You seem to be drawing the right conclusions from your experience in trading. In fact, no one can guarantee 100% accuracy of signals, so traders should be prepared for potential losses and risks. However, if you can achieve an 80%-90% success rate on your trades, this can be very profitable for you.
It is also important to understand that every trader has their own style and strategy. Some may prefer to use signal groups, while others may spend time analyzing charts and looking for opportunities to enter trades. It depends on your personal preferences and trading experience.
In any case, for successful trading it is important to have a good understanding of the market and your strategy, as well as be able to manage risks. I wish you good luck in your trading!
Topic: Trading Signals vs Own Analysis (Read 975 times)
many are saying that trading signal in general are easily being taken advantage of by the one that offered the trading signal while that true, one could always remember that not everyone are good in technical analysis and also good at reading the current circumstance using trading signal is fine but always thinks through before finally making the financial decision based on these signal.
trading is generally really difficult, much more difficult than just investing and I think every newbies will definitely incur losses, heck even veteran aren't different either, but the most essential thing is that one could always learn from it and as a result they can make real analysis instead of depending with trading signal but heavily depend on these trading signal aren't necessarily bad honestly.
Investing is also not such a simple task as it might seem at first glance, it seems that there is nothing complicated, just buy and hold, but this is precisely the great difficulty, when to buy and when to sell.trading is generally really difficult, much more difficult than just investing and I think every newbies will definitely incur losses, heck even veteran aren't different either, but the most essential thing is that one could always learn from it and as a result they can make real analysis instead of depending with trading signal but heavily depend on these trading signal aren't necessarily bad honestly.
Trading is just as hard and requires a lot of knowledge and time, much more time than investing if we are talking about day trading. But there is also medium-term and long-term trading, which is perhaps not much different from investing. But you need to trade only based on your knowledge, if we try to trade on someone else's signals, then this will not bring you much benefit, because you will not be able to develop your skills.
My understanding of the failure in trading and investment is not for the lack of good strategy but for the lack of the proper management, right mental state for trading and plan.
If you do tend to engage with trading then of course you would really be needing to choose up or would discover on your own when it comes to strategies and ways for you to make trades.
Some people do love on the most easiest way or convenient on which they would rather be waiting for someones trading signals and would be applying those things and be using it up on their own trades,
without even trying to realize that its never been that worth on doing so, considering that market is speculative and it doesnt really have no sense when you do follow up someone just
because you do like. Well, its your money then its your rules on how you would really be gonna handling it, but talking about realistically and wisely on which it would be better
to depend on your own.
many are saying that trading signal in general are easily being taken advantage of by the one that offered the trading signal while that true, one could always remember that not everyone are good in technical analysis and also good at reading the current circumstance using trading signal is fine but always thinks through before finally making the financial decision based on these signal.
trading is generally really difficult, much more difficult than just investing and I think every newbies will definitely incur losses, heck even veteran aren't different either, but the most essential thing is that one could always learn from it and as a result they can make real analysis instead of depending with trading signal but heavily depend on these trading signal aren't necessarily bad honestly.
Investing is also not such a simple task as it might seem at first glance, it seems that there is nothing complicated, just buy and hold, but this is precisely the great difficulty, when to buy and when to sell.trading is generally really difficult, much more difficult than just investing and I think every newbies will definitely incur losses, heck even veteran aren't different either, but the most essential thing is that one could always learn from it and as a result they can make real analysis instead of depending with trading signal but heavily depend on these trading signal aren't necessarily bad honestly.
Trading is just as hard and requires a lot of knowledge and time, much more time than investing if we are talking about day trading. But there is also medium-term and long-term trading, which is perhaps not much different from investing. But you need to trade only based on your knowledge, if we try to trade on someone else's signals, then this will not bring you much benefit, because you will not be able to develop your skills.
My understanding of the failure in trading and investment is not for the lack of good strategy but for the lack of the proper management, right mental state for trading and plan.
I will recommend always going for the trading at your own analysis and this is just because just for self-confidence and experience because when we follow signals we take trades blindly and this is not how you can get experience. always remember experience is the most precious thing in any field and it costs a lot. If you even have to bear a particular amount of loss still you should prefer self-analysis. It gives you the experience under different circumstances and when you get pro you can achieve more efficient results as compared to the signal-following Person.
