Relying on Crypto Signals to trade, is it advisable?

[SmartGold01]

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.

This is very crazy to see that some mentors doesn't know how to trade or doesn't make enough profits then what are they teaching their trainees if so? This is bad because they can't impact on them if they aren't making profit from trading, so, it is good to be a mentor to people when someone noticed that s/he is making profits from trade while teaching could used themselves to give an instances to smoothing their learning with their trainees.

[nakmantu99]

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.

This is very crazy to see that some mentors doesn't know how to trade or doesn't make enough profits then what are they teaching their trainees if so? This is bad because they can't impact on them if they aren't making profit from trading, so, it is good to be a mentor to people when someone noticed that s/he is making profits from trade while teaching could used themselves to give an instances to smoothing their learning with their trainees.

A great mentor can set a good example for his students, they win more than they lose. but I have never found a great mentor so I finally decided to learn trading on my own. because by learning on our own we can know where our mistakes are and we can fix those mistakes by developing a more appropriate strategy.

[SmartGold01]

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.

This is very crazy to see that some mentors doesn't know how to trade or doesn't make enough profits then what are they teaching their trainees if so? This is bad because they can't impact on them if they aren't making profit from trading, so, it is good to be a mentor to people when someone noticed that s/he is making profits from trade while teaching could used themselves to give an instances to smoothing their learning with their trainees.

A great mentor can set a good example for his students, they win more than they lose. but I have never found a great mentor so I finally decided to learn trading on my own. because by learning on our own we can know where our mistakes are and we can fix those mistakes by developing a more appropriate strategy.

That is a good decision you have taken but then I know it wasn't something that were so smooth that way because learning something by oneself especially thing that has to do with money is extremely very hard to do. I could also remembered then my first experience with Centralized and Decentralized exchange, I was actually following someone to do all that for me, but at some point I had to pick up courage to try it one day all by myself and when I tried I lose unknowingly to the coin pair which i don't know. But at some point I began to understand how things works.

[dekafee79]

That is a good decision you have taken but then I know it wasn't something that were so smooth that way because learning something by oneself especially thing that has to do with money is extremely very hard to do. I could also remembered then my first experience with Centralized and Decentralized exchange, I was actually following someone to do all that for me, but at some point I had to pick up courage to try it one day all by myself and when I tried I lose unknowingly to the coin pair which i don't know. But at some point I began to understand how things works.

We do have to learn a lot of things in crypto, especially on decentralized and centralized exchanges. because if we don't have experience there we can lose. I prefer CEX exchanges, because I am more familiar with making transactions and trading on CEX exchanges.

[TomPluz]

A great mentor can set a good example for his students but I have never found a great mentor so I finally decided to learn trading on my own...because by learning on our own we can know where our mistakes are and we can fix those mistakes by developing a more appropriate strategy.

A good mentor can be of big help because hopefully the mentor can guide us on the things to avoid and the right things to do so as to make us successful traders...but it does not mean that this is a fixed requirement to win the race. We live in the era where information and knowledge are all open with the explosion of the internet so one can still learn the way to trade and use the experience to craft effective strategies to be a big winner. We also have to take note that in most cases a good mentor can cost money so if one is just starting this can be a big challenge. As to crypto signals, I still have to look at it and I am sure we can find those that are good and those that are bad...so one must look at them with some grain of salt and be careful as I know scammers can be found anywhere wearing some kind sheep's clothing.

[royalRitta]

That is a good decision you have taken but then I know it wasn't something that were so smooth that way because learning something by oneself especially thing that has to do with money is extremely very hard to do. I could also remembered then my first experience with Centralized and Decentralized exchange, I was actually following someone to do all that for me, but at some point I had to pick up courage to try it one day all by myself and when I tried I lose unknowingly to the coin pair which i don't know. But at some point I began to understand how things works.

We do have to learn a lot of things in crypto, especially on decentralized and centralized exchanges. because if we don't have experience there we can lose. I prefer CEX exchanges, because I am more familiar with making transactions and trading on CEX exchanges.

If you would use some dApps, which would be your favorite?
Do you look at some "signals" from the CEXes you use?

