually the creator of trading bots who are good at marketing, they only provide
an incomplete description of the products they offer, and only focus on showing the profit that the trading bots are making. So it is not entirely
the fault of a newbie, because anyone would be interested in such an attractive offer.

[Silberman]

Hi All,

I am a long-time advocate of cryptocurrency (mined my first bitcoins back in 2010!) but I have only ever worked/developed websites for customers for crypto and never traded. so I am a complete beginner when it comes to trading for profit but I would love to try my hand at it.

So recently (about a month) a friend introduced me to telegram Crypto Trade Signal Groups and said a few made him a ton of money (although I have never seen that proof). So I sign up for the VIP package of these signal groups. sets me back about $100 altogether and then I subscribe to the suggested Cornix bot which automatically trades on the signals these channels send. This was quite promising for me and I felt quite excited. Now a month has gone by... my portfolio has had a 2% increase and I'm now being asked to re-subscribe to Cornix and the signal groups.

So my question is really, Are they ever actually worth it? has anyone ever made much profit from these "premium" signals other than the people that run them? or could it be how I have the Cornix bot set up?

I have followed some guides but I wonder whether I should try and commit the time to learn to trade manually without the use of Bots? It's just a nice idea to have passive income while I am at work and asleep.

Appreciate any response and always happy to receive any educational material you think would be useful for me.

edit: money <> crypto

Commit your time to trade manually, 2% in profits is really nothing and many traders can obtain that with a single trade and not a month, now I will be direct trading is really hard and there is a big chance that you will lose money but even then signals are not worth your time, almost no one makes money with those groups, after all if they were that good then why give signals when they can just trade by themselves and make themselves rich in the process?

[awik p]

Hi All,

I am a long-time advocate of cryptocurrency (mined my first bitcoins back in 2010!) but I have only ever worked/developed websites for customers for crypto and never traded. so I am a complete beginner when it comes to trading for profit but I would love to try my hand at it.

So recently (about a month) a friend introduced me to telegram Crypto Trade Signal Groups and said a few made him a ton of money (although I have never seen that proof). So I sign up for the VIP package of these signal groups. sets me back about $100 altogether and then I subscribe to the suggested Cornix bot which automatically trades on the signals these channels send. This was quite promising for me and I felt quite excited. Now a month has gone by... my portfolio has had a 2% increase and I'm now being asked to re-subscribe to Cornix and the signal groups.

So my question is really, Are they ever actually worth it? has anyone ever made much profit from these "premium" signals other than the people that run them? or could it be how I have the Cornix bot set up?

I have followed some guides but I wonder whether I should try and commit the time to learn to trade manually without the use of Bots? It's just a nice idea to have passive income while I am at work and asleep.

Appreciate any response and always happy to receive any educational material you think would be useful for me.

edit: money <> crypto

Commit your time to trade manually, 2% in profits is really nothing and many traders can obtain that with a single trade and not a month, now I will be direct trading is really hard and there is a big chance that you will lose money but even then signals are not worth your time, almost no one makes money with those groups, after all if they were that good then why give signals when they can just trade by themselves and make themselves rich in the process?

2% calculation seems easy to achieve, but sometimes a trader also experiences floating not as expected. therefore our attitude will determine, not to be selfish in playing a role in this kind of condition, so as not to be dragged along more and more. and must be able to immediately move on in such conditions

[Kittygalore]

Trading signals providers aren't worth your time since the only ones that really benefit from it are the people at the fop not to mention that most of them are not accurate and you have to pay, trading bots on the other hand is a pretty good one if you have a coding prowess so you can tweak it to your liking and if it is free.

[michellee]

2% calculation seems easy to achieve, but sometimes a trader also experiences floating not as expected. therefore our attitude will determine, not to be selfish in playing a role in this kind of condition, so as not to be dragged along more and more. and must be able to immediately move on in such conditions

Not many trader can make 2% of profit as many of them does not have good skills instead follow other people suggestion to buy the coin. If they have skills, I am sure that will not difficult to make that profit, especially they can select the right coin to trade.

I think I know what that groups he mentions because I think I know about Cornix for a bit because some of my friends also talk about that. But I do not know if that bot is good to help you to trade or not because I do not use bot to trade. I prefer to learn more about trading and doing manual trading because I tihnk that is the way for me to improve my skills.

[xZork]

Never believe trading signals, they are just scams.
If anyone has the correct trading signals he has become a millionaire, and he only needs to think about how to spend his money instead of selling those trading signals.

[DoublerHunter]

Never believe trading signals, they are just scams.
If anyone has the correct trading signals he has become a millionaire, and he only needs to think about how to spend his money instead of selling those trading signals.

^ Definite right, but there are still traders who believe in the paid signal group because those people are not able to stand by their own in trading, they are hoping that this will give benefit if they will follow and risking their money. You are right, probably they will never allow people to join if they know exactly know about trading and becomes rich in the world. Nevertheless, a trading bot is probably different on this, I consider this is a good tool in trading that will help you to execute in behalf on you while you are not there,  but of course, it will not work without you so don't expect the trading bot will work without you.

[acdc]

Quick answer for trading signals: NO

Honestly, I'm interested to know what happened to the first bitcoins that you've mined then on that year? if this is a real story, you don't have to mind about trading if you still managed to hold it.

But since you're asking about trading, I guess you've spent most of it already.

A bot is helpful if you know how to manage it as it automates your strategy but it doesn't mean you'll also get automatic profit from it. But I haven't heard that one you mentioned.

I appreciate the quick and honest answer. I think I will leave it in that case.

Actually accumulated over 2000 BTC back when... sold it for what it was worth at the time (under 1$) as I needed to pay my rent. never did HODL, the biggest mistake of my life, and still makes me sick to think about it.

You are probably the few who owned bitcoin in the first place, and the majority of people sold bitcoins for cheap.
I also used to get Btc at a low price, but I also had to sell it to pay my bills.
At the moment I try to forget about that experience and look for new opportunities for myself.

[teosanru]

Hi All,

I am a long-time advocate of cryptocurrency (mined my first bitcoins back in 2010!) but I have only ever worked/developed websites for customers for crypto and never traded. so I am a complete beginner when it comes to trading for profit but I would love to try my hand at it.

So recently (about a month) a friend introduced me to telegram Crypto Trade Signal Groups and said a few made him a ton of money (although I have never seen that proof). So I sign up for the VIP package of these signal groups. sets me back about $100 altogether and then I subscribe to the suggested Cornix bot which automatically trades on the signals these channels send. This was quite promising for me and I felt quite excited. Now a month has gone by... my portfolio has had a 2% increase and I'm now being asked to re-subscribe to Cornix and the signal groups.

