Trading Signals vs Own Analysis

[EarnOnVictor]

I would always prefer using my own analysis to trade the market than choosing to use sigaml to enter the market.
The market is broad and sometimes it is good for us to use what we know to trade the market so that we will know what's happening in the market than going into the market blindly without any idea of what's happening so far.
If we keep using our own strategy, there is a time that we are going to be understanding the market better than before since understanding comes when we keep doing something continually.

Even if you are looking for some trading signals, you should still do an analysis to check how good this signal is. Because if you just copy these signals, you will lose your money. But if we deviate a little from this topic, then I see in my own example that hold brings better results than trading. I'm talking about bitcoin because I'm a long-term invester and I can already see the benefits of my investment, I'm sure that in the future it will be even more significant.

The best is to develop your own trading habits and be independent of anyone, but if you do not have the grace for that, it's not bad to seek external help. It's money we are all looking for, but one must be certain of the source of their information and signals. I've used some top-notch trading signals before I discover myself in the world of trading and I give about three signal providers kudos as their success rate ranges between 85-90% accuracy. I even learned how to trade through their daily trading advice.

This is not about the bullshit of telling you the entry and exit levels. It's about issuing a detailed daily market review and commentary.

[1714260174]

1714260174

[1714260174]

1714260174

[Jwest]

In my trading experience, I never started using signals. My own analysis works better for me.
I've tried trading signals from some couple of groups, I get liquidated easily.. I win less and loss more.
I feel more comfortable with my own anlysis.

[SOKO-DEKE]

In the past, what I did was joining 2-3 signal groups and buy/sell according to their instructions. However, I realized 2 points.

1. No one can generate signals with a 100% accuracy.
2. When the winning percentage is 80%-90%, we have to make use of all the signals to get that percentage.

For example, if the results are
1-Win
2-Win
3-Loss
4-Loss
5-Win
6-Win

and we only take 3,4 and 5 trades, we are in a loss. Therefore, now I am not doing trading all the day. When I am free, I spend some time to analyze the charts and find some opportunities to enter the trades. Please share if someone has a different story.

Even those groups who distribute crypto signals utilize their expertise to conduct their own analyses, so in that regard, I consider them to be similar to us.As a result, I prefer to trade using my own analysis because following a signal does not ensure success.

But occasionally, as novice traders, we require a signal to support our optimism when we consistently lose money.The best course of action, however, is to conduct our own analysis in order to avoid going in the same route as signal individuals when they keep losing. However, if you believe in the 70% success rate of group signals, I'll say it's alright.

[Inwestour]

The best is to develop your own trading habits and be independent of anyone, but if you do not have the grace for that, it's not bad to seek external help. It's money we are all looking for, but one must be certain of the source of their information and signals. I've used some top-notch trading signals before I discover myself in the world of trading and I give about three signal providers kudos as their success rate ranges between 85-90% accuracy. I even learned how to trade through their daily trading advice.

This is not about the bullshit of telling you the entry and exit levels. It's about issuing a detailed daily market review and commentary.

90% is very good, nine trades out of ten should be profitable, if this is true, then you probably already got rich well through trading? I had a question, why would someone share such successful transactions, and in what time period did you get such a result, a week, a month, a year? I understand that trading can make good money, but I also understand that not many people make money in this business, and I assume that those who have their own strategy will be able to earn money, and not just waiting for free signals from the telegram channel, or from somewhere else..

[DigitalDerivativesMarkets]

It is an interesting discussion.

There are few guidelines for choosing trading signals in any markets. We will say upfront that we are providing trade alerts. The majority of the signal services on telegram do not provide any type of track record.

If the performance of the signals is great, why not provide some track record of it? Second point, if a performance is provided, is just the performance just for several weeks, months or years?

Anyone can have a good month, several months and even a year. When you have a 3-year track record you will see how the trader handles the trades when the market turns against him consecutively.

Many buckle under the pressure and try to recover as soon as possible, which is a classic psychological error that often leads to greater losses.

Thirdly, as some already said, no strategy can withstand any market conditions. Any services that claim to have a 90% success rate or even 80% success rate should be taken with a pinch of salt.

