If they have the ability why would they sell?

[bittraffic]

Subscription is a good way to make a constant flow of money. That is an incentive to promote a group. And they could send the wrong signal too where they could tell their subscribers to sell while they go long.

But it is not new anymore, even in the Forex market there are signal groups scamming newbies. They are good though but I think they were just parroting the best tips from the best traders they know. Besides the exchanges themselves or the Tradingview itself are providing signals for traders.

[Sim_card]

1. There is no proof of certificate that shows that the group owners are professional traders.

Many of them are not professional traders but the claim to be,so that you can believe in them and subscribe to their signal. This group of trading signal providers does this as their business because they know that a lot of people are rushing into crypto for trading and they are so eager to make quick profit.

2. They might have other motives for creating such groups too.

Most of them have the motive to scams people because a trader will stay focus on trading and not to be sending trading signals out when he knows that he is after making profit.

What do you have to tell me?

Stay away from their subscription and don't fall for their trick. It is better that you learn every aspect of trading and build yourself by having the experience with little funds that you can afford to lose. Don't depend on trading signals rather depend on your skill to trade by learning.

[milewilda]

This is actually my first time creating a topic in this section called trading on the forum, I have a question in mind and I look for trading section so as to fit my question, and here I am.

Are crypto signal groups for real? I have friends that are into this stuff and I don't feel convenient with it because

1. There is no proof of certificate that shows that the group owners are professional traders.

2. They might have other motives for creating such groups too.

Since this groups are label premium signal groups, they are requesting some form of a monthly subscription, a friend said that most of them are inexperienced traders who are pretending to be a pro traders.

My second friend gave me a signal group and he claimed to be good, but you know, I prefer asking questions before taking any steps, there are too many scammers in and out of crypto world.

My common sense is asking me why will they create such group if they know how to be pro traders already? Like why can't they keep this to themselves and keep making their money? Why are they trying to help and getting subscribers in return? Just my own common sense like I've said. What do you have to tell me?

If they were really that profitable really, then they wont really be bothering themselves on having those kind of groups and having that kind of sharing up their methods or whatever analysis they do have which they could really be simply be able to make huge money if they wanted to which is more than on the amount that they could be able to generate when they are asking out for subscription fees. Using up your own common sense then you would really be able to say that it wasnt really that totally true that these groups or its owner are really indeed making some good trades but rather they do make out some extra income out of those newbies who
do really join up with those VIP groups but honestly we are all just the same on which we are just speculators, just like been said if they were profitable and even myself wont really be bothering on sharing up my trading analysis to others for some penny subscription. This is why never ever on my trading career path did really consider out on joining with these groups because you do really know that you could really make that
own trading analysis on your own without touching up these groups and its never been worth on paying up something just to make out some decisions.

[nurilham]

Are crypto signal groups for real?

Yep. There are free and paid group signals. Free group signals totally never guarantee about the accuracy of the signals. While paid group signals commonly show the testimonials about the quality of the signals. They also claim they have special reasons why we must believe in the signals. However, I personally never believe the signals both from free and paid signal groups.

1. There is no proof of certificate that shows that the group owners are professional traders.

They sometimes show the testimonials, but we don't know whether it is valid or not.
Even if they show some proof about their experience in trading, it is difficult to ensure whether they are professional enough or not.

2. They might have other motives for creating such groups too.

Of course. Some groups possibly promote certain crypto projects. They share good signals about certain coins, but the purpose is to attract people buy the coins. It is not rare cases, there are many cases about group signals promote certain coins. So, don't easily believe in the signals, we must have own research to analyze whether it is valid or non valid signals.

[Kelvinid]

My common sense is asking me why will they create such group if they know how to be pro traders already? Like why can't they keep this to themselves and keep making their money? Why are they trying to help and getting subscribers in return? Just my own common sense like I've said. What do you have to tell me?

