Crypto Signals How Accurate Are They and Should You Trust Them?

[Cech1337]

Hi everyone,

Lately I have witnessed many people being tricked into fake crypto signals. So, we decided to research and prepare a guide containing information regarding the accuracy of such signals and potential pitfalls to look for.

Raised wondering if anyone of you has good or bad things to share with them?

Here’s what we found: A Simple Tutorial on Crypto Signals What do you think? Should be believed or it is just another undeveloped trick?
 

[_act_]

People that believe in signals later regret it after losing. If you like to trade, learn how to trade. But learning how to trade also does not guarantee that you are going to make money from trading. Use the money that you can afford to lose to trade. Trading is very risky.

[Findingnemo]

Hi everyone,

Lately I have witnessed many people being tricked into fake crypto signals.

Let me tell you the truth every crypto signal is scam scheme, cause no one is ever gonna know what's coming in the future.

We all can do our predictions based on the indicators we use with the technical analysis and you will get different results when you use different set of indicators and that's how inaccurate the analysis can be.

So don't attach yourself with analysis alone especially when someone asking money to do that.

[|MINER|]

I never prefer anyone to invest without knowing details about trading.  Be it following a bigger trader or a bigger or better group for signals. From what I have seen in my observation till date, while trading, many big traders also face losses many times and on the other hand, many small traders do not lose due to taking technically good trades.  From this point of view, why should you follow others and lose your money?

Moreover, I can confirm that most of the groups that provide such trading signals are scammers.  Just by showing some temptation they will grab some money from you as subscription or package. So in this case my suggestion will be that first understand about trading gain good knowledge about trading then start trading depend on yourself.

[milewilda]

When it comes to crypto signals then there are tons of  groups out there which neither free or those paid ones but actually neither of those groups wont really be having that kind of assurance
on how good their signal is. If you are someone whose really that a fan on checking out others analysis then it would be worth on checking out with those free ones rather than on paying up something on which you could actually get it for free or something that you could really be able to make on for yourself. Also making up some own analysis is something which is worth
and wont really be giving out any regrets just in case you would really be losing some trades.

[Fivestar4everMVP]

Hi everyone,

Lately I have witnessed many people being tricked into fake crypto signals. So, we decided to research and prepare a guide containing information regarding the accuracy of such signals and potential pitfalls to look for.

Raised wondering if anyone of you has good or bad things to share with them?

The crypto market is generally unpredictable, and for this reason, I personally will not trust crypto signals from some random persons or a social group or channel, but then, I never will hurt much to have a very limited number of reputable persons whom we can follow and listen to, this reputable persons should have a very high degree of knowledge and also possess a great network of high level following in the industry, and their status makes them look like insiders.

Like I currently have a guy on X (formally known as Twitter) whom I am following, and I follow all his signals when it comes to project operating on the Ton blockchain, he seems like a Ton insider and he is hardly ever wrong with his signals or predictions, I've invested in several projects he mentioned and profited greatly.

So, when it comes to signals, we should not trust just any random person out there who comes and claim to know the market more than they know thmself, we should only trust and follow signals from who are well informed and act as insiders to some degree.

[Hatchy]

What do you think? Should be believed or it is just another undeveloped trick?

Its better to understand what trading is. Learn how to do you can create your own trading plans for yourself. I don't think it's good to trust signals made by other people as sometimes they might be wrong. What more worse is using signals giving to you by bots. I don't trust bots for any reason. To be a good trader you have to understand the basic so that even when you are giving a signal, you would be able to check for your self if such signals are valid for your entry and avoid unnecessary losses.

[electronicash]

signals are not accurate. the indicators in our chart may say a trend is forming and it down trend, it may happen immediately or not but it could change back again especially if you are in the 4 hour chart or daily chart.

the only trend that is stable is in the long charts like the weekly or monthly but you won;t be trading using the data from this chart as a day trader. traders can pin point where the support and resistance and what price could be the bottom but there is no accuracy.

[Faisal2202]

Hi everyone,

Lately I have witnessed many people being tricked into fake crypto signals. So, we decided to research and prepare a guide containing information regarding the accuracy of such signals and potential pitfalls to look for.

Raised wondering if anyone of you has good or bad things to share with them?

