Better to have a trading knowledge than depending on signals.

[isaac_clarke22]

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.

I learned more in applying my knowledge in trading back in the days. I think that's more than enough for everyone on what to choose between choosing signals or having a trading knowledge. Having signals would just be another pain instead of just going to do your own research.

In cases of tight assurance, I would guess that would be the best for buying signals though, but it shouldn't be like a habit.

[hyudien]

Having trading knowledge is much more beneficial than relying only on trading signals. Maybe you entered a trading signal with some money or some signals worked for you but it doesn't give you any knowledge about trading. A sudden failure of this signal can lead to serious loss of your assets. To become a professional trader you must acquire crypto knowledge. Trading signals are often generated by third-party services. You can analyze the market yourself by knowing the trading principles, market dynamics analysis techniques etc. well and then come to investment decision. One must strive to make investment decisions based on one's own skills and gain one's own confidence and valuable skills.

If a trader continues to rely on signals, then when will they advance and when will they have good knowledge? because I see that most people like that are people who just want to be comfortable, in the sense that they don't want to try but they want to get benefits.
I will not blame traders like that, because it is their full right. But I only regret it when they can't develop later because they continue to rely on signals. The failures that we achieve through our own analysis can be a lesson for the future, we can know why we could lose and what went wrong from our analysis, and that can be greatly improved. Meanwhile, what experience will we get when we fail to follow the signal? we don't know what is the reason why our entry is wrong, because we don't do analysis and just follow.

[KingsDen]

It is not everyone understands the charts;
It is not everyone that is willing to take the pains of learning;
Some people wants it the smart way;
There is nothing wrong with signals if it produces results;
Even if it fails sometimes, we understand it's the nature of crypto;
The bad part of it is when the user has zero knowledge of trading;
But for a good or an amateur trader, signals can help because you already understand what is happening in the market;
For a total novice trader, signals isn't where they should start;
Both trading by oneself and using signals, people lose money;
So, everyone should choose what works for them.

[Huppercase]

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.

It's absolutely wrong and a bad practice to engage in signal, it makes a trader to be lazy without focus, it makes trader become unanxious of its trades, it make a trader become over dependent and the zeal to learn becomes a problem, once they are used to that practice of signal, it also becomes too difficult to convince them about the self trade practice and personal knowledge, this is why any trade that is willing to trade and plans to stay long in the game need to avoid free and paid signals, most of the time you may not make anything from these signals if you calculate the average trades in daily, weekly or maybe monthly.

[AbuBhakar]

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.

It's absolutely wrong and a bad practice to engage in signal, it makes a trader to be lazy without focus, it makes trader become unanxious of its trades, it make a trader become over dependent and the zeal to learn becomes a problem, once they are used to that practice of signal, it also becomes too difficult to convince them about the self trade practice and personal knowledge, this is why any trade that is willing to trade and plans to stay long in the game need to avoid free and paid signals, most of the time you may not make anything from these signals if you calculate the average trades in daily, weekly or maybe monthly.

I think you are describing a squammy trading signal that you can often see on public channel on telegram. Premium trading signal is different because they provide analysis in both TA and FA for the user to analyze themselves and decide if they will enter on not. The advantage of using premium signal is you will save time browsing coins that has a buying signal indicator since your subscription will do it for you. It will not make you but will cut you some time on browsing to the bunch of altcoins available in the market.

Self trade is not but it’s very hard to enter in the right coin if you are doing it by yourself due to the quantity of the choices available.

[SOKO-DEKE]

Sincerely, trading with personal experience is much more effective and trustworthy than relying on signals.Because many of these signals aren't always trustworthy, buying it sometimes just a waste of money because many people that do buy signals are complaining they don't always profit from the signals they receive. So what's the use of buying a signal if you're not sure if you'll make money from it or not?Get signal is not awful, but the truth is that it is unreliable; however, with personal experience , one can determine whether the signal is good to use rather than whether it is poor. Infact it eagerness to make quick money always the causes solidly rely only on signal.

[Dzwaafu11]

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.

I have a friend who disputes my claim that traders earn more money than investors, but I made it clear to him that I believed this to be untrue and told him to test their claim for themselves and see how it goes for crypto traders. However, it still surprises me when people think that traders make more money than investors. While some investors can gain money after investing for a long time, others may do so in just one month, it is very rare to see traders achieve the same results. This is because traders lose more money than they make, whereas investors can only invest and wait for their money to return with a profit. So

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!

However, depending on a signal can cause a crypto trader to become lazy because they will constantly be waiting for the signal to work, which I believe sometimes they may experience a very big lose. As a trader, depending on a signal is like sitting down and risking your money by letting someone else take it off. Although these signals are not as reliable as using your brain to conduct the proper analysis and obtain the desired results, this does not mean that traders cannot use signals; rather, they cannot be used in the manner that some people believe they should be used.

