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Topic: Better to have a trading knowledge than depending on signals. - page 3. (Read 858 times)

legendary
Activity: 2184
Merit: 1024
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Experience is the best teacher, that is a word I hear a lot, and if we relate it to trading then it is clear that experience is a very valuable lesson. But when we trade by simply following the signals, what lessons will we get? we don't even know what is an indication of why we have to make an entry at that time. I myself have seen signals several times, I see signals not for me to apply in my trading, but I will make a kind of comparison that I will analyze from the signals I get. Indeed, in this case we cannot claim that the analysis we are doing will be profitable, but that is better because there are lessons we will get.
This is also a very good idea, we probably don't need to stay away from signal groups altogether. In case if we are not sure about our analysis, we can also use some signals from others for reference and comparison to make the best final decision. It will be a perfect combination but remember, all are for reference only, and never believe them without any analysis. One more thing, signals are for reference only, if our analysis is entirely different from theirs, don't lose faith in yourself because of them.
legendary
Activity: 3080
Merit: 1144
Trading signals might be also useful provided that you are also making your own analysis in the market well. That way, you will not only rely from trading signals completely since you are also developing your best strategies while in trading. However, I have no against about paid trading signals but believe me, you can never rely on it every time you trade as not all paid trading signals are useful and helpful. That’s why you also have to learn how to trade on your own and develop your detailed working strategies when you decide to trade.
sr. member
Activity: 2436
Merit: 324
I’m not an expert nor professional trader in the first place but paying for trading signals is not always commendable since trading signals alone are not always trustworthy. And the fact that you cannot get complete assurance that those signals are provided by professional traders so it’s certainly more risky to rely on them than to believe on your own ability to analyze the market well.
Even if those signals come from professional traders, there is no guarantee that they will always be accurate or bring us profits. Moreover, if you are already a professional trader and can afford to make money in this market, do you need to open trading signal groups to ruin your reputation? Most of the signal groups are led by scammers, I haven't seen anyone who is really an expert.

Trading has its own inevitable losses and believe me, the more you trade without personal knowledge and skills as a trader, the bigger the chances that you’ll be more susceptible to losses. That is why if you don’t want to familiarize yourself about trading and decide to stop learning because you believe that paid trading signals will make it happen, then you’re totally wrong. You should not be trading in the first place if you only rely for other people to trade for you.

When we are newbies, trading ourselves or buying other people's signals, it all leads to loss of money. But when we trade by ourselves, we will accumulate experience, skills...which we will never get if we only rely on others. If we want to survive in this market for a long time, there is no other way but to arm ourselves with knowledge.
Experience is the best teacher, that is a word I hear a lot, and if we relate it to trading then it is clear that experience is a very valuable lesson. But when we trade by simply following the signals, what lessons will we get? we don't even know what is an indication of why we have to make an entry at that time. I myself have seen signals several times, I see signals not for me to apply in my trading, but I will make a kind of comparison that I will analyze from the signals I get. Indeed, in this case we cannot claim that the analysis we are doing will be profitable, but that is better because there are lessons we will get.
Yes, experience is the best teacher and just like on my case on which im a self learn type of trader on which i have no one been relying on learning out about trading.Everything is really due to my hard work and

the time that i had put up on learning things on my own. Somehow i do snip out some idea of others on where it is really adding up on my overall knowledge and this is something that it is really a must thing to be done on the time that you are tending to learn up things. Having your own personal analysis ans strategies is much more better than on relying into others on which you wouldnt really be finding it to be regretable on the time that you have lost money on a certain trade. The feeling of regret is really that totally cant be felt since you do know that you have committed errors in towards your own method
and not just on anyones which mostly been people been considering.
hero member
Activity: 1554
Merit: 654
I’m not an expert nor professional trader in the first place but paying for trading signals is not always commendable since trading signals alone are not always trustworthy. And the fact that you cannot get complete assurance that those signals are provided by professional traders so it’s certainly more risky to rely on them than to believe on your own ability to analyze the market well.
Even if those signals come from professional traders, there is no guarantee that they will always be accurate or bring us profits. Moreover, if you are already a professional trader and can afford to make money in this market, do you need to open trading signal groups to ruin your reputation? Most of the signal groups are led by scammers, I haven't seen anyone who is really an expert.

Trading has its own inevitable losses and believe me, the more you trade without personal knowledge and skills as a trader, the bigger the chances that you’ll be more susceptible to losses. That is why if you don’t want to familiarize yourself about trading and decide to stop learning because you believe that paid trading signals will make it happen, then you’re totally wrong. You should not be trading in the first place if you only rely for other people to trade for you.

