Relying on Crypto Signals to trade, is it advisable?

[Gposas]

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...

[dekafee79]

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.

[SmartGold01]

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.

[milewilda]

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.

[Bobcrypto]

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.

[doc]

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.

[SmartGold01]

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.

[malah]

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.

[LUCKMCFLY]

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