It is the thing that we should think about these signals. They promise good/accurate signals to their clients which if we would really think, why not use it and make rich. Perhaps, it was a fooling strategy by scammers, in fact, nobody was able to make accurate predictions so why we should believe them either?

Generally, crypto signals are made to scam people, to scam innocent individuals. Very unfortunate but these greedy people will easily get fooled by those promising words and regret later.

[sheenshane]

Are crypto signal groups for real?

No, they are not, usually most of them get into a scam.
I heard so many negative cases about the crypto signal groups since I was here in the crypto space and I doubt they are the same.

My common sense is asking me why will they create such group if they know how to be pro traders already? Like why can't they keep this to themselves and keep making their money? Why are they trying to help and getting subscribers in return? Just my own common sense like I've said. What do you have to tell me?

You already answered your question, just because of money.
Think about this, if they can make a good profit in trading why not they can make their own profit without offering that kind of service to others?
Then, it makes sense that kind of group created to scam new trader.

[jeraldskie11]

My common sense is asking me why will they create such group if they know how to be pro traders already? Like why can't they keep this to themselves and keep making their money? Why are they trying to help and getting subscribers in return? Just my own common sense like I've said. What do you have to tell me?

Aside from helping people, they want to get money from us that's why there is a VIP signals. Honestly, they can get more money from their subscribers than in trading because those pro traders won't put huge margin on their trades even though their winning probability is high, it is their business to just analyze the market and get money from their new VIP members. They know by themselves that it will not always winning in trading but in selling signals is always win.

[terrific]

Are crypto signal groups for real? I have friends that are into this stuff and I don't feel convenient with it

Never been into it but just take it like this, there could be rarely few that are for real but majority of them are whole time trickster group.
With that I mean, they give you signal but that's just like the common analysis that a normal trader can do.

My common sense is asking me why will they create such group if they know how to be pro traders already? Like why can't they keep this to themselves and keep making their money? Why are they trying to help and getting subscribers in return? Just my own common sense like I've said. What do you have to tell me?

Your common sense is talking sense actually. That's where the part that most of them doesn't make sense, they won't make a group if they are profitable.
They don't have to send signals for their groups with a fee on it. They can just be busy all day long following their own signals and make money out of it.

[LogitechMouse]

Are crypto signal groups for real? I have friends that are into this stuff and I don't feel convenient with it because

No. Don't try joining with them unless you want to try, and experience it then share your own experience with other people out there who are curious about these trading signal groups.
I tried joining a few years ago. I think I paid around 5$ to join into it. To cut the story short, we who joined that crypto trading channel are receiving the signals a few minutes late, and by the time they shared it to us, the coin pumped already, so it's kind of useless. If you want to receive the signals earlier, you need to pay more. Such bullsh*t.

1. There is no proof of certificate that shows that the group owners are professional traders.

2. They might have other motives for creating such groups too.

That's why you don't pay them to entrust your money to them. You pay them, then rely on their signals just to earn profit? Again, such bullsh*t.

Since this groups are label premium signal groups, they are requesting some form of a monthly subscription, a friend said that most of them are inexperienced traders who are pretending to be a pro traders.

I can make my own signal group in Telegram, and put the word "Premium" into it. My point is anybody who knows how to create a channel can just put that word in the name of the channel. It's just quite unfortunate that there are still people out there who are falling into these crypto trading signal channel groups.

My second friend gave me a signal group and he claimed to be good, but you know, I prefer asking questions before taking any steps, there are too many scammers in and out of crypto world.

It's good that you're hesitant in joining. They might be good he said? Dare him. Let him pay the subscription for you since both of you are friends right?

My common sense is asking me why will they create such group if they know how to be pro traders already? Like why can't they keep this to themselves and keep making their money? Why are they trying to help and getting subscribers in return? Just my own common sense like I've said. What do you have to tell me?

Greed.