Self confidence is a risky subject though, because if you should not have it, then having it means it's a risk. So, do not follow others blindly and make stupid trades just because others told you, that part is true. However, do not trade with your own analysis if you do not know how to do that neither.Some people do their own analysis without any prior education on the subject and they end up with a lot of money lost, that's a bad deal and should not be done, and I would highly suggest others not to do that. First learn how to trade and then you could make your own analysis and you could make a profit, that will be a lot better for you in the long run. That way, not only you will have self-confidence, but you will also have one that is deservedly there.
I will recommend always going for the trading at your own analysis and this is just because just for self-confidence and experience because when we follow signals we take trades blindly and this is not how you can get experience. always remember experience is the most precious thing in any field and it costs a lot. If you even have to bear a particular amount of loss still you should prefer self-analysis. It gives you the experience under different circumstances and when you get pro you can achieve more efficient results as compared to the signal-following Person.
Self confidence is a risky subject though, because if you should not have it, then having it means it's a risk. So, do not follow others blindly and make stupid trades just because others told you, that part is true. However, do not trade with your own analysis if you do not know how to do that neither.Some people do their own analysis without any prior education on the subject and they end up with a lot of money lost, that's a bad deal and should not be done, and I would highly suggest others not to do that. First learn how to trade and then you could make your own analysis and you could make a profit, that will be a lot better for you in the long run. That way, not only you will have self-confidence, but you will also have one that is deservedly there.
many are saying that trading signal in general are easily being taken advantage of by the one that offered the trading signal while that true, one could always remember that not everyone are good in technical analysis and also good at reading the current circumstance using trading signal is fine but always thinks through before finally making the financial decision based on these signal.
trading is generally really difficult, much more difficult than just investing and I think every newbies will definitely incur losses, heck even veteran aren't different either, but the most essential thing is that one could always learn from it and as a result they can make real analysis instead of depending with trading signal but heavily depend on these trading signal aren't necessarily bad honestly.
Investing is also not such a simple task as it might seem at first glance, it seems that there is nothing complicated, just buy and hold, but this is precisely the great difficulty, when to buy and when to sell.trading is generally really difficult, much more difficult than just investing and I think every newbies will definitely incur losses, heck even veteran aren't different either, but the most essential thing is that one could always learn from it and as a result they can make real analysis instead of depending with trading signal but heavily depend on these trading signal aren't necessarily bad honestly.
Trading is just as hard and requires a lot of knowledge and time, much more time than investing if we are talking about day trading. But there is also medium-term and long-term trading, which is perhaps not much different from investing. But you need to trade only based on your knowledge, if we try to trade on someone else's signals, then this will not bring you much benefit, because you will not be able to develop your skills.
many are saying that trading signal in general are easily being taken advantage of by the one that offered the trading signal while that true, one could always remember that not everyone are good in technical analysis and also good at reading the current circumstance using trading signal is fine but always thinks through before finally making the financial decision based on these signal.
trading is generally really difficult, much more difficult than just investing and I think every newbies will definitely incur losses, heck even veteran aren't different either, but the most essential thing is that one could always learn from it and as a result they can make real analysis instead of depending with trading signal but heavily depend on these trading signal aren't necessarily bad honestly.
trading is generally really difficult, much more difficult than just investing and I think every newbies will definitely incur losses, heck even veteran aren't different either, but the most essential thing is that one could always learn from it and as a result they can make real analysis instead of depending with trading signal but heavily depend on these trading signal aren't necessarily bad honestly.
I prefer during technical analysis on my charts and taking trades with my own signals.It is more consistent and profitable for me,Have spend lots of money on trading signals during my early trading days and to be fair there are not worth it and don't bring in consistent profits.It is much better to trade on your own or with help from professionals who can guide you.
Your observations are correct. No signal group or individual trader can generate signals with 100% accuracy, and it's important to use caution when following signals or trading based on someone else's recommendations.
It's also true that even if a signal provider has a high win rate, it's important to consider all of their signals and not just pick and choose based on a few recent results. Trading requires a long-term strategy and approach, and it's important to remain consistent in your trading approach even if you experience a few losses.
Analyzing charts and finding opportunities to enter trades can be a good approach for traders who have the time and skills to do so. However, it's important to note that trading requires a significant amount of research, analysis, and discipline to be successful. It's important to have a solid understanding of technical analysis and risk management principles, and to be prepared for potential losses.