[doc]

A great mentor can set a good example for his students but I have never found a great mentor so I finally decided to learn trading on my own...because by learning on our own we can know where our mistakes are and we can fix those mistakes by developing a more appropriate strategy.

A good mentor can be of big help because hopefully the mentor can guide us on the things to avoid and the right things to do so as to make us successful traders...but it does not mean that this is a fixed requirement to win the race. We live in the era where information and knowledge are all open with the explosion of the internet so one can still learn the way to trade and use the experience to craft effective strategies to be a big winner. We also have to take note that in most cases a good mentor can cost money so if one is just starting this can be a big challenge. As to crypto signals, I still have to look at it and I am sure we can find those that are good and those that are bad...so one must look at them with some grain of salt and be careful as I know scammers can be found anywhere wearing some kind sheep's clothing.

To be honest, I had a mentor when I first learned trading, but now he is no longer trading, only holding long-term in crypto because he is more focused on real-world business. Finally, I searched for a guide on trading via the internet and started learning because I lost my mentor, and finally I was able to trade on my own without the help of a mentor.

[Hinata]

Well I think there are disadvantages and advantage relying on signals. Maybe more of disadvantages I would say. Having the knowledge, being trained before venturing into crypto is a key factor, Cause knowledge is vital, knowledge is key, knowledge is a significant aspect of anything you do. Relying on signals could benefit us in someways cause these signals are being analysed by professional traders and could save us from stress of predicting the market ourselves. It could save us time also as you don't really need to track every chart. But do you know not all signal provider are transparent, some could actually give wrong signals intentionally or unintentionally. You become to dependent on signals   that may not often yield good result, you miss out on gaining the knowledge you need to help you with your own personal judgement of the market, strategies and ways to adapt if there is any unexpected change in the market.. I'd advise you don't depend on signals alone, know what you are doing first, have an understanding of the market to help make your decisions along with the signals so you could tell when a signal is bad or good.

[rizqillah]

A great mentor can set a good example for his students but I have never found a great mentor so I finally decided to learn trading on my own...because by learning on our own we can know where our mistakes are and we can fix those mistakes by developing a more appropriate strategy.

A good mentor can be of big help because hopefully the mentor can guide us on the things to avoid and the right things to do so as to make us successful traders...but it does not mean that this is a fixed requirement to win the race. We live in the era where information and knowledge are all open with the explosion of the internet so one can still learn the way to trade and use the experience to craft effective strategies to be a big winner. We also have to take note that in most cases a good mentor can cost money so if one is just starting this can be a big challenge. As to crypto signals, I still have to look at it and I am sure we can find those that are good and those that are bad...so one must look at them with some grain of salt and be careful as I know scammers can be found anywhere wearing some kind sheep's clothing.

To be honest, I had a mentor when I first learned trading, but now he is no longer trading, only holding long-term in crypto because he is more focused on real-world business. Finally, I searched for a guide on trading via the internet and started learning because I lost my mentor, and finally I was able to trade on my own without the help of a mentor.

Luckily you have had a mentor in trading, although at this time he is no longer active in trading but at least once gave you knowledge and guidance. I learned trading myself because I did not have a mentor, and a lot of bitter experience when I first learned trading, I suffered many defeats but I did not stop learning and I always improved my strategy analysis and analysis.

[SmartGold01]

That is a good decision you have taken but then I know it wasn't something that were so smooth that way because learning something by oneself especially thing that has to do with money is extremely very hard to do. I could also remembered then my first experience with Centralized and Decentralized exchange, I was actually following someone to do all that for me, but at some point I had to pick up courage to try it one day all by myself and when I tried I lose unknowingly to the coin pair which i don't know. But at some point I began to understand how things works.

We do have to learn a lot of things in crypto, especially on decentralized and centralized exchanges. because if we don't have experience there we can lose. I prefer CEX exchanges, because I am more familiar with making transactions and trading on CEX exchanges.

If you would use some dApps, which would be your favorite?
Do you look at some "signals" from the CEXes you use?

I still do not give priority to signal because most times they fails and signal is just like depending on someone to perform a specific trade or to carry out a particular functions and whatever that affects such person within their decision to enter market surely affects those that rely on their signals, so as a trader I wouldn't encourage you to use any signal. Do your analysis yourself and explore things how they works to enable you control and manage your grades.

