Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Gposas on August 29, 2024, 11:06:59 PM

Title: Relying on Crypto Signals to trade, is it advisable?
Post by: Gposas on August 29, 2024, 11:06:59 PM
Seeing trading is a risk, traders are always advised to do much research on their own before venturing into Crypto trading and also to trade as much as can be lost, and we all know that the bigger your capital, the bigger your profit. But viewing the crypto market, we see it is very hard to predict in person and even some prediction from analyst seems to be incorrect.
I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Aanuoluwatofunmi on August 30, 2024, 12:19:16 AM
It is advisable to make use of the trading signals, but however, we must make sure that we don't rely completely on them, the market could be unpredictable and at the same time deceiving, which calls for more active participation in crypto projects, crypto signals make what we do more faster and easier, because we are going to have an idea of where the market is heading to before the experience.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: macson on August 30, 2024, 01:17:53 AM
Seeing trading is a risk, traders are always advised to do much research on their own before venturing into Crypto trading and also to trade as much as can be lost, and we all know that the bigger your capital, the bigger your profit. But viewing the crypto market, we see it is very hard to predict in person and even some prediction from analyst seems to be incorrect.
I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.

Actually, it all depends on your point of view because out there there are several signal groups that really provide strong analysis as a consideration for buying or selling.

but before you decide to join a signal group, you should first investigate the background of the group owner, if they are indeed a trader then you don't need to doubt it too much.

the point is don't make your decision 100% dependent on the signal group, still analyze it yourself.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Ricardo11 on August 30, 2024, 09:02:22 AM
Seeing trading is a risk, traders are always advised to do much research on their own before venturing into Crypto trading and also to trade as much as can be lost, and we all know that the bigger your capital, the bigger your profit. But viewing the crypto market, we see it is very hard to predict in person and even some prediction from analyst seems to be incorrect.
I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.

Actually, it all depends on your point of view because out there there are several signal groups that really provide strong analysis as a consideration for buying or selling.

but before you decide to join a signal group, you should first investigate the background of the group owner, if they are indeed a trader then you don't need to doubt it too much.

the point is don't make your decision 100% dependent on the signal group, still analyze it yourself.
Yes, I also agree with you, because group signals are not always 100% accurate, trading is one thing where relying on others without your own research will never lead to anything good. You need to acquire skills in trading, always do good research, and make the right decision by doing your own research, only then you will get something good.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Jating on August 30, 2024, 10:27:58 AM
Seeing trading is a risk, traders are always advised to do much research on their own before venturing into Crypto trading and also to trade as much as can be lost, and we all know that the bigger your capital, the bigger your profit. But viewing the crypto market, we see it is very hard to predict in person and even some prediction from analyst seems to be incorrect.
I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.

We don't know that trading signals you are talking about, but your friends seems to be vouching for it right? So maybe it is legit or maybe it's not. The truth is that it is no guarantee to make money through signals though. Yeah, maybe in the beginning, with luck on your side you will and others. But it could be a hit or miss as well. And just imagine though, if the people giving you signals are really making money, then why they are offering this kind of services? I mean they can have it and make tons of money without sharing the knowledge that they got? So just think about it.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Stompix on August 30, 2024, 10:52:07 AM
The forex market moves more on news from economic stats than anything else, crypto goes for hype or doom and gloom news
Tips and signals in forex mainly rely on this:
https://www.dailyfx.com/economic-calendar
people predicting a bank will change interest rates, industrial production data, unemployment, and so on.

In crypto, it's just a crystal globe, the only ones that truly make money are the ones selling those trade signals!
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: B.Trader on August 30, 2024, 11:30:02 AM
Your trading plan sounds well-structured and highlights key elements that are essential for success in trading. By defining your goals, risk tolerance, entry and exit criteria, and strategies, you're creating a roadmap that can guide your decisions and help you stay disciplined. This structured approach can help minimize emotional reactions, which often lead to poor decision-making. Sticking to a well-thought-out plan can ultimately increase your chances of consistent and profitable trading outcomes.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Azharul on August 30, 2024, 01:27:34 PM
I believe that you will told actually correct decision in your post. We also know that crypto trading is risk for us. But if we understand in cryptocurrency market and also know how do trade, i believe that we will be success in this session. Because a successful trader can understand easily in crypto trade. Another you want to know that we should be fully dependable on trade. So i told that we shouldn’t fully dependable on crypto trade.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Altlover on August 30, 2024, 01:42:22 PM
It is advisable to make use of the trading signals, but however, we must make sure that we don't rely completely on them, the market could be unpredictable and at the same time deceiving, which calls for more active participation in crypto projects, crypto signals make what we do more faster and easier, because we are going to have an idea of where the market is heading to before the experience. Yes, trading signals can be a useful tool in the crypto market as they provide insights and can help identify potential trading opportunities. However, it's crucial to remember that the market is highly volatile and unpredictable.participation in the market can provide a more balanced approach and help you make more informed decisions.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: MrSpasybo on August 30, 2024, 05:00:12 PM
Seeing trading is a risk, traders are always advised to do much research on their own before venturing into Crypto trading and also to trade as much as can be lost, and we all know that the bigger your capital, the bigger your profit. But viewing the crypto market, we see it is very hard to predict in person and even some prediction from analyst seems to be incorrect.

I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.
The results will answer everything. You can try following those signals and practice with a Demo account. If you have stable profits in the long run, you can trust and use those signals. Otherwise, you should stay away and warn others not to be deceived by such signals.

This market is full of lies. Many people just want to collect money from members in VIP Signals channels. They provide signals but often only confirm the correct ones and ignore the wrong ones to deceive inexperienced traders. Sometimes they provide signals to create buying pressure, then they will take profit when the price increases and push the risk to the members in their signal group.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: gunhell16 on August 30, 2024, 05:14:53 PM
Seeing trading is a risk, traders are always advised to do much research on their own before venturing into Crypto trading and also to trade as much as can be lost, and we all know that the bigger your capital, the bigger your profit. But viewing the crypto market, we see it is very hard to predict in person and even some prediction from analyst seems to be incorrect.
I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.

You know, op, it's your choice if you want to rely on the signal that other traders will tell you. Now,  if you prefer forex trading, it's better to ask the forex traders themselves, because most communities here relay on crypto trading and not on forex trading.

Also, it is not good that we rely on the signals of other traders to make money from trading, because we ourselves are the ones who get the profit because we have an idea or knowledge of conducting trading activity and we are confident in what we are doing in crypto trading like this. .

Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: BitMaxz on August 30, 2024, 05:59:10 PM
You know, op, it's your choice if you want to rely on the signal that other traders will tell you. Now,  if you prefer forex trading, it's better to ask the forex traders themselves, because most communities here relay on crypto trading and not on forex trading.

Also, it is not good that we rely on the signals of other traders to make money from trading, because we ourselves are the ones who get the profit because we have an idea or knowledge of conducting trading activity and we are confident in what we are doing in crypto trading like this. .

Well I don't think there's much difference between forex trading and crypto trading for me, they don't have much difference the only difference is crypto is more volatile than forex and you can get a faster results on crypto compared to forex.

Following a signal from someone else is not advisable sometimes it works based on their own perspective but I always recommend that you have your own analysis to make sure you are in a good position that is why you need to learn the basic thing to analyze the market without the basic you are likely betting to a position that you don't know the probability if you can win the trade or not.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Findingnemo on August 30, 2024, 06:03:08 PM
Seeing trading is a risk, traders are always advised to do much research on their own before venturing into Crypto trading and also to trade as much as can be lost, and we all know that the bigger your capital, the bigger your profit. But viewing the crypto market, we see it is very hard to predict in person and even some prediction from analyst seems to be incorrect.
I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.

Forex can be predictable cause it's stable while crypto market is highly unstable and from my experience anyone claim that they have higher success rate in predicting the signals is just con artist and all they want is to sell their course to you or make them to pay you for nothing but promise and if they were so good then why they didn't take all the profits for themselves.

You may say they want to share profits with everyone which is a big fat lie, no one wants to share profits all they try is to monetize and milk money in any possible ways by exploiting the desperation of people.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Themepen on August 30, 2024, 06:18:44 PM
I think trading in crypto market is very risky and unpredictable. So it is important to do your own research and be careful. And relying only on trading signals can be dangerous. Trading signals can be helpful but they are not always right. Even experts can make mistakes and following signals blindly can lead to big losses.

Signals should be used as guide not guarantee. You mentioned Forex trading so getting daily trading signals can be helpful but make sure to research signal provider and understand how they work. If your friend has had success with signal provider still be cautious and do not invest more than you can afford to lose. Always be careful and informed when trading in the crypto market.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: ZAINmalik75 on August 30, 2024, 07:27:15 PM
Seeing trading is a risk, traders are always advised to do much research on their own before venturing into Crypto trading and also to trade as much as can be lost, and we all know that the bigger your capital, the bigger your profit. But viewing the crypto market, we see it is very hard to predict in person and even some prediction from analyst seems to be incorrect.
I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.
Not every signal-sharing platform and group is 100% legitimate, nor do they have 100% accuracy in winning trades. The genuine ones show their actual accuracy, including how many trades they won and lost, allowing you to determine their accuracy and the potential profit you can make from that group. These groups do not take responsibility for your assets no one does. If someone claims to take responsibility and offers a guarantee, they could be a scammer.

The real ones will present the facts to their users and won't lie. I have followed many signal-sharing groups and experienced both profit and loss, but the real value lies in learning how to trade on your own. That's the only way to build confidence in yourself and your trading decisions to make a profit.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Hamza2424 on August 30, 2024, 07:43:20 PM
Seeing trading is a risk, traders are always advised to do much research on their own before venturing into Crypto trading and also to trade as much as can be lost, and we all know that the bigger your capital, the bigger your profit. But viewing the crypto market, we see it is very hard to predict in person and even some prediction from analyst seems to be incorrect.
I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.
People selling signals in their groups are real thugs! If they could actually make money from trading, why would they be selling their signals at such high prices? They just want to make money from selling their signals, not from buying and selling tokens. That said, not everyone in the market is trying to scam you. Some genuinely provide valuable information and free signals without charging, but you have to find them.

Relying solely on crypto signals without learning anything is a total waste of time,. While you might make some money from it, and the signal provider definitely will, you won't be learning anything. The best approach is to learn to trade yourself and practice using signals, especially if you don't want to stop following them. This is just advice, so make your own decision.

Hmm you can test the results of a group by joining it only and not following their trades once you are satisfied then you can follow them also, and that's now my soft comment.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Rruchi man on August 30, 2024, 08:29:15 PM
I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
Signal groups are not good even though they can be profitable. It is always better  you have the intention to master trading on your own so that you can do it for a long time and be sustainable. You may not be able to continue trading if a signal group that you have been depending on suddenly stops.

Also joining a signal group, does not mean that you will be extremely successful in trading, signal groups are not 100% accurate.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Gurujebs on August 30, 2024, 08:37:10 PM
Seeing trading is a risk, traders are always advised to do much research on their own before venturing into Crypto trading and also to trade as much as can be lost, and we all know that the bigger your capital, the bigger your profit. But viewing the crypto market, we see it is very hard to predict in person and even some prediction from analyst seems to be incorrect.
I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.

If you are looking for a crypto signal before you trade, I will advice you to stop trading because you will lose the money you can't imagine in trading. You don't know how the signal came and how conclusion was made about it and you don't know how the person might feel later if the market sentiment changes, so it's better you use your own idea rather than depend on another person own. I will advice you to hold an asset as much as possible for some period of time and then sell when you make enough profit already.

Alternatively, I will advice you to learn trading own your own, don't depend on third party or even your friends about any signal, you will likely make more loss that you could ever imagine.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: bayu7adi on August 31, 2024, 06:38:00 AM
I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.
Yes, but not all of them... sometimes there are predictions that match our predictions, so the existence of a signal provider is to make our predictions stronger and more convincing... while for some predictions that are beyond our ability to analyze, it is better to leave them first, because the task of a trading signal provider is to be another reference to strengthen our predictions... the analysis we do is more important, because that is what can train us to grow.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: libert19 on August 31, 2024, 01:35:59 PM
Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?

I don't think anybody can make profit on every single trade he makes.

Quote
I need some advice.

I don't believe in signals, I'm of the opinion that all signal groups are there to make money of their subscribers.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: nakmantu99 on August 31, 2024, 02:46:21 PM
I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.
Yes, but not all of them... sometimes there are predictions that match our predictions, so the existence of a signal provider is to make our predictions stronger and more convincing... while for some predictions that are beyond our ability to analyze, it is better to leave them first, because the task of a trading signal provider is to be another reference to strengthen our predictions... the analysis we do is more important, because that is what can train us to grow.
I actually see signals by monitoring the market and I prefer to understand the character of the coin and market movements by looking at its volume. I think everyone has their own strategy and method, because I learned trading autodidactically not joining a group that teaches how to trade.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Hatchy on August 31, 2024, 03:15:08 PM

If you are looking for a crypto signal before you trade, I will advice you to stop trading because you will lose the money you can't imagine in trading. You don't know how the signal came and how conclusion was made about it and you don't know how the person might feel later if the market sentiment changes, so it's better you use your own idea rather than depend on another person own
Not that crypto signal is that bad, I have seen and tested some crypto signals on different markets before and most of them have usually profited me . But then why I don't advice beginners to mostly use crypto signals is that, you can't trust what you have no idea of. Trading signals sometimes might be wrong or incorrect, and then when you are already good in trading and get such signals, you might as well confirm first if the signal is valid or not. Just jumping into the market when you don't even know what the signal is, will only put your funds at risk. So it's better to know what you are doing than rushing into entering a trade you don't understand.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: milewilda on August 31, 2024, 04:19:48 PM

If you are looking for a crypto signal before you trade, I will advice you to stop trading because you will lose the money you can't imagine in trading. You don't know how the signal came and how conclusion was made about it and you don't know how the person might feel later if the market sentiment changes, so it's better you use your own idea rather than depend on another person own
Not that crypto signal is that bad, I have seen and tested some crypto signals on different markets before and most of them have usually profited me . But then why I don't advice beginners to mostly use crypto signals is that, you can't trust what you have no idea of. Trading signals sometimes might be wrong or incorrect, and then when you are already good in trading and get such signals, you might as well confirm first if the signal is valid or not. Just jumping into the market when you don't even know what the signal is, will only put your funds at risk. So it's better to know what you are doing than rushing into entering a trade you don't understand.
It would really be a trial and error and this is something which is really that very normal. You would really be able to make yourself that be able to observe on which one would be worth on following and on which one would really be not. You wont really be that do dumb on not to make those comparison.On the time that you've seen yourself on doing such trades and
making use of your own analysis then it will be normal that you will be making your own approach on things. You would be the ones will be making adjustments on the time
that you will be having those kind of experiences on different conditions or market movements.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: MUGNIA on August 31, 2024, 06:18:24 PM
Crypto signals are simply listened to, don't apply them 100% because sometimes the signals given are not according to plan, you need to analyze them again if you don't have the ability, it's better to trade on coins whose movements are easy to predict and trade in reasonable amounts.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Vision pro on August 31, 2024, 06:55:28 PM
Trading signals can be a valuable tool in the cryptocurrency market, but it's important to approach them with caution.Trading signals are recommendations or alerts generated by experienced traders, analysts, or automated systems. They often include details like when to buy or sell a specific cryptocurrency, stop-loss levels, and profit targets.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: rizqillah on August 31, 2024, 07:20:54 PM
Trading signals can be a valuable tool in the cryptocurrency market, but it's important to approach them with caution.Trading signals are recommendations or alerts generated by experienced traders, analysts, or automated systems. They often include details like when to buy or sell a specific cryptocurrency, stop-loss levels, and profit targets.
Trading signals are very helpful for me, but because I am currently quite busy in the real world, I have not traded for two months so I do not use it anymore. I am more focused on long-term holding and my real-world work,
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: taufik123 on August 31, 2024, 08:16:07 PM
Trading signals can be a valuable tool in the cryptocurrency market, but it's important to approach them with caution.Trading signals are recommendations or alerts generated by experienced traders, analysts, or automated systems. They often include details like when to buy or sell a specific cryptocurrency, stop-loss levels, and profit targets.
Trading signals are very helpful for me, but because I am currently quite busy in the real world, I have not traded for two months so I do not use it anymore. I am more focused on long-term holding and my real-world work,
LOL, don't be fooled by vague trading signals that only give you Buy and Sell numbers, when they are just a trick to get you to buy at the target they have planned for their own personal gain.

