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Author Topic: Relying on Crypto Signals to trade, is it advisable?  (Read 5141 times)

Offline SmartGold01

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Re: Relying on Crypto Signals to trade, is it advisable?
« Reply #105 on: October 17, 2024, 10:23:49 PM »
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.
I think every trader must have the intention to have the ability to make own prediction. We will never be an independent trader if we always rely on other people predictions. If we always improve out ability in trading, it is surely not impossible that we can be professional traders in the future. Even we only become average traders, we can be proud because we do it with our own ways. But if we rely on other people ability, we will never be proud with our trading achievement.
That is why i don't really encourage closet to use a signal or someone predictions to trade because whenever that person is not active to give them that signal it surely affects them and they can never become professional in trading, the thing is we should try to discover ourselves or and learn to do things ourselves to prepare us for a better tomorrow.
Trading with self analysis helps more than either copy trading or totally relying on someone to disburse information about a particular coin/token.

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Re: Relying on Crypto Signals to trade, is it advisable?
« Reply #105 on: October 17, 2024, 10:23:49 PM »

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Re: Relying on Crypto Signals to trade, is it advisable?
« Reply #106 on: October 24, 2024, 01:52:38 PM »

That is why i don't really encourage closet to use a signal or someone predictions to trade because whenever that person is not active to give them that signal it surely affects them and they can never become professional in trading, the thing is we should try to discover ourselves or and learn to do things ourselves to prepare us for a better tomorrow.
Trading with self analysis helps more than either copy trading or totally relying on someone to disburse information about a particular coin/token.
I agree with what you said, in trading we must make our own analysis, develop our own strategy and never rely on signals from others. By learning by ourselves we will become trained and smart in making analysis. because in trading it takes time to learn and have sufficient skills.
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Re: Relying on Crypto Signals to trade, is it advisable?
« Reply #106 on: October 24, 2024, 01:52:38 PM »

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Offline MUGNIA

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Re: Relying on Crypto Signals to trade, is it advisable?
« Reply #107 on: October 24, 2024, 03:13:29 PM »
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.
I think every trader must have the intention to have the ability to make own prediction. We will never be an independent trader if we always rely on other people predictions. If we always improve out ability in trading, it is surely not impossible that we can be professional traders in the future. Even we only become average traders, we can be proud because we do it with our own ways. But if we rely on other people ability, we will never be proud with our trading achievement.
That is why i don't really encourage closet to use a signal or someone predictions to trade because whenever that person is not active to give them that signal it surely affects them and they can never become professional in trading, the thing is we should try to discover ourselves or and learn to do things ourselves to prepare us for a better tomorrow.
Trading with self analysis helps more than either copy trading or totally relying on someone to disburse information about a particular coin/token.

I agree with you about trading signals, my basic reason is because I have attended signal classes, I didn't get much profit, many signals were wrong and gave me losses, the effect of curiosity

Offline SmartGold01

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Re: Relying on Crypto Signals to trade, is it advisable?
« Reply #108 on: October 24, 2024, 08:24:33 PM »

That is why i don't really encourage closet to use a signal or someone predictions to trade because whenever that person is not active to give them that signal it surely affects them and they can never become professional in trading, the thing is we should try to discover ourselves or and learn to do things ourselves to prepare us for a better tomorrow.
Trading with self analysis helps more than either copy trading or totally relying on someone to disburse information about a particular coin/token.
I agree with what you said, in trading we must make our own analysis, develop our own strategy and never rely on signals from others. By learning by ourselves we will become trained and smart in making analysis. because in trading it takes time to learn and have sufficient skills.
When we trade by ourselves it gives us that confident to enter market when we feels and whenever we have new coin launched there would be time to study about that coin to know whether it is right time to venture or not, but if we entirely rely on people to give us signal they may cause us to enter market when we are not meant to enter trade and if that person loses entirely in that trade we also lose since it's like more of a copy trade, even though we are not using same tools to trade but it's same information we entering the market and is very dangerous.

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Re: Relying on Crypto Signals to trade, is it advisable?
« Reply #109 on: October 25, 2024, 06:07:27 AM »
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.
Maybe my suggestion, you can try it for some time first, like one month or two months... there you will find out some difficulties that you will find, such as timing for entry which is sometimes too late... or even timing for exit which is sometimes too late because maybe too greedy... by trying to use a small nominal, it is hoped that you can understand the mechanism more deeply...

Sometimes it is also useless to give advice to someone, because everyone's investment style is different, so it might not be suitable for the person giving the advice, but it is suitable for the person being given the advice... there is no harm in trying, right?

