What are your thoughts regarding trading signals? What do you guys think is the best crypto signals group on telegram?
There are many crypto signal groups out there on telegram, but you have to be careful when you are selecting. Most of them would make promises that they won’t be able to achieve, and at the end they put their members at the risk of losing their money in the market.
If you would be able to learn how technical analysis works and how to predict the price yourself, that would be the best. Because, there will be no guarantee than such signal groups will always work for your betterment. It means they may slip down at any time. So, learning about technical analysis will always help.
In my opinion, most of the crypto signal groups in Telegram only use their members for the personal gain of the signal group owner. Usually
the owner of the signal groups has bought certain coins before, and after that gives signals to members, to buy the coins at a higher price than
the price purchased by the owner of the signal groups. So it's no wonder the owner of signal groups always profit and get rich because of it,
therefore I never trust crypto signal groups.
Like you said it's better to learn to do market research and analysis by ourselves, it must be done if we want to be a successful trader. Because
I have tried several times to follow some of the crypto signal groups on Telegram, and none of the crypto signal groups give me the signals that
satisfy me. After all, following the signal groups will not increase our trading skills, it will only make us dependent on other people's analysis.
Instead of joining the signals group, it is better to spend money to follow the trading course, it is much better to make us understand how to analyze
the market.