Trading Signals vs Own Analysis

[Altryist]

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.

I somehow tried to follow these signals, the tokens I follow, to see how much my opinion coincides with these signals, but I will say that there was little useful in them. I noticed that very often there was empty content to maintain, and there was simply no point in following them. I don’t know if it’s possible to say that trading is similar to gambling, these are different things, and if we talk about spot trading, then trading is safer than gambling.

[Jody.Drummer]

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.

I somehow tried to follow these signals, the tokens I follow, to see how much my opinion coincides with these signals, but I will say that there was little useful in them. I noticed that very often there was empty content to maintain, and there was simply no point in following them. I don’t know if it’s possible to say that trading is similar to gambling, these are different things, and if we talk about spot trading, then trading is safer than gambling.

Yes spot trading is lower risk than futures. When trading spot we only have to wait a long time when we take a loss, and that is better than having to lose our money all at once. But that doesn't apply to all coins, because we have to see and analyze which coins we will buy. We must continue to analyze carefully, especially in a bear market where the existing coins may not last as long as the bear market. Therefore we can buy coins that have been around for so long and already have credibility.

[death69]

Oh, signals, the tantalizing tune of the trading realm! It's like trusting a wacky GPS that lands you in no-man's-land half the time, but you can't quit the thrill. As you said, no one's rocking that 100% accuracy, and even the top signal maestros are just winging it, if you ask me.

In my wild escapades, signals can be a blast, but bro, proceed with caution. It's like letting a magic 8-ball call the shots in your life—sure, it's a riot, but don't bank on it. Instead, take a step back, scour those charts, and hunt down your own primo trading chances.

So, let's give signals the boot and morph into our own trading navigators. It'll take some grind time to master the art, but with a hefty dose of patience and elbow grease, we'll rule the trading scene like we were born for it.

[disconnectme]

It is very important to know that some if not most of these Trading Signal gurus do not even trade on their own, if they do, they use you as their exit strategy, you will need to develop what works for you depending on your;

1. Level of discipline: this is very important because it allows you to stick to your trading plan from the beginning and it helps because it could be the difference between profit and a loss
2. Time: how much time you can devote to trading, this will help you to determine if you will be a day trader, swing trader, or a long-term investor
3. Analytical skills: This one you will continue to fine-tune with time just keep learning and you will get better

[usekevin]

Trading signals are created by third person based on their analysis,So we can’t be sure it will work.You should have your own strategies for the trading instead of following other people.You can practice trading by different low value as deposits.The amount of dedication you giving to the trading will helps you to learn trading all the basics.Once you made the candle analysis of the chart,you can place the blind bet.Surely it will gives good results,because you had place the bet based on the candle of the chart.You can take 5-6 months to create strategy based on the chart with candles.

[Unbunplease]

Trading signals are those signals that manipulators are well aware of. Therefore, false triggering of these signals is now not uncommon. Therefore, it is more reliable to use your own strategy - the main thing is that your strategy should be based on some real results, and have a certain theoretical basis.

[irhact]

Trading signals are created by third person based on their analysis,So we can’t be sure it will work.You should have your own strategies for the trading instead of following other people.You can practice trading by different low value as deposits.

Relying on trading signals from other traders is a waste of time if you want to become professional in your trading and also make a living trading cryptocurency. If others can make out time to understand the market and bring out signals, why don't you do so yourself instead of relying on them. What happened when they get the signals wrong and it makes you lose.

Signal providers aren't always right and when they make the mistakes they learn from it to improve themselves but you just copying and pasting the signals doesn't benefits in any way since you will be losing your money and not get any experience from that mistakes since it wasn't yours in  the first place.

[Questat]

Trading signals are those signals that manipulators are well aware of. Therefore, false triggering of these signals is now not uncommon. Therefore, it is more reliable to use your own strategy - the main thing is that your strategy should be based on some real results, and have a certain theoretical basis.

And it was best to make decisions on our own, not others nor these manipulators. These signals may useful for some things but can't say that they are reliable enough to rely on. We have to learn to do analysis somehow because this is the ticker for our success, not these trading signals. It is just like standing our own feet, making decision based of what we see on the market chart, not because someone doing it as we never know how clever they are in doing this or just for the sake of money.

[Patrol69]

You may have had some success based on other people's signals but most of the time you will end up with failure instead of success if you follow other people's signals. I never follow other people's signals. One thing I always convince myself is that if the signal I follow is a human being and he can have different ideas about signals then why can't I.

I will take my time and trust myself and then trade. Even if you fail in your own trading, there is a lot to learn, but if you depend on others to achieve success, then you can never learn from that success. So have faith and trust in yourself, try to learn about trading, apply your knowledge practically, I hope you will be a good trader one day.

