The danger of using online trading signals, for traders.

[Felicity_Tide]

No one goes about falling victim to trading signals subconsciously.... It's either you deliberately go looking for one, or just happen to come across a random one that catches your attention. For people who clearly understands the risks that trading possess, should be able to also understand that signals from third parties are not always 100% efficient. Choosing to rely on third party trading signals should be a decision that every decider most learn to accept its consequences.

Fine,. there might be a few platforms that offers something good, but the risk involve lies in the hands of the taker. I strongly believe in learning for oneself, and not entirely dependent on someone else. But everyone has personal decisions to make.

[Mia Chloe]

~snip

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.

[Smartvirus]

No one grows by cutting Conner so , the reason why traders should not use online trading signals because this act can lead to you losing huge capital before you could even realize which will be too late and the worst of all there is high danger of you getting scammed by these platforms.

One thing remain certain say, the number of bad eggs way Dey several systems don make several legitimate means to earning a living, building on a skill, an idea and sharing that idea become difficult or obsolete.

We acknowledge that, there are skilled traders without the necessary capital but, they would have liked to use that skill in a partnership kind of deal to make wins for themselves and their partners. These things suppose happen but, the bad actors way Dey the system don close this space.

The first thing you go even notice cef be say, them go proclaim themselves to be living their best lives from trading already. Those type of no suppose get your time, watin them Dey make suppose Dey them okay but, if them Dey seek you out, they are likely scammers just looking out for a victim.

[fredericktaylor]

As much as I know the online trading signal have no useful effect that can influence a positive result to any trader. However, i see it as a formality that can only make a trader to lost more money if is being carried away. I normally, I don't usually get involved in trading because I have always known how fast it can make me lost on a long run so what I do is to avoid it. Though you can be thinking is a fastest means of hitting big but the outcome is something that isn't encouraging. Lastly, to all newbies that got their eyes on large and fast profit, be careful with trading if necessary is better you stay off if you really want be safe in the system.

Nothing in the world has ever been created that can provide completely correct information about the future in advance. Achieving success through trading is not an easy work. Starting trading based on greed or emotion or blind faith is very risky, as a result, the possibility of losing money increases manifold. It is very important to trading by understanding the volatility of the market over time and controlling your greed, the risk of losing money will be relatively low. It is better to start trading with the money you can afford to lose without thinking about profit from the beginning, you will not have additional financial stress on yourself and you can enter the market at the right time with a cool head. It is wise to have patience, know about trading and have confidence in your research.

[Jubilee58]

My naija people I say make i bring una this thing way I observe ooo. And that is following online platforms which gives trading signals, I almost made the mistakes of falling victim to these online platforms which gives trading signals. Trading is a complex thing and anyone who wants to trade in Bitcoin or any other trade should find out time and learn and stop looking for Conner to make quick money by following signals given to you via online platforms which to my observation some of those platforms are even run by scammers.


No one grows by cutting Conner so , the reason why traders should not use online trading signals because this act can lead to you losing huge capital before you could even realize which will be too late and the worst of all there is high danger of you getting scammed by these platforms.

Following online trading signals is not always good, because there are many fake trading platforms online, and traders who follow online trading signals are likely to be tricked most times.
Some online trading signals encourages subscription, and sometimes those who pay higher subscription receives this subscription first before others, and when it is so, those with lower subscription gets the signal late, and may not get the desired profit .
For the fake trading platforms, they only show subscribers successful signal, and do not post losses making traders to believe they are always making profit, and by the time you begin to trade their you record more losses than profit.

Be very cautious following online trading signals, they are not the best way to ensure good profit in trading, but when you learn trading yourself, you will gain more benefit than resorting on online trading signals.

[SuperBitMan]

All those online signals no be person they give am or AI so why person go Dey trust something like that, sometimes e Dey work oo but na 50/50 something, person like me I no Dey trust those online signals at all I Dey always do my things by myself, one of the reasons why some people they always put more attention for all this online signals na because them no sabi how to trade and they won make money fast fast and to calm down learn how to trade na problem for them.
Me I go advice people to Dey careful if you Dey use online signals use trade if possible self no Dey use am at all just calm down learn how to trade.

[HyperCodexV]

My naija people I say make i bring una this thing way I observe ooo. And that is following online platforms which gives trading signals, I almost made the mistakes of falling victim to these online platforms which gives trading signals. Trading is a complex thing and anyone who wants to trade in Bitcoin or any other trade should find out time and learn and stop looking for Conner to make quick money by following signals given to you via online platforms which to my observation some of those platforms are even run by scammers.


No one grows by cutting Conner so , the reason why traders should not use online trading signals because this act can lead to you losing huge capital before you could even realize which will be too late and the worst of all there is high danger of you getting scammed by these platforms.

