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Topic: What Is A Trading Signal Platform And Why You Should Try It For Cryptocurrency T - page 2. (Read 347 times)

newbie
Activity: 4
Merit: 0
Is there any platform, that can make trades for you, but you always have your crypto on your own wallet on exchange? I am looking something like that, because I don't want to do DYOR for trading on my own, but I also don't want to give crypto to some other wallet, where I do not have some control.
sr. member
Activity: 939
Merit: 256
I have bad experience with signal and the worst is my performance doesn't increase at all. People have different strategy when face market to get profit but use bot and signal is totally wrong, you'll get nothing using it. Leave bot and signal for your own good, trying and fail is not bad but depend your future into bot/ trader is worst.
Normal trading bots can only execute a few simple orders, if anyone depends on the trade, I believe he will receive a loss soon.
Trading is a very difficult job, a trader needs many factors that combine knowledge, confidence, analysis of news and charts. Besides, he needs to keep his composure in any situation. No trading bots have been able to achieve that yet.
hero member
Activity: 1249
Merit: 506
I don't believe in trading signals, most of them are fake and they are just trying to trick new people.
Sometimes people can see a few people give the right trading signals but that's not much, most of them will advertise the right trade signals and hide the wrong signals.
If anyone has a good trading signal he just needs to use it and make a profit, why should he sell those signals?
sr. member
Activity: 1400
Merit: 273
I have bad experience with signal and the worst is my performance doesn't increase at all. People have different strategy when face market to get profit but use bot and signal is totally wrong, you'll get nothing using it. Leave bot and signal for your own good, trying and fail is not bad but depend your future into bot/ trader is worst.

Bot is good if you know how to use it. But if you are just a beginner trader and does not have enough experience in trading, the use of bot will be hard. It is advisable that for starting traders, they should not just get help from a bot. Rather, they should learn to trade manually and by themselves. They should learn the different tools first before making use of trading bots. It might only lead them into losses.
sr. member
Activity: 826
Merit: 252
I have bad experience with signal and the worst is my performance doesn't increase at all. People have different strategy when face market to get profit but use bot and signal is totally wrong, you'll get nothing using it. Leave bot and signal for your own good, trying and fail is not bad but depend your future into bot/ trader is worst.
sr. member
Activity: 1582
Merit: 281
Eloncoin.org - Mars, here we come!
I do agree that you have to learn and earn profit from trading on your own without relying on any signal group. They can manipulate you if you still hasn't learn anything from trading or you might regret it on the latter. It is always better to do your own research and learn from it because you can't rely someone from the rest of your life.
A pretty good thing in this thread is DYOR, but you need to try to do a little customization.

Well, the signals posted by them are Fomo, you just need to take advantage of their activities to build an effort. Suppose you analyze a Komodo coin and you have already bought it. then a few hours later, a signal appears from them and the hype happens, you just have to buy again or just wait, and then sell lower than their first / second target. The principle is to continue your research and match it with their research.
sr. member
Activity: 2534
Merit: 332
Vave.com - Crypto Casino
Joining signal group these days is not recommended anymore since they can easily manipulate the new members or their victims. Most of these signal group is a total scam they just want you to believe that they were legit but they can't prove it. So i would rather stay away from them as far as i could.

Actually, it is from the the long time ago. No one actually giving legit signals for free, there is no point and benefit for those traders anyway unless you pay them to provide signals but is also not sure if they want you to get profits from it. If you have made some profits with free signals days back then you are just lucky. You aren't supposed to rely on signals, it is never good for the long run.
I do agree that you have to learn and earn profit from trading on your own without relying on any signal group. They can manipulate you if you still hasn't learn anything from trading or you might regret it on the latter. It is always better to do your own research and learn from it because you can't rely someone from the rest of your life.
full member
Activity: 602
Merit: 100
Thanks for the overview. But trading signals are not to be trusted, they are like ponzi scheme that get people stocked at the peak of the pyramid. Just as pointed earlier,  "if you have a trading signal that will give you an edge, why share it with everyone?". Trading signals are in the same category with those claiming to be crypto account managers online, who end up robbing their victims.
This is my own opinion,  but I will suggest you should DYOR to fortify yourself against unrealistic trading signals.
sr. member
Activity: 1274
Merit: 267
Joining signal group these days is not recommended anymore since they can easily manipulate the new members or their victims. Most of these signal group is a total scam they just want you to believe that they were legit but they can't prove it. So i would rather stay away from them as far as i could.

