If you're a good trader, why sell signals?

[Dzwaafu11]

Selling signals shouldn't be a problem a professional.trader can still decide to sell his signals, if he don't want people to use it for free that shouldn't be a problem in my opinion, the most improtant thing is it shouldn't be a fake signal. Because the risk of all this signals is the fact most of them are fake, untill you put your money and lose them.

However, some of the traders sell signals because they are not professional traders but they will definitely get mo ey from selling signals. I feel like the best things is to learn how trade on your own.

[CucakRowo]

That's a fact, most of these people that sell signals don't really make profit from trading, they sell signals as a way to get their source of income.

Yep.. i even think selling signals is their real bread and butter, while trading is just a side hustle for some extra cash, or something they trot out for show, lol.

For people that pay for these signals they refuse to ask themselves a logical question, if these traders really make profits from trading as they say they do then they are they selling signals? if they are so busy making money would they really have time to sell their courses or signals? emphatically no, this is the type of trader that sells false dreams to beginner traders.

Hell no.. If people buying these signals were smart enough to ask themselves that question, these signal groups wouldn't still be around today.

Some of them probably do think about it, tho.

They are just lazy.

They'd rather hand their money to someone else and hope to make money without having to learn or do the work themselves.

That's exactly why these signal sellers still have a market .

[Big Dirams]

Selling signals shouldn't be a problem a professional.trader can still decide to sell his signals, if he don't want people to use it for free that shouldn't be a problem in my opinion, the most improtant thing is it shouldn't be a fake signal. Because the risk of all this signals is the fact most of them are fake, untill you put your money and lose them.

However, some of the traders sell signals because they are not professional traders but they will definitely get mo ey from selling signals. I feel like the best things is to learn how trade on your own.

But hope you are aware that not all signal sellers shares fake signal, there are those that sell genuine signals and leads to profits. Even those that are not professional traders can give out signals and it can be a genuine one and not fake signals, but honestly most of this signal sellers especially those that ain’t professional traders are just trying to look for a way to extort money from their subscribers so we need to be careful in buying or subscribing to any signal groups especially when they are not professional traders.
But the best of part of everything is when we get our priorities straight and focus on building ourselves instead of taking signals from others.

[Su-asa]

Hell no.. If people buying these signals were smart enough to ask themselves that question, these signal groups wouldn't still be around today.

Some of them probably do think about it, tho.

They are just lazy.

They'd rather hand their money to someone else and hope to make money without having to learn or do the work themselves.

That's exactly why these signal sellers still have a market .

That's exactly where the problem starts from, they want others to do the work and they only want to put in minimal effort but they forget that if they want to get something done they have to do it themselves, that's the only way they can be sure of having optimal results. Handing out money to people with the hope that they are going to double if fot them is actually gambling but they don't know this, they just assume that they would make profit because are professional traders, no onw is actually a professional, eveyone is still a student of the market and as such it's possible for anyone to make mistakes.

[Powerjumboo]

A trader who sells signals and earn from what ever trading stunt they are pulling online is either a real trader or just a fake trader making money from doing marketing stunts.
The fake trader relies on having more subscribers on their channel to earn more money, while the real trader actually has strategies they abide by and actually survive from what they earn on the live market with real proof of work.

Yes you are right because those who sell signals are either real professional traders or they are fake traders. But real traders always give signals with proof and reliability but fake traders cannot sell signals with proof they may give fake signals through various frauds like stealing signals from somewhere and selling those signals. But all the signals which are available very easily and for very little money are mostly fake signals.

[Antotena]

Selling signals shouldn't be a problem a professional.trader can still decide to sell his signals, if he don't want people to use it for free that shouldn't be a problem in my opinion, the most improtant thing is it shouldn't be a fake signal. Because the risk of all this signals is the fact most of them are fake, untill you put your money and lose them.

However, some of the traders sell signals because they are not professional traders but they will definitely get mo ey from selling signals. I feel like the best things is to learn how trade on your own.

The legit traders that knows how to trade and has good record of trading don't give signal to trade, rather they give signal to raise a community. This is how they make their community proud of them that if after years of staying with them and they all make money with the trader, even if the trader decided to go private and offer more support for some group of friends, the people that are not in that field don't hesitate to join, this is the good side I have seen.

