Topic: Trading by follow signals. Is it good? - page 27. (Read 27565 times)

try to learn to analyze charts and look for more information about altcoin, in fact not all groups of signals provide false information but it is better we remain cautious on them and should do some research first before following suggestions from the signal.

Thanks everyone for your advice, since I want to trade but I have no idea how to start, which coin, how to analyse. That why I follow those paid channel, if not, i really concern what to do next

actually nope (

for trading hell,, ente must know about the market that ente tau, for vip, it is very good for trading, tp for now there is a problem of price reduction for all coin, tp do not panic first all will return like beginners, and do not we fooled, hopefully you understand with my answer.

first of all technical analysis does not work generally and it even is less effective when it comes to bitcoin market and it is absolutely useless when it comes to altcoins!

secondly these "groups" that call themselves signal groups are 99% scams and pump and dump groups. they are not giving you "signals" they are telling you what to buy and when to buy it. "what" is what they have bought already and want to make profit, and "when" is after they are done buying it.

you may make profit by following them because when they successfully pump something it is going up and you can make profit from that but in total, or in long term your total will be negative because you will lose more when they dump on you  than you can ever make.

I've joined a few crypto trading signal channels on Telegram.

First of all, only the channel admin can talk. And the admin will always pretend to be good. That means, if anyone lose money following signals, there is no way you, or other members will know, because they can't feedback or complain in the channel.

For the signal itself, sometimes they will give you some profit, but more often they won't. And pretty much all of those signals perform WORSE than market most of the time, and keep missing the coins with the biggest growth.

For example, before the week of Binance exchange's coin burn, their own BNB coin had a growth of 250% in days, and NONE of the signal channels I was in ever talked about it! Also true for the ARN big pump in the beginning of this year, when there was 10x profit within 4 days, NONE of the signal givers ever talked about it! The coins they recommended only saw some minimal growth on average.

Of course, there are times when the signal fails, and causes a loss. When this happens, the channel admin will simply REMOVE them in the weekly/bi-weekly/monthly "profit recap" report, pretending they've never given such signals, and only include the signals with positive gains in summarizing the "profit".

One of the channels I was in, the admin was so shameless and idiotic to claim an astonishing 750% profit gain, by summing the % profit of EACH individual coin (like 30 of them total) he recommended! Claiming a "total" profit of 750% when in fact the average profit is only 25% if you follow the signal and split the assets evenly.  

Yeah, they think their followers are all idiots.

Those paid signal groups are no difference. I've seen at least 2 free signal channels who invited the members to join their paid channels, posting old screenshots of their paid channel. From the screenshots it seemed the contents of the paid channels were exactly the same as the content in free version.

Stay away from them, if you don't want to lose money.

Mate, if you really want to gain a nice profit learn to read and understand trading by your self, don't just believe and trust others. I my self have that experienced joining on those group paid and not paid and I only lost my funds. So better not to trust them and make your own analysis.

I think follow signals is bad idea, even sometimes you'll get profit. For me, you have analyze and execute by your self. From that way you can understand how difficult to get profit and learn about real market market. Last thing is, follow signal will not make you an expert ( newbie permanent ). Never get experience and ( maybe ) will panic is something wrong happen. Only suggest, try to learn by your self and face the risk. Good luck to you.

No, do not join that shit unless that you do not want to pay your membership and just give that money to some stupid guy for free. Do not be so fool, those signals are fake, you are just going to lose a lot of money in there.

For a start, you don't invest all your money in one or two singles. You first monitor few singles which he is giving you for few days and analysis how they are performing and then you can decide whether to invest based on their singles or not. But you need to remember one thing that in down market most of these guys will fail to give you or advice to buy and sell singles. I didn't join any of these paid singles.

It is good to rely on it sometimes but mind you. The signals you've been following for might be a scam and baiting you all the way to the bottom.

Hi everyone, I'm just start trading and I don't have too much experience in chart or technical analyse. So I joined some signal groups with monthly fee. Is it good, in your opnion?
I hear about Alanmaster and his VIP signal, anyone hear about him or join his VIP member. Since I want to try so it's good if I have some feedback about it.
Thanks