When we are newbies, trading ourselves or buying other people's signals, it all leads to loss of money. But when we trade by ourselves, we will accumulate experience, skills...which we will never get if we only rely on others. If we want to survive in this market for a long time, there is no other way but to arm ourselves with knowledge.
Experience is the best teacher, that is a word I hear a lot, and if we relate it to trading then it is clear that experience is a very valuable lesson. But when we trade by simply following the signals, what lessons will we get? we don't even know what is an indication of why we have to make an entry at that time. I myself have seen signals several times, I see signals not for me to apply in my trading, but I will make a kind of comparison that I will analyze from the signals I get. Indeed, in this case we cannot claim that the analysis we are doing will be profitable, but that is better because there are lessons we will get.
hero member
Activity: 994
Merit: 552
There is not guarantee about correct signal for trading and better have knowledge depending on signal in trading, not sure about how percentage accurate with some signal recommended for trading and I think have knowledge about cryptocurrency and smart reading indicator is better than having recommended signal. Regarding with how many time joined signal paid premium but never guarantee to earn profit and always late getting profit after signal paid premium sharing their coins recommended to buy. Have knowledge and understand well about which one potential happen later with some coin project and good analyze when right time have to invest is better than depending on signal in trading cryptocurrency.
hero member
Activity: 532
Merit: 508
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but also not all trading signals are bad, but we must be careful to choose them so that the signals have a greater percentage of profits and can trade healthily

You might only get a few of those trading signals that are not scams, particularly those you would see being advertised on some social media sites, like Facebook, Twitter, and YouTube channels, and sometimes you wouldn't be able to even figure out the real one because you would see a lot of them. By the time you want to try them out, you will keep trying out different signals and encountering some losses until you might even get tired. Although the ones I feel might work a bit well are those of some exchanges that say you can copy the traders of other traders right in their exchange, although I have not tried them out, I feel they might be better than those other signals or groups that sell signals on social media. But whoever is using those signals should not just trust their whole fund on it at once; just put a little amount on it first to test it.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
I’m not an expert nor professional trader in the first place but paying for trading signals is not always commendable since trading signals alone are not always trustworthy. And the fact that you cannot get complete assurance that those signals are provided by professional traders so it’s certainly more risky to rely on them than to believe on your own ability to analyze the market well.
Even if those signals come from professional traders, there is no guarantee that they will always be accurate or bring us profits. Moreover, if you are already a professional trader and can afford to make money in this market, do you need to open trading signal groups to ruin your reputation? Most of the signal groups are led by scammers, I haven't seen anyone who is really an expert.

Trading has its own inevitable losses and believe me, the more you trade without personal knowledge and skills as a trader, the bigger the chances that you’ll be more susceptible to losses. That is why if you don’t want to familiarize yourself about trading and decide to stop learning because you believe that paid trading signals will make it happen, then you’re totally wrong. You should not be trading in the first place if you only rely for other people to trade for you.

When we are newbies, trading ourselves or buying other people's signals, it all leads to loss of money. But when we trade by ourselves, we will accumulate experience, skills...which we will never get if we only rely on others. If we want to survive in this market for a long time, there is no other way but to arm ourselves with knowledge.
hero member
Activity: 2954
Merit: 672
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I’m not an expert nor professional trader in the first place but paying for trading signals is not always commendable since trading signals alone are not always trustworthy. And the fact that you cannot get complete assurance that those signals are provided by professional traders so it’s certainly more risky to rely on them than to believe on your own ability to analyze the market well.

Trading has its own inevitable losses and believe me, the more you trade without personal knowledge and skills as a trader, the bigger the chances that you’ll be more susceptible to losses. That is why if you don’t want to familiarize yourself about trading and decide to stop learning because you believe that paid trading signals will make it happen, then you’re totally wrong. You should not be trading in the first place if you only rely for other people to trade for you.
hero member
Activity: 2352
Merit: 593
I would say, it depends on what we can do. If we haven't been able to analyze the market very well and produce results, then trading signals can actually help, as long as we don't depend so much on these signals and don't trust these signals 100℅ Because after all there is no signal that works 100℅. For this reason, it is obligatory for cities to have this understanding before deciding to jump into the world of trading. Because after all this is very risky and not easy to do or decide. In this case, how can we take advantage of every moment to be very good at analyzing from various sources and starting to narrow it down to get the right decision at that time.
Yes, but in the end, we still have to have knowledge about signals and also supporting knowledge to study price movements from signals. That's why I feel that knowledge about trading is very important. so that we can choose and develop the strategies we need when trading. for example, like you said. even when we depend on the signal, it requires knowledge to know whether the chart will go up or down. of course, it also requires data to support the analysis of chart movements so that we are confident enough in the decisions we have. Without knowledge, we may appear to be gambling in setting prices based on signals.
Right because it's impossible if we only rely on signals because still that requires knowledge too,
knowledge is the basic thing and as a trader it is a must have,
do not be lazy to always learn.

