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

[LogitechMouse]

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.

This is also the reason why I tried to learn trading in the past. Unfortunately, trading really isn't for me hence, I lost 3x.

Back when I was a newbie, I also tried to join to these signals on Telegram, and yes they're giving signals, but they're giving it to us after the coin has been pumped already. They want us to further pump the token for them to maximize the profit. They want us to get FOMOed for their sake. After I saw that it will not work on me, I left the group and tried to learn it myself. In general, I'm not saying that these crypto signals are fake, but most of them are either not reliable at all, or they're just milking you, attracting you, but in the end, you will not get the profits that you want.

Like what you said, it would be better to just learn trading by yourself. Learn through your experience and from there, make some adjustments with your strategies. It's hard to learn trading and you need a lot of capital, but it's worth especially if you're making money already.

[satpol_PP]

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.

This is also the reason why I tried to learn trading in the past. Unfortunately, trading really isn't for me hence, I lost 3x.

Back when I was a newbie, I also tried to join to these signals on Telegram, and yes they're giving signals, but they're giving it to us after the coin has been pumped already. They want us to further pump the token for them to maximize the profit. They want us to get FOMOed for their sake. After I saw that it will not work on me, I left the group and tried to learn it myself. In general, I'm not saying that these crypto signals are fake, but most of them are either not reliable at all, or they're just milking you, attracting you, but in the end, you will not get the profits that you want.

Like what you said, it would be better to just learn trading by yourself. Learn through your experience and from there, make some adjustments with your strategies. It's hard to learn trading and you need a lot of capital, but it's worth especially if you're making money already.

I also have the same experience as you in the past, following signals in the group but not accurate because of FOMO and the token position has been pumped and when we enter it turns out to make us trapped in a high price. This is very disappointing. I believe more in my own research results, do analysis and make predictions and decide on the plan that I will follow.

[Rruchi man]

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

Signal groups, either crypto or forex, cannot be accurate always and for the long term and should not be depended on. Try to learn to be an independent trader that can see opportunities in the market; that is when you will enjoy trading and have more assurance that it is what you will be doing for a while. The people who have these signal groups are more interested in the fees that people in the group pay monthly as subscription fees.

[BitMaxz]

This is also the reason why I tried to learn trading in the past. Unfortunately, trading really isn't for me hence, I lost 3x.

Back when I was a newbie, I also tried to join to these signals on Telegram, and yes they're giving signals, but they're giving it to us after the coin has been pumped already. They want us to further pump the token for them to maximize the profit. They want us to get FOMOed for their sake. After I saw that it will not work on me, I left the group and tried to learn it myself. In general, I'm not saying that these crypto signals are fake, but most of them are either not reliable at all, or they're just milking you, attracting you, but in the end, you will not get the profits that you want.

Like what you said, it would be better to just learn trading by yourself. Learn through your experience and from there, make some adjustments with your strategies. It's hard to learn trading and you need a lot of capital, but it's worth especially if you're making money already.

I have some apps that give signals I attempted to follow one of their signals, it is effective if you have a stop-loss and are not greedy but the majority of the signals generated by the app are less successful than those that can be obtained by applying technical analysis, and the majority of the signals encourage you to hold onto your position even when the profit is negative.

And honestly, we are giving them idea where our position is. As a retail trader, you should be aware of traders or companies that engage in stop-loss/position hunting. If you reveal your stop-loss or position to them, you should expect someone to take you down by manipulating the market, which will cause temporary volatility. If you do not have management risk, you will be liquidated.

So you shouldn't follow signals if you don't want to be one of those who are trapped by these signals, medium or big trading groups/companies always looking for ways to take down retail traders. They are the ones that I think created those signals.

[taufik123]

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

Signal groups, either crypto or forex, cannot be accurate always and for the long term and should not be depended on. Try to learn to be an independent trader that can see opportunities in the market; that is when you will enjoy trading and have more assurance that it is what you will be doing for a while. The people who have these signal groups are more interested in the fees that people in the group pay monthly as subscription fees.