Fourthly, some signal providers provide multiple take profit orders (TP1, TP2, TP3, TP4 etc.). Many followers struggle to decide which take profit to choose and how to manage the trade as some providers do not send any updates on their trades.

We have a +7-year track record in FX and commodities (mostly FX). In our performance you will see negative phases and positive phases. It's all there. For cryptocurrencies, the performance is still short but we trust our FX performance will act in our favor.

As we cannot upload any images, we invite everyone to review and comment on our (now free) Ethereum forecast that was published at the beginning of April prior to the Shapella upgrade.



Ethereum Forecast April 2023

[AmoreJaz]

The best is to develop your own trading habits and be independent of anyone, but if you do not have the grace for that, it's not bad to seek external help. It's money we are all looking for, but one must be certain of the source of their information and signals. I've used some top-notch trading signals before I discover myself in the world of trading and I give about three signal providers kudos as their success rate ranges between 85-90% accuracy. I even learned how to trade through their daily trading advice.

This is not about the bullshit of telling you the entry and exit levels. It's about issuing a detailed daily market review and commentary.

90% is very good, nine trades out of ten should be profitable, if this is true, then you probably already got rich well through trading? I had a question, why would someone share such successful transactions, and in what time period did you get such a result, a week, a month, a year? I understand that trading can make good money, but I also understand that not many people make money in this business, and I assume that those who have their own strategy will be able to earn money, and not just waiting for free signals from the telegram channel, or from somewhere else..

do take note that those free trading signals won't give you a very good outcome. even the paid ones are not getting support because later on, their subscribers came to find out that they are more on the losing side rather than on the winning side.
it is really advisable to learn on your own about those trading tricks. because each project has their own market performance. if you are just relying from someone else's advise, you won't truly understand how each coin behaves to certain factors.

[Ziskinberg]

do take note that those free trading signals won't give you a very good outcome. even the paid ones are not getting support because later on, their subscribers came to find out that they are more on the losing side rather than on the winning side.
it is really advisable to learn on your own about those trading tricks. because each project has their own market performance. if you are just relying from someone else's advise, you won't truly understand how each coin behaves to certain factors.

Actually, why do we should have to believe these signals when in fact, we know that the market is unpredictable in the first place. And besides, we know already that many people had suffered losses from following signals. Because if we think deeply, we can ask ourself why these people are offering help to others claiming that they can predict the right momentum in the market, why not use it personally and become rich? We can't fool ourselves if we don't let them manipulate our minds. Perhaps, it is possible to become better from them.

[Sterbens]

Actually, why do we should have to believe these signals when in fact, we know that the market is unpredictable in the first place. And besides, we know already that many people had suffered losses from following signals. Because if we think deeply, we can ask ourself why these people are offering help to others claiming that they can predict the right momentum in the market, why not use it personally and become rich? We can't fool ourselves if we don't let them manipulate our minds. Perhaps, it is possible to become better from them.

Most people today don't want to try and don't want to go through the process. They only think about profit, and in the end, they choose to depend on others by joining signal groups, without them realizing that huge losses are in front of them. I have experienced something like this, joined the signal group hoping to make a lot of profit, but yes as you already know, this is just a trick, three months following the signal from the group, apparently, my loss rate was getting bigger and bigger, I decided to do it myself with all the knowledge that I have. You can't run away from the journey you've started, enjoy the process, face the risks, and find solutions.

[beerlover]

Most people today don't want to try and don't want to go through the process. They only think about profit, and in the end, they choose to depend on others by joining signal groups, without them realizing that huge losses are in front of them. I have experienced something like this, joined the signal group hoping to make a lot of profit, but yes as you already know, this is just a trick, three months following the signal from the group, apparently, my loss rate was getting bigger and bigger, I decided to do it myself with all the knowledge that I have. You can't run away from the journey you've started, enjoy the process, face the risks, and find solutions.

That is mainly because we lost our attention span. Back in the day people traveled for months, even years to reach a place, then we improved on that and today we have planes, what took many years to travel, takes less than a day nowadays thanks to that. Imagine going from England to Australia just 500 years ago, that was the earliest days I think, and now think about it today.

This is just travel, it happened with our attention span as well. Just 20 years ago we had to wait for the tv show we like to air, nowadays we just watch it on netflix whenever we want, it got even worse people follow good scenes on tiktoks instead, in under a minute. So basically now we want to get rich that quickly as well, and not wait for it to happen in a long time.