Traders that give signal and don't have good records in my opinion. Some of their screenshots are fake and doctored. Some of them are edited to make people feel they are good at trading but they are not good as they claim. Some of them don't even have money of their own to trade. The are the set of extra criminal signal traders that even register in other VIP signals and share the same trade with their friends, all these is why signal trades need to be a kind.

[WatChe]

That's exactly where the problem starts from, they want others to do the work and they only want to put in minimal effort but they forget that if they want to get something done they have to do it themselves, that's the only way they can be sure of having optimal results. Handing out money to people with the hope that they are going to double if fot them is actually gambling but they don't know this, they just assume that they would make profit because are professional traders, no onw is actually a professional, eveyone is still a student of the market and as such it's possible for anyone to make mistakes.

If subscribing to a signal group will make you rich then almost everyone out in the market will be rich through these signalling groups. In reality the signalling groups are created just for the benefit of the people running these groups. If someone want to earn profit then he has to spend time in learning and doing the hard work of research. Nobody can do that hard work in place of you for just few buck, there are many instances where people lost money by following signals and that is because such groups are run by people who dont have sufficient knowledge of trading. 

[Showlove01]

Yes you are right because those who sell signals are either real professional traders or they are fake traders. But real traders always give signals with proof and reliability but fake traders cannot sell signals with proof they may give fake signals through various frauds like stealing signals from somewhere and selling those signals. But all the signals which are available very easily and for very little money are mostly fake signals.

Anybody can sell signal depending on the knowledge they have and the strategy they use in trading, some people sell signal even when they don't have strategy and sometimes they won't even execute the trade they will give people as signal. However, there is nothing guarantee in giving out signal because even the people who we call professionals are not even sure how the trade will play out and if anyone tell you he or she knows what the market will do or how the trade will play out for sure know that the person is either a lier or a scammer because no one know what the market will do next for sure.

[kawetsriyanto]

You are right about that. But based on the earlier convo, I think dwyane36's point was agreeing with Issa56 that no truly successful trader would spend time online begging people to buy their signals. Not talking about the success of the ones buying or relying on other people's signals.

My comment is just supporting the previous statement of dwyane36. So, I don't see there is something wrong there. 
I added the explanation that people who rely on the group signals, it is the indication or sign of the lack of knowledge of the people in analysis. It means they are actually still far from the success.

As for people relying on someone else's signals and handing over their financial future to a stranger, I don't think they can be called successful either. To me, they're just being lazy and looking to get rich quick without putting in the work.

It has been explained above. Sure, people who rely to others, they aren't successful one. If they have succeeded, they must have their own way to determine the signals. We must improve our capability in TA and FA, this is the right way to succeed. Once we master the TA and FA, we don't need to depend on the signal from other people because we can make our own signals.

[bhadz]

Anybody can sell signal depending on the knowledge they have and the strategy they use in trading, some people sell signal even when they don't have strategy and sometimes they won't even execute the trade they will give people as signal. However, there is nothing guarantee in giving out signal because even the people who we call professionals are not even sure how the trade will play out and if anyone tell you he or she knows what the market will do or how the trade will play out for sure know that the person is either a lier or a scammer because no one know what the market will do next for sure.

And that is a scam if they sell signals and they're not going to execute the trade. They're paid for the signal for them to do it but if they're pulling out and not going to do it, they have sold successfully on their analysis for which isn't guaranteed. That's why they shouldn't sell signals that they are unsure of and much better to stop it wholly because that is only giving people the false information that these signals are real. And with the thought of everybody of what these signals are, they're only scamming people with their analysis and insights about the market.

[L E G E N D A R Y]

The only problem I have with paid signals is that they can traders who are supposed to be figuring out their own strategy that works for them to depend solely on someone else’s decisions without even understanding or having the slightest clue of how they were able to arrive at that conclusion.
Genuine or not, signals can make people lose money because market conditions can change at anytime, so it doesn’t matter whether the person is a professional or not, the risk is still very much visible.

[Mate2237]

That's a much more interesting question.

What do you think?

Do you see selling signals, creating trading content, or teaching as a legitimate way for a good trader to scale beyond their own capital?

And more importantly, what would you consider enough evidence that a signal provider can actually trade?