you can join signal groups without knowledge as they are just posting their bias or entries on specific coin that is why it is very attractive to the newbies that doesn't want to learn trading and just want to earn or trade in just one night which we know they rely on that signals as they think that those people behind it are very professional in trading. The problem with this is that of the signal group is gone what will you do now ? relying on them may beneficial in short term but in the long run youll struggle for sure
full member
Activity: 1386
Merit: 101
ComboLabs
I would say, it depends on what we can do. If we haven't been able to analyze the market very well and produce results, then trading signals can actually help, as long as we don't depend so much on these signals and don't trust these signals 100℅ Because after all there is no signal that works 100℅. For this reason, it is obligatory for cities to have this understanding before deciding to jump into the world of trading. Because after all this is very risky and not easy to do or decide. In this case, how can we take advantage of every moment to be very good at analyzing from various sources and starting to narrow it down to get the right decision at that time.
Yes, but in the end, we still have to have knowledge about signals and also supporting knowledge to study price movements from signals. That's why I feel that knowledge about trading is very important. so that we can choose and develop the strategies we need when trading. for example, like you said. even when we depend on the signal, it requires knowledge to know whether the chart will go up or down. of course, it also requires data to support the analysis of chart movements so that we are confident enough in the decisions we have. Without knowledge, we may appear to be gambling in setting prices based on signals.
Right because it's impossible if we only rely on signals because still that requires knowledge too,
knowledge is the basic thing and as a trader it is a must have,
do not be lazy to always learn.
hero member
Activity: 2912
Merit: 629
It's a must for every traders to have a knowledge about trading. Because if you decided to trade with an empty head about it then you're just gambling your hard-earned money. Hence, if you value your capital and would like to make it grow, it's necessary to follow the basic rules before engaging yourself in trading. That includes gaining knowledge since it is one of our key to succeed in this career.

On the other side, I have nothing against using signals if you're not really confident of what you know and just want to be certain. Signals might help but the question is, is it reliable? or you're just spending your money for nothing. If it's working then why not, but prioritize to have your own understanding about trading so you don't have to rely on signals or to anyone.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
I would say, it depends on what we can do. If we haven't been able to analyze the market very well and produce results, then trading signals can actually help, as long as we don't depend so much on these signals and don't trust these signals 100℅ Because after all there is no signal that works 100℅. For this reason, it is obligatory for cities to have this understanding before deciding to jump into the world of trading. Because after all this is very risky and not easy to do or decide. In this case, how can we take advantage of every moment to be very good at analyzing from various sources and starting to narrow it down to get the right decision at that time.
Yes, but in the end, we still have to have knowledge about signals and also supporting knowledge to study price movements from signals. That's why I feel that knowledge about trading is very important. so that we can choose and develop the strategies we need when trading. for example, like you said. even when we depend on the signal, it requires knowledge to know whether the chart will go up or down. of course, it also requires data to support the analysis of chart movements so that we are confident enough in the decisions we have. Without knowledge, we may appear to be gambling in setting prices based on signals.
full member
Activity: 1400
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I would say, it depends on what we can do. If we haven't been able to analyze the market very well and produce results, then trading signals can actually help, as long as we don't depend so much on these signals and don't trust these signals 100℅ Because after all there is no signal that works 100℅. For this reason, it is obligatory for cities to have this understanding before deciding to jump into the world of trading. Because after all this is very risky and not easy to do or decide. In this case, how can we take advantage of every moment to be very good at analyzing from various sources and starting to narrow it down to get the right decision at that time.
indeed after all knowledge about trading will be more useful than trading signals. but to gain knowledge and experience requires a process, even a long process to go through, because it requires complex understanding. but also not all trading signals are bad, but we must be careful to choose them so that the signals have a greater percentage of profits and can trade healthily
hero member
Activity: 882
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I would say, it depends on what we can do. If we haven't been able to analyze the market very well and produce results, then trading signals can actually help, as long as we don't depend so much on these signals and don't trust these signals 100℅ Because after all there is no signal that works 100℅. For this reason, it is obligatory for cities to have this understanding before deciding to jump into the world of trading. Because after all this is very risky and not easy to do or decide. In this case, how can we take advantage of every moment to be very good at analyzing from various sources and starting to narrow it down to get the right decision at that time.
That is it, trading signal should be taken as a trading tool for making analysis and not to rely on it for the trading process since it a already proven that trading signals havent performed well in terms of profit maximization, so for a trader to be at a safer side, he need to combine the effort of the trading signal to your own personal efforts to be able to get the right result, if not the trader will be on a consistent loses if he only depend on the trading signal or self.
So at most both knowledge, and signal are both important since their all ball down to supplying of information for making good decisions that will amount into profits at the end of the trading position.
hero member
Activity: 1932
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I would say, it depends on what we can do. If we haven't been able to analyze the market very well and produce results, then trading signals can actually help, as long as we don't depend so much on these signals and don't trust these signals 100℅ Because after all there is no signal that works 100℅. For this reason, it is obligatory for cities to have this understanding before deciding to jump into the world of trading. Because after all this is very risky and not easy to do or decide. In this case, how can we take advantage of every moment to be very good at analyzing from various sources and starting to narrow it down to get the right decision at that time.
legendary
Activity: 2772
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
Signals are given by the channel owner when he finds things that can provide profit opportunities, but unfortunately most of these signals are just scam attempts, especially if the signal given is on a coin with a low market cap, usually they are already the first to sell because they already have this coin at a lower price.
Another thing that can be detrimental for traders who always depend on signals is that they will find it difficult to develop trading skills, because they only trade based on signals without ever analyzing the market. Signals may give you more profit than loss but if you want to continue to trade, improving your trading skills is much better than always relying on it.
hero member
Activity: 2702
Merit: 704
there are people that it is very difficult to understand their way of thinking, how is it possible for a person to take their money that they got with a lot of effort and keep trading based on the signal provided by someone unknown, this is a great absurdity, and if that person that you provide these signs disappear how is the person who is depending on him? these people are left without a signal and are desperate, and that is if the signs that were given to them had any result because the truth is that they are not something reliable, it is not something certain.

