beginner trader: Are trading signals and bots worth it? - page 6.

BuNga_cute

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Quote from: dunfida on April 09, 2021, 05:59:32 PM

Quote from: Fredomago on April 09, 2021, 05:55:21 PM

Quote from: Hypnosis00 on April 09, 2021, 05:23:42 PM

No matter what you do OP, it is somewhat the minds of the majority are close to this. It has only a few chances that you can get traders to use bots rather than doing it by themselves. I actually am preferred of doing it manually, coz I know that Bots are just relying on us.

One way to become a successful trader is by having ENOUGH knowledge and skills. If we are going to enhance our knowledge and skills, therefore, we have to expose ourselves to actual trading and by doing it by ourselves. What bots can do is making us lazy and helps us not to improve our skills.

Bot can help you in the manner that it lessen the time of your stay but likewise everything relied with the trader's knowledge and skills, without proper ideas bot will not work.

You got to established yourself from your chosen venue and allow yourself to acquired all the factors that influence the market, from here you'll be able to determine if you are capable of using bot to execute your strategy.

Keep enhancing your knowledge and make sure that you have an open mind to learn more, bot will follow once confidence inside you has been developed.

Majority does have wrong views towards bots where most noobs believe that it can really make out profits without doing anything or simply relying with those pre-settings for them to use
but without realizing that it is just good for automating your trades and not the ones would be responsible for them to make profits for you.
Bots are tools and its up to someone on how they do utilize these tools for their own convenience.For follow trades then they arent really that
worth but if its something free then you can opt to look some valuable analysis that might be helpful for you.

In fact, there are indeed a lot of newbies who misunderstand about trading bots, as you have explained, most newbies think that using trading bots
can generate a lot of profit without doing anything. This is actually the creator of trading bots who are good at marketing, they only provide
an incomplete description of the products they offer, and only focus on showing the profit that the trading bots are making. So it is not entirely
the fault of a newbie, because anyone would be interested in such an attractive offer.

Traderbtcc

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I have never tried out a trading bot or paid signal group cause that's for people who are too lazy to learn how to analyse the market on their own,it doesn't make sense paying for a such group when your portfolio only went 2% up, instead of paying for it again why not learn about trading and become a good at it , instead of jumping from one paid signal group to the other honestly those paid signals groups are a total waste of time.

dunfida

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Quote from: Fredomago on April 09, 2021, 05:55:21 PM

Quote from: Hypnosis00 on April 09, 2021, 05:23:42 PM

No matter what you do OP, it is somewhat the minds of the majority are close to this. It has only a few chances that you can get traders to use bots rather than doing it by themselves. I actually am preferred of doing it manually, coz I know that Bots are just relying on us.

One way to become a successful trader is by having ENOUGH knowledge and skills. If we are going to enhance our knowledge and skills, therefore, we have to expose ourselves to actual trading and by doing it by ourselves. What bots can do is making us lazy and helps us not to improve our skills.

Bot can help you in the manner that it lessen the time of your stay but likewise everything relied with the trader's knowledge and skills, without proper ideas bot will not work.

You got to established yourself from your chosen venue and allow yourself to acquired all the factors that influence the market, from here you'll be able to determine if you are capable of using bot to execute your strategy.

Keep enhancing your knowledge and make sure that you have an open mind to learn more, bot will follow once confidence inside you has been developed.

Majority does have wrong views towards bots where most noobs believe that it can really make out profits without doing anything or simply relying with those pre-settings for them to use
but without realizing that it is just good for automating your trades and not the ones would be responsible for them to make profits for you.
Bots are tools and its up to someone on how they do utilize these tools for their own convenience.For follow trades then they arent really that
worth but if its something free then you can opt to look some valuable analysis that might be helpful for you.

Fredomago

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Quote from: Hypnosis00 on April 09, 2021, 05:23:42 PM

No matter what you do OP, it is somewhat the minds of the majority are close to this. It has only a few chances that you can get traders to use bots rather than doing it by themselves. I actually am preferred of doing it manually, coz I know that Bots are just relying on us.

One way to become a successful trader is by having ENOUGH knowledge and skills. If we are going to enhance our knowledge and skills, therefore, we have to expose ourselves to actual trading and by doing it by ourselves. What bots can do is making us lazy and helps us not to improve our skills.

Bot can help you in the manner that it lessen the time of your stay but likewise everything relied with the trader's knowledge and skills, without proper ideas bot will not work.

You got to established yourself from your chosen venue and allow yourself to acquired all the factors that influence the market, from here you'll be able to determine if you are capable of using bot to execute your strategy.

