Trading cryptocurrencies, especially if you are a beginner, can be difficult. Using the best crypto signals, on the other hand, eliminates the need for in-depth study and analysis, allowing you to streamline your trading with daily and weekly trade ideas.
If you’re looking for a way to acquire cryptocurrencies without having to spend a lot of time in front of a price chart, utilizing crypto buy and sell signals is one of the best options.
A trading signal service is developed by a team of expert traders and analysts who give suggestions on how to buy, sell, and trade cryptocurrency in order to increase overall profit.
Expert traders’ recommendations to buy or sell a specific cryptocurrency at a specified price or time are known as crypto signals. News, technical analysis, and the current market condition can all be used to produce cryptocurrency trading signals. A trader who chooses the proper one can increase their profits and improve their trading strategy.
While you could just simply search up a signal group and plug into it, you also should understand how social trading works. Additionally, ensure that your trades are being effectively managed by the signals manager and conduct proper risk management practices so you do not end up losing your assets.
The most significant benefit of social trading is that they provide valuable trading data to its members. With the insights that they provide, you can effectively manage your assets.
With signals, you learn how to set targets, stop losses, and the appropriate timeframes to exit and enter a trade to maximize your profits. Signals provide more in-depth information than the general guides you might come across on the internet or social media.
The Information provided by the various Crypto Trading Signals providers:
Telegram’s huge popularity for crypto trading is primarily explained by the density of the crypto trading community on the platform. It’s known to be the best tool for broadcasting messages to a large audience. Telegram does not have a limit to group members, unlike other messaging platforms.
Telegram also focuses on privacy more than other messenger apps. You can also use more automated messaging bots on the platform, significantly better than what you can get on WhatsApp. Traders can take advantage of the RSS and automated bots to create special broadcasts and share them with their group members. This comes very handy when dealing with trading signals and can optimize the efficiency of the signal providers which ultimately increases the number of signals provided.
When conducting the list, we looked into different criteria to better evaluate a set of Telegram signal channels. One of the most apparent ones is the frequency of the crypto trading signals. Traders that have a more fast-paced trading strategy, somewhat similar to HFT, will be looking for channels that provide more than 5 signals per day. On the other hand, there are investors who prefer the more stable option of just receiving one to two signals a day which takes less time out of their day.
The price can be one of the key considerations for traders when choosing a Telegram signals channel. The luxury of using high-quality signals does not come for free, though there are some free versions available they usually just provide one free trading signal for a day or even a week. Most of the free channels also have premium chats where they have more frequent signals and the joining requirement is to pay a monthly fee.
Another major criterion to look for is the overall experience level of the people behind the signals. Make sure to double-check if the provider team is reliable with enough experience in crypto trading to be offering this type of service. Make sure review the signals providers on the high authority websites like ForexPeaceArmy and ready the reviews, or look at the “about us” section in the providers section and do you research.
Over 10,000 traders use Learn2Trade, making it suitable for traders interested in investing in Bitcoin or a variety of other cryptos. Learn2Trade’s cryptocurrency signals are produced by a team of expert traders with a combined 15 years of market experience, assuring a higher level of trustworthiness.
This popular Crypto trading Signal channel provides a free Telegram group as well as a Premium subscription. The company’s free Telegram group offers some of the greatest crypto signals on the market, with three signals each week and a 76 % success rate. Users who join the Premium channel will receive 3-5 daily signals with stop loss levels, entry points, as well as take profit levels.
To get into the Premium crypto trading signals channel you have to purchase a subscription of £35 per month. Learn2Trade offers a variety of pricing options, including a great “Lifetime Membership” for just £250. Members of Learn2Trade’s Telegram groups will also get access to daily technical analysis, weekly webinars, and notifications on key economic events, in addition to trade signals.
Founded in 2017, Verified Crypto Traders is one of the earliest crypto trading signal providers on the market. This crypto signal provider is the only one in the Netherlands that has registered within the Dutch legal framework. They have a staff of professional traders from the Netherlands, Poland, the United States, and India.
Verified Crypto Traders is most known for their Platinum club videos, which are offered by Eric, an experienced trader with 30 years of expertise who focuses on building a portfolio for long-term stability. Through various webinars, they provide risk management recommendations and technical analysis training which helps users to enhance their trading skills.
The premium version of Verified Crypto Traders comes with market average fees. The monthly plan comes with a cost of $99 a month. Besides, the signal provider offers the option to upgrade for quarterly, bi-annual, or annual subscription plans at $270, $540, and $999 respectively, which saves you money in the long run.
Fat Pig Signals is another popular Telegram group offering Bitcoin trading signals and other major cryptocurrencies such as Ethereum, Litecoin, Tether, etc. Led by experienced traders, some users might even consider it a veteran of crypto trading and signals.
Fat Pig Signals, like most signal providers, has a public Telegram group and a private Telegram group for VIP users. To join the VIP channel, you must pay a fee. As of the time of writing, the free channel had more than 60,000 members, while the VIP channel has about 10,000 subscribers. Please keep in mind that the free channel simply provides you with vital market news and updates, as well as a few VIP channel signals.
Another option if you’re interested in auto trading the crypto market is AltSignals. AltSignals is a colossal crypto signals provider that has been in operation since 2017, boasting over 50,000 members at the time of writing. The platform notes a retention rate of over 75%, with over 3700 trade signals being sent since AltSignals was launched. Notably, AltSignals’ mission isn’t just to provide trade ideas – it’s also to coach traders to become more efficient in the market.
AltSignals, a crypto signals Telegram channel, provides trading suggestions for BTC, ETH, LTC, XRP, and other cryptocurrencies. The “Binance Futures” service, costs £99 a month and provides signals with various risk-reward ratios. Additionally, the website does contain a separate “Results” area that displays each service’s monthly trade performance.
MyCryptopedia, a renowned crypto-education website, offers MYC Signals, a crypto trading signals service. This signals provider provides an experienced trading team with between 50 and 70 trade ideas every month. Since its founding in 2017, MYC Signals has grown into a Telegram group with over 40,000 members that have been giving high-quality signals.
One of the most notable features of this supplier is that they give three distinct signal packages from which to pick. Users may choose from bundles that include only BTC, BTC + altcoins, or crypto futures. Furthermore, traders will receive only the signals they require and will not be charged for any irrelevant information. The BTC-only bundle costs $60 per month, while the other two packages cost $120 and $150 per month, respectively.
Though you might come across some illegitimate signals channels due to the popularity of the market, there are numerous legitimate crypto signals that provide backed up win rates.
The market standard of receiving a crypto signal is through the Telegram messaging app. Be sure to have the application and review our suggested crypto channels and join them and get notified about the trading ideas via messages.
Traders can join free versions of the crypto trading signals channels, but most of the time these channels have separate VIP channels which have a subscription fee and provide more accurate and frequent signals. Some VIP channels also provide educational content, webinars and Q&A sessions which might be beneficial for beginner traders.