Such signal groups are only a trap, to trick those who are beginners and buying and selling has been arranged because they are the group manager has bought early to make a profit when some signals are issued.

It used to be a lot of practice of group pump and dump and it is completely banned now, but it still exists because beginners are more interested in signals without any analysis.

Subscription fees are the main income of the group owner, not from trading profits.

[NicNacCoin]

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?

I never trust signals or predictions on cryptocurrency trading platforms. There have been many scam groups where people are fooled by doing some wrong research to cheat and brainwash people. It is always best to do your own research on the trading platform before trading. Where you will be asked to join a group that offers trading signals, they will ask you for money to allow you to be in the group. As a result, you will trust them and give them money, later it will be seen that if you trade with their signal, you will lose in that trading. Maybe two signals will work for you but you will lose the rest of the signals. So it is always better to use your own signals on the trading platform.

[LUCKMCFLY]

Believing in our own potential will be much better than having to rely on others. When we experience a loss on our own analysis, we will definitely find out what mistakes were made that made us lose, it will be a very valuable experience for us.

While when we only follow others, we may not know what the mistake is, besides we get a loss we also will not get the lessons or experiences that we should get.

In this case I have applied a lot of what Livermore says in his books, which is to look at the market, analyze it and draw conclusions about what to do, but to do that without looking at the news or anything, only with our own analysis and then after we have what to do, then we can see other analyses and the news, everything that can affect, but already taking into consideration other things, such as previous information, that can influence even our own analysis , our own Judgment, and that is not the idea, because it does affect a lot.

[Captain Corporate]

People yearn to be fooled and there are way too many people who just want to be told that there is something that can make them rich because they realize that its not that easy to get rich in any normal way so they are dealing with coping about what the yare seeing right now. I know that working for a salary isn't a way to get richer but at the same time its not going to be signals that will make them richer neither, we should be considering this as something that will not be all that easy just because someone tells you its easy way of making money, its not. This is why we should be considering how terrible it will be for a long time.

[enoch_from_off]

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

Signal groups, either crypto or forex, cannot be accurate always and for the long term and should not be depended on. Try to learn to be an independent trader that can see opportunities in the market; that is when you will enjoy trading and have more assurance that it is what you will be doing for a while. The people who have these signal groups are more interested in the fees that people in the group pay monthly as subscription fees.

Such signal groups are only a trap, to trick those who are beginners and buying and selling has been arranged because they are the group manager has bought early to make a profit when some signals are issued.

It used to be a lot of practice of group pump and dump and it is completely banned now, but it still exists because beginners are more interested in signals without any analysis.

Subscription fees are the main income of the group owner, not from trading profits.

I completely agree.
It's a Ponzi scheme of sorts, because if a person trades well, why would he sell his signals in the first place?
It's tempting to try them out though for newbies especially due to the promise of success and profit.

[$crypto$]

Believing in our own potential will be much better than having to rely on others. When we experience a loss on our own analysis, we will definitely find out what mistakes were made that made us lose, it will be a very valuable experience for us.

While when we only follow others, we may not know what the mistake is, besides we get a loss we also will not get the lessons or experiences that we should get.

In this case I have applied a lot of what Livermore says in his books, which is to look at the market, analyze it and draw conclusions about what to do, but to do that without looking at the news or anything, only with our own analysis and then after we have what to do, then we can see other analyses and the news, everything that can affect, but already taking into consideration other things, such as previous information, that can influence even our own analysis , our own Judgment, and that is not the idea, because it does affect a lot.

Well, in this case, we must do technical and fundamental analysis, as we know that we cannot miss a single thing when analyzing, whether it is from within the market itself or from news that will greatly affect price movements.

Fluctuating price movements are what make us unable to be sure in which direction the price will move, because even when we have analyzed it very well, sometimes there are unexpected movements.

