Benefits Of Using Trading Signal Services And Tools

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Quote from: btc_angela on September 23, 2019, 08:20:36 AM

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My understanding is that with trading signals, you can make some judgments with more confidence.

How can you become confidence of your trading skills when you really on other signals. Old school traders will tell you that you need to sharpen your skills by doing a lot of leg work, i. e. spend countless hours to learn how to make your own TA. So I'm still at shock as to how people go and join paid trading signals just to make profit. My philosophy is that you really need to bust your ass to learn and be knowledgeable in this field of trading. There's no replacement and joy seeing you make improvement and making good money by doing the hard work first, just saying.

People buy paid signals because they are too lazy too learn the trading themselves. But the fact is that most of the paid channels provide useless signals or copy paste from other groups.

Anyways i just tried to open the site to check the prices of paid group but it look like site is down.

blatchcorn

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Quote from: bitgov on October 16, 2021, 05:53:32 PM

Personally, I find it very irresponsible to rely on paid signals when making investment decisions. If someone doesn't know how to trade, they just shouldn't. In my opinion, paid signals simply prefer to get paid when someone else is risking money. They're just afraid to risk their own money.

Paid signals are highly not recommended. If they are that much capable then why they themselves are not making money on there own signals rather selling them for few bucks. Its your own hard earned money and it must be invested on your own decisions.

Take risk, either you win or you learn something.

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how much price follow your signal
youre link share can't access, and how much percentage accurate youre signal

hodlvalley

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This is really a subjective field, not all trading signal tools and services are made equal. Some are based on rigidly backtested strategies utilising machine learning, probability, risk adjustment, reliable trading patterns, while others are based on the subjective whims of self-proclaimed gurus. Like anything in crypto or investing, doing your own research, only investing in things you understand, and managing your risk are all critical in being successful and minimising your downside.

bitgov

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Personally, I find it very irresponsible to rely on paid signals when making investment decisions. If someone doesn't know how to trade, they just shouldn't. In my opinion, paid signals simply prefer to get paid when someone else is risking money. They're just afraid to risk their own money.

palle11

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Quote from: michellee on October 13, 2021, 11:38:23 AM

If you only follow the trading signals without learning by yourself, you will regret it in the future, especially when the service is not available anymore.

Moreover too very many trading groups are not giving the accurate signal for you to make profit. If they want to pump a coin they don't let you know that is there plan but they ask you to go buy that coin which will automatically increase the volume and price too, they dump there hodling while you still hodl because there price have appreciated. In business, the next man want to beat the other man so better learning your skill by yourself and be independent.

michellee

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If that is your benefit, you can still use that trading signal and try to make a profit because, for me, I better learn more about trading and not using any trading signal services. I never heard about that company you mentioned so I think it will not be good for other people or me to follow you. Doing trading needs skills from ourselves that we get from learning many lessons. If you only follow the trading signals without learning by yourself, you will regret it in the future, especially when the service is not available anymore.

ultrloa

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Quote from: TinaK on October 08, 2021, 01:58:41 PM

Quote from: noormcs5 on October 07, 2021, 03:13:36 AM

Quote from: DoublerHunter on September 23, 2019, 09:42:52 AM

I strongly agree on OP's post it is very explained it well. Yes, you can have benefits of using signal services and tools but don't rely upon them. Instead, use them as your reference and you can be compared your work and research towards them. But when it comes you relying on them, I suggest NO. Just like me when I was on trading before(but now I just take my break), I used trading tools(gunbot) and also joining a hype group. But I never follow what they say instead, I always taking an advance against their plan.

If you have a good understanding of trading, it will still be quite difficult for you to select the coin to trade with. Here where the trading signals groups can help you. Since they publish 3 to 4 trading ideas per day, you can then use your knowledge to take the trade. Once you get experienced, you can then trade without the help of any signals.

What if one day when you believed too much in the signal group that you have joined but instead of having profit it was just a trap that could easily wipe out your money in just a matter of an hour. Maybe it can help to join a group but don't rely on them, instead, make them experienced so that you will gain knowledge. Gaining knowledge is very important in trading, if you have 10 streaks lose, just think it over that you will recover you lose.

Overall, it is a very good idea to join a signal group, but it could be destroyed your dream house there.

