beginner trader: Are trading signals and bots worth it? - page 2.

doomloop

hero member

Activity: 2408

Merit: 584

Quote from: Alert31 on May 09, 2021, 01:14:42 PM

No! That is a bad idea for a beginner in trading. Much better if they learn step by step in a right way. I mean learn the graph and the price movement by your own in actual for better understanding the trading and crypto market instead of using trading signals and bots which is not useful for a beginners to learn and grow in this field.

I agree and there is a lack of confidence in your trades when you are completely reliant on someone else for your success. It is very similar to copy trading and it is not worth it because you are not using your own skills and hence getting more and more reliant on others. Depending on others for your own profit can turn out to be bad in the long run for many reasons.

1- Once they are good at what they are doing, they might increase the charge ultimately cutting your profits.
2- Some organizations always look for such individuals and if they hire them, you are basically out of trading because all these years you learned nothing.
3- Your signal provider might fade with the market moving so rapidly and you need to find someone else to rely upon.

So overall, trade yourself because others cannot carry for you long.

kapalmabur

sr. member

Activity: 2002

Merit: 250

trading signals you can get on the telegram channel for free, or go to the trading view because there are many great traders who share analysis,
of course both are free, and highly recommended for newbies, but to install bots for me I do not recommend,
because it is very risky for asset security we on the exchange, it's better to use the manual way to trade.

bitgolden

legendary

Activity: 2926

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Quote from: cyriljundos on May 12, 2021, 01:31:28 AM

In order for you to be a good trader and not relying on bots and signals you may watch videos and research about different techniques on how to trade well and surely you can benefit from it.

That must be the biggest advantage of modern internet world because we cannot imagine anything like that some 15 years back. These days people try to make use of both which must be a good thing in my opinion as well like new trading aspirants are making use of bots and in free time they are learning technical analysis by practicing in demo accounts side by side.

Beginners in trading must need lots of dedication on learning things; your level of interest will take you high level in success. Feeling lazy or not focusing with all interest may not help to become a successful trader.

cyriljundos

member

Activity: 432

Merit: 10

Bitfresh - iGaming with 90s UI

Yes i think it will help traders not 100percent accurate but it will give hint or knowledge to you and before you buy it you may first research about coin before you buy it. In order for you to be a good trader and not relying on bots and signals you may watch videos and research about different techniques on how to trade well and surely you can benefit from it.

wiss19

sr. member

Activity: 2226

Merit: 344

Quote from: Hamphser on May 09, 2021, 04:58:24 PM

Bot has nothing to do with those fake signals out of those fake groups in the market this is why you should really be aware on what are the things that been circling around.

Some people are assuming like bots is a gateway to get us signals which is the reason why people are questioning like this. But, in some sense both buying signals and making use of bots are not producing any big different results.

Quote from: Hamphser on May 09, 2021, 04:58:24 PM

Newbies do mostly believe that this is something a money making generating machine which is totally bullshit kind way of thinking.

Yes, that must be a kind of misconception about bots. When they are coming know about how bots are working then probably they will come out of these belief. I am always seeing lots of people are suggesting about going for manual trading but people are always coming up with such questions on signals and trading bots in more frequent times.

SystemTrader

newbie

Activity: 23

Merit: 1

I haven't used any trading bots yet but I hear it quite often. Some people say custom bots that you can customize and create by yourself are way safer and better than the ones that are created by someone else and being sold in the market. Another thing that makes a lot of sense to me is that how people misperceive bots. Some traders were doing emphasis on how bots useless without any trading knowledge and proper money&risk management and how significant bots are about leveling up your trading as a tool once you understand the main idea of it along with your trading knowledge.

Hamphser

sr. member

Activity: 2534

Merit: 332

Vave.com - Crypto Casino

Quote from: Issa56 on May 09, 2021, 04:00:54 PM

Have been in Cryptocurrency not long ago I don't really know much about crypto Bot but I really support cryptocurrency signal when you really join the right group, there are lot's of scam signal groups which they just collect your money and give fake signal but even if u are getting a signal from a group make sure you do your research first before buying the coin not all signals are always 100%.

Bot has nothing to do with those fake signals out of those fake groups in the market this is why you should really be aware on what are the things that been circling around.

If you do have doubts then you can always make some searches and verify for yourself.Regarding on the topic question about bots then its just for automation.

