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

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?

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.

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. 

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.

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

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.

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?  

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  .

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.

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

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..

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.

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.

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 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.

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.

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.

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.

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.

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.

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.

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.

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?

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

More like the winning times and losing times too  . 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.

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.

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.

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 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.

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.

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.

I do not have any plan to use trading signal platforms and I will never use it. My I will follow them if they are also struggling in trading. It is better if I will follow my own decisions that there decisions. Most of the trading signals or the pump and dump group are scams and they are only finding a dumb person that can be their victim. It is not a good decision to follow trading signal groups.

I am not going to support any signal group.Also old trader will not support.Maximum trading signal group are paid for this. Few groups turned to scam.Newbie trader going to hear and support signal groups.But buying coin from hearing signal groups is very risky.         

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!

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.

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

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.

There are many aspects to trading. There is technical analysis, fundamental analysis, psychology, leverage and many other. Using a variety of analytical tools, investors can come up with a trading signal, which is a point at which action should be taken. Whether you buy or sell on that signal, depends on the analysis. Sometimes it depends on complex algorithms. Other times, the trading signal is the product of pure herd mentality, hence the rise of social trading. Regardless of how the signal is produced and what you do when you see it, it is important to get acquainted with the way these trading signals are produced and how to take advantage of it on your preferred trading platform, especially if you are looking at cryptocurrency trading.

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.

Trading Platforms Offering Trading Signal Services
You might be better off trying a trading platform that offers trading signals. These platforms clearly have a different interest and their profit structure encourages them to be more honest with their clients – if they are a legitimate trading platform that can be trusted. Here is why:
- Trading platforms are in the business of facilitating the trade, not in the business of making a trade
- These platforms make money on trading fees, which means they don’t care on which side of the trade you are on
- They want to make sure you keep on trading, so they are more likely to give you reliable information
- Experts work for these platforms, giving you access to great insights and sophisticated analysis

Crypto Trading Signals
When it comes to cryptocurrency trading, the analysis that produces a signal is even more complex. The variety of factors and the technical know-how required, make crypto trading signals hard to get right. Regardless of how well you do your fundamental and technical analysis, when it comes to cryptocurrency trading following what other people are doing is crucial. Therefore, you should always do your own research. Nevertheless, if you are already trading on a platform you feel confident in, you should include their signals in your research.

Best Cryptocurrency Trading Signals
Only a few platforms offer you the right tools to get your cryptocurrency trading signals right. The most prominent of them all is probably eToro. Unlike FX-Advisor and Signal Profits – both trading signal sites – eToro is a fully-fledged trading platform that has clear incentives. There are other trading platforms that also offer trading signals, like MetaTrader, if you don’t like eToro. Nevertheless, it seems that eToro has a leg up on the rest in part because of the quality of their cryptocurrency trading signals.

Social Trading
Apart from trading signals, eToro has a social trading tool. Copy trading allows traders to copy investments opened and managed by other investors. This is usually within the context of a social trading platform – which is exactly what eToro is. You’ll be able to find other traders on eToro easily. The Editor’s Choice section shows you Popular Investors that are worth looking into.

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/