Cryptocurrency Guide: 8 Best Crypto Trading Signals
The cryptocurrency market is among the most popular financial markets for investing your money. Various free and paid crypto trading signals are available for you, which help you to trade effectively. Let us learn more about digital currency in this article.
Here's a quick look at what you'll read
Crypto signals are trading alerts that help the trader buy and sell currency to make maximum profit.
Many signals providers provide signals on social media platforms. You can get paid and free crypto signals on WhatsApp, Instagram, Twitter and Telegram groups.
Jacob Crypto Bury, WOLFX, Cryptosignals.org, CoinCodeCap, Binance Killers are some best crypto trading signals providers.
- Analyze the service
- Watch Market
- Effective understanding of signals
- Use of risk management tools
- Continuous monitoring
Trading in digital currency
Cryptocurrency trading is the buying and selling of digital money. A trader speculates the price movement to make money in the market. You can trade crypto by opening a CFD account or buying and selling crypto via exchange.
According to the information, there are more than 22000 cryptocurrencies available, but not all exist. Bitcoin, Ethereum, Litecoin, and Tether are majorly traded cryptocurrencies.
Cryptocurrency trading example
Let us understand crypto-trading with an example. Suppose a person trades in Bitcoin. If he believes that the value of crypto will rise in the future, he will buy it, and if not, he will sell the bitcoin.
Now how will a person speculate that the value of crypto will rise or fall? Like forex trading, the crypto’s value is affected by certain factors such as supply and demand, market sentiment, Technological development, government policies and other factors.
It is not possible for a trader to study all these factors in order to predict the market. That’s when you will require crypto signals.
What are Crypto signals?
Crypto signals are trading alerts, suggestion, indicators or recommendation that helps the trader to buy and sell currency to make maximum profit.
It also allows the traders to take effective decisions and determine the take profit, stop loss and other pivot points. These alerts are generated based on technical analysis of data, algorithms or by expert suggestions.
Where to get the best free crypto signals?
Many providers provide Crypto signals daily on social media platforms to promote their products and services. You can get paid and free crypto signals on WhatsApp, Instagram, Twitter and Telegram groups.
Best crypto trading signals providers
Jacob Crypto Bury – Best Crypto Signals provider for discord user
The best part about this platform is it provides a chat system to its client so they can ask their doubts and get expert guidance. They can also interact with each other in the chat section.
The crypto trading signals are generated by detailed technical and fundamental analysis. These signals provide traders with important information such as entry, exit, stop loss and order points.
Pros
- Best crypto discord group.
- Personal assistance.
- Best-paid crypto signals
Cons - Does not have Telegram Channel
Learn 2 Trade – Best for algorithm-based cryptocurrency signals.
Learn 2 Trade provides crypto guidance to large numbers of traders. It provides Cryptocurrency Signals generated by Automated Trading Bot and algorithms.
Traders can have access to its Crypto signal telegram group once they have paid the subscription charges. The best part about this platform is it provides educational materials for beginners.
Pros
- Automated trading Bot
- Provide signals for more than 100 crypto pairs.
- Offers highly advanced trading indicators.
- Best for intraday traders
Cons
- Lack of human intelligence.
WOLFX: Best for short-term investors
One of the most popular crypto trading signals providers for short-term investors. The platform helps traders to stay updated with market events and take decisions accordingly.
WOLFX also provides its client with risk management tools to reduce the chances of loss. The platform provides trades with advanced algorithms and technical analysis tools to manage their trades.
Pros
- It provides Free and paid signals
- Transparent and user-friendly interface
- Offers 4 signals per day to VIP clients
Cons
- Only send signals between 10 am to 10 pm.
- The service cost is quite expensive.
- Does not have an educational guide.
Cryptosignals.org - Signals with great accuracy
The platform has the best telegram group, with around 50,000 members for free crypto signals. The best part about this platform is that it has a team that derives each trading signal.
The platform provides artificial and human intelligence to provide traders with the best trading signals. It offers its users premium services such as safely utilizing leverage, risk management and analysis tools.
Pros
- 3 Crypto signals daily
- Educational material
- Low subscription fees
- Claims providing 82% accurate signals
Cons
- Unverified accuracy claims
CoinCodeCap - Excellent for free crypto signals
The platform provides users with free crypto signals on its telegram channel. It also provides traders with advice by analyzing the market using technical tools.
The best part about the platform is it provides news and etr free. CoinMarketCap provides traders with historical data, charts, and tools related to more than 10,000 cryptocurrencies.
Pros
- Provide crypto news and educational material
- Best premium plans
- Automated trading plans
Cons
- Highly leveraged free signals
Binance Killers – Best for well-explained signals
Binance Killers is one of the popular crypto trading signals providers with a great success rate. The platform has well-designed products and services, especially for VIP clients.
The best part about the platform is that it presents complex information such as exit, entry, stop loss and take profit points in the simplest manner. So it became easy for novice traders to understand it.
Pros
- Signals with a success rate of 95%
- Cryptocurrency education materials
Cons
- Signals reserved for VIP clients
AltSignals
The platform has over 50,000 members and provides reliable crypto signals to traders. The best part about the platform is it also teaches how to trade in the crypto market.
The platform uses different analytical tools to provide its audience with daily research materials. It also offers its client the AltAlgo lifetime package for a reasonable amount.
Pros
- Live crypto signals.
- Video Tutorials and trading education
Cons
- Less effective risk management tools
My Crypto Paradise– Best for Portfolio Management
It is one of the oldest crypto trading platforms providing trade solutions to the traders’ community. The platform uses an expert strategy for generating trading signals rather than a robot or automated system.
You can also check and analyze the past performances of the provider on the platform. The best part about this platform is that it provides trades with effective portfolio management services.
Pros
- Separate plans for automated trading.
- Provides great trading strategies.
- Offers magic indicators
Cons
- No free telegram signal channel
Tips for Successful Trading with Crypto Signals
Analyze the service: Crypto signals play a major role in increasing the chances of your success. There are many scammers present in the market claiming 100% accurate signals. So a trader must be smart enough to select the best crypto signal providers.
Proper research and analysis of the provider are necessary before subscribing to its services. Check the regulations, customer reviews, previous records and feedback to evaluate the results.
Watch Market:
Trading in the crypto market is affected by several factors. Crypto signals are usually formed based on this technical analysis.
However, fundamental factors such as news, economic reports and government policies immediately impact the market. So it is advisable to watch these market trends and place the trade accordingly.
Effective understanding of signals:
For effectively using crypto signals, it is important to learn how to read them. These signals contain significant information regarding exit, entry, and other pivot points.
The most accurate signals are also not giving you a guarantee of profit. So it is not advisable to make trade decisions solely based on signals. Combine your trading knowledge with these signals and use it most effectively.
Use of risk management tools:
Many crypto signal providers offer effective risk management tools. Trading in crypto is a risky process. You can earn a lot of money as well as lose lots of money.
Traders must properly use crypto signal indicators such as stop loss and take profit properly to reduce the chances of losing money.
Continuous monitoring:
Trends in the financial market change very frequently. So it is a must for a trader to monitor crypto signals continuously. These signals are useful not only to place a trade but also to monitor the market and make changes in your trade accordingly.
Bottom line
Crypto trading is based on predictions and speculations. Crypto signals help traders to predict the market effectively. So you must select the best crypto trading signal provider; otherwise, it will directly affect your trade decision.
Research and analysis, use of technical and fundamental tools, and money management skills are the things that make you different from the other traders present in the market and help you become a successful trader.
