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Topic: Risks with using trading Signals - page 4. (Read 1303 times)

hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
November 15, 2019, 09:43:57 AM
This issue has been mentioned many times and this transaction is only suitable for lazy people. They are just waiting for the opportunity to buy coins cheaply, but they don't know that behind it is a whole bunch of sharks waiting to be eaten.
This is an unreliable way to trade. It is very risky and easy to lose money.
only traders who have more experience will realize that such signals are just lies and should if there are signals like that don't be too trusted because usually the team behind the project will buy first and after that will sell coins quickly and make coins many traders on the signal become stuck at high prices.
hero member
Activity: 1008
Merit: 501
November 15, 2019, 09:41:57 AM
Trading by flowing the signal is very risky for the newbie traders. Honestly, I haven't seen any good free signal group! But yes there are some really professional signal givers who take a very high amount of money for their signals. Recently I have seen a premium group where all the signal becomes true but they asked me 250$ for a month! My friends took that offer and now he is good at trading! But that offer is ended, they asked 500$ when I knocked them the second time. But this is not life, you have to learn first, then you can explore all the opportunities, not before. Following the signal, you may earn profit for days one to three but you can't be pro! 
hero member
Activity: 2828
Merit: 611
November 15, 2019, 08:37:14 AM
Trading is much more than just signals. It’s a life.
This is a theard for discussion about the risks involved in using trading signals that have become common in cryptocurrency trading. I would have posted this in Trading forum, but it’s more important that newbies see this. Knowing that after a few unsuccessful investments in cryptocurrencies, using trading signals seems to be the only ‘certain option to profit in the crypto world’. But this comes with huge risk. Risks that these ‘trading professionals’ won’t tell you about.
That's right. I have not made use of this signal of a thing but I have seen people who make use of it and they are not being successful. Funny thing is that these people still continue to use it, hoping that they are going to someday get an accurate signal. I have not seen anything that will convince me to join any signal group, though some claims that VIP signals are always accurate, I still don't know if that's true because I have not seen anyone that uses VIP yet.

Using signals are just risk, the best is to get a professional and learn from him or her how to trade these assets, instead of being deceived by these scammers. Or if you don't know how to trade on a daily basis, you can switch to long term investments (HODL). HODL is more easy than when you're into day trading.
legendary
Activity: 3122
Merit: 1140
November 14, 2019, 10:21:01 AM
You should not rely or even trust the trading signals that you will be receiving from anyone because you don't know how they plot their entry and exit because it is not based on your knowledge and style. You should make a trading strategy by yourself so you will have no one to blame when things go wrong and you will improve if you will rely on yourself all the time through mistakes.

Some rich people do not want to stress themselves on things they aren't interested. I remember few years ago maybe 5 people asked me to handle a portion of their money. Either I can invest it short term and long term or to actively trade it in crypto or stocks or both. I always decline, I am not that good of a trader and investor. And I felt, I can be more focus when risking my own money. So I cannot really say anything bad on people paying someone to give them trading signals. It's for their own risk. I also tried it twice. The first guru was only good at the start and we ended in disaster. The second one I profited but I am hard headed and made my own strategic versions which didn't worked well. I then decided to take a break from trading. I only hold some coins and stocks but seldom do trades anymore.     
Experiencing the same thing when im still trading up with Forex and stocks where there are really some individuals which do really likes for their funds to be handled by others and they do just like to get net income with it but of course i dont have that kind of confidence with my trading system which its always been risky for you to handle out funds
which even you cant be sure on what would be the outcome on monthly basis.
sr. member
Activity: 1050
Merit: 377
November 14, 2019, 08:00:38 AM
This issue has been mentioned many times and this transaction is only suitable for lazy people. They are just waiting for the opportunity to buy coins cheaply, but they don't know that behind it is a whole bunch of sharks waiting to be eaten.
This is an unreliable way to trade. It is very risky and easy to lose money.