Ultimately, the most successful traders are those who have a well-defined strategy and approach, and who are able to remain disciplined and consistent in their trading activities
It's also true that even if a signal provider has a high win rate, it's important to consider all of their signals and not just pick and choose based on a few recent results. Trading requires a long-term strategy and approach, and it's important to remain consistent in your trading approach even if you experience a few losses.
Analyzing charts and finding opportunities to enter trades can be a good approach for traders who have the time and skills to do so. However, it's important to note that trading requires a significant amount of research, analysis, and discipline to be successful. It's important to have a solid understanding of technical analysis and risk management principles, and to be prepared for potential losses.
Ultimately, the most successful traders are those who have a well-defined strategy and approach, and who are able to remain disciplined and consistent in their trading activities
Laziness are always an enemy because first if you are not lazy to learn trading then for sure youll be getting the outcome you want but unless you are lazy you'll join signal group to find a trading signal that you will hit. When it comes to trading if you are lazy you'll not be getting any profit because in trading market is constantly changing that is why you need to adopt and learn always if you want to take out some profits in the market
Being lazy and being reliant on trading groups are going to teach you a lot of lessons. At least that's the consolation that you'll get from being like those. Having your own analysis will also teach you to become better but the first one which is about being lazy and dependent on signals groups, will teach you the hard way. It's why many of those aspiring traders have come against being dependent on them because it's either you learn nothing or you learn that next time, you'll avoid them.All in all when we talk about all of this, I believe that we are not going to end up doing any better, and should be considering this as not a good thing. I know that people may end up with some trouble in the end, but that doesn't mean that they can't just continue to grind their own analysis skills and should not do that. I hope they do, but it will take a while to do that and they need to endure that process.
I agree with these since relying on trading analysis of others is not always the best thing to do as sometimes they do commit mistakes and end up losing a great amount of investment on trading. It is okay to make comparisons on others' trading analysis but we should know how to incorporate our own analysis so that we can create wise decisions on it. Also, your own analysis would teach you things and make your understanding on it further enough to be used as a great experience that can be applied in your future trading activities. All in all, I think it is still better for us to rely on our own trading analysis and signals.
I will recommend always going for the trading at your own analysis and this is just because just for self-confidence and experience because when we follow signals we take trades blindly and this is not how you can get experience. always remember experience is the most precious thing in any field and it costs a lot. If you even have to bear a particular amount of loss still you should prefer self-analysis. It gives you the experience under different circumstances and when you get pro you can achieve more efficient results as compared to the signal-following Person.
Don't get lazy start doing self-analysis right now --Hamza.
Don't get lazy start doing self-analysis right now --Hamza.
Laziness are always an enemy because first if you are not lazy to learn trading then for sure youll be getting the outcome you want but unless you are lazy you'll join signal group to find a trading signal that you will hit. When it comes to trading if you are lazy you'll not be getting any profit because in trading market is constantly changing that is why you need to adopt and learn always if you want to take out some profits in the market
Being lazy and being reliant on trading groups are going to teach you a lot of lessons. At least that's the consolation that you'll get from being like those. Having your own analysis will also teach you to become better but the first one which is about being lazy and dependent on signals groups, will teach you the hard way. It's why many of those aspiring traders have come against being dependent on them because it's either you learn nothing or you learn that next time, you'll avoid them.All in all when we talk about all of this, I believe that we are not going to end up doing any better, and should be considering this as not a good thing. I know that people may end up with some trouble in the end, but that doesn't mean that they can't just continue to grind their own analysis skills and should not do that. I hope they do, but it will take a while to do that and they need to endure that process.
Laziness are always an enemy because first if you are not lazy to learn trading then for sure youll be getting the outcome you want but unless you are lazy you'll join signal group to find a trading signal that you will hit. When it comes to trading if you are lazy you'll not be getting any profit because in trading market is constantly changing that is why you need to adopt and learn always if you want to take out some profits in the market
Being lazy and being reliant on trading groups are going to teach you a lot of lessons. At least that's the consolation that you'll get from being like those. Having your own analysis will also teach you to become better but the first one which is about being lazy and dependent on signals groups, will teach you the hard way. It's why many of those aspiring traders have come against being dependent on them because it's either you learn nothing or you learn that next time, you'll avoid them.as far as I know, those who use signals as a trading benchmark also do analysis. the people who follow it sometimes have no basis in their analysis, or only add to the accuracy of their own analysis.
