Can Signal Trading work for Cryptocurrencies

onrise

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Quote from: Adorari on July 15, 2020, 02:54:42 AM

If everything is done correctly then everything will probably work out.

Not all signals given does workout in this crypto volatile. Many times, people had fallen in the trap and has lost money since signals were not favourable to them and mostly the pump and dump startegy was being used. So instead I would like to learn myself and get my skills up the curve so that I myself can identify the levels and then deicide my own trading startegy.

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Quote from: Adorari on July 15, 2020, 02:54:42 AM

If everything is done correctly then everything will probably work out.

In fact the crypto market is consistently changing Therefore, it's very difficult to mention that following the signals will make everything work properly However if the market was stable then signal trading for cryptocurrency would be more convenient. But before that you would like to realize knowledge about the strategies of the market there's without stopping to learning to trade.

Adorari

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If everything is done correctly then everything will probably work out.

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Quote from: onrise on July 22, 2020, 12:10:39 AM

Quote from: Adorari on July 15, 2020, 02:54:42 AM

If everything is done correctly then everything will probably work out.

Not all signals given does workout in this crypto volatile. Many times, people had fallen in the trap and has lost money since signals were not favourable to them and mostly the pump and dump startegy was being used. So instead I would like to learn myself and get my skills up the curve so that I myself can identify the levels and then deicide my own trading startegy.

Having some basic knowledge in trading will guide people who buy signals especially in crypto trading, I can't just buy a signal and trade blindly with an input even in forex I do analyze those signals with my own strategy to verify the authenticity of those signals before pulling the trigger of buying or selling honestly the best bet is to learn skills of trading and get a feel of it rather than relying on paid fictitious signals that could in a long term rekt an account.

divina marine

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I think it can work sometimes but not frequently. As crypto currencies are highly volatile and it is very hard to predict the exact pattern of crypto's. Thus, it is foolishness to pay huge amount for crypto signals.

Savemore

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Quote from: The Cryptovator on June 03, 2020, 04:55:56 PM

First thing I will discourage anyone who are willing to buy trading signal especially for cryptocurrency trading. Because even their few signal become true but eventually you will regret from their signal when you will lose funds on a trading. What I had heard, most of people lost funds by buying signal and now they are trading themselves. Just imagine, if someone could give you perfect signal then they could make million dollars by trade themselves instead of sell their signal just for few dollar. So better avoid such as paid signal and learn as much as you can. Trade with patience and likely you will gainer than paid signal.

We should really discourage people who want use signals because majority of them or maybe all of the mare fake. I know the reason why many newbies wants to have signals because they think it is a easy money for them in trading. This kind of reason will lead them to become dependable on signals while they keep losing money, why will you join in a paid signals where you can incur more losses. It is better to trade with ourselves than to believe and trust paid signals out there.

lixer

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If you’re going to be looking for crypto signals make sure that you have enough money to be able to go for the paid signals and not those ones that they will be doing for free. If you’re going to be relying on those free crypto signal groups, trust me when I say those people don’t give an f lol. Since nobody is paying them for the job they are doing, they don’t care and won’t put much effort into the work they are doing. Why should they care when they are benefitting from it? Huh

So I won’t blame them.

90% of the times you’re going to be getting wrong signals, that’s if it is not 100% of the times. So I will advise you go for the paid signals, and be careful the ones you go for, some of them are scammers.

AakZaki

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Beginners choose the shortcut to use signal trading services in the telegram group that is provided free or paid to trade without the need for analysis. Using trading signals will make him addicted and unable to develop himself.

The profit gained by beginners who use trading signals has been set by the signal group owner. of course those who have a trading signal group benefit from you if the trading signal is paid and the next benefit of a few coins is recommended to buy. whereas before they had made a purchase first. Free or paid trading signals will only benefit the group owner. But there are some trading signals in which have education to start learning technical analysis. But I don't recommend following trading signals.

