Better to have a trading knowledge than depending on signals.

[xSkylarx]

I would say, it depends on what we can do. If we haven't been able to analyze the market very well and produce results, then trading signals can actually help, as long as we don't depend so much on these signals and don't trust these signals 100℅ Because after all there is no signal that works 100℅. For this reason, it is obligatory for cities to have this understanding before deciding to jump into the world of trading. Because after all this is very risky and not easy to do or decide. In this case, how can we take advantage of every moment to be very good at analyzing from various sources and starting to narrow it down to get the right decision at that time.

Yes, but in the end, we still have to have knowledge about signals and also supporting knowledge to study price movements from signals. That's why I feel that knowledge about trading is very important. so that we can choose and develop the strategies we need when trading. for example, like you said. even when we depend on the signal, it requires knowledge to know whether the chart will go up or down. of course, it also requires data to support the analysis of chart movements so that we are confident enough in the decisions we have. Without knowledge, we may appear to be gambling in setting prices based on signals.

Right because it's impossible if we only rely on signals because still that requires knowledge too,
knowledge is the basic thing and as a trader it is a must have,
do not be lazy to always learn.

you can join signal groups without knowledge as they are just posting their bias or entries on specific coin that is why it is very attractive to the newbies that doesn't want to learn trading and just want to earn or trade in just one night which we know they rely on that signals as they think that those people behind it are very professional in trading. The problem with this is that of the signal group is gone what will you do now ? relying on them may beneficial in short term but in the long run youll struggle for sure

[Maslate]

I’m not an expert nor professional trader in the first place but paying for trading signals is not always commendable since trading signals alone are not always trustworthy. And the fact that you cannot get complete assurance that those signals are provided by professional traders so it’s certainly more risky to rely on them than to believe on your own ability to analyze the market well.

Trading has its own inevitable losses and believe me, the more you trade without personal knowledge and skills as a trader, the bigger the chances that you’ll be more susceptible to losses. That is why if you don’t want to familiarize yourself about trading and decide to stop learning because you believe that paid trading signals will make it happen, then you’re totally wrong. You should not be trading in the first place if you only rely for other people to trade for you.

[Minecache]

I’m not an expert nor professional trader in the first place but paying for trading signals is not always commendable since trading signals alone are not always trustworthy. And the fact that you cannot get complete assurance that those signals are provided by professional traders so it’s certainly more risky to rely on them than to believe on your own ability to analyze the market well.

Even if those signals come from professional traders, there is no guarantee that they will always be accurate or bring us profits. Moreover, if you are already a professional trader and can afford to make money in this market, do you need to open trading signal groups to ruin your reputation? Most of the signal groups are led by scammers, I haven't seen anyone who is really an expert.

Trading has its own inevitable losses and believe me, the more you trade without personal knowledge and skills as a trader, the bigger the chances that you’ll be more susceptible to losses. That is why if you don’t want to familiarize yourself about trading and decide to stop learning because you believe that paid trading signals will make it happen, then you’re totally wrong. You should not be trading in the first place if you only rely for other people to trade for you.

When we are newbies, trading ourselves or buying other people's signals, it all leads to loss of money. But when we trade by ourselves, we will accumulate experience, skills...which we will never get if we only rely on others. If we want to survive in this market for a long time, there is no other way but to arm ourselves with knowledge.

[Dr.Bitcoin_Strange]

but also not all trading signals are bad, but we must be careful to choose them so that the signals have a greater percentage of profits and can trade healthily

You might only get a few of those trading signals that are not scams, particularly those you would see being advertised on some social media sites, like Facebook, Twitter, and YouTube channels, and sometimes you wouldn't be able to even figure out the real one because you would see a lot of them. By the time you want to try them out, you will keep trying out different signals and encountering some losses until you might even get tired. Although the ones I feel might work a bit well are those of some exchanges that say you can copy the traders of other traders right in their exchange, although I have not tried them out, I feel they might be better than those other signals or groups that sell signals on social media. But whoever is using those signals should not just trust their whole fund on it at once; just put a little amount on it first to test it.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[armanda90]

There is not guarantee about correct signal for trading and better have knowledge depending on signal in trading, not sure about how percentage accurate with some signal recommended for trading and I think have knowledge about cryptocurrency and smart reading indicator is better than having recommended signal. Regarding with how many time joined signal paid premium but never guarantee to earn profit and always late getting profit after signal paid premium sharing their coins recommended to buy. Have knowledge and understand well about which one potential happen later with some coin project and good analyze when right time have to invest is better than depending on signal in trading cryptocurrency.

[nara1892]

I’m not an expert nor professional trader in the first place but paying for trading signals is not always commendable since trading signals alone are not always trustworthy. And the fact that you cannot get complete assurance that those signals are provided by professional traders so it’s certainly more risky to rely on them than to believe on your own ability to analyze the market well.

