They can, if you find a good professional trader who perfectly knows the market and sells his signals for expensive.
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.
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.
Topic: Can Signal Trading work for Cryptocurrencies - page 3. (Read 1013 times)
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
I need your opinion people
Yes, you are right, signal trading works well in crypto currency just like every other signals, but it is not overly dependable. Instead of investing money into signals, and monitoring chat groups so you can get the signal, why not take that time to understand crypto currency trading to the best extents?
Buying signals in the long run will end up not remarkable.
It works sometimes but you can't trust it completely. There are some telegram groups or other groups that are instructed to trade only to earn commissions. In this case, they only provide their opinion which may or may not be correct. Moreover, there are some groups who invest in one of the small volume coins and signal the market to move upwards so that others invest their assets in those coins and the signal group member earn their profit. So in my opinion it is better to take business direction in investing as well as verify your own skills and analysis and then make an investment decision.
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
Trading signals do not work for forex either, you just have to think this logically, supposing you had a way to profit from the markets what would you do create a trading signals group and charge a small amount of money for them monthly? Or use your knowledge and whatever money you have available to trade the markets? In almost any scenario that you could conceive the latter option is more profitable than the former, as such do not waste your time with signals and learn how to trade by yourself.I need your opinion people
The money that will used to purchase signals should even be invested in the education. There are a lot of trading education platforms out there that you can learn from and on the long run you’ll be profitable
In my own opinion, I have never believed in the signals, nor in the signal groups or Pump and Dump groups, they generally fail, I think they only do technical analyzes and when they only carry out technical analyzes without seeing the context of the market, fails, logic speaks for itself, if those who have the knowledge of the signals, it is not better to trade and earn more, than to sell them.
They only sell the product and do not show their accounts and balances due to the same signals, how to believe in something like that?
True! Trading signal groups work based on their creators' behalf, not yours! Even though sometime, the signal is accurate! But most of the time, the signals are given out by their intentions. Therefore, don't rely on those signals. You should learn how to analyze the market by yourself to have the ability to double-check the signals before following them. It's better when you can do it yourself! They only sell the product and do not show their accounts and balances due to the same signals, how to believe in something like that?
In my own opinion, I have never believed in the signals, nor in the signal groups or Pump and Dump groups, they generally fail, I think they only do technical analyzes and when they only carry out technical analyzes without seeing the context of the market, fails, logic speaks for itself, if those who have the knowledge of the signals, it is not better to trade and earn more, than to sell them.
They only sell the product and do not show their accounts and balances due to the same signals, how to believe in something like that?
They only sell the product and do not show their accounts and balances due to the same signals, how to believe in something like that?
Some people don’t even know about technical analysis they trade with demo and say it’s a live account. Even the ones that analyzes well they don’t teach you how risk management so you still need to go and work on yourself
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.
In my beginning days of trading, I was looking to buy signals because at those times I was not capable of generating required signals; before learning how to analyse the markets and how to generate signals unfortunately I got into trading. All the houses I have subscribed, not efficiently provided me signals like they might give me after the entry point passed away or something similar to that because some 15 years back we were not having this kind of efficient chat clients but I remember I received signals through yahoo chat and SMS.Then I slowly started learning about technical analysis which enabled me to generate my own signals. If there would have been some very good house which provided me good signals then I would have been subscribing to them till date. But, now I'm generating signals what I need and I'm saving those subscription fees.
You may go buying signals but learn how to generate them and that would help you on lots of other ways too.
Trading signals in cryptocurrencies are way different compared to what we have for the stock market and forex. Both the stock market and forex trading signal services offer in depth analysis on why they made that buy/sell signal crpto trading signals on the other hand mostly doesn't offer that kind of analysis and they just provide entry and exit points which for a trader wouldn't look convincing. This kind of trading signals are mostly found in Telegram channels and there only goal is for their followers to pump the crypto so the ones who are managing their service can later dump them. On top of that you won't really learn anything from what they are doing as mostly their is a selfish motive behind every of their suggestions.
In my own opinion, I have never believed in the signals, nor in the signal groups or Pump and Dump groups, they generally fail, I think they only do technical analyzes and when they only carry out technical analyzes without seeing the context of the market, fails, logic speaks for itself, if those who have the knowledge of the signals, it is not better to trade and earn more, than to sell them.
They only sell the product and do not show their accounts and balances due to the same signals, how to believe in something like that?
They only sell the product and do not show their accounts and balances due to the same signals, how to believe in something like that?
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
I need your opinion people
It is not possible to say that the process signals you mentioned always work or not. Namely, when there is a high volume signal, it will undoubtedly be true, but if only one or two indicators are produced, the probability of that signal to be true will be extremely low. For example, if 5 or more indicators give buy signals simultaneously, it is very likely that the operation will be successful, but we cannot say for sure that the signal is guaranteed to gain. So, to summarize this situation briefly, I would like to say that such signal services are not flawless, but not awful. It is also possible to say that in some times it is possible to say that I have acted on the signals, I wish it had been possible if I had not acted on the signals.
