Can Signal Trading work for Cryptocurrencies - page 2.

AniviaBtc

sr. member

Activity: 1120

Merit: 272

First 100% Liquid Stablecoin Backed by Gold

Quote from: TitanGEL on July 12, 2020, 10:27:54 PM

I do not believe on signals so I do not have trust on it. Relying on signals are so risky for me because you are just following a certain plan and idea of another person. What if what he said is not true then you put big amount of money in that trade and you lose huge money? What will you do? will you rely on signals again? Of course not anymore, it is better to not believe and subscribe in signals and pumps and dumps group.

Signals can be deceiving and can also make you lose your money. You should always be mindful of the market so that you are aware when to buy and sell.

Many traders are still not that knowledgeable about signal trading as it is not a 100% profit when you do it. Trading signals can also be fake and can cause you huge losses in the market.

People can learn those things so that they will avoid relying on those signals, but manual technical analysis is really much better among other strategies to know when to buy and sell assets. As long as you are working so hard to learn more in trading, you will see that technical analysis is the most effective thing to do before making strategies and plans in your future transactions.

wozzek23

sr. member

Activity: 1568

Merit: 283

Quote from: michellee on July 13, 2020, 08:35:28 PM

Besides following that sign, we need to have another strategy, just if the market changes the direction so we can be ready for any situation. That will help us to determine the step that we need to do related to the market movements.

Your approach sounds like super-safe-heaven-strategy against fail proof because when we are having backup plan then definitely we can cope up against any kind of market fluctuations. This is simply a derived approach of not depending on only one resources; definitely this will help any trader. You must need to keep checking like everything is going as per your plan if anything changes then you need to react immediately so that you could avoid unexpected things; for changing things, you are already set with plan-B Grin

.

Quote from: michellee on July 13, 2020, 08:35:28 PM

Most traders don't have another strategy because they step follow the market moves, and when everything changes, they panic and will cut loss before too late.

When you are not experienced enough then you will approach trading without any proper plans. For example, most traders in the beginning days will enter the market without any idea about stoploss ranges. Only when market goes in negative direction, they start thinking about stoploss levels and then get panic and do whatever hit in their mind out of emotion failure; which usually leads to big losses rather than cutting losses earlier.

Quote from: tbterryboy on July 13, 2020, 09:40:07 AM

due to the level of technical analysis we have incorporated in our strategy, it will vary in accuracy. Then we must need to adopt some other strategy which will be having more accuracy rate.

This is nothing but improving your technical analysis and strategies. You must need to do this periodically so that you will stay competitive in the markets. Traders who are stuck with their old strategies definitely will fail over the time.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: tbterryboy on July 13, 2020, 09:40:07 AM

Everything in trading will not work all 100% of times. But, you need to choose what is more effective to work with like what is working at least more than 70% of times then you should adopt that alone. There is no point of working with what is accurate only for 50% of times. I have seen people who are using the trading signals which is having accuracy in less then 40%, because they have paid for that signals and that is the reason they are still using it. I just wonder on them because they are risking their capital just for the subscription fee paid for those signals.

Even when we are generating our own signals, it may not work for all hundred percent of times; because due to the level of technical analysis we have incorporated in our strategy, it will vary in accuracy. Then we must need to adopt some other strategy which will be having more accuracy rate.

Besides following that sign, we need to have another strategy, just if the market changes the direction so we can be ready for any situation. That will help us to determine the step that we need to do related to the market movements. Most traders don't have another strategy because they step follow the market moves, and when everything changes, they panic and will cut loss before too late. We should avoid that if we don't want to get lost, and with having another strategy, we will have a chance to survive.

tbterryboy

sr. member

Activity: 2030

Merit: 323

Quote from: reliable on July 13, 2020, 05:10:53 AM

Trading signal would not work 100% on all times. At times it can work and sometimes it will not work. The volatility is the key and better to trade based on what you think is right for you at that time and how much risk appetite you can take it. Also understand that trading is risky but rewarding as well. So, trade accordingly and with limited capital.

Everything in trading will not work all 100% of times. But, you need to choose what is more effective to work with like what is working at least more than 70% of times then you should adopt that alone. There is no point of working with what is accurate only for 50% of times. I have seen people who are using the trading signals which is having accuracy in less then 40%, because they have paid for that signals and that is the reason they are still using it. I just wonder on them because they are risking their capital just for the subscription fee paid for those signals.

Even when we are generating our own signals, it may not work for all hundred percent of times; because due to the level of technical analysis we have incorporated in our strategy, it will vary in accuracy. Then we must need to adopt some other strategy which will be having more accuracy rate.

reliable

full member

Activity: 868

Merit: 151

Quote from: minatour on July 12, 2020, 05:30:56 PM

Yes it works but not 100% sure, even with all this signals sometimes, market can decides to disobey the signal law and went the other way, so I will advice you don't put your trust fully on trading signal, understand the fact that trading is a risk, nobody can predict what the future holds for cryptocurrency markets.