Well that could possibly happen if you join in new group which doesn't have credibility upon giving signals yet and you will be at risk for following their given signals that's why if you want to follow something like this you need to search those who have huge community then check if the signals given have a basis or reliable sometimes, but it doesn't mean that you will follow them since it always important that you do your own research to avoid losing your money on bad trades.

TinaK

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Quote from: noormcs5 on October 07, 2021, 03:13:36 AM

Quote from: DoublerHunter on September 23, 2019, 09:42:52 AM

I strongly agree on OP's post it is very explained it well. Yes, you can have benefits of using signal services and tools but don't rely upon them. Instead, use them as your reference and you can be compared your work and research towards them. But when it comes you relying on them, I suggest NO. Just like me when I was on trading before(but now I just take my break), I used trading tools(gunbot) and also joining a hype group. But I never follow what they say instead, I always taking an advance against their plan.

If you have a good understanding of trading, it will still be quite difficult for you to select the coin to trade with. Here where the trading signals groups can help you. Since they publish 3 to 4 trading ideas per day, you can then use your knowledge to take the trade. Once you get experienced, you can then trade without the help of any signals.

What if one day when you believed too much in the signal group that you have joined but instead of having profit it was just a trap that could easily wipe out your money in just a matter of an hour. Maybe it can help to join a group but don't rely on them, instead, make them experienced so that you will gain knowledge. Gaining knowledge is very important in trading, if you have 10 streaks lose, just think it over that you will recover you lose.

Overall, it is a very good idea to join a signal group, but it could be destroyed your dream house there.

arwin100

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Quote from: noormcs5 on October 07, 2021, 03:13:36 AM

Quote from: DoublerHunter on September 23, 2019, 09:42:52 AM

I strongly agree on OP's post it is very explained it well. Yes, you can have benefits of using signal services and tools but don't rely upon them. Instead, use them as your reference and you can be compared your work and research towards them. But when it comes you relying on them, I suggest NO. Just like me when I was on trading before(but now I just take my break), I used trading tools(gunbot) and also joining a hype group. But I never follow what they say instead, I always taking an advance against their plan.

If you have a good understanding of trading, it will still be quite difficult for you to select the coin to trade with. Here where the trading signals groups can help you. Since they publish 3 to 4 trading ideas per day, you can then use your knowledge to take the trade. Once you get experienced, you can then trade without the help of any signals.

It somehow helpful but we should choose atleast the best signals givin by a reputable trader since they are the one who can give a possible insights but this one is so hard to find right now and even if someone gives it to us maybe its good to read up what coins they are showing since we might get a trap if certain coins hype up for them to get a profit so studying on what coins to buy is a must so that we can learn on how to trade properly without or with signals provided by someone we call trading coach.

noormcs5

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Quote from: DoublerHunter on September 23, 2019, 09:42:52 AM

I strongly agree on OP's post it is very explained it well. Yes, you can have benefits of using signal services and tools but don't rely upon them. Instead, use them as your reference and you can be compared your work and research towards them. But when it comes you relying on them, I suggest NO. Just like me when I was on trading before(but now I just take my break), I used trading tools(gunbot) and also joining a hype group. But I never follow what they say instead, I always taking an advance against their plan.

If you have a good understanding of trading, it will still be quite difficult for you to select the coin to trade with. Here where the trading signals groups can help you. Since they publish 3 to 4 trading ideas per day, you can then use your knowledge to take the trade. Once you get experienced, you can then trade without the help of any signals.

passwordnow

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Quote from: sheenshane on October 05, 2021, 06:19:07 PM

Quote from: passwordnow on October 05, 2021, 05:48:51 PM

..that's how they'll milk with the users and not with trading.

That is how I exactly thinking, they are just fooling people by giving inaccurate results.

I hope that many of the newbies won't be a victim by these scam signal services because they're not really worth it. And these newbies or whoever joins these paid groups, they're just putting their money to an uncertain thing and there's no return for them. Well, there's actually a return for them if they'll analyze it and that return will come to them at the end of it. And that is when they've learned that signals are not what they've expected and it's the lesson and return that they'll take.

sheenshane

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Therefore, it's probably only worth considering trade signals with a regulated provider.

Who are they? Are they able to predict the crypto market and why they called you a regulated provider?
AFAIK, crypto price is unpredictable so no one knows exactly the direction of the coins, not unless if they do have a pump and dump so that the coin will move independently towards Bitcoin price movement. I think there's no such kind of group that gives an accurate result, they might pump and dump group that you should stay away while they didn't have milking you yet.

