Topic: Crypto trading signal work or not? - page 7. (Read 2091 times)

I've people that said that very few of them can be legitimate. And I think those people who have said that have experience and really went through those few legit signals.
But the same as you, I think that most of them are really scam. They're the predators of those joiners and blinded thinking that they really are following good guys for signals.

They are 100% scam, jut stay away from them. If these signal men are that much proficient then why they are collecting few bucks, they must be millionaire. Spend 1 or 2 hour here  and you will learn so many things about crypto and that too for free.

I joined with any signal trading discussion and have free or paid group, I think is work because we can't control all altcoin and have joined with signal discussion we know which one coin left from our checking. Every day I check one by one with signal group what new coin good to buy and better for earn much profit, by joining with many telegram signal group we can know with many coin have to buy.

  Signals, well the bottom line is that what you are doing is allowing "other people"  to decide when to buy and sell, (it's not their money) it's yours.   IF they signal to buy when you should be selling, or to sell when you should be buying...    it's a problem, there are trading bots, that do basically the same thing.   They are difficult to setup, often buggy and most of them are profoundly inept at what they say that they are supposed to do.   Then there are the exchanges to consider.   IF you are using an exchange that "stacks" the deck against you then no matter how great the "signal" or how good the "Trading software is"  you are going to find it exceedingly difficult to profit in any meaningful way.

Take for instance the coinbase pro platform, selling on that platform is severely degraded by use of a laging assigned value that they (to my knowledge) do not publish.

  So you look at the spot price, watch the assigned value, (portfolio value) which is updated so slowly that any value is slow to update and quick to degrade.

  An example of this would be if your assigned portfolio value was 18,900 and the spot price were 59,600.00  then the spot price jumps to 60,388.00  But the portfolio value does not update to the new price, this is because it is not updated in real time, it is only updated during the quick down trend.   They are not using Asynchronous updates to the value that they assign to the portfolio.   It is because of this that when you try to sell at the higher spot price, the trade will only execute at the lower price assigned to the portfolio.   This is a profound disadvantage to the trader.  In reality signals mean nothing IF your trading platform is substandard.

If you are looking for a group with cryptocurrency trading signals, then you should know that it is very difficult to find a good group and that there are a lot of scammers. How do you make the right choice? To do this, you need to study each proposed group and you need to do this free of charge. After all, if you are asked to pay right away, then where are the guarantees that their signals are working? You should be given the opportunity to make sure that the synals are working for free and you will not lose your funds. All this is a complex process and will take time to study accurately. The main thing in this matter is not to rush, but to get as much information as possible, try out several free signals and only then make a decision.

Trading signals are very effective and concise and atleast 65% accurate most times; but it all depends on who is providing the trade charts. It betrays the trading ethics to pay for a signal group when you can get several trading tips on youtube. And also, you will not be able to determine a fake or real trading signal group by just chatting.

I suggest you join the binance, okex and ftx group for your country; interact with your countrymen and from there i am sure there will be enough free trading signals for you. Prior to getting trading signals, proceed to learn how to interpret trade charts and identify TP, SL, OP

No one has yet provided information, with supporting facts, for someone to follow a signal and get a good enough result. In most cases, we only express our opinion, but no facts. But the only thing that raises no doubts is that many have a negative attitude to trading signals. And if you copy someone's trade transactions, then you need to do it somehow else, since there is no real way to track the transactions of reputable traders.

It depends on the Trader you're going to follow. I think the only thing you need to do is to risk your money on that Trader, I mean the fee, risk it. Of course before you subscribe to their service, observe first if they trade successfully most of the time, and if it is positive then go for it. But signals are gonna be wasted if you don't know how to read the Technical Analysis they are going to drop in their channel, so yes, it is important to learn the basic first.

If your professional paid group admin are professional trader then you lucky. This type group are some scam and some legit. Now your choice what you want to do.     

Now that you posted this things I am pretty sure that if any of the scammer will read your topic here, they will take advantage on you and will send you pm privately were in the end they will encourage you to invest, therefore if I were you, more careful is the best thing you need to do at the moment. Never get easily believe in the the channel group especially in the telegram group in pump and dump.