Newbies do mostly believe that this is something a money making generating machine which is totally bullshit kind way of thinking.

fullhdpixel

hero member

Activity: 2828

Merit: 611

Quote from: traderdyl on April 07, 2021, 04:25:24 PM

I have followed some guides but I wonder whether I should try and commit the time to learn to trade manually without the use of Bots? It's just a nice idea to have passive income while I am at work and asleep.

Remember when the bull happens everything works, when it is time for bear nothing works as expected. This has been the case for a very long time and it will continue to be like that for a long time for a while. If we are in a bull market, when you get a signal from a paid signal group, that signal could probably be probably right because we are in a bull market so almost everything goes up and that coin you got a signal could actually be true as well, or a bot for example, if you use a bot during bull market, it will buy and because everything goes up it will sell higher and make you a profit.

However what happens during bear market? Everything is going down, how could they work, they would suck and make you hold bags of coins without selling them because they are all down. That is the difference between bear and bull, so signals and bots only work on bull and never on bear.

Issa56

hero member

Activity: 1484

Merit: 928

Have been in Cryptocurrency not long ago I don't really know much about crypto Bot but I really support cryptocurrency signal when you really join the right group, there are lot's of scam signal groups which they just collect your money and give fake signal but even if u are getting a signal from a group make sure you do your research first before buying the coin not all signals are always 100%.

Dilerium90

full member

Activity: 756

Merit: 108

If you want to be in the market for a long time, then for a long-term perspective you need to do without trading signals and trading robots. I am convinced, that in the long run, only your own strategy will give a positive value. Everything else is unprofitable.

jostorres

hero member

Activity: 2464

Merit: 585

Quote from: traderdyl on April 07, 2021, 04:25:24 PM

my question is really, Are they ever actually worth it? has anyone ever made much profit from these "premium" signals other than the people that run them? or could it be how I have the Cornix bot set up?

I have followed some guides but I wonder whether I should try and commit the time to learn to trade manually without the use of Bots? It's just a nice idea to have passive income while I am at work and asleep.

Appreciate any response and always happy to receive any educational material you think would be useful for me.

I think you should ask that your friend for proof that those signals being given out by those telegram group channels were profitable for him, and also learn all these things from him, including how he setup the bots for him to be able to profit from it. If he’s not able to prove to you that he was making profit from them, then it’s all lies. It’s better you look for something.

I have not tried not trading before, and I have not seen any proof that they can be profitable as some people claim they are, none of them has actually provided proof that they are profitable, so it’s best I just steer clear from that direction, unless I just feel like I should try it out and see for myself.

death69

hero member

Activity: 1204

Merit: 545

Quote from: andthereyou on May 09, 2021, 04:04:07 AM

I think it's a bad idea to use trading signal and bots because it might hindered the learning process of a beginner. Maybe as a reference trading signal can be use. Remember that a trader should develop his/her own system that consistently made him/her money.

Totally agree. Bots should only be used when you have fundamental knowledge in trading. Misusing trading bots only damage your trading career as well as weaken your vision. You can't understand the market properly if you go straight to trading bot without learning anything

Therefore, try to get familiar with trading by practicing, learning and researching. There are brokers giving you free money account so that you can participate in trading without fearing that you might lose your money

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: traderdyl on April 07, 2021, 04:25:24 PM

I have followed some guides but I wonder whether I should try and commit the time to learn to trade manually without the use of Bots? It's just a nice idea to have passive income while I am at work and asleep.

That's the answer to your questions. Instead of joining these so called signal groups you can learn to trade by yourself.
2% a month is a really low return IMHO. You can easily make more than that if you learn how to trade.
After you are good at it may be you can yourself develop a bot or hire someone to create a bot for you or purchase a bot and then modify it as per your strategies.
This way you will learn how to trade and also earn passive income when your bot starts making money for you.

Alert31

member

Activity: 1041

Merit: 25

Trident Protocol | Simple «buy-hold-earn» system!

No! That is a bad idea for a beginner in trading. Much better if they learn step by step in a right way. I mean learn the graph and the price movement by your own in actual for better understanding the trading and crypto market instead of using trading signals and bots which is not useful for a beginners to learn and grow in this field.

wahyu wida

full member

Activity: 826

Merit: 100

Quote from: boty on May 09, 2021, 10:05:26 AM

Quote from: ?? on ??