Insanerman

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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

Subscribing to a signal is actually reliable, but be mindful that not all signal services are good enough in excange to your subscribing fee. If you are planning to subscribe on a signal service, make some researches first, if you found a good one, that wiil be worht it. They are reliable because those that has good signal sevice can help you to decide more rationally as they are based on the latest market analysis.
For me, it's much better if you will also study the market and make analysis on your own.

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Quote from: wozzek23 on July 14, 2020, 02:11:28 AM

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

.

Hahaha, my approach does not always work since I don't know where the market will moves. But with the second or third strategy, at least, I can try to prevent any worst situations such as dump at the market, which can happen anytime. Even if somehow I miss the time to checking the market, with using the alarm, I think I can back to check the market as soon as possible after the alarm sound.

Quote from: wozzek23 on July 14, 2020, 02:11:28 AM

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.

That happens to me in the early time to trade and make me confuse without knowing what I need to do. At that moment, I don't use stop-loss but hope that the price will be back to the higher price after it's down. I also panic when the price is down because I don't know how to prevent or use the stop-loss function.

But from that moment, I try to learn more about trading, and I learn about controlling myself.

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Quote from: Kelvinid on July 14, 2020, 12:26:33 PM

Because in the first place, why people will share their signals if they can benefit from it, why keeping it own for they are also in trading. It is that simple that we want people to buy it and take advantage.

I think strategy is different when they say signal. A strategy directs the trader who sends signal order to someone either for sales or for free. But they are different things. Some people can sell signal to others but I don't think it is the best for a trader to rely on it for their trade.

stomachgrowls

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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

Buying signals are totally bullshit and if you do rely into these calls then you are bound to lose up money way more that you do expect.Im aware with those signals floating around on Forex or stocks market but i dont see for those calls to be accurate or to be precise yet even on a centralized market, possible manipulation is very rare on case or shall we say insider information is not really very that common.

Same goes here on crypto specially on the essence that this market is way too unpredictable and very highly reactive to news and events or does even move without significant reason which would
leave some questions boggling into your mind.

Trade on your own and dont rely with others call.This will just surely give out that regret feeling.

Sebas.tian

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Am not saying this is not available in cryptocurrency, but this will be more difficult to get through compare to others like stocks market. There are thousands of applications that could be use for this assignments but the truth is, you might ends up achieving nothing. Those pumping groups are those who will provide signals and await their associates to buy so they can sell their bought tokens. Don't fetch cryptocurrency signals from telegrams groups because they are all scam.

Oceat

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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.

Well, most of the time signal trading doesn't work at all since it's an open market plus the volatility is too strong that even a few seconds the prices would suddenly change. The only one who can benefit from the trade is the person who gives the signal this trick is asking you to pay for subscription promising they will give you the signal and that's it. It might work once or twice but not consecutively.

harizen

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Quote from: Kelvinid on July 14, 2020, 12:26:33 PM

.. why people will share their signals if they can benefit from it, why keeping it own for they are also in trading.

The benefit is the paid subscription.

That's the reason why those pretenders share their signals that claimed to be "profitable".

Sometimes, it's good that even just for once, people experience being caught up in a trap of these pretenders to learn the lesson. Even there are lots of warnings and some understand the risks, there are still people who want to test the waters of buying a trading signal.

LbtalkL

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Those signals are just made by a trader, not from a fortune teller whatsoever, So it is not right all the time. Beware of the signal group most of them will encourage you to buy their VIP signal which costs a lot. They are just milking those newbies who avail it. The point is if they are good at trading for sure they will earn a lot why not share their knowledge right? It is always better to trade for yourself even you lose atleast you learn from your experiences.

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

What if what he said is not true then you put big amount of money in that trade and you lose huge money?

Even when you are trading by your own provided signal, you are not to over trade or become too confident and take irrational and unfortunate risk. So taking a risk you can bear losing is the proper way to trade.

Kelvinid

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I understand that most new traders had fallen into this kind of trick, relying on trading signals pretending that it works perfectly (or at least). This is just lying sentiment and can't be true at all. I know that signal is a tool for trading but you can't just rely upon it. We know that we are in volatility, price isn't predictable, and that to think that this will never work as well. Because in the first place, why people will share their signals if they can benefit from it, why keeping it own for they are also in trading. It is that simple that we want people to buy it and take advantage.
This is how whales manipulate the market, you can be their prey if you will follow them.

