If you must follow or use the services of trading signals providers

[tjtonmoy]

I absolutely would not suggest that at all. Everyone should learn to trade themselves, that would be much better for everyone without a doubt. In order to make it happen, you need to reach to a point where you could make as much profit as you possibly could.

Trading has both profits and losses. If you only focus on profits, your emotions will influence your judgment. You are not wrong about making profits, but you need to learn to lose too. If you think about profit even before you start, you will never get profit. Instead, you will be making losses. Learn the process first. In this learning process, you will make losses. That doesn't mean you should give up on it.

Learn the process and learn to lose. When you master it, you will be making more than what you have lost. It's a process and you have to trust it. Only then you can become a good trader.

[HONDACD125]

Trading has both profits and losses. If you only focus on profits, your emotions will influence your judgment. You are not wrong about making profits, but you need to learn to lose too. If you think about profit even before you start, you will never get profit. Instead, you will be making losses. Learn the process first. In this learning process, you will make losses. That doesn't mean you should give up on it.

Learn the process and learn to lose. When you master it, you will be making more than what you have lost. It's a process and you have to trust it. Only then you can become a good trader.

Of course, there are both gains and losses in the cryptocurrency market. We should always consider the pros and cons before making any decision. In any business we do, our first priority is to make a profit. Chances of loss are everywhere but our effort and hard work means to minimize the chance of loss and maximize the chance of profit. You are right that we should learn the trade first and in the process of learning we may face losses. When learning we should always trade with very small amounts. So that in case of loss we have more capital safe. Mistakes happen while learning but we should learn from our mistakes and try to make our profit rate better than our loss rate.

[Jody.Drummer]

While it’s helpful to follow trading signals particularly those that are given by professional traders, but on the other hand the risk of losing is also high as you might end up being scammed because you fall on fake signal providers. This is what mostly happening especially for beginner traders as they tend to satisfy their greed first by taking the free hassle method, that is relying their trades from signal providers. As a result, when these signal providers suddenly gone, they will also lose the chance to become profitable from their trades. That’s why trading on your own is the best solution not to fall from scams and ineffective trading tricks.

Well that's exactly right, in terms of risk it's the same. But it is true that this can help traders a little to expand their trading, and also those who choose to use copytrading are mostly from beginners who have just entered the world of trading, of course they choose this because on the other hand they do not have much knowledge as a trader and all they think about is just a profit without doing some market research or anything like learning from a mistake to be a little more advanced and create their own strategy. On the other hand I think it helps them a lot but I would say that it's not a good option for them to do on an ongoing basis. It will make them a loser trader who can only depend on others. I hope they will think about this, if they want to be a successful trader then they should go through the process that most people go through, because there is a lot we can refer to when we do it ourselves. Such as preparing their trading plan, setting stop loses, take profits and also creating various accurate strategies, all of which they can only get when they are willing to learn from a mistake. If they only depend on others then it is difficult for them to develop.

[red4slash]

I absolutely would not suggest that at all. Everyone should learn to trade themselves, that would be much better for everyone without a doubt. In order to make it happen, you need to reach to a point where you could make as much profit as you possibly could.

Trading has both profits and losses. If you only focus on profits, your emotions will influence your judgment. You are not wrong about making profits, but you need to learn to lose too. If you think about profit even before you start, you will never get profit. Instead, you will be making losses. Learn the process first. In this learning process, you will make losses. That doesn't mean you should give up on it.

Learn the process and learn to lose. When you master it, you will be making more than what you have lost. It's a process and you have to trust it. Only then you can become a good trader.

In every trade, profit and loss are 2 things that will always go hand in hand and cannot be separated. I agree with you that what we are really preparing for is not getting profits, but we must be prepared to lose.
Also keep in mind that, we will not always be profitable and will definitely feel a loss, but on the contrary we will continue to lose without feeling a profit. Yes that will happen when we trade without knowledge, and even if we get a profit it is luck in my opinion if we trade without knowledge.

Ok now back to the topic, I would not advise someone to trade with signals, even if it's the only thing that can be done, I wonder what kind of situation can make someone in a situation of one choice only?

