Trading Signals vs Own Analysis - page 4.

Inwestour

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Quote from: EarnOnVictor on April 16, 2023, 02:48:51 AM

The best is to develop your own trading habits and be independent of anyone, but if you do not have the grace for that, it's not bad to seek external help. It's money we are all looking for, but one must be certain of the source of their information and signals. I've used some top-notch trading signals before I discover myself in the world of trading and I give about three signal providers kudos as their success rate ranges between 85-90% accuracy. I even learned how to trade through their daily trading advice.

This is not about the bullshit of telling you the entry and exit levels. It's about issuing a detailed daily market review and commentary.

90% is very good, nine trades out of ten should be profitable, if this is true, then you probably already got rich well through trading? I had a question, why would someone share such successful transactions, and in what time period did you get such a result, a week, a month, a year? I understand that trading can make good money, but I also understand that not many people make money in this business, and I assume that those who have their own strategy will be able to earn money, and not just waiting for free signals from the telegram channel, or from somewhere else..

SOKO-DEKE

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Quote from: Mudara on April 02, 2023, 07:15:05 AM

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.

Even those groups who distribute crypto signals utilize their expertise to conduct their own analyses, so in that regard, I consider them to be similar to us.As a result, I prefer to trade using my own analysis because following a signal does not ensure success.

But occasionally, as novice traders, we require a signal to support our optimism when we consistently lose money.The best course of action, however, is to conduct our own analysis in order to avoid going in the same route as signal individuals when they keep losing. However, if you believe in the 70% success rate of group signals, I'll say it's alright.

Jwest

newbie

Activity: 14

Merit: 0

In my trading experience, I never started using signals. My own analysis works better for me.
I've tried trading signals from some couple of groups, I get liquidated easily.. I win less and loss more.
I feel more comfortable with my own anlysis.

EarnOnVictor

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Activity: 896

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Quote from: Inwestour on April 15, 2023, 05:39:58 AM

Quote from: Bushdark on April 14, 2023, 01:04:37 PM

I would always prefer using my own analysis to trade the market than choosing to use sigaml to enter the market.
The market is broad and sometimes it is good for us to use what we know to trade the market so that we will know what's happening in the market than going into the market blindly without any idea of what's happening so far.
If we keep using our own strategy, there is a time that we are going to be understanding the market better than before since understanding comes when we keep doing something continually.

Even if you are looking for some trading signals, you should still do an analysis to check how good this signal is. Because if you just copy these signals, you will lose your money. But if we deviate a little from this topic, then I see in my own example that hold brings better results than trading. I'm talking about bitcoin because I'm a long-term invester and I can already see the benefits of my investment, I'm sure that in the future it will be even more significant.

The best is to develop your own trading habits and be independent of anyone, but if you do not have the grace for that, it's not bad to seek external help. It's money we are all looking for, but one must be certain of the source of their information and signals. I've used some top-notch trading signals before I discover myself in the world of trading and I give about three signal providers kudos as their success rate ranges between 85-90% accuracy. I even learned how to trade through their daily trading advice.

This is not about the bullshit of telling you the entry and exit levels. It's about issuing a detailed daily market review and commentary.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: Inwestour on April 15, 2023, 05:39:58 AM

...But if we deviate a little from this topic, then I see in my own example that hold brings better results than trading. ..

The hold will bring more profit only if you are a bad trader. In this case, it is better to hold your coins than to lose money regularly. When you are a successful trader, your profit will be many times more from trading than if you just hold bitcoin.

Latviand

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Quote from: tvplus006 on April 15, 2023, 05:27:16 AM

In any case, you cannot blindly follow the signals and at some point you will stop trusting them. But it takes a lot of time, during which you will gain experience and knowledge. And at some point you will realize that you can make decisions on your own, the result of which will be a profit.

That's what I do in past year when I was still a noobie in trading, didn't blindly follow but listened to what they're saying and make a decision based on what I think is appropriate at that time. I don't trade much but when I do, I don't lose that much so my decision to not just rely on signals but instead learn more about the ins and outs of trading has bore a fruit.

Yamifoud

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Quote from: Inwestour on April 15, 2023, 05:39:58 AM

Quote from: Bushdark on April 14, 2023, 01:04:37 PM

I would always prefer using my own analysis to trade the market than choosing to use sigaml to enter the market.
The market is broad and sometimes it is good for us to use what we know to trade the market so that we will know what's happening in the market than going into the market blindly without any idea of what's happening so far.
If we keep using our own strategy, there is a time that we are going to be understanding the market better than before since understanding comes when we keep doing something continually.