Yes, those that are sharing their signals are also the ones that has their own analysis just as the members. And that's why there's not that much difference unless the member is zero knowledge in trading and in the market. 
In the past, what I did was joining 2-3 signal groups and buy/sell according to their instructions. However, I realized 2 points.
1. No one can generate signals with a 100% accuracy.
2. When the winning percentage is 80%-90%, we have to make use of all the signals to get that percentage.
For example, if the results are
1-Win
2-Win
3-Loss
4-Loss
5-Win
6-Win
and we only take 3,4 and 5 trades, we are in a loss. Therefore, now I am not doing trading all the day. When I am free, I spend some time to analyze the charts and find some opportunities to enter the trades. Please share if someone has a different story.
I use a couple of free signals. People that offer free signals are starters who is seeking for a big community base. When I use the free signals, I compare it with my own analysis. If both are saying same thing I will believe their signal and will be able to pay for it.1. No one can generate signals with a 100% accuracy.
2. When the winning percentage is 80%-90%, we have to make use of all the signals to get that percentage.
For example, if the results are
1-Win
2-Win
3-Loss
4-Loss
5-Win
6-Win
and we only take 3,4 and 5 trades, we are in a loss. Therefore, now I am not doing trading all the day. When I am free, I spend some time to analyze the charts and find some opportunities to enter the trades. Please share if someone has a different story.
I only use my analysis as a test for recieved signals. In some cases, I test one recieved signal against the other and understand the one with better efficiency and I'll still stick to that until it is proven otherwise.
I do not have enough time to sit behind the screen and analysis thr market, and that is why I depend on the third party sometimes and not always to get into the market.
This might differ for you and others, the important thing is that you do what works for you.
as far as I know, those who use signals as a trading benchmark also do analysis. the people who follow it sometimes have no basis in their analysis, or only add to the accuracy of their own analysis.
Personally, I prefer to do my own analysis rather than looking at the signals. however, I sometimes also look at the signals that other people are doing to make comparisons with the analysis I have. in this way I have several advantages, namely I hone the analytical skills that I have in the world of trading, and I don't blame other people with the results.
Personally, I prefer to do my own analysis rather than looking at the signals. however, I sometimes also look at the signals that other people are doing to make comparisons with the analysis I have. in this way I have several advantages, namely I hone the analytical skills that I have in the world of trading, and I don't blame other people with the results.
The best course of action is to avoid those trading signals, they are harmful for traders because it teaches to become dependent on the signals on itself. Yeah there are legit signals and I know someone who are making money from it but is it good idea just to rely in trading signals and forget analysis? for me it is not good idea because signals cannot teaches you a lot of things while trading using your own analysis can help you to become a consistent profitable trader.
The best traders in the world do not follow trading signals, they are consistent making profit without subsrcribing to those premium groups who gives opinion about the market. This way we can already know that if we want to become one of the best trader, we should forget joining in trading signal and focusing on how we can become a great trader by just relying only to ourselves.
The best traders in the world do not follow trading signals, they are consistent making profit without subsrcribing to those premium groups who gives opinion about the market. This way we can already know that if we want to become one of the best trader, we should forget joining in trading signal and focusing on how we can become a great trader by just relying only to ourselves.
Another problem with trading signals is that they are available to a large number of traders, and many draw the same conclusions from them. And when a trader does the same as other traders, he turns into a hamster, which is simply carried away by the flow of the market. He controls neither his behavior nor his capital. Own strategy makes it possible to be as independent as possible from the conditions created by the crowd.
In the past, what I did was joining 2-3 signal groups and buy/sell according to their instructions. However, I realized 2 points.
1. No one can generate signals with a 100% accuracy.
2. When the winning percentage is 80%-90%, we have to make use of all the signals to get that percentage.
For example, if the results are
1-Win
2-Win
3-Loss
4-Loss
5-Win
6-Win
and we only take 3,4 and 5 trades, we are in a loss. Therefore, now I am not doing trading all the day. When I am free, I spend some time to analyze the charts and find some opportunities to enter the trades. Please share if someone has a different story.