That's the main reason why they are creating such groups, and just to let you know, most of the people who are creating these crypto signal groups aren't pro traders. They're just regular traders who maybe has an inside access, or maybe they just have a huge amount of money that they can pump a coin with low volume in different exchanges.

What do I have to tell you? Don't join into these signal groups, or since you have a friend, like I said let him pay the subscription for you then share your experience with us.

[xSkylarx]

Just put your self on their shoes and think that why do they still manage a telegram group if they are earning enough in trading, and also doing monthly subscription to those members, it is really time consuming and for sure if you are already trading for long time you wont that kind of waste of time.

So meaning they are not profitable and they are asking money for others to earn more money. Though i dont see it as a scam but unless they arent teaching anyone like selling course that can help you then I would say it is just a scam.

[wxa7115]

My common sense is asking me why will they create such group if they know how to be pro traders already? Like why can't they keep this to themselves and keep making their money? Why are they trying to help and getting subscribers in return? Just my own common sense like I've said. What do you have to tell me?

And this is why most of us do not believe a word of those that own those kind of telegram channels, if something does not make sense then you can be sure there is something hidden from view, after all even if we assumed that a successful trader was sharing signals just to return something to the community then why do they have to charge for them?

A successful trader will have no need to charge for their signals as they are already successful, the fact they charge huge fees tell you this is their main form of income, and they do not earn anything out of trading.

[mindrust]

Are crypto signal groups for real? I have friends that are into this stuff and I don't feel convenient with it because me?

They are like book sellers. They promise you that they will make you rich but in reality, it is them who are getting rich. It is the good old scam where they sell you nothing for something. The victim on the other hand, wants everything for something. In the end he gets nothing and loses his “something”.

These telegram groups only have one aim: Scamming their followers. When they successfully do it, they will close the group and re-open it and do it again.

Since twlegram is kind of private, you won’t even know who scammed you and actually it doesn’t matter anyway. It is because if you joined that group and listened to these people, you should only blame yourself for being that dumb.

[TheUltraElite]

Your doubts are correctly placed. There is no doubt that signal groups are running a very organised scam on social media. Point is that very few victims will actually owe up and divulge the truth that they:
1. Paid for the membership  - the first scam
2. Fell for fake signals which have no basis - the second scam
3. Go for pump and dump as manipulated by the owners - the third scam

The above points are the reality of these scams and newbies don't do enough reading to avoid them. If someone really knew how the market moved why would they sell it at a price? They would use those signals on their own rather.

[benalexis12]

My common sense asks me why they would create such a group if they already know how to be pro traders? Like why can't they keep it to themselves and keep making their money? Why are they trying to help and get subscribers in return? I'm just being smart like I said. What do you have to tell me?

First, there are really many pretending to be pro-traders here in signal groups, especially in telegram channels; that is rampant, and the scammers are also rampant there. And I have never seen a legit signal group that made a lot of money there, but a lot of scammers have made money there because they have been victims of a lot of those signal groups. That's why extra caution and wisdom are needed there. Now to your question, why do they still do that? It is because there are still as many people who deceive people that they know they can victimize with sweet words and promises, and most of the people they victimize are also people who lack knowledge and have also been involved in greed.

[Dzwaafu11]

Are crypto signal groups for real? I have friends that are into this stuff and I don't feel convenient with it because

Cryptographic signals work, but don’t rely on them if you want to become a successful trader. Forget about them and concentrate on learning your skills. It will help you more than signals because it will make you lazy, and signals don’t work all the time. Sometimes they malfunction and make you lose. If you use your brain, you will not lose what trading signals will make you lose sometimes, so you can see that it is not that signals don’t work. But sometimes it doesn’t favour the user, and that’s why they said it's not reliable.

My common sense is asking me why will they create such group if they know how to be pro traders already? Like why can't they keep this to themselves and keep making their money? Why are they trying to help and getting subscribers in return? Just my own common sense like I've said.