[xSkylarx]

Actually, why do we should have to believe these signals when in fact, we know that the market is unpredictable in the first place. And besides, we know already that many people had suffered losses from following signals. Because if we think deeply, we can ask ourself why these people are offering help to others claiming that they can predict the right momentum in the market, why not use it personally and become rich? We can't fool ourselves if we don't let them manipulate our minds. Perhaps, it is possible to become better from them.

Most people today don't want to try and don't want to go through the process. They only think about profit, and in the end, they choose to depend on others by joining signal groups, without them realizing that huge losses are in front of them. I have experienced something like this, joined the signal group hoping to make a lot of profit, but yes as you already know, this is just a trick, three months following the signal from the group, apparently, my loss rate was getting bigger and bigger, I decided to do it myself with all the knowledge that I have. You can't run away from the journey you've started, enjoy the process, face the risks, and find solutions.

Basically they want to earn as soon as possible like if they have a capital right now they want to start trading by tomorrow and doesn't want to learn on their own that is why they will search on trading or signal groups to join and follow the signals. Others also tried to learn but they dont have patience and thinking that it doesn't work on them.Even if you found a signal group that lets say you have good wins in the last three months but after that they will vanished and gone how do you trade now right?

[Rigon]

In the past, what I did was joining 2-3 signal groups and buy/sell according to their instructions. However, I realized 2 points.

1. No one can generate signals with a 100% accuracy.
2. When the winning percentage is 80%-90%, we have to make use of all the signals to get that percentage.

For example, if the results are
1-Win
2-Win
3-Loss
4-Loss
5-Win
6-Win

and we only take 3,4 and 5 trades, we are in a loss. Therefore, now I am not doing trading all the day. When I am free, I spend some time to analyze the charts and find some opportunities to enter the trades. Please share if someone has a different story.

I basically do trading most of the time. I do more trading on futures trading platforms than spot trading. But I never follow signals given by others I do market analysis on my own and trade on personal analysis. I found that I won most of the time. I lost on the trading platform in a very short period of time. I have seen in various places that those who trade following the signals given by others lose the most. If I lose from my own analysis, it is not difficult to accept it, but if I lose from the signals given by others, it is very difficult to accept it.

[shinratensei_]

...But if we deviate a little from this topic, then I see in my own example that hold brings better results than trading. ..

The hold will bring more profit only if you are a bad trader. In this case, it is better to hold your coins than to lose money regularly. When you are a successful trader, your profit will be many times more from trading than if you just hold bitcoin.

well in this case isn't it just the same as investing in general? since basically investing is holding the coin that you see the potential and hold it for long term until opportunity of selling arises, i'd say there are indeed many cases of investing that turns out to be massive value generating. i'd also easily said that investing is certainly makes sense than just trading in general, mainly because with trading you need to watch 24/7 and go against the whales. but with investing you just following the flow, so you will certainly have lesser difficulties. i honestly rarely seen some real succesful trader that could make massive profit consistently, it's always either they make good profit and they lose it the next day.

[Peanutswar]

The most ideal decision right here is to study how does the trading, fundamentals, analysis works because not all the time you are getting dependent to the peoples signal only in that case you can now make a decision at your own if you getting dependent on other users I guess must ideal is to deal with the copy trading with no hassle and let other traders trade your positions.

[jeraldskie11]

The most ideal decision right here is to study how does the trading, fundamentals, analysis works because not all the time you are getting dependent to the peoples signal only in that case you can now make a decision at your own if you getting dependent on other users I guess must ideal is to deal with the copy trading with no hassle and let other traders trade your positions.

Most traders, especially beginners, underestimate the importance of fundamental analysis in their trading strategy. That is why many traders suffer significant losses. To maximize your chances of winning trades, you must combine fundamentals with technical analysis.
Copy trading is ideal for people who are too busy or don't know how to trade, but we must choose carefully who we want to copy, preferably a trader with a high winrate and pnl.

[Strongkored]

In the past, what I did was joining 2-3 signal groups and buy/sell according to their instructions. However, I realized 2 points.

