Better to have a trading knowledge than depending on signals.

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Quote from: irhact on July 09, 2023, 07:30:59 AM

Quote from: nur rochid on July 07, 2023, 09:41:59 PM

it is better to have knowledge yourself than to hope for a signal. however, if we can react to it, the signal service is also not bad. this means that novice traders can observe how to trade from the signals they follow, but afterwards can take lessons and learn to find trading patterns that suit themselves. but in reality many traders actually rely entirely on signals, and are lazy to learn, things like that should be avoided, because it's impossible for us to depend on signals forever, especially if it's definitely paid

This is one of the reasons signals group aren't recommended because it'll make you lazy and neglecting to learn how to read charts and predict yourself how the market is going to move. When you start getting signals and they're working well for you, you'll want to remind at the stage you're and this will be dangerous as you won't be getting any real experience as a trader and can't find reasons why the trades that didn't work are doing so, you'll be left in the dark.

Signals are only good for a short while and you can use them to raise capital for yourself but if you want to become a professional trader then you need to be doing things yourself so you can learn from your mistakes and improve on them while gaining experience as well.

most beginners in trading are often interested in channels that share trading signals. not necessarily bad, but for those who don't have the ability to re-analyze the given signal. this can be bad. especially when the signal is given for some altcoin or even shitcoin. remain careful in choosing the channel, sometimes there are interests of pumps and dumps that are intended for the benefit of only a few parties. keep learning and developing our skills will be better.

irhact

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Quote from: nur rochid on July 07, 2023, 09:41:59 PM

it is better to have knowledge yourself than to hope for a signal. however, if we can react to it, the signal service is also not bad. this means that novice traders can observe how to trade from the signals they follow, but afterwards can take lessons and learn to find trading patterns that suit themselves. but in reality many traders actually rely entirely on signals, and are lazy to learn, things like that should be avoided, because it's impossible for us to depend on signals forever, especially if it's definitely paid

This is one of the reasons signals group aren't recommended because it'll make you lazy and neglecting to learn how to read charts and predict yourself how the market is going to move. When you start getting signals and they're working well for you, you'll want to remind at the stage you're and this will be dangerous as you won't be getting any real experience as a trader and can't find reasons why the trades that didn't work are doing so, you'll be left in the dark.

Signals are only good for a short while and you can use them to raise capital for yourself but if you want to become a professional trader then you need to be doing things yourself so you can learn from your mistakes and improve on them while gaining experience as well.

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Quote from: xSkylarx on July 09, 2023, 01:00:43 AM

Quote from: TheSpiral on July 08, 2023, 01:56:56 PM

Quote from: Rockstarguy on July 08, 2023, 01:26:25 PM

Quote from: macson on July 06, 2023, 07:04:12 PM

if you do trading but continue to rely on signals then you will forever not have the ability to make decisions, you will only be stuck with the directions from these trading signals besides that trading signals still have big enough mistakes so try to learn the basics of trading slowly and consistently is highly recommended rather than just relying on decisions from trading signals.

Without the knowledge the signals will be useless, it is not possible for any one to succeed in trading Without having knowledge. Trading is always complicated in the absence of knowledge to trade. Beginners need to make knowledge about trading to be their priority because their is no shortcut to make profit in trading without getting knowledge first, then signals can be used too as alternative way to make a trade to come out with a good output.

Some traders having basic knowledge of trading are also following signals of other. Maybe sometimes it works because signal providers could be legit person having good knowledge of analysis but still following signal will be avoided for traders because it will close the door of learning. it is better to learn and analyse the market and trade by making own signals. if other can do we can also do. Its not complicated task and with the little learn will make you able to trade byself

Trading is complicated, and it is not a task; it is a skill that you need over time, and you can't learn it in just one night. It seems easy to say, but a lot of hard work and patience need to go into this, as well as trial and error. That is why those newbies want those trading signals because they are scared to learn them and not thinking about the long-term aspects. It is really better to learn on your own because in this world, you and yourself are the only ones you can rely on in terms of trading.