So my question is really, Are they ever actually worth it? has anyone ever made much profit from these "premium" signals other than the people that run them? or could it be how I have the Cornix bot set up?

I have followed some guides but I wonder whether I should try and commit the time to learn to trade manually without the use of Bots? It's just a nice idea to have passive income while I am at work and asleep.

Appreciate any response and always happy to receive any educational material you think would be useful for me.

edit: money <> crypto

A big question that generally all new traders ask. The simple answer is no in general they don't but yes they do if you are a trader yourself. Let me keep it in a different manner. Traders generally have a trading strategy and a plan for each trade whenever they decide to trade. The trading strategy is the rules that the trader makes for himself like the type of pattern he will go behind, the amount of risk he will take at maximum, and the return he expects while a plan is made for the respective trade. A signal group poster is also a trader who created both these things for himself. Now if this thing would tally with your mindset and risk capacity is absolutely impossible.

These trading groups are to be used in a different manner, they should be used for screening. For example, you get a signal from this one group. Now you put that chart to test in your own trading setup. This thing will ensure that you have got two different views of the same security before buying it so it's a good trade or a bad trade. This acts as a screener as well as an additional filter for all your trades thus making you profitable and save some time of yours. Instead of this people just take these signals as holy grails and keep on buying based on them and end up in no major gains.

Bots on the other hand are entirely different. Bots too are pretty good tools if they are used to create triggers as per your own trading strategy but taking signals and feeding it to the bot and expecting you would make money is something only a lousy idiot would think of.

[suzanne5223]

So my question is really, Are they ever actually worth it? has anyone ever made much profit from these "premium" signals other than the people that run them? or could it be how I have the Cornix bot set up?

You shouldn't have joined the trading signal group in the first place because they usually use to scam people in the end which is the reason why you are asked to subscribe again and my advice is to learn crypto trading, there are some Youtube video that can help you with that.

I have followed some guides but I wonder whether I should try and commit the time to learn to trade manually without the use of Bots? It's just a nice idea to have passive income while I am at work and asleep.

Bot trading ease the burden of spending much time on trading.
You can commit your time to learn trading and also use bot rather than signal but none of them guarantee every trading decision you make to be successful.

[Sled]

So my question is really, Are they ever actually worth it? has anyone ever made much profit from these "premium" signals other than the people that run them? or could it be how I have the Cornix bot set up?

You shouldn't have joined the trading signal group in the first place because they usually use to scam people in the end which is the reason why you are asked to subscribe again and my advice is to learn crypto trading, there are some Youtube video that can help you with that.

I have followed some guides but I wonder whether I should try and commit the time to learn to trade manually without the use of Bots? It's just a nice idea to have passive income while I am at work and asleep.

Bot trading ease the burden of spending much time on trading.
You can commit your time to learn trading and also use bot rather than signal but none of them guarantee every trading decision you make to be successful.

There is one thing it brought into my mind thinking how these people offer such services. Why not use it by themselves, because if these signals are really working, they got a lot of money now? Talking about trading signals, having bots, that will mean nothing. It is a trick and I can't afford to trust them rather than learning how to trade on my own. I was benefiting it all and I don't spend money from such learnings since we can find it online for free.

[J1mb0]

My answer
Trading Signals: No.
Trading bot: I have never seen a trading bot provide stable returns for investors. Some people use trading bots to do simple things, but making decisions they still have to do by themselves.

[cloirecrom]

trading signal? no, except you understand where the signal come from, and what the signal meaning is
bot? i am also looking for this, any good bot where we easily setup to automate trade, so we don't need to keep seeing the monitor to trade crypto.

[CryptopreneurBrainboss]

Never believe trading signals, they are just scams.
If anyone has the correct trading signals he has become a millionaire, and he only needs to think about how to spend his money instead of selling those trading signals.

Quite interesting, why do we have mentors and teacher all over the whole, that's because they want to pay the knowledge to the next generation. Are there signals providers that are honest and quite profitable to follow? Yes but you'll be doing yourself less good and more harm. There's nothing specific in waiting on someone else to interpret the market and make you money.

Doing so will only make you lazy, you can learn this skills within months although to perfect them, you'll need experience which can only be gotten from continues practice (time). That been said, you have to make yo your mind to acquire the skills involves in trading if you want to become a professional traders.

Bits invite other hand ar quite understandable, you are basically inputting your knowledge into the bot and it excute thai tasks automatically but if you're speaking of bots that trades for you with their own interpretations then that's as wasteful as relying on signal providers.

[pankowri]

As a beginner, you should go slowly and move when necessary it will rescue you from fall. Never do hurry like in this platform because this platform is not for some days it will go far as the other currencies. So first spend more time with crypto and gather knowledge, experience then you will automatically understand how to operate your wealth. Best wishes to you.

[conected]

Never believe trading signals, they are just scams.
If anyone has the correct trading signals he has become a millionaire, and he only needs to think about how to spend his money instead of selling those trading signals.

- No one seems to force us to join pay signal groups, it seems that the self-participation of some individuals does not accept improvement in knowledge, this deception is a lesson for them but do not let some such parts affect other signal groups, many signal groups only aim to share their knowledge. Of course, providing an absolute success on the signals is not possible, they are only able to provide certain percentage of success but their views are the material to enrich our knowledge, aggregating data is a necessary subject for greater success in trading

[suzanne5223]

So my question is really, Are they ever actually worth it? has anyone ever made much profit from these "premium" signals other than the people that run them? or could it be how I have the Cornix bot set up?

You shouldn't have joined the trading signal group in the first place because they usually use to scam people in the end which is the reason why you are asked to subscribe again and my advice is to learn crypto trading, there are some Youtube video that can help you with that.

I have followed some guides but I wonder whether I should try and commit the time to learn to trade manually without the use of Bots? It's just a nice idea to have passive income while I am at work and asleep.

Bot trading ease the burden of spending much time on trading.
You can commit your time to learn trading and also use bot rather than signal but none of them guarantee every trading decision you make to be successful.

There is one thing it brought into my mind thinking how these people offer such services. Why not use it by themselves, because if these signals are really working, they got a lot of money now? Talking about trading signals, having bots, that will mean nothing. It is a trick and I can't afford to trust them rather than learning how to trade on my own. I was benefiting it all and I don't spend money from such learnings since we can find it online for free.