Or try joining those free crypto signal groups first. To see how they do things and to have an idea if that will work for you. Joining paid signal groups is not advisable by many people here. For one, they will just rekt your money for fees, and then, later on, you will realize that instead of earning profits, you will lose money. Better learn the ropes on your own. Trade small and see how you can improve your trading skills. Also, when it comes to cryptocurrencies, there is no defined strategy here. Especially if you encounter pump and dump coin. Your TA knowledge and trading skills will not matter on this type of coin. But the more you know about the coin, the better for you to get insights on what may possibly happen to their market.

The Crypto signal will never work 100%.
Actually, if you are really going to join a certain crypto signals, ensure that it is really legit and not a scam. Nowadays, there are so many scams about this, depositing or paying for the services to get crypto signal ad then there is no signal or even the signal doesn't work.
This should be more and more careful when choosing the crypto signal.

honestly, I also join the crypto signal, for a group in my country and mostly members I also know them. I use their signal to compare with my own analysis (because I am not good enough for TA), so it becomes one of the consideration nd part of my analysis. And mostly their signal can work (but not always all are accruate). Soem of them are not accurate but still can be controlled well. They always make discalmer about this that there is no signal that is 100% accurate.

So if you find out the group that guarantee 100% work, you should be careful of it.

There can be some good ones, although I haven’t seen any of these groups like this that are really working, but there will surely be some of them that are legit, just that the fake ones are not letting us see them. And another thing you have to know is that all these signals are still under probability, they can’t really predict what will happen at 100% accuracy, it’s just what might happen but it also might not happen. That’s how it works. But it’s best to always give it a trial by using their free groups or their trial period if they have any, and if it’s working you can then decide as to whether you should pay for the premium or not.

Yeah, maybe it is more useful to join a group or channel where they provide news about upcoming potential coins and tokens but make sure they are not paid to promote those tokens. Maybe a good explanation of why they are recommending some particular coins would help clear that they are not paid to promote the projects. Signals of pump and dump or such things I don't think even exist let alone someone help you if they spot it.

But the point is, if they are competent and profitable traders/signal providers why would they give signals instead of asking users to invest under them because that should yield better profits for everyone. I know the risk factor is there but it can be minimized by some video calls and some trust gained by small investments and making a name for themselves slowly.

Following the free channel and testing the quality is suggested before paying the subscription fee for the premium group. From my experience, these types of trading signal groups don't share the losses and they only promote the winning calls. I will not afford the money for getting the product that I can find free on markets.

Not all of them are scammer but most. However, that is truly hard to tell and say who can be trusted among them and it is because scammers can easily make a change of their names and sometimes they copied known names and personalities just to brag people and give their trust.
Avoiding them is the best solution but I'd just to wonder why many have still become a victim despite the awareness we spread around which means that scammers still win.

Those youtube channels are also biased sometimes when they're paid to advertise a project. They're taking the deals because they have to earn from it.
Just be watchful when they're shilling your projects that you're aware that it's not a good investment and not all the advice from them should be taken seriously.

the credibility and quality of the signals given will be clear evidence if these signals are really analyzed and executed by themselves.
I also have friends who have private signal groups reserved for some of my other friends and some people. he does not just provide information in the form of numbers, but complete with an analyzed chart, so that it is not just a number.

I believe there are many signal groups that are only concerned with the profit of the signal owner, but I also believe that there are still many signal groups that have quality and are not just signals, but there is education about trading and strategy.

I always suggest me to avoid crypto trading signal telegran group, channel, whatsapp group, channel or any other platform. I Just hate them all because of they are the real scammer on this crypto platform.  Just see their working strategy first they buy a old group or channel or they customize their old channel by a new name. Then they buy member after that they show some fake proof of profit. Then they invest on a project then give you a signal soo that you guys are buying that coin and make the coin price pump. Then they sold their holding and they dump the price. Soo isn't this type of work we can say its a strategy of scamming. I don't blame those real people who are trying to help others but the divided is 0.01% are legit out of 100% . 99.99% are fake. So its best to avoid them.

Many people are scamed for some dollar. But have a lot of group they give advice for trading. You can take it free or paid. Always i follow some YouTube channel they regularly advice some good coin and i earn some money.