Or some trading signals are just copies from other groups and then sold as premium signals.
I have been involved with such trading signals for quite some time in telegram groups and many premium groups that I know of only copy other tarding signals and that are also set up so that the purchase is made on the sell order they place.

It is better for you to learn how to do technical and fundamental analysis well, so that you have a strong basic knowledge and can determine buying and selling in the market, do not just rely on unclear trading signals.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Faisal2202 on September 02, 2024, 05:03:27 PM
Trading signals can be a valuable tool in the cryptocurrency market, but it's important to approach them with caution.Trading signals are recommendations or alerts generated by experienced traders, analysts, or automated systems. They often include details like when to buy or sell a specific cryptocurrency, stop-loss levels, and profit targets.
I completely agree with you. I have significant experience with trading signals, and I can confidently say that you should never follow them blindly, even if they are shared by an influencer or a well-known trader. Always double-check and use those signals to enhance your own skills. In short, use those signals as a learning tool to explore new strategies and to verify whether your trading approach is on the right track.

Your last point is about the additional information included in some trades. Not every signal-provider group offers such information, but understanding the reasoning behind the signals is crucial. For beginners, this reasoning can serve as valuable knowledge to help kick-start their trading journey.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: |MINER| on September 04, 2024, 07:22:46 PM
Seeing trading is a risk, traders are always advised to do much research on their own before venturing into Crypto trading and also to trade as much as can be lost, and we all know that the bigger your capital, the bigger your profit. But viewing the crypto market, we see it is very hard to predict in person and even some prediction from analyst seems to be incorrect.
I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.

Trading signals should be relied upon but there are no guarantees either.  Because in the case of trading, the market can rise and fall at any time.  No one can give any advance message about trading.  But the rules of trading say to follow the trading She signal.  But no one can give any advance message about profit and loss of trading.  But a lot can be understood through market analysis.  As a trader one must follow the trading signals but not blindly trust them.  Trading should always be done with your own intelligence.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: nakmantu99 on September 07, 2024, 01:49:23 PM
Seeing trading is a risk, traders are always advised to do much research on their own before venturing into Crypto trading and also to trade as much as can be lost, and we all know that the bigger your capital, the bigger your profit. But viewing the crypto market, we see it is very hard to predict in person and even some prediction from analyst seems to be incorrect.
I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.

Trading signals should be relied upon but there are no guarantees either.  Because in the case of trading, the market can rise and fall at any time.  No one can give any advance message about trading.  But the rules of trading say to follow the trading She signal.  But no one can give any advance message about profit and loss of trading.  But a lot can be understood through market analysis.  As a trader one must follow the trading signals but not blindly trust them.  Trading should always be done with your own intelligence.
I agree with your words "Trading should always be done with your own intelligence" We can follow trading signals, but we must also have our own analysis. Because the crypto market is difficult to predict and we must be able to change our strategy if at any time there is a correction beyond our predictions.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Crypto Library on September 07, 2024, 02:10:59 PM
Seeing trading is a risk, traders are always advised to do much research on their own before venturing into Crypto trading and also to trade as much as can be lost, and we all know that the bigger your capital, the bigger your profit. But viewing the crypto market, we see it is very hard to predict in person and even some prediction from analyst seems to be incorrect.
I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.
This type of topic is appearing more and more now, I have already given my comments and suggestions in one. However, there is a reason for such topics to come up again and again because nowadays the advertisement of such crypto signaling groups on social media is increasing day by day.

However, my suggestion in this topic in the previous topics will be the same suggestion that if you want to invest in crypto currency, you must first have knowledge about it and then invest here.  You cannot be successful in investing or trading here by depending on others. And most of those who provide such signals are frauds and there is a huge risk in trading following their signals.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: satpol_PP on September 07, 2024, 03:23:44 PM
Seeing trading is a risk, traders are always advised to do much research on their own before venturing into Crypto trading and also to trade as much as can be lost, and we all know that the bigger your capital, the bigger your profit. But viewing the crypto market, we see it is very hard to predict in person and even some prediction from analyst seems to be incorrect.
I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.
This type of topic is appearing more and more now, I have already given my comments and suggestions in one. However, there is a reason
for such topics to come up again and again because nowadays the advertisement of such crypto signaling groups on social media is increasing day by day.

However, my suggestion in this topic in the previous topics will be the same suggestion that if you want to invest in crypto currency, you must first have knowledge about it and then invest here.  You cannot be successful in investing or trading here by depending on others. And most of those who provide such signals are frauds and there is a huge risk in trading following their signals.
I agree with you, it is better not to depend on other people, especially signals shared by those people. We have to learn trading by ourselves, seek knowledge and by learning we can gain experience. I also read there are two topics that discuss this, it is better to forget those lying signals
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: milewilda on September 07, 2024, 04:36:30 PM
Seeing trading is a risk, traders are always advised to do much research on their own before venturing into Crypto trading and also to trade as much as can be lost, and we all know that the bigger your capital, the bigger your profit. But viewing the crypto market, we see it is very hard to predict in person and even some prediction from analyst seems to be incorrect.
I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.
This type of topic is appearing more and more now, I have already given my comments and suggestions in one. However, there is a reason
for such topics to come up again and again because nowadays the advertisement of such crypto signaling groups on social media is increasing day by day.

However, my suggestion in this topic in the previous topics will be the same suggestion that if you want to invest in crypto currency, you must first have knowledge about it and then invest here.  You cannot be successful in investing or trading here by depending on others. And most of those who provide such signals are frauds and there is a huge risk in trading following their signals.
I agree with you, it is better not to depend on other people, especially signals shared by those people. We have to learn trading by ourselves, seek knowledge and by learning we can gain experience. I also read there are two topics that discuss this, it is better to forget those lying signals
Making yourself that dependent when it comes to trading signals or whatever trading positions you would really be having then this is something which it isnt really that recommended.
You would really be having that kind of problem on which it will really be happening on the time that those people whom you follow would be gone. You wont be finding yourself to be that progressive on the time that you would be going solo and there's no such skills that had been enhanced just because you are really that too reliant with others. If you are really that
mindful about on having that skill progress and enhancement then it will be always best that you should really be going solo trades and learn up accordingly into the things that you do encounter.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: LogitechMouse on September 07, 2024, 04:38:06 PM
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"Trading should always be done with your own intelligence" We can follow trading signals, but we must also have our own analysis. Because the crypto market is difficult to predict and we must be able to change our strategy if at any time there is a correction beyond our predictions.
Following trading signals? You saying that we can still do it? Isn't following their trading signal means that we are entering a position based on what these so-called experts are saying? If that's the case, then we don't need to do our own analysis anymore since there's already a signal and it's up to us if we will follow it or not. What you're saying is a bit contradicting.

Anyway in general, many don't recommend following these trading signals because they're not reliable, and it isn't a guarantee that you will make profit because of these signals. Most of them are being done by some people just to help them make money through further pump the token. Relying on them isn't advisable, isn't recommendable, and like what many are saying, it would always be better if you will just learn to trade yourself, and trade yourself as well. No relying on whoever.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: ajiz138 on September 07, 2024, 05:49:47 PM
I agree with you, it is better not to depend on other people, especially signals shared by those people. We have to learn trading by ourselves, seek knowledge and by learning we can gain experience. I also read there are two topics that discuss this, it is better to forget those lying signals
There is no signal that is 100% accurate and even that comes from the lure of VIP signals that must first pay before getting a signal or being included in the VIP signal group.

Seeing a signal is no problem as long as we do not swallow the signal given raw. It would be better if we re-analyze or compare the signal with the results of our analysis. We must develop all the time, and if we only rely on signals, then when will we develop?
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Asiska02 on September 07, 2024, 08:43:43 PM
I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.

I have seen people making a lot of money through signal subscription but it has a lot of impact if you’re going to be a long term trader and want to use it as a main source of income to your needs. Forex trading and Crypto trading signals are similar to me, they’ll only make you not to want to learn more by yourself but just depend on only the signals. Some are good signals while some are not, it depends on what you’re seeing the market as or what you want to achieve from the market before opting into the signal or not. Some signal providers will sugar coat that those that find it difficult to learn or too busy to learn can opt into signals, I find it not too convincing. Haven your own knowledge is the best thing you can do for yourself.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: vegasus on September 07, 2024, 11:15:13 PM
Crypto trading signal? If we only rely on that signal, then it is highly discouraged. Why?
Because, crypto signals from groups are usually shared when the signal owner has TP first. That's why, when we enter, there is no guarantee that the market will be in accordance with the predictions of the signal owners.

Even though it is a VIP paid signal, it does not guarantee that we can immediately profit from our crypto trading. This will still depend on our ability to analyze. If we only rely on that signal, then it is very unwise. Think more and consider more about this.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: SmartGold01 on September 07, 2024, 11:45:23 PM
Crypto trading signal? If we only rely on that signal, then it is highly discouraged. Why?
Because, crypto signals from groups are usually shared when the signal owner has TP first. That's why, when we enter, there is no guarantee that the market will be in accordance with the predictions of the signal owners.

Even though it is a VIP paid signal, it does not guarantee that we can immediately profit from our crypto trading. This will still depend on our ability to analyze. If we only rely on that signal, then it is very unwise. Think more and consider more about this.
This is one thing with newbie or some people because when they hears about crypto signal group it seems to them that immediately they jumped into the they automatically make profits without even having to study the coin they gonna trade to know if there's any liquidity or not, because there are some coins or tokens with a very low liquidity but immediately they received signals and jumped into it the project owners cash out with people's hand earned money.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Bobcrypto on September 08, 2024, 01:45:39 PM
I agree with you, it is better not to depend on other people, especially signals shared by those people. We have to learn trading by ourselves, seek knowledge and by learning we can gain experience. I also read there are two topics that discuss this, it is better to forget those lying signals
There is no signal that is 100% accurate and even that comes from the lure of VIP signals that must first pay before getting a signal or being included in the VIP signal group.

Seeing a signal is no problem as long as we do not swallow the signal given raw. It would be better if we re-analyze or compare the signal with the results of our analysis. We must develop all the time, and if we only rely on signals, then when will we develop?

Yes, you have well spoken, there are no signals that is 100% accurate on the crypto market everyday. There are at times where signal provider apologizes for some wrong signals, it could due to poor analysis. As humans, there could be some mistakes at some points, it can excepted by the community because nobody knows it all.
Now, signals are ways of getting it right from the more experienced traders but we can also add our personal inputs for better trading experiences in terms of strategy, risk tolerance, entry and exist criteria such as profit/loss margins, and reduced emotional reactions etc
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: ajiz138 on September 08, 2024, 04:10:38 PM
There is no signal that is 100% accurate and even that comes from the lure of VIP signals that must first pay before getting a signal or being included in the VIP signal group.

Seeing a signal is no problem as long as we do not swallow the signal given raw. It would be better if we re-analyze or compare the signal with the results of our analysis. We must develop all the time, and if we only rely on signals, then when will we develop?

Yes, you have well spoken, there are no signals that is 100% accurate on the crypto market everyday. There are at times where signal provider apologizes for some wrong signals, it could due to poor analysis. As humans, there could be some mistakes at some points, it can excepted by the community because nobody knows it all.
Now, signals are ways of getting it right from the more experienced traders but we can also add our personal inputs for better trading experiences in terms of strategy, risk tolerance, entry and exist criteria such as profit/loss margins, and reduced emotional reactions etc
And they will also provide a stop loss or take profit point from the signal they provide, that means they also anticipate that their signal could be wrong, therefore we should not fully trust the signal, even though it is a signal that "they say" is VIP.

usually those who use this kind of signal come from beginners, I will not blame them, because they do not have enough knowledge, so they are easy to lure.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Sim_card on September 08, 2024, 05:22:17 PM
Personally, I would not start my trading activities because I want to depend on other people to make profit. Trading signal is good but how would you know that it is legit and the person giving you those signals is a professional trader. A lot of signal groups are out on social media claiming they have made meillions from trading but they are all liars and are after the little money that you will use to subscribe when you have fallen victim for them. It is better that you learn trading gradually and understand how trading works with praticals, because you might be a good trader than whoever you are depending on for dignals.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Ujok on September 08, 2024, 05:56:44 PM
yes we need market trading signals so that it makes it easier for us to move forward and we also have to look for lots of information about the market, but it is very difficult to predict the market 100% and if you follow this method it is possible that you can predict the market only 50-80% more than that luck. but most people use this method so that starting trading is not random, even if we know the condition or impact of the coin you are going to buy.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Crypto Library on September 08, 2024, 06:45:13 PM
I agree with you, it is better not to depend on other people, especially signals shared by those people. We have to learn trading by ourselves, seek knowledge and by learning we can gain experience. I also read there are two topics that discuss this, it is better to forget those lying signals
Yesterday one of my friend ask me that if he invest in anywhere like about $50 is there any way to make a passive income from that, One of the reasons he asked me this question was that he had seen a promotional video on Facebook where a guy was saying that he had turned $50 into $8000 plus by giving just eight signals.

I first told him that making money is not so easy that you can make eight thousand dollars in one night from 50 dollars.  And those who give these tempting ads are scammers, they may ask you to deposit money on some other website and later you will see that you have lost your entire money.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: dekafee79 on September 11, 2024, 07:44:33 PM
I agree with you, it is better not to depend on other people, especially signals shared by those people. We have to learn trading by ourselves, seek knowledge and by learning we can gain experience. I also read there are two topics that discuss this, it is better to forget those lying signals
Yesterday one of my friend ask me that if he invest in anywhere like about $50 is there any way to make a passive income from that, One of the reasons he asked me this question was that he had seen a promotional video on Facebook where a guy was saying that he had turned $50 into $8000 plus by giving just eight signals.

I first told him that making money is not so easy that you can make eight thousand dollars in one night from 50 dollars.  And those who give these tempting ads are scammers, they may ask you to deposit money on some other website and later you will see that you have lost your entire money.
You are right, it is impossible with a capital of $ 50 we can get a profit of $ 8K in one night because it is clearly a scam. Many newbies are fooled by this because they do not understand investing in crypto and think that making money in crypto is very easy. Pity those who are lulled by the seduction of these scammers.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: legend45 on September 11, 2024, 08:15:23 PM
I agree with you, it is better not to depend on other people, especially signals shared by those people. We have to learn trading by ourselves, seek knowledge and by learning we can gain experience. I also read there are two topics that discuss this, it is better to forget those lying signals
Yesterday one of my friend ask me that if he invest in anywhere like about $50 is there any way to make a passive income from that, One of the reasons he asked me this question was that he had seen a promotional video on Facebook where a guy was saying that he had turned $50 into $8000 plus by giving just eight signals.

