What Is A Trading Signal Platform And Why You Should Try It For Cryptocurrency T

JessicaVL

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Quote from: avikz on December 03, 2019, 09:05:00 AM

Trading signals are very well used in forex market. There are professional signal provider website where subscription cost runs in hundreds of dollars every month! However, I too belive in DYOR methodology!

Technical analysis is mainly made to replicate human emotion in a regulated environment. Cryptos are very different and completely non-regulated! Hence traditional technical analysis is of no use in crypto market. Every seasoned crypto traders know this fact!

thanks for your input! I definitely believe that there needs to be more awareness around signal trading in crypto. I'm not sure what you mean in that technical analysis can't apply to cryptocurrency - can you expand?

JessicaVL

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Quote from: Wexnident on December 03, 2019, 08:57:44 AM

Its quite nice you defined them all and such but that last part basically killed everything you said lmao. Though I gotta agree. Professional traders have their own signals that they follow and well, these trading signals could probably be used but mostly by beginners only, when they are still familiarizing themselves to the way of trading. Also, etoro is good with its copy trading and all but IIRC, there were a bit of negative reviews regarding its special features and desktop experience, but well as a trading site, it works quite well.

Trading signals are still really useful - I don't think that the conclusion negates the entire thread. With that being said, it's important the new traders understand that there are still risks involved with signal trading. I've found the desktop experience with eToro to be really good, and as a trading site it's basically infallible.

JessicaVL

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Quote from: rijaljun on December 03, 2019, 08:45:53 AM

Quote from: JessicaVL on December 03, 2019, 01:45:00 AM

DYOR!
But even when the trading platform is so reputable and so good at producing wonderful signals, you should never follow them or other traders blindly. Cryptocurrency is all about self-reliance. When it comes to the information you trade on the same principle applies. Make sure you DYOR – do your own research – and avoid making trades you are not certain about.

So after reading the full thread, there comes the conclusion that made the whole thread useless : don't trust any signals!

Thanks for your feedback - although that wasn't really the intention. More so just for beginners to realize that there are still risks involved with signal trading, and to do their own research before committing to anything.

JessicaVL

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Quote from: MURONDI on December 03, 2019, 08:06:57 AM

I personally do not really like trading signals, sometimes it all makes me confused, because some trading signal platforms often give different signals, I'd better learn to analyze it myself, sometimes I also follow trading signals to add insight.

Whatever works for you is great! Honestly, it doesn't matter the methods that you use, if you're trading is successful then that's what really matters.

zeze18

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Quote from: X-ray on December 10, 2019, 05:04:55 AM

Quote from: Karmakid on December 09, 2019, 08:01:01 AM

Trading signal platforms or groups are profitable for other people but not for me. I tried to pay a premium fee just to be in a signal group and to be honest, I am earning decent for the first few days but after a week, their calls are not profitable anymore, it seems like they are just lucky enough for their first calls. After that, I don't trust the signal platforms or groups and I would rather spend my money in buying a legit trading course rather than relying on other so called trading experts.

Not really profitable for other people. usually these groups are just trying to take advantage of their users even if the users have paid them some amount of money but they still lure them to follow every instruction this so called trading expert that gives signal. It's just another BS that people think is real but actually is not.
most of the time people will realize the BS after the trading signal miss and make them lose otherwise they wont learn.

Yeah most of them are buying the coins first before they give the signals, and the buy zone must be higher than their buy zone so people will get trapped and the signal maker are going to have profits and also get money from they followers. As a new traders we should just learn from our experience and learn from tradingview

carlfebz2

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Quote from: shoreno on December 10, 2019, 05:12:01 AM

Quote from: X-ray on December 10, 2019, 05:04:55 AM

Quote from: Karmakid on December 09, 2019, 08:01:01 AM

Trading signal platforms or groups are profitable for other people but not for me. I tried to pay a premium fee just to be in a signal group and to be honest, I am earning decent for the first few days but after a week, their calls are not profitable anymore, it seems like they are just lucky enough for their first calls. After that, I don't trust the signal platforms or groups and I would rather spend my money in buying a legit trading course rather than relying on other so called trading experts.

Not really profitable for other people. usually these groups are just trying to take advantage of their users even if the users have paid them some amount of money but they still lure them to follow every instruction this so called trading expert that gives signal. It's just another BS that people think is real but actually is not.
most of the time people will realize the BS after the trading signal miss and make them lose otherwise they wont learn.

at first they should read the terms and conditions posted on the program that they will gonna join and they will decide if they will consider the risk or not especially for the platform like this where the owner is also a normal user that is trying to predict the price and prediction means it not guarantee that all of you who join the program will earn . laslty this was only a signal but it does not tell you a step by step way to trade properly . the trader is still the one that is responsible for his actions .

