Better to have a trading knowledge than depending on signals.

[GreatArkansas]

I'm not saying that subscribing to paid signals is not really good, it depends on the group you joined. Because there are some groups that paid but at the same time they are teaching their subscribers, or they are explaining why they end up trading on that pair.
This, is also helpful especially if you are learning it also, not only the signal.

[UchihaSarada]

I'm not saying that subscribing to paid signals is not really good, it depends on the group you joined. Because there are some groups that paid but at the same time they are teaching their subscribers, or they are explaining why they end up trading on that pair.
This, is also helpful especially if you are learning it also, not only the signal.

Paid groups are not all good groups.

If they give trading signals and call for entries to open trading positions but don't call for cut loss exits and don't have alarm notifications for their customers, they are not good signal groups.

Those alarms, notifications to their customers are very important when market turns bad and professional traders must close their positions, cutting loss to avoid bigger loss or worse forced liquidations. If those groups don't give you such messages, they fail to help you reducing losses and protect your capital. Following their signals will case serious loss some day.

[Sebas.tian]

Acquire crypto knowledge is profitable to traders, because it will help you to understand so many things that concerned crypto investment and it will also make you to know when to buy crypto and hold and when not to buy crypto than to maintain holding at the moment. Those that depend on signal in the community find it difficult to get the right signals, because they are too lazy to acquire crypto knowledge to become a professional in profits making in the community. If you have the knowledge of crypto trading, I think you will not panic about what is happening in the crypto market than to continue holding your coins until bullish market appear.

[Tony116]

Don't get me wrong. I am not condemning buying of signals perhaps it would be more accrue-able, profitable and less vulnerable for you if you're knowledgeable in crypto trading and  decide adding up with buying of signals if need be. Learning about crypto knows no boundaries.

Although it is the right of each person to decide, we cannot stop people from selling signals nor stop people from buying signals, but I think that behavior should be condemned. Because if we encourage this, it will cause many bad consequences for the market, such as many scammers will take advantage of that to create signal groups to scam newbies.

Self-study and self-trading are not guaranteed to bring profits because it depends on many factors and each person's ability. But at least we have more knowledge and experience after each fall, and if someone is smart enough, they can use it to generate profits in the future. But by relying on others, we will lose money and get nothing in return.

[wxa7115]

Don't get me wrong. I am not condemning buying of signals perhaps it would be more accrue-able, profitable and less vulnerable for you if you're knowledgeable in crypto trading and  decide adding up with buying of signals if need be. Learning about crypto knows no boundaries.

Although it is the right of each person to decide, we cannot stop people from selling signals nor stop people from buying signals, but I think that behavior should be condemned. Because if we encourage this, it will cause many bad consequences for the market, such as many scammers will take advantage of that to create signal groups to scam newbies.

Self-study and self-trading are not guaranteed to bring profits because it depends on many factors and each person's ability. But at least we have more knowledge and experience after each fall, and if someone is smart enough, they can use it to generate profits in the future. But by relying on others, we will lose money and get nothing in return.

This is nothing more but the proverb “Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.” put in action, newbies want to rely on signals as this is in their minds the easiest way to become profitable on the markets.

But even if the signals worked, which they often do not, then they will become dependent on them, and once the group closes or the money charged for the signals go up they will know nothing about trading and they will be unable to trade the markets successfully, something which is not a problem for the trader which learned how to trade on their own and does not rely on those signals.

[danherbias07]

Very good point!

I'd prefer it that way. I respect those who think they are making profits out of buying signals, it might be doing good for them. But I know a lot more people that are scammed this way.
So why not just learn it instead of asking what to do next? You save some money and maybe a headache. Leaning on something or someone else will not do us any good in the long run. What if they are suddenly gone? What weapon do we have afterward?
It's not like we are losing every day in trading, we fall then we learn. The experience will always be new. That's my point of view on how to do things when I realized that crypto trading is not something that is idle. It will keep on moving, upgrading, and changing, so we just have to adapt to it.
Having someone telling you what to do next is not adapting, it's called relying. There will be a point in our life where we cannot rely on anyone anymore.

