Topic: Risks with using trading Signals - page 7. (Read 1285 times)
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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 think that the topic of signals has already been voiced many times, but it will never exhaust itself. People always want easy money and quick money. This does not happen, especially in trading. You must make all trading decisions yourself, relying on your knowledge.
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.
Yeah actually they are not buying the same with signals they created because sometimes they are in a loss position and make their follower to buy higher the coins that make they loss, so they will exit with profits and leave the followers with loss.
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.
If a guy is only able to announce his signal 10 minutes before, forget it. That means he's the one manipulating the move, and you buying according to the signal is absolutely what he needs to dump the price on you.
You'll never come in early. Signals that are made a day before, like on forex, fine, at least we know the guy isn't manipulating. But that still doesn't guarantee profit guys!
Trading Signal groups. It's the route that beginners in trading usually take as they start trying trading journey. I for one don't advice using trading services. Contrary to popular beliefs, some signals group do work - - like their winning rate is actually high. However, if there's one thing trading Signals will commit you to is dependence on the signal provider. This is a big problem because if you no longer use the signals but go ahead to analyze or trade, You won't feel very confident about yourself. And when you eventually lose a trade, you'd then lack the courage to continue. Imo, It should be avoided at all costs.
At best, you can take those signals as 'ideas' and further make more analysis on it.
At best, you can take those signals as 'ideas' and further make more analysis on it.
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.
Relying on trading signal is like trowing away money into an ocean I have never come across any success story originating from paid signals I believed they sells signals to many clients and generate a lot of money, a perfectly working trading strategy should have deployed by the owner to make money rather than selling it, the basic truth is to learn how to trade although it might some considerable amount of time, efforts and commitment however in the long run it really worth it.
No one should depend on another trading signal. if you are able to make understand properly then trading would help you to make a profit from here, don't follow other signals ever, if you do then you must get in the trap, you need to make your own research and try to create a trend line about your portfolio, but for me, following signal contains a huge risk and it might be wrong decision for this purpose. if you have any option then holding could be the best reason to get rid of trading, if you want to take a risk then trading would be the best reason to make a profit from cryptocurrency.
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.
It is a mathematical thing and it is not really up to any person, if a person is making up price movements from his head that is even riskier but at least dude is honest about him making up the price, indicator based signals are even worse because it makes you feel like there is a mathematical possibility that you will make a profit and you can't go wrong which are all a big lie because in the end the indicator could turn out to be wrong quite easily.
Yeah, trade charts always provide dynamic data on market prices, well this is what makes mathematical calculations often experience a mistake.because mathematics is more identical to static data than dynamic data. What's more, it's all influenced by different fundamentals of traders regarding market conditions.
This is basically how you earn with looking upon closely to details and being updated in real time world news, events and such. Though you can do this somehow in different way but the profit is entirely different from what you could possibly earned with signals. Nevertheless, it still matters from an individual's effort to earn alot, so, even though you have tools but you yourself aren't responsible you won't be getting anything.
Trading signals might be more effective on stocks/forex, cryptocurrency market is pretty wild.
And just one whale with one single transaction can crash not only signals for the day but neutralize even a strong trend.
The only trading "signals" which had turned to be effective is to sell during hype (as we say - if a cab driver and people from breakfast tv speak how great bitcoin is, it is the strongest sell signal), and buy when not only mainstream media but cryptocurrency oriented news websites discuss if bitcoin is dead or not.
And just one whale with one single transaction can crash not only signals for the day but neutralize even a strong trend.
The only trading "signals" which had turned to be effective is to sell during hype (as we say - if a cab driver and people from breakfast tv speak how great bitcoin is, it is the strongest sell signal), and buy when not only mainstream media but cryptocurrency oriented news websites discuss if bitcoin is dead or not.
I keep telling people that there is no easy money. You have to learn and the trade for yourself. Trade signals;
- Can be used to Scam you by paying for "premium signals" which are even non-existent
- 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
- Can be used to make you buy shitcoins and you become a bitcoin bag holder while the architects' sell orders get filled bu you.
- Can be used to make you participate in a pump and dump scheme unknowingly.
It's lazy people who don't want to learn how to trade who usually fall for trade signal scams.
- Can be used to Scam you by paying for "premium signals" which are even non-existent
- 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
- Can be used to make you buy shitcoins and you become a bitcoin bag holder while the architects' sell orders get filled bu you.
- Can be used to make you participate in a pump and dump scheme unknowingly.
It's lazy people who don't want to learn how to trade who usually fall for trade signal scams.
This is definitely true. Why do you have to trust and fall for this trap when you can actually do your own strategy and trust your own guts based on how you understand the market flow? It's necessary that we'll know how to deal with the changes but it's a risk to rely our trading decisions on trading signals. They would manipulate us so it's an edge if we have enough knowledge about trading.
Considering signals are basically indicators there is really not an "indicator" of what bitcoin will do in reality.
Yeah, they are called indicator in name but just because one indicator was right back in history about price doesn't mean that it will be once again. Just because SMA was x when Y happened doesn't mean it will happen again.
It is a mathematical thing and it is not really up to any person, if a person is making up price movements from his head that is even riskier but at least dude is honest about him making up the price, indicator based signals are even worse because it makes you feel like there is a mathematical possibility that you will make a profit and you can't go wrong which are all a big lie because in the end the indicator could turn out to be wrong quite easily.