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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.

Copying other persons trades can harm your investment, the person can easily adjust, while without any knowledge you can't.

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

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.

Mostly happening to every traders who doesn't know how trade really works, if they just can easily being moved by other people's
opinions, always best to relied with how you understand your investment.

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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

Signals are always taken from some system. Technical analysis itself works in any markets and cryptocurrency too. If a person is able to use technical analysis, then the signals will be adequate. Another thing is that relying on someone, you give him responsibility for your actions and money. Instead, it is better to learn how to trade yourself, and make money. ))

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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

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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.

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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.

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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

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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.

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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

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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

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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.

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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.

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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.

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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.

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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

.

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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.

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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

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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

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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.

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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.

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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.

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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.

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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.

spike420211

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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.

Lorokan

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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

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.

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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.

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Quote from: hassancisse on June 20, 2020, 06:17:11 PM

Quote from: South Park on June 19, 2020, 11:44:37 AM

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

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.

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

Correct, but you still need to be careful, there are some people charging thousands of dollars to teach you how to trade and people pay for those courses thinking they are going to get the secret to make money in the markets, the truth is that you could buy a few books about the topic by renown traders and learn that way, while I know this is not the most newbie friendly approach it is the one that it is the most friendly to your wallet, which is important because at the beginning of your trading career you will have more time than money and it is important to take care of it before you begin to trade.

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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, 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!

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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, 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?

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

Harlot

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Quote from: FanEagle on June 21, 2020, 11:14:04 AM

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.

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.

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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?

BitcoinTurk

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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

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.

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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

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.

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Quote from: MCobian on June 20, 2020, 06:33:26 PM

-snip-

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.

FanEagle

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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.

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.

MCobian

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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.

hassancisse

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Quote from: justdimin on June 19, 2020, 09:52:56 AM

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

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

hassancisse

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Quote from: South Park on June 19, 2020, 11:44:37 AM

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

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.

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

South Park

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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

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.

wxxyrqa

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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.

justdimin

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

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.

Ridwan Fauzi

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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

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.

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.

ethereumhunter

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Quote from: Assface16678 on June 19, 2020, 02:45:53 AM

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.

XCANA

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Quote from: GelsoAM on June 16, 2020, 03:37:06 AM

It works, well sometimes. There are decent Signal groups out there that is managed by expert traders. But of course, When you trade you must not always trust other's opinion at all times. Because how can you become independent if you rely on their signals? Make the signal something you do after making a speculation on the market just to double check your decision.

First and foremost, don't ever try to use cryptocurrency signals from any group or from an elite because they are the same persons or groups that are responsible for the pump and dump league games. Of course there are premium signals but how are we sure they are what they said they are!. Personally, I used trading view: most importantly the oscillator accelerator and this has been working for me with minimal lose so far.

Assface16678

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Trading signals with the help of the trading indicators may keep you to make more money because having a warning from the next market movement may help you to make more earning which is good because it helps you to make a profit at the same time avoid you to going hold long time market coins.
But still, not all the time trading signals may help you one of the best and better ways is to make your own study about the market movement because most of those may help you a lot to make easier trading and winnings.

Quote from: Latviand on June 18, 2020, 04:49:28 AM

Quote from: realinks on June 03, 2020, 05:48:42 PM

I think it would work. It is charts we are reading for both forex and cryptocurrency. There a lot of similarities between both of them. so likely going to work but i haven’t seen though

It is somehow effective because this trading signal will make us more aware when to trade. Most of the traders are having difficulties when to trade or when is the right time to perform a trade. That's the common mistakes of those trader who doesn't use trading signals before the transactions. We should know and explore the importance of signal trading in the market, especially if you're a beginner.

Trading signals can minimize the risks, it can improve a trader's good decision making to become more effective and wise. It also guide traders on what are the proper ways of making profits in the market although the market situations are not that stable enough. We should know and explore the importance of signal trading in the market, especially if you're a beginner.