[jaberwock]

Often trading signals are delayed, and by following them, you risk buying at the highest price. Speculators are well aware of such signals - they play well on the crowd's moods. Therefore, it is better to follow your own analysis and do not give in to the provocations of signal providers.

Maybe they process things manually? Even though the signals are great, it might still not work because of the delay. We can skip this and look for the automated ones but we can expect that they are not free. Well if you can afford it, why not? Maybe you can still recover what you paid for and make extra later on.

But, the last thing that you said is still the best. Nothing beats with our own instincts and I think it doesn't matter if it's a lose or a win because at least we know that we tried our best plus there is a room for improvement. And like you said, trading could work better against a crowd. I think that is true because it's not possible that many traders are going to win (make profit) compared to the losers.

[Lanatsa]

Often trading signals are delayed, and by following them, you risk buying at the highest price. Speculators are well aware of such signals - they play well on the crowd's moods. Therefore, it is better to follow your own analysis and do not give in to the provocations of signal providers.

Maybe they process things manually? Even though the signals are great, it might still not work because of the delay. We can skip this and look for the automated ones but we can expect that they are not free. Well if you can afford it, why not? Maybe you can still recover what you paid for and make extra later on.

But, the last thing that you said is still the best. Nothing beats with our own instincts and I think it doesn't matter if it's a lose or a win because at least we know that we tried our best plus there is a room for improvement. And like you said, trading could work better against a crowd. I think that is true because it's not possible that many traders are going to win (make profit) compared to the losers.

Following someone in terms of the trading recommendations or tips and analysis isnt that bad but of course you do really have that kind of risks on which it would really be leading into regret if you arent really that

mindful about the possibilities with those trading positions might be resulting into negative which would really be leading into that deep regret afterwards.Just like the rest been saying that nothing beats out if you
are really that depending or relying with your own analysis which could be done manually. We could eventually make use of those indicators and tools which those people or traders been using too on providing
with those signals and trading positions. It is really just that there are people who are really just that too lazy on dealing up with something and this is why they do decide that they would be following someone instead.

In overall, its up to your decision whether you would be paying up something on getting those signals or would really be definitely be depending on your own skills and wont really be paying up something.
It wont really be that worth i should say and its really not that different comparing with your own trading approaches too.

[Sanitough]

Trading signals are not accurate and are not reliable in most of the time. With how the market looks very volatile and uncertain, even trading signals from veterans or professionals still fail in the end, that’s why never rely on it if you aim not to experience consistent losses from your trades. Although there might be some trading signals that let you win in the start, but know that it won’t be happening forever. Probably you’re just lucky at first, but still end up losing just like any other traders that rely from paid or even free trading signals.

[Silberman]

Trading signals are not accurate and are not reliable in most of the time. With how the market looks very volatile and uncertain, even trading signals from veterans or professionals still fail in the end, that’s why never rely on it if you aim not to experience consistent losses from your trades. Although there might be some trading signals that let you win in the start, but know that it won’t be happening forever. Probably you’re just lucky at first, but still end up losing just like any other traders that rely from paid or even free trading signals.

I wonder how many of those signal groups actually predicted the price of bitcoin will go down when it did? As that is the kind of movement that can produce massive profits if you know that is coming beforehand, however I am sure that almost no signals group predicted this will happen, and the ones that can claim that they did are either lying or simply got lucky, with this in mind it is necessary that people stop daydreaming, trading is difficult and anyone that wants to make money with it has no other option but to study it for months.

[Sebas.tian]

Using signals for cryptocurrency trading is not advisable as a traders who want to go far in profits making in the market, because those that addicted to trading signal always find it difficult to earn well like the way other experience traders are earning in the market. Acquiring crypto knowledge to know how to trade by yourself in the market will really help you to reduce losses in trading, because with the trading knowledge you have, you will be able to know when to trade to avoid losses in the market which is the major challenges many crypto traders signals are facing in the community. Now that the price of cryptocurrency has decreased more in the market, it will be favourable if traders can continue holding for the price to increase higher before they can trade in the market.

[Awaklara]

Using signals for cryptocurrency trading is not advisable as a traders who want to go far in profits making in the market, because those that addicted to trading signal always find it difficult to earn well like the way other experience traders are earning in the market. Acquiring crypto knowledge to know how to trade by yourself in the market will really help you to reduce losses in trading, because with the trading knowledge you have, you will be able to know when to trade to avoid losses in the market which is the major challenges many crypto traders signals are facing in the community. Now that the price of cryptocurrency has decreased more in the market, it will be favourable if traders can continue holding for the price to increase higher before they can trade in the market.

