Topic: Do You Use Crypto Signals? - page 7. (Read 1583 times)

If that's what they mean by 80% accuracy, you should distrust it and think of those phrases as pleasant promises that won't come true, which is a red flag to me. So exercise extreme caution when conversing with such individuals, whether in person or online.

Don't waste your time with the signals group; it's preferable to trade on your own exchange platform, or if you're too lazy to read, just perform copy trading. It's even better from a chart trading standpoint, as long as you also investigate legitimate site platforms that offer copy trading.

I don't know even if those paid signals work or not. If they can give you accurate signals, they must earned millions of dollars from their own signals. So, why do they need to sell those signals to make money? Don't you think this is a good question? I feel this is the question that makes sense which is why I never tried to buy such signals.

Another thing pointed out is they bought fake reviews. I think so. Because they make money by selling those signals. So, spending a couple of hundred dollars to buy a review is a good business.

There's two reasons why they get positive reviews. (1) Making fake reviews is so easy, (2) they really provide a good signal but you have to pay a certain amount of money which I am sure is not cheap.

I'm also not against them, since maybe there are some legit signal providers who really gives out profitable trading signals to their clients, however, in the long run, like if suddenly they've stopped doing so, you'll be left out without any knowledge in trading since you only rely on somebody else. Self-taught is much better in my opinion, it is risky and will cost you a lot of money but it will be worth it in the long run if you're serious about your trading career.

I can't also encourage people to make use of any trading platforms or give a recommendation on them, because if things don't work out as expected, they will put on the blame on you for referring them to such platform, trading skills must be acquired by everyone who think possibilities with trading, those that are not good at doing it are mostly found running after trading platforms for signals and other related helps, other crypto signals should serve as indicators for us to know how to pattern our trade, if we can learn them and effectively utilize their role in our trading experience.

That would be the smart decision, you should be staying away from those type of places. I have been part of a few as well and not in a trader way but as a marketing guy, and they asked me to find customers and if I find customers they would pay me some amount based on what they paid the group. I said I would only accept if I get to see the trades first, they got me to the group for free, and I saw what they were selling to the group and I ended up rejecting their offer all together.

I have morals and I didn't want to do something unethical by bringing people to a place that scammed them, not like they didn't share trades like they promised, they did, but the return was bad and they were losing money, so it didn't made any sense for me to do that. However, that is not the case for everyone, for every person you bring in, they would give you something close to 100 dollars, and there are a lot of people who would take that deal. So always be careful, people could convince even the smartest people.

Even a person that did not knew too much about the markets will be able to see this is a scam right away as long as they have a good head over their shoulders, signal providers in their attempt to get customers make all kind of claims, but if we really think about those claims they are making, the claims can be used to bring them down and show they are scammers, since if they really knew beforehand what the market is going to do then why not take advantage of it and make a fortune instead of selling signals for a few dollars? And that is just an example of how the claims they make are complete nonsense.

Actually, relying on signals is the worst thing a trader should do for themselves as it will make them lack deep knowledge on trading and signals don't work anytime as wanted because this thing is just something that was created to help us as an alternative when we want to do something that is related to its function; it was not created for us to live everything for, and that is what some traders don't understand completely, some traders do rely on signals completely as what will trade for them; they won't use the skill they have to support it, which is wrong. We need to understand that signals don't always work; we are the ones to set it up and be managing it.


For me, the reason why I always think we should not use or rely on signals is that most people always love alternative ways that will ease their work, which is not the case, but the outcome of what you trust, you need to consider the kind of result such thing is generating for you, but people don’t do this analysis before they decide to use signals. Most people, once they are into trading and start using the signals, rely on them and leave everything for signals to do for them, especially beginners.
But those who have been in the game for a long time know exactly what will favour them.


It’s obvious, mate, that completely trusting signals may definitely result in losses as time goes on. You know, all these things are not 100% sure. That’s why we need to be careful with the types of signals we use; not all signals can be trusted.

There is some truth to being dependent on signals, so we are lazy to do our own research. But I personally sometimes also use signals to make trading decisions, and maybe some other traders also find them useful as a trading strategy. There are also other traders who may prefer to rely on their own analysis and do their own research before making a decision. However, for me it would be better if we used both, don't believe one hundred percent in the signal but we use the signal to compare with our own analysis so that we can make the right decision.

What is certain is that the signal is not always one hundred percent accurate, especially if the source is unclear. I mean, if we trust the signals too much, we may incur losses and miss the opportunity to buy or sell at the right time.

I have done many trades till now and have lost money and also gained. But I once traded with signals from a telegram group and then I got scammed. There I bought tokens according to their signal and then that coin was not pumping high but I lost money and many people suffered from that. Although there are some groups which give 80% confidence but I never trade according to that signal. I think investing according to other people's signals can never be profitable but in the future you may not know your own. So by practicing my knowledge skills later I decided to start trading and I was able to make good amount of profit later. That is why if a person works according to his own skills he can do well but depending on others will not be a smart person at all. And I think such signals are mostly wrong so I never use other people's signals for trading.

I used to trade signals during the last Bull run in 2022. But in the end I wasn't too happy with my signal. I have seen in a few trades that the price moved a bit on the signal within the time frame they set but it stayed for a very short time so I didn't make much profit after taking the trade from there. However, I have found some evidence that the signal works. But as the market is now bearish, I no longer follow signals. Because at this time the price of any crypto will not increase easily. But I will try to take trades according to some signals in the coming bull run.