Trading signal would not work 100% on all times. At times it can work and sometimes it will not work. The volatility is the key and better to trade based on what you think is right for you at that time and how much risk appetite you can take it. Also understand that trading is risky but rewarding as well. So, trade accordingly and with limited capital.

Bezobraznike

sr. member

Activity: 1274

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

Quote from: minatour on July 12, 2020, 05:30:56 PM

Yes it works but not 100% sure, even with all this signals sometimes, market can decides to disobey the signal law and went the other way, so I will advice you don't put your trust fully on trading signal, understand the fact that trading is a risk, nobody can predict what the future holds for cryptocurrency markets.

Minatour you are right, it works but not all the time, nothing works all the time 100%, if someone promise you something like
that it's a scam. Don't trust signals that offers too much, and without mistakes, because we all make mistakes even good traders.
Nobody can't predict any future, not just in crypto-markets. So trust signals, but have limits, don't invest all what you have in
one trading signal from some new group, test them with money you can afford to lose, and if they are good add more money.

KnightElite

sr. member

Activity: 924

Merit: 275

Quote from: TitanGEL on July 12, 2020, 10:27:54 PM

I do not believe on signals so I do not have trust on it. Relying on signals are so risky for me because you are just following a certain plan and idea of another person. What if what he said is not true then you put big amount of money in that trade and you lose huge money? What will you do? will you rely on signals again? Of course not anymore, it is better to not believe and subscribe in signals and pumps and dumps group.

It is so sad because there are still a lot of new traders who believing that signal works, there are a lot of newbies before who regret their decision after they rely their decision on the paid signals in telegrams. Signals are mostly scams and it is not really working, why will you pay to them if you can pay yourself in terms of improving your skills and knowledge as a trader.

If you want to become a profitable trader then invest in your knowledge. Signals cannot help you to become successful trader because you are becoming dependable on someone else. The risks will be lessen if you will only rely on yourself whenever you trade.

TitanGEL

sr. member

Activity: 1036

Merit: 281

I do not believe on signals so I do not have trust on it. Relying on signals are so risky for me because you are just following a certain plan and idea of another person. What if what he said is not true then you put big amount of money in that trade and you lose huge money? What will you do? will you rely on signals again? Of course not anymore, it is better to not believe and subscribe in signals and pumps and dumps group.

minatour

member

Activity: 687

Merit: 11

Yes it works but not 100% sure, even with all this signals sometimes, market can decides to disobey the signal law and went the other way, so I will advice you don't put your trust fully on trading signal, understand the fact that trading is a risk, nobody can predict what the future holds for cryptocurrency markets.

bitbunnny

legendary

Activity: 2912

Merit: 1068

WOLF.BET - Provably Fair Crypto Casino

Quote from: Shasha80 on June 29, 2020, 06:14:01 PM

For me trading signals will only affect the results of our own analysis, sometimes trading signals make us suffer a lot of losses.
I have often joined many trading signal groups on telegrams, from free to premium. But all trading signals have in common that
is beneficial to the owner of the group, because he had already bought coins that will pump. So when the members buy the price
not long ago immediately dump, because the group owner has taken profit first.

You've made the point. The only personal who has any use of signal group is its owner. Many people are not familiar with that and they think such signal groups will help them make the profit but that is in fact illusion.
I know that many are looking for shortcuts in trading that will help them make profit fast and they think signal groups might be one of such shortcuts but trust me success doesn't come easy and over night.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: hassancisse on June 02, 2020, 05:45:59 PM

Hello everyone. I have been so curious about this lately, can you buy signals to trade cryptocurrencies concerning the volatility and how it moves. There are lot of forex signals out there that you buy and make a lot of money from but i dont believe it works for cryptocurrencies.

I need your opinion people

Even on forex those signal trading doesnt even work or not accurate shall we say since we know that market cant really be just easily predicted no matter how good your analysis is.
How much more in cryptocurrency? Price is way too volatile and also there are lots of scammers or fraudsters out there do pretend that they are good but actually just trying out to
scam out newbies that do believe about good trading signals.

If i were you then its better to trade your own rather than considering on finding out these trading signals which doesnt really give out the difference.

bearexin

full member

Activity: 1162

Merit: 168

Quote from: ScamViruS on July 12, 2020, 01:36:03 PM

The trader who trades depending on the signal cannot stay in the market for long. Because it is very risky to trade depending on the signal. The groups that sell signals are mostly involved in pumps and dumps. So if you buy the wrong signal, your fund will be at risk here.

This is subjective; all you mentioned might happen only we subscribing to a wrong signal house who are into pumps and dumps.
What will happen if we manage to find a honest and accurate house which is capable of predicting market movements with more than 80% accuracy? Then you can simply make profits and from that profits itself you will able to buy year subscription as well.

Sounds too good, right? But the problem is if I am capable of predicting market directions with more than 80% accuracy then probably I will be risking my own capital rather than selling signals for peanuts. Yes, if our signals are too good then there cannot be any stopping to trade with big capital and to re-invest the profits as capital to maximize the profits.