Following any trading signals does really still need an analysis on traders side and same as you said where these signal givers are just making their own speculation too towards the site.
Even how good they are they cant guarantee profits in the end of the day.

Im not really into trusting any platforms or individuals that do provide signals because if they were making money with good trades then they wont really bother on sharing it to public for adding up some benefits
yet they can earn it with just soloing.

cryptomessage2019

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This platform MindFlint (https://mintflint.com) lookes quite similar as Highwater.Trading (https://highwater.trading) page. Flint token is very easily integrated into the platform, and has some good benefits. The other site that I found, also gives subscriptions for trading and doesn't take fees on performance, just on subscription. Did anybody test any of this?

shoreno

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Quote from: X-ray on December 10, 2019, 05:04:55 AM

Quote from: Karmakid on December 09, 2019, 08:01:01 AM

Trading signal platforms or groups are profitable for other people but not for me. I tried to pay a premium fee just to be in a signal group and to be honest, I am earning decent for the first few days but after a week, their calls are not profitable anymore, it seems like they are just lucky enough for their first calls. After that, I don't trust the signal platforms or groups and I would rather spend my money in buying a legit trading course rather than relying on other so called trading experts.

Not really profitable for other people. usually these groups are just trying to take advantage of their users even if the users have paid them some amount of money but they still lure them to follow every instruction this so called trading expert that gives signal. It's just another BS that people think is real but actually is not.
most of the time people will realize the BS after the trading signal miss and make them lose otherwise they wont learn.

at first they should read the terms and conditions posted on the program that they will gonna join and they will decide if they will consider the risk or not especially for the platform like this where the owner is also a normal user that is trying to predict the price and prediction means it not guarantee that all of you who join the program will earn . laslty this was only a signal but it does not tell you a step by step way to trade properly . the trader is still the one that is responsible for his actions .

X-ray

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Quote from: Karmakid on December 09, 2019, 08:01:01 AM

Trading signal platforms or groups are profitable for other people but not for me. I tried to pay a premium fee just to be in a signal group and to be honest, I am earning decent for the first few days but after a week, their calls are not profitable anymore, it seems like they are just lucky enough for their first calls. After that, I don't trust the signal platforms or groups and I would rather spend my money in buying a legit trading course rather than relying on other so called trading experts.

Not really profitable for other people. usually these groups are just trying to take advantage of their users even if the users have paid them some amount of money but they still lure them to follow every instruction this so called trading expert that gives signal. It's just another BS that people think is real but actually is not.
most of the time people will realize the BS after the trading signal miss and make them lose otherwise they wont learn.

danherbias07

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Quote from: JessicaVL on December 03, 2019, 01:45:00 AM

DYOR!
But even when the trading platform is so reputable and so good at producing wonderful signals, you should never follow them or other traders blindly. Cryptocurrency is all about self-reliance. When it comes to the information you trade on the same principle applies. Make sure you DYOR – do your own research – and avoid making trades you are not certain about.

https://bitcoinchaser.com/cryptocurrency-trading-signals/

Good thing you put this at the end or I might get pessimistic about it.

I tried one trading signal before and it is just for free.
Got hooked by it and then suddenly they are asking me to buy larger amounts of it just because it will be pumped.
No, I didnt took the opportunity. That is how they say it.
Guess what? I did the right thing. Grin

There is a lot of fake trading signals and I don't really think there is really a legitimate one unless whales owns it. Wink

gomezjoe

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I actually know a crypto social trading tool which lets you share your signals to the other traders and ofcourse you will also earn from it. This platform is called MintFlint and its token is called FLINT which has been listed on Atomars anyway.. If you guys wanna have some trading signals or earn from sharing your trading signals, you can try this one.. Mintflint even migrated to Matic so traders don’t have to pay gas when they withdraw..

Hypnosis00

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Quote from: hirngespenst on December 09, 2019, 12:13:21 PM

Following trading signals mean you are downgrading your trade skills and very soon you will face a huge loss. I know some signals really make senses but that doesn't mean you are going to make more profits from it. Trading is one of the best occupations for me, if you know it well, your future may bright, if you cheat with your capability by following shit signals, you will come out with nothing.