1. No one can generate signals with a 100% accuracy.
2. When the winning percentage is 80%-90%, we have to make use of all the signals to get that percentage.
For example, if the results are
1-Win
2-Win
3-Loss
4-Loss
5-Win
6-Win
and we only take 3,4 and 5 trades, we are in a loss. Therefore, now I am not doing trading all the day. When I am free, I spend some time to analyze the charts and find some opportunities to enter the trades. Please share if someone has a different story.
What you don't understand about these signal groups is some of the trades you see them posting, they are usually ordinary signals, they don't trade them, they don't have any money on them, they only do their research and post them for people who have money they want to lost to try them out, if it goes as plan, it favour you and if it is the other way, you take your loss, that is what they do in every signal groups. Haven't you thought about it that they post more than 10 trades and signals everyday, you really think they have money to place on all the signals they post, better stick to your own analysis, it will help you in the long run and not to depend on anybody signals.
Actually, why do we should have to believe these signals when in fact, we know that the market is unpredictable in the first place. And besides, we know already that many people had suffered losses from following signals. Because if we think deeply, we can ask ourself why these people are offering help to others claiming that they can predict the right momentum in the market, why not use it personally and become rich? We can't fool ourselves if we don't let them manipulate our minds. Perhaps, it is possible to become better from them.
Most people today don't want to try and don't want to go through the process. They only think about profit, and in the end, they choose to depend on others by joining signal groups, without them realizing that huge losses are in front of them. I have experienced something like this, joined the signal group hoping to make a lot of profit, but yes as you already know, this is just a trick, three months following the signal from the group, apparently, my loss rate was getting bigger and bigger, I decided to do it myself with all the knowledge that I have. You can't run away from the journey you've started, enjoy the process, face the risks, and find solutions.Laziness are always an enemy because first if you are not lazy to learn trading then for sure youll be getting the outcome you want but unless you are lazy you'll join signal group to find a trading signal that you will hit. When it comes to trading if you are lazy you'll not be getting any profit because in trading market is constantly changing that is why you need to adopt and learn always if you want to take out some profits in the market
many kept saying that trading signal are good only for newbies that still can't get the gist of trading and don't have their own strategy in overcoming current market condition I do agree with that, but too much relying in these signal gonna doom yourself.
best course of action is just to follow the signal at the meantime meanwhile also learning the pattern of the signal and also try to question many veteran out there on how to make profit, therefore you gonna learn while still making some good trades, there are also trading signal that's quite reliable and those that just outright trash signal which might instead cause lose in our investment, but it's still undeniable with the fact that having our own analysis, is better suited for our vision, those trading signal in general, once they've got quite the followers, gonna misuse their authority.
The best course of action is to avoid those trading signals, they are harmful for traders because it teaches to become dependent on the signals on itself. Yeah there are legit signals and I know someone who are making money from it but is it good idea just to rely in trading signals and forget analysis? for me it is not good idea because signals cannot teaches you a lot of things while trading using your own analysis can help you to become a consistent profitable trader.best course of action is just to follow the signal at the meantime meanwhile also learning the pattern of the signal and also try to question many veteran out there on how to make profit, therefore you gonna learn while still making some good trades, there are also trading signal that's quite reliable and those that just outright trash signal which might instead cause lose in our investment, but it's still undeniable with the fact that having our own analysis, is better suited for our vision, those trading signal in general, once they've got quite the followers, gonna misuse their authority.
The best traders in the world do not follow trading signals, they are consistent making profit without subsrcribing to those premium groups who gives opinion about the market. This way we can already know that if we want to become one of the best trader, we should forget joining in trading signal and focusing on how we can become a great trader by just relying only to ourselves.
Actually, why do we should have to believe these signals when in fact, we know that the market is unpredictable in the first place. And besides, we know already that many people had suffered losses from following signals. Because if we think deeply, we can ask ourself why these people are offering help to others claiming that they can predict the right momentum in the market, why not use it personally and become rich? We can't fool ourselves if we don't let them manipulate our minds. Perhaps, it is possible to become better from them.
Most people today don't want to try and don't want to go through the process. They only think about profit, and in the end, they choose to depend on others by joining signal groups, without them realizing that huge losses are in front of them. I have experienced something like this, joined the signal group hoping to make a lot of profit, but yes as you already know, this is just a trick, three months following the signal from the group, apparently, my loss rate was getting bigger and bigger, I decided to do it myself with all the knowledge that I have. You can't run away from the journey you've started, enjoy the process, face the risks, and find solutions.Jump to: