Last Update 27/07/2021

How do you know if crypto trading signals are for you?

Do you want to be on a regular basis crypto trading signals receive? When you buy the "right" coins, you can expect excellent returns. That's exactly what crypto signals do: they help you recognize which cryptocurrencies have the greatest potential.

Crypto trading signals can be based on multiple factors such as technical analysis, recent news, rumors and the current market situation. If you prefer, you can also opt for crypto trading signals sent out by professional and experienced traders. Of course, you can only take advantage of these crypto trading signals if they are reliable and have a proven track record. If not, you should do your own analysis as it would likely yield better results.

To trade cryptocurrencies, you need to have a certain amount of experience. Just like everyone else, you have to build it up along the way. Free crypto trading signals can be a great way to build this kind of experience.

Crypto trading signals are trading ideas or suggestions to currency to buy or sell for a specified price at a specified time. These signals are either generated manually by a professional trader or by trading algorithms and robots that automatically send trading signals. Usually these signals also state a take profit and a protective stop loss. In principle, you should be covered on all sides.

Today there are many crypto trading platforms that allow copy trading. If you sincerely believe in your trading abilities, you can use these platforms to share your trades with others and make additional profits.

There are free crypto trading signals, but if you prefer something more reliable, you have to pay a monthly subscription fee to a crypto trading signals service provider. Monthly, quarterly, and even annual subscription plans are available. The service provider in question will send you the trading signal directly to your email, smartphone or other fast means of communication.

How should you read crypto trading signals?

The first element of a typical trading signal normally indicates what action you have to act. When trading cryptocurrencies, there are only two types of action you can take: buy or sell.

The second element of a crypto trading signal indicates which coin you need to buy or sell. We need a certain instrument to buy or sell.

All crypto trading signals service providers will give you the price tell you at what price you should buy or sell a cryptocurrency. This price can be the current market price or a price that is above or below this market price. If you get a signal about a coin to buy or sell, you need to act quickly to get the same price. In most cases you will get a slightly different price if you get a crypto trading signal for a certain market price value. For example, you may be using another crypto exchange, which has slightly different prices, or the market is moving too fast due to the high volatility to be able to buy or sell at the same price. Of course, if the market hasn't moved too much, you can still benefit from this kind of crypto trading signal.

Good trading signals also mention a take profit en stop loss that offer you a solid risk-reward ratio. By setting up these kinds of orders, you don't have to keep an eye on your trades all the time. So you don't just have to guess when to close the trade. That would be difficult in principle, because it wasn't even your idea in the first place. So you will not know what the motives behind this transaction are unless they have been indicated in advance. Using a predetermined stop loss is a great way to minimize losses related to unfavorable changes in the crypto price.

Furthermore, a service provider of crypto trading signals additional analysis and supporting graphs to add. This additional information can be sent in various forms. For example, a service provider may provide you with methods to track your stop loss or to include a time element and inform you to close the trade at a specified hour. In doing so, you can even receive a full analysis of the rationale behind this particular trading idea.

There are two types of cryptocurrency traders. The first type is the trader who wants to master the art of trading and who wants to put in the necessary time and effort. The second kind are crypto traders who want to make money without putting in too much effort.

If you fall into the second category, you should try to use some of the best crypto trading signals to achieve your goals. However, if you fall into the first group, you should try to use crypto trading charts to analyze the crypto market. This way you will be able to find the best trading signals for yourself.

By following a crypto trading signals service provider, you are essentially shifting the responsibility onto someone else. In such a situation, it is easy to blame someone else if the strategy followed doesn't work.

To trade crypto successfully, you need to take some responsibility and understand the reasons behind a trading signal. By making your own analyses, you will gain more confidence and be able to respond more quickly to the market.

If you want to make big profits as an independent crypto trader, you need to learn how to trade crypto yourself instead of relying on others. However, if you believe that crypto trading signals can help you grow your crypto account, you can use one or several platforms that allow copy trading.

Everyone decides for themselves whether copy trading is a good idea or not. You should keep in mind that reliable trading signals are very difficult to find. However, if you want to leave the entire decision-making process to a professional and you don't have enough time and experience to analyze the crypto market yourself, it can be a good idea to rely on the signals of others.

What are the best free crypto signals?

Below you can check out the best crypto trading signals that we have tested and consider to be the most interesting. This list is in no way sponsored.

  1. learn2trade
  2. crypto signals
  3. 2Moon
  4. CryptoAlarm
  5. Crypto Signals Guru

Crypto Telegram Groups

Crypto signals are becoming more and more popular in the crypto trading community. These signals are thoroughly researched by a team of experienced traders who then tell you exactly which cryptocurrencies to buy and when to sell. This allows you to outsource transaction tracking and tracking and still earn significant returns. The success of such crypto trading signals is remarkable, and new groups are added every day. Since it can be difficult to decide which group to join, below we list the best crypto signal groups on Telegram.

1. MYC Signals (@MYC Signals)

MYC Signals consists of a team of crypo experts who each have more than 5 years of experience.

2. Fat Pig Signals

Fat Pig Signals is a solid group that provides trades for Bitmex and Binance traders.

This group is known for their technical analysis that accompanies every trading signal they give.

3. Verified Crypto Traders

This group is based in the Netherlands and consists of a team whose members are located in different countries, including Portugal, Belgium, the Netherlands, the United States and the United Kingdom.

4. 4C Trading

4C Trading is a team of 15 experienced specialists, each specialized in a specific sector, such as marketing, sales, finance, IT, development, administration and much more.

5. Whale Tank

WhaleTank is a team of 12 European and Israeli based traders who strive to help their clients make a profit by safely trading volatile crypto markets.

The best crypto trading signals for Binance

There are also Telegram groups that specifically target traders using the Binance trading platform. Below you will find out which Telegram groups may be of interest to this type of merchant.

1. AltSignals Binance

AltSignals was founded in late 2017. It is one of the oldest Telegram crypto trading signals groups in existence and provides highly accurate trading signals.

2. Crypto Signals

CryptoSignals is by far one of the best Binance trading signal channels on Telegram. Users can join the official Telegram channel and start receiving some of the best signals on the market.

3. Verified Crypto Traders

Like AltSignals, Verified Crypto Traders is one of the oldest Telegram groups for crypto trading signals. This group saw the light of day in the Netherlands in 2017 and is known for its accuracy, consistency and excellent risk-reward ratio.

4. Universal Crypto Signals

Founded in 2018, this Telegram group is popular with traders for its accurate trading signals.

5. Binance Killers

Binance Killers has been known for many years as one of the best options for altcoin trading signals. They send an average of 1 to 2 signals per day and can fall back on an accuracy of 97%.

Conclusion

Trading signals can be a lucrative method of generating higher returns. Most service providers provide signals for a specific platform, such as Binance, BitMex, Coinbase PRO or Bittrex. If you are interested in the crypto world but don't want to put too much time and effort into it, crypto trading signals could be an ideal solution for you!

Paula

Paula critically researches the market of automatic crypto trading platforms and writes general articles about the world of cryptocurrencies.