[xSkylarx]

Acquire crypto knowledge is profitable to traders, because it will help you to understand so many things that concerned crypto investment and it will also make you to know when to buy crypto and hold and when not to buy crypto than to maintain holding at the moment. Those that depend on signal in the community find it difficult to get the right signals, because they are too lazy to acquire crypto knowledge to become a professional in profits making in the community. If you have the knowledge of crypto trading, I think you will not panic about what is happening in the crypto market than to continue holding your coins until bullish market appear.

Additional to that, for sure, they are lost when the market is on red if they are like holding for a coin that was said in their signal group and they don't have a concrete explanation as to why that is why it is better to have your own knowledge so that you only depend on yourself. Just imagine paying them to have that signal and why those owners do it if they can just be rich in trading and it is time-consuming for them to manage those groups. For sure, it has a hidden agenda on it as always.

[Nrcewker]

The best thing is to have work experience in order to make signals or analysis yourself, at least. I studied this for a long time, most often - on the demo account of the broker. And it gave its result, moreover, a good result.

Definitely, experience makes the work easier. But in order to gain experience, you need to start at some point, and as mentioned in the OP, knowledge is the key to everything. Yes, I would also suggest that you gain knowledge first before you start trading. As in trading, There is a huge risk of getting losses, and you don’t want to lose your hard-earned money in a second, so at first, take some time to learn the terms, the strategies, and how the market works, and then only trade. Moreover, sometimes the signals don’t work, and you blame the one who provided them.

[Dr.Osh]

well, it's better to have knowledge about trading than to depend on signals. it's just that, depending on the signal also has a pretty good effect until now. that's why there are still so many who depend on signals compared to deep learning about trading. besides that, signals are also something that is important in learning to trade, it's just that people are sometimes lazy enough to do analysis so they are willing to buy signals where they believe in the analysis.

[dansus021]

Yeah some people including me want a fast return and just by see a couple of ads on social media might drive to buy a signal  and think we are gonna rich. But the truth is not simple like that and now I delete all of my signal from telegram and focused on my trading knowledge and only trade on spot market only.'

Tho if you lose because of your signal base on your knowledge you will have the experience and when you win you will fell good about it

[Timmzzy]

There was a time i came across a POST where the OP. was just so depending on a signal group where he/she wont have to do anything but just seat out for the signal, meanwhile forgetting that this whole SIGNAL stuff is not how it is, on the other hand. I almost caught up with this belief sometime back when i was trading, but i said to my self is better to learn this stuff rather than wait for signals WHAT IF THIS SIGNAL STUFF CRASHED SOMEDAY this was just my thoughts 💭

[ItsCrafty]

well, it's better to have knowledge about trading than to depend on signals. it's just that, depending on the signal also has a pretty good effect until now. that's why there are still so many who depend on signals compared to deep learning about trading. besides that, signals are also something that is important in learning to trade, it's just that people are sometimes lazy enough to do analysis so they are willing to buy signals where they believe in the analysis.

According to my opinion, it is more important to understand that trading is more important for us than signals. Without knowing the fundamentals of trading, when you trade in the market,it is difficult for you to understand exactly what the current market situation is, the level of volatility, and what decision you should take. On the other side, trading signals provide valuable insights and analysis. Following signals can also provide a sense of confidence and guidance, especially for novice traders, although signals are not foolproof and can be influenced by biases or market conditions that may change rapidly but sometimes provide a pathway. So you first solidify your trading concepts, then compare your trade with them..

[lalabotax]

in my opinion, I personally would not be too hypocritical about this. indeed on the one hand learning about trading knowledge is very important before we really want to jump into trading activities. What's more, an understanding of trading is very complex, not only about technical analysis but also fundamental analysis, including various indicators and also analysis of current market conditions. it doesn't stop there, trading also requires emotional maturity and self-control of fund management and risk. well, on the other hand, sometimes we also need some inspiration that can be used as a consideration in taking a trading position or even when we want to carry out trading activities. One of them is by using trading signals. but once again we are not only guided by the trading signal but use this information as one of our considerations. Because after all there will be no trading signal that really works 100% for us.