You make a good point because nobody with a genuine signal that fetches her money will decide to share her signal for just $100 not to talk about even selling it and the last time I checked their service it just like those that lied about sport bet selling.
Greed investors and newbies will always fall for their trick.

[Furious 7]

As a beginner, you should go slowly and move when necessary it will rescue you from fall. Never do hurry like in this platform because this platform is not for some days it will go far as the other currencies. So first spend more time with crypto and gather knowledge, experience then you will automatically understand how to operate your wealth. Best wishes to you.

What you say is correct, but it all has to be with the risks faced during the learning I think in this case beginners will know at times over time because, with a lot of learning and experience in what you want, you will know how to do it correct trading management, the discussion is actually very important where we will ask more disciplined trading questions.

So as long as there are trading signals and bots that are still being used, just use it as long as you don't rely too much on what is more instant but we have to know how the coins we trade become potential, this is what makes beginners more knowledgeable and trading with the profits they get.

[Atekul3]

Of course I think those who are new to online who are new to online don't know very well about trading we must try to let them know they must arrange a signal for trading because if you want to trade now you must  Someone must take the signal of your trading, then you must be able to make a good profit in trading

[lixer]

nobody with a genuine signal that fetches her money will decide to share her signal for just $100 not to talk about even selling it and the last time I checked their service it just like those that lied about sport bet selling.
Greed investors and newbies will always fall for their trick.

That's true, I have seen people get richer that way and not with their signals themselves. He was a technology buff and he knew how to code things very well, he was really good at it, and he learned about indicators and all sorts of those stuff and that turned into him using his tech skills to create telegram bot and a channel where he shared "signals" which was basically a bot basically notifying people when a certain indicator was hit, and that's it.

He didn't follow it himself, he just got 250 dollars for anyone who wants to join and that was it. When you know that even the owner isn't doing what he sold, you know that it is bunch of bull shit. He was a person I know from telegram and he got me in for free and told me all the reality, which is why I never used it. Sometimes it was correct and sometimes it was wrong but it definitely didn't worth 250 dollars.

[suzanne5223]

nobody with a genuine signal that fetches her money will decide to share her signal for just $100 not to talk about even selling it and the last time I checked their service it just like those that lied about sport bet selling.
Greed investors and newbies will always fall for their trick.

That's true, I have seen people get richer that way and not with their signals themselves. He was a technology buff and he knew how to code things very well, he was really good at it, and he learned about indicators and all sorts of those stuff and that turned into him using his tech skills to create telegram bot and a channel where he shared "signals" which was basically a bot basically notifying people when a certain indicator was hit, and that's it.

He didn't follow it himself, he just got 250 dollars for anyone who wants to join and that was it. When you know that even the owner isn't doing what he sold, you know that it is bunch of bull shit. He was a person I know from telegram and he got me in for free and told me all the reality, which is why I never used it. Sometimes it was correct and sometimes it was wrong but it definitely didn't worth 250 dollars.

Good to read this from you. If the bot does make people richer as you said it won't be hard for her(the creator) to make use of it rather than just selling to others online and if the creator of a signal bot cant uses it, it means she doesn't trust what she created to be an easy way to make a profit through trading and what I am seeing here is that people who like to make a profit through the easy way in trading will always be the prey in the market.

[beerlover]

A bot is helpful if you know how to manage it as it automates your strategy but it doesn't mean you'll also get automatic profit from it.

For such scenario, you need to be an expert in trading and must have some coding knowledge as well which is the reason why most people are going for third-party bots rather than automating their own strategy. Moreover, we will be able to only automate some part of our trading process and definitely not end-to-end so that we will get autopilot profits.

I have heard mixed responses from traders about making use of others' signal because even high fee  demanding signal provider also not hitting bulls eye all the times. So, the accuracy of signals we are buying definitely less than 60% which must be the concern that lead to why we should go for paying them rather than generating our own signal. Overall, generating our own signal and then trading by our own (or making use of bots up to some levels) are profitable and effective compared to hassles and money spending regularly to others.

[thecryptogandalf]

Bots defitinetely have advantages. There are two important point, I think you should be aware of:

1.Bots can be as much as useful in your own hands. I mean you need to know idea behind the bots and how to use them in your favor during your trading. Bakctest and papertrade them first see the micro and macro shortfalls and fix them and test them again. If you consider the bots  something like a magic wand, just turn it on and let the money flow in, I strongly do not advice you to use bots.

2. The platform you are using in order to create your bots, I would suggest the well known and transparent platforms. I personaly prefer platforms that lets me create my own bots and test them out. I dont really prefer some shady bots that are created by someone else.

[boyptc]

Of course I think those who are new to online who are new to online don't know very well about trading we must try to let them know they must arrange a signal for trading because if you want to trade now you must  Someone must take the signal of your trading, then you must be able to make a good profit in trading

You might get a signal that's not favorable to you or to the newbie that wants that follow such.

And if that happens, the newbie will be disappointed that he has to experience it and didn't listen to the advise of other people that they shouldn't follow such trading signals.

[Yamifoud]

Bots defitinetely have advantages. There are two important point, I think you should be aware of:

1.Bots can be as much as useful in your own hands. I mean you need to know idea behind the bots and how to use them in your favor during your trading. Bakctest and papertrade them first see the micro and macro shortfalls and fix them and test them again. If you consider the bots  something like a magic wand, just turn it on and let the money flow in, I strongly do not advice you to use bots.

2. The platform you are using in order to create your bots, I would suggest the well known and transparent platforms. I personaly prefer platforms that lets me create my own bots and test them out. I dont really prefer some shady bots that are created by someone else.

That being said, it is the answer to why the majority don't have the interest in buying Bots, paying signal trading because we don't have trust with them. If you don't trust them, it gonna be the same as the other thinks about them. It simple, why not having our own, of they can do it, that also possible that we can make it. And might they are doing this to trick us and to fool us.
But if you don't have knowledge about trading, about crypto, seeing this word "instant" seems to be eye-catching that usually noobs actually being a victim.

[blckhawk]

I appreciate the quick and honest answer. I think I will leave it in that case.

Actually accumulated over 2000 BTC back when... sold it for what it was worth at the time (under 1$) as I needed to pay my rent. never did HODL, the biggest mistake of my life, and still makes me sick to think about it.