To answer the first question, it brings me to the point that a lot of so called professional traders don't really use trading as their main source of income, their main source of income comes from the signals they sell and the online classes that they organize and to me I see that as fraudulent because they teach about strategies that they don't even apply. Real traders don't have the time to teach so much or sell signals because they are too busy making money.


Secondly, there are signal providers that are actually good but they are only a few out of the stupendous amount of them out there. A lot of these people that sell signals actually take the ideas from other traders and it's not something that they really think of, this means that there's no way you can actually prove that these signal providers can trade. This is the reason why it is better to gain knowledge and trade the market yourself instead of relying on signals.

[Z_MBFM]

The only problem I have with paid signals is that they can traders who are supposed to be figuring out their own strategy that works for them to depend solely on someone else’s decisions without even understanding or having the slightest clue of how they were able to arrive at that conclusion.
Genuine or not, signals can make people lose money because market conditions can change at anytime, so it doesn’t matter whether the person is a professional or not, the risk is still very much visible.

In trading, no one is perfect, everyone makes some predictions and analyzes the chart of coins with their own strategy and they sometimes work but no one can guarantee that it will work all the time. And there is no guarantee that they will always be able to make a profit, so when those traders can make some profit, they start selling their analysis reports as signals, keeping them as evidence so that they can earn money by selling signals even if they lose in trading. And those who buy these signals with money also lose in trading and the payments they make for the signals are also their complete losses. But new traders do not understand these things and those who sell signals target new traders and promote them in attractive way.

[JunaidAzizi]

That's something we see daily, every day a new trader comes into the market selling their signals and courses. When you buy from them and face losses, the whole blame is on you, not on their courses, which are often incomplete and falsely explained, leading to user losses. If they are real traders and their signals are that accurate, then why don't they borrow money to double or triple it? Everyone knows they can't do it, and real traders won't waste time on such schemes. Maybe there are some real traders who are going through funding issues, but believe me, the rest of the people run it as a business.

[puloweh555]

That's something we see daily, every day a new trader comes into the market selling their signals and courses. When you buy from them and face losses, the whole blame is on you, not on their courses, which are often incomplete and falsely explained, leading to user losses. If they are real traders and their signals are that accurate, then why don't they borrow money to double or triple it? Everyone knows they can't do it, and real traders won't waste time on such schemes. Maybe there are some real traders who are going through funding issues, but believe me, the rest of the people run it as a business.

Exactly. Skepticism toward signal sellers makes sense. A lot of people who sell signals and trading courses aren't successful traders consistently making money from the market they're businessmen taking advantage of people desire to get rich quick. Besides, if their signals were really accurate and their strategy truly outstanding it would make a lot more sense and be more profitable for them to manage their own funds rather than going through the trouble of making content, Telegram groups, and courses.

The reality is they sell hope through signals and education that seem easier, more stable and much less risky than facing the unpredictable market every day. Real traders usually focus on their own trading rather than spending time marketing their secrets to success. When their followers lose money they just say it’s poor risk management or a lack of discipline. 

There are indeed a few people who honestly share knowledge because they enjoy sharing and want to build a long term reputation, but most of those on social media are running all of this as a business.

[LogitechMouse]

The only problem I have with paid signals is that they can traders who are supposed to be figuring out their own strategy that works for them to depend solely on someone else’s decisions without even understanding or having the slightest clue of how they were able to arrive at that conclusion.
Genuine or not, signals can make people lose money because market conditions can change at anytime, so it doesn’t matter whether the person is a professional or not, the risk is still very much visible.

We both have different experiences when it comes to paid signals. I've joined some of them, and most of those who are sharing their signals have their own strategy and some have their own explanation as well to how they've came up with that signal.

Of course, trading signals isn't a magic tool where we will win 100% of the time. I've joined free signal groups as well, and they also have a working strategy for them, and for months, I've seen their signals make or lose money. What I will say base on my experience though is that, relying on their signals alone with a blind eye isn't recommended for any trader. As a trader, we should learn on our own, and not relying on other people. I agree with what you said that trading signals could make people lose their money, but for me, I believe that there are a few out there where other traders can make money. Of course there will be months where we will be losing, and vice-versa.