I first told him that making money is not so easy that you can make eight thousand dollars in one night from 50 dollars.  And those who give these tempting ads are scammers, they may ask you to deposit money on some other website and later you will see that you have lost your entire money.
You are right, it is impossible with a capital of $ 50 we can get a profit of $ 8K in one night because it is clearly a scam. Many newbies are fooled by this because they do not understand investing in crypto and think that making money in crypto is very easy. Pity those who are lulled by the seduction of these scammers.
If anyone can change a $50 capital into $8,000 overnight, I am also interested in participating in it and it is impossible to happen. If it happens, it relies on luck because no matter how great our analysis is, it is difficult to find a profit of 160x in one night. It is better to rely more on logic in investing and not do something that does not make sense, otherwise we will be disappointed in the end.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: pieppiep on September 11, 2024, 08:21:23 PM
I agree with you, it is better not to depend on other people, especially signals shared by those people. We have to learn trading by ourselves, seek knowledge and by learning we can gain experience. I also read there are two topics that discuss this, it is better to forget those lying signals
Yesterday one of my friend ask me that if he invest in anywhere like about $50 is there any way to make a passive income from that, One of the reasons he asked me this question was that he had seen a promotional video on Facebook where a guy was saying that he had turned $50 into $8000 plus by giving just eight signals.

I first told him that making money is not so easy that you can make eight thousand dollars in one night from 50 dollars.  And those who give these tempting ads are scammers, they may ask you to deposit money on some other website and later you will see that you have lost your entire money.
You are right, it is impossible with a capital of $ 50 we can get a profit of $ 8K in one night because it is clearly a scam. Many newbies are fooled by this because they do not understand investing in crypto and think that making money in crypto is very easy. Pity those who are lulled by the seduction of these scammers.
One must also understand the fact that people need time, knowledge and a good plan to succeed in investing. Of perhaps what a lot of sweet talking means is a shatter of expectations of quick riches for the targeted populace. It also involves learning and the ability to understand the market very well so as to be able to check on the kind of offers being offered.
 
As a community, we are able to educate the people with correct information and telling how we got scammed so no one else falls for it. By so doing, we can avoid or at least minimize the number of people who fall for the trick and assist them make better investment choices.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Crypto Library on September 11, 2024, 09:00:51 PM
You are right, it is impossible with a capital of $ 50 we can get a profit of $ 8K in one night because it is clearly a scam. Many newbies are fooled by this because they do not understand investing in crypto and think that making money in crypto is very easy. Pity those who are lulled by the seduction of these scammers.
You will be more surprised if you know that people are stepping into this kind of scams of their own free will.
This is because most of the people who look at cryptocurrency trading from afar think that cryptocurrency trading is a means to get rich easily and therefore most of the people fall into this kind of scam knowingly.
I would call such tempting offers as complete ponzi scams and people should work hard to get rich instead of getting rich easily. And I would also say don't think of crypto currency as a get rich scheme. And if you want to do trading, start trading only after getting knowledge from the authentic sides. If not, it will be like trading for profit and you are taking loss.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: SamReomo on September 11, 2024, 09:12:38 PM
And if you want to do trading, start trading only after getting knowledge from the authentic sides. If not, it will be like trading for profit and you are taking loss.
That's a very genuine advice, and anyone who follows it will surely get some benefits from it. From my own experience as a trader I can say that getting knowledge about trading and making your own trading strategy and trading plan is essential to make profit as a trader.

Those who don't learn those necessary things often end up losing money as a trader rather than making any profits. In bull run even newbies make money in trading but when bear market enters then the newbies will lose all the money that they made in bull market and only a few take the profits.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Captain Corporate on September 11, 2024, 09:15:44 PM
Its quite obvious that we are not going to really do much profit with something like this, in most cases people do not make much money with it and it would be smart to try to avoid using those. Its clear that signals have two potential place where they derive from, its either just some person thinking that something will go up and write that down, which is the worst possible way, and the other is a bit more logical but still bad which is that some person puts some indicators down and whenever it happens the alert shows everyone to buy it or sell it based on the indicator that the signal creator gives. Both terrible methods.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Gurujebs on September 11, 2024, 09:26:22 PM
That's a very genuine advice, and anyone who follows it will surely get some benefits from it. From my own experience as a trader I can say that getting knowledge about trading and making your own trading strategy and trading plan is essential to make profit as a trader.

Trading has its own knowledge that need to be practiced and you can't expect the experience you got from trading to be the same with when you make it experimental, there is going to be some mistakes and successful trading that comes with profit. You would y understand all of it until you try it see, you might change the first perspective you had when you were learning trading and when you are doing it.

Quote
Those who don't learn those necessary things often end up losing money as a trader rather than making any profits. In bull run even newbies make money in trading but when bear market enters then the newbies will lose all the money that they made in bull market and only a few take the profits.

You know they said that experienced is the best teacher. You will not understand trading fully until you put it into practice but unfortunately manet newbies that are into trading today don't learn the basic things about it but what I know is that if they don't do all this mistakes, there might not be any profits since everyone are been smart in the market and avoid losses.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Crypto Library on September 11, 2024, 09:33:09 PM
That's a very genuine advice, and anyone who follows it will surely get some benefits from it. From my own experience as a trader I can say that getting knowledge about trading and making your own trading strategy and trading plan is essential to make profit as a trader.

Those who don't learn those necessary things often end up losing money as a trader rather than making any profits. In bull run even newbies make money in trading but when bear market enters then the newbies will lose all the money that they made in bull market and only a few take the profits.
Actually this is our national problem, for example we don't invest when bitcoin price is low, and we rush to invest when bitcoin price goes up. I myself did not invest when Bitcoin fell to 15k because I had less knowledge about the market and now I understand that bear season is best for those who want to invest for long time. And for this, I have already started storing funds by targeting the next bear season so that I don't miss the opportunity to invest in bitcoin in the next bear season.
Actually, we should take a basic knowledge about fear and greed index where if greed level is high then the investment should not be done and when fear level is high then do not panic and hold coin and if possible adopt.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: _act_ on September 11, 2024, 09:52:44 PM
Being a trader, i must say that you will have to make use of the trading or market price indicators and signals as the case may be, doing this does not mean that you must also have to completely depend on them, trading has to do with the combination of different ideas from different perspective all together in other to arrive at a course, so make use of the indicators but don't rely on them.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: BitMaxz on September 11, 2024, 10:01:46 PM
Being a trader, i must say that you will have to make use of the trading or market price indicators and signals as the case may be, doing this does not mean that you must also have to completely depend on them, trading has to do with the combination of different ideas from different perspective all together in other to arrive at a course, so make use of the indicators but don't rely on them.

If the signals came from people that's not always a good idea but you can use it to compare it with your analysis if you know how to use indicators for signals you should be able to determine if the signal that you heard from others is completely different or you have the same analysis as the signal provided from someone else.

For me, better not to rely much on most of the crypto signals out there even the free apps available from playstore or appStore that provide signals don't actually give an explanation of how they get those signals. So it's advisable to learn more about the market and how to trade than just relying on signals.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: alltalk on September 11, 2024, 10:06:35 PM
Being a trader, i must say that you will have to make use of the trading or market price indicators and signals as the case may be, doing this does not mean that you must also have to completely depend on them, trading has to do with the combination of different ideas from different perspective all together in other to arrive at a course, so make use of the indicators but don't rely on them.
Of course, we need to use some indicators and signals. But surely we don't rely on them, we should have our own analysis. It will be very careless if we rely on other people's signals. It is not a wise way in trading, there is no guarantee the signals will be always true. Moreover, if we get from random people. However, if the signals from other people to be just another consideration on making our own analysis, it is no problem. I'm sure, every time we make our analysis, it should be through many considerations.

Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: LUCKMCFLY on September 11, 2024, 11:10:31 PM
I agree with you, it is better not to depend on other people, especially signals shared by those people. We have to learn trading by ourselves, seek knowledge and by learning we can gain experience. I also read there are two topics that discuss this, it is better to forget those lying signals
Yesterday one of my friend ask me that if he invest in anywhere like about $50 is there any way to make a passive income from that, One of the reasons he asked me this question was that he had seen a promotional video on Facebook where a guy was saying that he had turned $50 into $8000 plus by giving just eight signals.

I first told him that making money is not so easy that you can make eight thousand dollars in one night from 50 dollars.  And those who give these tempting ads are scammers, they may ask you to deposit money on some other website and later you will see that you have lost your entire money.

I have also come across these types of ads and the truth is that they are not at all trustworthy, do not fall for these ads, they can offer a lot and in the end it is nothing, you just have to start from something, if something is usually so good, there is not much of it, it will always be fulfilled, then it is strange when something so big is like that, and so easy, then I advise you not to fall into these traps, the worst thing is that those who offer it show a luxurious life and all that, but in the end it is pure montablje, none of them are like that, those who are like that do not offer it for anything, they stay with those secrets, nyo what I am saying is that one can believe in someone like that only when it is free, the rest not.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Agbe on September 17, 2024, 01:13:07 PM
Seeing trading is a risk, traders are always advised to do much research on their own before venturing into Crypto trading and also to trade as much as can be lost, and we all know that the bigger your capital, the bigger your profit. But viewing the crypto market, we see it is very hard to predict in person and even some prediction from analyst seems to be incorrect.
I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.

Relying on signals to trade is the same thing as relying on luck remember that not everyone that gives out trading signals is really an expert trader, it's very risky because you really don't know the effort they put in to study the charts or analyse the market. A lot of people that are new to forex trading don't dedicate their time to the learning process instead they just want to rush into the market and make money. Paying people you don't know to get signals might lead to a double loss it's better you take sometime to understand the Market yourself so you can develop and come up with your own strategies.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: gunhell16 on September 17, 2024, 02:38:08 PM
Seeing trading is a risk, traders are always advised to do much research on their own before venturing into Crypto trading and also to trade as much as can be lost, and we all know that the bigger your capital, the bigger your profit. But viewing the crypto market, we see it is very hard to predict in person and even some prediction from analyst seems to be incorrect.
I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.

What you see is correct: trading is really associated with risk when you carry out trading activity on any exchange, whether it is at the top of the market or not. Now, giving trust to a signal group depends on you if you have trust, even if you don't know him in person.

It's just like copy trading, where you entrust your money to someone who will do the trading for you, and he will only earn a percentage of the money you allocate to the trust that you give to the trader in the signal group. Although the risk is also quite high.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: alltalk on September 18, 2024, 11:34:38 PM
Relying on signals to trade is the same thing as relying on luck remember that not everyone that gives out trading signals is really an expert trader, it's very risky because you really don't know the effort they put in to study the charts or analyse the market. A lot of people that are new to forex trading don't dedicate their time to the learning process instead they just want to rush into the market and make money. Paying people you don't know to get signals might lead to a double loss it's better you take sometime to understand the Market yourself so you can develop and come up with your own strategies.
Exactly. If we rely on the signals or prediction made by other people, it is similar with relying on the luck. TBH, it is difficult to understand the signals because many of them are not trusted signals. Moreover if we rely on the free signals, it is very high risk because we don't know the reputation of the people who made the signals. Even for the paid signals, it also sometimes doesn't work as expected. I've joined both free and paid signal groups, none can give satisfying results. The best way is to make our own signal, we can analyze it ourselves. Why we must rely on the signals of other people if we can do it ourselves, right?  ;)

Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Sim_card on September 18, 2024, 11:42:13 PM
You are right, it is impossible with a capital of $ 50 we can get a profit of $ 8K in one night because it is clearly a scam. Many newbies are fooled by this because they do not understand investing in crypto and think that making money in crypto is very easy. Pity those who are lulled by the seduction of these scammers.
You will be more surprised if you know that people are stepping into this kind of scams of their own free will.
This is because most of the people who look at cryptocurrency trading from afar think that cryptocurrency trading is a means to get rich easily and therefore most of the people fall into this kind of scam knowingly.
I would call such tempting offers as complete ponzi scams and people should work hard to get rich instead of getting rich easily. And I would also say don't think of crypto currency as a get rich scheme. And if you want to do trading, start trading only after getting knowledge from the authentic sides. If not, it will be like trading for profit and you are taking loss.
If you think that trading is a get rich quick scheme it means that you will not ne able to take your time to learn and improve yourself on trading because you will ba fter making profit without having the skill on how to go about it. Trading ia complex and needs time and dedication if you want to be successful in it. Nothing good comes easy same with money making.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Crypto Library on September 19, 2024, 05:53:14 PM
If you think that trading is a get rich quick scheme it means that you will not ne able to take your time to learn and improve yourself on trading because you will ba fter making profit without having the skill on how to go about it. Trading ia complex and needs time and dedication if you want to be successful in it. Nothing good comes easy same with money making.
Main thing is making money on legal way isn't easy therefore need to hard work and dedication for it. And as far as I know there is no medium in the world where you can easily earn a lot of money from home without doing any work.
I am not talking about trading only if you want to earn as a web developer or digital marketer here also you have to devote regular time and keep yourself updated with it daily.  Same is the case with trading, sometimes it may take years for a trader to gain proper skills in trading analytics. And if you want to do this very easily by following other people's signals, it is natural that it will not be successful.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Gurujebs on September 19, 2024, 06:17:20 PM
If you think that trading is a get rich quick scheme it means that you will not ne able to take your time to learn and improve yourself on trading because you will ba fter making profit without having the skill on how to go about it. Trading ia complex and needs time and dedication if you want to be successful in it. Nothing good comes easy same with money making.

Anytime you try to explain the concept of crypto to some people, the other people that hasn't experienced bear market will think you are over thinking it you are trying to over caution them. I had many of them back then during the 2021 bull run and after they experienced the last crash, thr reality of cryptocurrency hit their chest and they experienced the bad side as they did with the good side.

Trading is profitable but it's not something you can accumulate in a short period. However, bull market has oriented some people that you can make so much profit in short period but as soon as they experienced the bear market, the reality become normal.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: kulkhan on September 19, 2024, 08:03:25 PM
If you think that trading is a get rich quick scheme it means that you will not ne able to take your time to learn and improve yourself on trading because you will ba fter making profit without having the skill on how to go about it. Trading ia complex and needs time and dedication if you want to be successful in it. Nothing good comes easy same with money making.
Main thing is making money on legal way isn't easy therefore need to hard work and dedication for it. And as far as I know there is no medium in the world where you can easily earn a lot of money from home without doing any work.
I am not talking about trading only if you want to earn as a web developer or digital marketer here also you have to devote regular time and keep yourself updated with it daily.  Same is the case with trading, sometimes it may take years for a trader to gain proper skills in trading analytics. And if you want to do this very easily by following other people's signals, it is natural that it will not be successful.
Acctually i am not agree with signal. I am sufferer from signal trading. Few months ago i joined a paid group and get signal for trading but i made a trade following signal in future trade but within few days i lost my all $500 fund.

I think own analyses is best in cryptocurrency trading. Who will get knowledge about trading and will experienced about it he will be successful today or tomorrow. But of anyone follow signal he will be losser today or tomorrow i believe it.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: milewilda on September 19, 2024, 08:11:26 PM
If you think that trading is a get rich quick scheme it means that you will not ne able to take your time to learn and improve yourself on trading because you will ba fter making profit without having the skill on how to go about it. Trading ia complex and needs time and dedication if you want to be successful in it. Nothing good comes easy same with money making.
Main thing is making money on legal way isn't easy therefore need to hard work and dedication for it. And as far as I know there is no medium in the world where you can easily earn a lot of money from home without doing any work.
I am not talking about trading only if you want to earn as a web developer or digital marketer here also you have to devote regular time and keep yourself updated with it daily.  Same is the case with trading, sometimes it may take years for a trader to gain proper skills in trading analytics. And if you want to do this very easily by following other people's signals, it is natural that it will not be successful.
Acctually i am not agree with signal. I am sufferer from signal trading. Few months ago i joined a paid group and get signal for trading but i made a trade following signal in future trade but within few days i lost my all $500 fund.