To be successful when you follow a signal from a random group is when opening and closing trades, unfortunately, channels like that are just an association of traders who are trying to manipulate the market by influencing other traders to enter these pairs which are actually the channel owners and their friends have already entered the market and they only need other traders to enter to make the price go up and they will sell with profits, even when you also follow paid signals it doesn't guarantee 100% profit, that's why traders will be better off starting trading based on their own analysis by studying the market instead of depending on the signal like that.

[DevilSlayer]

I do not really advise joining in trading signals or subscribing in premium groups because it teaches tradet to be dependent on someone else, you cannot learn any confidence that can help your decision making skills to improve and you can also incur losses because it is inevitable. There is no perfect system in trading because it is purely probability game. Most of the trading signals and whales group are 98% scams because they are purely focusing on how they can get members because of the fee and not giving enough service for their member.

It is really better if you are the one who will do the own analysis, remember that your success in trading rely to you it means that you are the own creator of your trading career. It is your own fault if you became failure in trading so make sure to take responsibility of yourself. Forget about joining signal groups because it will make you dependent on someone else like a parasite. Build your career by learning trading by yourself through researching and reading a lot of books that related to trading psychology and technical analysis.

[Etranger]

Actually, why do we should have to believe these signals when in fact, we know that the market is unpredictable in the first place. And besides, we know already that many people had suffered losses from following signals.

Sure, the market is unpredictable, but if to think so, then trading becomes irrelevant at all, because you will think that it is more like a gambling and probably decide not to take part in it. However, if we agree that trading can be somewhat rationalised and stabilised, then we have to admit that trading signals can be useful in any market condition, including unpredictable markets as a tool to help traders make informed decisions.

One approach to using trading signals in unpredictable markets is to combine them with other types of analysis, such as fundamental analysis or sentiment analysis. Traders can use trading signals as one piece of information among other indicators to form a more comprehensive view of the market. Another approach is to adjust the settings or parameters of the trading signals to better suit the current market conditions. We just don't have to see them as some panacea which tells you exactly when to buy or sell

[tvplus006]

...i honestly rarely seen some real succesful trader that could make massive profit consistently, it's always either they make good profit and they lose it the next day.

Of course, there is no such trader who does not have unprofitable trades. But the very principle of successful trading is that there should be fewer such unprofitable transactions than profitable ones. Only in this case, it can be considered that such a trader is successful.

[rojan]

In the past, what I did was joining 2-3 signal groups and buy/sell according to their instructions. However, I realized 2 points.

1. No one can generate signals with a 100% accuracy.
2. When the winning percentage is 80%-90%, we have to make use of all the signals to get that percentage.

For example, if the results are
1-Win
2-Win
3-Loss
4-Loss
5-Win
6-Win

and we only take 3,4 and 5 trades, we are in a loss. Therefore, now I am not doing trading all the day. When I am free, I spend some time to analyze the charts and find some opportunities to enter the trades. Please share if someone has a different story.

I basically do trading most of the time. I do more trading on futures trading platforms than spot trading. But I never follow signals given by others I do market analysis on my own and trade on personal analysis. I found that I won most of the time. I lost on the trading platform in a very short period of time. I have seen in various places that those who trade following the signals given by others lose the most. If I lose from my own analysis, it is not difficult to accept it, but if I lose from the signals given by others, it is very difficult to accept it.

Profit in spot trading is little but there is no possibility of losing all money in spot trading.  You can make a lot of money from futures trading and if you make a mistake then there is a chance to lose all the money. But it is better if you trade with your own thoughts. I also trade with my own thoughts.  Seen the amount of loss is more than the profit. I never like future trade because I have lost a lot of money from futures.

[Japinat]

...i honestly rarely seen some real succesful trader that could make massive profit consistently, it's always either they make good profit and they lose it the next day.

Of course, there is no such trader who does not have unprofitable trades. But the very principle of successful trading is that there should be fewer such unprofitable transactions than profitable ones. Only in this case, it can be considered that such a trader is successful.

This is very similar to sports betting. If you have more wins than losses, you can ensure that you'll be in profit. I'm talking about bankroll management, as it's also applicable in trading. However, the best way to be consistent in trading is to rely on our personal analysis, as that will help us grow, as opposed to just relying on signals from so-called experts.