This is actually my first time creating a topic in this section called trading on the forum, I have a question in mind and I look for trading section so as to fit my question, and here I am.
Are crypto signal groups for real? I have friends that are into this stuff and I don't feel convenient with it because
1. There is no proof of certificate that shows that the group owners are professional traders.
Only professional traders have those certificates you are talking about. We have real trading OGs in crypto that are good in trading and don't have any certificate, you don't need any certificate to prove how good your are in trading but your portfolio will speak for you. That's the only evidence you need to show the success journey of your trading.
2. They might have other motives for creating such groups too.
Since this groups are label premium signal groups, they are requesting some form of a monthly subscription, a friend said that most of them are inexperienced traders who are pretending to be a pro traders.
My second friend gave me a signal group and he claimed to be good, but you know, I prefer asking questions before taking any steps, there are too many scammers in and out of crypto world.
My common sense is asking me why will they create such group if they know how to be pro traders already? Like why can't they keep this to themselves and keep making their money? Why are they trying to help and getting subscribers in return? Just my own common sense like I've said. What do you have to tell me?
Let me summarize trading groups for you in short form.
If there 100 trading signals that are in existence, 99 of them are not what they say they are, they are all scammers. If you watch closely, you will found out that they only display their winning trades when in real trading, there is losses too but they don't show that to give you good impression, they know that's what you want to see and that's exactly what they are going to show you to convince to take either a professional course or join their paid group where you will not make any thing at the end. They also make the subscription to be renewable to keep making money from uninformed newbies that want to earn money from traders.
If you do really find yourself that really that joining and keeps on paying up that subscription just because you do really believe that it could really make you profitable then sooner or later which you would really be
banging up your head into the wall on the time that you would really be able to realize that it wasnt really that significant at all because those groups are really just trying out to lure those noobs to join up
without having those significant usage or results that they are promising. If we do really just make use of our common sense then it would really be just that so enough that it would tell us that there's no way that those group owners would really be that asking for some penny subs amounts if they are really that making huge money with trading. They wont really be bothering themselves on running one if they are really
that making truly some huge money but rather they would really be spoiling it on their own rather than on tending to share it up.
99.9% of them are scams and it would be just that bettter if you do find yourself that joining into those groups which are free but sharing up on that relevant information and analysis
on which you could really be apply into yours.