Even if you are looking for some trading signals, you should still do an analysis to check how good this signal is. Because if you just copy these signals, you will lose your money. But if we deviate a little from this topic, then I see in my own example that hold brings better results than trading. I'm talking about bitcoin because I'm a long-term invester and I can already see the benefits of my investment, I'm sure that in the future it will be even more significant.

Perhaps, you are a long-term investor, and the only thing you do is to buy and hold, and sell later which TA is not needed anymore.
But being on trading this is very important and it was hereby encouraging to build our own rather than relying on others. But some traders (especially newbies) can't wait to build their knowledge and experience, they want instant profit and they think that following signal groups will be their solution. Sadly, they found it wrong when they suffered losses and sometims got scammed.

Inwestour

hero member

Activity: 980

Merit: 947

Quote from: Bushdark on April 14, 2023, 01:04:37 PM

I would always prefer using my own analysis to trade the market than choosing to use sigaml to enter the market.
The market is broad and sometimes it is good for us to use what we know to trade the market so that we will know what's happening in the market than going into the market blindly without any idea of what's happening so far.
If we keep using our own strategy, there is a time that we are going to be understanding the market better than before since understanding comes when we keep doing something continually.

Even if you are looking for some trading signals, you should still do an analysis to check how good this signal is. Because if you just copy these signals, you will lose your money. But if we deviate a little from this topic, then I see in my own example that hold brings better results than trading. I'm talking about bitcoin because I'm a long-term invester and I can already see the benefits of my investment, I'm sure that in the future it will be even more significant.

tvplus006

legendary

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To the Moon

Quote from: MiF on April 15, 2023, 05:09:34 AM

Signals are just signals it is sometimes not accurate and it is not like what everybody's thinking that if we used signals we will earn or win, for me it is still good to use signals but we also need to put or use our own analysis together with the signals so that we can have good trading experience.

In any case, you cannot blindly follow the signals and at some point you will stop trusting them. But it takes a lot of time, during which you will gain experience and knowledge. And at some point you will realize that you can make decisions on your own, the result of which will be a profit.

MiF

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Quote from: Mudara on April 02, 2023, 07:15:05 AM

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.

Signals are just signals it is sometimes not accurate and it is not like what everybody's thinking that if we used signals we will earn or win, for me it is still good to use signals but we also need to put or use our own analysis together with the signals so that we can have good trading experience.

Litzki1990

sr. member

Activity: 1386

Merit: 406

Do not put your financial resources at unnecessary risk by relying on others. Signals are followed by people who do not have the slightest knowledge of the market. If the person you are taking signals from gave you a wrong signal and you trade based on that signal and trade and see a total loss then will you be compensated by the person you are taking signals from.

Never make this mistake and always depend on yourself. You may say I have no idea about trading, make up your mind why depend on others and risk your money unnecessarily. Maybe it is difficult for you, but create your own idea about trading and move forward by trading little by little from your idea. There is no point in being unduly dependent on others.

awik p

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Pepemo.vip

Quote from: Bushdark on April 14, 2023, 01:04:37 PM

Quote from: ?? on ??

I think that a trader should definitely practice his personal analysis, because you won’t earn much on signals alone. When I started working with a broker from Amarkets, I always tried my predictions on a demo account, and this is what partially helped me earn.

I would always prefer using my own analysis to trade the market than choosing to use sigaml to enter the market.
The market is broad and sometimes it is good for us to use what we know to trade the market so that we will know what's happening in the market than going into the market blindly without any idea of what's happening so far.
If we keep using our own strategy, there is a time that we are going to be understanding the market better than before since understanding comes when we keep doing something continually.

market understanding arises because of our experience using personal signals. that way everything needs a process to understand it. relying on other people's signals as if we don't have a stand and at any time our trading style character will not be formed, but this happens a lot in the field, because many people want to get instant results, to make profits faster by willingly buying signals, or even many who subscribe to trading robots

Zilon

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Activity: 966

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Bitcoindata.science

Signals are not bad but relying solely on them is where the problem lies. I trade in confluence with signals, like i get the signal, then do my own analysis to verify if the signal gotten has potentials for a win, sometimes i adjust my profit to suit in.

Secondly most traders get signals late and still jump in to trade and end up blaming the source for their own carelessness. The reason self analysis comes first then signals come as confirmation that way it will be easier to know if the analysis is correct, wrong or it is too late to join.

