Topic: Do You Use Crypto Signals? - page 4. (Read 1583 times)

I would like you to put a condition that "most" external signals are bad so that you do not entirely discourage people. One thing I have learned on the social media space is that people have weak and shallow minds and whatever they read first might stick in them for so long, if not forever. This is why I always like to refine what I write so that I will not be generalizing things just like most people on BTT do.

As for the subject matter, I like to say that some external signals are good, but you must first locate the best ones that will be good for you. Is it daily signals, commentaries or a signal-providing system, yes, you can actually find the right ones that will ever be helping you to gain money from the market. But this might be painstakingly done for it to work for you, not that you just make some few searches and you get tired or contented with the ones you've seen. It takes time and regular searching, this was what I did then and it could take years at times. What also helped me was the forums I joined, seminars/webinars I attended and some broker's newsletters. With them, I was able to discover some in-depth trading sites and tutors. There were also links that were shared as well that were informative.

You might also want to take this route like me, maybe you can have a change of mind on this.

In fact, the groups that provide trading signals do not commit or guarantee anything to us. What they give are normal signals that may or may not be true, they do not give us a 100% guarantee. Trading signals are mainly used by people who are not able to analyze the market for some reasons such as they do not have time or are lazy...

Lately, I don't see many trading signal groups charging fees anymore, instead we just sign up to the exchange using their referral link. I tried joining a local group and that's what I felt. They do not guarantee anything and what they say is for reference only, may be right or wrong and we have the right to follow them or not.

There is another problem.
I've been using my algorithm for a year now.
But to earn money you need to have a lot of capital.
I’m thinking about how to monetize signals. Where should I load them?
But these are signals for the trading API. they work 24 hours.

How's the experience? Did you made the money or doubled your capital? You can't leave us hanging like this man. A lot of people are already certain that paid signal groups aren't a good idea and that they're a waste of your money and time so refute their claims, be the one that will prove to us that not all crypto signal providers are just money hungry mfers that just wants to make a quick buck tricking gullible people that wants the easy way out in trading. As for me, I've known better not to use crypto signals because when I was introduced to trading by my friend, he made sure to remind that signal providers isn't something I should be getting into let alone paying for one because they're not good and they're not going to make me any profit.

I prefer to use copy trading in situations where I don’t have my personal time to analyze charts. Though only few exchanges have the features, anyways it’s more easy and safer than going for signals from people who might probably not be accurate with their analysis. I would still advice newbies and people who doesn’t have time to analyze chart to opt in for copy trading where you can copy trades from elite traders with good trading recording. You can check it out on Bitget exchange and some other few exchanges.

then did you able to make double? signal is worthless i think, if paid signals working and everyone can profit easily then no one lose here.
i did not believe it from the beginning of my trading, i heard some people profit here but end of the day they leave from with big loses.

yes, before when I was still studying crypto and I still knew little about it, I would pay for a signal just to double my capital and what I paid for was a coach who would teach me strategy in crypto

It is true that most beginners use or rely on crypto signals, but it is very important to be careful when following signals from any source. Because no one can predict the market with 100% accuracy even if the signals come from a professional, even if sometimes the signals are right, and in reality they are wrong more often than right.
However, we can't blame them because they are still beginners and there are definitely stages, even though at the beginning they rely on signals, they also have to educate themselves to train and develop their overall trading skills. Because trading from your own results will be more careful and will never be satisfied with the analysis carried out until you are satisfied, and until you find the right coin to make a purchase,
and resell them at the right time to make a profit.

No I didn't use any crypto signals I have been trading a long time ago but I never use any trading signals because most of them are only few knowledge which give you a big loss it's better to study crypto yourself by YouTube channel and should know deep knowledge about crypto after that start trading by yourself as low amount which you can effort so in future you will know everything easily

A must thing to be done on which you would really be needing on learning the basic skills somewhat so that you would really be able to find yourself that sustainable even if you dont really need up some signals or
tips from other people. You are the only one who could really be able to do such thing if you do really have plans on going solo and never ever considered to be relying into other calls and signals. The fact that
the market is unpredictable and there's no one on this world would really be able to predict on where it would be going and this is something that people should really be that minding about such stuff.
If you do really like to survive on this market then you would really be that needing to be that independent and dont rely too much on things or else you would really be that ending up on following
and might be able to get those bad signals which it causes for you to regret later on.