That's quite a lot, if you hold it till today you probably became a millionaire by now but well we don't know exactly what's gonna happen so I can't blame you for that besides, we all have been committing the same mistake and we all can do is to move on with it and learn to form it. Anyway, regarding trading signals and both, I'd say if you have still no enough knowledge of trading then trading signals could be helpful at least rather than losing a vast amount of money but bear in mind that there will be a time these signals won't work. Trading signals aren't that bad but why not learn it yourself so you don't need to spend a few bucks upon subscription, we're are all just doing the same thing anyway, they also conduct some analysis so why not do it yourself.

[Yatsan]

It depends on the signal group you were currently in and also depending on the trading bot you are up to because some are just a waste of time and some seems to be legitimate. Well, if you are in no call to have trading bots and to join signal groups because you tend to learn from experience, then it will save you up from spending money from membership fee for them providing you guidance on your trading journey. Yes, it is a risky thing to try out learning by yourself trading but basically it is where all the big traders have started with. Do not rush things out of how you wanted things to get into. Better learn it slowly and take it into a process for you might do it better having to manage your trading by your own not depending on signal groups and trading bots.

[doomloop]

my question is really, Are they ever actually worth it? has anyone ever made much profit from these "premium" signals other than the people that run them? or could it be how I have the Cornix bot set up?

I have followed some guides but I wonder whether I should try and commit the time to learn to trade manually without the use of Bots? It's just a nice idea to have passive income while I am at work and asleep.

Appreciate any response and always happy to receive any educational material you think would be useful for me.

Well, I have been hearing about telegram signal groups for long but I haven’t seen any evidence at all that any of these sites really works, to me it seems like they don’t work, it’s all just tactics for them to be making money for themselves, and some of them can even take their trading history to convince you to join their telegram groups and pay for VIP services that wouldn’t be heading to no where.

But it can also be possible that there are legit ones around, but if was you I wouldn’t be subscribing for that again lol, if I have not been able to cover up what it cost me to sign up for their services the first time, then what’s the need for me to subscribing again for their services ? It is not going to make any sense because I am the one losing. I will say you should try out copy trading , and check the history of the professionals there and be able to tell if they are good or not.

[Vaskiy]

There are users who have got success through signal groups. Same as that there are users who have lost/got scammed using the signal groups. Based on this we can't come to a conclusion about trading signals. From my view, learn the basics of trading and slowly increase the capital into trading than believing blank the trading signals.

[Becky666]

I don't think i need trade signals for my trade, there are several of them out there but many are fake while little seem to fall under luck (guess), so, i don't need them for any reason of such. Have been into this industry quite sometimes now and those signals they have shared to me personally and in groups seem not good, so, i quit using them to my detriment as a trader. The better you understand the rudimentary the better for your career in trade, so, get a mentor for your trade signals and monitor him/her for time you will be more perfect TA.

[goldade]

Hi All,

I am a long-time advocate of cryptocurrency (mined my first bitcoins back in 2010!) but I have only ever worked/developed websites for customers for crypto and never traded. so I am a complete beginner when it comes to trading for profit but I would love to try my hand at it.

So recently (about a month) a friend introduced me to telegram Crypto Trade Signal Groups and said a few made him a ton of money (although I have never seen that proof). So I sign up for the VIP package of these signal groups. sets me back about $100 altogether and then I subscribe to the suggested Cornix bot which automatically trades on the signals these channels send. This was quite promising for me and I felt quite excited. Now a month has gone by... my portfolio has had a 2% increase and I'm now being asked to re-subscribe to Cornix and the signal groups.

So my question is really, Are they ever actually worth it? has anyone ever made much profit from these "premium" signals other than the people that run them? or could it be how I have the Cornix bot set up?

I have followed some guides but I wonder whether I should try and commit the time to learn to trade manually without the use of Bots? It's just a nice idea to have passive income while I am at work and asleep.

Appreciate any response and always happy to receive any educational material you think would be useful for me.

edit: money <> crypto

Well, as you obviously have learnt through your subscription to that premium signal group, I'm sure you now know that it's not worth it.
I believe that people who look for trading signals are only looking for a way to make quick money since they don't want to go through the rigors of having to learn how to trade.
The best way to actually get the most of trading is to learn how to trade by yourself. If not, you'd only be spending money on subscribing to signals only to get little returns at the end of the day.

[rodskee]

Those paid Trading signals in some way is legit but not all of them because i have read some cases that claiming they are being lured to scamming from those trading signals provider.

i have also joined some of them(But of course those free only) but only has 1-5 % accuracy and majority is crap advises .

So if you want to try with this then better be on the risk management so you won't spend too much in losing.

[imstillthebest]

your goal is to earn passively but that will only be possible by the help of a trading bot and not by manual trading .
 its been a month since you subscribed but why you only earned 2 % ? i think 2 % is small for 1 month of trading but atleast your not in a negative position  .
 you can give it another shot by subscribing again and see if your profits earned will be better this time but if not , thats the time you unsubscribe and find more worthy groups for your money

[SquallLeonhart]

i think 2 % is small for 1 month of trading but atleast your not in a negative position  .

After making use of trading bot, not getting into negative earning must be good thing when someone is looking for passive earning. Because, earning even 1% out of no efforts will be a good thing but in long run how consistent it will be, is a billion dollar question here. AFAIK, no bot will be consistent in terms of profit making; but when it will be staying in positive side then it will be a very big achievement on search of passive income generation.

Those paid Trading signals in some way is legit but not all of them because i have read some cases that claiming they are being lured to scamming from those trading signals provider.

What you heard is absolutely true. Because, some signal providers are reselling other's signal and this way they are selling one subscription to many to gain easy money. In the case of effective signal that will not be a problem (still it will be an offensive act) but when they are reselling ineffective signal then that will risk many peoples' hard earned money.

[ipanks]

Maybe that is worth it, but it is hard to find a legit trading signal because the paid trading signals are only available in a limited number of people in a group as far as I know. Not many of them will want to share legit information about what coin will increase or share their analysis with the members. I see many groups in the telegram use people to attract them to buy a coin, and after the price starts to increase, they will use the benefits for themselves. So if you really want to use the paid trading signals, you need to be careful because there is no guarantee that you always make a profit from their signals.

[Silberman]

Hi All,

I am a long-time advocate of cryptocurrency (mined my first bitcoins back in 2010!) but I have only ever worked/developed websites for customers for crypto and never traded. so I am a complete beginner when it comes to trading for profit but I would love to try my hand at it.

