Relying on Crypto Signals to trade, is it advisable?

[Gurujebs]

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.

[kulkhan]

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.

[milewilda]

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.

[Crypto Library]

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.

[kulkhan]

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.

[Aanuoluwatofunmi]

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.

[Crypto Library]

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.

[Agbe]

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

[Mr. Magkaisa]

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.

[nakmantu99]

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.

[pieppiep]

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.

[Rubel007]

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.

[Ujok]

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.

[alltalk]

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.

[satpol_PP]

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.