[Taskford]

Why choose one if you can do both? Those two methods is really effective and you might be a effective trader if you use both on your trade. You always need to see on which of those things will work at the time you are trading since sometimes its really hard to understand how the charts pointing out so you need to do you own analysis base on other source you get and decide whether you go short or long on your trades. You just need to be came a resourceful trader since the more information you get to more higher the chance you became more relevant on the positions you take.

[xSkylarx]

Trading signals are those signals that manipulators are well aware of. Therefore, false triggering of these signals is now not uncommon. Therefore, it is more reliable to use your own strategy - the main thing is that your strategy should be based on some real results, and have a certain theoretical basis.

And it was best to make decisions on our own, not others nor these manipulators. These signals may useful for some things but can't say that they are reliable enough to rely on. We have to learn to do analysis somehow because this is the ticker for our success, not these trading signals. It is just like standing our own feet, making decision based of what we see on the market chart, not because someone doing it as we never know how clever they are in doing this or just for the sake of money.

It is like you are already 30years old and still your parents are still feeding you.Well it is okay to join trading groups but having following their signals is not worth it , it is okay to check their signals but you need to do your own analysis because it is useless to follow it without any basis but for sure those who follow those signal they will learn their lesson when that signal group got taken down.

[lixer]

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.

You mentioned sports betting because I thought it also involves analysis but we can also base our predictions on other people, if we are not confident about ourselves. There are lots of posts here about it for free and there are also paid ones in the groups. In sports betting, it's okay if our losses is more than our wins because we still enjoy the game but I don't think it works the same here in trading.

Trading is not an enjoyable act but making a profit can at least forget our hardships. Bankroll management is important because both acts (trading and sports betting) can trigger our emotion. When we are losing we tend to bet more than usual but the same goes when we are winning.

[puloweh555]

I prefer to do the analysis myself. Because sometimes joining a signal group is not always the best solution for trading. Sometimes, relying on trading signals from other people can make you lose control of your own trading decisions, which can result in losses. Indeed there are many groups of signals that are trusted and which are not trusted and it can confuse you, this can lead to bad trading decisions for yourself.

Instead, it is better to learn how to do your own analysis and develop your own trading strategy. By doing this, you can learn from your own experiences and develop your trading skills over time. This can allow you to make bigger profits in the long term, rather than relying on signals from other people. Overall, while joining a signaling group may be an option for some, doing your own analysis and developing your own trading strategy can pay off more in the long run.

[Lanatsa]

Trading signals are those signals that manipulators are well aware of. Therefore, false triggering of these signals is now not uncommon. Therefore, it is more reliable to use your own strategy - the main thing is that your strategy should be based on some real results, and have a certain theoretical basis.

And it was best to make decisions on our own, not others nor these manipulators. These signals may useful for some things but can't say that they are reliable enough to rely on. We have to learn to do analysis somehow because this is the ticker for our success, not these trading signals. It is just like standing our own feet, making decision based of what we see on the market chart, not because someone doing it as we never know how clever they are in doing this or just for the sake of money.

It is like you are already 30years old and still your parents are still feeding you.Well it is okay to join trading groups but having following their signals is not worth it , it is okay to check their signals but you need to do your own analysis because it is useless to follow it without any basis but for sure those who follow those signal they will learn their lesson when that signal group got taken down.

Checking out others signals and analysis isnt something that bad to be done but of course you should really be still depending or basing up with your own analysis when it comes to trading decisions.
SOmewhat if you do see that others analysis is somewhat that better or you do get convinced then its your choice to make.For me there are really times which i do make out some reconsideration
when it comes trading decisions or aspects.

Better to make yourself that able to learn along the way because if you are that someone whose that fully reliant into others then you would really be hardly to stand up on your own
on the time that they would really be gone.

[Kara3]

Nothing gives you joy when you can do things yourself,  what you just need is to pay for knowledge on how to trade yourself.
 Just as you have said, signals group can't gives you 100% accuracy, if you try yourself an failed, go back to your trading course an learn more, this time when doing it, you are doing it with experience, not as a novice.
The best you can give to yourself  is investing on getting knowledge about it.

[justdimin]

I somehow tried to follow these signals, the tokens I follow, to see how much my opinion coincides with these signals, but I will say that there was little useful in them. I noticed that very often there was empty content to maintain, and there was simply no point in following them. I don’t know if it’s possible to say that trading is similar to gambling, these are different things, and if we talk about spot trading, then trading is safer than gambling.

