Topic: Do You Use Crypto Signals? (Read 1583 times)

The best signal for me is when Bitcoin doubles in price. That means it's in an uptrend. Just buy some top altcoins; they will follow up soon.. This Is Not Financial Advice 

Crypto signals can sometimes be beneficial but most of the time they will sink you. I never use crypto signals, but I have seen a friend of mine suffer a lot of losses following crypto signals. I think traders should always do their own research and analysis before making an investment decision, not just rely on signals. If you are drowning in signals then how do you understand about the market, you will lose your money instantly due to your lack of understanding. But taking signals is not a bad thing but it can be beneficial on the one hand, from where you are getting the signal will be very useful in market research. Prioritize only personal decisions, where just following a single signal can quickly make you lose your money.

That's why they're useless. Some may claim that they've found real ones that helps their trade but don't get them right because it's likely a shill for you to join them.

Right, don't follow them blindly. You might think that you're paying for the premium but you don't get the actual premium that they've promised you thus, you get nothing in return but just given them the premium membership you paid for it.

yes, signals can not be always helpful in trading, i followed some free signal and then paid groups but i faced worst experienced because of their wrong signals or strategies,
when some signals works then people's buying paid singals, but it's lose project, so yes we should not following it blindly, i am trying in my own technique.

If you have and have the ability to analyze your trades, then there is no need to follow signals from channels that are provided for free or even paid. just use your abilities. Moreover, the signal provided is not necessarily good and accurate.
Some beginners deify the signals they get. maybe because some signals are quite accurate. but still in trading, sometimes the target cannot match the signal given. So it requires experience in determining trading steps. and you won't get that if traders just follow the signals.

So many trading signals are posing as some sort of trading gurus, I don't think they are that accurate anyway, so many trading signals out there only speaking loud where their prediction somehow becomes right but as of my observation most of the trading signals that I see are just basically trying to predict based on TA and thats it, but we all know that sometime TA is a hit and miss because it can be right sometime but it can be wrong sometime too.

personally I've tried several signals, i've tried trading on pairs and invested based on their supplied information in regard to what certain coin might be rising and the come out is even worst than when I don't use them.
honestly I just don't believe that there is any crypto signal that could really give accurate prediction, most of them are just relying on some TA and call it a day.
therefore its always better to have your own analysis because only then you can truly determine a good coin thats good for yourself.

Trading the crypto market can be a bit challenging, especially if you are a first time trader. Many traders use crypto signals but this allows you to streamline your crypto trading with regular updates. But since there is not only one option to choose from sometimes it becomes difficult for a trader to choose a crypto signal. I use less signals to trade because my own analysis seems better mistakes are easily caught.

that's right, this signal is very useful for people who want to trade but don't want the hassle of carrying out in-depth analysis of the market, because they only need to take a position according to the signal given. but if the signal is wrong, then it is certain that the position they take will be wrong. so it is the trader's choice whether they want to rely on tools like that, or just rely on their own analysis. i personally prefer to rely on my analysis in my trading.

Yes, but unfortunately, many people don't understand that if a person was so expert in trading that they would provide accurate signals all the time, they would be making millions of dollars every month just by trading instead of creating and managing paid signal groups where they charge about $20 per person per month to provide them with trading signals, it doesn't make much sense or have any logic in it.

I have seen people showing themselves as being millionaires, having a lot of money and riches, and still selling courses on how one can make money. I mean, if you are so rich and have everything you need in life, why don't you teach others for free?

Am very sure there will be a lot of scam groups especially signals but the same time there will be legit groups that you don't even need to pay anything getting signals from those groups and at first I was against signals but as it is if you find a good signal group. You can give it a try. And if it does not work for you then you can let it go. And focus on your own prediction and analysis but you still need other people's analysis to enjoy trading and why I like trading is that no matter how bad it is you will be getting money gradually from it. And it will be better if you teach your self first. Before even considering taking signals from people it will better that way.

I don't use crypto signals, but i take suggestions from OGs who know what is happening in the market, and most of them have a team that works on this. So i take their suggestion and make my own move and research about the project before taking any action. If i think that is a risky trade, then i don't take it. Instead of using crypto signal using copy trade can be more useful as both parties are taking the same risk so there is a little chance of manipulation.