Why do you so categorically call these people lazy. I know the number of people who have earned their money by hard work, and later they don’t want to spend time studying trading, they are ready to give part of their money to get good signals. Indeed, in this way they save their time, which they spend on making money elsewhere.There are lazy people, it is obvious that they fall into the traps of scammers most often.
But do not generalize so much, it is not ethical.
sr. member
Activity: 534
Merit: 250
November 14, 2019, 08:31:41 AM
Using signals for trading is indeed a very simple way to get profit. But the signal given by a free group is only a signal that has the purpose to provide benefits to the group creator, they have installed the sell order price first and spread the signal on the buy order that has been set in advance. Many games are in the signal group. But paid groups are usually provided with the latest technical analysis and news about the coins being talked about. If you want to use trading signals, that's your decision.
full member
Activity: 403
Merit: 100
November 14, 2019, 06:59:48 AM
 This issue has been mentioned many times and this transaction is only suitable for lazy people. They are just waiting for the opportunity to buy coins cheaply, but they don't know that behind it is a whole bunch of sharks waiting to be eaten.
This is an unreliable way to trade. It is very risky and easy to lose money.
hero member
Activity: 1862
Merit: 601
The Martian Child
November 14, 2019, 06:40:04 AM
You should not rely or even trust the trading signals that you will be receiving from anyone because you don't know how they plot their entry and exit because it is not based on your knowledge and style. You should make a trading strategy by yourself so you will have no one to blame when things go wrong and you will improve if you will rely on yourself all the time through mistakes.

Some rich people do not want to stress themselves on things they aren't interested. I remember few years ago maybe 5 people asked me to handle a portion of their money. Either I can invest it short term and long term or to actively trade it in crypto or stocks or both. I always decline, I am not that good of a trader and investor. And I felt, I can be more focus when risking my own money. So I cannot really say anything bad on people paying someone to give them trading signals. It's for their own risk. I also tried it twice. The first guru was only good at the start and we ended in disaster. The second one I profited but I am hard headed and made my own strategic versions which didn't worked well. I then decided to take a break from trading. I only hold some coins and stocks but seldom do trades anymore.     
sr. member
Activity: 742
Merit: 397
November 14, 2019, 06:28:23 AM
You should not rely or even trust the trading signals that you will be receiving from anyone because you don't know how they plot their entry and exit because it is not based on your knowledge and style. You should make a trading strategy by yourself so you will have no one to blame when things go wrong and you will improve if you will rely on yourself all the time through mistakes.
sr. member
Activity: 1050
Merit: 377
November 14, 2019, 06:01:40 AM
#99
I am always very careful when following some of these signals so that I don’t get mislead and like we know, signals are from people like us also, maybe someone who feels he or she has gotten enough experience, it is not like there is anything special about that. So, I usually implore people that they should always try as much as possible to make sure that they develop themselves to that level too where they can always know on how to use technical analysis which is the base of these signal providers.

This is a rather complicated and painstaking path. If you follow your recommendation, then the person is more likely to become an experienced trader who himself will be able to provide or sell signals.
However, this path is very long, very costly and it is not known what result it will lead to. I think it will be much better and faster to find a really good trader and become his student, at least for the development of some basic knowledge. Either for the expensive price to buy signals from him or the effective signals that he used earlier, if any.
hero member
Activity: 2562
Merit: 586
November 14, 2019, 02:21:56 AM
#98
There are lots of social media groups regarding the trading signals. I won't say all of them are bad some of them does a very good market research and some times their price predictions come true. There are some groups who also target small volume coin and tries to manipulate the coin price.
In reality some trading signals are worked in crypto platform. But we can't say all the time come positive because everything is just a prediction. So we can think ourself and prepare the perfect manner, The current market is little easy to predict further pump and dump so own analysis will guide you most of the time.
There are trading signals that actually work, but it is hard to really get a genuine one because most of the people that offers to give some are doing do for money and after collecting subscription free from the interested person, that is the end of it.

I am always very careful when following some of these signals so that I don’t get mislead and like we know, signals are from people like us also, maybe someone who feels he or she has gotten enough experience, it is not like there is anything special about that. So, I usually implore people that they should always try as much as possible to make sure that they develop themselves to that level too where they can always know on how to use technical analysis which is the base of these signal providers.
sr. member
Activity: 1050
Merit: 377
November 13, 2019, 10:03:24 AM
#97
I haven't use it so far. As per other comments on this thread, I'm scared to use trading signals. Its too risky to engage in that thing which has already bad feedbacks. So far, I'm still satisfied to do the traditional trading. If trading signals would give you chance to get higher returns but the rate of risk is so high as well, then its better to have little by little as long as its constant.
We are on the same side, I always afraid to use or join a trading signal group. I prefer on my own knowledge than relying upon other hype groups that obviously some of them are fake. This might lead you to a sudden loss. Much better if you use tools in trading like autobot, this will probably help than joining the trading signal group that obviously they are intended to scam their member or hold your Bitcoin for long term only.

