Do not trust all types of traders or signal providers for trading.

[vs2014]

I would only trust someone who has a long transparent and verifiable track record. You can lose a lot of money to traders or signal providers if you can't find someone reliable. Avoid traders who use leverage quickly especially if you are brand new to crypto. This is promoted as a way to make quick profits. But the reality is that your assets can be wiped out very quickly using this method.

So my advice is to work with someone who doesn't use leverage and who has a real verification track record.

[ZAINmalik75]

I would only trust someone who has a long transparent and verifiable track record. You can lose a lot of money to traders or signal providers if you can't find someone reliable. Avoid traders who use leverage quickly especially if you are brand new to crypto. This is promoted as a way to make quick profits. But the reality is that your assets can be wiped out very quickly using this method.

So my advice is to work with someone who doesn't use leverage and who has a real verification track record.

Almost every trader on YouTube is using leverage. For them, it is not a problem if you can verify their profit records easily, then it does not matter if they have leverage or not. Because they are in profit. Although we should not be trusting anyone with our money, but 90% of us make the same mistake. Because we have to learn from somewhere, we visit YouTube and we find many channels and most of them are selling their premium groups, you visit their social media handles, join their free groups and end up buying their premium ones.

At the end of the day, you will make nothing, because most of these influencers are not even real. They are sharing signals from other groups and this is 100% confirmed. Not every trader is doing it some are real, finding them is not easy but after making huge lose, we finally came to realize, it is time to learn rather than depending on someone that's why learn from the start, why chosing to trust others.

[logfiles]

Why is someone looking for a signal provider in the first place instead of learning how to do technical analysis by themselves?
If for a second someone had very good working signals or trading strategies, why would he want the public to know about it, yet he can fully utilize them to make abnormal profits?

Just ask yourself if you discovered a money glitch where you are going to honestly make money without affecting anyone, would you let the world know, or would you try to sell the glitch for a few dollars? Hell no! 

[jossiel]

So my advice is to work with someone who doesn't use leverage and who has a real verification track record.

Work on your own and don't be dependent to anybody. If there are some good track records that you're following that specific person, that's nice.

But you'll have hard time in verifying if someone tells you the truth and that's why learning on your own is the best as you trade.

Get as much resources as you can but always verify and validate them when you're checking. Trading isn't just all about the charts and you have to exert all of the work to make your wins worth it and to be proud of.

[GreatArkansas]

So my advice is to work with someone who doesn't use leverage and who has a real verification track record.

Work on your own and don't be dependent to anybody. If there are some good track records that you're following that specific person, that's nice.

But you'll have hard time in verifying if someone tells you the truth and that's why learning on your own is the best as you trade.

Get as much resources as you can but always verify and validate them when you're checking. Trading isn't just all about the charts and you have to exert all of the work to make your wins worth it and to be proud of.

+1.
There's nothing wrong with these kinds of traders, especially for paid or unpaid, who share their trades or provide signals. What's wrong with me if you are just letting yourself rely on them forever? You are not helping yourself to learn, either.
I saw some signal providers before, paid/non-paid, who, along with their signal, explain why it is that, why is this, it's like sharing some lessons too with their subscribers.

[shinratensei_]

Never trust signal or even a PnL screenshots. Only trust on-chain data and you can do this if the person you followed is using hyperliquid. Signal are absolutely scam. Nobody in this world could know what gonna happen and if they do, they'd be working as a quant in a trading firm.
Signal providers' real revenue are newbies and random people who are naive enough to trust some random people in internet and expect someone they didn't know to give them consistent profit for a $5 entry fee. Just don't.

[LogitechMouse]

---
So my advice is to work with someone who doesn't use leverage and who has a real verification track record.

Quick money is on using leverage whenever you're trading. I don't know somebody that's an influencer that's focusing more on "buy-and-hold" alone, and don't trade on leverage.

Your advice isn't applicable to the majority of the traders because I can't even think of somebody right now that isn't trading on leverage. I mean who wouldn't if the money is on leverage trading. I like the advice though that avoid leverage trading especially if you're new to crypto because that's what the newbies MUST do at first. Never trade if you're just starting your crypto journey. Forget about trading first because it will always be there.