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Re: Relying on Crypto Signals to trade, is it advisable?
« Reply #110 on: October 25, 2024, 08:52:58 AM »
Sometimes it is also useless to give advice to someone, because everyone's investment style is different, so it might not be suitable for the person giving the advice, but it is suitable for the person being given the advice... there is no harm in trying, right?
well the harm would be you losing money so if you want to try out other people’s advice, try not to put all of your money just yet start somewhere small and cut yourself some slack of course we are trying to avoid as much mistakes as possible but these mistakes are the ones to teach us what should we or shouldn’t do in the future eventually you’ll learn about the most suitable way of trading for you by trying out different ones

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Re: Relying on Crypto Signals to trade, is it advisable?
« Reply #111 on: October 25, 2024, 09:53:03 AM »
The only advice I have for you is to get proper training, because people fear what they do not understand. It’s true that you can’t know everything about trading, but make an effort to learn the basics to inform your decisions. This way, you will develop your own analysis alongside the trading signals you receive from your signal provider. You can then take positions when your predictions align with those of your signal provider.
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Re: Relying on Crypto Signals to trade, is it advisable?
« Reply #111 on: October 25, 2024, 09:53:03 AM »


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Re: Relying on Crypto Signals to trade, is it advisable?
« Reply #112 on: October 25, 2024, 02:04:08 PM »
The only advice I have for you is to get proper training, because people fear what they do not understand. It’s true that you can’t know everything about trading, but make an effort to learn the basics to inform your decisions. This way, you will develop your own analysis alongside the trading signals you receive from your signal provider. You can then take positions when your predictions align with those of your signal provider.

Surely, signals - can - be helpful, but they shouldn't be the prophet of sorts for your actions - you decide where you enter and leave as well.

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Re: Relying on Crypto Signals to trade, is it advisable?
« Reply #113 on: October 25, 2024, 04:58:02 PM »
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.
I think every trader must have the intention to have the ability to make own prediction. We will never be an independent trader if we always rely on other people predictions. If we always improve out ability in trading, it is surely not impossible that we can be professional traders in the future. Even we only become average traders, we can be proud because we do it with our own ways. But if we rely on other people ability, we will never be proud with our trading achievement.
That is why i don't really encourage closet to use a signal or someone predictions to trade because whenever that person is not active to give them that signal it surely affects them and they can never become professional in trading, the thing is we should try to discover ourselves or and learn to do things ourselves to prepare us for a better tomorrow.
Trading with self analysis helps more than either copy trading or totally relying on someone to disburse information about a particular coin/token.
People who are lazy and think of getting rich quick with trading are theones using copy trading without understanding anything about the market. Depending on trading signals to trade has made a lot of people fall victim to scammers, and the funny thing is that, some people will go as far as sending funds to someone they don't know face to face to trade for them. Trading is best done by yourself so that you can improve through your experience in the market. Whoever is into copy trading is gambling.

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Re: Relying on Crypto Signals to trade, is it advisable?
« Reply #114 on: October 25, 2024, 07:35:00 PM »
The only advice I have for you is to get proper training, because people fear what they do not understand. It’s true that you can’t know everything about trading, but make an effort to learn the basics to inform your decisions. This way, you will develop your own analysis alongside the trading signals you receive from your signal provider. You can then take positions when your predictions align with those of your signal provider.

Surely, signals - can - be helpful, but they shouldn't be the prophet of sorts for your actions - you decide where you enter and leave as well.
Only lazy fellas are the ones who would really be that tending to follow up some traders in regarding into their trading positions and wont really be that minding whether to oppose or agree on such trading entry. For those who dont have plans on improving their trading skills and knowledge then this is the path that they would really be taking but for those who do have plans or
thinking up on improving their trading knowledge then they would really be that trying out their best to make their own trading decisions and engaging with the market personally
without trying out to follow someone. Its not bad to snip out other traders idea and set ups but you are still the ones who do make out that final decision.

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Re: Relying on Crypto Signals to trade, is it advisable?
« Reply #115 on: October 25, 2024, 07:54:36 PM »

That is why i don't really encourage closet to use a signal or someone predictions to trade because whenever that person is not active to give them that signal it surely affects them and they can never become professional in trading, the thing is we should try to discover ourselves or and learn to do things ourselves to prepare us for a better tomorrow.
Trading with self analysis helps more than either copy trading or totally relying on someone to disburse information about a particular coin/token.
I agree with what you said, in trading we must make our own analysis, develop our own strategy and never rely on signals from others. By learning by ourselves we will become trained and smart in making analysis. because in trading it takes time to learn and have sufficient skills.

It's really different that we ourselves do our own trading activity to get profit. It's even better that we work hard and work ourselves to earn money from crypto trading. Instead of relying on others, we can make money here in the crypto world.

