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

[rachael9385]

"If you're a good trader, can you prove it?"

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?

Selling signals has always been a profitable scheme for a lot of so called professional traders, while others think that they are making profits from their trades they don't have any idea that the profits comes from the courses that they sell and this is something that most beginners don't realize on time.  Selling signals has become one way that traders scale beyond their own capital but lately this has become a scheme that benefits them and not the beginners that are taking these courses. Providing signals is not an evidence that someone can actually trade.

[r_victory]

Of course, there are many charlatans out there who don't have any positive results in trading but want to sell profitability and wealth. But a good trader can sell signals and profit even more; just because they are good doesn't mean they can't transform their legitimate knowledge into another source of income.

[Issa56]

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.

Most of those people providing signals are always online looking for people to sell signals to, they are always persuading people to pay for their signals which makes everything suspicious. If you are a real trader, and you are really making money from trading, then you won’t be online begging people to pay for your signals, you won’t even have much time for social media, the time which you going to spend begging people to pay for your signals which makes, you going to make use of that time to do some analysis.

I feel some individuals online disturbing people to join their group are just scammers, people that don’t have proper knowledge about trading, most of them are just looking for ways to survive, and they believe they can use that strategy to deceive newbies. As a newbie trying to make money from trading, just take your time to learn how to trade, and gradually you will be able to make money.

[kawetsriyanto]

Of course, there are many charlatans out there who don't have any positive results in trading but want to sell profitability and wealth. But a good trader can sell signals and profit even more; just because they are good doesn't mean they can't transform their legitimate knowledge into another source of income.

If they are really good traders, it is okay to sell signals. But how we know that those who sell the signals are really trustable traders? Based on my experience, they only showed their good results in trading. They never showed their bad results. We can't totally trust the such people because they aren't honest. That's why, it is better to have our own signals by doing our own analysis. This can be more trusted than getting the signals from a certain group or from an unknown trader.

I feel some individuals online disturbing people to join their group are just scammers, people that don’t have proper knowledge about trading, most of them are just looking for ways to survive, and they believe they can use that strategy to deceive newbies. As a newbie trying to make money from trading, just take your time to learn how to trade, and gradually you will be able to make money.

It isn't just your feeling, it is the fact. Yep, many of people who suggest people to join a certain signal group, they are scammers. Sure, their target is always newbies or beginners because they have lack of knowledge about this. Meanwhile experienced people, they will never be interested because it is just a similar trick that repeats by the scammers.

[Yorubek]

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.

Understanding the market movement and giving a specific signal is never possible for a general person, for this, it is very important for a person to gain specific knowledge by observing the market movement for a long time along with his knowledge and skills. There are very few people who can truly understand the volatility of the market and give a specific signal. I think it is better to become self-reliant and make yourself skilled than to blindly buy signals, which can gradually make him a good trader.

Naturally, those who can understand the market movement or volatility and create a specific signal, then why do they sell signals? If we calmly think about this matter, we can easily avoid being scammed buy signals.

[Big Dirams]

Of course, there are many charlatans out there who don't have any positive results in trading but want to sell profitability and wealth. But a good trader can sell signals and profit even more; just because they are good doesn't mean they can't transform their legitimate knowledge into another source of income.

Actually, as a trader when we try to put ourselves together and focus on making ourselves knowledgeable and face the trading once and for all then in the future we will be pleased with our decision because we have builded a great foundation that will create lot of opportunities for us.
A profitable and knowledgeable traders can earn through multiple ways just as you said. We are knowledgeable and profitable so we can sell out our signal to other new traders and irresponsibly traders, we can share out our knowledge by holding a class and applying fee to it and we see we are making multiple of source aside our trading career alone. But to sell our signals and classes are personal decisions but when we sacrifice what needed then the success at the end is massive.

[Cheema02]

Of course, there are many charlatans out there who don't have any positive results in trading but want to sell profitability and wealth. But a good trader can sell signals and profit even more; just because they are good doesn't mean they can't transform their legitimate knowledge into another source of income.

Some people have made it their source of income; they do not understand that their carelessness and giving wrong signals will cause harm to others. Some of their signals give positive results and attract people to them by seeing them on social media and they adopt the path of signals in the temptation of earning money in an easy way. If they also want people to be given their experiences and they do not go down the wrong path and do not waste their money, then they definitely give signals to them. They start with trading and when they start earning well, they start their own business. There can be only two ways for this, either they want the well-being of people or they make their source of income by giving them the right path, but mostly they give signals to people for their own money. A good trader will give only good signals so that people also trade with the help of his signals.

[fighter2627]

So I don't think the right question is:

"Is selling signals bad?"

The better question is:

"What are you actually selling, and do you have evidence that it works?"

If you genuinely trade your strategy and believe in it, selling signals is not inherently wrong.