[GIF-JOBS]

I haven’t read the OP’s entire post, but judging from the headline, I understand that the main topic here is whether a trader who is genuinely successful trader, so why needs to sell their trading signals ? When I see such guys in my area, 'who think of buying trading signals with money and trading', then I was just tell him that, if this trader is successful, then why would he sell signals to you? Does he need this little money so much despite being such a big trader? And if you say that he only wants to benefit everyone, then in this era it is completely unrealistic.

The money he gets by selling signals to you, this means that he can earn more money himself by using his own signals, so why would he unnecessarily go and sell signals to you? Such things must be understood. They will take you to a certain platform and make you deposit there from which he gets a separate commission, and he gets a commission from everyone in this way.  Basically, it is already linked to that platform, and this whole process is basically based on fraud. So you need to be careful, it is only possible to fall into big losses through these, everything is not that simple.

[kawetsriyanto]

I haven’t read the OP’s entire post, but judging from the headline, I understand that the main topic here is whether a trader who is genuinely successful trader, so why needs to sell their trading signals ? When I see such guys in my area, 'who think of buying trading signals with money and trading', then I was just tell him that, if this trader is successful, then why would he sell signals to you? Does he need this little money so much despite being such a big trader? And if you say that he only wants to benefit everyone, then in this era it is completely unrealistic.

I think you need to read the entire post first before you made a post. OP mainly said about the credibility of the signals, whether the people who made the signals are really good traders. What I see in the content of OP thread, it doesn't really reflect the title. So, it is quite necessary to read the whole thread comprehensively.

It is actually normal that traders also sell signals because they want to get additional money. However, it is quite difficult to trust them because they mostly only show the success in trading, they never showed the failure. Also, we don't know what approach or analysis they used to make the signals.

The money he gets by selling signals to you, this means that he can earn more money himself by using his own signals, so why would he unnecessarily go and sell signals to you? Such things must be understood. They will take you to a certain platform and make you deposit there from which he gets a separate commission, and he gets a commission from everyone in this way.  Basically, it is already linked to that platform, and this whole process is basically based on fraud. So you need to be careful, it is only possible to fall into big losses through these, everything is not that simple.

Yep. It is also possible that some signal groups lead people to use certain platforms. So, it is also like a promotion to certain platforms. In this way, those signals groups get money from the platforms and the members as well.

[L E G E N D A R Y]

We both have different experiences when it comes to paid signals. I've joined some of them, and most of those who are sharing their signals have their own strategy and some have their own explanation as well to how they've came up with that signal.

Of course, trading signals isn't a magic tool where we will win 100% of the time. I've joined free signal groups as well, and they also have a working strategy for them, and for months, I've seen their signals make or lose money. What I will say base on my experience though is that, relying on their signals alone with a blind eye isn't recommended for any trader. As a trader, we should learn on our own, and not relying on other people. I agree with what you said that trading signals could make people lose their money, but for me, I believe that there are a few out there where other traders can make money. Of course there will be months where we will be losing, and vice-versa.

I’d be careful with the part about judging a signal provider by just a few months of profit. The most important thing shouldn’t be whether it’s actually profitable but rather whether the strategy would still be useful across different market conditions and also whether the signal provider is also transparent about their losses too and not just flashing the profits alone. Even if a signal is legitimate, it could turn around to become dangerous when people blindly follow them without even understanding the potential risks it carries or knowing when to stop.

[Halifat]

But hope you are aware that not all signal sellers shares fake signal, there are those that sell genuine signals and leads to profits. Even those that are not professional traders can give out signals and it can be a genuine one and not fake signals, but honestly most of this signal sellers especially those that ain’t professional traders are just trying to look for a way to extort money from their subscribers so we need to be careful in buying or subscribing to any signal groups especially when they are not professional traders.
But the best of part of everything is when we get our priorities straight and focus on building ourselves instead of taking signals from others.

Getting signals from a professional traders are usually 60 to 70% genuine, but the main issue is that getting it from a better and responsible person is usually the problem, most of the newcomer fall victim to all those fake signals, but on the other hands I begin not to have any kind of pity for them simply because they are just eager to get money. I don't know why someone will not do his own research and depending fully on someone else, it is better for anyone to do their own research when it comes to crypto trading so that they cannot be fooling themselves by following blindly.