just think if people are so good at predicting the price why are they creating signal groups and charging for subscription? Wouldn't it be easier for those people who charge for signals to take their money and trade without telling anyone? in my country and I need to have a license to be a financial advisor, but even so I have seen people from my country providing forex trading signals even though they are people without a license, I keep asking myself why the hell do people from my country fall for this kind of scam , they are following the signs person who also lives in my country. I see a very bad end for the person who gives the signals and those who follow him.
What happens is that their actions are not being motivated by logic, which is why you do not understand at all what they are trying to accomplish, their decisions are motivated by emotions, and as we know emotions can blind you to the truth you have in front of you.

So those people want to believe that such services exist and that they can profit from them, but why? Because in this way they can save themselves from studying the market and in theory they could get rich overnight, now we know this is basically impossible, but such a thing is not going to stop them, as those people are completely dominated by their greed.
hero member
Activity: 2352
Merit: 593
...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!..

As a rule, buyers of signals are beginners who lack trading skills and knowledge about how the cryptocurrency market works. And after a while, when they acquire the necessary knowledge, they refuse such signals, because they understand that he can independently determine the level of buying/selling.
True, in the end, after they have the knowledge and skills, they prefer to rely on themselves,
that's why it's important to have the knowledge and skills,
because for the long term it is not possible if you continue to use the signal.

This would be like in school, where you are just relying on your classmates answers, which is kind of cheating, and even if you are paying your classmates for answers, in the long run you'll have problems. Let's say your classmate is absent during an exam. Then how would you answer? That is why it is better to learn on your own, rely on yourself to learn, and have that knowledge before thinking about the profit. The problem for those new to trading is that they want to earn immediately and don't want to do the hard work.
sr. member
Activity: 1190
Merit: 250
COMBONetwork
...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!..

As a rule, buyers of signals are beginners who lack trading skills and knowledge about how the cryptocurrency market works. And after a while, when they acquire the necessary knowledge, they refuse such signals, because they understand that he can independently determine the level of buying/selling.
True, in the end, after they have the knowledge and skills, they prefer to rely on themselves,
that's why it's important to have the knowledge and skills,
because for the long term it is not possible if you continue to use the signal.
hero member
Activity: 616
Merit: 749
Crypto signals are only important in cases were the trader or investor have no single time to create out to understand how the market operates, we all have what's keep us busy, always ready to aim higher on every level. Paying for signals is another way of paying for irrelevant services, bitcoin is the only project that seems to be prominent in the space accompany by Ethereum and other promising altcoins. Knowledge is power, and possessing one would mean mean diverting from the path of broke or struggles, rather focusing on the path to financial freedom.

Signals group are recommended when you don't want to go through the process of learning how to trade yourself but signals groups aren't the perfect solution. We have legit firms that manage investment portfolio and it seems most of them are now adding cryptocurrency to the services they render so you can make use of them. They're professional and you will have some agreement that'll protect your investment with them.

Using this firms are better than trusting signal groups creating by random individual on telegram or any other platforms they use. Most of those signals groups are scammer. They make use of the groups for their individual interest as they make money from hyping projects.
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