For a while it's actually not a problem to use signals but beginners also need to think for the long term,
we cannot continuously rely on signals that is why it is necessary to learn knowledge and skills,
back again it all depends on the decision of each of you.

xSkylarx

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Quote from: TheSpiral on July 08, 2023, 01:56:56 PM

Quote from: Rockstarguy on July 08, 2023, 01:26:25 PM

Quote from: macson on July 06, 2023, 07:04:12 PM

if you do trading but continue to rely on signals then you will forever not have the ability to make decisions, you will only be stuck with the directions from these trading signals besides that trading signals still have big enough mistakes so try to learn the basics of trading slowly and consistently is highly recommended rather than just relying on decisions from trading signals.

Without the knowledge the signals will be useless, it is not possible for any one to succeed in trading Without having knowledge. Trading is always complicated in the absence of knowledge to trade. Beginners need to make knowledge about trading to be their priority because their is no shortcut to make profit in trading without getting knowledge first, then signals can be used too as alternative way to make a trade to come out with a good output.

Some traders having basic knowledge of trading are also following signals of other. Maybe sometimes it works because signal providers could be legit person having good knowledge of analysis but still following signal will be avoided for traders because it will close the door of learning. it is better to learn and analyse the market and trade by making own signals. if other can do we can also do. Its not complicated task and with the little learn will make you able to trade byself

Trading is complicated, and it is not a task; it is a skill that you need over time, and you can't learn it in just one night. It seems easy to say, but a lot of hard work and patience need to go into this, as well as trial and error. That is why those newbies want those trading signals because they are scared to learn them and not thinking about the long-term aspects. It is really better to learn on your own because in this world, you and yourself are the only ones you can rely on in terms of trading.

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Quote from: goldkingcoiner on July 07, 2023, 11:21:59 AM

Signals are complete scams and should be ignored by all traders.

With signals there is always a catch. Either the person or group who creates the signals is demanding money or is trying to grow their community to a point where its large enough and then they start demanding money in the form of some fee.

They are always so confident in the signals but often try to desperately hide their failures or make excuses for them.

You would have to be really gullible to fall for trading signals. Roll Eyes

If you want to trade then learn the ins and outs yourself. All the information you need is on the internet and all you need to do is google it. Although I would recommend trading testcoins and not real coins until you feel that you are ready to do so.

Well, but sometimes many people want instant results. They are lazy to do a deep analysis or deepen their trading knowledge, and depend on signals. In fact, many people use this. They sell the signals they get for people who don't want to do research and want instant results. This also causes people to see trading easier. Because only with signals, they can get big profits.
Well, although some people successfully guess the movement of prices through signals, the risks they do are very large. It would be better if the knowledge of trading was increased rather than depending on the signal.

TheSpiral

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Quote from: Rockstarguy on July 08, 2023, 01:26:25 PM

Quote from: macson on July 06, 2023, 07:04:12 PM

if you do trading but continue to rely on signals then you will forever not have the ability to make decisions, you will only be stuck with the directions from these trading signals besides that trading signals still have big enough mistakes so try to learn the basics of trading slowly and consistently is highly recommended rather than just relying on decisions from trading signals.

Without the knowledge the signals will be useless, it is not possible for any one to succeed in trading Without having knowledge. Trading is always complicated in the absence of knowledge to trade. Beginners need to make knowledge about trading to be their priority because their is no shortcut to make profit in trading without getting knowledge first, then signals can be used too as alternative way to make a trade to come out with a good output.

Some traders having basic knowledge of trading are also following signals of other. Maybe sometimes it works because signal providers could be legit person having good knowledge of analysis but still following signal will be avoided for traders because it will close the door of learning. it is better to learn and analyse the market and trade by making own signals. if other can do we can also do. Its not complicated task and with the little learn will make you able to trade byself

Rockstarguy

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Quote from: macson on July 06, 2023, 07:04:12 PM

if you do trading but continue to rely on signals then you will forever not have the ability to make decisions, you will only be stuck with the directions from these trading signals besides that trading signals still have big enough mistakes so try to learn the basics of trading slowly and consistently is highly recommended rather than just relying on decisions from trading signals.