Quote from: passwordnow on October 05, 2021, 05:48:51 PM

..that's how they'll milk with the users and not with trading.

That is how I exactly thinking, they are just fooling people by giving inaccurate results.

passwordnow

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Quote from: ?? on ??

in my point of view That depends on where you're getting them from and your attitude to risk.

It's just not worth it at all, majority of them aren't worth to take those signals.

Quote from: ?? on ??

For most people, it definitely isn't worth taking a chance on a signal from someone who may have no real credentials. Therefore, it's probably only worth considering trade signals with a regulated provider.

It's a different case if you have found someone that provides that much accurate signals then for sure you'll stay with that. But I doubt it that you can find that there's one in existence and free, they'll ask payments for VIP options and that's how they'll milk with the users and not with trading.

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If someone can found the best trading signal company then its fine, but majority of them in the end will not be effective or will have negative returns. So instead if one himself/herself can learn some basic of identifying opportunities and invest will be more fruitful as well it will be a learning as well. This is what I follow.

Slow death

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Quote from: Hobo66 on July 31, 2021, 06:50:43 AM

Trading Signal frim telegram group or any other source may be 60% proves correct but its all on chart analysis base but crypto is not totally dependable on chart. Sometime a good News can create bullish trend for specific coin and sometime bad news can create bear trend.

I agree, for this reason I do not use these signals services, I prefer to do my own technical analysis, decide for myself when to buy, when to sell and STOP - LOSS and when something goes wrong and I lose money I learn with This mistake and I don't make the same mistake again, the practice leads to perfection and is a knowledge that is engraved in our head for a long time without counting that the person becomes free. be dependent on signs Is a serious mistake.

Hobo66

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Trading Signal frim telegram group or any other source may be 60% proves correct but its all on chart analysis base but crypto is not totally dependable on chart. Sometime a good News can create bullish trend for specific coin and sometime bad news can create bear trend. I self followed Twitter pages of all big coins and when some big news reveals i take early entry. This very help for me.

BIN-BIN

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Am not against the use of trading signal apps and site, but the fact is so many of such services have turned out to hurt more than it helps you in making a trading decision. But you should build your trading techniques along the way as you keep trading, you gain more knowledge on how to make the best trading decision rather than using a service that may scam you at the end.

michellee

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Even if that can give benefits by using trading signal services, we still need to analyze and not just accept their suggest as they can not always give a right signal. They can get wrong, especially if the market moves like what we see so far so it will be better if we can search for more information and place with the price that we can accept.

If you decide to use their services, you need to pay some money to them because as far as I see, their signals is not free and they use subscribing for their members.

arwin100

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Quote from: Quidat on October 02, 2019, 02:04:45 PM

Quote from: romero121 on October 01, 2019, 09:34:14 PM

From various experiences put forth by different users following different trading signals what these services provide is just a outlook of the market. Based on the same they make predictions. Here if the predictions gets coincidence with the reality of the market move it is a success. When we calculate the success percentage in this manner it is very small.

Among ten there might be one trading signal group that functions with legitimacy. Remaining all were a try to get some earning out of the users through the premium. Even if we are following the legit trading signal services group we don't get the assurance of profiting. Good is to keep the signal provided as a reference and do your own research before making a trade.

Legit trading signal services does exist but these places are just only good for you to have some additional information and analysis on your own.
Groups that do had premium features is total BS. They arent offering something or beneficial but they are just simply trying to make money
with those dumb people whom do believe that precise predictions to exist but in the end they are just simply scamming out their members.

I don't really believe on that signals group since as you said they just created that just to take the money of their followers and we shouldn't believe their signals drop since no one can actually predict the market accurately although maybe we can get a good basis base on their given signal but still we need to rely on our own observations.

Better for newbie traders to not avail those paid vip signal groups since they can learn the technicalities about trading if they do extra effort to research the information they need about tradings.

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Quote from: romero121 on October 01, 2019, 09:34:14 PM

From various experiences put forth by different users following different trading signals what these services provide is just a outlook of the market. Based on the same they make predictions. Here if the predictions gets coincidence with the reality of the market move it is a success. When we calculate the success percentage in this manner it is very small.