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
Yes, the bots are programmed differently for indicators and some other signals. there will be good bots and bad bots, it can only run stably for a few days with a win rate of more than 90% and after only 2 months, the performance of the bot will decrease. I tried trading on bot signals and it had to pay 200 $ / month but it was really unstable. I recommend that we learn about indicators to trade on our own, which is the best way to keep your money. Besides, you should choose for yourself a familiar market. when you are familiar with the volatility of each market, you will have better capital management plan and will win easier. I need your opinion people
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I have also joined the cryptocurrency signal group. Indeed, a lot of manipulation occurs and will increasingly benefit the group owner, especially if the free group signal gives a signal that will get stuck at a high price. There are several paid signal groups that provide signals but with some education about technical analysis so that they don't always depend on the signal and can do the analysis themselves.Doing your own analysis and continuing to learn about technical analysis will indeed be more profitable, not dependent on other people's signals.
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.
In my beginning days of trading, I was looking to buy signals because at those times I was not capable of generating required signals; before learning how to analyse the markets and how to generate signals unfortunately I got into trading. All the houses I have subscribed, not efficiently provided me signals like they might give me after the entry point passed away or something similar to that because some 15 years back we were not having this kind of efficient chat clients but I remember I received signals through yahoo chat and SMS.Then I slowly started learning about technical analysis which enabled me to generate my own signals. If there would have been some very good house which provided me good signals then I would have been subscribing to them till date. But, now I'm generating signals what I need and I'm saving those subscription fees.
You may go buying signals but learn how to generate them and that would help you on lots of other ways too.
Not a good idea for cryptocurrency to buy trading signals, because they are different from forex trading. Cryptocurrency trading signals
occur a lot manipulation of the owner of the group signal to benefit himself, by asking members to buy coins that were bought by him before.
More popular as a signal pump and dump, I really don't recommend it. Better to do the analysis by yourself than follow other people's trading
signals.
occur a lot manipulation of the owner of the group signal to benefit himself, by asking members to buy coins that were bought by him before.
More popular as a signal pump and dump, I really don't recommend it. Better to do the analysis by yourself than follow other people's trading
signals.
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.
Buying signals is a common practice across all kind of markets.You should not rush toward trading with those signals once you start receiving signals. You must watch those signals with live market so that you could evaluate their level of accuracy. Using a demo account to evaluate those signals must be a good idea.
I have seen such signal providing houses are usually proving trail period of 7 days to 1 month as well. So, you may test them before going for subscribing with them.
Overall, signals on trail+demo account/paper trading could be the right approach to get start with buying signal. But, please note that once you start buying signals then you never think about developing your trading skills which is highly discouraged by pro traders usually.
Some people won’t give you that window period to test the signals they’ll just be showing you fake results and you’ll think they are real. I have experienced a whole lot before. When you pay for the signals you’ll find out they don’t win trades like before
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
Trading signals do not work for forex either, you just have to think this logically, supposing you had a way to profit from the markets what would you do create a trading signals group and charge a small amount of money for them monthly? Or use your knowledge and whatever money you have available to trade the markets? In almost any scenario that you could conceive the latter option is more profitable than the former, as such do not waste your time with signals and learn how to trade by yourself.I need your opinion people
The money that will used to purchase signals should even be invested in the education. There are a lot of trading education platforms out there that you can learn from and on the long run you’ll be profitable
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
Trading signals do not work for forex either, you just have to think this logically, supposing you had a way to profit from the markets what would you do create a trading signals group and charge a small amount of money for them monthly? Or use your knowledge and whatever money you have available to trade the markets? In almost any scenario that you could conceive the latter option is more profitable than the former, as such do not waste your time with signals and learn how to trade by yourself. I need your opinion people
A significant part of cryptocurrency users have a negative attitude to trading signals, because no one can determine the accuracy of forecasts of one or another source. Although in fact the entire process of trading on the exchange, consists of practical forecasts made by the trailers themselves, without any help. And if, for example, from 100% of transactions, at least 60% will be profitable, then this will really be very good forecast accuracy. The same situation is with trading signals, although there are really sources that can make a really correct forecast, nevertheless, even among all their signals, a significant part will still be a failure. Every trader should be ready for this. Although finding these sources is also very difficult. It seems to me that in spite of the source of the trading signal you are using, each trader should come up with a good plan in advance for an emergency exit from the trade if problems arise while using the information of a particular trading signal.
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.
Buying signals is a common practice across all kind of markets.You should not rush toward trading with those signals once you start receiving signals. You must watch those signals with live market so that you could evaluate their level of accuracy. Using a demo account to evaluate those signals must be a good idea.
I have seen such signal providing houses are usually proving trail period of 7 days to 1 month as well. So, you may test them before going for subscribing with them.
Overall, signals on trail+demo account/paper trading could be the right approach to get start with buying signal. But, please note that once you start buying signals then you never think about developing your trading skills which is highly discouraged by pro traders usually.
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
The concept is indeed the same, you can follow the signal as long as you have known the reputable of the signaling. But, I just think that if you trade just depend on someone's analisys then it will be useless. You never know how the market work and you just spend your money to anyone which can't really give you profit. I need your opinion people
Their analisys could be wrong because trading is a way to get money in an uncertain way. We can't expect that our strategy will really give a profit, yeah I've been several times to feel it. I mean, I made an analyst and I got a signal to entry, I believe that my strategy will give me a profit at that time. But who know? My strategy was going wrong and just gave me a lose.
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There are a lot of benefits is you trying to master the use of the trading signals because it may reduce your loses and increases the chance of more winnings but still the market are volatile we cannot make an unexpected movement.
The signal trading does not always work because of the market volatility, and you need to analyze more based on that signal trading so you can get your time to buy or sell the coin. Since it is not easy to predict the coin movement, you always need to watch the price movement, and if your time comes to buy or sell, you can place your order buy or sell to fill when the price is up or down.
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