Keep enhancing your knowledge and make sure that you have an open mind to learn more, bot will follow once confidence inside you has been developed.

Ridwan Fauzi

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Trading signal and bot trading is worth but just for a while. You will be saturated to depend on them and finally you will trade by your self because you think that you have understood about trading work. But, I just tell you that the situation is really bad for you, you just made an entry based on your feeling and your experience not by data and analyst.

So, I suggest you to focus on learning about trading strategy first. Don't try directly to trade before you have your own strategy. Build your trading plan or trading system first then you are allowed to trade. At that situation although you loss your money you will know what you have to do. There are so many source that you can read freely or you can spend money to buy some trading books and it is really worth.

AmoreJaz

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Quote from: traderdyl on April 07, 2021, 04:05:45 PM

Quote from: boyptc on April 07, 2021, 03:44:58 PM

Quick answer for trading signals: NO

Honestly, I'm interested to know what happened to the first bitcoins that you've mined then on that year? if this is a real story, you don't have to mind about trading if you still managed to hold it.

But since you're asking about trading, I guess you've spent most of it already.

A bot is helpful if you know how to manage it as it automates your strategy but it doesn't mean you'll also get automatic profit from it. But I haven't heard that one you mentioned.

I appreciate the quick and honest answer. I think I will leave it in that case.

Actually accumulated over 2000 BTC back when... sold it for what it was worth at the time (under 1$) as I needed to pay my rent. never did HODL, the biggest mistake of my life, and still makes me sick to think about it.

but at that time you needed money. so all worth it to use your bitcoin. nobody knew that it will be this big today. if btc stays the same as the price before, i dont think you will regret of selling at the time of your need.
and with regard to your question, dont trust these signal groups even the premium ones where you need to pay upfront. they are just the ones taking advantage of gullible users.
since you are not considered a beginner as at one point, you traded your btc to fiat, it will be the same with other alts. start small and learn other tricks. dont rely on bots as it is not sustainable. better learn on your own as no one can get it away from you.

Hypnosis00

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No matter what you do OP, it is somewhat the minds of the majority are close to this. It has only a few chances that you can get traders to use bots rather than doing it by themselves. I actually am preferred of doing it manually, coz I know that Bots are just relying on us.

One way to become a successful trader is by having ENOUGH knowledge and skills. If we are going to enhance our knowledge and skills, therefore, we have to expose ourselves to actual trading and by doing it by ourselves. What bots can do is making us lazy and helps us not to improve our skills.

Quidat

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Quote from: JooBra on April 09, 2021, 03:43:49 PM

Quote from: Questat on April 09, 2021, 09:38:25 AM

Quote from: AicecreaME on April 08, 2021, 10:15:24 AM

I don't have any idea about trading bots so I'll give my opinion on trading signals. Trading signal is good as long as you know who you're copying. Traders who provides such service should have a trial signal for assurance of course, and then after that, the subscription will come next, just to be fair. But you should put in your mind that not all of the signals are always gonna bring you early Christmas, sometimes it's heartbreak, but that's normal in Trading.

You'll not be a good professional trader without losing any penny on it. If you really wanted to take trading as your profession, then don't stop learning and trying.

We need to lose some pennies just to realize that we are wrong in using them. Maybe that works but can't stop people from thinking about using bots could help them and make them easier while gaining a good profit. How is that possible? But unfortunately, it was not how trading using Bots will works. If you don't have knowledge of trading, you can never expect that bots will work for you. Because they are still dependent on us, we do the command and bits will the rest, if we send them a wrong message, definitely, they'll be wrong as well. Before investing in these bots, make an investment first to ourselves and that to learn more.

Best way to learn is to lose money. It's like that from the start and it will be for long time. Nothing can help you in trading unless you put the time to learn all the stuff that you need to have a chance to be profitable.

Not necessarily to lose money because you can really able to less the risk for that thing to happen but well you do really got a point is that you wouldnt learn if you wont
experience such scenarios yet losing is inevitable with this market.Therefore, you should really learn up out of those mistakes and this is the only way you can really
progress forward and able to make things according to your own preference without relying on any signals nor even with bots but actually bots could really be beneficial
if you do know on how to make use of it but something in talks of relying? then its not how its should really be used.

JooBra

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Quote from: Questat on April 09, 2021, 09:38:25 AM

Quote from: AicecreaME on April 08, 2021, 10:15:24 AM

I don't have any idea about trading bots so I'll give my opinion on trading signals. Trading signal is good as long as you know who you're copying. Traders who provides such service should have a trial signal for assurance of course, and then after that, the subscription will come next, just to be fair. But you should put in your mind that not all of the signals are always gonna bring you early Christmas, sometimes it's heartbreak, but that's normal in Trading.