Although trading is not easy to learn, if we learn the right technique, it will benefit us in the long term, and we can even pass it on to people who are important
to us in the future.
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Offline dekafee79

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Re: Relying on Crypto Signals to trade, is it advisable?
« Reply #116 on: October 25, 2024, 10:18:28 PM »

It's really different that we ourselves do our own trading activity to get profit. It's even better that we work hard and work ourselves to earn money from crypto trading. Instead of relying on others, we can make money here in the crypto world.

Although trading is not easy to learn, if we learn the right technique, it will benefit us in the long term, and we can even pass it on to people who are important
to us in the future.
The process of learning to become a professional trader takes a long time and we should learn it ourselves, because by doing research, observing and making our own analysis we will be more skilled and have expertise in trading. Trading does not have to rely on others, but we must have our own ability to do it.

Offline SmartGold01

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Re: Relying on Crypto Signals to trade, is it advisable?
« Reply #117 on: October 26, 2024, 03:38:48 AM »
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.
I think every trader must have the intention to have the ability to make own prediction. We will never be an independent trader if we always rely on other people predictions. If we always improve out ability in trading, it is surely not impossible that we can be professional traders in the future. Even we only become average traders, we can be proud because we do it with our own ways. But if we rely on other people ability, we will never be proud with our trading achievement.
That is why i don't really encourage closet to use a signal or someone predictions to trade because whenever that person is not active to give them that signal it surely affects them and they can never become professional in trading, the thing is we should try to discover ourselves or and learn to do things ourselves to prepare us for a better tomorrow.
Trading with self analysis helps more than either copy trading or totally relying on someone to disburse information about a particular coin/token.
People who are lazy and think of getting rich quick with trading are theones using copy trading without understanding anything about the market. Depending on trading signals to trade has made a lot of people fall victim to scammers, and the funny thing is that, some people will go as far as sending funds to someone they don't know face to face to trade for them. Trading is best done by yourself so that you can improve through your experience in the market. Whoever is into copy trading is gambling.
Yeah you are right, anyone who follows signals to trade shows the narratives of gambling and it's very risky to follow signal group to trade because most times when the information goes wrong they lose entirely. That's why we must learn to analyze the market by ourselves than waiting someone else to do that before entering market.

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Re: Relying on Crypto Signals to trade, is it advisable?
« Reply #118 on: October 26, 2024, 05:36:28 AM »
Only lazy fellas are the ones who would really be that tending to follow up some traders in regarding into their trading positions and wont really be that minding whether to oppose or agree on such trading entry. For those who dont have plans on improving their trading skills and knowledge then this is the path that they would really be taking but for those who do have plans or
thinking up on improving their trading knowledge then they would really be that trying out their best to make their own trading decisions and engaging with the market personally
without trying out to follow someone. Its not bad to snip out other traders idea and set ups but you are still the ones who do make out that final decision.
I completely agree with this view. People who lack motivation are ones who will follow other traders decisions without thinking critically. Traders who want to improve and succeed should make their own informed decisions by staying actively involved in market.

Well it is OK to get ideas from others each trader is responsible for their own decisions. Relying only on others ideas without doing your own research can stop you from learning and growing as trader. Making your own trading decisions helps you stay accountable and adapt to changes and achieve success in long run.

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Re: Relying on Crypto Signals to trade, is it advisable?
« Reply #119 on: October 26, 2024, 12:25:23 PM »
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.
I think every trader must have the intention to have the ability to make own prediction. We will never be an independent trader if we always rely on other people predictions. If we always improve out ability in trading, it is surely not impossible that we can be professional traders in the future. Even we only become average traders, we can be proud because we do it with our own ways. But if we rely on other people ability, we will never be proud with our trading achievement.
That is why i don't really encourage closet to use a signal or someone predictions to trade because whenever that person is not active to give them that signal it surely affects them and they can never become professional in trading, the thing is we should try to discover ourselves or and learn to do things ourselves to prepare us for a better tomorrow.
Trading with self analysis helps more than either copy trading or totally relying on someone to disburse information about a particular coin/token.
People who are lazy and think of getting rich quick with trading are theones using copy trading without understanding anything about the market. Depending on trading signals to trade has made a lot of people fall victim to scammers, and the funny thing is that, some people will go as far as sending funds to someone they don't know face to face to trade for them. Trading is best done by yourself so that you can improve through your experience in the market. Whoever is into copy trading is gambling.
Yeah you are right, anyone who follows signals to trade shows the narratives of gambling and it's very risky to follow signal group to trade because most times when the information goes wrong they lose entirely. That's why we must learn to analyze the market by ourselves than waiting someone else to do that before entering market.
Usually those who follow trading signals are beginners in trading. They are being fooled by their winning trades without knowing how much loses they took in order to win a trade. Some mentors are not real trader, they are relying their profit not in their trades but in their mentees. I am saying this because I experienced this when I was a new trader, and this is the reason why I won't recommend anyone to rely in Crypto Signals.

 

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