Better to have a trading knowledge than depending on signals. - page 6.

Aanuoluwatofunmi

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Quote from: Jocuserious on June 22, 2023, 12:44:57 PM

If you are a smart traders then you Shouldn’t buy trading signal service. Every success hand of learning so that's why we should Learn more for increase our knowledge. If you have lot of experience about how manage trade then no need back look and keep your work continue and make profits everyday.

I don't see a reason why they should buy a trading signal service if they are really food at trading, some have been thinking of the using of trading bot to me more effective than the normal way of trading through personal experience but yet they have nothing much different from what others are also having through their personal experience, some steps taken in this were just nothing but a waste of money.

BD Crypto

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Quote from: letteredhub on June 20, 2023, 03:39:33 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 saw a several channels who are providing trading signals but I realized most of them are just promoting to join for VIP group. If they are a good trader why they are selling signals to earn money?

Even if you join VIP Group their is no assurance that you will make continues profits. If I say about myself, In past I also followed trading Signals and my most of the trades was unsuccessful because their analysis wasn't up to the mark.
Most of the trading signal providers always provide signals by following the market trend. But they ignore BullTrap, Market manipulation and others. Not all of them but some are providing good signals and you have to know that it's impossible to provide successful signals continuously. So it's a must to learn about chart analysis and trading analysis for the best result in trading and don't depend of others signals.

savetheFORUM

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Quote from: shivansps on June 22, 2023, 06:18:28 AM

Quote from: Natalim on June 20, 2023, 08:10:58 AM

That was bold and clear to understand OP. I know signals could help but not to the point of relying on them because they are just good at first but in the long, it was not helpful anymore and the people who got involved with this will benefit the most while the trader will get losses and less knowledge.
- if we want to improve and succeed in trading, therefore, we have to stay away from these signals instead, do it on our own. Because it was easy to do TA when we have knowledge of the market and most especially in trading where profit can be unlimited. Unlike in the situation where we just rely on others' ideas and our future relies on them as well. If they fail, we fail the same.

I agree with you. Often, people use successful signal advertising to attract new customers and advertise successful trades, keeping silent about unsuccessful ones.
Of course, we can use these signals, especially when there are explanations for these signals and we agree with this. It's better than blindly following someone without understanding what's going on. I'd like to say that there is a difference when you follow the signals without understanding trading or when you already have experience

I don't think it's too difficult to learn trading and reading charts, anyone with the ability to understand technological terms and reading charts can be able to learn how to trade cryptocurrencies or how to use indicators to get a general prediction about the price movements of certain cryptocurrencies, so it's definitely better to do that instead of following someone else's signal by paying them money for that.

It is your money and you should be the one utilizing it for trading, whether you get profit or face losses, you will be the one to be blamed for that and believe me, it never feels the same when you have a loss because of yourself and when you face a loss because of someone else.

usekevin

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Most of the experience trader will not use the signals to trading.Some new people search for the signals and get into the web.Instead of wasting your time and money in signals,inverse your time in trading analysis.Then create your own trading strategy and signal,So use that signal to earn a good profit from it.After you start to get profit,repeat the steps to earn more from it.

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Quote from: Jocuserious on June 22, 2023, 12:44:57 PM

If you are a smart traders then you Shouldn’t buy trading signal service. Every success hand of learning so that's why we should Learn more for increase our knowledge. If you have lot of experience about how manage trade then no need back look and keep your work continue and make profits everyday.

Trading signals may be considered only to strengthen personal analysis, but when depending on these trading signals, of course, interest in conducting personal analysis tends to decrease.

I have been offered to join a paid trading signal group where the fee is still quite reasonable, but I don't feel interested in trading this way. If I have to trade, then I must be the first to make the decision over depending on others. Self-sufficiency in trading can enhance trading skills and experience, so ignore trading signals and start doing it on your own.

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Quote from: Jocuserious on June 22, 2023, 12:44:57 PM

If you are a smart traders then you Shouldn’t buy trading signal service. Every success hand of learning so that's why we should Learn more for increase our knowledge. If you have lot of experience about how manage trade then no need back look and keep your work continue and make profits everyday.

Even if he is not a smart trader, he doesn't need to buy a trading signal service and better learn to analyze the trades. He doesn't need to depend on other people because he doesn't know whether he can use his signal well or whether he will lose because of it.

He can determine when to enter and exit the market and what coins he buys by having good analytical skills from learning outcomes. And with that analytical ability, he can also benefit and even though the market is at a disadvantage, he can still find coins that can give him profit.

The trading signals are also not always valid because of the many signals, he also has to keep analyzing them before doing anything. So like it or not, he still has to learn to analyze to improve his abilities.

