The danger of using online trading signals, for traders.

[Antotena]

Since I have been in to trading my highest losses come from trading signals . I thought I could build my capital through trading with others signals but I didn’t know I’m only making things more complex for me and stuff . Trading is complex which is true but doesn’t mean that there are no method to simplify it , that  is why we have trading strategies One can learn is not necessarily be your personal strategy you can learn someone else’s strategy then modify it to your taste and work with it .

You know the trading signals I hate the most, they are the ones people paid to get into get signals. I saw a post of a guy venting his frustration how trade signal he paid for ruined his life. To back up his claim, he shows receipt of payment he paid to the group so everyone can see and was angry that the things posted as win is might be one of the images from total trade they made which means they have other trades that may be like 7-9 losses but they don't show that to the public.

I know so many scope of traders that give signal, if you notice that traders are posting frequently that you should join his signal, that means the trader is not making much and he probably trying to raise capital to increase the position of his trade and when you see them become even aggressive about tradesr to join, that means that trader has blown his account and back to zero, most likely didn't use stop loss and all the money was liquidated, a lot of things afr going on trade signal which is why I don't trust them.

[Jaycoinz]

The issue is that some people are afraid of losing much money as a beginner so there choose to follow those online signals in other to get there profits but there don't know that is better to learn by trying to trade and get more experience than using online signals

If, as a beginner in the crypto space, and the first thought is to start trading, there must be something wrong somewhere. Trading is a game for the best players, and only those who are good at it will make profits from it.

Trading requires skills and effort, for someone who actually has good knowledge about trading can tell what a wrong signal looks like, not just to copy and paste. Knowledge is wealth; people don't go after knowledge, which is why they lose more than they should.

The only reason why people will have the confidence to copy signals and have the full confidence they would work out is that they actually lack the vision and understanding of how trading actually works. You say they are scared of losing money, so they copy trading signals from people that's the same thing as simply gambling away your money because there is absolutely no certainty. I have this mindset that everyone is out there to sell off their service and make money from the naive ones, and that's why they won't bother if you are actually losing money or not from the signals because most of the videos you see that gives people the confidence to go down this route are all fake or staged videos showing off their flashy lifestyle for newbies to get signals from them.

[Plutomanian]

There's nothing bad about taking signals but if that's all you do as a Forex trader with hopes to grow then you be are actually being very naive. You don't expect someone that doesn't know why a trade was called to know if an invalidation happens or if there's sake strike again in the market.

One thing most people refuse to agree to is literally almost everyone focused on copying signals are all in for the money. Taking Valid trades actually ought to be based on the information you are able to decipher from your chart not because of coordinates shared with you.

The market is not a place we come to joke rather it's a space for business and all seriousness. We should be able to practice what we've studied from signals and apply them to our daily trades. I wouldn't advise any one coming up to start trading with trading signals because that will only make you lazy and you won't be capable of executing trades without external help which is inappropriate. This is no longer the time to be holding on and wasting time but time to jam up and do what you feel is necessary.

Trading signals do help us to get acquainted with the market and how it operates do you know what trading signal doesn't help us to do? It doesn't help us grow with our own strategy because we're too busy and more focused on another strategy. The individual independence we're looking for will not be achieveable because we're copying trades and executing, I would rather learn to use mine and developed into a more formidable one.