Actually, it is from the the long time ago. No one actually giving legit signals for free, there is no point and benefit for those traders anyway unless you pay them to provide signals but is also not sure if they want you to get profits from it. If you have made some profits with free signals days back then you are just lucky. You aren't supposed to rely on signals, it is never good for the long run.
sr. member
Activity: 2366
Merit: 305
Duelbits - $100k Bonus/week
If you can learn technical analysis, even if you don't join any signal groups you still gain profits. Believe me, I knew someone who joined signal group but it is not  100% working and regret joining at the end. Just a waste because he paid for the subscription. We can still achieve our profit with the best indicators. Most of the signal groups were fake and we are just tolerating their fake group if we tend to join them.
Joining signal group these days is not recommended anymore since they can easily manipulate the new members or their victims. Most of these signal group is a total scam they just want you to believe that they were legit but they can't prove it. So i would rather stay away from them as far as i could.
Totally agree with you, why traders rely on a trading signal group and not by their own study. I prefer to be used trading bot than using a trading signal group which did not give any guarantee in making a profit. Yes, please avoid trading signal group because most of them are probably doing pump and dump which they will make more than profit than their members. Do your own research is much more appropriate and it is a good in feelings if you earn by your own strategy.
sr. member
Activity: 2534
Merit: 332
Vave.com - Crypto Casino
If you can learn technical analysis, even if you don't join any signal groups you still gain profits. Believe me, I knew someone who joined signal group but it is not  100% working and regret joining at the end. Just a waste because he paid for the subscription. We can still achieve our profit with the best indicators. Most of the signal groups were fake and we are just tolerating their fake group if we tend to join them.
Joining signal group these days is not recommended anymore since they can easily manipulate the new members or their victims. Most of these signal group is a total scam they just want you to believe that they were legit but they can't prove it. So i would rather stay away from them as far as i could.
hero member
Activity: 2730
Merit: 632
If this trading signal groups are really legit, there should be a lot of Millionaires running around with their Lambos by now. How come there's a still a few of them? Maybe in stock market or in Forex this will work but not in Cryptos. Unless your group has a large pool of BTC that is enough to make the price of BTC go up or down at any given time and I don't think there is a group that can claim that.
I dont even consider that these trading signal groups does work on market or Forex unless if you do get some info from an insider which moves out the price but
come to think that price manipulation on forex or legal markets is really a serious matter where you can really be sued out or put into prison once caught but
on general talk i dont see for these things to be effective but still considered as pure speculation.As you said, if these people were pro they wont bother to share it to others.
legendary
Activity: 1834
Merit: 1036
If this trading signal groups are really legit, there should be a lot of Millionaires running around with their Lambos by now. How come there's a still a few of them? Maybe in stock market or in Forex this will work but not in Cryptos. Unless your group has a large pool of BTC that is enough to make the price of BTC go up or down at any given time and I don't think there is a group that can claim that.
sr. member
Activity: 2366
Merit: 332
Everyone is using same TA. Everyone has same principles. But everyone has different entry/exit.

And everyone if you see portfolio generally lose in the bad days and win in the good days. Same thing if you do it yourself trust me.
More like the winning times and losing times too  Grin. Most times it is like that except the highly experienced traders make money against the general sentiment. Generally, TA are the same thing and they give the same signal for analysis.
full member
Activity: 714
Merit: 104
Totally agree, nicely explained. You shouldn't trust these signals and the mistake newbies make is trying to make bucks and paying for them (i mean some sites/signals are cool but most are just trash...)...everyone should make its own research.
If there are really effective signals, then their information is not for wide use, because only a limited number of people use such resources and in my opinion no one else is allowed to this information.  You have correctly stated that everyone personally must learn to analyze all the information and, based on the results, act accordingly.  Until recently, I very often paid attention to all the signals of the telegrams of the channels, but my activity on their advice was unsuccessful.
hero member
Activity: 2296
Merit: 953
Temporary forum vacation
I would add a big reason NOT to use it. Try to look for 3 different signal services all in the same pair and same duration. Meaning,,, if you want day trade or week trade then look for all in the same duration.

Everyone is using same TA. Everyone has same principles. But everyone has different entry/exit.

And everyone if you see portfolio generally lose in the bad days and win in the good days. Same thing if you do it yourself trust me.
member
Activity: 318
Merit: 10
crypto enthusiast
Totally agree, nicely explained. You shouldn't trust these signals and the mistake newbies make is trying to make bucks and paying for them (i mean some sites/signals are cool but most are just trash...)...everyone should make its own research.
sr. member
Activity: 1330
Merit: 326
If you can learn technical analysis, even if you don't join any signal groups you still gain profits. Believe me, I knew someone who joined signal group but it is not  100% working and regret joining at the end. Just a waste because he paid for the subscription. We can still achieve our profit with the best indicators. Most of the signal groups were fake and we are just tolerating their fake group if we tend to join them.
hero member
Activity: 2912
Merit: 642

Trading Signal Sites
There are websites that specialize in producing trading signals. Nevertheless, these sites are always suspect. Logically speaking, if you have a trading signal that will give you an edge, why share it with everyone? The process by which they produce these trading signals should also be questioned. Many of these sites don’t show you their algorithms or their technical analysis. When it comes to cryptocurrency trading signals, it is easier to make anything up and make it look serious. Therefore, trading on their signals becomes tricky at best.


I don't believe much in this.
Most of them are just group of scammers.
You will pay for their service and then they will give you signals but at the end you will still lose.
Yes, at the start they will let you win to bite the trap. Afterwards you will be producing more making your capital way higher than how much you started.
Say goodbye too all that money when you believe them again.

My take, use them before they use you.
sr. member
Activity: 826
Merit: 252
I try to avoid signal for every activity ( trading/ investment ) follow signal will make my performance not increase. There's no guarantee you'll get profit and if you want to search many people has bad experience with signal. So, I'll do my best and take risk that can manage. Trust in you and never forget to set stop loss and take profit area before enter the market.
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