📊Crypto signals. How not to get into the trap?

8 juil. 2022

Hi friends! There are different associations with FREE SIGNALS. The thing is that newbies, when they come into crypto, get different experiences with such free signals and lose part of their deposit or break-even. In this idea I will tell you about the most popular beginner's mistakes and how to identify a scam and not fall into the trap.

First of all, let's understand what ytading signals are.
🚩Trading signals are a trader's suggestion for a group member with data about: ticker, trade size, stop-loss and take-profit, leverage, etc.

📈The purpose of using cryptosignals is simple - to make money with another person's knowledge. Just like in accounting, we turn to accountants and don't learn accounting on our own. If we need to build a three-story house, we ask an architect to do a blueprint of the house rather than do the sketch by ourselves.

After all, free signals can be called many things. A car is a general concept. But a Mercedes S-class and a Renault Logan are two different cars.

📊Why beginners use crypto signals:
1. they don't have enough experience to trade independently and are afraid of losing their deposit.
2. fast learning of trading in practice.
3. they don't want to lose much time analyzing charts and trading situations. This is suitable for those who have full time job and want to get additional profit.

📊But is everything always as fabulous with crypto signals as a beginner imagines? Of course not, most of the low ones are made to swindle money. But why do novice traders make such mistakes:
1. they trust one-day groups in social networks. This is absolutely wrong, you must always check the history of posts and the number of views.
2. They believe crypto-influencers who make money from advertising such groups with signals.
3. Trying to use all capital to trade with high leverage without risk management. Never forget about risk management in trading. This is the first and basic rule.
4. Don't check trading statistics and don't look at the results of previous trades.

📊How not to get into the trap:
1. Ask for trade statistics, trading history.
2. is this the first time you see this person or have you been following him for a long time?
3. Check social networks, in case it is a one-day band.
4. Read feedback from real people.

💹Using this guide you can easily tell the difference between a trustworthy company and a scam. Your goal is to increase your capital, not to waste your time and money.

🏁Traders, if you have any questions about trading sigals write in the comments or in the DM and check the profile link.

💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.