As for you OP, can you provide to us influencers or people that aren't doing leverage trading right now and has a real verification track record like what you said? Because I can't think of anybody, so giving one would be a big help for me as well.

[Alpen]

I would only trust someone who has a long transparent and verifiable track record. You can lose a lot of money to traders or signal providers if you can't find someone reliable. Avoid traders who use leverage quickly especially if you are brand new to crypto. This is promoted as a way to make quick profits. But the reality is that your assets can be wiped out very quickly using this method.

So my advice is to work with someone who doesn't use leverage and who has a real verification track record.

Copying signals is the biggest mistake. A strategy involves a whole series of trades, and you need to know all the nuances of how they're executed. You can't judge signals just by the win rate, since it doesn't account for the stop-loss levels. Losses can eat up all the profits from winning signals, even if there are far fewer losing ones.

If you copy the signals of a trader using a grid strategy, you'll be in the red 50% of the time, even when the trader is in profit.

I'm just listing the problems I've run into personally off the top of my head. There are way more issues with copying trades. Even a basic DCA strategy with proper risk management will end up being far more profitable than all the signals in the world.

[Kelvinid]

Do not enter trading if you end up relying to someone you know. But instead, learn to trade on your own until you master the technicalities in trading. Losses are part of trading, do not be scared on it, you won't learn if you never experience mistakes and losses when trading.

However, experienced traders often advised beginner traders to learn the market through spot trading and trade against using leverage to eliminate the risk of liquidation. With spot trading and risk management, beginner traders can withstand the market volatility to avoid losing the entire trading position.

[michellee]

Don't trust traders especially if you don't know them much but you can use their signal finding more info for your benefits. You don't use the signals without research further before decide. It is better you research by yourself even if you don't have much skills about trading. That will helps you improving your skills as you will learn more to find out more.

You can have good skills like those traders so you should not listen to them without research more. Most people just following others signals without verifiable and end by losing their money so you should avoid it.

[SmartGold01]

This should mostly be for the new traders who are trying to cope with the market and of course, anyone who already knows how the market works can actually trade using leverage, if they truly knows what they are doing. Majority of these YouTubers online do influences people who do not know their stance online or in trading and they are solely desperate of making profits while trading without them having to understand which market is better for them.

[goldkingcoiner]

I would only trust someone who has a long transparent and verifiable track record. You can lose a lot of money to traders or signal providers if you can't find someone reliable. Avoid traders who use leverage quickly especially if you are brand new to crypto. This is promoted as a way to make quick profits. But the reality is that your assets can be wiped out very quickly using this method.

So my advice is to work with someone who doesn't use leverage and who has a real verification track record.

The best way to go about it is not to trust anyone else with your money, instead learn Technical and Fundamental Analysis and start practicing on a testnet exchange. Otherwise there is no point in getting upset every time a third party loses your money. I mean, you were the one who gave it to them knowing the risks in the first place.

Also, leveraging is basically gambling. I would stay away if I were you.

You can practice trading with an exchange testnet or even use my own telegram bot: https://bitcointalk.org/index.php?topic=5540701 for spot btc/usd practice.

[TheUltraElite]

Signal providers are not be trusted, one can make such a group and easily get a good number of followers without exposing their own self. In turn they can spread across social media and ask for premium memberships at a cost, make money and not really do anything special.

It is a classic method of scamming people and the interesting part is that nobody can prove that the person scammed its followers.

Every context of influencing is essentially the same, to get the audience to buy your shit, even if it smells bad.

[Wapfika]

So my advice is to work with someone who doesn't use leverage and who has a real verification track record.

My advice is to learn too technical analysis so that you can verify the authenticity and quality of the signal you are following instead of blindly following anyone signal.

Professional trader call usually includes technical analysis such as indicator and pattern screenshot regarding how they come up with their call so that his follower can verify it on their own.

