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

[MrSpasybo]

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.

Well, the admins behind these signals are just ordinary people and they can make mistakes often. The purpose of the signal channel is to charge members directly or to get more referrals and passive income on CEXs. I don't think these signals are really reliable, the more important part could be the habit of setting stop-loss orders and managing capital most effectively.

I also believe that each trader should master their own trading journey instead of just waiting and blindly trusting trading signals. They need to improve their own abilities to escape market manipulation plans or avoid being deceived and becoming liquidity providers for admins who want to trap members to take profits.

[Crypto Library]

Well, the admins behind these signals are just ordinary people and they can make mistakes often. The purpose of the signal channel is to charge members directly or to get more referrals and passive income on CEXs. I don't think these signals are really reliable, the more important part could be the habit of setting stop-loss orders and managing capital most effectively.

I also believe that each trader should master their own trading journey instead of just waiting and blindly trusting trading signals. They need to improve their own abilities to escape market manipulation plans or avoid being deceived and becoming liquidity providers for admins who want to trap members to take profits.

Yeap, lately I have seen on my social media i mean on facebook and youtube many people are promoting their telegram channel where they give free signals and make people greedy they have earned a lot of money and by following their signal other people are also owning a lot of money overnight. And I will agree with you here that you said that such publicists are doing such promotions in the media only for referrals and light nothing income.

And besides, those who only give signals and don't teach anything else about trading are frauds from before, and I will continue to think so.  And it would be best not to follow them.

[nakmantu99]

Well, the admins behind these signals are just ordinary people and they can make mistakes often. The purpose of the signal channel is to charge members directly or to get more referrals and passive income on CEXs. I don't think these signals are really reliable, the more important part could be the habit of setting stop-loss orders and managing capital most effectively.

I also believe that each trader should master their own trading journey instead of just waiting and blindly trusting trading signals. They need to improve their own abilities to escape market manipulation plans or avoid being deceived and becoming liquidity providers for admins who want to trap members to take profits.

Yeap, lately I have seen on my social media i mean on facebook and youtube many people are promoting their telegram channel where they give free signals and make people greedy they have earned a lot of money and by following their signal other people are also owning a lot of money overnight. And I will agree with you here that you said that such publicists are doing such promotions in the media only for referrals and light nothing income.

And besides, those who only give signals and don't teach anything else about trading are frauds from before, and I will continue to think so.  And it would be best not to follow them.

If the trading signals that people share on social media make people rich, that's a good thing because it's given for free. But I've also followed something like this but didn't get anything. So I decided to learn trading by myself without looking for a group that shares trading signals.

[Crypto Library]

If the trading signals that people share on social media make people rich, that's a good thing because it's given for free. But I've also followed something like this but didn't get anything. So I decided to learn trading by myself without looking for a group that shares trading signals.

To me, those who provide these services seem more like bogus saints who make people blind by showing magic with their hands, especially in India where these bogus saints bring gold by turning their hands. And if things were true then there would be no more poor people in the world, there would not be so much poverty in the world.  Those who provide these signals usually try to make money by selling referrals from people and some packages.

I don't trust them now and currently I am investing as much as I can with my knowledge and experience and currently I am focusing more on long term investments as these investments require less technical analysis.

[satpol_PP]

If the trading signals that people share on social media make people rich, that's a good thing because it's given for free. But I've also followed something like this but didn't get anything. So I decided to learn trading by myself without looking for a group that shares trading signals.

To me, those who provide these services seem more like bogus saints who make people blind by showing magic with their hands, especially in India where these bogus saints bring gold by turning their hands. And if things were true then there would be no more poor people in the world, there would not be so much poverty in the world.  Those who provide these signals usually try to make money by selling referrals from people and some packages.

I don't trust them now and currently I am investing as much as I can with my knowledge and experience and currently I am focusing more on long term investments as these investments require less technical analysis.

Don't trust those who share the signal, if they are really experts, they will not share it because they are only looking for profit from it. We should trust the knowledge and experience that we get during trading, because it is better than trusting those who are not clear.

[sonaa]

Then we should understand what is trade.  Then you should know how to create your own trading plans.  What's worse is using the signals that bots give you.  Bots should not be trusted too soon. To be a good trader one should understand its basics.  If there should be more information about it, then we do not have to suffer any loss.

[UNIVERSE]

You shouldn't trust the signals made by other people. They are not trustable, many of them just want to take advantage themselves. Why you don't make your own signals? I think everyone must have the ability to make a research or analysis. So, we can be independent, we don't need the help of other people's signals. If we want to be professional traders, we don't rely on the signals made by other people. It will never make us to be smart traders.

[Ujok]

Don't be completely sure of the signals applied by the market, it's better for you to understand and how to trade by looking for information either from current news or from people who have more experience in this field. Don't forget to ask that person to teach you to understand signals without an application, but in my opinion, in trading, predicting the market is very difficult and if our predictions are correct it is just coincidence or luck.

[Crypto Library]

Don't trust those who share the signal, if they are really experts, they will not share it because they are only looking for profit from it. We should trust the knowledge and experience that we get during trading, because it is better than trusting those who are not clear.