[goaldigger]

Trading should be learned by your own mind and have a good strategy on your own because this can bring you on a good place while depending on signal will just make you money in short term but in long term you’ll ended up losing the money as well. I don’t know why many sacrifices this instead of learning on their own, we should realize the importance of having a great knowledge about trading. I prefer to trade on my own, learn from my own mistakes than to depend on any signal.

[Quidat]

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.

It's absolutely wrong and a bad practice to engage in signal, it makes a trader to be lazy without focus, it makes trader become unanxious of its trades, it make a trader become over dependent and the zeal to learn becomes a problem, once they are used to that practice of signal, it also becomes too difficult to convince them about the self trade practice and personal knowledge, this is why any trade that is willing to trade and plans to stay long in the game need to avoid free and paid signals, most of the time you may not make anything from these signals if you calculate the average trades in daily, weekly or maybe monthly.

I think you are describing a squammy trading signal that you can often see on public channel on telegram. Premium trading signal is different because they provide analysis in both TA and FA for the user to analyze themselves and decide if they will enter on not. The advantage of using premium signal is you will save time browsing coins that has a buying signal indicator since your subscription will do it for you. It will not make you but will cut you some time on browsing to the bunch of altcoins available in the market.

Self trade is not but it’s very hard to enter in the right coin if you are doing it by yourself due to the quantity of the choices available.

Well, you are right into this on which if you are on a subscription then it would really be saving up your time on making up some research since the one would be making is the one you are following
which it is really that convenient but this one would really be having its toll because you would really be ending up on being that too dependent. You cant really be able to make it on your own on the time that you would really be deciding to go solo. There's really that an advantage for you to be on these vip groups or paid or whatsoever but this is really just that in exchange of being convenient.
But if you are that someone who is really that not having that interest on spending some sub fees then you would really be going into your own path which it isnt really that hard.
We know that information that we could really be able to know is really just a few clicks or taps away, somewhat it would really be needing that effort but its not something that you would
really be making yourself that exhausted and its all for free. 

[Bananington]

The argument is simple. A successful trader had to rely on tools at some point besides just the foundational knowledge of trading.
That's where the innovation of these signals come in.
Someone who depends on the signals first and then begin to trade, is either being self taught, plain silly or a millionaire with much money to spare.

Thank goodness for social media like Twitter and how it has helped those who don't have the tools, have access to the right information at the current time.
Get the knowledge anyhow you can, take few risk trade investment, use signals to do better after learning from errors during unsuccessful or loss trades. The wisdom is in knowing how to apply the knowledge.

[darewaller]

Trading knowledge is very necessary because signals not always work and as you buy signals so sometimes you have dual problems like your signals will be wrong so buying and selling will take place in wrong direction and your money will be wasted by buying wrong signals.

I think those who have complete knowledge does not have any need to buy signals because they are experienced and they know what should be your next step. Experts not always buy signals but actually they use their own mind which should be a better way of earning so try to learn by yourself so there will be no need of spending money on signals.

If we don't have a trading knowledge we will still not know how to operate a trading signal but both are not guaranteed that our trades are going to be successful because at the end of the day, we are only predicting here.

If we don't have a trading knowledge we will mostly rely on someone else signals but it's risky because like you said a signal can be misleading or we can end up joining a scam signal group. That will be a double loss for us because most of the times we need to pay for a subscription first to access them. This is why it's always better to learn on our own and if we are already knowledgeable, someone else signals will not make sense anymore to us.

[gabbie2010]

I lost a lot of money when I first started trading and didn't know what I was doing. I'm really stressed, and then I discovered a trading signal group to see if their signals work. When I back read, I noticed that their signals were functioning because they were posting it. It encouraged me to join, but I was still uncertain, so I extended my observation period, and then I understood that they were merely posting a signal that only works. And I'm not sure how many signals failed. That's why I made the decision to learn how to trade by participating in a mentorship program. I never regretted my decision because trading your own money is far better than depending on trading signals.

I also had a similar experience when I started trading cryptos it was a sad one because I got liquidated in few occasions while trading because I was trading via Cross and Isolated margin of course with a high leverage unfortunately I wasn't equipped with adequate knowledge and skills required to become a profitable trader, though I tried few of my strategies it's seems nothing works then, I also tried to follow trading signals unfortunately some of those signals is contradicting with my own, thereafter quit trading to learn all the necessary skills because from my research numerous hours of charting time and Price Action are some of the prerequisite needed to a become successful trader.

[bitzizzix]

You need a lot of knowledge and experience to be a successful trader in the long run rather than just relying on signals.
and if you start trading without proper knowledge most likely you will suffer losses so I advise you to first understand and learn about crypto market then start trading with small capital once you have enough knowledge and confidence with your skills. You can trade large amounts and within your means, and once you have solid knowledge, you can also use signals only to help your trades get better.