That's what I'm wondering too, due to if I were the only one who knew if I could earn a lot of money from trading every day, I would just pour it all into myself.

of course, I won't share my secret as to why I always earn a lot of money from trading, due to I worked hard for it. But if you're a good trader and then sell a signal, I doubt that you're
really a good trader. Maybe it's just good for collecting funds that communities will deposit who believe that their money will grow with the person who will trade for them, that's possible.

[Compromise me]

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.

You are right , but the main problem is how to choose who is genuine and have a good ratio of signals because now just because of social media things are at the worst level, and many people are on channels that are not having anything but doing tricks for scams. It's a really hard job to find out who is good and genuine recently. I personally lost enough funds just because of one person who was genuine and then suddenly gone. I believe if someone is having some time and also has a good mind, then they need to do a good search and then put your money on trade instead of going for any signal provider.

[GIF-JOBS]

Understanding the market movement and giving a specific signal is never possible for a general person, for this, it is very important for a person to gain specific knowledge by observing the market movement for a long time along with his knowledge and skills. There are very few people who can truly understand the volatility of the market and give a specific signal. I think it is better to become self-reliant and make yourself skilled than to blindly buy signals, which can gradually make him a good trader.

Naturally, those who can understand the market movement or volatility and create a specific signal, then why do they sell signals? If we calmly think about this matter, we can easily avoid being scammed buy signals.

Those who try to make money only by buying signals will never be able to make the profit they expect, if you think of making money by buying signals in trading, then such activities can only cause losses. It is never possible to make a stable profit by depending on others, if you think of making a reliable profit here, you have to make yourself skilled here. You have to make yourself skilled through your own research, because it is never possible to produce anything good by depending on others.

I usually never believe in such signals, because if someone is really very skilled in trading, then why doesn't he just trade himself? What is the reason for selling signals for his little money? Actually, if you can think realistically, you can understand these things, but if someone is deeply falling with greed, then it is never possible to understand real things.

[Baki202]

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.

You are right , but the main problem is how to choose who is genuine and have a good ratio of signals because now just because of social media things are at the worst level, and many people are on channels that are not having anything but doing tricks for scams. It's a really hard job to find out who is good and genuine recently. I personally lost enough funds just because of one person who was genuine and then suddenly gone. I believe if someone is having some time and also has a good mind, then they need to do a good search and then put your money on trade instead of going for any signal provider.

In the first place am not a fan of buying signals or even paying for signals it is not worth it at all because, from the first place, these are things that we can actually learn, and when we can learn them, what is now the essence of going for signals is that some of them are even fake, and that is why, from the beginning, we have to be prepared, so that is they there are a lot of things to be considered before you want to go into trading because it is not even compulsory, but the main thing is that for you to become a trader you have to be ready emotionally to know if it is something that you can actually handle, instead of wasting money on signals because how many people have paid for signals and have benefited best advice just learn how to trade your self.

[SamReomo]

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.

Some people aren't into trading but they want to make money from trading that is why they prefer to buy signals or join paid groups instead of doing their research. Such type of people are the ones who put their money at paid bots and allow those bots to trade for them so they can make money without learning anything themselves.

I believe they are the ones who lost most money in the end because many of those fall for scams and some of them take loans in order to earn high amount income. There are some traders who genuinely want to move from trading to something else and such people create educational content so they can make another source of income however the market is filled with scammers so it is better to do ones own research when it is about trading with real money instead of trusting anyone else.

[Dareo]

Those who try to make money only by buying signals will never be able to make the profit they expect, if you think of making money by buying signals in trading, then such activities can only cause losses. It is never possible to make a stable profit by depending on others, if you think of making a reliable profit here, you have to make yourself skilled here. You have to make yourself skilled through your own research, because it is never possible to produce anything good by depending on others.

Most new traders end up losing money because of the misconception that buying signals will guarantee a profit. But that's not to say that every signal provider is a con man and that some can offer good analysis.  The true issue is to take trades without any idea of the logic behind the signal. For example if you have a $100 trading account but the signal provider is offering a stop loss level that is too high for you to handle. Therefore you can learn from others analysis but it's more crucial to have your own risk management and decision making skills.

[free-bit.co.in]

Most new traders end up losing money because of the misconception that buying signals will guarantee a profit. But that's not to say that every signal provider is a con man and that some can offer good analysis. 

It's not just new traders, most people who buy signals end up losing money.

It'd be too much to say all signal sellers are scammers, but plenty of them make more money selling signals than they do from trading. Think about it , if they really knew how to read the market and make consistent profits, why would they waste their time trying to get others to buy their signals? So it's not entirely wrong to call those who sell signals scammers.

Tbh , I've never seen a trader make consistent money trading, let alone help others do the same.