Without the knowledge the signals will be useless, it is not possible for any one to succeed in trading Without having knowledge. Trading is always complicated in the absence of knowledge to trade. Beginners need to make knowledge about trading to be their priority because their is no shortcut to make profit in trading without getting knowledge first, then signals can be used too as alternative way to make a trade to come out with a good output.

nur rochid

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it is better to have knowledge yourself than to hope for a signal. however, if we can react to it, the signal service is also not bad. this means that novice traders can observe how to trade from the signals they follow, but afterwards can take lessons and learn to find trading patterns that suit themselves. but in reality many traders actually rely entirely on signals, and are lazy to learn, things like that should be avoided, because it's impossible for us to depend on signals forever, especially if it's definitely paid

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Quote from: justdimin on July 06, 2023, 05:31:00 AM

Quote from: Fredomago on July 04, 2023, 07:38:19 AM

Quote from: Kasabus on July 03, 2023, 04:44:47 PM

I guess everyone has tried buying trading signals and I can say that not all of them have made profits after that. Simply because paid trading signals do not guarantee success. That is why traders should never be involved in trading if they will only rely for other people’s knowledge in trading. They should have their own knowledge and mastery in their skills to trade, even set their own strategies that will make their trades successful. That way, they will trade because they know how to deal with the market’s volatility and with their own knowledge and develop strategies in trading, most likely they will end up trading with profits rather than see theirselves at the losing end.

Good point, though you can also buy subscription in learning the basic patterns some paid study will help you in identifying the potential market movements, but same with your perceptions it is better to have your own knowledge and not just to rely with any paid signals, by the way paid education or trainings are far different from buying signal at all.

You should work with your own knowledge and keep yourself with many more ideas on how to develop and establish a good strategy to have some edge with your trading practices.

If you do that, then you may "learn" how to do it, but you will always be tied to them because those type of places will want to keep you so they will mostly teach you one thing for a whole month, too slow, and then move to next one another month, just to keep you there.

There are a lot of free places where you can learn this, of course the "free" part is that the people who share them make money from ads, like youtubers for example, or even articles, because they need to earn too, but it doesn't have to be from you. I believe that the best thing to do in this case is to make sure that you can end up with a profit over course of some time, and I believe that's going to be possible if you could learn yourself without paying someone else.

Slowly but still progressing, the intention is to learn things as it will shower your with good benefits, and you said it right, those free tutorials that we can find online they are also earning from it, they wanted to gain views and traffics to give them good earnings they are sharing their knowledge and it's up to you on how to execute.

The basic principle is to learn how to guard your assets and how to make a good decision making from both sides, buy when the market is down and sell when the market is pumping.

Your take would be depending on how you learn from those learning materials that you gathered.

Hamphser

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Quote from: letteredhub on June 20, 2023, 04:39:33 AM

Trading in crypto could be a difficult task that not so many persons involved in trading do actually make the kind of profits people assume that traders might be making when compared to investors that are only into HODLing. As a crypto trader a lot of serial capacity building in knowledge is needed on a daily as it is a necessity for sufficient and profitable crypto trading journey.

But, a wrong trend I observed among some group of crypto traders is that of a framework of so much interest in paying for trading signals stead of taking the pain in keenly learning to build a robust knowledge about crypto trading.

As a trader that relies on buying signals, how confident are you about the continuous availability of those signals. Would they always be accurate and dependable? Heavily depending on signals is parallel to same thing as someone else trading for you with your money. How ironical!

Don't get me wrong. I am not condemning buying of signals perhaps it would be more accrue-able, profitable and less vulnerable for you if you're knowledgeable in crypto trading and decide adding up with buying of signals if need be. Learning about crypto knows no boundaries.

Nothing beats out on having your own knowledge rather than on relying into others signal on which it doesnt really have no sense on doing so specially on this which it cant be on long term or definitely you wouldn't really be able to make yourself more good as you do keep on doing this. Its not bad to snip out ideas and analysis from others though but you should really be that so mindful about on making yourself that
independent so that you would really be able to stand on your own on the time that you would really be deciding on going solo.

Sooner or later you would really be able to realize along the way that it wont really be that so needed for you to follow someone forever. You would really be having that kind of feeling on being independent
on which it would really be that something a must thing to be done because we do prefer on depending or relying with our own analysis on which it wont really be giving out that kind of
regret on the time that you would be making out mistakes or losing trades.

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Quote from: letteredhub on June 20, 2023, 04:39:33 AM

As a trader that relies on buying signals, how confident are you about the continuous availability of those signals. Would they always be accurate and dependable? Heavily depending on signals is parallel to same thing as someone else trading for you with your money. How ironical!

I ever experienced this, signals never guarantee for profits. Most signals are given too late, the entry time has been over when they share the signals. I feel that buying signal just waste money because it doesn't really help us. Even if the signals can help for profits, it won't be so significant because they signals come not in the best time to buy (entry time).