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.

Kasabus

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Quote from: GelsoAM on June 16, 2020, 03:37:06 AM

It works, well sometimes. There are decent Signal groups out there that is managed by expert traders. But of course, When you trade you must not always trust other's opinion at all times. Because how can you become independent if you rely on their signals? Make the signal something you do after making a speculation on the market just to double check your decision.

For me, i don't prefer using signals even from the start because we can still make our trading successful with our own efforts. Trading with paid signals may be less risky but it won't make you a good trader in the making if you completely depend on it. Study on your own and with experiences you will gain, it will make you a better trader eventually.

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Quote from: Latviand on June 18, 2020, 04:49:28 AM

Quote from: realinks on June 03, 2020, 05:48:42 PM

I think it would work. It is charts we are reading for both forex and cryptocurrency. There a lot of similarities between both of them. so likely going to work but i haven’t seen though

It is somehow effective because this trading signal will make us more aware when to trade. Most of the traders are having difficulties when to trade or when is the right time to perform a trade. That's the common mistakes of those trader who doesn't use trading signals before the transactions. We should know and explore the importance of signal trading in the market, especially if you're a beginner.

Trading signals can minimize the risks, it can improve a trader's good decision making to become more effective and wise. It also guide traders on what are the proper ways of making profits in the market although the market situations are not that stable enough. We should know and explore the importance of signal trading in the market, especially if you're a beginner.

Undoubtedly, there are trading signals that are available only to the elite, as well as those who have the opportunity to pay good money for specific information. But even if a trader can afford to take a chance and raise a certain amount of funds in order to use the Premium Signal for traders, then Where is the guarantee that I will ensure that this information is reliable. It seems to me that it is easier for the trader to learn how to analyze the market than to look for a really good source of Signals.

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Quote from: realinks on June 03, 2020, 05:48:42 PM

I think it would work. It is charts we are reading for both forex and cryptocurrency. There a lot of similarities between both of them. so likely going to work but i haven’t seen though

It is somehow effective because this trading signal will make us more aware when to trade. Most of the traders are having difficulties when to trade or when is the right time to perform a trade. That's the common mistakes of those trader who doesn't use trading signals before the transactions. We should know and explore the importance of signal trading in the market, especially if you're a beginner.

Trading signals can minimize the risks, it can improve a trader's good decision making to become more effective and wise. It also guide traders on what are the proper ways of making profits in the market although the market situations are not that stable enough. We should know and explore the importance of signal trading in the market, especially if you're a beginner.

GelsoAM

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It works, well sometimes. There are decent Signal groups out there that is managed by expert traders. But of course, When you trade you must not always trust other's opinion at all times. Because how can you become independent if you rely on their signals? Make the signal something you do after making a speculation on the market just to double check your decision.

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Quote from: Oilacris on June 03, 2020, 02:59:23 PM

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

50-50% chances yet there are only two outcomes on which an analysis would go through either it do profit or it do blown up your trading account.Therefore, you can say about
half chances.I dont even believe that those signals given on forex are even more better than crypto and knowing this traditional market is prone to manipulation too which
you cant even tell on where it would go on next hour,day,week.

So, its better to make your own analysis and wont really depend on any paid signals out there since those people are just speculators too.

To me i find signal taking very difficult because im following the directives of someone that analyzed it and i wasnt the one that analyzed so i dont know when to opt out at the right time or when it is going against me

hassancisse

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Quote from: mersal on June 07, 2020, 02:36:54 PM

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

It exists in the crypto market as well but the chances of ending up in profitable is less compared to the forex you said because the volatility is extreme here.And also signal groups need lot of money for subscription which may not worth enough for the profits you are going to make with the such huge risks involved and also there are lot of fake bump and dump groups too exists here.

