Topic: If you must follow or use the services of trading signals providers - page 3. (Read 608 times)

The recurring theme of personal learning and hands-on experience in the trading realm resonates deeply with me. There's a profound truth in the idea that while tools, signals, and even expert advice can offer direction, they can't and shouldn't eclipse our own analytical abilities.
For those who are new to the scene, I totally get the allure of signal providers and copy trading. In an age of instant gratification, who wouldn't want a fast track to potential profits? But echoing the sentiments of many here, shortcuts often lead to short-lived success, if any. The real gold is mined through hours of research, studying market patterns, understanding global events impacting markets, and yes, through the stumbles and fumbles we all inevitably face. Each setback is a lesson, and each win, a testament to our growing expertise.

Now, while on the topic of tools, the crypto forecast service https://crydis.com been a part of my toolkit recently, and I've genuinely found it to be a beneficial companion in my trading journey. If anyone's on the lookout for something intuitive yet comprehensive, it might be worth a gander. But like all tools, it's most effective when used in conjunction with solid judgment and keen market insights. In the end, whether we're veterans or just starting out, continuous learning is the name of the game. Let's keep pushing ourselves, stay curious, and most importantly, stay grounded in the ever-evolving world of trading 

Dealing with copy trading but you are a beginner then this is where people do usually make this as the easiest or common option because we cant really deny that this is the most convenient way on

making yourself do able to involved with trading. You could actually call yourself a trader even if you do have just simply making that copy trade or following someone.  It is really just that noobs
are really that too lazy on learning things and this is why they would really be making out such step on which it is the most simple at all or doesnt really need on exerting much effort on doing trading.
Come in mind that it does have its cons too which you had mentioned above and to add it up where learning is really that being stagnant or slowed down just because you are really that heavily relying
with those signal providers.

Everything doesnt last forever and on the time that you would really be doing solo then you wont really be able to make it since you havent been able to learn something in a long period of time.
This is why its always been wise that you should really be that taking step on learning at least even if you are tending to follow someone. Try to learn up with their trading methods and analysis too on the time that you are following.

Yes, I agree, and to be honest, I also would not advise them to use this method, especially for most beginners who want to just get into the world of trading. It's true that it would be better if they use their own way of trading, because maybe a scam can occur in a copy trading and you won't realize it. And also on the other hand, copytrading is really helpful for us, especially beginners, because maybe there are those who don't want to bother thinking about various ways to be able to start trading and by using copytrading they are just waiting for the final results, but that's only for those who have confidence in a copytrading system. And even though it looks profitable but still I will only encourage them to use their own way, we can see that most of the successful traders they have their own way of trading with some of the strategies they have successfully created. As traders, we must be willing to go through the process even though it is complicated because only our own experience will allow us to develop and create perfect strategies with high accuracy, and also we will have the opportunity to be able to predict the direction of price movement if we already have high flying hours.

I think one should never start trading using trading signals it mostly contains ricks. If you want to trade, it will always be better if you trade with your own knowledge and experience and skills and you can be successful in the future. I have noticed many new traders trade using such signals and at one point they lose their money. I have seen many telegram signal groups where they mostly provide scam alertcoins signals, and they make a lot of money from them and scam investors. But there are many good telegram groups which do not cheat like this and they give good advice and signals if you follow them you can expect some profit. But I think those signals should never be accepted because after a few days you can learn to analyze the market well and then you can start trading by yourself. And when you can trade with your own experience, there is no fear of losing money, but you can gain more skills and be successful in the future.

It is more important for every trader to become experienced than to depend on others. A trader wants to but cannot blame that person if money is lost by taking someone else's signals. Signals should be taken for learning purposes but not directly for taking trades based on signals. We directly receive a trading signal and trade according to that signal but never try to do anything ourselves then we only have to depend on others. It is better to take the time to master the subject yourself than to depend on others. When a trader acquires a lot of knowledge about trading himself and tries to learn more about trading, he can give a good idea about trading to others. Instead of following others and blindly trusting others' signals, you have to trust yourself and do something yourself.

It's definitely a balance when it comes to trading signals. While they can provide insights, relying solely on them might hinder personal growth in trading skills. Making mistakes and learning from them does play a huge role in developing a solid strategy. And speaking of strategies, have you checked out Quantum AI? Its advanced features could be that extra boost to help you make informed decisions and potentially see those returns you're aiming for.

Even if you trade using signals from profitable traders, that will never do guarantees that you’ll also be profitable later on. But instead, you are augmenting your own risk to lose. No one is safe from losses in trading, even professionals cannot simply keep on winning without getting fair share of losses. That’s the reason why copying trading signals are not advisable. Instead, work on your own trades, at least you have something to reap when you are making good at it.

This something means that you arent that knowledgeable or you are missing out yourself on learning with those basic fundamentals on which you should really be learning despite on making yourself following someone or into those providers.Its true that profitability will really be that affected if you do miss out on taking some actions on which had been mandated specially if the position is already on the positive or green/gaining side but since you do find out yourself that being greedy then you would be skipping out such instruction and you would really be going further until correction do hit up hardly on your face then this is where you would really be learning up your lesson on which this is a basic approach. Nothing beats out if you are really that making trades on a manual manner and if you do follow someone then it would really be that sensible that you should really need to learn
on what are those steps and methods on which those profitable providers had been showing on because not all the time that they would really be offering their service and its always been preferrable if you do know
on what you are dealing or doing.

