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.

[Aanuoluwatofunmi]

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.

[macson]

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.

[Ricardo11]

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.

[Jating]

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.

[Stompix]

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!

[B.Trader]

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.

[Azharul]

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.

[Altlover]

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.

[MrSpasybo]

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.

[gunhell16]

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. .

[BitMaxz]

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.

[Findingnemo]

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.

[Themepen]

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.

[ZAINmalik75]

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.