Yea thats true there are lot of scammers claiming to give legit signals but when you pay you find out its not working. To even pick signals are difficult

mersal

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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

It exists in the crypto market as well but the chances of ending up in profitable is less compared to the forex you said because the volatility is extreme here.And also signal groups need lot of money for subscription which may not worth enough for the profits you are going to make with the such huge risks involved and also there are lot of fake bump and dump groups too exists here.

mbahokey

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There are three types of analysis for forex or crypto trading
1. Technical analysis
Generally, trading signals are generated from technical indicators such as crossing MA, overbought/oversold points of the oscillator, support/resistance points etc.
2. Fundamental analysis
Based on news such as economic, social and political factors of a country that affect volatility and supply & demand on the market
3. sentiment analysis
Based on trader opinion

The three analysis above have different levels of accuracy for every pair on forex or crypto trading. If you believe with a signal, you have to combine the three analysis above as a correlation to get stronger signal Wink

mnporter2001

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right. The crypto market is different from the forex market. It is two different markets and the news will have different influence. but if you talk about Indicators or Price action signals then I think it works for both markets. because the indicators are just telling the psychology of the trader and we can look at that and evaluate it.
But I realized there are similarities between the stock market and the crypto market. When any fluctuations occur in the political or economic field, the two markets are very volatile.

Lizzylove1

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In 2017, I loss some decent money following signals. Made some money from a bot designed by one prof in my country, where he got into problem was when he asked investors to fixed their fund with him, due to the volatility of cryptocurrency he ran i to problem he couldn't pay interest again till date, so no one take his signal serious anymore.

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

but i dont believe it works for cryptocurrencies.

I need your opinion people

What I think is it works just as it does for forex. You however should understand that forex has currency pairs and not cryptocurrency. But same platform can work for both because some forex system have trade both fiat and cryptocurrency pair.

roman100

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Crypto trading signals are trading ideas or trade suggestions to buy or sell a particular coin at a certain price and time. These crypto trade signals are generated either manually by a professional trader, or by trading algorithms and bots that send the trade signals automatically. cryptocurrency doesn't have to be difficult or risky. Investors simply need to have a plan before taking action and every responsible trader always does their own research before making an investment in any asset.

Bright_dhykseen

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This is something I will never recommend.

The crypto market is too volatile and unstable for signals.

maydna

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Rather than to buy premium signal trading, you better to analyze by yourself because that will be your advantage that you can get from trading. You can improve your skills by learning to analyze the market so you can get a better analysis to trade. Besides that, you will know how to pick the coin and when you can enter the market with your analysis.

But if you decide to buy premium signal trading, you only depend on those groups without having a chance to improve your skills, and you will not have better skills in trading. It is not wrong to use the signal trading from other people or some groups, but the important is you can analyze more to get more clue or sign on the coin, so you know the time to trade.

roman100

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Crypto trading signals are trading ideas or trade suggestions to buy or sell a particular coin at a certain price and time. These crypto trade signals are generated either manually by a professional trader, or by trading algorithms and bots that send the trade signals automatically. The most popular method of getting them is on Telegram.

hassancisse

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Quote from: GreatArkansas on June 03, 2020, 07:58:53 PM

Quote from: timmmers on June 03, 2020, 09:56:55 AM

Quote from: GreatArkansas on June 02, 2020, 06:48:59 PM

It work sometimes, even in cryptocurrencies there are some premium trading signals where they provide where or when to buy/sell.
It's kinda expensive, just be careful on subscribing on some, research first and make sure they are legit premium trading signals.
I already tried last time to subscribe to some and they using telegram to communicate with their subscribers.

Yeah, thats the problem premium signals cost up to 700USD per months, so if you don´t have more than 1 BTC reserved for trading, then signals are not for you. That doesn´t mean that you have to own 1 BTC for trading, but you need to look for something diffrent. Wink

If the problem here is you have low trading capital and you can't afford the premium signal subscription fee.
You can invite some of your friends or people that you know and willing to do this thing. So, you and your invited friends will split the subscription fees for the premium signals.
But it is registered as 1 person in the premium signal. Either you combine your funds in 1 trading accounts and 1 person will operate the trading account and just split the balance if you guys decided to withdraw the funds.