What you are doing is really the right thing, choosing not to use trading signals makes us more confident in the abilities we have and when we experience profits then we get according to the abilities we have and if we do the wrong analysis it comes from our own mistakes, but if use trading signals and we experience losses, of course this is very detrimental to us because the error comes from other people's analysis and not because of our own mistakes, but if we use trading signals only as a comparison with the knowledge we have I don't think there's any harm because in this case We still use the knowledge we have and discover it entirely from other people.

I never use services or buy trading signal services. if I use signals, I choose free signals and to strengthen my analysis services instead of following the signal. actually open signal services, the accuracy of the analysis is also not 100% accurate or profitable. because if you are sure of the analysis, just trading with large capital will make a big profit and make a lot of money without having to sell signals.

Till now I saw a lots of signal group and I also test these. The thing is know what you will provide you accurate signals. And don't expect that those signals will always working for you. You know know that risk always associated with these signals providers. Following them blindly, will result big losses. Better tech yourself first, make your own trading techniques and then take signals to help your own research. I made many losses by following signals. Be careful, don't jump blindly

I share some of your views. One can start with the signal's help, but this is provided such people are not good at trading or they are still new but nevertheless want to earn from the market. Either way, it all depends on the luck you have in locating the right trading signal providers. We have a whole lot of nonsense these days, they will only be claiming they are good, but they will fail you over time. Some could be good at first if you are following them, but in the middle, they will become very bad and lose all your money for you if care is not taken. Nevertheless, in the process of relying on the signals, you can continue to learn how to trade by yourself. Though it will not be easy, you still need it.

Any of those approaches is good depending on what you prefer. Some traders can never be successful in trading or will never have the time for it. While some traders can be successful in trading but will only want to filter their trading advice with the advice of others. The use of signals may be good in this regard. But this could also be conflicting at times, so we need to be careful with it as well. However, if you are such a trader who does not have the time or can't just trade yourself, signal services or copy trading might be good for you. Just be more cautious as you select the ones you go for since many of them are just bad and the good ones may still not be consistent with time.

no, never, as a comparison maybe yes, but if you use it directly without your own analysis I don't think so. very dangerous for your finances.

If the accuracy is like that, why doesn't he sell all his house, vehicle and other assets and then trade, if the accuracy is that high. all of that is a lullaby for the day.

It's very easy to manipulate data like that, especially just reviews, there are lots of people selling them on the internet, you just have to order thousands of reviews and what kind of comments you want. they provide it at a cheap price.

If someone goes to the wrong place during the time when it is necessary to learn, he will be responsible for it. It is normal that if one makes a mistake at the beginner stage, that mistake is acceptable but after a certain period of time it loses its acceptability. For those who rely on others from the beginning or on the results of others, signals may provide temporary benefits but may not provide long-term benefits. There is no joy in receiving signals and acting on those signals. A trader cannot be trusted until he does his own research. Signal is an uncertain function with no guarantees.

What do you mean by netrate? Was it like a winning rate of a signal? You might be a newbie for you to not try a signal but for a newbie, it's best if you will figure things on your own. Don't worry if you perform poorly at first, it's only normal. See, you even get the same advice from other users.

It's not that the users here are selfish to not share their strategy but they only want you to become a better trader. Yup, there is no such thing as 100 percent winning rate signals but if ever there is someone who claims it, they only want you to buy their fake signals. If someone offers 80 percent winning rate signals, there is still 20 percent chance to lose, not 10. It can be small or big depending on the person who is viewing it, their ability, and their luck.

Personally,I don't trade signals.That doesn't mean I doubt there ability or capacity but I don't recommend it as a means of trading,it limits your own skill set about what you know and makes you lose a sense of trust in your own analysis and knowledge.
I strongly think if you wanna use signals,it should align with your own strategy and confluences before jumping on such trade.

It saves your time searching and analyzing the market trend but the question is if they are reliable. Signals are not a helping tool that we could benefit with instead, this will be a reason why we fall into into wrong buy/sell position.
It won't be bad but we should know first how reliable they are. Because many signals are scams and aside from that it was just their speculations. These people are not experts but just pretending to be an expert. Working on building out TA is a good move rather than relying on these signal groups. It will just help us realize that the market is unpredictable.