[tjtonmoy]

I take signals as a way to learn, not to depend on it totally. It is a great tool for you to compare your own analysis with it and learn from it. If you think you are making a mistake on your analysis, you can double-check that with a signal provider and adjust your strategy based on that.
Human analysis or signal/bot analysis will always have flaws and not 100% accurate! Remember, the market runs on trading. It's other people's sentiments and their decision to buy or sell which moves the market. It could change at any time, thus making the market unpredictable. This is the reason why we can never predict the market with 100% accuracy.

Why should someone only depend on something else? Do it yourself and in that process you will learn something which will be beneficial for your future. What if one day, signals are gone! Out of existence. What will you do then? This is the time when your raw skills will come handy. As long as it's in your head, no one can take that away from you. And trading should be fun. But signals takes that away from us.

[imamusma]

Trading signals are sometimes helpful, but sometimes they are fake. I don't always want to believe in trading signals because I tend to do my own analysis in making decisions. Paid signals sometimes also perform well because their analysis is done by experts, but they never guarantee consistent profits. I also tend to be more confident in what I do than what other people say. I am in charge of whatever risks I will incur in trading sessions, so I don't think relying on trading signals will make me more independent and solid in experience.

[Russlenat]

First of all, better to say what I've always said before, even before crypto, even when forex was new. Signals are not guarantee of profit. They CAN be useful if used together with strategy as a sort of alert to follow your strategy anyway.

Same thing for gambling, people sell all kinds of arbitrage tips and signals (like trading but with odds) and you won't make money if you blindly follow them.

Knowledge and strategies are certainly very useful in trading, as a trader can never be profitable if he only trade like gambling knowing nothing. Just like trading which greatly depends on signals, it can be profitable at some point especially if you are also knowledgeable and strategic at the same time, but trading relying on signals alone can never guarantee successful trading. The reason why a trader must be knowledgeable and skillful at first because that is a must when trading, otherwise we cannot expect trading to end up based on what we planned.

[Ziskinberg]

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!

Signals can be helpful when you are just about to start learning how to trade but it doesn't mean that we keep ourselves fully reliant on it otherwise, we never learn anything. Well, I'd never participated in paid signal, might be a different experience when joining free signals but for sure nobody went successful in having this stuff. As I come to leave from asking for free signals in the group, I've found myself confident in every decision I've made and see better results compared before.  Now I realized that it was better to have our own analysis rather than relying on others and besides, I am building confidence in what I do.

[Viscore]

I will not totally discourage a trading signal, that's if a good one is located. There are some that could be trusted, and there are some copy trade programs that are worth joining. But the best is to learn how to trade yourself, after all, you will be using your own hand to lose not that someone would cause the loss of your money.

Still, the question is, how many people have time for trading or can profit from it? It's easy to trade and be successful in your imagination than being practical, which is why they are looking for external help, and I will not blame them.

Buying trading signals can be good and a lot helpful if you come up with the right providers. Otherwise, you are wasting your own money relying from those paid signals that are no longer effective. This is why having trading education is the best key to achieve success and profitability in trading. You need to mold the knowledge within yourself and hone every skill that a trader needs. That way, even if the market suddenly crash, at least you know how to back up your trades and still end up successfully.

[TimeTeller]

I will not totally discourage a trading signal, that's if a good one is located. There are some that could be trusted, and there are some copy trade programs that are worth joining. But the best is to learn how to trade yourself, after all, you will be using your own hand to lose not that someone would cause the loss of your money.

Still, the question is, how many people have time for trading or can profit from it? It's easy to trade and be successful in your imagination than being practical, which is why they are looking for external help, and I will not blame them.

Buying trading signals can be good and a lot helpful if you come up with the right providers. Otherwise, you are wasting your own money relying from those paid signals that are no longer effective. This is why having trading education is the best key to achieve success and profitability in trading. You need to mold the knowledge within yourself and hone every skill that a trader needs. That way, even if the market suddenly crash, at least you know how to back up your trades and still end up successfully.

So far, I haven't encountered a really legit trading signal group that everyone talks about.
Let alone those paid trading signal groups. Most of them will exhaust your funds and you won't get anything from it.
Learn the basics, slowly acquire some tricks because experience will give you those tips.
Because even if someone is suggesting you to do such route, you won't understand up until you apply it in your trading activities.
Better be slow rather than in a hurry. You will incur big losses if you will not equip yourself on this market.

[Botnake]

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.

I learned more in applying my knowledge in trading back in the days. I think that's more than enough for everyone on what to choose between choosing signals or having a trading knowledge. Having signals would just be another pain instead of just going to do your own research.

In cases of tight assurance, I would guess that would be the best for buying signals though, but it shouldn't be like a habit.

Buying signals may bring a good advantage for beginner traders but that will never guarantee success in trading. The only way to make your trades successful and profitable is to acquire sufficient knowledge and develop your best strategies and skills as well so that even if you trade against the market condition, you will still have chances to overcome the loss. However, I don’t blame traders who also rely from paid signals, that’s also their strategy but it can be more reliable if they are also equipped with knowledge and skills when trading.