This is a good idea joint work has to come in place when you dont have enough capital to buy the signals and also trade. Only if you can get a legit signal provider and you know someone that has been winning trades consistently with the person

GreatArkansas

legendary

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Quote from: timmmers on June 03, 2020, 09:56:55 AM

Quote from: GreatArkansas on June 02, 2020, 06:48:59 PM

It work sometimes, even in cryptocurrencies there are some premium trading signals where they provide where or when to buy/sell.
It's kinda expensive, just be careful on subscribing on some, research first and make sure they are legit premium trading signals.
I already tried last time to subscribe to some and they using telegram to communicate with their subscribers.

Yeah, thats the problem premium signals cost up to 700USD per months, so if you don´t have more than 1 BTC reserved for trading, then signals are not for you. That doesn´t mean that you have to own 1 BTC for trading, but you need to look for something diffrent. Wink

If the problem here is you have low trading capital and you can't afford the premium signal subscription fee.
You can invite some of your friends or people that you know and willing to do this thing. So, you and your invited friends will split the subscription fees for the premium signals.
But it is registered as 1 person in the premium signal. Either you combine your funds in 1 trading accounts and 1 person will operate the trading account and just split the balance if you guys decided to withdraw the funds.

hassancisse

member

Activity: 272

Merit: 13

Quote from: Renampun on June 03, 2020, 06:00:27 PM

I think it's a little not working...
trading signals for cryptocurrencies that I had participated in in 2018 and collected a fee of $ 90 / member, I joined but I feel the accuracy is only 65%. I suffered a number of losses, after several months, the admin of the group ran away. my advice is to research first before joining the cryptocurrency trading signal group.

There are lot of scammers that claim to be providing signals out there the issue is getting the legit ones

Renampun

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I think it's a little not working...
trading signals for cryptocurrencies that I had participated in in 2018 and collected a fee of $ 90 / member, I joined but I feel the accuracy is only 65%. I suffered a number of losses, after several months, the admin of the group ran away. my advice is to research first before joining the cryptocurrency trading signal group.

realinks

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I think it would work. It is charts we are reading for both forex and cryptocurrency. There a lot of similarities between both of them. so likely going to work but i haven’t seen though

Haneefah

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Buying signals for trading is not advisable for both forex and cryptocurrencies. When you analyze you will know the direction of the market and know where the market is going to

The Cryptovator

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First thing I will discourage anyone who are willing to buy trading signal especially for cryptocurrency trading. Because even their few signal become true but eventually you will regret from their signal when you will lose funds on a trading. What I had heard, most of people lost funds by buying signal and now they are trading themselves. Just imagine, if someone could give you perfect signal then they could make million dollars by trade themselves instead of sell their signal just for few dollar. So better avoid such as paid signal and learn as much as you can. Trade with patience and likely you will gainer than paid signal.

hassancisse

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Quote from: chaser15 on June 03, 2020, 03:05:28 PM

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

Buy signals? Definitely a wrong move. You are correct, it doesn't work for crypto. That's how volatile it is.

Most crypto signals you will see are on other altcoins making it riskier to ride.

No choice but to depend on your own strategy especially if you are eyeing for bitcoin profits. You really need to spend time learning and reading trading stuffs at any references that you will see on the web. While analyzing, you can simply do the HODL in the meantime. It always works most of the time.

This is the good thing about cryptocurrency its either you HODL or you day trade it but the issue i have now is now knowing when i am holding on for too long or if i am selling early because that is the issue when it comes to cryptos.

chaser15

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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

Buy signals? Definitely a wrong move. You are correct, it doesn't work for crypto. That's how volatile it is.

Most crypto signals you will see are on other altcoins making it riskier to ride.

No choice but to depend on your own strategy especially if you are eyeing for bitcoin profits. You really need to spend time learning and reading trading stuffs at any references that you will see on the web. While analyzing, you can simply do the HODL in the meantime. It always works most of the time.