Bushdark

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Quote from: ?? on ??

I think that a trader should definitely practice his personal analysis, because you won’t earn much on signals alone. When I started working with a broker from Amarkets, I always tried my predictions on a demo account, and this is what partially helped me earn.

I would always prefer using my own analysis to trade the market than choosing to use sigaml to enter the market.
The market is broad and sometimes it is good for us to use what we know to trade the market so that we will know what's happening in the market than going into the market blindly without any idea of what's happening so far.
If we keep using our own strategy, there is a time that we are going to be understanding the market better than before since understanding comes when we keep doing something continually.

cute nmp

jr. member

Activity: 1890

Merit: 3

I personally don't like using trading signals,there can be good and bring in good profits but can also results to lots of losses most atimes.Prefer using my own signal after analysing the charts and finding the best trade set-ups in the market.

raumonds

newbie

Activity: 34

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I learned the hard way that relying on signals alone isn't a foolproof plan. It's great to see you've adapted and now use analysis to make more informed decisions. Good luck with your trades!

HONDACD125

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Quote

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.

Almost all of the groups of trading signals charge you a monthly or yearly fee, but more than their signals, you can do good trading yourself. If you want to trade in any trading pair then it is important to know its support and resistance level first.Because you can easily enter and exit at support and resistance level.Along with this, you can make your trading easier by using some indicators and chart patterns.And by practicing on a daily basis you can trade like a good trader . Because there are groups of trading signals, they give you signals based on their experience. They also give you signals by combining different chart patterns and support and resistance and different indicators. Along with this, you should choose cryptocurrencies whose price fluctuates in the market.

Quote

no one can generate signal with 100 percent accuracy, they is no need of paying for a signal you can generate because most times after paying for signals, you will still end up losing.

No one can give hundred percent accuracy but still there are groups that give you signals.Which have a good success rate because who would join such groups if their signals don't work or hurt people? But there you will need a good amount of capital because their signals close at 10 to 15 percent trading profit. Where a trader with little capital cannot trade because he does not get enough profit due to the low rate of profit.

Sorryfor

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If you notice any such signal then good for you. And I think those who give signals to invest in different coins are actually mostly sitcoins. and since you have profited by doing such trading several times and faced loss many times. And I think if you invest regularly and focus on trading then you can go a long way. and you don't have to follow any signals to trade but you can make good trading benefits by taking a little idea.

South Park

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Quote from: abel1337 on April 10, 2023, 02:03:30 PM

Quote from: Fondarchand on April 10, 2023, 12:04:22 PM

Getting help from crypto signals and then try to use your own idea will be better because sometime the market is so harsh that no one knows what to do so in such situations getting help from crypto signals is not bad. Depending on crypto signals sometimes become disadvantage for you because there are a majority of individuals who doesn't not know about signals but they give it to another just for getting cash in return so try to hear everyone but take a decision what you really want to take and what is better for you.

I personally seek other charts analysis to have my own analysis a validation and to gain some ideas that I missed. I do this when the market is in chaos or I'm not really confident on how my technical analysis will turn out. It's never a be mistake to ask for someone opinion especially if you are trying to improve your self by asking validations. The bad thing about it is to just purely rely on the charts that you saw and abandon your own analysis. I encourage even new traders to practice their own analysis even if it's a bit rough and just try to compare it to other signals as a way to check their growth and improvements.

There is nothing wrong with looking at the analysis of other traders, as not only this can broaden your horizons but it could even give you new ideas about how to improve your own trading strategy, however the mistake a lot of newbies make is that they begin to rely on the analyses of someone else to trade instead of relying on their own knowledge, and this is a huge blunder as this will hinder their development as traders and destroy their self-confidence, and once they find themselves in a difficult situation instead of relying on themselves to get out of it they will look for external help, and most of the time things do not end well for the ones which do this.

Hamphser

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Quote from: Mudara on April 02, 2023, 07:15:05 AM

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.

When you are just starting up then you would be likely be having a thinking on checking someones trading analysis on which you would definitely be copying it on your first few days here on the market or simply

you've been trading but once you do experience some losses then this is where you would be thinking that it would be better on creating on your own and test it out.It does really vary on what kind of person
you are because there are people who are really that not easily giving up if ever they would be experiencing errors and mistakes which i do see to be a good thing but on the time that
you do end up on being desperate then it would be an another story.

Topic: Trading Signals vs Own Analysis - page 4. (Read 975 times)