You are paying a premium to these services for finding out a signal on trade using technical analysis not by just following them with just pure words like buy this at price of blah blah without TA.

[rat03gopoh]

It's somewhat controversial, but I also believe that some free signal providers simply exploit subscribers to liquidate their trading profits. I recall a coin that has now collapsed, implicating a local influencer of mine who was suspected of manipulating paid followers to enter the coin's market.

The core advice is, if you're not good enough at TA, don't trade, just buy bitcoin and hodl. It never disappoints.

[tvplus006]

...So my advice is to work with someone who doesn't use leverage and who has a real verification track record.

The use of leverage by a beginner will lead to a rapid loss of the deposit. But if you try to trade using signals instead of learning how to trade, sooner or later you will also lose your deposit.One thing must be understood is that only we can succeed on our own, no one will do the work for us.

[jossiel]

So my advice is to work with someone who doesn't use leverage and who has a real verification track record.

Work on your own and don't be dependent to anybody. If there are some good track records that you're following that specific person, that's nice.

But you'll have hard time in verifying if someone tells you the truth and that's why learning on your own is the best as you trade.

Get as much resources as you can but always verify and validate them when you're checking. Trading isn't just all about the charts and you have to exert all of the work to make your wins worth it and to be proud of.

+1.
There's nothing wrong with these kinds of traders, especially for paid or unpaid, who share their trades or provide signals. What's wrong with me if you are just letting yourself rely on them forever? You are not helping yourself to learn, either.
I saw some signal providers before, paid/non-paid, who, along with their signal, explain why it is that, why is this, it's like sharing some lessons too with their subscribers.

That is so true.

If you're profitable with these signals and if they are real, you're benefiting on it in paper but you're not gaining wholly with what you should gain for your sake.

Start learning it on your own and be independent although nothing wrong if you outsource some info from them yet still have to make sure to validate that with your own effort.

[WatChe]

It's somewhat controversial, but I also believe that some free signal providers simply exploit subscribers to liquidate their trading profits. I recall a coin that has now collapsed, implicating a local influencer of mine who was suspected of manipulating paid followers to enter the coin's market.

The core advice is, if you're not good enough at TA, don't trade, just buy bitcoin and hodl. It never disappoints.

That is the best way to go with Bitcoin i.e. buy Bitcoin and HODL for long term. If you are going for trading then be prepare to bear loses because loses are part of trading no matter whether you are expert or newbie. The signalling groups must be avoided at every cost because there sole purpose is to gather money. If signalling groups can make someone rich then every subscriber of a signalling group will be a millionaire but its not the case. DYOR and use your brain to trade thats the only way to master trading.   

[Frankolala]

Anyone offering trading signals hasn't made good profits in trading but wants to make money from his trading signal. My reason is simple, nobody will want ti disclose his trading secrets that's giving him profit to anyone because he prefers to make money all alone. Beware of trading signal channels and learn how to trade yourself if you must otherwise, you are gambling at not trading.

[Faisal2202]

I would only trust someone who has a long transparent and verifiable track record. You can lose a lot of money to traders or signal providers if you can't find someone reliable. Avoid traders who use leverage quickly especially if you are brand new to crypto. This is promoted as a way to make quick profits. But the reality is that your assets can be wiped out very quickly using this method.

So my advice is to work with someone who doesn't use leverage and who has a real verification track record.

I have found a person who was not using leverage trading. Actually, I also did not like futures trading, so I left it, but I wanted to follow someone who was also not using it, although it does not make any big difference, because even if you are learning from a stock trader, you can easily find patterns and analyze the crypto market, so it does not make any huge difference if a futures trader is your mentor because you can still learn a thing or two from them.

Anyway, I made the biggest mistake by following that person. I thought I knew him, but I could not understand his words because he was commenting in very few words. They were unclear for followers like me, so one time I misunderstood what he said, or what he said was for the short term, and I took it as long term, but there was no word used to define the time haha, so I sold, and after that Near token pumped by 7x, I think, or 6x.

I just hate that dude now, and I do not follow anything he says. I even asked people around me who are in trading not to follow that person, haha.