Risks with using trading Signals - page 5.

adroitful_one

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Quote from: nydiacaskey01 on November 12, 2019, 07:56:35 PM

While we should NOT trust the signals given by those groups, you will be surprised to know this guys also decide which coin to pump using TAs so that when they made an announcement, doing this it will get the attention of their members and would be members. I dont use this but sometimes I use it as a guide as to what coin will be pumped in a next couple of hours. I did not subscribe in any of those specially the paid ones.

The signals are how they decide what coin is going to pump. All they do is pick a coin and then release the information to the public. The public then buys the coin up and they can claim that they predicted a pump coming. When in reality, the pump wasn't coming until the public started purchasing the coin because they told them to. It can work in your favor if you get in early enough. But, more than likely, you won't and you'll end up buying at the top of the pump.

Btc_1856

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Quote from: cryptoangel on November 12, 2019, 11:15:40 PM

Quote from: suvo05 on November 12, 2019, 04:33:59 PM

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.

Yes, you are right instead of depending on the others, it is very good to predict our signals and it will surely help us to learn the trading knowledge. It is not a good idea to depend on others because they won't give us any perfect signals everything will be predictions. Trading will be not positive always so think before placing orders.

cryptoangel

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Quote from: suvo05 on November 12, 2019, 04:33:59 PM

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.

nydiacaskey01

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While we should NOT trust the signals given by those groups, you will be surprised to know this guys also decide which coin to pump using TAs so that when they made an announcement, doing this it will get the attention of their members and would be members. I dont use this but sometimes I use it as a guide as to what coin will be pumped in a next couple of hours. I did not subscribe in any of those specially the paid ones.

suvo05

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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.

Findingnemo

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Making profits and losses is not new or worried about in a crypto market since the prices are completely unpredictable so the term trading signals are void here.It is just to make you trust them for something you pay for or just to manipulate the prices in the way they want.Did you ever heard anyone become millionaire with trading signals,even if they know they wouldn't tell them to anyone.

wxa7115

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Quote from: Darooghe on November 11, 2019, 01:30:20 PM

I would stay far away from any signals groups to be honest. It will definitely not help you learn and it may even end up getting your money lost. If you want to make "side" money just put everything you were going to invest in signals, into an aggressive ETF, these are more legit. with signal groups even if they tell you when to buy AND when to sell, you're still looking at taking on huge amounts of risk. At the end of the day, you're sadly not leaning anything. also most are scams. You should be very selective in who you give your money to, and remember it is not just the cost of the subscription, you are also essentially giving them control over your account, and run the risk of them blowing out your account.

And that is a problem, even if you could find a signal group that was not interested on taking your money and you followed their signals and made money with them then a new trader will come to believe that is the say he is supposed to trade and it will hinder his growth, he will never take the time to look at the markets and try to make conclusions about what it is happening and will never become a good trader as a result of this.

As difficult as it may seem at first it is better to study the markets on our own and come with our own signals that way you will always have the security that you can watch any market and know if you should go short, long or do nothing.

Darooghe

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I would stay far away from any signals groups to be honest. It will definitely not help you learn and it may even end up getting your money lost. If you want to make "side" money just put everything you were going to invest in signals, into an aggressive ETF, these are more legit. with signal groups even if they tell you when to buy AND when to sell, you're still looking at taking on huge amounts of risk. At the end of the day, you're sadly not leaning anything. also most are scams. You should be very selective in who you give your money to, and remember it is not just the cost of the subscription, you are also essentially giving them control over your account, and run the risk of them blowing out your account.

SquallLeonhart

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Quote from: coingrowth on November 08, 2019, 02:45:09 AM

It is completely very bad idea to rely on the signal provider because most people will get into this trap and they will lose money. Even I tried to follow many signal providers but failed to make a penny because most of the signal provider will make a huge amount of money by providing the Signals.

Signal are actually meant for working class people who does not have the time to go through analysis the market before they make their own trade, and this is why you see that they all use bot services for their trading or they join a group of people that are into giving signals which I am not against because it solves someone's problem, but the rate for which many people are just promising signal that they are not able to provide, and you see them actually convincing lots of people into registering with them.