I think own analyses is best in cryptocurrency trading. Who will get knowledge about trading and will experienced about it he will be successful today or tomorrow. But of anyone follow signal he will be losser today or tomorrow i believe it.
On the moment that you would be having that bad experiences about signals given by someone but ending up on a loss then you would really be definitely be never be
looking back or would really be making out those realizations that its an utter shit thing for you to trust up someones advise when it comes into this aspect. It will really be
something that you will really be that making those learnings and this is where you would really be starting to trust up on your own calls and analysis of course which
we could really say that it would really be that worth on this way.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Crypto Library on September 19, 2024, 08:33:45 PM
Acctually i am not agree with signal. I am sufferer from signal trading. Few months ago i joined a paid group and get signal for trading but i made a trade following signal in future trade but within few days i lost my all $500 fund.

I think own analyses is best in cryptocurrency trading. Who will get knowledge about trading and will experienced about it he will be successful today or tomorrow. But of anyone follow signal he will be losser today or tomorrow i believe it.
Especially this mistake is done by most of us newbies, in the beginning, I made a mistake and I also lost a good amount even though it was not a future trade, I followed the signal and did a spot trade.
But when I understood the matter, I didn't go to trade by depending on others or following others' signals, and I banned those who wanted to do it. However, there are some people among my acquaintances who, despite repeated warnings, have traded futures one after another like an addiction to gambling, and so far they have told me that one person has lost more than 2000 dollars and another has lost more than 4 thousand dollars. I will say that if doing spot trading without knowing is bad, then doing future trading without knowing will be terribly bad.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: kulkhan on September 19, 2024, 09:01:18 PM
Acctually i am not agree with signal. I am sufferer from signal trading. Few months ago i joined a paid group and get signal for trading but i made a trade following signal in future trade but within few days i lost my all $500 fund.

I think own analyses is best in cryptocurrency trading. Who will get knowledge about trading and will experienced about it he will be successful today or tomorrow. But of anyone follow signal he will be losser today or tomorrow i believe it.
Especially this mistake is done by most of us newbies, in the beginning, I made a mistake and I also lost a good amount even though it was not a future trade, I followed the signal and did a spot trade.
But when I understood the matter, I didn't go to trade by depending on others or following others' signals, and I banned those who wanted to do it. However, there are some people among my acquaintances who, despite repeated warnings, have traded futures one after another like an addiction to gambling, and so far they have told me that one person has lost more than 2000 dollars and another has lost more than 4 thousand dollars. I will say that if doing spot trading without knowing is bad, then doing future trading without knowing will be terribly bad.
Yes you told perfect. Many newbies doing this mistake but also experienced traders also doing this mistake. I think we should avoid signal. Own recharce is good for trading either that were spot or future trading. And we should learn more and more about trading to profit in trading.  Without proper knowledge we will loser.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Aanuoluwatofunmi on September 19, 2024, 09:07:01 PM
Using the crypto signals is very important but relying on them may be dangerous to some extent because they are not predictable in most cases, there are ways in which we can make use of some of these signals and still uses our own personal efforts in getting more closer to accuracy in the trades and investment we are taking, one must not think in one direction only.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Crypto Library on September 19, 2024, 09:14:55 PM
Using the crypto signals is very important but relying on them may be dangerous to some extent because they are not predictable in most cases, there are ways in which we can make use of some of these signals and still uses our own personal efforts in getting more closer to accuracy in the trades and investment we are taking, one must not think in one direction only.
When I read the first sentence of your post I wanted to disagree with your opinion, then when I read the second sentence that you mentioned that those signals should be used through personal efforts, I agreed with your opinion.
Here I also want to say that to follow the signal one needs to have some analysis ability which many people do not have and they follow a signal like blind and invest their money and in the end they lose it. So when you get a signal it is best to verify it with your analysis skills and then invest your money. But I think it is best to invest or trade by analyzing yourself without using signals.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Agbe on September 21, 2024, 12:19:25 PM
I think trading in crypto market is very risky and unpredictable. So it is important to do your own research and be careful. And relying only on trading signals can be dangerous. Trading signals can be helpful but they are not always right. Even experts can make mistakes and following signals blindly can lead to big losses.

Signals should be used as guide not guarantee. You mentioned Forex trading so getting daily trading signals can be helpful but make sure to research signal provider and understand how they work. If your friend has had success with signal provider still be cautious and do not invest more than you can afford to lose. Always be careful and informed when trading in the crypto market.

So is it safe to rely on forex trading signals than crypto trading signals due to the high volatility in the crypto market? There are people who don't think having their own knowledge or experience is important because they just copy trades from different experts forgetting that these people can also make some miscalculations and they might also be copying from others, you never can tell. As you said signals should be used as a guide not a guarantee. I have a friend that trade forex he knows nothing about the market, I call him a copy trader, all he does is to just wait for signals before trading and this has affected him badly cause he has lost a lot of money. Having the knowledge can also make you a good trader
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Mr. Magkaisa on September 21, 2024, 12:54:54 PM
I think trading in crypto market is very risky and unpredictable. So it is important to do your own research and be careful. And relying only on trading signals can be dangerous. Trading signals can be helpful but they are not always right. Even experts can make mistakes and following signals blindly can lead to big losses.

Signals should be used as guide not guarantee. You mentioned Forex trading so getting daily trading signals can be helpful but make sure to research signal provider and understand how they work. If your friend has had success with signal provider still be cautious and do not invest more than you can afford to lose. Always be careful and informed when trading in the crypto market.

So is it safe to rely on forex trading signals than crypto trading signals due to the high volatility in the crypto market? There are people who don't think having their own knowledge or experience is important because they just copy trades from different experts forgetting that these people can also make some miscalculations and they might also be copying from others, you never can tell. As you said signals should be used as a guide not a guarantee. I have a friend that trade forex he knows nothing about the market, I call him a copy trader, all he does is to just wait for signals before trading and this has affected him badly cause he has lost a lot of money. Having the knowledge can also make you a good trader

       -      Maybe it's okay to trust or rely on a signal trader if you know him personally, but if he's anonymous, like you say, it's like you're just copying the trading activity he's doing, and that's what you're paying him. Although the only risk is that he can run the money you send him or he cannot.

But most of the time, when that happens, others are just fooled because of the false trust they gave to the signal trading group they joined. So it is right that we ourselves are the ones who have extensive knowledge in trading to get trading earnings in the end.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: nakmantu99 on September 21, 2024, 01:56:39 PM
I think trading in crypto market is very risky and unpredictable. So it is important to do your own research and be careful. And relying only on trading signals can be dangerous. Trading signals can be helpful but they are not always right. Even experts can make mistakes and following signals blindly can lead to big losses.

Signals should be used as guide not guarantee. You mentioned Forex trading so getting daily trading signals can be helpful but make sure to research signal provider and understand how they work. If your friend has had success with signal provider still be cautious and do not invest more than you can afford to lose. Always be careful and informed when trading in the crypto market.

So is it safe to rely on forex trading signals than crypto trading signals due to the high volatility in the crypto market? There are people who don't think having their own knowledge or experience is important because they just copy trades from different experts forgetting that these people can also make some miscalculations and they might also be copying from others, you never can tell. As you said signals should be used as a guide not a guarantee. I have a friend that trade forex he knows nothing about the market, I call him a copy trader, all he does is to just wait for signals before trading and this has affected him badly cause he has lost a lot of money. Having the knowledge can also make you a good trader

       -      Maybe it's okay to trust or rely on a signal trader if you know him personally, but if he's anonymous, like you say, it's like you're just copying the trading activity he's doing, and that's what you're paying him. Although the only risk is that he can run the money you send him or he cannot.

But most of the time, when that happens, others are just fooled because of the false trust they gave to the signal trading group they joined. So it is right that we ourselves are the ones who have extensive knowledge in trading to get trading earnings in the end.
My advice is to do your own research, don't trust trading signals, let alone join a paid VIP group, because many are fooled by promises to make your capital several times. I trust my own analysis more and do continuous trading practice to gain experience. I think this is better than trusting trading signals from people we don't know well.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: pieppiep on September 22, 2024, 04:17:55 AM
I think trading in crypto market is very risky and unpredictable. So it is important to do your own research and be careful. And relying only on trading signals can be dangerous. Trading signals can be helpful but they are not always right. Even experts can make mistakes and following signals blindly can lead to big losses.

Signals should be used as guide not guarantee. You mentioned Forex trading so getting daily trading signals can be helpful but make sure to research signal provider and understand how they work. If your friend has had success with signal provider still be cautious and do not invest more than you can afford to lose. Always be careful and informed when trading in the crypto market.

So is it safe to rely on forex trading signals than crypto trading signals due to the high volatility in the crypto market? There are people who don't think having their own knowledge or experience is important because they just copy trades from different experts forgetting that these people can also make some miscalculations and they might also be copying from others, you never can tell. As you said signals should be used as a guide not a guarantee. I have a friend that trade forex he knows nothing about the market, I call him a copy trader, all he does is to just wait for signals before trading and this has affected him badly cause he has lost a lot of money. Having the knowledge can also make you a good trader

       -      Maybe it's okay to trust or rely on a signal trader if you know him personally, but if he's anonymous, like you say, it's like you're just copying the trading activity he's doing, and that's what you're paying him. Although the only risk is that he can run the money you send him or he cannot.

But most of the time, when that happens, others are just fooled because of the false trust they gave to the signal trading group they joined. So it is right that we ourselves are the ones who have extensive knowledge in trading to get trading earnings in the end.
My advice is to do your own research, don't trust trading signals, let alone join a paid VIP group, because many are fooled by promises to make your capital several times. I trust my own analysis more and do continuous trading practice to gain experience. I think this is better than trusting trading signals from people we don't know well.
I could not agree more, when the person relies on his her own research and decide to learn it is one of the wise steps one could take in trading. Instead of concentrating on some of these signs from the other people especially from those people who are in a position to offer paid services and promising high profit returns, we should ensure that we improve our own knowledge and skills. That way we can make a lot of the decision ourselves and not be as easily swayed into frauds or false hopes. The technical skills, the professional experience and the discipline in trading will be much more important into the long run.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Rubel007 on September 22, 2024, 06:49:44 AM
I think trading in crypto market is very risky and unpredictable. So it is important to do your own research and be careful. And relying only on trading signals can be dangerous. Trading signals can be helpful but they are not always right. Even experts can make mistakes and following signals blindly can lead to big losses.

Signals should be used as guide not guarantee. You mentioned Forex trading so getting daily trading signals can be helpful but make sure to research signal provider and understand how they work. If your friend has had success with signal provider still be cautious and do not invest more than you can afford to lose. Always be careful and informed when trading in the crypto market.

So is it safe to rely on forex trading signals than crypto trading signals due to the high volatility in the crypto market? There are people who don't think having their own knowledge or experience is important because they just copy trades from different experts forgetting that these people can also make some miscalculations and they might also be copying from others, you never can tell. As you said signals should be used as a guide not a guarantee. I have a friend that trade forex he knows nothing about the market, I call him a copy trader, all he does is to just wait for signals before trading and this has affected him badly cause he has lost a lot of money. Having the knowledge can also make you a good trader

       -      Maybe it's okay to trust or rely on a signal trader if you know him personally, but if he's anonymous, like you say, it's like you're just copying the trading activity he's doing, and that's what you're paying him. Although the only risk is that he can run the money you send him or he cannot.

But most of the time, when that happens, others are just fooled because of the false trust they gave to the signal trading group they joined. So it is right that we ourselves are the ones who have extensive knowledge in trading to get trading earnings in the end.
My advice is to do your own research, don't trust trading signals, let alone join a paid VIP group, because many are fooled by promises to make your capital several times. I trust my own analysis more and do continuous trading practice to gain experience. I think this is better than trusting trading signals from people we don't know well.
Yes mate, it is never possible to become rich or own money depending on others. At one stage of trading I first joined a signal group and I took trades there as they suggested me. But the result is loss. The signals given by them were of such short duration that a buyer would not get a chance to profit from it after making a purchase. That is, following the signal is like losing one's wealth. Gaining knowledge and skills can be a strength for a trader if self confidence is gained.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Ujok on September 22, 2024, 11:05:37 AM
do not focus on the existing signal information even you have to add more knowledge of crypto news and the market with this maybe for traders often do it only in trading someone often makes coin price predictions but they guess it is not 100% correct only it can be a handle for trading. by having all that we trade will be easy and not easy to fall into losses.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: alltalk on September 24, 2024, 11:42:18 PM
do not focus on the existing signal information even you have to add more knowledge of crypto news and the market with this maybe for traders often do it only in trading someone often makes coin price predictions but they guess it is not 100% correct only it can be a handle for trading. by having all that we trade will be easy and not easy to fall into losses.
We shouldn't rely on signal information from other people if we have knowledge in analysis. We can make our own prediction through our research or analysis. It usually can ne more effective, it is because we surely do it seriously. Meanwhile the signal information from other people can be the fake one, or certain people want to take advantage by spreading the information.

Moreover, we must be independent as traders. We can rely on the other people. If we want to be successful traders, it is a must to independent traders.

Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: satpol_PP on September 25, 2024, 03:42:09 PM
do not focus on the existing signal information even you have to add more knowledge of crypto news and the market with this maybe for traders often do it only in trading someone often makes coin price predictions but they guess it is not 100% correct only it can be a handle for trading. by having all that we trade will be easy and not easy to fall into losses.
We shouldn't rely on signal information from other people if we have knowledge in analysis. We can make our own prediction through our research or analysis. It usually can ne more effective, it is because we surely do it seriously. Meanwhile the signal information from other people can be the fake one, or certain people want to take advantage by spreading the information.

Moreover, we must be independent as traders. We can rely on the other people. If we want to be successful traders, it is a must to independent traders.
I agree with your suggestion, we should have our own analysis and not have to rely on other people's analysis, if we only share analysis it is okay but we should not rely on it. If we have our own analysis we can learn and continue to train our skills in making analysis and predicting prices. Maybe we will become a professional in the future if we focus on it.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Agbe on September 25, 2024, 09:43:43 PM
I think trading in crypto market is very risky and unpredictable. So it is important to do your own research and be careful. And relying only on trading signals can be dangerous. Trading signals can be helpful but they are not always right. Even experts can make mistakes and following signals blindly can lead to big losses.

Signals should be used as guide not guarantee. You mentioned Forex trading so getting daily trading signals can be helpful but make sure to research signal provider and understand how they work. If your friend has had success with signal provider still be cautious and do not invest more than you can afford to lose. Always be careful and informed when trading in the crypto market.

Trading signals can be helpful if you understand the market and my reason for saying this is because instead of relying on other People's signals you can just make some adjustments according to your analysis and calculations. Copying trades without understanding the market can come with a lot of losses because you have no idea about the technicalities of the market, signals are meant for you to just compare with your own trade plans. Information is important in crypto trading, giving yourself enough time to learn would make you a more profitable trader
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: milewilda on September 25, 2024, 10:13:09 PM
I think trading in crypto market is very risky and unpredictable. So it is important to do your own research and be careful. And relying only on trading signals can be dangerous. Trading signals can be helpful but they are not always right. Even experts can make mistakes and following signals blindly can lead to big losses.