You'll not be a good professional trader without losing any penny on it. If you really wanted to take trading as your profession, then don't stop learning and trying.

We need to lose some pennies just to realize that we are wrong in using them. Maybe that works but can't stop people from thinking about using bots could help them and make them easier while gaining a good profit. How is that possible? But unfortunately, it was not how trading using Bots will works. If you don't have knowledge of trading, you can never expect that bots will work for you. Because they are still dependent on us, we do the command and bits will the rest, if we send them a wrong message, definitely, they'll be wrong as well. Before investing in these bots, make an investment first to ourselves and that to learn more.

Best way to learn is to lose money. It's like that from the start and it will be for long time. Nothing can help you in trading unless you put the time to learn all the stuff that you need to have a chance to be profitable.

Questat

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Quote from: AicecreaME on April 08, 2021, 10:15:24 AM

I don't have any idea about trading bots so I'll give my opinion on trading signals. Trading signal is good as long as you know who you're copying. Traders who provides such service should have a trial signal for assurance of course, and then after that, the subscription will come next, just to be fair. But you should put in your mind that not all of the signals are always gonna bring you early Christmas, sometimes it's heartbreak, but that's normal in Trading.

You'll not be a good professional trader without losing any penny on it. If you really wanted to take trading as your profession, then don't stop learning and trying.

We need to lose some pennies just to realize that we are wrong in using them. Maybe that works but can't stop people from thinking about using bots could help them and make them easier while gaining a good profit. How is that possible? But unfortunately, it was not how trading using Bots will works. If you don't have knowledge of trading, you can never expect that bots will work for you. Because they are still dependent on us, we do the command and bits will the rest, if we send them a wrong message, definitely, they'll be wrong as well. Before investing in these bots, make an investment first to ourselves and that to learn more.

Sinjokubhi

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Quote from: Scripture on April 07, 2021, 04:53:28 PM

Quote from: Innerpumper on April 07, 2021, 04:26:16 PM

Using bots is the right choice when having a lot of busyness, If having free time learning to get signals manually is the best thing, we will get it a lot of knowledge by learning technical analysis, learning some very helpful indicators, it's a lot of great.

If you’re greedy enough and want to trade even if you have a limited knowledge about trading, then BOT can be a good solution you just need to use the default settings but you should understand that BOT is not guaranteed at all and you can still lose all your money. I don’t trust any trading signal, you still need to confirm it and its too risky for a newbie if they just follow it without analyzing on their own. Trading is hard, don’t make it harder on doing so without the proper information, you have to learn how trading works in order to succeed.

Yeah, I think so too, we can't trade only by relying on BOT and even VIP subscription. Because, Bots are used to optimize the way of your trading. Not for profit automatically. Maybe you mean, you trade and entrust your assets to other people? If this is the case, you will never know where the funds in your assets were being fled or traded to. Since all you are doing is subscribing, and waiting for automatic earnings, it is actually not recommended if you want to become a trader, because the knowledge and experience you get yourself from starting trading is very necessary.

Both past and present experiences will be very useful for you to run your own assets. Learning manually is necessary, because you will know how to be able to generate profits yourself, and in subscribing you will know where your assets will be used or where to go. Because, if you ask about the development of your assets, they will surely answer with a promising answer, even though it is not necessarily true and knowing how the trade works, it can reduce your own risk, for example you can choose a good broker to trust. Don't always stick to something automatic, it will make it difficult for you in the future, to avoid the trouble or risk from happening, it would be better if you start learning how to trade manually from now on. Because the basics are important!

Reid

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Quote from: traderdyl on April 07, 2021, 04:05:45 PM

Actually accumulated over 2000 BTC back when... sold it for what it was worth at the time (under 1$) as I needed to pay my rent. never did HODL, the biggest mistake of my life, and still makes me sick to think about it.

There are worst-case than what you experienced. Remember that so you won't feel any guilt or regret.
Besides, you need that money and it gave you a place to sleep and stay out of any bad weather. That's still worth it, right?

Trading signals. I won't say "no" like never. Use it but don't extend the usage where they want you to pay for the next signal.
Leave them and find a new one with free services. Grin

Trust me, they will abuse you once you paid them, better do it to them first.

RealMalatesta

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Quote from: traderdyl on April 07, 2021, 03:25:24 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.

Because, bots are just pre-programmed codes which will react as per only pre-evaluated situations but markets are known for bringing all new situations everyday hence the chances for getting failed for a bot is more than 100%. But, learning technical analysis will get get you basic idea to withstand all kind of market situations; learning and generating own signals is really necessary one.