I'm not sure that following trading signals can be addictive. maybe luck will come in 1 or 2 profitable trades. but the trades that are made will not always be profitable. even if the person making the signal is a real professional.
signals make it easier for beginners to be able to trade and even get profits. but everything will definitely have a price. if the signal given is a trade with a really good asset, maybe it can still be followed. but if it later refers to shitcoin, just be careful. this could be a booby-trapped scheme being carried out.

[Inwestour]

After you do this still it won't make you a better trader or give you any experience from trading. If you can spend time observing others trade record then you can spend time analyzing the market yourself. At first it might look boring but the more you do it the easier it gets and entertaining it'll be for you and you'll love analyzing the market so instead of running away from it, I'll advice you start making your own analysis today and learn trading well.

When you start listening to others judgement on the market you're already blindly following them as you didn't know how they came about the trade signals and you'll not learn anything from the trade if it didn't go as planned, depending on signals isn't the best way to trade.

It is not enough just to analyze the market, it is much more important to find profitable deals that will bring good profits. It is true that you must learn to look for these trades yourself, if you only follow someone's instructions, then this will not teach you anything and you will not be able to understand what was the reason for the loss on a losing trade, you will not be able to analyze mistakes and gain experience. It all loses any meaning, because you will not be able to achieve anything in trading.

[freedomgo]

If you must follow those trading signals providers, then you are bound to lose your capital. That’s probably the reality in trying to rely from those trading signals because you think that will ensure profitable trades.

There are no guaranteed profits in trading. Even professional traders lose from their well planned trades, so how much more for those beginner traders who are trying to make shortcuts and just rely their trades on other people? Trading is all about learning. The success of your trades will greatly depend on how you follow the rules in trading and on how you put some risk management into your trades.

[Ahli38]

If you must follow or use the services of trading signals which is not bad in itself you should do so smartly. By smartly, I mean that at the beginning it is all about following and understanding the thinking process behind those signals and learning everyday. If you insist on using them, do not do so blindly, validate each signal provider by putting in the work. Record their past four to six months' trades on a spreadsheet and check them on historical charts. After you have done this, you may now proceed to choosing the ones consistently in profit despite their losing trades. The advantage is that they will help you reduce your time spent in analysis. This is one of the best ways to make  use of or follow trading signals channels or services. What is your opinion?

The most difficult thing is to determine which channel really provides a quality signal and educates its subscribers very well. Because of the 10 paid telegram channels that provide trading signals, in my opinion, there are only 2 to 3 channels that are actually managed by people who are really good at analysis. And the rest they are just good at scribbling on charts and speculating and tricking newbies. I used to learn from many paid signal channels. From cheap to expensive. I do not take the signal they share. But I studied the analyzes they practiced to make signals. And yes, I get a lot of lessons from these channels. so that finally I can make my own analysis and develop it. The point is that we enter the paid signal group not because we want to be spoiled by the signals that are shared to save our time. But we enter paid signal channels with the intention of studying the analysis they use. But if we are busy people and we have found a paid signal channel that is very trustworthy, then it really doesn't hurt for us to depend a little on them. But I personally am not a busy person. Because I am a day trader, my activities are indeed spent on analysis and trading.

[Strongkored]

This is one of the best ways to make  use of or follow trading signals channels or services. What is your opinion?

This may be true because you only need to follow what is mentioned in the signal by first studying it but the drawback is that you will become choked on trading skills because it will gradually depend on the signal. The best thing traders should do is never rely on such a thing because like you it can be wrong than the signal too, but the mistakes you make will add to your trading skills because doing all trading with your own analysis.
Another thing I think spending money to join signals with no certainty of profit is another loss.

[CarnagexD]

This is one of the best ways to make  use of or follow trading signals channels or services. What is your opinion?

This may be true because you only need to follow what is mentioned in the signal by first studying it but the drawback is that you will become choked on trading skills because it will gradually depend on the signal. The best thing traders should do is never rely on such a thing because like you it can be wrong than the signal too, but the mistakes you make will add to your trading skills because doing all trading with your own analysis.
Another thing I think spending money to join signals with no certainty of profit is another loss.

