Relying on Crypto Signals to trade, is it advisable?

[Hamza2424]

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.

[Rruchi man]

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.

[Gurujebs]

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.

[bayu7adi]

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.

[libert19]

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.

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.

[nakmantu99]

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.

[Hatchy]

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.

[milewilda]

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.

[MUGNIA]

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.

[Vision pro]

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.

[rizqillah]

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,

[taufik123]

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.

[Faisal2202]

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.

[|MINER|]

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.

[nakmantu99]

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.