Quote from: Xinarae* on May 09, 2021, 06:19:52 AM

I think trading as a newbie should be very important first and try to study trading very well because newbie traders always trade wrong and they always try to make a profit. The biggest problem is here. When they open multiple trades without realizing trading in the hope of making huge profits they lose the most in those trades. beginner trader make more mistakes such as trying to start trading with a signal from someone else without predicting themselves.

Newbies often make mistakes when trading, because they don't have good trading experience and knowledge. So it is advisable for newbies not
to first trade following other people's signals, or even using bots will be more risky. So like you said newbies should learn to trade more first,
in order to understand how to properly analyze the market. That way the mistakes made by newbies can slowly be corrected.

preparation before start trading before common mistake for every beginer. they think trading very simple and could do without any knowledge. beginer must know several step that need to passed, dont always use short cut to start our trading position. bot or signal will not trainee our skill , but it make us lazy to research in market.

right, with bots they just want to enjoy the sweetness of trading. whereas in manual trading we are taught many things such as psychology which seems to be swayed by the market. unless we have mastered manual trading and then use bots, the results will be different, because they know the advantages and disadvantages of bots

geegaw

hero member

Activity: 1316

Merit: 502

Quote from: Alucard1 on May 09, 2021, 05:15:02 AM

If they are both free and you think that it will help you a lot then go for it, if you are a small trader or if you only trade once in a blue moon or if you are trading with low capital then those things are not needed for you.
It is better if we are going to learn the trading signals and not to rely on other people because no one will give us the trading signal for free, unless you will give them huge amount of money.

Of course, free signals are difficult to exist but there are still many groups of signals that allow such a public interest, their benefit is that they will create a large group of investors, focus on becoming a whale to make their predictions come true. Another benefit is that cooperation with new projects, large signal groups will allow for large advertising, owners will be able to partner with some new projects to make more money from advertising, with such an expanding opportunity, a few reputable signals are indispensable to help the community trust them more

boty

full member

Activity: 1190

Merit: 212

★Bitvest.io★ Play Plinko or Invest!

Quote from: ?? on ??

Quote from: Xinarae* on May 09, 2021, 06:19:52 AM

I think trading as a newbie should be very important first and try to study trading very well because newbie traders always trade wrong and they always try to make a profit. The biggest problem is here. When they open multiple trades without realizing trading in the hope of making huge profits they lose the most in those trades. beginner trader make more mistakes such as trying to start trading with a signal from someone else without predicting themselves.

Newbies often make mistakes when trading, because they don't have good trading experience and knowledge. So it is advisable for newbies not
to first trade following other people's signals, or even using bots will be more risky. So like you said newbies should learn to trade more first,
in order to understand how to properly analyze the market. That way the mistakes made by newbies can slowly be corrected.

preparation before start trading before common mistake for every beginer. they think trading very simple and could do without any knowledge. beginer must know several step that need to passed, dont always use short cut to start our trading position. bot or signal will not trainee our skill , but it make us lazy to research in market.

bitgolden

legendary

Activity: 2926

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Quote from: andthereyou on May 09, 2021, 04:04:07 AM

Maybe as a reference trading signal can be use. Remember that a trader should develop his/her own system that consistently made him/her money.

That must be a good idea. When are having samples on entry and exit price levels then we can work on making our technical more accurate. I agree every trader must work on developing their own system according to risk management and available capitals. It means on the beginning days we may use other's signal or bots for references purposes but side by side we must work on developing skills to start trading on our own signals.

I have come across traders who are writing their own bots for automating few of routine tasks. I am not ready to believe on making use of bots for end-to-end trading but partial trading thorough bots will be definitely helpful.

Xinarae*

sr. member

Activity: 1414

Merit: 326

I think trading as a newbie should be very important first and try to study trading very well because newbie traders always trade wrong and they always try to make a profit. The biggest problem is here. When they open multiple trades without realizing trading in the hope of making huge profits they lose the most in those trades. beginner trader make more mistakes such as trying to start trading with a signal from someone else without predicting themselves.

Alucard1

full member

Activity: 574

Merit: 125

If they are both free and you think that it will help you a lot then go for it, if you are a small trader or if you only trade once in a blue moon or if you are trading with low capital then those things are not needed for you.
It is better if we are going to learn the trading signals and not to rely on other people because no one will give us the trading signal for free, unless you will give them huge amount of money.

Topic: beginner trader: Are trading signals and bots worth it? - page 2. (Read 1037 times)