Among ten there might be one trading signal group that functions with legitimacy. Remaining all were a try to get some earning out of the users through the premium. Even if we are following the legit trading signal services group we don't get the assurance of profiting. Good is to keep the signal provided as a reference and do your own research before making a trade.

Legit trading signal services does exist but these places are just only good for you to have some additional information and analysis on your own.
Groups that do had premium features is total BS. They arent offering something or beneficial but they are just simply trying to make money
with those dumb people whom do believe that precise predictions to exist but in the end they are just simply scamming out their members.

Quote from: ?? on ??

Xoчy нaчaть paбoтaть c кpиптoвaлютoй чтo для этoгo нyжнo пpoчecть и cкaчaть?

This is an english board and you should have posted or use the same.If not then stick out on your local board.

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From various experiences put forth by different users following different trading signals what these services provide is just a outlook of the market. Based on the same they make predictions. Here if the predictions gets coincidence with the reality of the market move it is a success. When we calculate the success percentage in this manner it is very small.

Among ten there might be one trading signal group that functions with legitimacy. Remaining all were a try to get some earning out of the users through the premium. Even if we are following the legit trading signal services group we don't get the assurance of profiting. Good is to keep the signal provided as a reference and do your own research before making a trade.

Shasha80

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I must admit using trading signal services the benefits we can get in making decisions.
My experience using trading signal services has many lessons that can be taken.
In my opinion there are two types of trading signal services the first free we can get in the telegram group.
And that second premium trading signal services are usually paid.

I'm a lot experience a loss by following a free trading signal.
Compared to the paid premium the results are usually much different, if
the premium results are usually 80% accurate.
But since in the world of trading there is no 100% accurate possibility,
then it must be wise in making decisions. So everything is back
to each of us whether to believe in trading signal services or
regards trading signal services as a cause of failure to retrieve
decision. My suggestion is better while learning little by little technique
trading, the trading services signal is only as a comparison decision
we will take to sell or buy.

Jating

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Quote from: Theb on September 24, 2019, 11:28:34 AM

Your post/adverstisement is in the assumption of a trading signal will give a “guaranteed” profit for the users when in fact most of them are just sipping out money from its users. Even the ones who aren't in Telegram groups will milk their users' crypto on their trading signal. Even if the trading signal is of high reputation and is known on having a good ROI I still wouldn't recommend it to traders much more for newbies, it makes then dependent on such tools that they don't really learn anything how to trade on their own. If they rely heavily on it and the bought the position that failed they can only blame themselves for not doing their own background checks.

Very well said, the ads really take everything into another perspective, but at the end of the day we really have to understand that it is a business after all, specially noobs traders who can easily fall for this kind of marketing. It was well explained at the beginning, but we all know that trading signals will just milk money from unsuspecting victims in the crypto sphere.

@DoublerHunter - How can it be beneficial for noobs and not rely on those paid trading signals? Of course they will use it without even looking as to what is the reasoning behind. It is not a guarantee for a success that's for sure.

Theb

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Your post/adverstisement is in the assumption of a trading signal will give a “guaranteed” profit for the users when in fact most of them are just sipping out money from its users. Even the ones who aren't in Telegram groups will milk their users' crypto on their trading signal. Even if the trading signal is of high reputation and is known on having a good ROI I still wouldn't recommend it to traders much more for newbies, it makes then dependent on such tools that they don't really learn anything how to trade on their own. If they rely heavily on it and the bought the position that failed they can only blame themselves for not doing their own background checks.

GreatArkansas

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I also experienced some of trading signals are useful or you can get some lesson from them because they also share their analysis for every signal they provide, for example they have this chart for this call and they have the reason why they enter the trade. Also there are some signal group that providing lesson for free as long as you are already subscriber for them.
It's always on your decision, because every signal group are just providing their signal, you are the one who will execute the trade, so you have the last decision whether to take the call and execute the trade.

DoublerHunter

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I strongly agree on OP's post it is very explained it well. Yes, you can have benefits of using signal services and tools but don't rely upon them. Instead, use them as your reference and you can be compared your work and research towards them. But when it comes you relying on them, I suggest NO. Just like me when I was on trading before(but now I just take my break), I used trading tools(gunbot) and also joining a hype group. But I never follow what they say instead, I always taking an advance against their plan.

btc_angela

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Quote from: ?? on ??