If you can learn some basic skills in trading that would help or assist you to validate some of the paid signals provided with your own trading strategy to avoid trading solely on those paid service providers, who knows some of those crypto service providers might have employed some online influencers to give positive reviews of their services in a bid to attract more newbie traders, how they are able to send signal swiftly to their customers?  yet make some profits knowing how high is the volatility of prices of crypto, because a late entry would result to losses, these are some issues I don't understand as regards getting on the market as earlier as when a call is made by their signal service providers.

Signals are not really the way to go if you do not know what you are looking at. If you get a signal and you do not know why you got that signal and what signal means, then why would that matter or change anything for you on the long run. Lets say you put a signal at BB under 20, if you do not know what that means, why would you do that?

Many keep seeing stuff online and try to repeat that and they end up not really understanding what they are doing, that is just not the way to go if you ask me. I think it would be wiser to learn indicators and use them, it would turn into technical analysis and not signals and you would be able to get a lot more out of it and you could profit all by yourself without needing anyone else.

you can only answer that completely when you tried using them , because among those 80% surely you will on the 20% failure .

Internet is the best Lying place in the world , they will even tell good things just for money , Imagine 80% accuracy ? but why there are still thousand if not million who are losing in trade if the signals are truly worth trusting?

back in the days that i do believe in Signals but never that i turn profiting , and even 10s of my friends did not happen to gain so where is the 80%?

they are only fooling you mate , invest with your own knowledge and abilities and never be fooled by those liar , even paid signals aren't that accurate because crypto market are volatile , and no one can read it completely , or not unless the coin they are pursuing are manipulated by them then maybe there is a way to gain.

Im used to use crypto signal but it won't end up well so Im stopping now. Beside the price is usually expensive some signal provider isn't really worth it


Like I was said before on another thread
Signal providers get money from the members mostly not from their trade. I do believe they trade only using a small margin just to show the percentage of profit to lure some of new users.
Tho Im not say all the signal provider is fake because some of it are made profit and educate their member to not depend on signal but it is rare case.

I am completely agree with you. Almost all the people who claim them as professional traders do these fake stunts to earn some extra bucks. They make sure money from the joining fees, but risk other people’s money on their lame analysis. I am not saying all traders are scammers, yes some do give good calls. But it’s always better to not rely on others. Yes what you can do is just copytrade any big trader. This is far better than following a signal.

They arent scam actually, it would really be just that can be called a scam if you had paid something but they didnt deliver a good analysis or something a shit kind of speculation or simply they had just ran off the money or simply you are involved with some pump and dump groups which they are really that making use of newbie joiners to be the ones who would be the sacrifice on pumping a certain coin and its really be that a known situation here on crypto field in regarding into those groups which we know that they arent really that something worth i should say because you could  really be able to make yourself one if you wanted to.
Hence, any information that you would really be that needing could really be searched online and there's no way that you couldn't really be able to make your own analysis. Its not really that worth on paying something which you could actually get it for free. It is really just that a matter of effort and time to be spent for you to be able to make one. It is really just that there are people who do really just want to have that fast pace
kind of dealing and doesnt really like to be hassled and this is why they do much prefer on this kind of method.

you use signals created by other people correctly. that's what should be done. because you already have experience and knowledge, you can do that. but most of the victims who follow such signals are beginners in trading. who feel less confident in their skills, so they trust the signals given by the group more and use the signals without comparing or other analyses.
More beginners are trapped in such situations, and obviously, following signals will not improve our trading abilities. If the signal group has more and more members in the future they will ask for payment to join another, more private group. that's what I've seen all this time.

I don't rely on signals but only depend on my TA and sometimes fundamental analysis.

I don’t believe in the signals that someone is ready to give, but sometimes I like to watch reviews of assets from those traders who have proven over a long period of time, that they are good at analysis.

I like to do this after I have done my own analysis to compare where we agree and where we differ. It helps me to see different opinions on the same situation, sometimes it is very useful because I can see what I might have missed. But in any case, I will make a decision on the transaction myself, and this will not be influenced by anyone’s forecasts or opinions, only in rare cases when I have doubts, I will refuse such a transaction.

I just hope that everyone has already learned from their mistakes of trusting and using signals which it cause losses. And of course, those newbies will also be able to take time to listen and understand how this crypto signal works.

We don't need to be fooled by these scammers and we don't let them ruin our journey. In fact, we can make our own TA, our own way of trading, not just rely on other people pretending that they know the future because that is absolutely a big lie. They are also making predictions, the same thing you did.