I like the article, it's straightforward and engaging. Is this your blog?

Checking track record is not enough I also check 10 or 20 last trades that the provider has shared to calculate the profit and loss ratio and unfortunately, whenever I follow the next signal, it turns out to be a loss one. I mean, I bought Near token at 1.176 and sold it with after some cents, not even at $2, by following some signal provider and Near hit $8 I mean, I was so frustrated but I did not give up.

I followed another signal provider and checked the record, it was good, so I planned to follow his one trade to buy C98, and it was also in loss and still in loss till now. I have been following many singal groups, but the one that was a giving good coins was wise advice, and there is this Chinese dude forget the name of his YT channel.

[joniboini]

I skim read your article and while some points are good, I think you should explain more in your writing. For example, analysis about timing or reputable source can be explored further, especially if you can give real examples. "Signal from a reputable firm" is way too general, and while it's not wrong newbies probably can't figure out which firm are relevant here. That being said, I do believe people are better of not trusting any signals regardless of where it come from as mentioned above.

Btw, I'm not sure what's the point of the "Rich point media suggestions" part. Is it a leftover from one of your posting tool?

[jeraldskie11]

There are traders who really profitable and give trading signals. But there's catch on that especially those who sell signal is that, if they can really make profit with trading then why they don't give it for free. Honestly, if we are in his situation that we discover a very high win rate strategy we will avoid social medias and keep earning money. So for me, most of those guys are not real profitable traders, they just know how to lure us to make us think that they are real. I will rather trade my own money than to rely on signals.

[Hisbullah]

There are traders who really profitable and give trading signals. But there's catch on that especially those who sell signal is that, if they can really make profit with trading then why they don't give it for free. Honestly, if we are in his situation that we discover a very high win rate strategy we will avoid social medias and keep earning money. So for me, most of those guys are not real profitable traders, they just know how to lure us to make us think that they are real. I will rather trade my own money than to rely on signals.

Don't trust those who make money by selling trading signals, because if they are really experts, they will focus on trading themselves to make a lot of money, there is no need to attract people to buy the trading signals. They will probably stay away from social media and focus more on their lives as expert traders.

[Crypto Library]

Hi everyone,

Lately I have witnessed many people being tricked into fake crypto signals. So, we decided to research and prepare a guide containing information regarding the accuracy of such signals and potential pitfalls to look for.

Raised wondering if anyone of you has good or bad things to share with them?

Here’s what we found: A Simple Tutorial on Crypto Signals What do you think? Should be believed or it is just another undeveloped trick?

Before giving your answers let me tell you a real life experience.  When I was new to trading I used to follow a group called I Mean Telegram Group.  There were often free signals and they had a premium group where signals were also given about future trades, now the main interesting thing is that one day I took a trade based on their trading signals and later it turned out that I made a small profit on that trade.  Seeing that I thought I should take their premium package but after another day following their signals and taking trades I saw that I lost.

And besides, I saw another thing that they don't have any reliable feedback, especially the feedback that they have is centralized and then I doubted why they came to earn some money only by showoff.  An even more interesting thought is that I saw another group's signal and their group's signal the same, meaning they were copying that group's signal.  So after knowing these things if you trust the group that gives the signal then I would say it is entirely your responsibility.

[yhiaali3]

I think that such guidelines about signals are good, they are basically educational as they explain what signals are, what types they are, who creates them and whether they should be trusted or not, I think that this will be useful for beginners who are deceived by advertisements and fall victim to fake signals.

Personally, I have tried many signals on Telegram, whether free or paid, but the benefit was very little, so I think that it is better not to use them, especially paid ones, while free ones can be tried as long as there is no loss.

[TomPluz]

People that believe in signals later regret it after losing. If you like to trade, learn how to trade. But learning how to trade also does not guarantee that you are going to make money from trading. Use the money that you can afford to lose to trade. Trading is very risky.

Well, am not using any trading signals yet but I heard that there are really good on this based on the experiences of the people who are using them but still there are many risks involved with trading and much more so if we are depending on other people to decide for us what to do. Now, the best thing to do is to learn trading ourselves and come up with our own personalized strategies to be a winner in the market. Trading is not something like a child's play...there is a big learning curve here and only people who are investing the time, effort and of course money can be on the top of their game.