Trading signal channels can be quite clever, so exercise caution !

Sanitough

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Quote from: Coyster on August 17, 2023, 06:00:46 PM

It is pretty easy to understand that it is all fake, and the money they stand to make is that which you pay to join the group, think about it, if they had accurate trading signals, they'll not be selling it, they'd just use the signals to trade themselves and make money.

Victims of these groups are usually people who are new to trading and the greedy too, they want to make money pretty fast from trading and they think that's how it works. Even if you don't want to do the hardwork of learning how to trade, and you decide to get trading signals from wherever, do not pay for them.

True. They will instead use their own trading signals for their own profits, and not to attract other traders to make a subscription. This is a clear scam, and everyone that falls on it is certainly not thinking properly. While this can be profitable for some experienced traders, as they know already how to deal with them, but for beginner traders, this is actually a big NO. It’s better to stick to your own trading skills and abilities, than to rely on trading channel apps that are only eyeing for your money until they took them completely.

Distinctin

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Trading signal channels are running a business, so expect that they will do everything to deceive people especially for those who are in greed for quick profits. You can be profitable at your first subscription, but never assume that you will remain profitable in the end. That is part of their strategy, by unrevealing their intention at first until everyone else is falling on their trap. So if you are a wise trader, stay away from these trading channel apps, as they can’t be trustable and worthy of our money.

ScamViruS

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Trading signal groups use all kinds of tricks to fool newbies and lure newbies to buy premium group subscriptions with only profit screenshots on public channels. I also once bought a premium membership to a trading group after seeing their tempting ads, and that was the biggest mistake of my life because they took credit for 1 successful trade after giving 10 signals with random signals.

I lost my trading momentum after joining that trading group. And that time I faced huge losses and it took me a long time to overcome that bad situation. So newbies should spend more time building trading skills, so as not to lose their capital by joining such crappy trading groups.

icalical

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I understand how this kind of trading signal operate, based on my experience joining a couple of the Premium Group, not all, but based on my experience it wasn't so different from the pump-and-dump group. So, the Group Owner, will have several groups, 3 Level of Premium Groups and one Free Group, lets say that the Premium Group consist of three groups, Top Level is Gold Group, followed by Silver Group, then Bronze Group, and the last one Free Group.

The owner will spread the signal to the Gold Group first, lets say at 12PM, then two hours after that he will broadcast the signal to the Silver Group or at 2PM, then three hours later to the Bronze Group or at 5PM, and finally the owner will broadcast the signal to the Free Group 6 hours after the first broadcast he made.

With this kind of MO, Silver Group is buying the Gold Group Orders, Bronze Group is buying the Silver Group & Gold Group orders, and the Free Member is buying everything that left. Then there will be the question of who is buying the Free Group order, if the Free Group is lucky then there will be some people who are not in any of those group jumping to the FOMO bandwagon and buying those order, if not lucky then those Free Group members will become the slaughtered pig, getting nothing.

Jatiluhung

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Quote from: The Cryptovator on August 17, 2023, 04:03:35 PM

As we're all acquainted with trading signal channels, it's worth noting that I'm well aware that the content found there is often deceptive. I don't personally adhere to any of their advice, but I'd like to share my experience in understanding their tactics and how they deceive people.

A few months ago, I was introduced to a free signal channel by someone. I've been observing their posts for a while, marveling at how accurate their forecasts seem to be. They maintain the authenticity of their past predictions by not editing them, which fosters trust and encourages people to join their paid signal group. Recently, I uncovered their strategy. They make predictions for both bullish and bearish trends, spaced a few days apart. They depict upward and downward price movements in separate posts. When the chart goes up, they refer back to their bullish post, and when it goes down, they point to their bearish post. This clever approach lures users into subscribing to their premium channel.

When following a trading signal group, it's important to remain vigilant. These groups employ various tactics to capture our attention, so it's essential to be discerning.