Jocuserious

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If you are a smart traders then you Shouldn’t buy trading signal service. Every success hand of learning so that's why we should Learn more for increase our knowledge. If you have lot of experience about how manage trade then no need back look and keep your work continue and make profits everyday.

sulendra12

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It's always better searching by yourself instead of relying on signals. Sure you may get something from the signs if you are quick enough but what would you if you would lose consistently because of signals? Do you search for another trading signals group, so you can get better return? There is little to zero knowledge you could get by just following the signals, that's why it's better you do it by yourself and sometimes it's okay to use signals as a subject to analyze before doing any trades based on that signals.

It would be better to lose small partial of your affordable money as a treat to have better understanding and knowledge about the trading so you know what to do and what you should not. Failure is a part of experience and trading is also one of that, it's really difficult at first because of so many things to do but with effort you can actually do it even though the profit depends on the market and your ability. Trading by yourself is not for everyone but most of the people jumps into cryptocurrency because they want to make more money hence why trading is the most popular one among the other sources.

shivansps

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Quote from: Natalim on June 20, 2023, 08:10:58 AM

That was bold and clear to understand OP. I know signals could help but not to the point of relying on them because they are just good at first but in the long, it was not helpful anymore and the people who got involved with this will benefit the most while the trader will get losses and less knowledge.
- if we want to improve and succeed in trading, therefore, we have to stay away from these signals instead, do it on our own. Because it was easy to do TA when we have knowledge of the market and most especially in trading where profit can be unlimited. Unlike in the situation where we just rely on others' ideas and our future relies on them as well. If they fail, we fail the same.

I agree with you. Often, people use successful signal advertising to attract new customers and advertise successful trades, keeping silent about unsuccessful ones.
Of course, we can use these signals, especially when there are explanations for these signals and we agree with this. It's better than blindly following someone without understanding what's going on. I'd like to say that there is a difference when you follow the signals without understanding trading or when you already have experience

shivansps

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Quote from: letteredhub on June 20, 2023, 03:39:33 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.

This story is as old as the world, bro. Most people want to earn more money without putting in the effort. In simple life, therefore, people resort to fortune tellers, shamans and other, and in the crypt, people are chasing crypto signals. Of course, this is not the same thing, but the essence is clear.

Not everyone wants to delve into knowledge, spend a lot of time in analysis, study and gain experience, it is much easier to follow the crypto-signal. Everyone wants to earn without making any effort. I have nothing against crypto signals, if it makes a profit, then it works.

And most importantly - even the most expensive signals from the most successful traders do not guarantee anything!

hugeblack

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Quote from: letteredhub on June 20, 2023, 03:39:33 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!

Greed is what makes the path of knowledge difficult and arduous, why do I start learning when it took me 3 to 6 months to master trading, however, trading is not guaranteed profit and there is someone who promises me guaranteed profit for 10 dollars, this person is reliable because he has more than 20 thousand followers or whatever the reasons. This same greed is repeated in different aspects of our lives. Instead of completing higher studies, we find ourselves diligent in the first job that achieves a quick profit.

Quote from: letteredhub on June 20, 2023, 03:39:33 AM

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.

Learning is one thing and application is another. When you learn and the turn comes to apply, you find yourself surrounded by psychological factors that force you to make the wrong decision, even if you have good knowledge of that. Trading is the last step after you have invested for several months because the market fluctuations are sharp.

TheGreatPython

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Quote from: letteredhub on June 20, 2023, 03:39:33 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!

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.

Learning is still necessary even if someone is buying signals or joining a premium group to get signals for trading because you will always need to know if the signals are actually authentic or not because most of these signal groups and crypto gurus are fake and running their businesses only to get money from poor traders who are not knowledgeable about the market and how things work.

I myself am not in favor of buying signals or joining these groups, it's your money and it should be you who would decide how it is used and which tokens and coins are traded with it, even if you face losses, it won't be an issue because you can recover it if you have learned how you can manage your trades.

Issa56

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Quote from: GreatArkansas on June 20, 2023, 06:54:37 PM

I'm not saying that subscribing to paid signals is not really good, it depends on the group you joined. Because there are some groups that paid but at the same time they are teaching their subscribers, or they are explaining why they end up trading on that pair.
This, is also helpful especially if you are learning it also, not only the signal.

You are right their are some signals groups which they will even teach you how to trade, and they are going to be dropping PDF books which you can read and tutorial videos which you can be watching, but we all know that just few groups are the once doing things like that. what most groups provide is BUY BITCOIN AT $28,500k, SELL AT $28,900K, STOP LOSS $28,400k. This is just typical example of what you will be seeing in most trading signal groups.

Quote from: Sebas.tian on June 20, 2023, 10:49:12 PM

Acquire crypto knowledge is profitable to traders, because it will help you to understand so many things that concerned crypto investment and it will also make you to know when to buy crypto and hold and when not to buy crypto than to maintain holding at the moment.

