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Author Topic: Can someone trade following trading signals?  (Read 3602 times)

Offline ayatoslaw

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Can someone trade following trading signals?
« on: February 17, 2021, 12:53:30 AM »
Trading signals are paid or free services provided by an analyst to provide information about market conditions, open positions, stop losses and take profits. In the cryptocurrency world trading signals can be easily found via twitter as well as telegram channels.

Seeing this opportunity, many novice traders try to follow the trading signals to get instant profit. But instead of making a profit, most of them get a loss.

So I want to ask, can someone trade following trading signals? because in many cases those who follow trading signals often get losses, but also not a few who get a lot of profit from following trading signals.

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Can someone trade following trading signals?
« on: February 17, 2021, 12:53:30 AM »

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Offline Maynul96

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Re: Can someone trade following trading signals?
« Reply #1 on: February 17, 2021, 07:12:33 AM »
You are correct sir, i see that on this time have many telegram channel who provide free or paid crypto currency signal and also i follow that many people use their trading signal but i see that many trader earn some good profit from their Signal.           

Offline Paglamon

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Re: Can someone trade following trading signals?
« Reply #2 on: February 17, 2021, 09:10:59 AM »
I think signals are essential for every user to make a profit by investing in the cryptocurrency market. Many people around the world are now benefiting by investing. New cryptocurrencies are constantly being added to the list of investments. So these are important for trading. There is a pump and dump section for tokens that constantly fluctuate a lot. It is important to increase the discussion there.

Offline yurez

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Re: Can someone trade following trading signals?
« Reply #3 on: February 17, 2021, 10:06:32 AM »
I look at the technical analysis of some coins that are published by crypto bloggers on YouTube, but I make the final analysis and buy decision on my own. Trading signals should not be thoughtlessly followed.

Offline Kitaiev

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Re: Can someone trade following trading signals?
« Reply #4 on: February 17, 2021, 03:01:12 PM »
One of my friends bought himself a subscription to paid signals of some successful trader he allocated $ 1,500 for these signals a month later he had $ 2,500 on his account.
One thing i can say for sure is that when the market grows, you don't need to be a cool analyst, the main thing is to be on the wave.

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Re: Can someone trade following trading signals?
« Reply #5 on: February 17, 2021, 03:19:38 PM »
A few days ago, a telegram group started trading and signaled when a coin price would rise.  Seeing them, many people trade in them and then get a lot of profit.  In fact, if you can trade by looking at such trading signals, then you can make a good profit by trading.
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Re: Can someone trade following trading signals?
« Reply #6 on: February 17, 2021, 05:05:14 PM »
Trading signals are indeed a polemic, namely for beginners they always think that following information from analysts will reap big profits. How funny it is when a trader enters the market only by relying on these signals, because it is better for us to learn some basic indicators first to be ready to receive these trading signals. because we need to be able to analyze different market conditions and trading volumes on different exchanges. So before going any further, some basic knowledge is required. And we need to note that some data says traders go to exchanges and buy crypto based on the trends they get in the media which are not necessarily clear on that basis.

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Re: Can someone trade following trading signals?
« Reply #6 on: February 17, 2021, 05:05:14 PM »


Offline ayatoslaw

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Re: Can someone trade following trading signals?
« Reply #7 on: February 18, 2021, 12:19:15 AM »
I think signals are essential for every user to make a profit by investing in the cryptocurrency market.
Most of the trading signals are not profitable for the followers, in most cases the followers of the trade signals will buy when the price has gone up, the reason is because an analyst has bought before publishing his analysis, and when many people follow his analysis, they will sell the coin, that's what actually happened ))
whereas Pump and Dump are only a result of increasing or decreasing market demand.

Offline Sharelock

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Re: Can someone trade following trading signals?
« Reply #8 on: February 18, 2021, 02:34:23 AM »
Trading signals are not quite right for me. Moreover, trading signals are free, of course if you follow you will get a loss. Because free trading signals are only for benefit the person providing free analysis.
One example is when the person said Abbys coin will pump at 02.00am and will finish at 02.15am. Actually he had bought Abbys coin and it didn't move at all. So he gave a pump signal so that the coin he bought would move up and he would sell them.
I prefer my own analysis than the analysis of others. Because all of our own risk, not someone else.
So don't be too stupid and want to be used by other people. We have to act smart in the crypto world
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Offline Kitaiev

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Re: Can someone trade following trading signals?
« Reply #9 on: February 18, 2021, 09:15:10 AM »
I think signals are essential for every user to make a profit by investing in the cryptocurrency market.
Most of the trading signals are not profitable for the followers, in most cases the followers of the trade signals will buy when the price has gone up, the reason is because an analyst has bought before publishing his analysis, and when many people follow his analysis, they will sell the coin, that's what actually happened ))
whereas Pump and Dump are only a result of increasing or decreasing market demand.
I totally agree with you! And there are a lot of such examples around us, we just need to notice it.
From the latter I recall the case with wallstreetbets namely with the channel in the telegram. After their signal, the price immediately fell when such advisers sold them with purchased coins.
But I think they were scammers. Many have suffered losses anyway...

Offline Maynul96

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Re: Can someone trade following trading signals?
« Reply #10 on: February 18, 2021, 10:27:31 AM »
A few days ago, a telegram group started trading and signaled when a coin price would rise.  Seeing them, many people trade in them and then get a lot of profit.  In fact, if you can trade by looking at such trading signals, then you can make a good profit by trading.
I agree with your opinion and i believe that everybody can make good profit from their investment if they received any legit and real signal from any telegram channel or group. So need real telegram group for good earning otherwise will loss.             

Offline Lanirex

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Re: Can someone trade following trading signals?
« Reply #11 on: February 18, 2021, 03:20:06 PM »
We can only trade following trading signals, but it is also good if before buying coins we re-analyze the coins. I myself intend to join trading signals in the Telegram group, but paid ones or Premium signals.

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Re: Can someone trade following trading signals?
« Reply #12 on: February 18, 2021, 05:26:02 PM »
Today I bought some dia and BnB coin according a trading signals that dia makes me 30 dollars profits and BnB makes me 50 dollars profits.

Offline missbtc

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Re: Can someone trade following trading signals?
« Reply #13 on: February 18, 2021, 08:01:34 PM »
I have a bad attitude towards trading signals only because I was previously added to various Telegram channels with trading signals without my consent.  Perhaps  I would use free trading signals, but I would not pay for them.

Offline ayatoslaw

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Re: Can someone trade following trading signals?
« Reply #14 on: February 19, 2021, 03:54:52 AM »
I totally agree with you! And there are a lot of such examples around us, we just need to notice it.
From the latter I recall the case with wallstreetbets namely with the channel in the telegram. After their signal, the price immediately fell when such advisers sold them with purchased coins.
But I think they were scammers. Many have suffered losses anyway...
Yes, that is the strategy the whales use, they create FOMO with trading signals, when the FOMO is very strong and many novice traders follow it, the whale will sell the coins.
But that doesn't mean they are scammers, it is a trading strategy, and it is common for traders to do, that's why novice traders are advised to trade using their own analysis, not following trading signals.

 

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