Yeap, really shouldn't trust those who only provide signal and many times ask for subscription to provide signal.
I think there are two categories of people who provide signals, one is the category of people who can't be trusted as I already mentioned, and the other category is those who provide signals and also give details about signals, and they don't just provide signals or various fundamental knowledge or  Helping people to gain knowledge about technical analysis are what I call legit traders who can be somewhat trusted.  But in the end it will be seen that one's analysis skills matter the most when it comes to trading.

[JISAN]

Don't trust those who share the signal, if they are really experts, they will not share it because they are only looking for profit from it. We should trust the knowledge and experience that we get during trading, because it is better than trusting those who are not clear.

Yeap, really shouldn't trust those who only provide signal and many times ask for subscription to provide signal.
I think there are two categories of people who provide signals, one is the category of people who can't be trusted as I already mentioned, and the other category is those who provide signals and also give details about signals, and they don't just provide signals or various fundamental knowledge or  Helping people to gain knowledge about technical analysis are what I call legit traders who can be somewhat trusted.  But in the end it will be seen that one's analysis skills matter the most when it comes to trading.

Those who are real professional traders profit a lot from trading so they don't waste their valuable time by sharing signals with others or giving paid signals.  And those who can do some analysis and their signals do some work, then they do business by sharing services like paid signal sharing.  I don't believe them.  Because we all want to do something from which we will get the maximum benefit.  So those who share paid signals have the highest profit, they also don't know how to make good profit from trading by selling signals.

[Crypto Library]

Those who are real professional traders profit a lot from trading so they don't waste their valuable time by sharing signals with others or giving paid signals.  And those who can do some analysis and their signals do some work, then they do business by sharing services like paid signal sharing.  I don't believe them.  Because we all want to do something from which we will get the maximum benefit.  So those who share paid signals have the highest profit, they also don't know how to make good profit from trading by selling signals.

That's true that those real professional trader will not West their time for selling their signal for a few bucks. Because the time there will invest here if the y use the time for making analysis will make them more profitable or more earning. So in that case no wise trader will don't like this the signal provider.
Moreover, I have talked about some other traders who really want to earn, besides some other people learn this trading and earn, those traders will sometimes tell their followers about how to earn the basic knowledge of trading and how to do technical analysis.  I'm talking about traders who can be trusted not only to give signals but also to teach trading.

[LUCKMCFLY]

Moreover, I have talked about some other traders who really want to earn, besides some other people learn this trading and earn, those traders will sometimes tell their followers about how to earn the basic knowledge of trading and how to do technical analysis.  I'm talking about traders who can be trusted not only to give signals but also to teach trading.

That's very good, however this Initiative makes those who follow the signals be there, because it is a fact that everyone wants to learn, everyone wants to win but each one of us wants to learn to make money without having to follow signals that we do not see sense in, when we learn we already have another criterion, however I have seen that the majority of the signals are for very short time intervals, and that is good, but it is something that we must be clear about , for Example I have read many books on trading, but when they put me to do a very short term trading, well I don't know how to do it, because the fundamentals Change.

[rizqillah]

Moreover, I have talked about some other traders who really want to earn, besides some other people learn this trading and earn, those traders will sometimes tell their followers about how to earn the basic knowledge of trading and how to do technical analysis.  I'm talking about traders who can be trusted not only to give signals but also to teach trading.

That's very good, however this Initiative makes those who follow the signals be there, because it is a fact that everyone wants to learn, everyone wants to win but each one of us wants to learn to make money without having to follow signals that we do not see sense in, when we learn we already have another criterion, however I have seen that the majority of the signals are for very short time intervals, and that is good, but it is something that we must be clear about , for Example I have read many books on trading, but when they put me to do a very short term trading, well I don't know how to do it, because the fundamentals Change.

Honestly I never believe in the trading signals that are shared because I believe more in my own research and analysis, because investment is related to our money, we should not trust our money to others. Because by learning by ourselves we will have experience and knowledge in trading and investment.

[legend45]

Moreover, I have talked about some other traders who really want to earn, besides some other people learn this trading and earn, those traders will sometimes tell their followers about how to earn the basic knowledge of trading and how to do technical analysis.  I'm talking about traders who can be trusted not only to give signals but also to teach trading.

That's very good, however this Initiative makes those who follow the signals be there, because it is a fact that everyone wants to learn, everyone wants to win but each one of us wants to learn to make money without having to follow signals that we do not see sense in, when we learn we already have another criterion, however I have seen that the majority of the signals are for very short time intervals, and that is good, but it is something that we must be clear about , for Example I have read many books on trading, but when they put me to do a very short term trading, well I don't know how to do it, because the fundamentals Change.

Honestly I never believe in the trading signals that are shared because I believe more in my own research and analysis, because investment is related to our money, we should not trust our money to others. Because by learning by ourselves we will have experience and knowledge in trading and investment.

In the past, I followed the trading signals that were shared, several times I made a profit and then I also experienced a loss, finally I decided to hold long-term with bitcoin and do scalping when the market is rising and I no longer use trading signals because by always monitoring the market we can do trading.

[SamReomo]

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

There's no such thing as crypto signals, all the people or groups that promote crypto signals are often reward for their approach.

Some of those earn profits from referral programs while others earn profits by selling advertisements of coins/tokens on their channels.

Those people who rely on crypto signals often end up losing money in crypto world and that's why I believe no one can guide such people, and all those guides might be attempts to gain attention only.