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

[Mpamaegbu]

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

Trading without leverage will look boring and slow. Apart from the fact that those trading on Futures can long or short a pair they want, trading without leverage will be like spot trading. Anyone trading without leverage is simply playing it safe. That's Fear of Loss. Trading shouldn't be tackled with fear but with the ability to manage one's risk. Trading is risky, no doubt and here's where Money Management (MM) comes in. Every trader should predetermine their Risk:Reward exposure before setting out to expose themselves. Risk management is very important, both in trading and in real life situations.

[barbara44]

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.

I mean, we might know someone personally but they might still provide a good insight. So yeah, we can still follow them and their info once we have done a background check and prove that they are not misleading people only for their own gains. And yeah, knowing that we can do a research, then why can't we just formulate our own strategies, right? That should benefit us more.

You can have good skills like those traders so you should not listen to them without research more.

We can study and practice but maybe it is also true that not all can be good as the other? Which is why there is always people that are above us.

Most people just following others signals without verifiable and end by losing their money so you should avoid it.

It is like gambling. I'd rather gamble on my own. That should give me more excitement and then no regrets or stress because I did not lose because of someone else.

[Alphakilo]

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

Trading without leverage will look boring and slow. Apart from the fact that those trading on Futures can long or short a pair they want, trading without leverage will be like spot trading. Anyone trading without leverage is simply playing it safe. That's Fear of Loss. Trading shouldn't be tackled with fear but with the ability to manage one's risk. Trading is risky, no doubt and here's where Money Management (MM) comes in. Every trader should predetermine their Risk:Reward exposure before setting out to expose themselves. Risk management is very important, both in trading and in real life situations.

To be knowledgeable about trading strategies and how to use them as much as how to read and interpret signals, is a skill that comes with much research and study, otherwise one would be half baked trader just copying and incurring more losses than should be.
Risk management is important and when following a mentor, it's good to actually follow someone with good track record and calm emotional demeanor, else you would be scared to ask for directions or even try out some risk you think is worth it during trading.

[Asiska02]

Starting off as a trader, once you focus on signal providers and looking up to that big profits these traders are making, it’ll make you distracted and not focus on building the knowledge you’ll use to make yourself better in the trading market. Their ways are attractive and can be convincing but all these are distractions of those are your focus starting off as a trader, focus more on your knowledge and you’ll also get there one day. We now have traders that do deceive people, that do things that actually feel compelling but they’re fake and lies, so know who you’re looking up to as a mentor or guardian to guide you through. Trading is real and the money is real, but first have the knowledge before you think of any other thing.

[Finestream]

One thing is certain, all traders are still losing, no matter how good or skillful they are. Its just that they managed to limit their losses because of their longer trading experience in the market, while those who are still beginners are still at loss consistently.

But are there traders reliable enough? Personally, you can't trust any trader in the market, but trust only yourself. What works for them do not hold guarantees that it will also work for us, so we have to find our own, unique ways to navigate trading profitability, not chasing those strategies of others.

[Strongkored]

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 actually think of not collaborating or trusting with anyone in trading, so I only seek knowledge from experienced traders, not relying on them or trusting their advice, for example, to buy coins under certain conditions.
Learn to be an independent trader, all decisions are made based on your own analysis, not suggestions from anyone, especially if you think joining a group is a good thing because most of them are just scam groups.

[cryptoaddictchie]

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.

If you are referring to those telegram calls that show signal of what to buy or position on futures then honestly dont follow. These guys are prolly liking to increase their subscriber by placing some calls and giving some fake results of their positions.

Obviously when someone quite believed on this they will be interested with such offers for a private subs with payment and next thing yiu know youre paying huge money off a lousy trade signal.

Better study own mechanism on trading and trade yourself.

[Webetcoins]

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.

This is very possible, we should consider this as a possibility, and there is definitely a chance that this could be the reason why they do what they do.

I know that it's not that common at the moment to see something like this, but we should realize that it's very possible. They just tell the people other side, and they dump on those people to make some money.

There aren't any decent signal providers anyways, most of them are fake and they just get it beforehand, and then share, then if it goes up, they sell.

[Issa56]

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.

Why should you depend on someone as a trader? If you really want to make money from trading, it’s better you do things your own, if you want to depend on signal providers, for how long are you going to depend on them? Is it not better you take your time to learn about it, and if you really understand it, then you can be making money without even depending on anyone for anything.

It’s just so difficult to identify real signal providers, most of the people you going to see now are just after the money you are going to pay them, and they have nothing serious to offer. As a trader thats new to trading, why are you going to make use of leverage? The risk in leverage trading is kind of high and newbies are not even suppose to go close to it, make sure you focus on spot trading to familiarize yourself with trading, before advancing to leverage trading, and if you will be making use of leverage during trading, then always make use of low leverage.

[Dzwaafu11]

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!  

This is what many trader Laci, as a trade why will you depend on another trade signal or strategy of how that trader trade before you can make your own money. Why don’t you just use your own knowledge to trade and make your own money since you claim you already has the knowledge.

many traders lack this understanding and it really affecting them, that is why you will see many traders are loosing money consistently when using another person signals, instead of using their own knowledge they prefer another persons pattern to make money from trading which doesn’t work that way.

As you said earlier no trader will make the public know how they make from there trading, they won’t publish their real strategy that fetch them such money we see they flaunt online.

[UmerIdrees]

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

Even with the most experienced trader, you cannot succeed in trading unless you yourself learn trading and know what you are doing exactly. Copy trading wouldn't be helpful in the long run, no matter even if you are copying trades of someone who have a goos sucess rate.

Also, not all signal providers are traders themselves. These days, since many people are in this trading field, you will find a lot of people who just gather money by providing signals, and that is their main source of income. For every successful signal/trade, they will make a lot of noise, while they will just remain silent or ignore the unsuccessful trades.

[Stepstowealth]

...

One question to ask is if you should even be trusting any other trader asides yourself?
Many trader easily trust the analysis of trader who are also teachers, because the feel that for you to be teaching, you must know a lot, but not all traders who are teaching know how to really trade and make money from it, this is why their teaching and courses are not free. You should try to develop yourself as a trader, so you take your analysis first, and become the person others can depend on, not you depending on others.

[Hamza2424]

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.

My advice is to never join such groups, no matter how much you have verified their track record. That is never enough because you are only seeing what they want you to see, so do not think that you know everything about them. Eventually, you will be with them, knowing the risks and making huge losses, while they will be making profit, and you will be cursing them haha. That is normal, bro. Do not follow anyone's trading style or copy trade, just learn from them. Listen to them, read their posts, and check the information they share because that is the only valuable thing we are going to get from them.

Avoid everyone if you want to trade. Do your own analysis and find your own entries and exits. That way we will build confidence, bro, and although that is not everything, it is sometimes more than enough when we are trading.