Quote from: The Cryptovator on April 08, 2021, 01:09:27 PM

I am assuming the signal providers give signals after they bought coins. When they give a signal to the group, ultimately coin starts pump since many traders believe in their signals and start buying. As a result earlier buyers and signal providers get profit. But who bought later, most of them losing money. I believe that's how trading signals work.

Yeah possible and must be happening in most paid signal providers as well. They are just baiting others money for their own benefits. When I am good at generating signal why should I spend all my time to convince others to subscribe my services; because, my subscribers are late buyers to help me to reach my target levels Wink

. Really unethical practice in all means.

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Quote from: traderdyl on April 07, 2021, 03:25:24 PM

Hi All,

I am a long-time advocate of cryptocurrency (mined my first bitcoins back in 2010!) but I have only ever worked/developed websites for customers for crypto and never traded. so I am a complete beginner when it comes to trading for profit but I would love to try my hand at it.

So recently (about a month) a friend introduced me to telegram Crypto Trade Signal Groups and said a few made him a ton of money (although I have never seen that proof). So I sign up for the VIP package of these signal groups. sets me back about $100 altogether and then I subscribe to the suggested Cornix bot which automatically trades on the signals these channels send. This was quite promising for me and I felt quite excited. Now a month has gone by... my portfolio has had a 2% increase and I'm now being asked to re-subscribe to Cornix and the signal groups.

So 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.

edit: money <> crypto

1 month get 2% increase only ?

The Cryptovator

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If a beginner thinks that he can make money from trading at the beginning, then most likely it's a wrong thought. I know perhaps a few newbies luckily making a profit at the beginning, but it's not countable since the amount is very less. Trading isn't easy that you are thinking. I don't believe and not familiar with the bots. But quite familiar with so-called trading signal groups. I don't know why propels need to sell their trading signals where they could make profits by themselves. But I am assuming the signal providers give signals after they bought coins. When they give a signal to the group, ultimately coin starts pump since many traders believe in their signals and start buying. As a result earlier buyers and signal providers get profit. But who bought later, most of them losing money. I believe that's how trading signals work. So you should decide on how and why should you believe in signal groups.

conected

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Quote from: acener on April 08, 2021, 09:24:20 AM

If you want to learn trading then I would say No to signal group,
For me trading signal are for those who are lazy to study the market or trading so if you plan to learn how to trade properly then I suggest to take your time studying it.

- Sorry but you have a pretty negative view on signal groups, if you talk about not participating in bots, I would fairly agree when their performance is usually very low and goes bankrupt soon but for signal groups, some have a very neutral stance and analysis is relatively stable about the crypto market, they don't need a support, you just need to follow them and they're satisfied enough for everyone to share the experience. The new trader should be more concerned about this idea, you are just a lazy when you work on the judgment of others, here you are the diligent person to understand more about signals and how to set up trading

AicecreaME

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I don't have any idea about trading bots so I'll give my opinion on trading signals. Trading signal is good as long as you know who you're copying. Traders who provides such service should have a trial signal for assurance of course, and then after that, the subscription will come next, just to be fair. But you should put in your mind that not all of the signals are always gonna bring you early Christmas, sometimes it's heartbreak, but that's normal in Trading.

You'll not be a good professional trader without losing any penny on it. If you really wanted to take trading as your profession, then don't stop learning and trying.

acener

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If you want to learn trading then I would say No to signal group,
For me trading signal are for those who are lazy to study the market or trading so if you plan to learn how to trade properly then I suggest to take your time studying it.

boyptc

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Quote from: traderdyl on April 07, 2021, 04:05:45 PM

Quote from: boyptc on April 07, 2021, 03:44:58 PM

Quick answer for trading signals: NO

Honestly, I'm interested to know what happened to the first bitcoins that you've mined then on that year? if this is a real story, you don't have to mind about trading if you still managed to hold it.

But since you're asking about trading, I guess you've spent most of it already.

A bot is helpful if you know how to manage it as it automates your strategy but it doesn't mean you'll also get automatic profit from it. But I haven't heard that one you mentioned.

I appreciate the quick and honest answer. I think I will leave it in that case.

Actually accumulated over 2000 BTC back when... sold it for what it was worth at the time (under 1$) as I needed to pay my rent. never did HODL, the biggest mistake of my life, and still makes me sick to think about it.

Ouch.

I was even thinking of those few btcs that I've sold a few years ago and they're not even a lot and I'm feeling bad to myself. But well, you're much more in what I feel.

Thanks for sharing btw.

Topic: beginner trader: Are trading signals and bots worth it? - page 6. (Read 1059 times)