Nothing is certain.!Yeah, they are called indicator in name but just because one indicator was right back in history about price doesn't mean that it will be once again. Just because SMA was x when Y happened doesn't mean it will happen again.
It is a mathematical thing and it is not really up to any person, if a person is making up price movements from his head that is even riskier but at least dude is honest about him making up the price, indicator based signals are even worse because it makes you feel like there is a mathematical possibility that you will make a profit and you can't go wrong which are all a big lie because in the end the indicator could turn out to be wrong quite easily.
I don't believe too much on mathematical things when we do talk about indicators and the signals being generated to it.The thing here is that
we shouldn't stick out the past into the present and even on future. Market is always been unpredictable and its a total BS for those people who do
said that they do have precise signals on trading which isn't really true at all.
Considering signals are basically indicators there is really not an "indicator" of what bitcoin will do in reality.
Yeah, they are called indicator in name but just because one indicator was right back in history about price doesn't mean that it will be once again. Just because SMA was x when Y happened doesn't mean it will happen again.
It is a mathematical thing and it is not really up to any person, if a person is making up price movements from his head that is even riskier but at least dude is honest about him making up the price, indicator based signals are even worse because it makes you feel like there is a mathematical possibility that you will make a profit and you can't go wrong which are all a big lie because in the end the indicator could turn out to be wrong quite easily.
Yeah, they are called indicator in name but just because one indicator was right back in history about price doesn't mean that it will be once again. Just because SMA was x when Y happened doesn't mean it will happen again.
It is a mathematical thing and it is not really up to any person, if a person is making up price movements from his head that is even riskier but at least dude is honest about him making up the price, indicator based signals are even worse because it makes you feel like there is a mathematical possibility that you will make a profit and you can't go wrong which are all a big lie because in the end the indicator could turn out to be wrong quite easily.
I joined a trading signals before and i would say that it is a luck if you have bought in cheap and sold it to someone who is part of the group and its like a ponzi scheme. So i would not recommend to join this scheme because you might just lost your money.
And they manipulate people by providing screenshot of their members winning but they are the one whose really winning and making money.
First of I heard about this kind of group for providing trading signal I'm just confused about, its because some of their showing some sample are fake. So they trying find people are willing to buy or invest the coins they showed up and they said can be increase the price in no time. And yes must better to stay away of this kind of scheme and ignore it. And they manipulate people by providing screenshot of their members winning but they are the one whose really winning and making money.
And that's true they trying to manipulate people. So we must not believe on what they talking about just ignore them early.
Those who are giving signals either free or paid signals has nothing difference with scammers, manipulating and using those weak people, or those who has lack of knowledge about trading, they are using them for their own interest, they wanted to have as much as possible a lot of followers so they cannot lose any money as many will believe and will think that their signals is legit.
I joined a trading signals before and i would say that it is a luck if you have bought in cheap and sold it to someone who is part of the group and its like a ponzi scheme. So i would not recommend to join this scheme because you might just lost your money.
And they manipulate people by providing screenshot of their members winning but they are the one whose really winning and making money.
First of I heard about this kind of group for providing trading signal I'm just confused about, its because some of their showing some sample are fake. So they trying find people are willing to buy or invest the coins they showed up and they said can be increase the price in no time. And yes must better to stay away of this kind of scheme and ignore it. And they manipulate people by providing screenshot of their members winning but they are the one whose really winning and making money.
And that's true they trying to manipulate people. So we must not believe on what they talking about just ignore them early.
I keep telling people that there is no easy money. You have to learn and the trade for yourself. Trade signals;
- Can be used to Scam you by paying for "premium signals" which are even non-existent
- 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
- Can be used to make you buy shitcoins and you become a shitcoin bag holder while the architects' sell orders get filled bu you.
- Can be used to make you participate in a pump and dump scheme unknowingly.
It's lazy people who don't want to learn how to trade who usually fall for trade signal scams.
No such thing as easy money, correct! - Can be used to Scam you by paying for "premium signals" which are even non-existent
- 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
- Can be used to make you buy shitcoins and you become a shitcoin bag holder while the architects' sell orders get filled bu you.
- Can be used to make you participate in a pump and dump scheme unknowingly.
It's lazy people who don't want to learn how to trade who usually fall for trade signal scams.
I joined a trading signals before and i would say that it is a luck if you have bought in cheap and sold it to someone who is part of the group and its like a ponzi scheme. So i would not recommend to join this scheme because you might just lost your money.
And they manipulate people by providing screenshot of their members winning but they are the one whose really winning and making money.
I do not deny that some signal groups are cheating on others with the plan that you said, first, they will provide pictures of profits from people who have sent and participatedbut the fact is that this source of information comes only from one side, we can actually be very dangerous if we believe in such vague information, losing money on participation fees is a small risk, a bigger risk can be tied to a dump and pump plan. However, some signal groups are created for a good purpose, we should try to feel in each signal that we receive, do not let a few mistakes and judge them. And they manipulate people by providing screenshot of their members winning but they are the one whose really winning and making money.
For me, yes, there is a risk of using trading signals. For me, trading signals can only help you at the beginning, especially if you are newcomers in trading that want to have an experience. But you need to learn and gain some knowledge about trading, don't rely too much on signals because at the end of the day you will be trap depending too much on trading signals. Learning on your own mistakes and experience is still the best.
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