Post
Topic
Board Trading Discussion
Re: Crypto day trader groups
by
dimonstration
on 12/09/2022, 12:18:50 UTC
A trading signal will not help him to much. if he have not any basic knowledge about trading or if he/she haven’t  any basic knowledge how to analyses the the token chart. If he is not aware of these he will not be able to distinguish between genuine and fake signals and this will certainly put him in a grave danger and at some point he will lose his investment by following wrong signals.
And this is the paradox with signals, someone that doesn't really know enough about the markets is not going to be capable of distinguishing when the signal they were given is good or not, and as such the signal is completely useless to them, but someone that actually knows enough about the markets to make this distinction also has enough knowledge to make their own analysis about what's happening in the market and create their own signals, making the use of those groups completely useless for them
When one can do market analysis then surely one gets an idea about the up and downs of the market.  And when he receives a signal from a trading group, he is able to analyze it himself and feel how profitable the signal is. So I think a trader needs to have basic knowledge of market analysis regardless of which group to take signals from . otherwise he will never get better profit

IMHO you are talking about mediocre trading signal base on the tone of your discussion because the real signal was meant as guide for completely noob traders for there trading moves. It includes explanation of both technical analysis and fundamental analysis. I knew that there are a lot of signal group that using the term signal on providing bullshit trading call but that is not the real purpose of signal.

Traders should really have a basic knowledge before they even start trading and trading signal is guide on what coin should be bought since it’s very hard to browse all the coins and look all the chart for buy signal.