If you are really that lazy and does really like to rush things up then most likely you would really be ending up with this kind of option on which you would really be considering on taking some trading signals on which you could possibly be able to read up or heard off without even trying out to reconsider whether its a good analysis or just simply with those blind speculations and really just that been attached with some Technical indicators just to make it look convincing and real. Just like the rest been saying that we should really be needing to realize that we are all speculators on here on which there's no way that a certain individual or trader would really be having those precision on predicting market movement and there's no way that they would really be just simply be sharing up if ever they would be able to do so. They wont really be wasting off their
time on telling those signals to people or co-traders if they are really that profitable in the first place or simply they could really be able to earn those money in a short time period.
Just making use of your own common sense would really be that sufficient for you to be wary on whats the real deal of things around.

Most of this happens to novice traders who have difficulty learning on their own. they are looking for a signal group to help them trade. Maybe because they are too dependent, they end up forgetting to do their own analysis or re-analyze the signals given. So those who follow trading signals will only follow the signals. and whether it is successful or not, if the signal is still followed by many people, it is likely that the signal is successful and that is an attraction to get more followers.
I know the group will not give just one signal to follow. they make several signals and of course there will be successful and failed signals. and there is also some re-planning when trades are deemed not to go according to plan.

I don't encourage traders to use those tools to trade their coins in the market, because many traders has fall victims for losses because they give full confident on trading signal without try to find out through their personal research to know the future of that particular coins in the market. I don't follow any signal share to me on Facebook or telegram when am about to trade in the market, but I will do everything possible within my capacity to hear from professional traders in this forum to check if the results am getting from my personal research is the same thing with the one I got from professional traders before I will decide what to do at the moment. Don't allow anybody to help you to trade your coins in the market than to learn from such traders so that you will be able to trade by yourself whenever the price hit higher in the market.

it will be better for your trading ability. Those who often get stuck with trading signal groups are beginners who are actually lazy and don't want to lose at the start of their trading. or those who continue to lose money with their own trading strategies and have no progress. and the result is that they will be more confident in the trading signals given because it is more immediate for them. although I'm sure the accuracy won't be good enough to make a profit either.


when you start to realize that something is wrong with the signals given from the group. then you might be too late because you are too dependent on the signal given. It may work at first, but it won't consistently give you profits.

Therefore, it is important for anyone who wants to use signals from certain groups to double-check our own abilities. Don't rely too much and believe on the signals given, there are many factors that will trap us in trading.

I do not. It creates dependence, plus you never know when your source starts giving wrong signals deliberately or starts making money of you.

Even the most successful signal channels can fall on hard times. Imagine that while they were free everything was fine, but as soon as you pay for the subscription they have a series of unsuccessful transactions, what to do in this case? Probably not everyone will be ready to continue trading using their signals after this.

We should learn to trade without any signals, so not to depend on anyone else. I don’t know a single successful trader who would trade only using free signals and make a profit from trading, unless someone found such a group and kept silent about it so that no one would know about it. 

Some of those reviews aren't real, they do pay people for positive review, but after paying for the signal and having wasted enough money on different trades, you will realize that most of those reviews are fake. Some people making reviews don't know anything about the signal providers, so don't be deceived by the reviews you see on Google.

I haven't seen any signal provider group that is 80% accurate. all that I do see is completely rubbish, and they are just looking for people to force to join their group. I have seen a lot of signal provider groups that are advertising for people to join. I believe if they are real, they won't have to force anyone to join the group or make advertisement, people will locate the group and join, and I am sure groups like that will be free, they won't request money from anyone since the owner is already making money. If you wish to make a donation, you can do that, but they won't make it mandatory for people joining to pay first.

I do trade by myself, I don't trust all those signal providers. I cant waste my money and time searching for signal groups. The time which I waste searching for signal groups, I will use to improve my trading strategy. Most of these trading signals aren't really worth it. You shouldn't  depend on anyone, don't allow anyone to make decisions for you. Learn to do your thing yourself.

There's no way anyone can provide 80% accurate market prediction.
About Google reviews, it can be manipulated. What you need to ask yourself is that if the signal provided is 80% accurate why do people need to pay some amount for the team when they ought to already have enough money?
Instead of using crypto signals develop your trading skill.

Really?
I don't think that's the foundation and key to success. What's key to success is your skill being a trader and your ability to gather information, analyze and read the market and its charts.
Relying on these signals won't do good to you, believe me. Just look how many people are telling that someone shouldn't get into these signals. Maybe you're right but as long as they're for free and you're not obliged to pay a premium or any membership fee then enjoy that perk.
But still, you are you on this one and when you trade, you're the one that should continuously learn on this market.

You know, before it crossed my mind to join such a signal group in trading, it was only when I saw someone being promoted on Facebook that I changed my mind, because I realized that it was not true. Because, like you said, I wish there were many who testified that they got rich there. Because if I look at him, he looks like a trading bot; the only difference is that people seem to be trading for him.

With the trading bot, you just have to set it up, and you really need to have knowledge. You can't have it without it; if you set it up wrong, you will immediately lose the capital you used. Whereas here in the signal groups, there seem to be many exploitative people who can pretend to be victims just to find someone to victimize; that's what I really see there, honestly speaking.