Signals should be used as guide not guarantee. You mentioned Forex trading so getting daily trading signals can be helpful but make sure to research signal provider and understand how they work. If your friend has had success with signal provider still be cautious and do not invest more than you can afford to lose. Always be careful and informed when trading in the crypto market.

Trading signals can be helpful if you understand the market and my reason for saying this is because instead of relying on other People's signals you can just make some adjustments according to your analysis and calculations. Copying trades without understanding the market can come with a lot of losses because you have no idea about the technicalities of the market, signals are meant for you to just compare with your own trade plans. Information is important in crypto trading, giving yourself enough time to learn would make you a more profitable trader
Not all informations shared on the internet are utterly giberrish or something useless on which there would really be those informations are really that worth to look on or consider out on adding up into your own analysis too. It all matters on how well you do able to understand and able to applied it out into your own trades on which it will really be that understandable
that it will really be not giving out guarantees about profitable trades but at least you have done something well which you do apply out various analysis it neither belongs to you solely or came from other soures which it doesnt matter though as long it would be able to benefit you out.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: rizqillah on September 26, 2024, 02:49:42 PM

Not all informations shared on the internet are utterly giberrish or something useless on which there would really be those informations are really that worth to look on or consider out on adding up into your own analysis too. It all matters on how well you do able to understand and able to applied it out into your own trades on which it will really be that understandable
that it will really be not giving out guarantees about profitable trades but at least you have done something well which you do apply out various analysis it neither belongs to you solely or came from other soures which it doesnt matter though as long it would be able to benefit you out.
I see that not all the information we read is true, we must find out about the truth, let alone trading signals that are shared, we must make our own analysis and try to compare it with the trading signal. And actually always believe in his own analysis. So that we can have the knowledge and experience that will later be matched in the future.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Vx1 on September 26, 2024, 06:48:17 PM
We can use crypto signals in trading, but we should not use one hundred percent of the information provided. And it would be better if before we make a choice, we do our own analysis. Because I agree that not all crypto signals from a channel or group provide accurate information. Stay careful with our money, because no one will care if we lose it.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: ajiz138 on September 26, 2024, 08:34:47 PM
We can use crypto signals in trading, but we should not use one hundred percent of the information provided. And it would be better if before we make a choice, we do our own analysis. Because I agree that not all crypto signals from a channel or group provide accurate information. Stay careful with our money, because no one will care if we lose it.
We can use the signal as a basis for comparison or in other words we can re-analyze whether the signal we see will be in line with the analysis we do. Do not swallow any signal raw, it is not bad but it is better for us to base it on our own analysis.

Many people get caught up in following the signal too much, because there is no guarantee that the signal given is the result of analysis or they just guess it.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Sukii on September 26, 2024, 11:01:06 PM
Well in my opinion I'm totally not against you relying on Crypto signals to trade it makes things easier in some way but I won't advice you to rely solely on them it is also very good to have your own knowledge about the current market and where you think it will go
There my be some scenarios where after your analysis you arr expecting a bearish trend but the signals you got said bullish
And you are so sure that it's bearish in such scenarios I say avoid the trade
Although you may be a skilled trader but they might be some things that you may have missed that that person saw and some things that you saw and that person missed
Well I hope this helps
This is my opinion though I'm always open for correction
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: satpol_PP on September 26, 2024, 11:23:44 PM
You know, op, it's your choice if you want to rely on the signal that other traders will tell you. Now,  if you prefer forex trading, it's better to ask the forex traders themselves, because most communities here relay on crypto trading and not on forex trading.

Also, it is not good that we rely on the signals of other traders to make money from trading, because we ourselves are the ones who get the profit because we have an idea or knowledge of conducting trading activity and we are confident in what we are doing in crypto trading like this. .

Well I don't think there's much difference between forex trading and crypto trading for me, they don't have much difference the only difference is crypto is more volatile than forex and you can get a faster results on crypto compared to forex.

Following a signal from someone else is not advisable sometimes it works based on their own perspective but I always recommend that you have your own analysis to make sure you are in a good position that is why you need to learn the basic thing to analyze the market without the basic you are likely betting to a position that you don't know the probability if you can win the trade or not.
All types of trading, both forex and crypto, we must have our own analysis. We can follow the signals given by others as a comparison with our analysis because we do not know the intentions and abilities of the person. Trading in crypto is more volatile than forex, so the possibility of getting profit in crypto is greater than forex.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Vx1 on September 27, 2024, 04:53:33 PM
We can use crypto signals in trading, but we should not use one hundred percent of the information provided. And it would be better if before we make a choice, we do our own analysis. Because I agree that not all crypto signals from a channel or group provide accurate information. Stay careful with our money, because no one will care if we lose it.
We can use the signal as a basis for comparison or in other words we can re-analyze whether the signal we see will be in line with the analysis we do. Do not swallow any signal raw, it is not bad but it is better for us to base it on our own analysis.

Many people get caught up in following the signal too much, because there is no guarantee that the signal given is the result of analysis or they just guess it.
That's what I mean, don't rely one hundred percent on crypto signals to trade. And it would be better if we also learn to do analysis, starting from the easy ones first. We can learn it from our trading experience, or also tutorials that we can currently easily get from social media for example. What is certain is that we should not rely entirely on crypto trading signals, still do independent analysis.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Mr. Magkaisa on September 27, 2024, 05:59:29 PM
I think trading in crypto market is very risky and unpredictable. So it is important to do your own research and be careful. And relying only on trading signals can be dangerous. Trading signals can be helpful but they are not always right. Even experts can make mistakes and following signals blindly can lead to big losses.

Signals should be used as guide not guarantee. You mentioned Forex trading so getting daily trading signals can be helpful but make sure to research signal provider and understand how they work. If your friend has had success with signal provider still be cautious and do not invest more than you can afford to lose. Always be careful and informed when trading in the crypto market.

Trading signals can be helpful if you understand the market and my reason for saying this is because instead of relying on other People's signals you can just make some adjustments according to your analysis and calculations. Copying trades without understanding the market can come with a lot of losses because you have no idea about the technicalities of the market, signals are meant for you to just compare with your own trade plans. Information is important in crypto trading, giving yourself enough time to learn would make you a more profitable trader

        -      What you said is good, @Agbe, and I also agree that the wise beat the ignorant, because if our knowledge of trading is broad and deep, it is certain that in the end the trading activity we will do will be profitable, which is not that we will need to join or join trading signal groups.

Joining trading signal groups depends on whether you know or trust them, but if you just saw them or someone said something, it's a bit risky because you'll be giving money or funds to a group that you don't really know.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Geey on September 27, 2024, 06:19:36 PM
relying on crypto signals is also needed in trading, it's just that if we rely on signals alone, I think it's very lacking, my suggestion is to add more knowledge in trading by looking for information or news about crypto or the market so that we have more knowledge. the decrease or increase in the price of coins is mostly caused by bad news about crypto and a small part of it from people who control the market, therefore we need more information if necessary we must provide input to each other in trading.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: ajiz138 on September 27, 2024, 06:40:34 PM
We can use the signal as a basis for comparison or in other words we can re-analyze whether the signal we see will be in line with the analysis we do. Do not swallow any signal raw, it is not bad but it is better for us to base it on our own analysis.

Many people get caught up in following the signal too much, because there is no guarantee that the signal given is the result of analysis or they just guess it.
That's what I mean, don't rely one hundred percent on crypto signals to trade. And it would be better if we also learn to do analysis, starting from the easy ones first. We can learn it from our trading experience, or also tutorials that we can currently easily get from social media for example. What is certain is that we should not rely entirely on crypto trading signals, still do independent analysis.
Now it is very easy to learn independently, as long as we want, there are actually many things we can find on various platforms. However, we also have to be smart in choosing content creators, for example, if we want to learn from them.

There is no reason in this era to say that everything is very difficult, because in the digital era like now it is very easy to find the latest information as our source for learning.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: dekafee79 on September 27, 2024, 10:46:36 PM
We can use the signal as a basis for comparison or in other words we can re-analyze whether the signal we see will be in line with the analysis we do. Do not swallow any signal raw, it is not bad but it is better for us to base it on our own analysis.

Many people get caught up in following the signal too much, because there is no guarantee that the signal given is the result of analysis or they just guess it.
That's what I mean, don't rely one hundred percent on crypto signals to trade. And it would be better if we also learn to do analysis, starting from the easy ones first. We can learn it from our trading experience, or also tutorials that we can currently easily get from social media for example. What is certain is that we should not rely entirely on crypto trading signals, still do independent analysis.
Now it is very easy to learn independently, as long as we want, there are actually many things we can find on various platforms. However, we also have to be smart in choosing content creators, for example, if we want to learn from them.

There is no reason in this era to say that everything is very difficult, because in the digital era like now it is very easy to find the latest information as our source for learning.
agreed independent learning is currently very easy we can watch youtube or search for other guide information. We can learn and start practicing with it. I agree with what you said because I also did that, at the beginning I learned about crypto without a mentor and was only active in the forum reading every member's comments and getting knowledge there.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: pieppiep on September 28, 2024, 08:58:01 AM
We can use the signal as a basis for comparison or in other words we can re-analyze whether the signal we see will be in line with the analysis we do. Do not swallow any signal raw, it is not bad but it is better for us to base it on our own analysis.

Many people get caught up in following the signal too much, because there is no guarantee that the signal given is the result of analysis or they just guess it.
That's what I mean, don't rely one hundred percent on crypto signals to trade. And it would be better if we also learn to do analysis, starting from the easy ones first. We can learn it from our trading experience, or also tutorials that we can currently easily get from social media for example. What is certain is that we should not rely entirely on crypto trading signals, still do independent analysis.
Now it is very easy to learn independently, as long as we want, there are actually many things we can find on various platforms. However, we also have to be smart in choosing content creators, for example, if we want to learn from them.

There is no reason in this era to say that everything is very difficult, because in the digital era like now it is very easy to find the latest information as our source for learning.
agreed independent learning is currently very easy we can watch youtube or search for other guide information. We can learn and start practicing with it. I agree with what you said because I also did that, at the beginning I learned about crypto without a mentor and was only active in the forum reading every member's comments and getting knowledge there.
Well, owing to the above aspects of technology, it has become easier for many people to learn on their own. From video tutorials, articles or random discussions we can gain knowledge at our own time and own understanding. This is a great chance for everybody who wants to understand the topic of crypto and especially airdrop, without preconditions and without having to listen to one’s mentors or attend special courses. That is because with the huge number of guides, which are available for free, we can immediately put our knowledge into practice.

Also by going through comments or even debating on forums we could learn quite a lot from other people’s experience, and sometimes even come across new techniques that could be used in achieving our goals that we wouldn’t necessarily be able to come up with on our own. It is nice to still find forums like this were people can share their experience and learn more about it further. In the end it does take commitment and a desire to keep on learning to because the outcome is, I have realised, in proportion to the efforts we put in.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: ajiz138 on September 28, 2024, 09:03:32 AM
Now it is very easy to learn independently, as long as we want, there are actually many things we can find on various platforms. However, we also have to be smart in choosing content creators, for example, if we want to learn from them.

There is no reason in this era to say that everything is very difficult, because in the digital era like now it is very easy to find the latest information as our source for learning.
agreed independent learning is currently very easy we can watch youtube or search for other guide information. We can learn and start practicing with it. I agree with what you said because I also did that, at the beginning I learned about crypto without a mentor and was only active in the forum reading every member's comments and getting knowledge there.
It will be easier if we are active in a forum like this, because we can ask more things and there will be those who answer them even from different perspectives and delivery methods.

Many beginners can finally understand a lot through a forum like this, especially since this forum is open. Even without asking, we can learn a lot, as long as we are willing to dive into the forum, because there are so many discussions that are actually repetitive, it's just that it drowns out because of new discussions.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: legend45 on October 01, 2024, 07:22:22 AM

It will be easier if we are active in a forum like this, because we can ask more things and there will be those who answer them even from different perspectives and delivery methods.

Many beginners can finally understand a lot through a forum like this, especially since this forum is open. Even without asking, we can learn a lot, as long as we are willing to dive into the forum, because there are so many discussions that are actually repetitive, it's just that it drowns out because of new discussions.
I learned more about crypto on the forum because the discussion is more complete and detailed, your suggestion is good if newbies are confused, it is better to ask on the forum because senior members will help to provide answers.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: tvplus006 on October 01, 2024, 09:51:59 AM
...Joining trading signal groups depends on whether you know or trust them, but if you just saw them or someone said something, it's a bit risky because you'll be giving money or funds to a group that you don't really know.

It should be understood that only 1 participant in a trading group consistently makes a profit and this is the owner of this group, who, regardless of the accuracy of the signal, always makes a profit due to the signal fee.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Dzwaafu11 on October 01, 2024, 01:26:34 PM
Seeing trading is a risk, traders are always advised to do much research on their own before venturing into Crypto trading and also to trade as much as can be lost, and we all know that the bigger your capital, the bigger your profit. But viewing the crypto market, we see it is very hard to predict in person and even some prediction from analyst seems to be incorrect.

You have already said what I want to say here, since you know that trading is very risky and also that professionals make wrong predictions sometimes, which means they also lose money in their trade. This should be a reason for you to trade on your own, not until someone places a signal of their trade before you copy the signal and trade. You should know that doing it on your own is the best; it will even give you more confidence in your trade.

Quote
I would  love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.

It is not advisable to rely on trading signals before you trade. Find your own way, strategy, and other things that will favour your trading experience. Relying on signals will not make you a professional trader since you are copying from another person, so it’s better you do it on your own. Just make sure you have the knowledge; you are good to go.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: dekafee79 on October 01, 2024, 09:48:59 PM
...Joining trading signal groups depends on whether you know or trust them, but if you just saw them or someone said something, it's a bit risky because you'll be giving money or funds to a group that you don't really know.

It should be understood that only 1 participant in a trading group consistently makes a profit and this is the owner of this group, who, regardless of the accuracy of the signal, always makes a profit due to the signal fee.
You are right,😁 I also have the same thought the owner of the trading signal group will always get profit but I am not sure the members will get the same thing. I am not a person who believes in trading signals shared by someone because I have a thought that if he is an expert he will focus on trading and have no time to take care of the group.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Ujok on October 01, 2024, 09:55:26 PM
...Joining trading signal groups depends on whether you know or trust them, but if you just saw them or someone said something, it's a bit risky because you'll be giving money or funds to a group that you don't really know.

It should be understood that only 1 participant in a trading group consistently makes a profit and this is the owner of this group, who, regardless of the accuracy of the signal, always makes a profit due to the signal fee.
You are right,😁 I also have the same thought the owner of the trading signal group will always get profit but I am not sure the members will get the same thing. I am not a person who believes in trading signals shared by someone because I have a thought that if he is an expert he will focus on trading and have no time to take care of the group.
I think relying on signals is not good, as you said earlier it is true that it makes them get a lot of profit but not for us, sometimes people who follow signals for example in groups that get profit are definitely the ones who give the signals... this is just someone's game and this is a trend, but there are so many people who follow this so that many experience losses from relying on signals.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: milewilda on October 01, 2024, 10:26:31 PM
...Joining trading signal groups depends on whether you know or trust them, but if you just saw them or someone said something, it's a bit risky because you'll be giving money or funds to a group that you don't really know.