Even if those signals come from professional traders, there is no guarantee that they will always be accurate or bring us profits. Moreover, if you are already a professional trader and can afford to make money in this market, do you need to open trading signal groups to ruin your reputation? Most of the signal groups are led by scammers, I haven't seen anyone who is really an expert.

Trading has its own inevitable losses and believe me, the more you trade without personal knowledge and skills as a trader, the bigger the chances that you’ll be more susceptible to losses. That is why if you don’t want to familiarize yourself about trading and decide to stop learning because you believe that paid trading signals will make it happen, then you’re totally wrong. You should not be trading in the first place if you only rely for other people to trade for you.

When we are newbies, trading ourselves or buying other people's signals, it all leads to loss of money. But when we trade by ourselves, we will accumulate experience, skills...which we will never get if we only rely on others. If we want to survive in this market for a long time, there is no other way but to arm ourselves with knowledge.

Experience is the best teacher, that is a word I hear a lot, and if we relate it to trading then it is clear that experience is a very valuable lesson. But when we trade by simply following the signals, what lessons will we get? we don't even know what is an indication of why we have to make an entry at that time. I myself have seen signals several times, I see signals not for me to apply in my trading, but I will make a kind of comparison that I will analyze from the signals I get. Indeed, in this case we cannot claim that the analysis we are doing will be profitable, but that is better because there are lessons we will get.

[Hamphser]

I’m not an expert nor professional trader in the first place but paying for trading signals is not always commendable since trading signals alone are not always trustworthy. And the fact that you cannot get complete assurance that those signals are provided by professional traders so it’s certainly more risky to rely on them than to believe on your own ability to analyze the market well.

Even if those signals come from professional traders, there is no guarantee that they will always be accurate or bring us profits. Moreover, if you are already a professional trader and can afford to make money in this market, do you need to open trading signal groups to ruin your reputation? Most of the signal groups are led by scammers, I haven't seen anyone who is really an expert.

Trading has its own inevitable losses and believe me, the more you trade without personal knowledge and skills as a trader, the bigger the chances that you’ll be more susceptible to losses. That is why if you don’t want to familiarize yourself about trading and decide to stop learning because you believe that paid trading signals will make it happen, then you’re totally wrong. You should not be trading in the first place if you only rely for other people to trade for you.

When we are newbies, trading ourselves or buying other people's signals, it all leads to loss of money. But when we trade by ourselves, we will accumulate experience, skills...which we will never get if we only rely on others. If we want to survive in this market for a long time, there is no other way but to arm ourselves with knowledge.

Experience is the best teacher, that is a word I hear a lot, and if we relate it to trading then it is clear that experience is a very valuable lesson. But when we trade by simply following the signals, what lessons will we get? we don't even know what is an indication of why we have to make an entry at that time. I myself have seen signals several times, I see signals not for me to apply in my trading, but I will make a kind of comparison that I will analyze from the signals I get. Indeed, in this case we cannot claim that the analysis we are doing will be profitable, but that is better because there are lessons we will get.

Yes, experience is the best teacher and just like on my case on which im a self learn type of trader on which i have no one been relying on learning out about trading.Everything is really due to my hard work and

the time that i had put up on learning things on my own. Somehow i do snip out some idea of others on where it is really adding up on my overall knowledge and this is something that it is really a must thing to be done on the time that you are tending to learn up things. Having your own personal analysis ans strategies is much more better than on relying into others on which you wouldnt really be finding it to be regretable on the time that you have lost money on a certain trade. The feeling of regret is really that totally cant be felt since you do know that you have committed errors in towards your own method
and not just on anyones which mostly been people been considering.

[freedomgo]

Trading signals might be also useful provided that you are also making your own analysis in the market well. That way, you will not only rely from trading signals completely since you are also developing your best strategies while in trading. However, I have no against about paid trading signals but believe me, you can never rely on it every time you trade as not all paid trading signals are useful and helpful. That’s why you also have to learn how to trade on your own and develop your detailed working strategies when you decide to trade.

[Minecache]

Experience is the best teacher, that is a word I hear a lot, and if we relate it to trading then it is clear that experience is a very valuable lesson. But when we trade by simply following the signals, what lessons will we get? we don't even know what is an indication of why we have to make an entry at that time. I myself have seen signals several times, I see signals not for me to apply in my trading, but I will make a kind of comparison that I will analyze from the signals I get. Indeed, in this case we cannot claim that the analysis we are doing will be profitable, but that is better because there are lessons we will get.

This is also a very good idea, we probably don't need to stay away from signal groups altogether. In case if we are not sure about our analysis, we can also use some signals from others for reference and comparison to make the best final decision. It will be a perfect combination but remember, all are for reference only, and never believe them without any analysis. One more thing, signals are for reference only, if our analysis is entirely different from theirs, don't lose faith in yourself because of them.