So recently (about a month) a friend introduced me to telegram Crypto Trade Signal Groups and said a few made him a ton of money (although I have never seen that proof). So I sign up for the VIP package of these signal groups. sets me back about $100 altogether and then I subscribe to the suggested Cornix bot which automatically trades on the signals these channels send. This was quite promising for me and I felt quite excited. Now a month has gone by... my portfolio has had a 2% increase and I'm now being asked to re-subscribe to Cornix and the signal groups.

So my question is really, Are they ever actually worth it? has anyone ever made much profit from these "premium" signals other than the people that run them? or could it be how I have the Cornix bot set up?

I have followed some guides but I wonder whether I should try and commit the time to learn to trade manually without the use of Bots? It's just a nice idea to have passive income while I am at work and asleep.

Appreciate any response and always happy to receive any educational material you think would be useful for me.

edit: money <> crypto

Commit your time to trade manually, 2% in profits is really nothing and many traders can obtain that with a single trade and not a month, now I will be direct trading is really hard and there is a big chance that you will lose money but even then signals are not worth your time, almost no one makes money with those groups, after all if they were that good then why give signals when they can just trade by themselves and make themselves rich in the process?

2% calculation seems easy to achieve, but sometimes a trader also experiences floating not as expected. therefore our attitude will determine, not to be selfish in playing a role in this kind of condition, so as not to be dragged along more and more. and must be able to immediately move on in such conditions

I understand that even earning 2% per month can be really good if you are able to maintain this kind of profits in a consistent basis but that is the point, that is not something that you can maintain by using those kind of signals and it doesn't make sense to use bots to automate your trades when you do not really know what you are doing, there is a reason why most books about trading recommend that at first you learn how to do it manually and yet people want to skip that step not realizing the mistake that they are making.

[fahmimajannat]

Sometimes but not all the time.
Bots and signals may works lots of time but it better to depend on your knowledge and ability instead of someone else.
So learn and then trade.
It will be far better than depending on others or any programmed bot.

[darewaller]

Nah, man I think it’s always best to avoid all these trading signal stuff’s and just learn how to trade yourself. My friend did this same thing, they called it a VIP trading signal and it was a group that was on telegram and they were lots of people saying that they give best trade signals, so he hopped on it and after one month he was even the one losing because the most of the signals that they were giving were totally wrong so he had to quit and leave the group.

So I can’t tell anyone that these signals are right, but I do know maybe there might be some of them out there that are good, but they will be hard to find. Although I do understand that no one can very much predict what will happen in the market, so the signals they are giving you is still under probability, they feel that’s what is likely to happen, so they give you the signal. I think right now copy trading is becoming the next thing, I have not tried them though, but I look forward to doing that soon.

[FanEagle]

Maybe that is worth it, but it is hard to find a legit trading signal because the paid trading signals are only available in a limited number of people in a group as far as I know. Not many of them will want to share legit information about what coin will increase or share their analysis with the members. I see many groups in the telegram use people to attract them to buy a coin, and after the price starts to increase, they will use the benefits for themselves. So if you really want to use the paid trading signals, you need to be careful because there is no guarantee that you always make a profit from their signals.

That is the correct answer, is there a legit one? That's the real question. I mean I have used so many trading bots in my life, from 2016 to 2018 I have used maybe 10 different trading bots, some for long time because they were making money (thanks to bull run of course) and some were short because they made a loss. And I can tell you that most of them are not even legit, they are quite bad and that is why we are here and not making any money at all.

This is why I think it is quite important to realize there are only handful of (maybe 2 at best) trading bots that really work, they work as in they do what they should, doesn't mean that they make profit, if what you programmed them to do doesn't work, that means they will not make money, but they at least work like they suppose to and you can configure them to anyway you want and they will do that without problem, even that is great in trading bot community because most can't even do that and give error.

[semobo]

Sometimes but not all the time.
Bots and signals may works lots of time but it better to depend on your knowledge and ability instead of someone else.
So learn and then trade.
It will be far better than depending on others or any programmed bot.

I agree with your answer but not with the logic, its okay to start trading by following others because it is easy and no time involves but it should not be done via the signals, you can do copy trading if you are not getting any profits even after trying too hard. But everything needs knowledge and expereince.

[cryptolord2077]

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.

[Vaculin]

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.

[TastyChillySauce00]

Trading signals honestly are just speculation. I mean, what could anyone do without internal information regarding some projects and capital?. The market itself always choose some random coins to get pumped and these signals provider are too small to affect high market cap coins aswell.
 Even if it's warren buffet that gives out the signal there's no guarantee that the trading signal gonna be correct and a trading signal that's 100% correct and always accurate are those signals that are created by pump and dump group which means market manipulation but of course they definitely gonna take advantage of the people who follows them blindly. But in the other hand could help you making some trade based on your preferences, bot in my opinion is worth it if you are like me who really getting tired of watching the market 24/7.

[cryptolord2077]

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.

Yes, it works, especially on an uptrend. A good group of signals is something like scalping, they tell you which coins will grow by 5-20% and you fix the profit in parts, 50% orders for 5% growth, 30% of the deposit for 10% growth, and so on. They tell you what coins, but not when. Thus, you need to wait, you can place an order today, and it will work in a month. I've never had enough patience. In general, I consider a group to be good if 60% of its signals hit the target, and the remaining 40% are closed by stop loss.

[Kelvinid]

snipped...

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.

Yes, it works, especially on an uptrend. A good group of signals is something like scalping, they tell you which coins will grow by 5-20% and you fix the profit in parts, 50% orders for 5% growth, 30% of the deposit for 10% growth, and so on. They tell you what coins, but not when. Thus, you need to wait, you can place an order today, and it will work in a month. I've never had enough patience. In general, I consider a group to be good if 60% of its signals hit the target, and the remaining 40% are closed by stop loss.

That is too bad to see. I have no such patience and neither to wait for that long, I'm wasting my time. Because even we say that 60% it works from their signals but for that long, I can't still imagine if that really works as the market price moves high and low. That just be a big coincidence, right?

This is to imply that signals are just a trick, these groups tell lies only. That makes no sense having them, they are not helping us but instead, they are milking new traders.

[andriarto]

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.

Yes, it works, especially on an uptrend. A good group of signals is something like scalping, they tell you which coins will grow by 5-20% and you fix the profit in parts, 50% orders for 5% growth, 30% of the deposit for 10% growth, and so on. They tell you what coins, but not when. Thus, you need to wait, you can place an order today, and it will work in a month. I've never had enough patience. In general, I consider a group to be good if 60% of its signals hit the target, and the remaining 40% are closed by stop loss.

