Signal trap, a self-conscious scam

[TheNineClub]

I'm not really surprised that everything in crypto is a scam. Ok, not everything obviously, but every positive thing has numerous negative associated with it, and most of them is people trying to exploit those positive things as scams. Honestly, common sense would be not giving your money to things like that, but I guess people need to learn the hard way. Hope things change as crypto progresses on.

[Kontibruno]

My experience with a paid signal group made me almost hate trading. I lost my money and came out empty-handed because I relied on their "expertise" and didn't bother to learn how to analyze the chart and learn from mistakes. Luckily I met someone that rook me up and taught me the basics of trading.

My simple advice is that there is no shortcut to trading. Make out time to go and learn and see yourself grow to become a better trader with constant practice and subsequent experience.

[anotherdayyyy]

It is hilarious to see someone that want to go for day trading and like signals, that is just the dawning of its failure because the trader will surely lose and lose over time. Even if someone have to make use of free signyal, he must already been an expert, if not an expert, the person will definitely lose, whike paid signals are complete scam. What I just noticed is that there are good and bad time, many of the day traders will have no option again than to go for swing trading which is less risky but still risky, while some will become experienced and know holding will be better. It has always been good to learn trading by oneself, this is the best way to go, with time the trader will know the best choice after starting with very low amount of funds.

I have been in that kind of signal group once. at first, I was confused and thought, since they could garner so much money and do the perfect prediction, why do they bother to tell others? for charity? then one of the members added me and revealed the truth: if they call on us to buy the coin, it means the current price of that coin is comparatively high so the advocates could seize the chance and sell their coin to us! We are factually giving them money! that's really disgusting
be adherents of others is no good, learn more and judge by yourself. I believe most of these signals are trap, totally trap!

[UmerIdrees]

Prevention is better than cure, avoiding all groups is the best method. Even the so called trading groups where initially was just meant to be a common ground for traders has now been highjacked by shillers, shilling worthless crabs for their selfish benefits.

I have joined many signal groups and few of them are very good too. But i haven't joined any premium group. Some groups give proper technical analysis with the free signals. Some groups only give the charts and tell that this coin can breakout based on this chart and TA. Such group are helpful if you know the Technical analysis and not blindly follow the signals.

There is no need to join paid memberships because even in the paid groups, the signals won't hit 100% all the time. But joining the free channels can give you some insights of overall bitcoin TA, some news and some free calls. That's a good piece of knowledge for anyone like me who knows the TA pretty well.