Trading is not actually relying from someone’s trades, but it’s simply learning on your own so you will understand how to navigate your trades despite of the market’s high volatility. Because if you keep following those trading signals providers, aside that you are not growing on your own, you will never learn too from your own experience in trading since you copy other traders experiences. That is why I don’t encourage people to follow these trading signals, they’re not accurate and they will only increase the chance to lose. Instead, go trade on yourself. Don’t mind your losses as they can be your gateway to success in the future.

Well, that's reasonable. Regardless of how good or profitable your trading signal provider is, if you don't know how to follow their plan, their risk management, their speed on execution on trades, then you'll gonna lose. Sometimes those small deviations or changes on their signals makes other people lose because they are simply not following it. They're not taking profit when the signal said so, they are extending their stoploss so they lose more hoping for their position to turn on their favor.

This may be true because you only need to follow what is mentioned in the signal by first studying it but the drawback is that you will become choked on trading skills because it will gradually depend on the signal. The best thing traders should do is never rely on such a thing because like you it can be wrong than the signal too, but the mistakes you make will add to your trading skills because doing all trading with your own analysis.
Another thing I think spending money to join signals with no certainty of profit is another loss.

The most difficult thing is to determine which channel really provides a quality signal and educates its subscribers very well. Because of the 10 paid telegram channels that provide trading signals, in my opinion, there are only 2 to 3 channels that are actually managed by people who are really good at analysis. And the rest they are just good at scribbling on charts and speculating and tricking newbies. I used to learn from many paid signal channels. From cheap to expensive. I do not take the signal they share. But I studied the analyzes they practiced to make signals. And yes, I get a lot of lessons from these channels. so that finally I can make my own analysis and develop it. The point is that we enter the paid signal group not because we want to be spoiled by the signals that are shared to save our time. But we enter paid signal channels with the intention of studying the analysis they use. But if we are busy people and we have found a paid signal channel that is very trustworthy, then it really doesn't hurt for us to depend a little on them. But I personally am not a busy person. Because I am a day trader, my activities are indeed spent on analysis and trading.

If you must follow those trading signals providers, then you are bound to lose your capital. That’s probably the reality in trying to rely from those trading signals because you think that will ensure profitable trades.

There are no guaranteed profits in trading. Even professional traders lose from their well planned trades, so how much more for those beginner traders who are trying to make shortcuts and just rely their trades on other people? Trading is all about learning. The success of your trades will greatly depend on how you follow the rules in trading and on how you put some risk management into your trades.

It is not enough just to analyze the market, it is much more important to find profitable deals that will bring good profits. It is true that you must learn to look for these trades yourself, if you only follow someone's instructions, then this will not teach you anything and you will not be able to understand what was the reason for the loss on a losing trade, you will not be able to analyze mistakes and gain experience. It all loses any meaning, because you will not be able to achieve anything in trading.

I'm not sure that following trading signals can be addictive. maybe luck will come in 1 or 2 profitable trades. but the trades that are made will not always be profitable. even if the person making the signal is a real professional.
signals make it easier for beginners to be able to trade and even get profits. but everything will definitely have a price. if the signal given is a trade with a really good asset, maybe it can still be followed. but if it later refers to shitcoin, just be careful. this could be a booby-trapped scheme being carried out.

Using signals for cryptocurrency trading is not advisable as a traders who want to go far in profits making in the market, because those that addicted to trading signal always find it difficult to earn well like the way other experience traders are earning in the market. Acquiring crypto knowledge to know how to trade by yourself in the market will really help you to reduce losses in trading, because with the trading knowledge you have, you will be able to know when to trade to avoid losses in the market which is the major challenges many crypto traders signals are facing in the community. Now that the price of cryptocurrency has decreased more in the market, it will be favourable if traders can continue holding for the price to increase higher before they can trade in the market.

I wonder how many of those signal groups actually predicted the price of bitcoin will go down when it did? As that is the kind of movement that can produce massive profits if you know that is coming beforehand, however I am sure that almost no signals group predicted this will happen, and the ones that can claim that they did are either lying or simply got lucky, with this in mind it is necessary that people stop daydreaming, trading is difficult and anyone that wants to make money with it has no other option but to study it for months.

Trading signals are not accurate and are not reliable in most of the time. With how the market looks very volatile and uncertain, even trading signals from veterans or professionals still fail in the end, that’s why never rely on it if you aim not to experience consistent losses from your trades. Although there might be some trading signals that let you win in the start, but know that it won’t be happening forever. Probably you’re just lucky at first, but still end up losing just like any other traders that rely from paid or even free trading signals.

Following someone in terms of the trading recommendations or tips and analysis isnt that bad but of course you do really have that kind of risks on which it would really be leading into regret if you arent really that

mindful about the possibilities with those trading positions might be resulting into negative which would really be leading into that deep regret afterwards.Just like the rest been saying that nothing beats out if you
are really that depending or relying with your own analysis which could be done manually. We could eventually make use of those indicators and tools which those people or traders been using too on providing
with those signals and trading positions. It is really just that there are people who are really just that too lazy on dealing up with something and this is why they do decide that they would be following someone instead.

In overall, its up to your decision whether you would be paying up something on getting those signals or would really be definitely be depending on your own skills and wont really be paying up something.
It wont really be that worth i should say and its really not that different comparing with your own trading approaches too.

Maybe they process things manually? Even though the signals are great, it might still not work because of the delay. We can skip this and look for the automated ones but we can expect that they are not free. Well if you can afford it, why not? Maybe you can still recover what you paid for and make extra later on.

But, the last thing that you said is still the best. Nothing beats with our own instincts and I think it doesn't matter if it's a lose or a win because at least we know that we tried our best plus there is a room for improvement. And like you said, trading could work better against a crowd. I think that is true because it's not possible that many traders are going to win (make profit) compared to the losers.