60-40 is already a good result for me. means we can still make money from trading activities. but sometimes for beginner traders they ignore stop losses, because they feel heavy hearted to do so. and in the end they failed in trading

[LUCKMCFLY]

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.

Yes, it works, especially on an uptrend. A good group of signals is something like scalping, they tell you which coins will grow by 5-20% and you fix the profit in parts, 50% orders for 5% growth, 30% of the deposit for 10% growth, and so on. They tell you what coins, but not when. Thus, you need to wait, you can place an order today, and it will work in a month. I've never had enough patience. In general, I consider a group to be good if 60% of its signals hit the target, and the remaining 40% are closed by stop loss.

60-40 is already a good result for me. means we can still make money from trading activities. but sometimes for beginner traders they ignore stop losses, because they feel heavy hearted to do so. and in the end they failed in trading

A 60-40 can be something acceptable for many, but it must be borne in mind that the market will not be in an uptrend all the time, also if the majority that follows the signals put all their balance and trust the signals that they can. give a big failure. When novice traders trust signals, it goes into the statistic of 95% of traders losing in the market.

It is better for newbies to make a good plan based on technical analysis and fundamental analysis, it is better that by entering the market under their own analysis they understand the market better than with the signal analysis provided by a group, these kinds of things are named in a book written by Malkiel Burton called "A Random Walk on Wall Street" where they state that technical analysis based on chartism tends to fail most of the time, just like fundamental analysis, here it is analogous to the crypto market.

[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.

[tvplus006]

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.

[geegaw]

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.

Indeed, the bull market guarantees a relatively high luck to most investors, from novice to experienced traders or bot users, choosing will always achieve a high degree of victory, which is the advantage but when market layouts and conditions change, decisions are suddenly redirected and inaccurate, even for good investors, they choose to escape while some of the bot users were constantly participating, an unnecessary contradiction and resistance to market trends, that proves the bots are not too special and worthy to invest

[Rengga Jati]

What kind of trading signal did you use or join?
Honestly, at first, I also followed a VVIP trading signal and also used the signals from the channel. I know that many members here don't believe in this kind of signal and better to analyze my own. However, as a beginner at that time, I really couldn't analyze the crypto market and didn't know whether how to analyze the chart of cryptocurrency.
And yeah, fortunately, I knew the owner of the signal group and I believe them so that I followed them. However, what I always learned from them is that "a signal or any kind of prediction or analysis will never be 100% correct, it will always own risks to use the signals, and we need to cosnider the risks"
Additionally, they also educated us about cryptocurrency, its fundamentals, hot issues, technical analysis, and others.
As a beginner at that time, it is very helpful for me.

And now, after knowing little about the way to analyse, I can use those signals in order to be one of the considerations to take the decision whether to buy or sell or hold certain coins in certain periods, combined with my own analysis.

[fullhdpixel]

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.

But in last two weeks we are not having strong bull run for bitcoin markets. I mean even we are having another good year for bitcoin markets currently, we are facing bearish trend also time to time. So, making use of bots cannot assure anything just because of bull market. You may assume continuation of bull market but market may turn bearish at least for very short period of time.

So, going for buying signals and trying for making use of bots just because of ongoing bull market, may not produce expected results. It is always better to go for our own technical analysis to generate our own signals so that we can trade manually without any need of bots.

[TheUltraElite]

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.

There is a craze among programmers to use a bot to automate trade. There is no difference in using a bot to day trade and gamble that same money. Whatever reasoning you do to explain one or the other, end result becomes same. Of course if you have a bot that is making your loads of money you would keep it to yourself instead of giving away your trade secret for years to come.

But the foolish newbies think that everyone can create such strategies when they only work in a 50-50 scenario. So they buy a bot, only to get ripped off their money.

So the bottom line is that if you wish to use a bot, use a legit one like Gunbot, or develop your own bot. Never put your trust on a bot that you bought from a shady site.

[boty]

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.

But in last two weeks we are not having strong bull run for bitcoin markets. I mean even we are having another good year for bitcoin markets currently, we are facing bearish trend also time to time. So, making use of bots cannot assure anything just because of bull market. You may assume continuation of bull market but market may turn bearish at least for very short period of time.

So, going for buying signals and trying for making use of bots just because of ongoing bull market, may not produce expected results. It is always better to go for our own technical analysis to generate our own signals so that we can trade manually without any need of bots.

the use of bots seems ineffective when at a certain time, for example during a price rally, it is feared that bots will actually give a sell signal, even though Fomo is happening at that time. I agree, it would be better if we use technical analysis

bot trading could not anticipate un predicted moment in market such as sudden dump, its only work on ranging or clear trend direction. and also using bot could not improve our skill in trading , we only depend on this bot algorithm which is we dont understand at all. manual trading always be best way for us if we want stay longer in crypto market.

[cute nmp]

Not all the time.As a new trader it is better to have the basic knowledge about market structure, technical analysis and sometimes fundamental before going into trading.Sometimes most of those signals given are wrong so it is better to use your own knowledge and experience to trade than relying on bots and signal groups.

[goaldigger]

Not all the time.As a new trader it is better to have the basic knowledge about market structure, technical analysis and sometimes fundamental before going into trading.Sometimes most of those signals given are wrong so it is better to use your own knowledge and experience to trade than relying on bots and signal groups.

If you’re going to start to trade, you must have a basic knowledge about it and don’t rely too much on Trading Signals and Bot because they are not accurate and in BOT it is still good if you’re going to input your personal strategy. Trading signal might trap you on top so this is not also an advice for newbies. Spend at least a month of learning about trading, it will be worth it for sure just dedicate yourself and time in trading.

[magneto]

Absolutely not.

These Telegram groups are simply pump and dump groups where the owner of the group ultimately benefits more than anything else.

The way they function is essentially a self-fulfilling prophecy - the owner first buys the coins themselves, before sending out the signal. People who see the signal then buy in and push prices up, and ultimately the owners cash out their positions for a handsome profit.

Passive income needs hard work to set up. If the trading signals do actually work, why would the owners share them with you at any price? Credit is dirt cheap right now.

[Yamifoud]

Not all the time.As a new trader it is better to have the basic knowledge about market structure, technical analysis and sometimes fundamental before going into trading.Sometimes most of those signals given are wrong so it is better to use your own knowledge and experience to trade than relying on bots and signal groups.