[o48o]

-cut-
If they are really good traders, it is okay to sell signals. But how we know that those who sell the signals are really trustable traders? Based on my experience, they only showed their good results in trading. They never showed their bad results. We can't totally trust the such people because they aren't honest. That's why, it is better to have our own signals by doing our own analysis. This can be more trusted than getting the signals from a certain group or from an unknown trader.
-cut-

There is a way to do this. If a tradingview user publishes a chart where they predict the price, they can't make it private afterwards. So there's a public immutable record of anyone daring to publish their analysis or prediction.

It's quite telling that there aren't any miracle predictions in there picking right ones over and over. If these scammers wouldn't be afraid, they would publish everything in there. At least all the public signals. But they wouldn't because they would get caught immediately.

[kawetsriyanto]

There is a way to do this. If a tradingview user publishes a chart where they predict the price, they can't make it private afterwards. So there's a public immutable record of anyone daring to publish their analysis or prediction.

Well, this can be one of the ways. But we still should have our own signals. We can't always rely on other people prediction. If we have learned anything to analyze, it won't so hard to make our own signals.

It's quite telling that there aren't any miracle predictions in there picking right ones over and over. If these scammers wouldn't be afraid, they would publish everything in there. At least all the public signals. But they wouldn't because they would get caught immediately.

Those scammers will never publish anything that can show their deception. They will always have varied reasons to avoid showing the truth. They know well how to deceive people. Unfortunately, there are too many newbies who still trust them. This is actually the problem. By the way, there is no such prediction that it can be always correct. That's why we don't need to trust any signal group.

[o48o]

Well, this can be one of the ways. But we still should have our own signals. We can't always rely on other people prediction. If we have learned anything to analyze, it won't so hard to make our own signals.
-cut-
Those scammers will never publish anything that can show their deception. They will always have varied reasons to avoid showing the truth. They know well how to deceive people. Unfortunately, there are too many newbies who still trust them. This is actually the problem. By the way, there is no such prediction that it can be always correct. That's why we don't need to trust any signal group.

I don't call it making my own signals, but just predicting the market moves.

But yeah, i agree that there's no point on trusting others to do that job for us. Even if they would be right, they would give that information only after their own bags are full and when they are ready to do their dumping. And i was merely responding to the problem where they scrub their post history of bad signals. And i don't believe that profitable signal groups could exist without being pump and dump groups.

[Dareo]

-snip-

It's not just new traders, most people who buy signals end up losing money.

It'd be too much to say all signal sellers are scammers, but plenty of them make more money selling signals than they do from trading. Think about it , if they really knew how to read the market and make consistent profits, why would they waste their time trying to get others to buy their signals? So it's not entirely wrong to call those who sell signals scammers.

Tbh , I've never seen a trader make consistent money trading, let alone help others do the same.

Yes, actually selling trading signals or courses is a business. Not just trading courses, selling any course is a business. As far as I have seen freelancing related advertisements on social media, their main goal is to take money from customers and open an account on Just Marketplace. Ddoes not teach anything deeply.

But it is true that no one makes consistent profits. However, you will not see those who are professional traders or earn a good amount from trading, having a social media presence or selling courses. Because they are busy with their trading life and do not have time to give time to others.

[Webutxo]

Of course, there are many charlatans out there who don't have any positive results in trading but want to sell profitability and wealth. But a good trader can sell signals and profit even more; just because they are good doesn't mean they can't transform their legitimate knowledge into another source of income.

Some of them are good at edit. Some followers on X were dragging an influencer that used to show images of his pnl. This guy did it for a very long time, he managed to convince people that he is a good trader, almost unnoticeable but he dropped one chart and after some days that the coin has pumped, he drop his pnl images and he was caught where he made his entry. He refused to admit but the damage was already done and people no longer trust him.

If I'm a trader and I make money, I will not have any time to be sharing premium chart to be to enter the same trades. The best I will do is chare trades with public to boost liquidity so as your position can make as much as candle. This is what real traders does, their groups are market liquidity to enhance trading and they make profits.

[kawetsriyanto]

I don't call it making my own signals, but just predicting the market moves.

No problem, you can call it whatever you want, buddy. It is just my own call, "own signal".

But yeah, i agree that there's no point on trusting others to do that job for us. Even if they would be right, they would give that information only after their own bags are full and when they are ready to do their dumping.

Sure, we don't need to trust others because they also never can guarantee it. They probably use the same way, they do TA and FA in predicting the possible prices or the possible market condition. If they really can make 100% accurate signals, they probably won't share to others. Especially with cheap prices. They must use it from themselves because it will be more profitable for them.

And i was merely responding to the problem where they scrub their post history of bad signals. And i don't believe that profitable signal groups could exist without being pump and dump groups.

Of course, they will never show up their wrong signals. They will remove it, so no one will see the wrong signals. It is the way to ensure the people trusting their predictions.