Exactly. That’s what you need to consider first before joining people who use signals. If it really works as they want, they won’t disclose it, but since they are doing this to feed their pockets, there is nothing reliable there, and if they really do it for the sake of people to benefit since they also benefit from it, they won’t ask people to pay money since they have already successfully traded.

What do you have to tell me?

Don’t use signals to trade; it is not working, and it will not make you a successful trader but rather a lazy trader without the knowledge of trading.

[michellee]

They create the group to earn more money from people who subscribe to their signal. This will make it easier for them to earn money because they can gain the trust of the people who have joined their group.

Most of them are not professional traders because if they are professional traders, they may only get signals from other people. And we also won't know if they are real traders or just copied pastes from other people's signals. And they help customers only because they want to earn money from their customers who join the premium group.

It's better for you to continue learning to trade rather than joining that premium group. But you can also join free trading groups to get information that might be useful for you when you analyze the market. So be careful with all offers to join premium groups because not many are professional traders.

[rat03gopoh]

1. There is no proof of certificate that shows that the group owners are professional traders.

Usually signal owners post each of their entries in groups and people can conclude how often they close positions with profit results.
But yeah, no one can confirm whether the screenshots shared are belong to the owner or whether they're just forwarded from another signal group. Sensibly, professional traders wouldn't take money from noob traders that way.

[KingsDen]

What do you have to tell me?

Why are there traders who create trading signal groups and slowly sell signals to their members or charge fees for those who want to join their premium group? because as a trader he knows that it is easier to make money by selling his signals than using signals that are sold for his own trading, because there are still many traders who don't realize this, what they do is the same as bloggers who sell ebooks on how to make money from blogs.
I have joined both free and paid ones, the results are not much different and it could be said that it is stupid to continue to be in this group because the channel owner can make thousands of dollars from fees while members still have to struggle to make a profit, many signals of which don't work well.

Where I am not so certain about this trading signal of a thing is when a particular trader that is using a signal continue to use signal from that group for more than a year and up to two years. This simply shows that the signal that the trader is using is surely bringing profits because someone cannot continue to do an unprofitable business for more than one year. Does this therefore means that there are some signal groups that are very accurate at least gives profit more than losses at the long run.

I have also seen people who join these groups, but do not stay long in there and deassociate themselves.
Could it be that these are the people that are unlucky to make profit from these groups?
Maybe one day everyone will test these signal groups and they will not get new inflows again.

[Aanuoluwatofunmi]

1. There is no proof of certificate that shows that the group owners are professional traders.

It's not by certification that makes a trading group reliable and trustworthy, they can present as many as possible evidence to you to show they are reliable but all can be fake, we just need to understand the needs that using a trading group has it advantages and disadvantages, we need to by ourselves verify all informations giving to us on any platform we join in other for us to be more accurate in our trading and not totally depend on what we receive from them.

[EL MOHA]

My common sense is asking me why will they create such group if they know how to be pro traders already? Like why can't they keep this to themselves and keep making their money? Why are they trying to help and getting subscribers in return? Just my own common sense like I've said. What do you have to tell me?

This is not much of a reason that something is not legit because someone could have a certain knowledge of a thing and feels like since many are in need of it he could sell them out, a clear example is trading tutorials but for signal you know you’re in for something dubious most especially if they promise you that you will earn a lot from it. Once the profit they talk about like this is too much just avoid it because nobody loves you that much on the internet to share such a thing with you.

I tried joining a few years ago. I think I paid around 5$ to join into it. To cut the story short, we who joined that crypto trading channel are receiving the signals a few minutes late, and by the time they shared it to us, the coin pumped already, so it's kind of useless. If you want to receive the signals earlier, you need to pay more. Such bullsh*t.

This your story has actually made my curiosity strong again. Most at times I wonder if this people are payed by pump and dump token developers to help them boost the token. You will see them given signals to tokens that are mostly very new, yes I know that this kind of coins are the most volatile ones and Can easily pump but I am strong curiosity that they are paid by the project teams sometimes for some of them