[Litzki1990]

I honestly don't trust trading signals at all. Why should I risk my money depending on others? Does he have skills about trading that I should pursue? Maybe we can take some ideas from him to master trading ourselves but he asked to buy a coin and if we buy that coin on blind faith and hope for profit then it will not bring good results at all. Be confident in yourself and prepare yourself for trading. It will be very difficult for us to gain a complete understanding of trading but if we are patient and work hard to gain enough knowledge about trading then we will always be successful in trading. So those who buy different coins depending on others please stop doing this.

[Cling18]

I honestly don't trust trading signals at all. Why should I risk my money depending on others? Does he have skills about trading that I should pursue? Maybe we can take some ideas from him to master trading ourselves but he asked to buy a coin and if we buy that coin on blind faith and hope for profit then it will not bring good results at all. Be confident in yourself and prepare yourself for trading. It will be very difficult for us to gain a complete understanding of trading but if we are patient and work hard to gain enough knowledge about trading then we will always be successful in trading. So those who buy different coins depending on others please stop doing this.

Despite the fact that I have been trading cryptocurrency for a long time, I am still no expert in the field, and I have never relied on trade signals. Most of them simply want paid signal services, but we can perform our own analyses by conducting independent research. It's a challenging endeavor, but what matters is that we are able to complete it on our own without depending on purchased signals, which might only be a waste of money. The use of our own expertise and understanding when trading is important.
Trading requires a lot of studying, but if we are ready and willing to learn everything there is to know, we will be able to do analysis effectively and on our own. Only when we can save money and improve our job knowledge should we be willing to learn new things.

[milewilda]

Trading in crypto could be a difficult task that not so many persons involved in trading do actually make the kind of profits people assume that traders might be making when compared to investors that are only into HODLing. As a crypto trader a lot of serial capacity building in knowledge is needed on a daily as it is a necessity for sufficient and profitable crypto trading journey.

But, a wrong trend I observed among some group of crypto traders is that of a framework of so much interest in paying for trading signals stead of taking the pain in keenly learning  to build a robust knowledge about crypto trading.

As a trader that relies on buying signals, how confident are you about the continuous availability of those signals. Would they always be accurate and dependable?  Heavily depending on signals is parallel to same thing as someone else trading for you with your money. How ironical!

Don't get me wrong. I am not condemning buying of signals perhaps it would be more accrue-able, profitable and less vulnerable for you if you're knowledgeable in crypto trading and  decide adding up with buying of signals if need be. Learning about crypto knows no boundaries.

On the time that you would consider out yourself on engaging into trading or any investment then you should have the ff considerations;

1. Learn for yourself
2. Dont rely with signals or others calls and tips or hints - We are all speculators on here
3. Dont make yourself believe that there's a precise or assured strategies or methods
4. Dont make yourself in a hurry on learning things.

Just take up the process and dont rush up because learnings could really be gained through actual experience because mistakes and errors does usually a result into those people who are really
that taking up their assignment. Also, its not bad to snip out some idea from others but nothing beats out if you do really move on your own and doesnt rely on somebody.

[Issa56]

I'm not saying that subscribing to paid signals is not really good, it depends on the group you joined. Because there are some groups that paid but at the same time they are teaching their subscribers, or they are explaining why they end up trading on that pair.
This, is also helpful especially if you are learning it also, not only the signal.

You are right their are some signals groups which they will even teach you how to trade, and they are going to be dropping PDF books which you can read and tutorial videos which you can be watching, but we all know that just few groups are the once doing things like that. what most groups provide is BUY BITCOIN AT $28,500k, SELL AT $28,900K, STOP LOSS $28,400k. This is just typical example of what you will be seeing in most trading signal groups.