This is a fact, especially these days where platforms like Telegram have made it very easy for almost anybody to open a crypto signal group and start hyping unrealistic profits to desperate young people who want quick money. Many of these so called influencers only post winning trades and hide the losses just to attract more followers.
Like when someone joins a signal channel after seeing screenshots of huge profits, then starts risking money without properly understanding trading. In the end, many people lose their savings while the signal owners keep making money from subscriptions or referrals. That is why it is always better to learn trading personally and understand the risks instead of depending completely on online signals, which are fake in most cases.

[Ashawowo(OS)]

My naija people I say make i bring una this thing way I observe ooo. And that is following online platforms which gives trading signals, I almost made the mistakes of falling victim to these online platforms which gives trading signals. Trading is a complex thing and anyone who wants to trade in Bitcoin or any other trade should find out time and learn and stop looking for Conner to make quick money by following signals given to you via online platforms which to my observation some of those platforms are even run by scammers.


No one grows by cutting Conner so , the reason why traders should not use online trading signals because this act can lead to you losing huge capital before you could even realize which will be too late and the worst of all there is high danger of you getting scammed by these platforms.

everyone into giving online trading signals are scammers and neither serious nor professional traders. Trading is a skill and how do you think that someone would dedicate a great time and energy to learn it, only to end up giving you the signals for free. Learning from an experienced and profitable trader is expensive, I once contacted a real trader dealing on synthetic trading and he charged me 500k to learn, but I would learn physically and this guy is making obvious profits. I always liken those giving free signals to those people giving fake assumed fixed matches on sports betting, they don't know anything about trading and if you trade with their signals, you loose good money, if you pay them for their signals, you just did charity because most of them are hungry people.

People have been scammed because they are always going for where supposed expensive services can be gotten free or much cheaper, it doesn't work that way at all, most of the platforms, especially those on telegram are owned by scammers and they only use those mediums to prey on unsuspecting trading enthusiasts who would mistake them for legitimate trading platforms and subscribe with them.

[Prince patrick]

As a beginner, I will warn you to stay away from trading signals, because once you get addicted, you won't be able to do anything on your own without relying on a trading signals. And sometimes we don't run a background check to know if the person giving you this trading signals is a pro in Bitcoin or just a regular scammer. If you keep on relying on trading signals, you will be exposed to financial losses, fraudulent schemes and long term skill stagnation.

You must understand that these trading signals providers generate alerts based on their own hypothetical accounts size, leverage and drawdown tolerance. Following their exact position sizing without adjusting for your account size can quickly lead to account blownouts. And you will lose your money and your account. You will have to start all over again. So avoid trading signals for your own account safety.

[Mate2237]

All those online signals no be person they give am or AI so why person go Dey trust something like that, sometimes e Dey work oo but na 50/50 something, person like me I no Dey trust those online signals at all I Dey always do my things by myself, one of the reasons why some people they always put more attention for all this online signals na because them no sabi how to trade and they won make money fast fast and to calm down learn how to trade na problem for them.
Me I go advice people to Dey careful if you Dey use online signals use trade if possible self no Dey use am at all just calm down learn how to trade.

The best thing to do  for everyone who is interested in trading is to do it yourself. And you can't do it without the appropriate skills that is required to succeed in it. I feel that alot of people has become so lazy to the point where anything that they are doing they will like to do it it an easier way. If not why will someone wait and relax and wait for a trading signal that someone will use his time and efforts in for casting, so you can use it and make mone. One of the reasons why most of these online guy's whether scammers or even those just playing with the intelligence of people, just like these so called trading signals givers is because people has become too lazy to do things for themselves.


For the records even though there are genuine traders who like to see people progress and make money, by proving trading signals so others who may be starting their trading journey can benefit. These platforms has been taken over by scammers so it's important that people should be careful as most of such signals will not work but is a trial and error thing.

[Hyphen(-)]

You must understand that these trading signals providers generate alerts based on their own hypothetical accounts size, leverage and drawdown tolerance. Following their exact position sizing without adjusting for your account size can quickly lead to account blownouts. And you will lose your money and your account. You will have to start all over again. So avoid trading signals for your own account safety.

Crypto trading is hard, but that shouldn’t allow you to follow shortcuts when you want to trade.
Most of our beginners in trading prefer to take signals from experts just to make cool money and move on, they don’t want to learn the trading techniques themselves, they prefer to pay for daily signals by empowering another traders to help them lose money again because even those that gives you the signals are not sure, and some adjustment can come that you will need to do immediately, but if you have no idea about it, you will just lose money because you failed to learn the basics.

Using trading signals is not bad because trading is difficult and hard to understand for some people, but learning the basics is very important. If you have the basic knowledge, you can use signals and make some adjustments based on your knowledge, and if anything come up, you can be able to control it yourself without consulting your trading coach.

The important thing is to taking risk, if new trader is not ready to take risk, then they are not ready to trade.

[MorganaX]

All those online signals no be person they give am or AI so why person go Dey trust something like that, sometimes e Dey work oo but na 50/50 something, person like me I no Dey trust those online signals at all I Dey always do my things by myself, one of the reasons why some people they always put more attention for all this online signals na because them no sabi how to trade and they won make money fast fast and to calm down learn how to trade na problem for them.
Me I go advice people to Dey careful if you Dey use online signals use trade if possible self no Dey use am at all just calm down learn how to trade.