Well I also found some trading signal channels that are the same as you said. And indeed a lot of signal channels like that. But not all of them are. Because there are several channels on Telegram where they share trading signals for free but with a pretty good level of accuracy. Well it's not 100% accurate. but 7 out of 10 signals they give are always on target. But yeah, it's true they also open a paid VIP signal group, of course. But sadly they don't open slots every time. Even this year there were only a few slots open and they ran out immediately when I wanted to join. But that was several months ago. Because now I don't see many signal channels on Telegram anymore. I prefer to focus on personal analysis for now. Currently I prefer to actively search for fundamental information on many news channels and sites.

And I agree that we must be careful not to easily believe signal channels that always show off their profits. Because if they really are experts in analysis and trading then they don't need to make money from opening paid groups. Because they can definitely make more money from the trades they make themselves in the market. Grin

Dr.Bitcoin_Strange

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Quote from: The Cryptovator on August 18, 2023, 04:38:02 PM

Quote from: Dr.Bitcoin_Strange on August 18, 2023, 02:27:41 PM

LoL, this is not a new trick, @Oshosondy knows better Angry

.

I assure you, this is a new experience for me. Despite frequently encountering losses in my trading based on my experience, I find contentment in my choices as they are entirely my own, uninfluenced by external factors. There are numerous ways that can lead us astray, but due to my honesty, I sometimes struggle to promptly identify deceit. Having recently acquired this knowledge, I am eager to share it with the community. This way, those unfamiliar with these types of cheating can make well-informed decisions.

This has been going on for a very long time now, and most people (traders) are not yet even aware of it, just as you are having to experience it for the first time. It's good you shared your experience. I also learned it after someone shared their experience, and I took caution; if I had not, I definitely would have fallen victim to paying for some nonsensical VIP signal group. I'm just content with my strategy and trading decisions as well.

Quote from: Oshosondy on August 19, 2023, 03:05:38 AM

As for me, I do not use signal because I know that the signal providers are only looking for ways to enrish their own pocket and nothing more.

The Cryptovator

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Quote from: lixer on August 19, 2023, 01:38:15 PM

I've personally never been a fan of such groups though I've joined a couple just to observe how they operate. Most of their signals don't actually work out, and they just ignore them like they were never given and they just keep posting the signals that worked, they also keep forwarding successful signals from their Premium groups only to show the members that they are making people make a lot of money through their signals which is just a deception.

I'm not a fan of trading signal groups either. However, I joined mainly for swift news updates rather than trading signals. These groups manage to provide the latest news promptly, making it convenient for us to access without any trouble. Nonetheless, I've shared my concerns about how these groups can deceive unsuspecting individuals. Newcomers might place their trust in them and purchase premium packages, which often turn out to be ineffective and result in loss of funds.

lixer

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Quote from: The Cryptovator on August 17, 2023, 04:03:35 PM

A few months ago, I was introduced to a free signal channel by someone. I've been observing their posts for a while, marveling at how accurate their forecasts seem to be. They maintain the authenticity of their past predictions by not editing them, which fosters trust and encourages people to join their paid signal group. Recently, I uncovered their strategy. They make predictions for both bullish and bearish trends, spaced a few days apart. They depict upward and downward price movements in separate posts. When the chart goes up, they refer back to their bullish post, and when it goes down, they point to their bearish post. This clever approach lures users into subscribing to their premium channel.

When following a trading signal group, it's important to remain vigilant. These groups employ various tactics to capture our attention, so it's essential to be discerning.

I've personally never been a fan of such groups though I've joined a couple just to observe how they operate. Most of their signals don't actually work out, and they just ignore them like they were never given and they just keep posting the signals that worked, they also keep forwarding successful signals from their Premium groups only to show the members that they are making people make a lot of money through their signals which is just a deception.