Signals are also ineffective when the market trend changes suddenly. Or there is bad news about the coins that come suddenly. So, we still need to do analysis even if we got signals from paid groups. This makes buying signals not really effective because we still need to do own research. Why we don't get the signals ourselves?

In addition, buying signal never makes be smarter in trading. It makes us to have no improvement in trading knowledge. We becomes have a lack ability in analysis both on the coins and the market trends it self. It is because buying signals lead us to be lazy, we never learned seriously.

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Signals are complete scams and should be ignored by all traders.

With signals there is always a catch. Either the person or group who creates the signals is demanding money or is trying to grow their community to a point where its large enough and then they start demanding money in the form of some fee.

They are always so confident in the signals but often try to desperately hide their failures or make excuses for them.

You would have to be really gullible to fall for trading signals. Roll Eyes

If you want to trade then learn the ins and outs yourself. All the information you need is on the internet and all you need to do is google it. Although I would recommend trading testcoins and not real coins until you feel that you are ready to do so.

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Quote from: macson on July 06, 2023, 07:04:12 PM

trading signals are indeed good ^{(make your time efficient without you having to have good skills in trading)} so that until now there are many people who feel comfortable using them but the bad thing that will happen to traders if they continue to use trading signals is dependency.

if you do trading but continue to rely on signals then you will forever not have the ability to make decisions, you will only be stuck with the directions from these trading signals besides that trading signals still have big enough mistakes so try to learn the basics of trading slowly and consistently is highly recommended rather than just relying on decisions from trading signals.

That's true, but if we compare it, we will find that the negatives will outweigh the positives if we continue to rely solely on it.
As you said, we will most likely not be able to make decisions if we continue to rely on signals. Even if we have our own analysis and then the signals we follow are different from the results of our analysis, then we will be unsure of our own abilities. This is one example of the negatives of relying on signals.
In this space, we are required to have a lot of knowledge, and if we only rely on signals, then what learning do we get? I don't see it.
It will result in less confidence in our potential, and for me when we are not confident in what we have is a very bad thing. Because after all, things have to be based on the confidence that we have.
Many people who have the ability but they are not confident, the result is that they cannot develop their abilities. Whereas in life (not just trading) we must be able to develop our abilities at all times.

macson

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trading signals are indeed good ^{(make your time efficient without you having to have good skills in trading)} so that until now there are many people who feel comfortable using them but the bad thing that will happen to traders if they continue to use trading signals is dependency.

if you do trading but continue to rely on signals then you will forever not have the ability to make decisions, you will only be stuck with the directions from these trading signals besides that trading signals still have big enough mistakes so try to learn the basics of trading slowly and consistently is highly recommended rather than just relying on decisions from trading signals.

tygeade

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Quote from: Desscount on July 06, 2023, 06:12:17 AM

Occasionally relying on a signal, I don't think it's a problem as long as its use is still at a normal level,
don't let us depend on using signals and it's much better to have knowledge because that will make us grow,
with that knowledge will provide broader ideas and be able to find strategies that suit us.

Occasionally could lead to frequently that's the problem. Assume that you occasionally do it and one time you did it suddenly you made some great profit and that was it, you get hooked on it and I would guess that you started to do a lot more frequently, wouldn't that be a problem?

I feel like that's going to be a trouble and we shouldn't be really doing that at this moment. Just realize that it is going to be a tough situation and as long as you end up with a better result you should be fine about it. I know that it will take time before people are aware that this is a hard business and signals could make you profit once but then lose you ten times in a row. So if you do that then you are going to end up with a trouble and should be careful.

cute nmp

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As a trader for almost two and a half years i will advise anyone going into the trading business to learn how to trade by themselves ,It is much better for one to get educated about trading before diving in, Never depends on anyone cause they can also be wrong at times .If you are well educated you can analyze your own charts, pick the best set-up to trade, monitor your losses and profits and at the same time keeping consistency in the long run which nobody can do it for you.