[LUCKMCFLY]

Why people will not follow them? To say that each of us is greedy inside small or big and when we see various humorous advertisements on social media of those trading signal providers then a large number of us fall into that trap.
And the rest of us who can control our greed are the ones who live properly. It is not good to be blindly dependent on anything, there are many traders who provide genuine trading signals, I mean even if they provide genuine signals, their signals may still be wrong and lead to losses. So the importance of learning yourself and then trading is immense

Yes, it is a fact that things are like that, we ourselves must learn to discover how to do trading so as not to be with the signals without knowing anything, the signals do not make sense if we do not know how they originate or what their procedure is to follow them, I personally think that when things are about money you have to know how to do things, because when it is governed by an option in particular like the signals it is like crossing a street blindfolded, and that is not the idea, I will always be very faithful to the fact that you must learn and not follow signals.

[satpol_PP]

Why people will not follow them? To say that each of us is greedy inside small or big and when we see various humorous advertisements on social media of those trading signal providers then a large number of us fall into that trap.
And the rest of us who can control our greed are the ones who live properly. It is not good to be blindly dependent on anything, there are many traders who provide genuine trading signals, I mean even if they provide genuine signals, their signals may still be wrong and lead to losses. So the importance of learning yourself and then trading is immense

Yes, it is a fact that things are like that, we ourselves must learn to discover how to do trading so as not to be with the signals without knowing anything, the signals do not make sense if we do not know how they originate or what their procedure is to follow them, I personally think that when things are about money you have to know how to do things, because when it is governed by an option in particular like the signals it is like crossing a street blindfolded, and that is not the idea, I will always be very faithful to the fact that you must learn and not follow signals.

Learning from the trading signals that are shared is also good, but we must understand how to analyze the signals and where they can make trading signals. You are right, trading is a matter of money we must be careful with it, because if we are careless we will suffer losses. We must have our own analysis in trading and also learn from the trading signals given by others.

[Sukii]

Well in my opinion the crypto market is very large and it comprises of different traders some with more experience than the other but even at that no one can ever be 100 percent correct some of the signals a person gives to you may be correct sometimes and sometimes it may not be
All I can say is if you are to rely on a signals make sure it's from someone you trust very well
And also have it in mind that sometimes he's signals will not be correct not because he's not a good trader but because the crypto market can be so unpredictable sometimes

That aside I would personally advise you to learn how to depend more on yourself and on crypto signals
There's no greater confirmation than the one that comes from you

[LUCKMCFLY]

Fluctuating price movements are what make us unable to be sure in which direction the price will move, because even when we have analyzed it very well, sometimes there are unexpected movements.

You are absolutely right, however when I have done very short term trading, I am talking about 1 minute, there are fundamentals that do work, normally I have noticed that patterns are repeated, routines tend to occur, of course it is not completely 100% reliable, but I think there is a lot to trust in order to have an analysis, the less temporality the more unstable it is to do an analysis, but it helps a lot if you want to have results, that is why sometimes in the long term , or even medium term , it turns out to be very good to do the analysis for a person focused on investment , it has a lot to do with the type of trader you want to be.

[$crypto$]

Fluctuating price movements are what make us unable to be sure in which direction the price will move, because even when we have analyzed it very well, sometimes there are unexpected movements.

You are absolutely right, however when I have done very short term trading, I am talking about 1 minute, there are fundamentals that do work, normally I have noticed that patterns are repeated, routines tend to occur, of course it is not completely 100% reliable, but I think there is a lot to trust in order to have an analysis, the less temporality the more unstable it is to do an analysis, but it helps a lot if you want to have results, that is why sometimes in the long term , or even medium term , it turns out to be very good to do the analysis for a person focused on investment , it has a lot to do with the type of trader you want to be.

Actually, every time frame that we use will definitely create a pattern that shows or becomes a signal that we can enter at certain patterns, but of course it is not easy because we still have to look at other indicators and also the existing fundamentals.

The difficult thing is determining where our point will enter, because it could be a movement that is not the same as our analysis. Once again, the market can change so quickly.