Relying on Crypto Signals to trade, is it advisable?

[Crypto Library]

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.

[satpol_PP]

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

[milewilda]

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.

[LogitechMouse]

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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.

[ajiz138]

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?

[Asiska02]

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.

[vegasus]

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.

[SmartGold01]

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.

[Bobcrypto]

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

[ajiz138]

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.

[Sim_card]

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.

[Ujok]

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.

[Crypto Library]

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.

[dekafee79]

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.

[legend45]

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.