Risks with using trading Signals - page 6.

adroitful_one

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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.

Yamifoud

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That is why I'd never give trust to this cause we know that nobody could see what will happen next, in fact, we are still in the volatility which reminds us always about it changes. I don't know if those people or traders who used signal trading achieve their goal and even more profitable than those casual traders. Cause even we follow charts, signals but in the end, we still have our own decision which still losses the value of those things.

Having this thing isn't a guarantee to make money and just @ Jerome Tash says, there is no easy money in crypto is absolutely right.

carter34

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Quote from: JeromeTash on November 06, 2019, 04:14:12 AM

- Can be used to make you buy shitcoins and you become a shitcoin bag holder while the architects' sell orders get filled bu you.

I can feel you on this and I totally agree with you. As a newbie that takes in all that was heard. I bought a couple of coins sic included and today, sic is about to be delisted and in fact shutting down of coinexchange.

Quote from: JeromeTash on November 06, 2019, 04:14:12 AM

- Can make you lose a ton of money when you have 100% confidence in them and yet the market decided to go in the different direction

Yes, one thing we have to take home is the above. It can be pushed off your direction and what would you do ? Grin

losing your money.

btc_angela

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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.

HarmonyA

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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.

aysg76

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See you can take the help of the trading signals if you are new to trading but do not blindly follow the instructions of trading groups as most of the time they force you to invest in shit altcoins that have no potential to rise in future and you block your funds in that coin.Always research on your own and monitor the growth of market regualarly to gain expreience and slowly avoid joining such signal group and be your own king.

AliMan

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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.

Try to have your own set of analysis in order to come up the best solutions. Relying with other persons opinion might contribute to your formulation of ideas for choosing when would be the right time to do the right things. Constant market monitoring, must be observed closely to avoid losing bigger amount of money, because if you're going to miss the chances you won't be able to form a good foundations for a successful trading with less risk.

wxxyrqa

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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.

In my opinion, an experienced trader will never turn to the help of signals, because he already has experience and knowledge in order to analyze the cryptocurrency market and take the right actions based on the findings. You are really right that all signals are primarily in demand among beginners or not too experienced traders who want to get a good income thanks to information that is easily accessible and in their opinion is too important. But I believe that the action of the signals is aimed at manipulating a significant mass of traders for the sake of certain people. This is how some groups and communities of speculators manipulate the market.

NathanJB

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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.

drachman

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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.

Ararbermas

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Relying in some trading signal is very risky because mostly of them are fake and not certain wherein can cause losses only based on my experience also , so not recommend . Much better to make your own technical analysis or fundamental to assure everything will be fine and you are in a right path because relying in some sort of signal group and etc are not really safe because of some frauds . So we need to adjust and be careful on what we're doing to prevent regrets and losses

hulla

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Quote from: youdacapt on November 08, 2019, 05:31:30 PM

Quote from: ethereumhunter on November 08, 2019, 09:23:07 AM

Using other people's signals doesn't guarantee you to make a profit because they only predict if that will go somewhere. But the question, how if what they predict is not happen? That will need more attention to find out about what will happen in the market. Maybe they have skills to predict where the market wants to go, but they don't know what exactly will happen with the market. So it is better to analyze by yourself because at least you know what suppose you need to do if something goes wrong or you can combine their prediction with your analysis so you can find more clues to enter the market.

many have problems because if they only learn by themselves, the techniques they absorb will only become practical theories. Following the signal will enrich the analysis for orders because it is more precisely associated with an active market.
If the 4 signals given are only 2 correct, then we only need to study the accuracy patterns of the two signals, and then it will become a benchmark for independent analysis later, we only need to take something positive from the experience of others and must understand the risks as well.

You both said well but following someone trading signals without performing your own analysis to check if the signal worth rely on is definitely not a good idea and this why I supported what Youdacapt said cause some signal provider post some wrong information sometime in other to pump the price of their pet coin.

adroitful_one

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It's pretty simple. Most of these trading signals you guys get are plain old pump and dump schemes and you all are paying for the privilege of getting screwed. Unless you get in at the price the people who announced the pump signal, you're going to end up losing money. Most of the time, this won't happen because they have been stocking up on the coin for a week or more before even announcing the signal to people. You'll end up with the signal posters coins stuck in hand because everyone purchasing the coin at the same time jumped the price up a bit and it won't hit that price again possibly ever.