It should be understood that only 1 participant in a trading group consistently makes a profit and this is the owner of this group, who, regardless of the accuracy of the signal, always makes a profit due to the signal fee.
You are right,😁 I also have the same thought the owner of the trading signal group will always get profit but I am not sure the members will get the same thing. I am not a person who believes in trading signals shared by someone because I have a thought that if he is an expert he will focus on trading and have no time to take care of the group.
I think relying on signals is not good, as you said earlier it is true that it makes them get a lot of profit but not for us, sometimes people who follow signals for example in groups that get profit are definitely the ones who give the signals... this is just someone's game and this is a trend, but there are so many people who follow this so that many experience losses from relying on signals.
If you do have plans on trying out to make yourself becoming a better trader, then following some trading tips and hints will really be that not making you a progressive trader.
Why? Its obvious that you are really just that following on someones trades and not be able to make on your own and this is where you would really be that lacking.
It will really be that important that you should really be wary at least on the things that you are dealing into.If you wanted to become a professional or be good at it,
then you should really be trying out to make your own analysis or simply wont really be relying into others.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: tvplus006 on October 02, 2024, 12:44:01 AM
You are right,😁 I also have the same thought the owner of the trading signal group will always get profit but I am not sure the members will get the same thing. I am not a person who believes in trading signals shared by someone because I have a thought that if he is an expert he will focus on trading and have no time to take care of the group.

I quite often see owners of channels with signals deleting their messages with signals when they are not performed. Therefore, when a beginner joins such a channel, he sees that all the signals are correct and have fully worked out.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: bitterguy28 on October 02, 2024, 02:08:52 AM
It should be understood that only 1 participant in a trading group consistently makes a profit and this is the owner of this group, who, regardless of the accuracy of the signal, always makes a profit due to the signal fee.
You are right,😁 I also have the same thought the owner of the trading signal group will always get profit but I am not sure the members will get the same thing. I am not a person who believes in trading signals shared by someone because I have a thought that if he is an expert he will focus on trading and have no time to take care of the group.
every trader should really focus on oneself because even the expert will put himself above anyone else even if you say that the expert has showed genuine care for the members if it came down to choosing for himself or the members it would obviously be him i know a lot of us are desperate to learn how to trade because it seems to be hugely profitable but if you do not put enough effort to actually learn how to do it, you will be in trouble in the long run so just learn it now and be patient everyone starts off with no knowledge and no experience but these two can be built
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Mia Chloe on October 02, 2024, 08:22:02 AM
Seeing trading is a risk, traders are always advised to do much research on their own before venturing into Crypto trading and also to trade as much as can be lost, and we all know that the bigger your capital, the bigger your profit. But viewing the crypto market, we see it is very hard to predict in person and even some prediction from analyst seems to be incorrect.
Well I don't and I have never fancied copying signals to place a trade because I personally believe it's lame and not helpful. It's just almost like being a dummy controlled into the market rather than knowing why you placed the trade or what makes the trade valid , you just delve into the market with the sole intuition that the trade goes as you were told and then wait for your take profit.

However it may not seem like much but copy traders really aren't improving in their approach to the market especially in the aspect of technical analysis. Real traders who analyse by themselves place trades because the market at that moment obeys their confirmation. However a copy trader wouldn't really be able to tell is the trade has been invalidated.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: royalRitta on October 02, 2024, 09:08:12 AM
Seeing trading is a risk, traders are always advised to do much research on their own before venturing into Crypto trading and also to trade as much as can be lost, and we all know that the bigger your capital, the bigger your profit. But viewing the crypto market, we see it is very hard to predict in person and even some prediction from analyst seems to be incorrect.
Well I don't and I have never fancied copying signals to place a trade because I personally believe it's lame and not helpful. It's just almost like being a dummy controlled into the market rather than knowing why you placed the trade or what makes the trade valid , you just delve into the market with the sole intuition that the trade goes as you were told and then wait for your take profit.

However it may not seem like much but copy traders really aren't improving in their approach to the market especially in the aspect of technical analysis. Real traders who analyse by themselves place trades because the market at that moment obeys their confirmation. However a copy trader wouldn't really be able to tell is the trade has been invalidated.

I too think that trading yourself is more beneficial in the long run. Nobody says for you what to do or not to do, and you can analyze things yourself, also nobody would be arguably blamed for a bad position besides yourself in that case.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: satpol_PP on October 04, 2024, 10:37:07 PM
Seeing trading is a risk, traders are always advised to do much research on their own before venturing into Crypto trading and also to trade as much as can be lost, and we all know that the bigger your capital, the bigger your profit. But viewing the crypto market, we see it is very hard to predict in person and even some prediction from analyst seems to be incorrect.
Well I don't and I have never fancied copying signals to place a trade because I personally believe it's lame and not helpful. It's just almost like being a dummy controlled into the market rather than knowing why you placed the trade or what makes the trade valid , you just delve into the market with the sole intuition that the trade goes as you were told and then wait for your take profit.

However it may not seem like much but copy traders really aren't improving in their approach to the market especially in the aspect of technical analysis. Real traders who analyse by themselves place trades because the market at that moment obeys their confirmation. However a copy trader wouldn't really be able to tell is the trade has been invalidated.
You are right professional traders will do their own research and analysis because they are skilled, they learn nature and have knowledge and experience in trading so they make their own analysis. I am not a professional trader because I still often make mistakes in predicting, but I never follow other people's trading signals.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: bhadz on October 04, 2024, 10:44:27 PM
No. It is not advisable at all because the seller of the signal could be a good trader but not at all times, the trades they make are profitable. Also, the benefits of getting signal is only good for the seller and the ones that make it but not to the buyers and people that are only awaits for the call. Don't rely on it, learn how to trade and use that signals money for you to start with with potential failures while learning trading strategies.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Mia Chloe on October 04, 2024, 10:49:33 PM
You are right professional traders will do their own research and analysis because they are skilled, they learn nature and have knowledge and experience in trading so they make their own analysis. I am not a professional trader because I still often make mistakes in predicting, but I never follow other people's trading signals.
Of course. Let's come to evaluate the whole stuff, you will notice that copy traders are usually people either not having enough time to analyse charts or aren't generally good at it and my resolve for that is to actually put in more time to understand technical parts of the market before placing a trade. Traders that copy trade are clueless sometimes apart from the fact that they set their SL and TP the really don't know when to manually exit a trade if probably something like an invalidation happens that will prompt a technical trader to exit.

Yes trading itself can be quite difficult especially when dealing with technical analysis but the truth is being a full-time copy trader isn't the best solution.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: milewilda on October 05, 2024, 07:12:46 AM
You are right professional traders will do their own research and analysis because they are skilled, they learn nature and have knowledge and experience in trading so they make their own analysis. I am not a professional trader because I still often make mistakes in predicting, but I never follow other people's trading signals.
Of course. Let's come to evaluate the whole stuff, you will notice that copy traders are usually people either not having enough time to analyse charts or aren't generally good at it and my resolve for that is to actually put in more time to understand technical parts of the market before placing a trade. Traders that copy trade are clueless sometimes apart from the fact that they set their SL and TP the really don't know when to manually exit a trade if probably something like an invalidation happens that will prompt a technical trader to exit.

Yes trading itself can be quite difficult especially when dealing with technical analysis but the truth is being a full-time copy trader isn't the best solution.
Most of the time on which this is really indeed true on where those people who doesnt have that much time nor even have the plans on learning up trding on their own.
We do know that ths is something a skill that you wont really be that just simply make yourself to be able to learn up in a short period of time. It will really be that understandable
that you would really be that needing to engage up actively on dealing up with the market and trading up on according into the market movement.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: rizqillah on October 05, 2024, 04:01:45 PM

Most of the time on which this is really indeed true on where those people who doesnt have that much time nor even have the plans on learning up trding on their own.
We do know that ths is something a skill that you wont really be that just simply make yourself to be able to learn up in a short period of time. It will really be that understandable
that you would really be that needing to engage up actively on dealing up with the market and trading up on according into the market movement.
As many people say, trading takes a long time to practice so that we have skills and expertise because it is not easy and takes a process to become an expert. It can even take 5-7 years to become a professional trader, this is what I read here comments from other members.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: alltalk on October 06, 2024, 05:12:13 PM
I agree with your suggestion, we should have our own analysis and not have to rely on other people's analysis, if we only share analysis it is okay but we should not rely on it. If we have our own analysis we can learn and continue to train our skills in making analysis and predicting prices. Maybe we will become a professional in the future if we focus on it.
I think every trader must have the intention to have the ability to make own prediction. We will never be an independent trader if we always rely on other people predictions. If we always improve out ability in trading, it is surely not impossible that we can be professional traders in the future. Even we only become average traders, we can be proud because we do it with our own ways. But if we rely on other people ability, we will never be proud with our trading achievement.

Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: SmartGold01 on October 17, 2024, 10:23:49 PM
I agree with your suggestion, we should have our own analysis and not have to rely on other people's analysis, if we only share analysis it is okay but we should not rely on it. If we have our own analysis we can learn and continue to train our skills in making analysis and predicting prices. Maybe we will become a professional in the future if we focus on it.
I think every trader must have the intention to have the ability to make own prediction. We will never be an independent trader if we always rely on other people predictions. If we always improve out ability in trading, it is surely not impossible that we can be professional traders in the future. Even we only become average traders, we can be proud because we do it with our own ways. But if we rely on other people ability, we will never be proud with our trading achievement.
That is why i don't really encourage closet to use a signal or someone predictions to trade because whenever that person is not active to give them that signal it surely affects them and they can never become professional in trading, the thing is we should try to discover ourselves or and learn to do things ourselves to prepare us for a better tomorrow.
Trading with self analysis helps more than either copy trading or totally relying on someone to disburse information about a particular coin/token.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Hisbullah on October 24, 2024, 01:52:38 PM

That is why i don't really encourage closet to use a signal or someone predictions to trade because whenever that person is not active to give them that signal it surely affects them and they can never become professional in trading, the thing is we should try to discover ourselves or and learn to do things ourselves to prepare us for a better tomorrow.
Trading with self analysis helps more than either copy trading or totally relying on someone to disburse information about a particular coin/token.
I agree with what you said, in trading we must make our own analysis, develop our own strategy and never rely on signals from others. By learning by ourselves we will become trained and smart in making analysis. because in trading it takes time to learn and have sufficient skills.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: MUGNIA on October 24, 2024, 03:13:29 PM
I agree with your suggestion, we should have our own analysis and not have to rely on other people's analysis, if we only share analysis it is okay but we should not rely on it. If we have our own analysis we can learn and continue to train our skills in making analysis and predicting prices. Maybe we will become a professional in the future if we focus on it.
I think every trader must have the intention to have the ability to make own prediction. We will never be an independent trader if we always rely on other people predictions. If we always improve out ability in trading, it is surely not impossible that we can be professional traders in the future. Even we only become average traders, we can be proud because we do it with our own ways. But if we rely on other people ability, we will never be proud with our trading achievement.
That is why i don't really encourage closet to use a signal or someone predictions to trade because whenever that person is not active to give them that signal it surely affects them and they can never become professional in trading, the thing is we should try to discover ourselves or and learn to do things ourselves to prepare us for a better tomorrow.
Trading with self analysis helps more than either copy trading or totally relying on someone to disburse information about a particular coin/token.

I agree with you about trading signals, my basic reason is because I have attended signal classes, I didn't get much profit, many signals were wrong and gave me losses, the effect of curiosity
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: SmartGold01 on October 24, 2024, 08:24:33 PM

That is why i don't really encourage closet to use a signal or someone predictions to trade because whenever that person is not active to give them that signal it surely affects them and they can never become professional in trading, the thing is we should try to discover ourselves or and learn to do things ourselves to prepare us for a better tomorrow.
Trading with self analysis helps more than either copy trading or totally relying on someone to disburse information about a particular coin/token.
I agree with what you said, in trading we must make our own analysis, develop our own strategy and never rely on signals from others. By learning by ourselves we will become trained and smart in making analysis. because in trading it takes time to learn and have sufficient skills.
When we trade by ourselves it gives us that confident to enter market when we feels and whenever we have new coin launched there would be time to study about that coin to know whether it is right time to venture or not, but if we entirely rely on people to give us signal they may cause us to enter market when we are not meant to enter trade and if that person loses entirely in that trade we also lose since it's like more of a copy trade, even though we are not using same tools to trade but it's same information we entering the market and is very dangerous.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: bayu7adi on October 25, 2024, 06:07:27 AM
I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.
Maybe my suggestion, you can try it for some time first, like one month or two months... there you will find out some difficulties that you will find, such as timing for entry which is sometimes too late... or even timing for exit which is sometimes too late because maybe too greedy... by trying to use a small nominal, it is hoped that you can understand the mechanism more deeply...

Sometimes it is also useless to give advice to someone, because everyone's investment style is different, so it might not be suitable for the person giving the advice, but it is suitable for the person being given the advice... there is no harm in trying, right?
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: bitterguy28 on October 25, 2024, 08:52:58 AM
Sometimes it is also useless to give advice to someone, because everyone's investment style is different, so it might not be suitable for the person giving the advice, but it is suitable for the person being given the advice... there is no harm in trying, right?
well the harm would be you losing money so if you want to try out other people’s advice, try not to put all of your money just yet start somewhere small and cut yourself some slack of course we are trying to avoid as much mistakes as possible but these mistakes are the ones to teach us what should we or shouldn’t do in the future eventually you’ll learn about the most suitable way of trading for you by trying out different ones
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Lauris.x on October 25, 2024, 09:53:03 AM
The only advice I have for you is to get proper training, because people fear what they do not understand. It’s true that you can’t know everything about trading, but make an effort to learn the basics to inform your decisions. This way, you will develop your own analysis alongside the trading signals you receive from your signal provider. You can then take positions when your predictions align with those of your signal provider.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: dave_strider on October 25, 2024, 02:04:08 PM
The only advice I have for you is to get proper training, because people fear what they do not understand. It’s true that you can’t know everything about trading, but make an effort to learn the basics to inform your decisions. This way, you will develop your own analysis alongside the trading signals you receive from your signal provider. You can then take positions when your predictions align with those of your signal provider.

Surely, signals - can - be helpful, but they shouldn't be the prophet of sorts for your actions - you decide where you enter and leave as well.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Sim_card on October 25, 2024, 04:58:02 PM
I agree with your suggestion, we should have our own analysis and not have to rely on other people's analysis, if we only share analysis it is okay but we should not rely on it. If we have our own analysis we can learn and continue to train our skills in making analysis and predicting prices. Maybe we will become a professional in the future if we focus on it.
I think every trader must have the intention to have the ability to make own prediction. We will never be an independent trader if we always rely on other people predictions. If we always improve out ability in trading, it is surely not impossible that we can be professional traders in the future. Even we only become average traders, we can be proud because we do it with our own ways. But if we rely on other people ability, we will never be proud with our trading achievement.
That is why i don't really encourage closet to use a signal or someone predictions to trade because whenever that person is not active to give them that signal it surely affects them and they can never become professional in trading, the thing is we should try to discover ourselves or and learn to do things ourselves to prepare us for a better tomorrow.
Trading with self analysis helps more than either copy trading or totally relying on someone to disburse information about a particular coin/token.
People who are lazy and think of getting rich quick with trading are theones using copy trading without understanding anything about the market. Depending on trading signals to trade has made a lot of people fall victim to scammers, and the funny thing is that, some people will go as far as sending funds to someone they don't know face to face to trade for them. Trading is best done by yourself so that you can improve through your experience in the market. Whoever is into copy trading is gambling.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: milewilda on October 25, 2024, 07:35:00 PM
The only advice I have for you is to get proper training, because people fear what they do not understand. It’s true that you can’t know everything about trading, but make an effort to learn the basics to inform your decisions. This way, you will develop your own analysis alongside the trading signals you receive from your signal provider. You can then take positions when your predictions align with those of your signal provider.