Well, that's reasonable. Regardless of how good or profitable your trading signal provider is, if you don't know how to follow their plan, their risk management, their speed on execution on trades, then you'll gonna lose. Sometimes those small deviations or changes on their signals makes other people lose because they are simply not following it. They're not taking profit when the signal said so, they are extending their stoploss so they lose more hoping for their position to turn on their favor.

[Distinctin]

Trading is not actually relying from someone’s trades, but it’s simply learning on your own so you will understand how to navigate your trades despite of the market’s high volatility. Because if you keep following those trading signals providers, aside that you are not growing on your own, you will never learn too from your own experience in trading since you copy other traders experiences. That is why I don’t encourage people to follow these trading signals, they’re not accurate and they will only increase the chance to lose. Instead, go trade on yourself. Don’t mind your losses as they can be your gateway to success in the future.

[milewilda]

This is one of the best ways to make  use of or follow trading signals channels or services. What is your opinion?

This may be true because you only need to follow what is mentioned in the signal by first studying it but the drawback is that you will become choked on trading skills because it will gradually depend on the signal. The best thing traders should do is never rely on such a thing because like you it can be wrong than the signal too, but the mistakes you make will add to your trading skills because doing all trading with your own analysis.
Another thing I think spending money to join signals with no certainty of profit is another loss.

Well, that's reasonable. Regardless of how good or profitable your trading signal provider is, if you don't know how to follow their plan, their risk management, their speed on execution on trades, then you'll gonna lose. Sometimes those small deviations or changes on their signals makes other people lose because they are simply not following it. They're not taking profit when the signal said so, they are extending their stoploss so they lose more hoping for their position to turn on their favor.

This something means that you arent that knowledgeable or you are missing out yourself on learning with those basic fundamentals on which you should really be learning despite on making yourself following someone or into those providers.Its true that profitability will really be that affected if you do miss out on taking some actions on which had been mandated specially if the position is already on the positive or green/gaining side but since you do find out yourself that being greedy then you would be skipping out such instruction and you would really be going further until correction do hit up hardly on your face then this is where you would really be learning up your lesson on which this is a basic approach. Nothing beats out if you are really that making trades on a manual manner and if you do follow someone then it would really be that sensible that you should really need to learn
on what are those steps and methods on which those profitable providers had been showing on because not all the time that they would really be offering their service and its always been preferrable if you do know
on what you are dealing or doing.

[Finestream]

Since the beginning of my trading career, I haven't tried paying for trading signal services. I've seen that the most of them aren't really profitable because the majority of their indications fail to materialize. Most of them are only interested in making money off of other people. Other than that, risk management is highly important in preserving the funds in trading, but if the signals have a very low winning rate, your capital will be liquidated in the end. So, if you're going to trade using signals, make sure the person is profitable.

Even if you trade using signals from profitable traders, that will never do guarantees that you’ll also be profitable later on. But instead, you are augmenting your own risk to lose. No one is safe from losses in trading, even professionals cannot simply keep on winning without getting fair share of losses. That’s the reason why copying trading signals are not advisable. Instead, work on your own trades, at least you have something to reap when you are making good at it.

[guacamole1]

It's definitely a balance when it comes to trading signals. While they can provide insights, relying solely on them might hinder personal growth in trading skills. Making mistakes and learning from them does play a huge role in developing a solid strategy. And speaking of strategies, have you checked out Quantum AI? Its advanced features could be that extra boost to help you make informed decisions and potentially see those returns you're aiming for.

[Litzki1990]

It is more important for every trader to become experienced than to depend on others. A trader wants to but cannot blame that person if money is lost by taking someone else's signals. Signals should be taken for learning purposes but not directly for taking trades based on signals. We directly receive a trading signal and trade according to that signal but never try to do anything ourselves then we only have to depend on others. It is better to take the time to master the subject yourself than to depend on others. When a trader acquires a lot of knowledge about trading himself and tries to learn more about trading, he can give a good idea about trading to others. Instead of following others and blindly trusting others' signals, you have to trust yourself and do something yourself.