[SirLancelot]

It's a must for every traders to have a knowledge about trading. Because if you decided to trade with an empty head about it then you're just gambling your hard-earned money. Hence, if you value your capital and would like to make it grow, it's necessary to follow the basic rules before engaging yourself in trading. That includes gaining knowledge since it is one of our key to succeed in this career.

On the other side, I have nothing against using signals if you're not really confident of what you know and just want to be certain. Signals might help but the question is, is it reliable? or you're just spending your money for nothing. If it's working then why not, but prioritize to have your own understanding about trading so you don't have to rely on signals or to anyone.

One should never rely only on signals, I would even say that traders should do their own trading with their own analysis and everything because you have your money on the line and you can't just risk it because someone else gave you a signal, even if someone wants to use signals, they should at least learn to trade themselves first so that they can check the authenticity of the signals provided because these signals are not always accurate.

So it is obviously important for someone to learn to do at least basic analysis and chart reading so that they don't lose their hard-earned money using signals from people who are earning money by them and don't really care if the users using their signals lose money or gain profits.

[DevilSlayer]

If you depend on someone else signals or someone opinion there is a high probability that you will burn your capital in a matter of time, can you win big by depending on signals and someone's analysis? the answer is yes but remember that trading is about possibilities and there is always a high chances of losing. Once you became dependent on someone else decision, your mind will be closed to learn new things, skills and knowledge. In the end you will be a parasite that will destroy yourself, I'm really against on joining on signal groups or depending on signals by some self proclaimed "best investor/trader".

It is really better if we will learn on how to trade by ourselves because in this way we will become independent and we can have confidence to execute our plans without help of someone else and also without the signals of others. Remember that there is no successful trader who depends on signals by someone else, their common traits is they plan, trade and execute by theirselves.

[mvdheuvel1983]

People who depend on trading signals without the patience to acquire the proper crypto trading knowledge are those who would lose a lot of money. Any people would agree that knowledge comes first and cannot be replace by something else. This is a personal thing though, but you spend or waste a time looking for trading signals to follow on telegram. You end you learning nothing, losing money. In summary any trader who does not know about fundamental and technical analysis coupled with trading psychology and risk management shouldn't even dare think about trading signals.

[Quidat]

People who depend on trading signals without the patience to acquire the proper crypto trading knowledge are those who would lose a lot of money. Any people would agree that knowledge comes first and cannot be replace by something else. This is a personal thing though, but you spend or waste a time looking for trading signals to follow on telegram. You end you learning nothing, losing money. In summary any trader who does not know about fundamental and technical analysis coupled with trading psychology and risk management shouldn't even dare think about trading signals.

They are really just that simply lazy and they do really like those things to get involved without exerting much effort or not really that much doing such work on which it would really be just that normal
that to those people who are really eager to learn would really be having that advantage later on time which to those who have not would really be still remaining as a noob in terms of trading knowledge.
There are really just those people who cant really be able to think up properly on what are the things should really be done for you to be able to learn up  trading on your own. Its not bad on following someone but you should really be obliging yourself to learn up on your own because on the time that you would really needing to go alone or you havent been following someone then this would really be the best time that you would really be testing up the knowledge that you had gained up earlier.

[nara1892]

Experience is the best teacher, that is a word I hear a lot, and if we relate it to trading then it is clear that experience is a very valuable lesson. But when we trade by simply following the signals, what lessons will we get? we don't even know what is an indication of why we have to make an entry at that time. I myself have seen signals several times, I see signals not for me to apply in my trading, but I will make a kind of comparison that I will analyze from the signals I get. Indeed, in this case we cannot claim that the analysis we are doing will be profitable, but that is better because there are lessons we will get.

This is also a very good idea, we probably don't need to stay away from signal groups altogether. In case if we are not sure about our analysis, we can also use some signals from others for reference and comparison to make the best final decision. It will be a perfect combination but remember, all are for reference only, and never believe them without any analysis. One more thing, signals are for reference only, if our analysis is entirely different from theirs, don't lose faith in yourself because of them.

Actually there is no problem being in that group if the goal is to make comparisons or add some insight that can be used as material for discussion. but indeed sometimes this is a little misinterpreted where indeed when there are so many beginners who are in the signal group they are fixated as if it could be an advantage for themselves when following the signal given even though looking at the conditions, actually what gives the signal is also the results of the research they did and it's a 50/50 chance. But for those who follow them with faith and hope that they will definitely benefit and that's what's wrong.

Experience is the best teacher, that is a word I hear a lot, and if we relate it to trading then it is clear that experience is a very valuable lesson. But when we trade by simply following the signals, what lessons will we get? we don't even know what is an indication of why we have to make an entry at that time. I myself have seen signals several times, I see signals not for me to apply in my trading, but I will make a kind of comparison that I will analyze from the signals I get. Indeed, in this case we cannot claim that the analysis we are doing will be profitable, but that is better because there are lessons we will get.