My understanding is that with trading signals, you can make some judgments with more confidence.

How can you become confidence of your trading skills when you really on other signals. Old school traders will tell you that you need to sharpen your skills by doing a lot of leg work, i. e. spend countless hours to learn how to make your own TA. So I'm still at shock as to how people go and join paid trading signals just to make profit. My philosophy is that you really need to bust your ass to learn and be knowledgeable in this field of trading. There's no replacement and joy seeing you make improvement and making good money by doing the hard work first, just saying.

CryptopreneurBrainboss

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In my philosophy, you're far better practicing and developing yourself into a professional trader by focusing on understanding and analyzing the market yourself. Making mistakes along the line and learning from those mistakes. Relying on a 3rd party for signal doesn't develop you into a tarde only makes you dependant on those signal providers which a guarantee to get successful trade aren't assured and when you do lose, you learn nothing to add to your experience as a trader.

As a beginner, you can rely on this signal providers for the time being although I don't recommend a continuous patronage of them if you intend developing yourself into a professional trader. Just as OP have listed some advantage of using signal providers, they also have disadvantages which includes;

There's a high rate of you getting scammed by disguise fraudulent signals posing as legitimate signal providers. The industry is a host to lot of scams.
The fees associated with these signal providers are just outrageous and the assurance of you profiting from the trade isn't gauranted irrespective of that, you still get charged
For the copy and past signal providers, there's a time limitation as you have to be available to benefit from their signal at a particular time and as of the automatic signal providers making use of reboot to place trade on your account, some technical difficulties, could cost you your trade. Etc.

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I am from Forex world.

Envisaging a career in trading is not yet complete until you understand the entire concept of Forex. Trading cryptocurrency, foreign exchange, and other useful items require total professionalism and the right system. Some important things to consider when trading are reliable signals, reading of charts, following market trends, and much more. The truth remains that it is never an easy task to trade Forex or any other type of stock. Reading this content will help you discover the advantages of using trading signal services or tools.

Reasons Why People Lose Money When Trading

The difficulty in understanding how Forex works have made a lot of people lose a massive amount. The truth is that the act of losing money during Forex or crypto trading often happen to people, time and again. A lack of experience is one of the main reasons people end up losing their investment in trading. When you lack the basic strategies, tools, and even ideas on how the process works, it can eventually lead to a complete disaster in trading.

Another reason why people lose money during trading is the lack of knowledge. Lacking knowledge means that a trader does not know the right tools and approach to handling any trading opportunities. Ignorance about what to do when engaging in Forex trading is the same as a lack of knowledge.

Some people even if they have enough money to trade do not create time to learning the entire process of trading. It is crucial to have certain tools to boost your trading experience and potential. When these tools are available, you will no longer experience any difficulty in trading Forex, crypto or stock.

Advantages Of Using A Trading Signal Indicator:

1. It provides high profitable trading signals for both newbie and professional traders
2. Strong and reliable trading information that can help people trade with peace of mind
3. A signal trading indicator helps to identify the right environment to trade. It will help to cut out the guesswork and point you to the actual area of maximum profit
4. It provides 24/7 alerts along with precise signals that can help get rid of your phobias when trading
5. It is easy and simple to use without creating any difficulty to the user

iTrade Alert Signals:

It is a company that provides crypto & Forex signals and other trading resources. iTrade Alert Signals has created a well-designed system that helps to beauty your chances of trading like a professional. With the Forex Momentum Indicator, traders will get greater profits and higher accuracy for any trade. We use the manual approach to provide our prospective customers effective and profitable signals. We know that trading is daunting and overwhelming for both veteran and beginner traders. The Forex Momentum indicator provides 24/7 alerts through an instant text message system. Whether it is on CFD, digital assets, or Forex, our indicator can send you an immediate text message alert.

Another thing about the trading signal indicator is that you will always get accurate and consistent results. Our system is optimized to offer high probability and strong trading signals. It will also help to harness the real place where anyone can trade without fear or risk. With our indicator, it is now possible to perform a comprehensive analysis of your trading activity before investing. It means that you will no longer waste time, effort, and resources when using our trading indicator. Whether it is for trading timeframes or cross pairs, our system can deliver in an ephemeral of time. Give us a call now and we will ensure to provide you the best information about how to go with trading successfully.

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