[Gurujebs]

To be honest, I had a mentor when I first learned trading, but now he is no longer trading, only holding long-term in crypto because he is more focused on real-world business. Finally, I searched for a guide on trading via the internet and started learning because I lost my mentor, and finally I was able to trade on my own without the help of a mentor.

Till now, I still have my mentors that I look forward in their analysis and it's not necessary that it must be the technical aspect of trading. I like more in depth knowledge about the fundamentals of the crypto market because in the crypto space, you will make more money and feels safe with trading when you know what is happening inside and outside some certain coins.

Anytime I want to know some others opinion about my trade, I make sure I look at my chart properly and do everything that I want to do and when I'm done with the analysis, I check others opinion to compare if there is some correlation but that doesn't mean I will change my opinion if ours doesn't relate.

[malah]

Luckily you have had a mentor in trading, although at this time he is no longer active in trading but at least once gave you knowledge and guidance. I learned trading myself because I did not have a mentor, and a lot of bitter experience when I first learned trading, I suffered many defeats but I did not stop learning and I always improved my strategy analysis and analysis.

Of course, having a mentor in the trading process adds significant value to the process, let’s especially get direct experience-based advice. While they are no longer active the knowledge and direction that has been passed down has provided us with a very solid foundation in establishing a more targeted trading strategy. All steps and recommendations which have been given to us can be useful to realize the peculiarities of trading world.

However, for those of you reading this article with the help of independent learning, such a process does indeed demand more patience and persistence. But, on the way, people go through many tests and try different things, possibly, meeting quite a number of failures. Nevertheless, each of these experiences is learning which contributes to enhancing the capacity to analyse and design a more robust strategy. In fact they form a good self-resilience and encourage one to work even harder in the trading world.

[satpol_PP]

To be honest, I had a mentor when I first learned trading, but now he is no longer trading, only holding long-term in crypto because he is more focused on real-world business. Finally, I searched for a guide on trading via the internet and started learning because I lost my mentor, and finally I was able to trade on my own without the help of a mentor.

Till now, I still have my mentors that I look forward in their analysis and it's not necessary that it must be the technical aspect of trading. I like more in depth knowledge about the fundamentals of the crypto market because in the crypto space, you will make more money and feels safe with trading when you know what is happening inside and outside some certain coins.

Anytime I want to know some others opinion about my trade, I make sure I look at my chart properly and do everything that I want to do and when I'm done with the analysis, I check others opinion to compare if there is some correlation but that doesn't mean I will change my opinion if ours doesn't relate.

lucky for those who have a good mentor in trading, because I never had one. most friends always say to learn by yourself because trading is difficult, I'm afraid that if I experience a loss I will blame them. that's why I learned by myself and didn't have a mentor like you. I learned to make analysis, develop strategies and train skills in understanding the character of coins and the crypto market.

[Baki202]

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.

Apparently,while trading...
It is particularly advisable that you make your investments decisions yourself and not under the influence of any person or things at all.
I'm not really crucifying the fact that relying on crypto signals to trade is actually wrong,I think that maybe after checking these signals,analyse the market yourself and see whether it would be advisable to make a particular investment at that period.

[SmartGold01]

Apparently,while trading...
It is particularly advisable that you make your investments decisions yourself and not under the influence of any person or things at all.
I'm not really crucifying the fact that relying on crypto signals to trade is actually wrong,I think that maybe after checking these signals,analyse the market yourself and see whether it would be advisable to make a particular investment at that period.

This is the reason why I don't entirely rely on people or news about crypto movement be it Bitcoin or altcoin for the price to increase but rather I will go with my instinct whatever it tells me that is what I will follow so that if incuring any lost I wouldn't have to pour the blame on someone for my lost, rather I will bear the consequences and of course before anyone venture into trading he or she should be prepared for the loss because cryptocurrency trading involve loss and profit. And of course there are people who are smart enough to benefit from the market while there are people who are so greedy against the market and whenever the price don't go on them they will regret for not selling because of their selfish nature.