Yes spot trading is lower risk than futures. When trading spot we only have to wait a long time when we take a loss, and that is better than having to lose our money all at once. But that doesn't apply to all coins, because we have to see and analyze which coins we will buy. We must continue to analyze carefully, especially in a bear market where the existing coins may not last as long as the bear market. Therefore we can buy coins that have been around for so long and already have credibility.

This is why I do not trade futures at all, leverage and all that makes me worry too much. If I do like x100 leverage, that means I could lose all of my money with a single 100$ move, I am not favoring that and it sounds a scary thing. However, if I end up investing according to what I believe will happen, then it will be a lot better and it can change so much as well.

It is troubling to think that spot trading is less risky because of how much riskier futures are, the scary part is not spot trading, being less risky is good, the scary part is how much more futures is risky, it is not just a bit risky, it is not like if you lose 200 in spot, you lose 400 in futures, no. It means you lose 100 here, you lose it ALL there, that is huge.

[LUCKMCFLY]

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.

Such styles that join signal groups in trading are for me a nonsense. I've even seen influencers on youtube who make content like this to show that signal groups are real.

     I'm not satisfied with such things actually, you can't learn from that if you enter a trading. It's like what used to be like a child who was fed food and when his mouth was empty he would be fed again. If we are already able to tempt ourselves, why should we let them tempt us, that's called laziness.

That's why our own experience is still good for us to do so that we can learn and feel our own effort to earn in a traditional activity.

It should be noted that things here when dealing with groups, it is good to make comparisons, generally the groups that are trading for crypto are with many altcoins, which makes it difficult for me to analyze, the only thing that I analyze well and thoroughly It is bitcoin, for the rest I know that all the other currencies depend on the movements of bitcoin and only with this can you make some short-term predictions, because I understand that the groups of signals are for the short and medium term based only on the analysis I don't know technically, between one's own analysis and that of the groups, but I think that one's own analysis will always be better.

[Etranger]

Trading signals are those signals that manipulators are well aware of. Therefore, false triggering of these signals is now not uncommon. Therefore, it is more reliable to use your own strategy - the main thing is that your strategy should be based on some real results, and have a certain theoretical basis.

Doesn't it sound rather blurry and with lack of details? I agree with the general opinion that you need to rely on yourself and your strategy. But it works for those who already have their strategy. But again, it must be based on something. And what about newbies who are dealing with trading for the first time? What should they focus on if they consider that trading signals are unnecessary and only manipulate the market? They find themselves in complete obscurity, from which only their own experience can lead them. Who knows how many failed attempts it will take for a person to come up with a strategy for himself. The question is whether many will have the motivation and will to continue unprofitable attempts, not knowing when they will be able to come up with a strategy that they can finally rely on.

[Patrol69]

Trading signals are created by third person based on their analysis,So we can’t be sure it will work.You should have your own strategies for the trading instead of following other people.You can practice trading by different low value as deposits.The amount of dedication you giving to the trading will helps you to learn trading all the basics.Once you made the candle analysis of the chart,you can place the blind bet.Surely it will gives good results,because you had place the bet based on the candle of the chart.You can take 5-6 months to create strategy based on the chart with candles.

Undoubtedly, one should always have faith and belief in oneself for trading. We can never risk our money by trusting others. A minimum of own knowledge plays a very important role in trading. 

What is the guarantee that every signal from the person you receive the signal from will be true? If there was an opportunity to know about the market in advance then people would never have lost their money by investing and trading.  The market always moves according to its own movement.  No one has control over the market. 
But analyzing the market gives a little idea about trading where it is understood to some extent in which direction the market can go. 

We should all have that understanding. We should never risk our resources by depending on others.

[sana54210]

You may have had some success based on other people's signals but most of the time you will end up with failure instead of success if you follow other people's signals. I never follow other people's signals. One thing I always convince myself is that if the signal I follow is a human being and he can have different ideas about signals then why can't I.

I will take my time and trust myself and then trade. Even if you fail in your own trading, there is a lot to learn, but if you depend on others to achieve success, then you can never learn from that success. So have faith and trust in yourself, try to learn about trading, apply your knowledge practically, I hope you will be a good trader one day.

I think it is weird to see what a signal could show you and not do it yourself. Signals are indicators, if you can read the charts then you can do the same thing, so set a signal for yourself for when something happens and you can have your own signal. If you liked someone else's signal then all you have to do is just keep it checked for yourself, take the indicator behind that signal, and do it yourself and check if it works or not.

Not many people would be able to do that, but they should learn how to do that in order to make it possible. If you can be capable of doing something like that, then you will not need to check others signals and you will be able to do it yourself and make a lot more profit that way.