Yes, experience is the best teacher and just like on my case on which im a self learn type of trader on which i have no one been relying on learning out about trading.Everything is really due to my hard work and

the time that i had put up on learning things on my own. Somehow i do snip out some idea of others on where it is really adding up on my overall knowledge and this is something that it is really a must thing to be done on the time that you are tending to learn up things. Having your own personal analysis ans strategies is much more better than on relying into others on which you wouldnt really be finding it to be regretable on the time that you have lost money on a certain trade. The feeling of regret is really that totally cant be felt since you do know that you have committed errors in towards your own method
and not just on anyones which mostly been people been considering.

We have to realize that in conditions like now nothing is free and of course it's very rare to see people giving signals to other people when they really don't expect anything because that's really not going to be possible.
When we really want to trade, indirectly we also have to try to learn it. nothing is simple and nothing can be obtained simply with instant capital from other people because basically we only stand by ourselves for this kind of thing.

[AicecreaME]

I definitely agree.

I've experienced asking for a friend about his trading signals and I'm not satisfied with it, I mean the profits I was making since it's not always he's gonna give me trading signals. So I did some research, watched tutorial videos in YouTube, and trade on my own and I was happy with it, until my own laptop got broke and my internet connection in our are got pretty slow. So I quit trading for a while now, I'm just hodling and saving Bitcoin for now.

The point is that, trading on your own in the long run is much profitable than buying trading signals.

[Mauser]

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!

Aa a trader I have used technical analysis for over 5 years now. I visited a seminar on trading signals in the stock market organized by my university and bought a few books afterwards. Most financial assets move in cycles, there are bull and bear markets which can be identified by technical analysis. There are plenty of trading signals coming out of technical analysis than give a good indication if we should be buying or selling. I am confident that there will always be signals available we can use, the question is how reliable these signals are going to be. During times of high volatility in the markets we might see completely different signals by various indicators. The question than will be which we trust the most. Personally I find the short term trading signals the most unreliable and prefer to look at more medium focused indicators. These trading signals are always just a recommendation and I think that we also should focus on fundamentals to get a general idea of the current state of the markets.

[WatChe]

People who depend on trading signals without the patience to acquire the proper crypto trading knowledge are those who would lose a lot of money. Any people would agree that knowledge comes first and cannot be replace by something else. This is a personal thing though, but you spend or waste a time looking for trading signals to follow on telegram. You end you learning nothing, losing money. In summary any trader who does not know about fundamental and technical analysis coupled with trading psychology and risk management shouldn't even dare think about trading signals.

That's very much true. There is no easy money in this world, we have to make effort to earn it. In crypto the real effort is understanding the market and its fundamentals. Those who rely on Signals are the one who want to earn money without making any significant effort. There are not many success stories about investors getting rich via following Signalling group but there are countless stories about people losing money to these Signalling group. Its better to use your own mind rather then following these signalling groups since you will learn about trading in the long run.   

[Sanitough]

...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!..

As a rule, buyers of signals are beginners who lack trading skills and knowledge about how the cryptocurrency market works. And after a while, when they acquire the necessary knowledge, they refuse such signals, because they understand that he can independently determine the level of buying/selling.

I think that’s normal for beginner traders to rely from paid signals since they are not well capable to trade and expect bigger profits. The rule is, no one should be trading unless he’s knowledgeable and skillful enough to trade, but newbies fail to follow this because of their greed and hunger to make quick profits. That’s why they resort into trusting paid signals and when they start losing, that’s when they realized that paid signals do not work and are not reliable all the time.

[teosanru]

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.

Obviously yes, trading is very very difficult task. Signals are just for fooling peoples. Signals just provide you a very big idea that where is the action happening. After that you'll have to use your knowledge to make use to actually materialize the signals and actually make profit. So yes knowledge is very necessary for all the traders.

[bitgolden]

you can join signal groups without knowledge as they are just posting their bias or entries on specific coin that is why it is very attractive to the newbies that doesn't want to learn trading and just want to earn or trade in just one night which we know they rely on that signals as they think that those people behind it are very professional in trading. The problem with this is that of the signal group is gone what will you do now ? relying on them may beneficial in short term but in the long run youll struggle for sure

Joining signal groups would only result with upset in the end and you shouldn't do that at all. There is really nothing that would benefit anyone from any signal group ever, that's just not a solution at all. Too many people think that there could be a solution if they keep buying and all that but the reality is that you are not going to end up with a good result at all, it is going to be a terrible one.

I personally believe that the best thing about signals would be knowing how they figure those out, if you can find the way and not the path, that would be a lot better for you in the end. I think having your own "signals" is the way to go, you would be able to know what to buy and what to sell and that would be a lot simpler in the end.