People who fall for these groups and actually pay them to take membership for their premium groups are actually the laziest people and they are usually newbies who don't know much about the market and blindly follow these signals, sometimes their luck works but most of the time they get liquidated.

pawanjain

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Quote from: The Cryptovator on August 17, 2023, 04:03:35 PM

As we're all acquainted with trading signal channels, it's worth noting that I'm well aware that the content found there is often deceptive. I don't personally adhere to any of their advice, but I'd like to share my experience in understanding their tactics and how they deceive people.

A few months ago, I was introduced to a free signal channel by someone. I've been observing their posts for a while, marveling at how accurate their forecasts seem to be. They maintain the authenticity of their past predictions by not editing them, which fosters trust and encourages people to join their paid signal group. Recently, I uncovered their strategy. They make predictions for both bullish and bearish trends, spaced a few days apart. They depict upward and downward price movements in separate posts. When the chart goes up, they refer back to their bullish post, and when it goes down, they point to their bearish post. This clever approach lures users into subscribing to their premium channel.

When following a trading signal group, it's important to remain vigilant. These groups employ various tactics to capture our attention, so it's essential to be discerning.

I wonder how the group is still running because it wouldn't be hard for any person to tell that they are making prediction posts for both directions.
Anyone who is actively listening to their signals would be able to identify this scam. People should avoid signals at first place.
It might sound intimidating to join these groups but all of them are just a waste of time and money.

Darker45

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This is the only way for these people to be accurate. Nothing else. The signals of these so-called analysts have to be equivocal. Otherwise, they can't be right. They don't choose between a yes or a no, a black or a white, a true or a false. Somehow, they always choose the two. They are always ready with a disclaimer.

Roughly, they're like saying, "the price is about to go up, but beware because it could also go down." In Bitcoin's price history, you can always find both bullish and bearish patterns which you can use simultaneously in your prediction.

LogitechMouse

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I also have a bad experience with regards to these trading signal channels back in 2018 I think or 2019.
I really didn't want to do it at first, but curiosity got me, and tried joining to a trading signal channels which I paid only 5$.

Their scheme is that, the one that I purchased is their level 1 trading signal channel meaning they will post the signal a few minutes late, and by the time we saw the signal there, the coin pumped many times already. We don't know this at first until we saw it first-hand that we are receiving the signal late until I stopped relying on that shitty trading channel, left on that Telegram channel, and just focused on learning in trading.

Is there anybody here who became successful, or at least earned huge profit just by following these trading signal channels? Because what I know is that these are just scam attempts to those who wants to earn in trading in a quick way. Either way, I already stopped trading for months, and I will never, ever try to join to these trading signal channels. I just want to know if there's anybody here who got profit because they followed paid trading signals.

alastantiger

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Quote from: The Cryptovator on August 17, 2023, 04:03:35 PM

When following a trading signal group, it's important to remain vigilant. These groups employ various tactics to capture our attention, so it's essential to be discerning.

Before you subscribe to any signals group, vet it and be patient. Beginners who follow trading signals without having any proper knowledge or any risk management strategy will set themselves up for failure. Just like the OP has said, it is easy to catch these scams trading signals if the person is patient enough. Some of these red flags to look out for are those who manipulate the success rates, and especially those who offer free signals to profit from commissions.

Sim_card

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These trading signal groups are taking advantage on the newbies that don't want to learn understand trading but want to trade and make profit thinking that trading is that easy. They know people that they can fool because this trick wouldn't work for someone that is a good trader or understands trading. Newbies and amateur traders should create out time to learn if they think that trading must be done. I don't have to join any trading group because I dislike trading and it is time consuming and very risky. This is why I prefer to hodli my bitcoin for long. Most signal groups are out there to scam people because they have nothing to offer.

YUriy1991

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Quote from: The Cryptovator on August 18, 2023, 04:38:02 PM

Quote from: Dr.Bitcoin_Strange on August 18, 2023, 02:27:41 PM

LoL, this is not a new trick, @Oshosondy knows better Angry

.