FlamingFingers

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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

My advice for you and to anyone concerned is to try as much as possible to learn basic trading skills themselves, most of the signals group out there are pump and dump they would have gotten a good entry and when they post the signal fomo begins you end up buying high and perhaps they dump on you

Oilacris

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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

50-50% chances yet there are only two outcomes on which an analysis would go through either it do profit or it do blown up your trading account.Therefore, you can say about
half chances.I dont even believe that those signals given on forex are even more better than crypto and knowing this traditional market is prone to manipulation too which
you cant even tell on where it would go on next hour,day,week.

So, its better to make your own analysis and wont really depend on any paid signals out there since those people are just speculators too.

thesmallgod

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I have not subscribed for a premium trading signal before because I can many people saying it is good but with the little experience I have about using trading signals provided from trading groups especially on telegram, it is not always good. It is just like a co-ordinated pump from various trading signal groups to pump and dump a particular token. Most time you are being used as bait.

beerlover

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Well, you should have asked "has signal trading worked for cryptocurrencies" and not can, because it has been tried for over half a decade now, so it is not a knowledge that is secret and never tried before. It is actually the most common method of trading bitcoin nowadays, all people are looking for some signal to sell or buy bitcoins.

They are calling it TA and they are calling it chart reading, but whenever they do that they don't realize that people who give out signals use the same methods as well, so they are doing the signaling to themselves alone which is still signal to begin with. Hence it has been done, sometimes the signal is correct and you make a profit, sometimes it is wrong and you lose, it all depends on who did it and what you looked at to trade.

Ryker1

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Quote from: minairia3 on June 03, 2020, 08:37:31 AM

Im not confident with these trading signals, I found them not useful on terms on gaining trading experience. First of all these method can somehow let you gain profits, but in return you need to pay loads of cash for that. Question is, does the result guaranteed? Of course not right? So where is the advantage of users that will buy this. I am sure that they have a disclaimer about its risk and they will only help you find specific target to enter and exit but this is on your own risk. Crazy to think but you are just buying an inaccurate crystal ball machine.

Well, we are on the same perception. This trading signal group leaders most commonly they will gain first over their members. Because they can manipulate the price and give late trading information to the members. In the cryptocurrency market, you could not simply predict unless if there are a pump and dump between the coins they will like to be hype. Indeed, the risk is always there so perhaps it is better to stay away on this kind of service because they are not correlative to forex trading.

timmmers

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Quote from: GreatArkansas on June 02, 2020, 06:48:59 PM

It work sometimes, even in cryptocurrencies there are some premium trading signals where they provide where or when to buy/sell.
It's kinda expensive, just be careful on subscribing on some, research first and make sure they are legit premium trading signals.
I already tried last time to subscribe to some and they using telegram to communicate with their subscribers.

Yeah, thats the problem premium signals cost up to 700USD per months, so if you don´t have more than 1 BTC reserved for trading, then signals are not for you. That doesn´t mean that you have to own 1 BTC for trading, but you need to look for something diffrent. Wink

minairia3

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Vave.com - Crypto Casino

Im not confident with these trading signals, I found them not useful on terms on gaining trading experience. First of all these method can somehow let you gain profits, but in return you need to pay loads of cash for that. Question is, does the result guaranteed? Of course not right? So where is the advantage of users that will buy this. I am sure that they have a disclaimer about its risk and they will only help you find specific target to enter and exit but this is on your own risk. Crazy to think but you are just buying an inaccurate crystal ball machine.

Vitalicus

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Quote from: slapper on June 03, 2020, 12:42:26 AM

If you find good signals, they can provide you a good amount of interest weekly. However, it is hard to find a good one, especially since there are too many people who claim themselves as traders. Be careful of everything you see on the internet. I used to follow many signals, not just about crypto but also forex. They are all dumbass. They never discuss their losing trade and always boast about their one-time winning trade.
My advice, try to learn trading by yourself. It is not as hard as you think. Knowledge can easy be obtained and many courses, as well as books, are free on the internet

So true!! Even though trading signals are sometime accurate. Most of 'em are wrong ones. There's nothing better than learning how to analyze the market by yourself. Especially in today world, internet provides a lot of free courses, books, videos.. Just put a little bit of work in studying, you'll no longer need to rely on signals.

joniboini

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Don't do it. You're buying probabilities, and at the same time, you can't hold the signal giver liable for your loss. They'll always say what they provide is only analysis but your funds will always be at risk. Learn to trade on your own, spend time improving your skill, and be independent. It takes time and that's why not all people can make a lot of money from trading. There's no easy route here. If someone gives you a service like this, chances are they're just selling their so-called analysis with 50:50 probability or worse.