Surely, signals - can - be helpful, but they shouldn't be the prophet of sorts for your actions - you decide where you enter and leave as well.
Only lazy fellas are the ones who would really be that tending to follow up some traders in regarding into their trading positions and wont really be that minding whether to oppose or agree on such trading entry. For those who dont have plans on improving their trading skills and knowledge then this is the path that they would really be taking but for those who do have plans or
thinking up on improving their trading knowledge then they would really be that trying out their best to make their own trading decisions and engaging with the market personally
without trying out to follow someone. Its not bad to snip out other traders idea and set ups but you are still the ones who do make out that final decision.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: gunhell16 on October 25, 2024, 07:54:36 PM

That is why i don't really encourage closet to use a signal or someone predictions to trade because whenever that person is not active to give them that signal it surely affects them and they can never become professional in trading, the thing is we should try to discover ourselves or and learn to do things ourselves to prepare us for a better tomorrow.
Trading with self analysis helps more than either copy trading or totally relying on someone to disburse information about a particular coin/token.
I agree with what you said, in trading we must make our own analysis, develop our own strategy and never rely on signals from others. By learning by ourselves we will become trained and smart in making analysis. because in trading it takes time to learn and have sufficient skills.

It's really different that we ourselves do our own trading activity to get profit. It's even better that we work hard and work ourselves to earn money from crypto trading. Instead of relying on others, we can make money here in the crypto world.

Although trading is not easy to learn, if we learn the right technique, it will benefit us in the long term, and we can even pass it on to people who are important
to us in the future.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: dekafee79 on October 25, 2024, 10:18:28 PM

It's really different that we ourselves do our own trading activity to get profit. It's even better that we work hard and work ourselves to earn money from crypto trading. Instead of relying on others, we can make money here in the crypto world.

Although trading is not easy to learn, if we learn the right technique, it will benefit us in the long term, and we can even pass it on to people who are important
to us in the future.
The process of learning to become a professional trader takes a long time and we should learn it ourselves, because by doing research, observing and making our own analysis we will be more skilled and have expertise in trading. Trading does not have to rely on others, but we must have our own ability to do it.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: SmartGold01 on October 26, 2024, 03:38:48 AM
I agree with your suggestion, we should have our own analysis and not have to rely on other people's analysis, if we only share analysis it is okay but we should not rely on it. If we have our own analysis we can learn and continue to train our skills in making analysis and predicting prices. Maybe we will become a professional in the future if we focus on it.
I think every trader must have the intention to have the ability to make own prediction. We will never be an independent trader if we always rely on other people predictions. If we always improve out ability in trading, it is surely not impossible that we can be professional traders in the future. Even we only become average traders, we can be proud because we do it with our own ways. But if we rely on other people ability, we will never be proud with our trading achievement.
That is why i don't really encourage closet to use a signal or someone predictions to trade because whenever that person is not active to give them that signal it surely affects them and they can never become professional in trading, the thing is we should try to discover ourselves or and learn to do things ourselves to prepare us for a better tomorrow.
Trading with self analysis helps more than either copy trading or totally relying on someone to disburse information about a particular coin/token.
People who are lazy and think of getting rich quick with trading are theones using copy trading without understanding anything about the market. Depending on trading signals to trade has made a lot of people fall victim to scammers, and the funny thing is that, some people will go as far as sending funds to someone they don't know face to face to trade for them. Trading is best done by yourself so that you can improve through your experience in the market. Whoever is into copy trading is gambling.
Yeah you are right, anyone who follows signals to trade shows the narratives of gambling and it's very risky to follow signal group to trade because most times when the information goes wrong they lose entirely. That's why we must learn to analyze the market by ourselves than waiting someone else to do that before entering market.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Themepen on October 26, 2024, 05:36:28 AM
Only lazy fellas are the ones who would really be that tending to follow up some traders in regarding into their trading positions and wont really be that minding whether to oppose or agree on such trading entry. For those who dont have plans on improving their trading skills and knowledge then this is the path that they would really be taking but for those who do have plans or
thinking up on improving their trading knowledge then they would really be that trying out their best to make their own trading decisions and engaging with the market personally
without trying out to follow someone. Its not bad to snip out other traders idea and set ups but you are still the ones who do make out that final decision.
I completely agree with this view. People who lack motivation are ones who will follow other traders decisions without thinking critically. Traders who want to improve and succeed should make their own informed decisions by staying actively involved in market.

Well it is OK to get ideas from others each trader is responsible for their own decisions. Relying only on others ideas without doing your own research can stop you from learning and growing as trader. Making your own trading decisions helps you stay accountable and adapt to changes and achieve success in long run.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: jeraldskie11 on October 26, 2024, 12:25:23 PM
I agree with your suggestion, we should have our own analysis and not have to rely on other people's analysis, if we only share analysis it is okay but we should not rely on it. If we have our own analysis we can learn and continue to train our skills in making analysis and predicting prices. Maybe we will become a professional in the future if we focus on it.
I think every trader must have the intention to have the ability to make own prediction. We will never be an independent trader if we always rely on other people predictions. If we always improve out ability in trading, it is surely not impossible that we can be professional traders in the future. Even we only become average traders, we can be proud because we do it with our own ways. But if we rely on other people ability, we will never be proud with our trading achievement.
That is why i don't really encourage closet to use a signal or someone predictions to trade because whenever that person is not active to give them that signal it surely affects them and they can never become professional in trading, the thing is we should try to discover ourselves or and learn to do things ourselves to prepare us for a better tomorrow.
Trading with self analysis helps more than either copy trading or totally relying on someone to disburse information about a particular coin/token.
People who are lazy and think of getting rich quick with trading are theones using copy trading without understanding anything about the market. Depending on trading signals to trade has made a lot of people fall victim to scammers, and the funny thing is that, some people will go as far as sending funds to someone they don't know face to face to trade for them. Trading is best done by yourself so that you can improve through your experience in the market. Whoever is into copy trading is gambling.
Yeah you are right, anyone who follows signals to trade shows the narratives of gambling and it's very risky to follow signal group to trade because most times when the information goes wrong they lose entirely. That's why we must learn to analyze the market by ourselves than waiting someone else to do that before entering market.
Usually those who follow trading signals are beginners in trading. They are being fooled by their winning trades without knowing how much loses they took in order to win a trade. Some mentors are not real trader, they are relying their profit not in their trades but in their mentees. I am saying this because I experienced this when I was a new trader, and this is the reason why I won't recommend anyone to rely in Crypto Signals.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: SmartGold01 on October 26, 2024, 01:05:49 PM
Usually those who follow trading signals are beginners in trading. They are being fooled by their winning trades without knowing how much loses they took in order to win a trade. Some mentors are not real trader, they are relying their profit not in their trades but in their mentees. I am saying this because I experienced this when I was a new trader, and this is the reason why I won't recommend anyone to rely in Crypto Signals.
This is very crazy to see that some mentors doesn't know how to trade or doesn't make enough profits then what are they teaching their trainees if so? This is bad because they can't impact on them if they aren't making profit from trading, so, it is good to be a mentor to people when someone noticed that s/he is making profits from trade while teaching could used themselves to give an instances to smoothing their learning with their trainees.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: nakmantu99 on October 26, 2024, 02:35:34 PM
Usually those who follow trading signals are beginners in trading. They are being fooled by their winning trades without knowing how much loses they took in order to win a trade. Some mentors are not real trader, they are relying their profit not in their trades but in their mentees. I am saying this because I experienced this when I was a new trader, and this is the reason why I won't recommend anyone to rely in Crypto Signals.
This is very crazy to see that some mentors doesn't know how to trade or doesn't make enough profits then what are they teaching their trainees if so? This is bad because they can't impact on them if they aren't making profit from trading, so, it is good to be a mentor to people when someone noticed that s/he is making profits from trade while teaching could used themselves to give an instances to smoothing their learning with their trainees.
A great mentor can set a good example for his students, they win more than they lose. but I have never found a great mentor so I finally decided to learn trading on my own. because by learning on our own we can know where our mistakes are and we can fix those mistakes by developing a more appropriate strategy.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: SmartGold01 on October 26, 2024, 06:03:09 PM
Usually those who follow trading signals are beginners in trading. They are being fooled by their winning trades without knowing how much loses they took in order to win a trade. Some mentors are not real trader, they are relying their profit not in their trades but in their mentees. I am saying this because I experienced this when I was a new trader, and this is the reason why I won't recommend anyone to rely in Crypto Signals.
This is very crazy to see that some mentors doesn't know how to trade or doesn't make enough profits then what are they teaching their trainees if so? This is bad because they can't impact on them if they aren't making profit from trading, so, it is good to be a mentor to people when someone noticed that s/he is making profits from trade while teaching could used themselves to give an instances to smoothing their learning with their trainees.
A great mentor can set a good example for his students, they win more than they lose. but I have never found a great mentor so I finally decided to learn trading on my own. because by learning on our own we can know where our mistakes are and we can fix those mistakes by developing a more appropriate strategy.
That is a good decision you have taken but then I know it wasn't something that were so smooth that way because learning something by oneself especially thing that has to do with money is extremely very hard to do. I could also remembered then my first experience with Centralized and Decentralized exchange, I was actually following someone to do all that for me, but at some point I had to pick up courage to try it one day all by myself and when I tried I lose unknowingly to the coin pair which i don't know. But at some point I began to understand how things works.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: dekafee79 on October 27, 2024, 12:53:30 PM

That is a good decision you have taken but then I know it wasn't something that were so smooth that way because learning something by oneself especially thing that has to do with money is extremely very hard to do. I could also remembered then my first experience with Centralized and Decentralized exchange, I was actually following someone to do all that for me, but at some point I had to pick up courage to try it one day all by myself and when I tried I lose unknowingly to the coin pair which i don't know. But at some point I began to understand how things works.
We do have to learn a lot of things in crypto, especially on decentralized and centralized exchanges. because if we don't have experience there we can lose. I prefer CEX exchanges, because I am more familiar with making transactions and trading on CEX exchanges.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: TomPluz on October 28, 2024, 05:10:20 AM

A great mentor can set a good example for his students but I have never found a great mentor so I finally decided to learn trading on my own...because by learning on our own we can know where our mistakes are and we can fix those mistakes by developing a more appropriate strategy.


A good mentor can be of big help because hopefully the mentor can guide us on the things to avoid and the right things to do so as to make us successful traders...but it does not mean that this is a fixed requirement to win the race. We live in the era where information and knowledge are all open with the explosion of the internet so one can still learn the way to trade and use the experience to craft effective strategies to be a big winner. We also have to take note that in most cases a good mentor can cost money so if one is just starting this can be a big challenge. As to crypto signals, I still have to look at it and I am sure we can find those that are good and those that are bad...so one must look at them with some grain of salt and be careful as I know scammers can be found anywhere wearing some kind sheep's clothing.


Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: royalRitta on October 28, 2024, 12:30:12 PM

That is a good decision you have taken but then I know it wasn't something that were so smooth that way because learning something by oneself especially thing that has to do with money is extremely very hard to do. I could also remembered then my first experience with Centralized and Decentralized exchange, I was actually following someone to do all that for me, but at some point I had to pick up courage to try it one day all by myself and when I tried I lose unknowingly to the coin pair which i don't know. But at some point I began to understand how things works.
We do have to learn a lot of things in crypto, especially on decentralized and centralized exchanges. because if we don't have experience there we can lose. I prefer CEX exchanges, because I am more familiar with making transactions and trading on CEX exchanges.

If you would use some dApps, which would be your favorite?
Do you look at some "signals" from the CEXes you use?
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: doc on October 28, 2024, 03:22:43 PM

A great mentor can set a good example for his students but I have never found a great mentor so I finally decided to learn trading on my own...because by learning on our own we can know where our mistakes are and we can fix those mistakes by developing a more appropriate strategy.


A good mentor can be of big help because hopefully the mentor can guide us on the things to avoid and the right things to do so as to make us successful traders...but it does not mean that this is a fixed requirement to win the race. We live in the era where information and knowledge are all open with the explosion of the internet so one can still learn the way to trade and use the experience to craft effective strategies to be a big winner. We also have to take note that in most cases a good mentor can cost money so if one is just starting this can be a big challenge. As to crypto signals, I still have to look at it and I am sure we can find those that are good and those that are bad...so one must look at them with some grain of salt and be careful as I know scammers can be found anywhere wearing some kind sheep's clothing.
To be honest, I had a mentor when I first learned trading, but now he is no longer trading, only holding long-term in crypto because he is more focused on real-world business. Finally, I searched for a guide on trading via the internet and started learning because I lost my mentor, and finally I was able to trade on my own without the help of a mentor.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Hinata on October 28, 2024, 10:48:46 PM
Well I think there are disadvantages and advantage relying on signals. Maybe more of disadvantages I would say. Having the knowledge, being trained before venturing into crypto is a key factor, Cause knowledge is vital, knowledge is key, knowledge is a significant aspect of anything you do. Relying on signals could benefit us in someways cause these signals are being analysed by professional traders and could save us from stress of predicting the market ourselves. It could save us time also as you don't really need to track every chart. But do you know not all signal provider are transparent, some could actually give wrong signals intentionally or unintentionally. You become to dependent on signals   that may not often yield good result, you miss out on gaining the knowledge you need to help you with your own personal judgement of the market, strategies and ways to adapt if there is any unexpected change in the market.. I'd advise you don't depend on signals alone, know what you are doing first, have an understanding of the market to help make your decisions along with the signals so you could tell when a signal is bad or good.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: rizqillah on October 29, 2024, 12:12:46 AM

A great mentor can set a good example for his students but I have never found a great mentor so I finally decided to learn trading on my own...because by learning on our own we can know where our mistakes are and we can fix those mistakes by developing a more appropriate strategy.


A good mentor can be of big help because hopefully the mentor can guide us on the things to avoid and the right things to do so as to make us successful traders...but it does not mean that this is a fixed requirement to win the race. We live in the era where information and knowledge are all open with the explosion of the internet so one can still learn the way to trade and use the experience to craft effective strategies to be a big winner. We also have to take note that in most cases a good mentor can cost money so if one is just starting this can be a big challenge. As to crypto signals, I still have to look at it and I am sure we can find those that are good and those that are bad...so one must look at them with some grain of salt and be careful as I know scammers can be found anywhere wearing some kind sheep's clothing.
To be honest, I had a mentor when I first learned trading, but now he is no longer trading, only holding long-term in crypto because he is more focused on real-world business. Finally, I searched for a guide on trading via the internet and started learning because I lost my mentor, and finally I was able to trade on my own without the help of a mentor.
Luckily you have had a mentor in trading, although at this time he is no longer active in trading but at least once gave you knowledge and guidance. I learned trading myself because I did not have a mentor, and a lot of bitter experience when I first learned trading, I suffered many defeats but I did not stop learning and I always improved my strategy analysis and analysis.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: SmartGold01 on October 29, 2024, 02:11:55 PM

That is a good decision you have taken but then I know it wasn't something that were so smooth that way because learning something by oneself especially thing that has to do with money is extremely very hard to do. I could also remembered then my first experience with Centralized and Decentralized exchange, I was actually following someone to do all that for me, but at some point I had to pick up courage to try it one day all by myself and when I tried I lose unknowingly to the coin pair which i don't know. But at some point I began to understand how things works.
We do have to learn a lot of things in crypto, especially on decentralized and centralized exchanges. because if we don't have experience there we can lose. I prefer CEX exchanges, because I am more familiar with making transactions and trading on CEX exchanges.