If you’re going to start to trade, you must have a basic knowledge about it and don’t rely too much on Trading Signals and Bot because they are not accurate and in BOT it is still good if you’re going to input your personal strategy. Trading signal might trap you on top so this is not also an advice for newbies. Spend at least a month of learning about trading, it will be worth it for sure just dedicate yourself and time in trading.

Because the truth is that, it was useless acquiring trading bots that you never know how to trade. That certainly be going nowhere and just a waste of time and money. Because the reality is that these trading bots don't run on their own but it just relies upon us.
And talking about trading signals, pretty obvious that these people are just milking on us. It all just a simple prediction, they are not seeing what will happen next, and that is no reason why we have to believe them.

[boyptc]

Sometimes most of those signals given are wrong so it is better to use your own knowledge and experience to trade than relying on bots and signal groups.

Most of the time, not only sometimes.

Relying on signals won't make your trading experience better. But using some bots, I think if you're really liking it and that's helpful to your trading strategy, it will help you a lot.

[andthereyou]

I think it's a bad idea to use trading signal and bots because it might hindered the learning process of a beginner. Maybe as a reference trading signal can be use. Remember that a trader should develop his/her own system that consistently made him/her money.

[iv4n]

I think it's a bad idea to use trading signal and bots because it might hindered the learning process of a beginner. Maybe as a reference trading signal can be use. Remember that a trader should develop his/her own system that consistently made him/her money.

It's a bad idea to try something new with all-in! If you are trying something new with money you can afford to lose then why not?
Don't get me wrong here, I am not saying you should run for every signal, or to run any trading bot... first do some research about them, how trustworthy they are, did anyone else tried them... and if you like what you see, you should give it a try!
In crypto (and pretty much everywhere else) there are people who are honest and fair, and people who are just using everything they can for their own benefit! So everyone should be careful with new things, but bad things that can happen are not reason for not living a life!

[Alucard1]

If they are both free and you think that it will help you a lot then go for it, if you are a small trader or if you only trade once in a blue moon or if you are trading with low capital then those things are not needed for you.
It is better if we are going to learn the trading signals and not to rely on other people because no one will give us the trading signal for free, unless you will give them huge amount of money.

[Xinarae*]

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.

[bitgolden]

Maybe as a reference trading signal can be use. Remember that a trader should develop his/her own system that consistently made him/her money.

That must be a good idea. When are having samples on entry and exit price levels then we can work on making our technical more accurate.  I agree every trader must work on developing their own system according to risk management and available capitals. It means on the beginning days we may use other's signal or bots for references purposes but side by side we must work on developing skills to start trading on our own signals.

I have come across traders who are writing their own bots for automating few of routine tasks. I am not ready to believe on making use of bots for end-to-end trading but partial trading thorough bots will be definitely helpful.

[boty]

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.

Newbies often make mistakes when trading, because they don't have good trading experience and knowledge. So it is advisable for newbies not
to first trade following other people's signals, or even using bots will be more risky. So like you said newbies should learn to trade more first,
in order to understand how to properly analyze the market. That way the mistakes made by newbies can slowly be corrected.

preparation before start trading before common mistake for every beginer. they think trading very simple and could do without any knowledge. beginer must know several step that need to passed, dont always use short cut to start our trading position. bot or signal will not trainee our skill , but it make us lazy to research in market.

[geegaw]

If they are both free and you think that it will help you a lot then go for it, if you are a small trader or if you only trade once in a blue moon or if you are trading with low capital then those things are not needed for you.
It is better if we are going to learn the trading signals and not to rely on other people because no one will give us the trading signal for free, unless you will give them huge amount of money.

Of course, free signals are difficult to exist but there are still many groups of signals that allow such a public interest, their benefit is that they will create a large group of investors, focus on becoming a whale to make their predictions come true. Another benefit is that cooperation with new projects, large signal groups will allow for large advertising, owners will be able to partner with some new projects to make more money from advertising, with such an expanding opportunity, a few reputable signals are indispensable to help the community trust them more

[wahyu wida]

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.

Newbies often make mistakes when trading, because they don't have good trading experience and knowledge. So it is advisable for newbies not
to first trade following other people's signals, or even using bots will be more risky. So like you said newbies should learn to trade more first,
in order to understand how to properly analyze the market. That way the mistakes made by newbies can slowly be corrected.

preparation before start trading before common mistake for every beginer. they think trading very simple and could do without any knowledge. beginer must know several step that need to passed, dont always use short cut to start our trading position. bot or signal will not trainee our skill , but it make us lazy to research in market.

right, with bots they just want to enjoy the sweetness of trading. whereas in manual trading we are taught many things such as psychology which seems to be swayed by the market. unless we have mastered manual trading and then use bots, the results will be different, because they know the advantages and disadvantages of bots

[Alert31]

No! That is a bad idea for a beginner in trading. Much better if they learn step by step in a right way. I mean learn the graph and the price movement by your own in actual for better understanding the trading and crypto market  instead of using trading signals and bots which is not useful for a beginners to learn and grow in this field.

[pawanjain]

I have followed some guides but I wonder whether I should try and commit the time to learn to trade manually without the use of Bots? It's just a nice idea to have passive income while I am at work and asleep.

That's the answer to your questions. Instead of joining these so called signal groups you can learn to trade by yourself.
2% a month is a really low return IMHO. You can easily make more than that if you learn how to trade.
After you are good at it may be you can yourself develop a bot or hire someone to create a bot for you or purchase a bot and then modify it as per your strategies.
This way you will learn how to trade and also earn passive income when your bot starts making money for you.

[death69]

I think it's a bad idea to use trading signal and bots because it might hindered the learning process of a beginner. Maybe as a reference trading signal can be use. Remember that a trader should develop his/her own system that consistently made him/her money.

Totally agree. Bots should only be used when you have fundamental knowledge in trading. Misusing trading bots only damage your trading career as well as weaken your vision. You can't understand the market properly if you go straight to trading bot without learning anything

Therefore, try to get familiar with trading by practicing, learning and researching. There are brokers giving you free money account so that you can participate in trading without fearing that you might lose your money

[jostorres]

my question is really, Are they ever actually worth it? has anyone ever made much profit from these "premium" signals other than the people that run them? or could it be how I have the Cornix bot set up?

I have followed some guides but I wonder whether I should try and commit the time to learn to trade manually without the use of Bots? It's just a nice idea to have passive income while I am at work and asleep.

Appreciate any response and always happy to receive any educational material you think would be useful for me.