If that trading signal isn't legit. But a certain thing we can't deny that most trading signals aren't helping, in fact, most of them are run by whales that their intention is to catch new traders that are lazy enough to have their own trading strategy and those who just think of easy money in crypto. If we know how these trading signals runs with, it absolutely there is no chance to make gains and you right, they all suffer losses.

atjiat

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Quote from: bitbunnny on December 09, 2019, 12:47:29 PM

People would literaly do anything to be more successful traders and to increase profit. That is the reason why they trust trading bots and trading signals platform which is to my opinion totaly useless and will not help you. In most cases it will give you wrong direction and make you take wrong decisions.
Nothing of that can't replace trading skills, experience and knowledge as well as human thinking and decision making so don't rely on such so called tools.

I hope that most of all cryptocurrency users will be very attentive and will not resort to the help of such information and similar resources, because any negative consequences and loss of money leads to the fact that users quit their activities on the cryptocurrency market. It seems to me that the more potential investors and successful traders in the cryptocurrency market, the more successfully the cryptocurrency market develops and attracts even more users. Nevertheless, any signals are used to a greater extent by those who do not have certain knowledge and experience, but want to get a good profit. I think so many scammers use this.

bitbunnny

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People would literaly do anything to be more successful traders and to increase profit. That is the reason why they trust trading bots and trading signals platform which is to my opinion totaly useless and will not help you. In most cases it will give you wrong direction and make you take wrong decisions.
Nothing of that can't replace trading skills, experience and knowledge as well as human thinking and decision making so don't rely on such so called tools.

msarro

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Quote from: hirngespenst on December 09, 2019, 12:13:21 PM

Following trading signals mean you are downgrading your trade skills and very soon you will face a huge loss. I know some signals really make senses but that doesn't mean you are going to make more profits from it. Trading is one of the best occupations for me, if you know it well, your future may bright, if you cheat with your capability by following shit signals, you will come out with nothing.

I don't think your words will make any sense to those who are underestimating their trading skills. They will only get to know that these signals are just scam after bearing huge lose.
If these predictors are so accurate then why they just go and buy coins. I doubt even these signal predictors have there own crypto account. Who need that when you can earn huge profits by scamming people.

hirngespenst

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Following trading signals mean you are downgrading your trade skills and very soon you will face a huge loss. I know some signals really make senses but that doesn't mean you are going to make more profits from it. Trading is one of the best occupations for me, if you know it well, your future may bright, if you cheat with your capability by following shit signals, you will come out with nothing.

abel1337

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Quote from: Karmakid on December 09, 2019, 08:01:01 AM

Trading signal platforms or groups are profitable for other people but not for me. I tried to pay a premium fee just to be in a signal group and to be honest, I am earning decent for the first few days but after a week, their calls are not profitable anymore, it seems like they are just lucky enough for their first calls. After that, I don't trust the signal platforms or groups and I would rather spend my money in buying a legit trading course rather than relying on other so called trading experts.

Investing in knowledge is better than paying someone to use their own knowledge. Some people prefer the easiest way to earn couple of bucks. Think about this, You are subscribed to a premium trading signal platform group and at the same time you have the knowledge to confirm their signals, The outcome would be possibly a higher chance of winning a trade.

Subscribing on a signal platforms won't guarantee you a winning trade, It is better combined with your own effort verifying it and learning on how they come up with that kind of signals.

Asmonist

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This is quite a bunch to learn and internalized. Well, I do want to increase my knowledge about trading signal platform. I just knew it now and we'll see how it works. I'm still in the process of figuring it out. How its fundamentals will be. Its really quite hard to fully internalized everything. But I thinl the best way is still through the actual usage of it and in the actual situation we need it the most.

Karmakid

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Trading signal platforms or groups are profitable for other people but not for me. I tried to pay a premium fee just to be in a signal group and to be honest, I am earning decent for the first few days but after a week, their calls are not profitable anymore, it seems like they are just lucky enough for their first calls. After that, I don't trust the signal platforms or groups and I would rather spend my money in buying a legit trading course rather than relying on other so called trading experts.

tradebitcoin2000

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A trading platform always comes with additional costs. They have to refinance their expenses. Some providers offer free access to their platform if the data feed access is limited to digital currencies. That's because access to exchanges like NASDAQ and NYSE usually requires to pay fees to the exchange itself. The trading platform vendor does charge you the money in the name of the exchange then. Anyhow, digital currency data feeds are free to use, and platforms like Bookmap offer free access. I would not recommend subscribing for the $39 package or the higher-priced package because spending ~$500 on top per year will require you to make $500 per year just for the tool. But if the tool helps to understand the market behavior better, then the free version might be worth a try.

Topic: What Is A Trading Signal Platform And Why You Should Try It For Cryptocurrency T (Read 370 times)