If you would use some dApps, which would be your favorite?
Do you look at some "signals" from the CEXes you use?
I still do not give priority to signal because most times they fails and signal is just like depending on someone to perform a specific trade or to carry out a particular functions and whatever that affects such person within their decision to enter market surely affects those that rely on their signals, so as a trader I wouldn't encourage you to use any signal. Do your analysis yourself and explore things how they works to enable you control and manage your grades.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Gurujebs on October 29, 2024, 02:23:46 PM
To be honest, I had a mentor when I first learned trading, but now he is no longer trading, only holding long-term in crypto because he is more focused on real-world business. Finally, I searched for a guide on trading via the internet and started learning because I lost my mentor, and finally I was able to trade on my own without the help of a mentor.

Till now, I still have my mentors that I look forward in their analysis and it's not necessary that it must be the technical aspect of trading. I like more in depth knowledge about the fundamentals of the crypto market because in the crypto space, you will make more money and feels safe with trading when you know what is happening inside and outside some certain coins.

Anytime I want to know some others opinion about my trade, I make sure I look at my chart properly and do everything that I want to do and when I'm done with the analysis, I check others opinion to compare if there is some correlation but that doesn't mean I will change my opinion if ours doesn't relate.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: malah on October 30, 2024, 02:03:18 PM
Luckily you have had a mentor in trading, although at this time he is no longer active in trading but at least once gave you knowledge and guidance. I learned trading myself because I did not have a mentor, and a lot of bitter experience when I first learned trading, I suffered many defeats but I did not stop learning and I always improved my strategy analysis and analysis.
Of course, having a mentor in the trading process adds significant value to the process, let’s especially get direct experience-based advice. While they are no longer active the knowledge and direction that has been passed down has provided us with a very solid foundation in establishing a more targeted trading strategy. All steps and recommendations which have been given to us can be useful to realize the peculiarities of trading world.

However, for those of you reading this article with the help of independent learning, such a process does indeed demand more patience and persistence. But, on the way, people go through many tests and try different things, possibly, meeting quite a number of failures. Nevertheless, each of these experiences is learning which contributes to enhancing the capacity to analyse and design a more robust strategy. In fact they form a good self-resilience and encourage one to work even harder in the trading world.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: satpol_PP on November 02, 2024, 03:54:45 AM
To be honest, I had a mentor when I first learned trading, but now he is no longer trading, only holding long-term in crypto because he is more focused on real-world business. Finally, I searched for a guide on trading via the internet and started learning because I lost my mentor, and finally I was able to trade on my own without the help of a mentor.

Till now, I still have my mentors that I look forward in their analysis and it's not necessary that it must be the technical aspect of trading. I like more in depth knowledge about the fundamentals of the crypto market because in the crypto space, you will make more money and feels safe with trading when you know what is happening inside and outside some certain coins.

Anytime I want to know some others opinion about my trade, I make sure I look at my chart properly and do everything that I want to do and when I'm done with the analysis, I check others opinion to compare if there is some correlation but that doesn't mean I will change my opinion if ours doesn't relate.
lucky for those who have a good mentor in trading, because I never had one. most friends always say to learn by yourself because trading is difficult, I'm afraid that if I experience a loss I will blame them. that's why I learned by myself and didn't have a mentor like you. I learned to make analysis, develop strategies and train skills in understanding the character of coins and the crypto market.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Baki202 on November 02, 2024, 08:00:57 AM
Seeing trading is a risk, traders are always advised to do much research on their own before venturing into Crypto trading and also to trade as much as can be lost, and we all know that the bigger your capital, the bigger your profit. But viewing the crypto market, we see it is very hard to predict in person and even some prediction from analyst seems to be incorrect.
I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.
Apparently,while trading...
It is particularly advisable that you make your investments decisions yourself and not under the influence of any person or things at all.
I'm not really crucifying the fact that relying on crypto signals to trade is actually wrong,I think that maybe after checking these signals,analyse the market yourself and see whether it would be advisable to make a particular investment at that period.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: SmartGold01 on November 02, 2024, 10:41:32 AM
Apparently,while trading...
It is particularly advisable that you make your investments decisions yourself and not under the influence of any person or things at all.
I'm not really crucifying the fact that relying on crypto signals to trade is actually wrong,I think that maybe after checking these signals,analyse the market yourself and see whether it would be advisable to make a particular investment at that period.
This is the reason why I don't entirely rely on people or news about crypto movement be it Bitcoin or altcoin for the price to increase but rather I will go with my instinct whatever it tells me that is what I will follow so that if incuring any lost I wouldn't have to pour the blame on someone for my lost, rather I will bear the consequences and of course before anyone venture into trading he or she should be prepared for the loss because cryptocurrency trading involve loss and profit. And of course there are people who are smart enough to benefit from the market while there are people who are so greedy against the market and whenever the price don't go on them they will regret for not selling because of their selfish nature.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Gposas on November 02, 2024, 12:39:35 PM
Seeing trading is a risk, traders are always advised to do much research on their own before venturing into Crypto trading and also to trade as much as can be lost, and we all know that the bigger your capital, the bigger your profit. But viewing the crypto market, we see it is very hard to predict in person and even some prediction from analyst seems to be incorrect.
I would love to know, is it quite advisable to wholely depend on trading signals in trading crypto?
More like Forex Trading, where one can subscribe to getting daily trading Signals, Ive also come across such Signal provider through a friend, and he always testify of making profit on every signal posted on the platform.
Could this be legit?
I need some advice.
I would share an experience of this friend I quoted on this topic... I've really learnt Alot from him.
He truly was making some good profits with this his trading signal platform, though he was able to comprehend the fact that states " Trade as much as you can afford to lose".
He placed trades with profit to loss percentage ranging 85% profit to 15% loss... I was fully persuaded to join but was working for some free capital to start up with. Though he explained that he sees it as a form of gambling, he just place money on trade and gets the luck of making profits.
As a result of this, he told me he doesn't know much about the platform, it's just that he makes profit from there and that I could join if I wish to.
Gathering enough capital, I guess I was fully prepared to make profits from this signal platform but unfortunately, when I spoke with him (my friend) he explained that the telegram platform is no more functioning and all accounts there has been deleted....
I wasn't happy hearing the news, so I asked him how are you going to continue with your trades...
Out of less knowledge he said he can't do it on his own because it's more like gambling and he can't speculate his entry or exit in trade so he had to withdraw all his assets to start up something else because he doesn't have knowledge on trading, rather he follows every step given by the signal platform.
I was tensed to ask, how were you able to withdraw your assets then, since you lack the knowledge???
He said he met someone who was more resourceful and the person charged him for withdrawing his own asset....

To cut the long story short, I was a kind of disappointed that he never even had the basic knowledge of even withdrawing his own assets because he wholely depends on what the platform says...
It's quite obvious that KNOWLEDGE IS POWER in everything....
I had to start working much more harder on researching wider informations on any Crypto stuff I associate myself
 with.
And it is clear that these kind of people are still out there and can easily be lured to scams...
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: dekafee79 on November 02, 2024, 10:38:11 PM
Apparently,while trading...
It is particularly advisable that you make your investments decisions yourself and not under the influence of any person or things at all.
I'm not really crucifying the fact that relying on crypto signals to trade is actually wrong,I think that maybe after checking these signals,analyse the market yourself and see whether it would be advisable to make a particular investment at that period.
This is the reason why I don't entirely rely on people or news about crypto movement be it Bitcoin or altcoin for the price to increase but rather I will go with my instinct whatever it tells me that is what I will follow so that if incuring any lost I wouldn't have to pour the blame on someone for my lost, rather I will bear the consequences and of course before anyone venture into trading he or she should be prepared for the loss because cryptocurrency trading involve loss and profit. And of course there are people who are smart enough to benefit from the market while there are people who are so greedy against the market and whenever the price don't go on them they will regret for not selling because of their selfish nature.
I also trust my gut more than other people's advice, because in investing the risk is borne by us and we should make decisions according to our analysis and beliefs. I still accept other people's advice but it does not mean that it will be my guideline in making decisions in investing.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: SmartGold01 on November 02, 2024, 10:53:46 PM
Apparently,while trading...
It is particularly advisable that you make your investments decisions yourself and not under the influence of any person or things at all.
I'm not really crucifying the fact that relying on crypto signals to trade is actually wrong,I think that maybe after checking these signals,analyse the market yourself and see whether it would be advisable to make a particular investment at that period.
This is the reason why I don't entirely rely on people or news about crypto movement be it Bitcoin or altcoin for the price to increase but rather I will go with my instinct whatever it tells me that is what I will follow so that if incuring any lost I wouldn't have to pour the blame on someone for my lost, rather I will bear the consequences and of course before anyone venture into trading he or she should be prepared for the loss because cryptocurrency trading involve loss and profit. And of course there are people who are smart enough to benefit from the market while there are people who are so greedy against the market and whenever the price don't go on them they will regret for not selling because of their selfish nature.
I also trust my gut more than other people's advice, because in investing the risk is borne by us and we should make decisions according to our analysis and beliefs. I still accept other people's advice but it does not mean that it will be my guideline in making decisions in investing.
That is it, since those people can't directly share the lose with you it's advisable to always investment with amount we think can be risk without much relying on people. Advise is a kind of guidelines to make us have the knowledge and senses to make the right decision while investing but it doesn't entirely bring a total profits or reduces lose from the investors.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: milewilda on November 03, 2024, 03:03:23 AM
Apparently,while trading...
It is particularly advisable that you make your investments decisions yourself and not under the influence of any person or things at all.
I'm not really crucifying the fact that relying on crypto signals to trade is actually wrong,I think that maybe after checking these signals,analyse the market yourself and see whether it would be advisable to make a particular investment at that period.
This is the reason why I don't entirely rely on people or news about crypto movement be it Bitcoin or altcoin for the price to increase but rather I will go with my instinct whatever it tells me that is what I will follow so that if incuring any lost I wouldn't have to pour the blame on someone for my lost, rather I will bear the consequences and of course before anyone venture into trading he or she should be prepared for the loss because cryptocurrency trading involve loss and profit. And of course there are people who are smart enough to benefit from the market while there are people who are so greedy against the market and whenever the price don't go on them they will regret for not selling because of their selfish nature.
I also trust my gut more than other people's advice, because in investing the risk is borne by us and we should make decisions according to our analysis and beliefs. I still accept other people's advice but it does not mean that it will be my guideline in making decisions in investing.
Its not really that bad on trying out to snip out some other traders idea on which as long you do see it beneficial into your analysis or which would really be added up then it will really be that best that you should really be that relying only with your analysis with combined with others ideas. I do agree that i would really be rather be trusting up my own gut or intuition rather than
on making up some trades on which you do rely with others analysis, but if you can be able to trust it up then it would really be that on your own choice.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: Bobcrypto on November 03, 2024, 09:46:27 AM
The forex market moves more on news from economic stats than anything else, crypto goes for hype or doom and gloom news
Tips and signals in forex mainly rely on this:
https://www.dailyfx.com/economic-calendar
people predicting a bank will change interest rates, industrial production data, unemployment, and so on.

In crypto, it's just a crystal globe, the only ones that truly make money are the ones selling those trade signals!

The crypto markets also move with news, hype, and speculations. You spoke of doom, but i think you are referring to boom. The crypto boom is just the bull market season, I have no idea of a doom, maybe  you are referring to bear market.
It is obvious that with out informations, like news on social media, other news channels, you can not trade efficiently or  earn reasonable profits. With news, you can prepare for certain market outcomes knon to a crypto platform(s), though crypto is open to uncertainty, but trading without vital informations may lead to heavy losses.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: doc on November 03, 2024, 11:52:59 AM
The forex market moves more on news from economic stats than anything else, crypto goes for hype or doom and gloom news
Tips and signals in forex mainly rely on this:
https://www.dailyfx.com/economic-calendar
people predicting a bank will change interest rates, industrial production data, unemployment, and so on.

In crypto, it's just a crystal globe, the only ones that truly make money are the ones selling those trade signals!

The crypto markets also move with news, hype, and speculations. You spoke of doom, but i think you are referring to boom. The crypto boom is just the bull market season, I have no idea of a doom, maybe  you are referring to bear market.
It is obvious that with out informations, like news on social media, other news channels, you can not trade efficiently or  earn reasonable profits. With news, you can prepare for certain market outcomes knon to a crypto platform(s), though crypto is open to uncertainty, but trading without vital informations may lead to heavy losses.
If we trade, we should always focus on the news because the news will greatly affect the short -term price. But if you choose the medium -term or long -term investment, hold until next year because many people are targeting the price of Bitcoin to reach $ 100K, if the price of Bitcoin is that high, the possibility of Altcoin will follow it and reach ATH.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: SmartGold01 on November 03, 2024, 02:13:56 PM
Apparently,while trading...
It is particularly advisable that you make your investments decisions yourself and not under the influence of any person or things at all.
I'm not really crucifying the fact that relying on crypto signals to trade is actually wrong,I think that maybe after checking these signals,analyse the market yourself and see whether it would be advisable to make a particular investment at that period.
This is the reason why I don't entirely rely on people or news about crypto movement be it Bitcoin or altcoin for the price to increase but rather I will go with my instinct whatever it tells me that is what I will follow so that if incuring any lost I wouldn't have to pour the blame on someone for my lost, rather I will bear the consequences and of course before anyone venture into trading he or she should be prepared for the loss because cryptocurrency trading involve loss and profit. And of course there are people who are smart enough to benefit from the market while there are people who are so greedy against the market and whenever the price don't go on them they will regret for not selling because of their selfish nature.
I also trust my gut more than other people's advice, because in investing the risk is borne by us and we should make decisions according to our analysis and beliefs. I still accept other people's advice but it does not mean that it will be my guideline in making decisions in investing.
Its not really that bad on trying out to snip out some other traders idea on which as long you do see it beneficial into your analysis or which would really be added up then it will really be that best that you should really be that relying only with your analysis with combined with others ideas. I do agree that i would really be rather be trusting up my own gut or intuition rather than
on making up some trades on which you do rely with others analysis, but if you can be able to trust it up then it would really be that on your own choice.
Yes there's nothing wrong try not other strategies our taking someone idea to trade but what mostly matter is that will that strategy or idea yield a profitable results to you if yes then it is the important to at least it's important to adhere to it, and you try no results seems to be coming up it's important to leave it than keep losing trade or investment.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: malah on November 05, 2024, 05:51:15 PM
Yes there's nothing wrong try not other strategies our taking someone idea to trade but what mostly matter is that will that strategy or idea yield a profitable results to you if yes then it is the important to at least it's important to adhere to it, and you try no results seems to be coming up it's important to leave it than keep losing trade or investment.
Well, Adopting some new approaches or using someone else’s solutions in trading can help us get the chance to come across better ways. The most crucial thing on this one is to concentrate on the results and ensure that the strategy we set will really fits us. If it further pays, then I can go on with more confidence.

Yet, according to these results it is possible to start the usage of other more effective options and thus stop. Flexibility of our steps allows to better handle risk while staying open to something more favorable.
Title: Re: Relying on Crypto Signals to trade, is it advisable?
Post by: LUCKMCFLY on November 05, 2024, 09:57:17 PM

There's no assurance indeed, it's just an speculation that might happen or might not, the movement came from the actual process of how supporters and investors are working with their holdings, though there might be an influence as expectations might push those people who are looking for reason to buy and hold or to sell and earn those are the things that might affects the movement but still on how a trader or investors will handle the situation.

Well in fact, October showed that it's not over until it's over and what a great way to end October, I think it surprised many of us even though such a fundamental date as November 5th was approaching, sometimes I think that bitcoin rose almost to its last ATH as if saying a subliminal message, which would say something like "if Trump wins this is what we will experience, but if not..." I think it can be interpreted that way and its desire to be political, but Trump has already shown his total support for BTC many times, and I think that with