Everything related to signal supply-related groups should be passed through your multi-layer criticism.
This is dangerous primarily because no one gives you any guarantees, and often there is no transparency in transaction statistics.
The only option that I see in the signal format is the repetition of signals for your trading coach, or at least the repetition of orders for a really experienced and strong trader.
This will make sense, as well as the risk that you burn significantly less. The main thing is to understand whether the one for whom you repeat really understands the essence and knows how to work with the market.
sr. member
Activity: 938
Merit: 256
November 13, 2019, 08:06:42 AM
#96
There are lots of social media groups regarding the trading signals. I won't say all of them are bad some of them does a very good market research and some times their price predictions come true. There are some groups who also target small volume coin and tries to manipulate the coin price.

But i'm sure they will be not always true, sometimes they're just lucky enough eventhough their analysis is good but cryptocurrency price is still unpredictable. And also you just mentioned a pumping group who bait people to buy the coin and they will sell theirs when the signals is launched, there are many pumping signal group and i think the follower is the victims
sr. member
Activity: 2366
Merit: 305
Duelbits - $100k Bonus/week
November 13, 2019, 07:21:26 AM
#95
I haven't use it so far. As per other comments on this thread, I'm scared to use trading signals. Its too risky to engage in that thing which has already bad feedbacks. So far, I'm still satisfied to do the traditional trading. If trading signals would give you chance to get higher returns but the rate of risk is so high as well, then its better to have little by little as long as its constant.
We are on the same side, I always afraid to use or join a trading signal group. I prefer on my own knowledge than relying upon other hype groups that obviously some of them are fake. This might lead you to a sudden loss. Much better if you use tools in trading like autobot, this will probably help than joining the trading signal group that obviously they are intended to scam their member or hold your Bitcoin for long term only.
sr. member
Activity: 756
Merit: 251
November 13, 2019, 07:08:55 AM
#94
I haven't use it so far. As per other comments on this thread, I'm scared to use trading signals. Its too risky to engage in that thing which has already bad feedbacks. So far, I'm still satisfied to do the traditional trading. If trading signals would give you chance to get higher returns but the rate of risk is so high as well, then its better to have little by little as long as its constant.
Ucy
sr. member
Activity: 2674
Merit: 403
Compare rates on different exchanges & swap.
November 13, 2019, 05:46:22 AM
#93
The bolded part at number three is quite interesting one. I guess you should prove it actually happens else it'd be proper to consider it as mere speculation. Won't be if it happens though.
Free signals (especially those from YouTube and TradeView) worked in the past. I don't know about thesedays. Been long I used them.
sr. member
Activity: 1050
Merit: 377
November 13, 2019, 05:43:45 AM
#92
I used to try trading on trading signals. Having lost a lot of money on this, I stopped.First of all, I see my guilt in my losses. Signals of this kind require patience.
In order for the signals to work, it is necessary to use them all to one, in this case there is a chance that 80% of them will work, and the rest do not.
You will be in the black. But you also need to have enough patience to wait for the signal to trigger.
I couldn’t.
hero member
Activity: 1386
Merit: 504
November 13, 2019, 05:08:10 AM
#91
Trading is much more than just signals. It’s a life.
This is a theard for discussion about the risks involved in using trading signals that have become common in cryptocurrency trading. I would have posted this in Trading forum, but it’s more important that newbies see this. Knowing that after a few unsuccessful investments in cryptocurrencies, using trading signals seems to be the only ‘certain option to profit in the crypto world’. But this comes with huge risk. Risks that these ‘trading professionals’ won’t tell you about.

This is very helpful for the newbies just like what you've said. The risk is to big in particular to the newly created traders in the market signals was so good and it is catchy on the eye of the people because they can see an actual profit after tge call or signal but they didn't really know how to partake on those signals. I'm one of the followers of signals before and i can say is i loss on that signals from time to time then i stufy and learn trading finding a mentor etc. But the real key is in ourselves no best mentor or cheat sheets will make us profit but its all about how we learn to apply those things.
sr. member
Activity: 1246
Merit: 254
Trphy.io
November 13, 2019, 03:50:18 AM
#90
I've been in various telegram group for a long time that providing free trading signals and all I can say it's not bad at all because I use their signals as a guide and do my own research before buying. It's risky but if you understand how it works then you can take this as an advantage and earn in a short-term trading.
Yes, I agree with you, do not swallow raw what is conveyed by them. Keep using your own analysis. I just followed what they said about what coins were good at the time to buy. Then I analyze the coins myself, not following when they say, you have to buy at this or that rate.
full member
Activity: 1498
Merit: 146
November 13, 2019, 02:59:30 AM
#89
Trading signals or predictions has no accuracy to discuss about so risk is high if you just trade based on the signals.Better learn how the trading and prices of cryptos works then you will know how useless the signal groups were.
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