Acquire crypto knowledge is profitable to traders, because it will help you to understand so many things that concerned crypto investment and it will also make you to know when to buy crypto and hold and when not to buy crypto than to maintain holding at the moment.

Some people are in crypto space to learn and make money, why some people are in crypto space to make money alone. The once in crypto space to make money alone are the once that are looking for trading signals and they are the once that wont last long in crypto space, but people that are in crypto space for both knowledge and money are the real traders. why will be making money and you will find it difficult to acquire knowledge so that you wont depend on anybody.

[TheGreatPython]

As a trader that relies on buying signals, how confident are you about the continuous availability of those signals. Would they always be accurate and dependable?  Heavily depending on signals is parallel to same thing as someone else trading for you with your money. How ironical!

Don't get me wrong. I am not condemning buying of signals perhaps it would be more accrue-able, profitable and less vulnerable for you if you're knowledgeable in crypto trading and  decide adding up with buying of signals if need be. Learning about crypto knows no boundaries.

Learning is still necessary even if someone is buying signals or joining a premium group to get signals for trading because you will always need to know if the signals are actually authentic or not because most of these signal groups and crypto gurus are fake and running their businesses only to get money from poor traders who are not knowledgeable about the market and how things work.

I myself am not in favor of buying signals or joining these groups, it's your money and it should be you who would decide how it is used and which tokens and coins are traded with it, even if you face losses, it won't be an issue because you can recover it if you have learned how you can manage your trades.

[hugeblack]

As a trader that relies on buying signals, how confident are you about the continuous availability of those signals. Would they always be accurate and dependable?  Heavily depending on signals is parallel to same thing as someone else trading for you with your money. How ironical!

Greed is what makes the path of knowledge difficult and arduous, why do I start learning when it took me 3 to 6 months to master trading, however, trading is not guaranteed profit and there is someone who promises me guaranteed profit for 10 dollars, this person is reliable because he has more than 20 thousand followers or whatever the reasons. This same greed is repeated in different aspects of our lives. Instead of completing higher studies, we find ourselves diligent in the first job that achieves a quick profit.

Don't get me wrong. I am not condemning buying of signals perhaps it would be more accrue-able, profitable and less vulnerable for you if you're knowledgeable in crypto trading and  decide adding up with buying of signals if need be. Learning about crypto knows no boundaries.

Learning is one thing and application is another. When you learn and the turn comes to apply, you find yourself surrounded by psychological factors that force you to make the wrong decision, even if you have good knowledge of that. Trading is the last step after you have invested for several months because the market fluctuations are sharp.

[shivansps]

Trading in crypto could be a difficult task that not so many persons involved in trading do actually make the kind of profits people assume that traders might be making when compared to investors that are only into HODLing. As a crypto trader a lot of serial capacity building in knowledge is needed on a daily as it is a necessity for sufficient and profitable crypto trading journey.

But, a wrong trend I observed among some group of crypto traders is that of a framework of so much interest in paying for trading signals stead of taking the pain in keenly learning  to build a robust knowledge about crypto trading.

As a trader that relies on buying signals, how confident are you about the continuous availability of those signals. Would they always be accurate and dependable?  Heavily depending on signals is parallel to same thing as someone else trading for you with your money. How ironical!

Don't get me wrong. I am not condemning buying of signals perhaps it would be more accrue-able, profitable and less vulnerable for you if you're knowledgeable in crypto trading and  decide adding up with buying of signals if need be. Learning about crypto knows no boundaries.

This story is as old as the world, bro. Most people want to earn more money without putting in the effort. In simple life, therefore, people resort to fortune tellers, shamans and other, and in the crypt, people are chasing crypto signals. Of course, this is not the same thing, but the essence is clear.

Not everyone wants to delve into knowledge, spend a lot of time in analysis, study and gain experience, it is much easier to follow the crypto-signal. Everyone wants to earn without making any effort. I have nothing against crypto signals, if it makes a profit, then it works.

And most importantly - even the most expensive signals from the most successful traders do not guarantee anything!