One thing that I know about signal for people that are not workers is that they can make lots of money from it, I have a group that I join too despite the fact I analyze things on my own, and most of the time the group had made some prediction, it is always getting through.

arwin100

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Quote from: Pamadar on November 11, 2019, 06:23:20 AM

Quote from: NewRanger on November 11, 2019, 05:59:55 AM

Quote from: senne on November 10, 2019, 12:37:59 PM

Many people fall victim of these trading signals.
These so called trading "Gururs" first earn money through paid subscriptions and then they first buy the coin themseleves and then pump it by giving a signal and that's the point where they sell it. Many new people in order to make it big in crypto trading start following such people and at then end get rekt.
One should be cautious of such groups.

maybe i called it as signal manipulation.they trying to convincing beginner trader with their trading signal,although we dont know actually they use screenshot from other traders.followers from this signal group will always rekt,cause they just be used by its admin.maybe learning how to analize chart and market will help us to improve our own skills.so we will not harmed by wrong signal from providers.If we dont do this i am sure we will not survive for long term.

Indeed. If you have no knowledge with particular business that you are in, there's no chance of surviving in the long run, you might find signals that luckily works for the short term but in reality it will only trapped you up and eventually you'll get to lose your investment. The best way is to be more realistic and keeps finding ways to improve your knowledge, being good in doing research and study advanced you up to anticipate what will the market is waiting ahead. Deal with your own understanding and not to keep dwelling with signal groups.

That's why you need to be more attentive if there's a signal given since there are signals provided for short term period and if you are left for the exit times for sure you will end up bag holding and worse you will lose your money. But if you have time to do research then it so good since I will agree with you with deal base on your understandings since by this we will safely earn if we do the tradings right.

jets567

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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.

Pamadar

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Quote from: NewRanger on November 11, 2019, 05:59:55 AM

Quote from: senne on November 10, 2019, 12:37:59 PM

Many people fall victim of these trading signals.
These so called trading "Gururs" first earn money through paid subscriptions and then they first buy the coin themseleves and then pump it by giving a signal and that's the point where they sell it. Many new people in order to make it big in crypto trading start following such people and at then end get rekt.
One should be cautious of such groups.

maybe i called it as signal manipulation.they trying to convincing beginner trader with their trading signal,although we dont know actually they use screenshot from other traders.followers from this signal group will always rekt,cause they just be used by its admin.maybe learning how to analize chart and market will help us to improve our own skills.so we will not harmed by wrong signal from providers.If we dont do this i am sure we will not survive for long term.

Indeed. If you have no knowledge with particular business that you are in, there's no chance of surviving in the long run, you might find signals that luckily works for the short term but in reality it will only trapped you up and eventually you'll get to lose your investment. The best way is to be more realistic and keeps finding ways to improve your knowledge, being good in doing research and study advanced you up to anticipate what will the market is waiting ahead. Deal with your own understanding and not to keep dwelling with signal groups.

NewRanger

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Quote from: senne on November 10, 2019, 12:37:59 PM

Many people fall victim of these trading signals.
These so called trading "Gururs" first earn money through paid subscriptions and then they first buy the coin themseleves and then pump it by giving a signal and that's the point where they sell it. Many new people in order to make it big in crypto trading start following such people and at then end get rekt.
One should be cautious of such groups.

maybe i called it as signal manipulation.they trying to convincing beginner trader with their trading signal,although we dont know actually they use screenshot from other traders.followers from this signal group will always rekt,cause they just be used by its admin.maybe learning how to analize chart and market will help us to improve our own skills.so we will not harmed by wrong signal from providers.If we dont do this i am sure we will not survive for long term.

alan2here

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Quote from: btc_angela on November 09, 2019, 05:32:06 PM

It really doesn't make sense for people to follow blindly trading signals. I mean who are the people behind this group? And how can you trust that they are not putting you in jeopardy because we it's possible that they already put up their orders before giving you the signals, meaning they will generate profit more than you do. So I would suggest to just stay away with it, much better if you do your TA yourself. If you don't know TA then you hard to work your ass off and learn it, simply as that.

Most of these signals are not guaranteed and can completely put you at risk of investment. I often see a lot at Telegram where there are thousands of different signals being given every day and there are no clear analytics so I never believed. In my opinion, it is best to analyze the coin yourself and make the safest investment decision because the crypto market is not an easy place to make money and add financial knowledge in your spare time to improve.

Sometimes I see some good signals but just watch and always think a lot of times before making a decision. I could lose the chance but would never choose to invest if that coin had no specific analysis.

senne

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Many people fall victim of these trading signals.
These so called trading "Gururs" first earn money through paid subscriptions and then they first buy the coin themseleves and then pump it by giving a signal and that's the point where they sell it. Many new people in order to make it big in crypto trading start following such people and at then end get rekt.
One should be cautious of such groups.