Quote from: ScamViruS on July 12, 2020, 01:36:03 PM

In my opinion you should trade using your own trading knowledge. Someone else's signal will not give you a good result.

Trading by our own must be a good thing and risk-free way of trading as all the risks are covered by our own decisions. But, if we could not find time to trade then buying signal is becoming inevitable. But, my suggestion is if your are not in position to generate your own signal then please quit your trading Cool

.

ScamViruS

hero member

Activity: 1876

Merit: 721

Top Crypto Casino

Quote from: ?? on ??

Signal is important to all investors in terms of gaining a simple mutual experiences,additionally the motivation is the highest return on you as good traders because signal is also won as profitable network but eventually i don't know how it works in crypto.

The trader who trades depending on the signal cannot stay in the market for long. Because it is very risky to trade depending on the signal. The groups that sell signals are mostly involved in pumps and dumps. So if you buy the wrong signal, your fund will be at risk here. In my opinion you should trade using your own trading knowledge. Someone else's signal will not give you a good result.

SARA ISLAM

member

Activity: 558

Merit: 11

umachit.fund

In the beginning, I used to trade with the signals myself but after some days I saw that the profits on some of the signals could not be maintained but many times they lost by giving wrong signals. As far as I understand, signal providers mostly target low volume coins. Most of the time it becomes very dangerous in my opinion.

Shasha80

sr. member

Activity: 1876

Merit: 318

For me trading signals will only affect the results of our own analysis, sometimes trading signals make us suffer a lot of losses.
I have often joined many trading signal groups on telegrams, from free to premium. But all trading signals have in common that
is beneficial to the owner of the group, because he had already bought coins that will pump. So when the members buy the price
not long ago immediately dump, because the group owner has taken profit first.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

You must have to know first what is signal trading and how it used.

https://tradingstrategyguides.com/crypto-trading-signals/#

But I suggest not to fully depend on this but rather to focus on the current market situation. Signal Trading is only a tool for better trading but as we know how unpredictable we are, we can say that this is not really effective all the time. Or this might be the reason for your future losses just like it happens to many traders who just relying upon signals that seem to be manipulated by a dump and pump group.

rexxarofmoknathal

sr. member

Activity: 980

Merit: 260

Quote from: LUCKMCFLY on June 21, 2020, 01:35:19 PM

In my own opinion, I have never believed in the signals, nor in the signal groups or Pump and Dump groups...

Trading signals exist and are used by others in trading but personally I don't find these signals accurate and is expected because the analysis required to predict the market price is complex.

As for signal groups for Pump/Dump I'm totally against because often these groups are made up of either whales or newbies and in terms of whales regular traders won't be able to follow suit. As for the newbies group, well that's just totally inaccurate info, sometimes even at the small fee to join the group.

All in all, signals can be misleading and can't just blindly trust and signal groups are also a no no.

Shallow

sr. member

Activity: 938

Merit: 255

SmartFi - EARN, LEND & TRADE

Quote from: hassancisse on June 02, 2020, 05:45:59 PM

Hello everyone. I have been so curious about this lately, can you buy signals to trade cryptocurrencies concerning the volatility and how it moves. There are lot of forex signals out there that you buy and make a lot of money from but i dont believe it works for cryptocurrencies.

I need your opinion people

Of course trading signals do exist in the crypto space and also it is assumed to come from "experts" but however, there have been instances where it is believed to have worked and there are instances where it dealt with traders thus causing them to lose hugely. In my own opinion, I don't think it is worth it taking unnecessary risks with a trading signal which you don't know its authenticity. Therefore, the need for anyone who is planning to be a crypto trader to study and learn all that is to learn, hence trading the right way.

OptimusPrime_3

jr. member

Activity: 308

Merit: 1

I really don't think cryptocurrency trading pattern and movement can be deduced by trading signals.
The factors that affect the market most times are not predictable.

Jating

hero member

Activity: 2842

Merit: 772

Quote from: spike420211 on June 26, 2020, 03:40:22 AM

They can, if you find a good professional trader who perfectly knows the market and sells his signals for expensive.

Yeah, that is, if that professional trader are willing to share his knowledge, but I'm under the impression that those who have made a lot of money are not going to have their secrets on the public.

Quote from: spike420211 on June 26, 2020, 03:40:22 AM

Otherwise, you run the risk of getting into repeaters or weak traders, who, although I understand how to interact with the market, will not be able to dodge the next unpredictable market movement, and all accumulated savings will be lost.

There are a lot of so called experts who claims to be, that's why we should be very careful on who we follow or. trust in crypto trading. Because we are not sure, maybe they are just hiding, but behind they are just like you and me here, average bitcoin traders.

Quote from: spike420211 on June 26, 2020, 03:40:22 AM

As a rule, with a stable BTC, the signals work almost flawlessly, but at some point a strong movement can lead to large losses in all positions.

Swing traders are very dangerous, the safest to do is just buy in dip and be a long term holder.

Topic: Can Signal Trading work for Cryptocurrencies - page 2. (Read 1013 times)