At the end of the day, the winner is the seller. They get monthly fees from you while your profits aren't guaranteed. Might as well spend your money on etf, real estate bonds or etc.

slapper

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Leading Crypto Sports Betting & Casino Platform

If you find good signals, they can provide you a good amount of interest weekly. However, it is hard to find a good one, especially since there are too many people who claim themselves as traders. Be careful of everything you see on the internet. I used to follow many signals, not just about crypto but also forex. They are all dumbass. They never discuss their losing trade and always boast about their one-time winning trade.
My advice, try to learn trading by yourself. It is not as hard as you think. Knowledge can easy be obtained and many courses, as well as books, are free on the internet

Blue_oxen

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Quote from: maxreish on June 02, 2020, 09:47:52 PM

Those crypto signal groups are mostly paid signals that needs VIP subscriptions to join. And when it's come to accuracy it is not 100% accurate. Though I can tell there are some signals that they provide that are effective sometimes but if you know how to read teachnical analysis, volumes, charts, etc. Then I won't advise you to join any signal groups. Waste of money + not that really accurate. Well, that's my own experience. So, you can still try it yourself.

You're right! Trading signal groups work based on the creators' behalf, not yours! You should learn how to analyze the market by yourself so you can have the ability to double-check any signals given. Despite the fact that sometimes trading signal groups actually help traders, there'll be a lot of time that they give out the signal for their own reasons, which can hurt traders! Therefore, don't completely rely on trading signal groups to trade!

Negotiation

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Hire Bitcointalk Camp. Manager @ r7promotions.com

I think cryptocurrency has more risk for signal trading These signals do not always give the right direction Most of the information is incorrect In that case it is better to trade by analyzing your own market without following the trading signals. This will reduce the amount of risk You should also try to learn trading charts after reading different books and watching videos These groups use these trading signals to scam It is better not to follow the signals.

maxreish

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Those crypto signal groups are mostly paid signals that needs VIP subscriptions to join. And when it's come to accuracy it is not 100% accurate. Though I can tell there are some signals that they provide that are effective sometimes but if you know how to read teachnical analysis, volumes, charts, etc. Then I won't advise you to join any signal groups. Waste of money + not that really accurate. Well, that's my own experience. So, you can still try it yourself.

mk4

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Paldo.io 🤖

"Trading signals" can be quite different in the cryptocurrency markets. Instead of the group owner actually somewhat predicting price increases, the group owners does the "pump and dump" method instead, whereas the group leader buys a good amount of a low-marketcap coin/token, and tell his/her followers to buy that coin/token, pumping up the price. Then, the group leader dumps his/her holdings, crashing the prices back down.

I wouldn't recommend it at all.

hassancisse

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Quote from: GreatArkansas on June 02, 2020, 06:48:59 PM

It work sometimes, even in cryptocurrencies there are some premium trading signals where they provide where or when to buy/sell.
It's kinda expensive, just be careful on subscribing on some, research first and make sure they are legit premium trading signals.
I already tried last time to subscribe to some and they using telegram to communicate with their subscribers.

Thank you for the contribution. The ones you tried out what was their win rate every month

GreatArkansas

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It work sometimes, even in cryptocurrencies there are some premium trading signals where they provide where or when to buy/sell.
It's kinda expensive, just be careful on subscribing on some, research first and make sure they are legit premium trading signals.
I already tried last time to subscribe to some and they using telegram to communicate with their subscribers.

hassancisse

member

Activity: 272

Merit: 13

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

Topic: Can Signal Trading work for Cryptocurrencies (Read 1013 times)