Mahanton

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Quote from: Dart18 on November 10, 2019, 10:40:10 AM

Quote from: Bightening on November 06, 2019, 03:38:02 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.

I always don't go that far.
I can see that all in Facebook and Twitter and also Telegram but it is just that it aint easy to believe them.
More like a black propaganda to me.
They make it look like they are many of them in a group but mostly it is just one person who have different account saying he agree with the other guy but the reality is not like that.
It is a scam but just not looked like it.
If I were you, I would really stay away from that.

One of the most common set-up but actually you can spot it out if you do already had the experienced eyes and mind about these fraud groups.
Just to think that if these people who do offer trading signals that they do had precise analysis then they wont matter themselves on giving
or let other knows on how to trade and what to trade since he already knows that he do make money on his own without the need of letting
other people join him.

Dart18

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Quote from: Bightening on November 06, 2019, 03:38:02 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.

I always don't go that far.
I can see that all in Facebook and Twitter and also Telegram but it is just that it aint easy to believe them.
More like a black propaganda to me.
They make it look like they are many of them in a group but mostly it is just one person who have different account saying he agree with the other guy but the reality is not like that.
It is a scam but just not looked like it.
If I were you, I would really stay away from that.

JeffBrad12

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Quote from: HarmonyA on November 09, 2019, 03:24:33 PM

I look at trading signals as organized schemes to lure the gullible people into a trap. Because it doesn't end in joy for the greedy. This signals are arranged in a way that make people trust them and dive in, which they end up making profits and leaving others in oblivion.

That is usually the case when there is a trading signal service and having a big community in it the so called expert will eive and take advantage of the people’s money meanwhile they are cashing out while the market is being pumped by their victim. Trading signal is a fancy name for prediction it could definitely goes wrong and that happens really often. There are some people that are good at analyzation but still it is always better to do all by yourself. Never think that following trading signal will give you absolute profit.

rodel caling

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Yeah can't avoid risk using crypto trading signal not all tips giving of the expert are not perfectly correct, why? It's also use technical analysis predicting crypto price.
One of the worse joining in crypto signal base on my own experience is wating of miney need yo pay before to join in the signal groups.

Landak

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Quote from: adroitful_one on November 10, 2019, 05:58:18 AM

Quote from: NathanJB on November 08, 2019, 09:59:24 PM

Quote from: drachman on November 08, 2019, 09:49:32 PM

Quote from: nydiacaskey01 on November 07, 2019, 07:53:23 PM

I do not recommend following a trading signal. Maybe some will earn from it specially those who bought right away after the signal was announced but what about those who will buy 10 minutes later or 10 minutes after the announcement. If the coin is worth 0.0001 BTC when it was announced, after 10 minutes, that coin maybe worth 0.00015 BTC or even higher. Those who bought at 0.0001 BTC can sell it at that price already gaining 50% profits and what will happen to those who bought at 0.00016 BTC? They are going to be stuck holding that coin because they come in very late.

Those that follow signals do not really understand the market, if you were to look at how the most successful traders around the world became that way you will see that no one follows the signals generated by others, they have their own way to tell what they market will do and then when the market moves in that way they enter the market not caring about what anyone else thinks and until you can do that then you are not really a good trader.

Because an accurate signal will never hit the market. What will hit the market are vague signals that are sold at a premium. These signals are coming from people who are not even experts themselves. These are people who are failing in trading even after they studied a lot about crypto trading. And to save these skills from becoming a total garbage, they are selling signals that are not really going to take place.

Most of these signals are just b.s. being sold to people in order to clear up some bags the people running it are holding. It's pretty simple really. Let's say that they bought too much XSN(just an example here) and the price went down and hasn't recovered for a few days. So, they post a signal telling everyone to buy XSN and put in their sell order to make a little profit off of it. You're the ones stuck holding their bags in the end and more than likely aren't going to make your money back off of that trade for a while.

Problems like that most often occur, they give the wrong signal (a trap) to order sell and buy without any specific and clear information.

the risk of using trading signals is that you might be able to get the wrong signal. although following the trading signal is not wrong (a little lazy) but more better is learning to understand about technical analysis.

Topic: Risks with using trading Signals - page 5. (Read 1285 times)