Some people are in crypto space to learn and make money, why some people are in crypto space to make money alone. The once in crypto space to make money alone are the once that are looking for trading signals and they are the once that wont last long in crypto space, but people that are in crypto space for both knowledge and money are the real traders. why will be making money and you will find it difficult to acquire knowledge so that you wont depend on anybody.

milewilda

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Quote from: letteredhub on June 20, 2023, 03:39:33 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.

On the time that you would consider out yourself on engaging into trading or any investment then you should have the ff considerations;

1. Learn for yourself
2. Dont rely with signals or others calls and tips or hints - We are all speculators on here
3. Dont make yourself believe that there's a precise or assured strategies or methods
4. Dont make yourself in a hurry on learning things.

Just take up the process and dont rush up because learnings could really be gained through actual experience because mistakes and errors does usually a result into those people who are really
that taking up their assignment. Also, its not bad to snip out some idea from others but nothing beats out if you do really move on your own and doesnt rely on somebody.

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Quote from: Litzki1990 on June 21, 2023, 12:55:18 PM

I honestly don't trust trading signals at all. Why should I risk my money depending on others? Does he have skills about trading that I should pursue? Maybe we can take some ideas from him to master trading ourselves but he asked to buy a coin and if we buy that coin on blind faith and hope for profit then it will not bring good results at all. Be confident in yourself and prepare yourself for trading. It will be very difficult for us to gain a complete understanding of trading but if we are patient and work hard to gain enough knowledge about trading then we will always be successful in trading. So those who buy different coins depending on others please stop doing this.

Despite the fact that I have been trading cryptocurrency for a long time, I am still no expert in the field, and I have never relied on trade signals. Most of them simply want paid signal services, but we can perform our own analyses by conducting independent research. It's a challenging endeavor, but what matters is that we are able to complete it on our own without depending on purchased signals, which might only be a waste of money. The use of our own expertise and understanding when trading is important.
Trading requires a lot of studying, but if we are ready and willing to learn everything there is to know, we will be able to do analysis effectively and on our own. Only when we can save money and improve our job knowledge should we be willing to learn new things.

Litzki1990

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I honestly don't trust trading signals at all. Why should I risk my money depending on others? Does he have skills about trading that I should pursue? Maybe we can take some ideas from him to master trading ourselves but he asked to buy a coin and if we buy that coin on blind faith and hope for profit then it will not bring good results at all. Be confident in yourself and prepare yourself for trading. It will be very difficult for us to gain a complete understanding of trading but if we are patient and work hard to gain enough knowledge about trading then we will always be successful in trading. So those who buy different coins depending on others please stop doing this.

lalabotax

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in my opinion, I personally would not be too hypocritical about this. indeed on the one hand learning about trading knowledge is very important before we really want to jump into trading activities. What's more, an understanding of trading is very complex, not only about technical analysis but also fundamental analysis, including various indicators and also analysis of current market conditions. it doesn't stop there, trading also requires emotional maturity and self-control of fund management and risk. well, on the other hand, sometimes we also need some inspiration that can be used as a consideration in taking a trading position or even when we want to carry out trading activities. One of them is by using trading signals. but once again we are not only guided by the trading signal but use this information as one of our considerations. Because after all there will be no trading signal that really works 100% for us.

ItsCrafty

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Quote from: Dr.Osh on June 21, 2023, 08:25:04 AM

well, it's better to have knowledge about trading than to depend on signals. it's just that, depending on the signal also has a pretty good effect until now. that's why there are still so many who depend on signals compared to deep learning about trading. besides that, signals are also something that is important in learning to trade, it's just that people are sometimes lazy enough to do analysis so they are willing to buy signals where they believe in the analysis.

According to my opinion, it is more important to understand that trading is more important for us than signals. Without knowing the fundamentals of trading, when you trade in the market,it is difficult for you to understand exactly what the current market situation is, the level of volatility, and what decision you should take. On the other side, trading signals provide valuable insights and analysis. Following signals can also provide a sense of confidence and guidance, especially for novice traders, although signals are not foolproof and can be influenced by biases or market conditions that may change rapidly but sometimes provide a pathway. So you first solidify your trading concepts, then compare your trade with them..

Timmzzy

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There was a time i came across a POST where the OP. was just so depending on a signal group where he/she wont have to do anything but just seat out for the signal, meanwhile forgetting that this whole SIGNAL stuff is not how it is, on the other hand. I almost caught up with this belief sometime back when i was trading, but i said to my self is better to learn this stuff rather than wait for signals WHAT IF THIS SIGNAL STUFF CRASHED SOMEDAY this was just my thoughts 💭

dansus021

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Yeah some people including me want a fast return and just by see a couple of ads on social media might drive to buy a signal and think we are gonna rich. But the truth is not simple like that and now I delete all of my signal from telegram and focused on my trading knowledge and only trade on spot market only.'

Tho if you lose because of your signal base on your knowledge you will have the experience and when you win you will fell good about it

Topic: Better to have a trading knowledge than depending on signals. - page 6. (Read 955 times)