I think you should ask that your friend for proof that those signals being given out by those telegram group channels were profitable for him, and also learn all these things from him, including how he setup the bots for him to be able to profit from it. If he’s not able to prove to you that he was making profit from them, then it’s all lies. It’s better you look for something.

I have not tried not trading before, and I have not seen any proof that they can be profitable as some people claim they are, none of them has actually provided proof that they are profitable, so it’s best I just steer clear from that direction, unless I just feel like I should try it out and see for myself.

[Dilerium90]

If you want to be in the market for a long time, then for a long-term perspective you need to do without trading signals and trading robots. I am convinced, that in the long run, only your own strategy will give a positive value. Everything else is unprofitable.

[Issa56]

Have been in Cryptocurrency not long ago I don't really know much about crypto Bot but I really support cryptocurrency signal when you really join the right group, there are lot's of scam signal groups which they just collect your money and give fake signal but even if u are getting a signal from a group make sure you do your research first before buying the coin not all signals are always 100%.

[fullhdpixel]

I have followed some guides but I wonder whether I should try and commit the time to learn to trade manually without the use of Bots? It's just a nice idea to have passive income while I am at work and asleep.

Remember when the bull happens everything works, when it is time for bear nothing works as expected. This has been the case for a very long time and it will continue to be like that for a long time for a while. If we are in a bull market, when you get a signal from a paid signal group, that signal could probably be probably right because we are in a bull market so almost everything goes up and that coin you got a signal could actually be true as well, or a bot for example, if you use a bot during bull market, it will buy and because everything goes up it will sell higher and make you a profit.

However what happens during bear market? Everything is going down, how could they work, they would suck and make you hold bags of coins without selling them because they are all down. That is the difference between bear and bull, so signals and bots only work on bull and never on bear.

[Hamphser]

Have been in Cryptocurrency not long ago I don't really know much about crypto Bot but I really support cryptocurrency signal when you really join the right group, there are lot's of scam signal groups which they just collect your money and give fake signal but even if u are getting a signal from a group make sure you do your research first before buying the coin not all signals are always 100%.

Bot has nothing to do with those fake signals out of those fake groups in the market this is why you should really be aware on what are the things that been circling around.

If you do have doubts then you can always make some searches and verify for yourself.Regarding on the topic question about bots then its just for automation.

Newbies do mostly believe that this is something a money making generating machine which is totally bullshit kind way of thinking.

[SystemTrader]

I haven't used any trading bots yet but I hear it quite often. Some people say custom bots that you can customize and create by yourself are way safer and better than the ones that are created by someone else and being sold in the market. Another thing that makes a lot of sense to me is that how people misperceive bots. Some traders were doing emphasis on how bots useless without any trading knowledge and proper money&risk management and how significant bots are about leveling up your trading as a tool once you understand the main idea of it along with your trading knowledge.

[wiss19]

Bot has nothing to do with those fake signals out of those fake groups in the market this is why you should really be aware on what are the things that been circling around.

Some people are assuming like bots is a gateway to get us signals which is the reason why people are questioning like this. But, in some sense both buying signals and making use of bots are not producing any big different results.

Newbies do mostly believe that this is something a money making generating machine which is totally bullshit kind way of thinking.

Yes, that must be a kind of misconception about bots. When they are coming know about how bots are working then probably they will come out of these belief. I am always seeing lots of people are suggesting about going for manual trading but people are always coming up with such questions on signals and trading bots in more frequent times.

[cyriljundos]

Yes i think it will help traders not 100percent accurate but it will give hint or knowledge to you and before you buy it you may first research about coin before you buy it. In order for you to be a good trader and not relying on bots and signals you may watch videos and research about different techniques on how to trade well and surely you can benefit from it.

[bitgolden]

In order for you to be a good trader and not relying on bots and signals you may watch videos and research about different techniques on how to trade well and surely you can benefit from it.

That must be the biggest advantage of modern internet world because we cannot imagine anything like that some 15 years back. These days people try to make use of both which must be a good thing in my opinion as well like new trading aspirants are making use of bots and in free time they are learning technical analysis by practicing in demo accounts side by side.

Beginners in trading must need lots of dedication on learning things; your level of interest will take you high level in success. Feeling lazy or not focusing with all interest may not help to become a successful trader.

[kapalmabur]

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,
of course both are free, and highly recommended for newbies, but to install bots for me I do not recommend,
because it is very risky for asset security we on the exchange, it's better to use the manual way to trade.

[doomloop]

No! That is a bad idea for a beginner in trading. Much better if they learn step by step in a right way. I mean learn the graph and the price movement by your own in actual for better understanding the trading and crypto market  instead of using trading signals and bots which is not useful for a beginners to learn and grow in this field.

I agree and there is a lack of confidence in your trades when you are completely reliant on someone else for your success. It is very similar to copy trading and it is not worth it because you are not using your own skills and hence getting more and more reliant on others. Depending on others for your own profit can turn out to be bad in the long run for many reasons.

1- Once they are good at what they are doing, they might increase the charge ultimately cutting your profits.
2- Some organizations always look for such individuals and if they hire them, you are basically out of trading because all these years you learned nothing.
3- Your signal provider might fade with the market moving so rapidly and you need to find someone else to rely upon.

So overall, trade yourself because others cannot carry for you long.

[JooBra]

I have been using market cipher and can tell you that it works fine. You just need to be able to follow the charts all the time. As far as bots concerned I don't use them I kinda don't trust them for some reason.

[lixer]

I think it's a bad idea to use trading signal and bots because it might hindered the learning process of a beginner. Maybe as a reference trading signal can be use. Remember that a trader should develop his/her own system that consistently made him/her money.

It also depends on the type of trader you want to be. If you want to be a high variance and a risk-taking trader then maybe these groups can help you because if even 1 out of 5 times they predict something good you can easily recover the loss in the other 4 trades and signals they gave.

If you want to be a stable and solid trader then all these groups, signals and tips will never help you. Neither of the two is better than the other but I would rather prefer solid and recurring profits than having high but inconsistent profit.

[Mahanton]

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,
of course both are free, and highly recommended for newbies, but to install bots for me I do not recommend,
because it is very risky for asset security we on the exchange, it's better to use the manual way to trade.

Also be careful with those free signals you do get because you cant just directly follow those without verifying for yourself if those are worth or considerable ones
or just simply trash or doesnt have any basis so you should need to be aware on what are the tips and hints your are reading on.
When it comes to bots then it isnt really bad to make use of it because its for automation and if you do just know on how to use
it then i dont see any harmful thing.

[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.

[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.