All these signals wey people dey drop say na confirm, for me oo I no truly believe am because most of the ones wey I don come across na people wey dey use this means as part of their promotion for their trading groups and some of these influencers dey always post signals or videos of signals wey don already past and work so that people go believe them and then come start to dey subscribe to their trading channel so I no dey truly believe am at all.

[Youngrebel]

Op the context of your write up doesn't really talk about the subject, you are talking about the dangers of using online trading signals but you didn't highlight any example or perhaps an experience of someone you are aware of, there's no proper details. Online trading signals has a lot of disadvantages and it's not something I would recommend beginners to make use of.

One major disadvantage of relying on signals is that it is capable of making traders lazy In the long run because they get used to the idea of someone doing the analysis for them while all they have to do is to just copy the trade. This doesn't make them improve their skills or try to know more about trading.

Another thing about trading signals is that you cannot really tell if the so called experts giving out these signals are actually putting in a lot thoughts into their analysis.

[I_Anime]

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 .

[Asiska02]

No one grows by cutting Conner so , the reason why traders should not use online trading signals because this act can lead to you losing huge capital before you could even realize which will be too late and the worst of all there is high danger of you getting scammed by these platforms.

There is effect to this even though some signal groups actually gives out good signals. As a trader, the time of entering into a trade and exiting a trade is very important, so relying on signal groups would have made you already fail in this aspect. Also in trading, even if a signal is given to you before it plays out, that doesn’t still guarantee you success because some trades require more confirmation before entering them. So if you’re relying on a signal group, you’ll only hit stop loss in such trades that requires confirmation before executing them.

Learning about trading yourself, facing those late night outs studying and trying to get better is best for you. Take those losses, make that mistake and come back to try again as a better and changed trader. With this, you can be accountable for everything and improve. Some signal groups are mostly scams, so do your due diligent research about them before joining them but it is better to learn it yourself.

[Boy-o-boy]

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 you learn trying to trade and get more experience than using online signals

[WhoYouCantKill]

All those online signals no be person they give am or AI so why person go Dey trust something like that, sometimes e Dey work oo but na 50/50 something, person like me I no Dey trust those online signals at all I Dey always do my things by myself, one of the reasons why some people they always put more attention for all this online signals na because them no sabi how to trade and they won make money fast fast and to calm down learn how to trade na problem for them.
Me I go advice people to Dey careful if you Dey use online signals use trade if possible self no Dey use am at all just calm down learn how to trade.

If you give am 50/50 self you even try self. These online Trading signals of a thing na something wey me I see say na something of luck. The person wey dey release these signals fit dey actually dey cash out from the same signals, but there’s no guarantee say if you self try am copy am, say e go work for you too, because the person pattern, financial condition and risk management and your own fit no be the same, and if you proceed, e fit no really work for you.

[CryptopreneurBrainboss]

Some signal groups are mostly scams, so do your due diligent research about them before joining them but it is better to learn it yourself.

Using "some" doesn't describe the percentage of channels that actually share real trading signals without ulterior motive as they always have an agenda behind doing such free things like in the case of them giving you signals after they have already position themselves then use you as the investors they dump the market on. The real deal isn't up to 1%  that's why using "some" doesn't tell the real story here. We shouldn't just trust this free signal channels at all because there's more scams than any real deal out there that you think you're going to get. Spend the time to learn everything you need about trading and you won't regret it instead of looking for short cuts that won't teach you any positive thing.

[Obim34]

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 you learn 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 a 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.

[Johnlomape]

My naija people I say make i bring una this thing way I observe ooo. And that is following online platforms which gives trading signals, I almost made the mistakes of falling victim to these online platforms which gives trading signals. Trading is a complex thing and anyone who wants to trade in Bitcoin or any other trade should find out time and learn and stop looking for Conner to make quick money by following signals given to you via online platforms which to my observation some of those platforms are even run by scammers.


No one grows by cutting Conner so , the reason why traders should not use online trading signals because this act can lead to you losing huge capital before you could even realize which will be too late and the worst of all there is high danger of you getting scammed by these platforms.

Those that are using online crypto signals are those that are looking for quick way to make profits through trading since they are not ready to fix their ignorance to try and improve their knowledge about trading in the crypto atmosphere.

There are so many problems that can be attributed to seeking for online help to make money from trading especially trying to buy signals and getting subscriptions like the ones I've heard about where you will be charged to pay a certain amount every month as renewable subscription to continue getting the signal that will enable you to trade and make profits.

Most of these signals can be profitable from the beginning when they started trading with the signals and later, it will starts giving wrong trades that can quickly lead to financial loses gradually. It is better to get the knowledge and analyze the market based on your own sentiment than trying to source for the already made information to enable you to make profit.