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Quote from: Fredomago on July 04, 2023, 07:38:19 AM

Quote from: Kasabus on July 03, 2023, 04:44:47 PM

I guess everyone has tried buying trading signals and I can say that not all of them have made profits after that. Simply because paid trading signals do not guarantee success. That is why traders should never be involved in trading if they will only rely for other people’s knowledge in trading. They should have their own knowledge and mastery in their skills to trade, even set their own strategies that will make their trades successful. That way, they will trade because they know how to deal with the market’s volatility and with their own knowledge and develop strategies in trading, most likely they will end up trading with profits rather than see theirselves at the losing end.

Good point, though you can also buy subscription in learning the basic patterns some paid study will help you in identifying the potential market movements, but same with your perceptions it is better to have your own knowledge and not just to rely with any paid signals, by the way paid education or trainings are far different from buying signal at all.

You should work with your own knowledge and keep yourself with many more ideas on how to develop and establish a good strategy to have some edge with your trading practices.

Occasionally relying on a signal, I don't think it's a problem as long as its use is still at a normal level,
don't let us depend on using signals and it's much better to have knowledge because that will make us grow,
with that knowledge will provide broader ideas and be able to find strategies that suit us.

justdimin

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Quote from: Fredomago on July 04, 2023, 07:38:19 AM

Quote from: Kasabus on July 03, 2023, 04:44:47 PM

I guess everyone has tried buying trading signals and I can say that not all of them have made profits after that. Simply because paid trading signals do not guarantee success. That is why traders should never be involved in trading if they will only rely for other people’s knowledge in trading. They should have their own knowledge and mastery in their skills to trade, even set their own strategies that will make their trades successful. That way, they will trade because they know how to deal with the market’s volatility and with their own knowledge and develop strategies in trading, most likely they will end up trading with profits rather than see theirselves at the losing end.

Good point, though you can also buy subscription in learning the basic patterns some paid study will help you in identifying the potential market movements, but same with your perceptions it is better to have your own knowledge and not just to rely with any paid signals, by the way paid education or trainings are far different from buying signal at all.

You should work with your own knowledge and keep yourself with many more ideas on how to develop and establish a good strategy to have some edge with your trading practices.

If you do that, then you may "learn" how to do it, but you will always be tied to them because those type of places will want to keep you so they will mostly teach you one thing for a whole month, too slow, and then move to next one another month, just to keep you there.

There are a lot of free places where you can learn this, of course the "free" part is that the people who share them make money from ads, like youtubers for example, or even articles, because they need to earn too, but it doesn't have to be from you. I believe that the best thing to do in this case is to make sure that you can end up with a profit over course of some time, and I believe that's going to be possible if you could learn yourself without paying someone else.

Fredomago

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Quote from: Kasabus on July 03, 2023, 04:44:47 PM

I guess everyone has tried buying trading signals and I can say that not all of them have made profits after that. Simply because paid trading signals do not guarantee success. That is why traders should never be involved in trading if they will only rely for other people’s knowledge in trading. They should have their own knowledge and mastery in their skills to trade, even set their own strategies that will make their trades successful. That way, they will trade because they know how to deal with the market’s volatility and with their own knowledge and develop strategies in trading, most likely they will end up trading with profits rather than see theirselves at the losing end.

Good point, though you can also buy subscription in learning the basic patterns some paid study will help you in identifying the potential market movements, but same with your perceptions it is better to have your own knowledge and not just to rely with any paid signals, by the way paid education or trainings are far different from buying signal at all.

You should work with your own knowledge and keep yourself with many more ideas on how to develop and establish a good strategy to have some edge with your trading practices.

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Quote from: dothebeats

A lot of newbie traders are actually relying on signals alone and are not looking to make their minds work by doing their own analysis on top of what they already got from other traders. This is dangerous and also leaves the copy traders in a spot that might be the cause of them losing money in the long run. I myself am doing copy trades and get signals from other people, but I know a thing or two about trading that helps me to create informed decisions. It helps you understand why things are happening and what could be the possible movement from there just from the things that you know currently.

Carry out your analysis before trading your coins will help you to go a long way in profits making, because is not good to rely on signal only if you want to be successful in crypto trading. When you have the trading knowledge, it will make you different from those who focus on signal because many potential traders you see around the community acquired the trading skills from this forum or from a mentor which is advisable as a newbies to do everything possible within their power to have knowledge of trading. Those that use this forum and another ways to learn crypto trading are doing well than those that are using signals to trade their coins which they are finding it difficult to improve in profits making.

Topic: Better to have a trading knowledge than depending on signals. (Read 858 times)