youdacapt

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Quote from: ethereumhunter on November 08, 2019, 09:23:07 AM

Using other people's signals doesn't guarantee you to make a profit because they only predict if that will go somewhere. But the question, how if what they predict is not happen? That will need more attention to find out about what will happen in the market. Maybe they have skills to predict where the market wants to go, but they don't know what exactly will happen with the market. So it is better to analyze by yourself because at least you know what suppose you need to do if something goes wrong or you can combine their prediction with your analysis so you can find more clues to enter the market.

many have problems because if they only learn by themselves, the techniques they absorb will only become practical theories. Following the signal will enrich the analysis for orders because it is more precisely associated with an active market.
If the 4 signals given are only 2 correct, then we only need to study the accuracy patterns of the two signals, and then it will become a benchmark for independent analysis later, we only need to take something positive from the experience of others and must understand the risks as well.

DoublerHunter

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Quote from: Lanatsa on November 08, 2019, 12:03:41 PM

~snip~
Talking with btc and top alts signals then I would say that they are just simply milking out people to make money out of fees.
They don't actually have the skills to have that precise predictions.

^ Definitely right, they don't have skills on a prediction but they can manipulate the coin that they wanted to become hype.
This kind of service is for noobs people or those naive people just wanted to make easy money without hard work of searching a potential coins to trade. A paid signal is it could be a trap or the only owner will be got more benefits than the members.

Lanatsa

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Quote from: dark08 on November 08, 2019, 11:34:48 AM

Quote from: Strongkored on November 08, 2019, 10:55:46 AM

I consider traders who sell paid signals realize that getting profit from trading is not easy. I have followed paid signal, admin get around $3,500 a month from member, I decided to quit when see many of the signal he gave is wrong. In my opinion trading signal is more dangerous than trading itself.

Following a signal came from paid signal group is not 100% guaranty you will get a good profit because there will be a tendency it will chnage direction and resulting to lose your money, I'm not a fan of any signal group its better to learn the basic to advance technique on trading rather than following this signal group.

Not only just changing its direction but also this had been known that most group owners are just tending to scam out those newbie
that do join in the group where they do tell to buy a certain coin because it will pump out soon but actually they are already on peak prices
and when those noobs bought the coins then they do simply dump and leave those noobs bagholding those shit tokens.

Talking with btc and top alts signals then I would say that they are just simply milking out people to make money out of fees.
They don't actually have the skills to have that precise predictions.

dark08

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Quote from: Strongkored on November 08, 2019, 10:55:46 AM

I consider traders who sell paid signals realize that getting profit from trading is not easy. I have followed paid signal, admin get around $3,500 a month from member, I decided to quit when see many of the signal he gave is wrong. In my opinion trading signal is more dangerous than trading itself.

Following a signal came from paid signal group is not 100% guaranty you will get a good profit because there will be a tendency it will chnage direction and resulting to lose your money, I'm not a fan of any signal group its better to learn the basic to advance technique on trading rather than following this signal group.

NathanJB

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It is because there is no such way as risk-free. There is no easy way for trading, especially crypto trading. Signals are not guarantees that everything will make you a profit in the end. It is a possibility, and always a possibility, that signals could either be good or bad. Bad signals actually abound, especially signals that you can easily access through social media sites such as twitter, facebook, and telegram.

Strongkored

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I consider traders who sell paid signals realize that getting profit from trading is not easy. I have followed paid signal, admin get around $3,500 a month from member, I decided to quit when see many of the signal he gave is wrong. In my opinion trading signal is more dangerous than trading itself.

rijaljun

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Quote from: ethereumhunter on November 08, 2019, 09:23:07 AM

Using other people's signals doesn't guarantee you to make a profit because they only predict if that will go somewhere. But the question, how if what they predict is not happen? That will need more attention to find out about what will happen in the market. Maybe they have skills to predict where the market wants to go, but they don't know what exactly will happen with the market. So it is better to analyze by yourself because at least you know what suppose you need to do if something goes wrong or you can combine their prediction with your analysis so you can find more clues to enter the market.

I know it is better to do it myself, but let me represent most of newbie to say it is not that easy to learn trading. It is always hard to find potential coins, analyze the market, take a right decision on different scenarios, and much more.

People always suggest to do it by ourselves, but they never give us how to do so.

How would you handle this?

Topic: Risks with using trading Signals - page 6. (Read 1285 times)