I assure you, this is a new experience for me. Despite frequently encountering losses in my trading based on my experience, I find contentment in my choices as they are entirely my own, uninfluenced by external factors. There are numerous ways that can lead us astray, but due to my honesty, I sometimes struggle to promptly identify deceit. Having recently acquired this knowledge, I am eager to share it with the community. This way, those unfamiliar with these types of cheating can make well-informed decisions.

True, Experience is something that needs to be shared and I have also felt like you always lose against the emotions that are born from my mind when investing in crypto. So, to get out of it and get it resolved, expert advice is needed, as you said above, but I didn't take it all. Yes. it is necessary to be careful of themso that there are no more victims due to their petty tricks.

hatshepsut93

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Quote from: The Cryptovator on August 17, 2023, 04:03:35 PM

A few months ago, I was introduced to a free signal channel by someone.

If you get a free product, then you are the product. It should be pretty obvious that no one will share accurate predictions or insider information for free. Instead these channels will typically mislead beginner traders into investing in shitcoins. You just can't trust anyone in trading, it's a zero sum game with no cooperation.

The Cryptovator

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Quote from: Dr.Bitcoin_Strange on August 18, 2023, 02:27:41 PM

LoL, this is not a new trick, @Oshosondy knows better Angry

.

I assure you, this is a new experience for me. Despite frequently encountering losses in my trading based on my experience, I find contentment in my choices as they are entirely my own, uninfluenced by external factors. There are numerous ways that can lead us astray, but due to my honesty, I sometimes struggle to promptly identify deceit. Having recently acquired this knowledge, I am eager to share it with the community. This way, those unfamiliar with these types of cheating can make well-informed decisions.

Dr.Bitcoin_Strange

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LoL, this is not a new trick, @Oshosondy knows better Angry

.
I have also come across two threads where same issue was talked about. Most of those signal providers are only using those fake signal to decive traders into paying for subscription and at the end of the day, they are even earning more than you by just selling those fake signals, while you (as the trader) is buying fake signal and having losses in your trade, you are enriching those moda fuckers. fuck'm all, fuck trading signal.

Stepstowealth

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Quote from: The Cryptovator on August 17, 2023, 04:03:35 PM

When following a trading signal group, it's important to remain vigilant. These groups employ various tactics to capture our attention, so it's essential to be discerning.

People who do observe not observe so well will not quickly be able notice this gimmick. Trading signal channels are usually started by people who have plans to make money from fees people will pay to join the signal group, so their intentions will not always be good because they will want to do everything possible to make sure that people who join them stay and that more people join them in the group. If I will trade, I will like to learn and be independent of the need for a signal group.

dimonstration

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Quote from: ImThour on August 18, 2023, 01:13:22 PM

You should never join these trading signal channels. They are not worth it. There are many users on TradingView who provide their perspective on various SYMBOLS for free. Here is how you can access them. https://www.tradingview.com/markets/cryptocurrencies/ideas/

Here you will see most upvoted recent ideas related to Bitcoin and Ethereum, you can see how they are calculating and it's upto you to agree or not. Much better than following or paying for trade signals.

This is what I’m using too on my trade since tradingview charter is very open for discussion about their TA. They provide too a detailed explanation and solid charts to support their predictions unlike telegeam signal channel that typically drop a buy signal with only buying price as info.

The only disadvantage on tradingview charters is sometimes you will be confused once you read others idea especially when they are conflicting to each other while they both provide a reasonable explanation on how they come up with their prediction.

ImThour

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You should never join these trading signal channels. They are not worth it. There are many users on TradingView who provide their perspective on various SYMBOLS for free. Here is how you can access them. https://www.tradingview.com/markets/cryptocurrencies/ideas/

Here you will see most upvoted recent ideas related to Bitcoin and Ethereum, you can see how they are calculating and it's upto you to agree or not. Much better than following or paying for trade signals.

Topic: Trading signal channels can be quite clever, so exercise caution ! (Read 263 times)