Imagine the situation: the course of a little-known cryptocurrency coin begins to grow rapidly and many traders (believing that this coin can become a new bitcoin) begin to invest without exception in an allegedly promising coin. In most cases, hopes are not justified by the fall of the course after a few days or even hours. And most often, the value of the coin becomes even lower than it was before the rise.
The situation is not pleasant. The “pump and dump” scheme was not invented yesterday. But unlike cryptocurrency in traditional markets, it is considered illegal. To minimize the risk of getting into such a situation, several ways have been devised for traders to protect themselves from the pump. One of them is cryptocurrency signals. What other functions does this tool perform and what else can be useful? Where to catch such signals and how to decipher them? The answers to these and other questions are in our review. From the Crypto Signal Group you can get the best supports now.
Before reading the material, we recommend that you read the article: What is cryptocurrency: we tell in simple language
What are cryptocurrency signals in simple words?
Cryptocurrency trading signals are insider information about the future change in the rate of a certain coin . Agree, a great help for a trader who wants to reduce the risk of loss of savings. I wanted to get rich quick, looked at the signals, which currency is more profitable to invest in, and buy a couple of coins.
But not so simple
Let’s look at how accurate insider data is, what types of signals are generally divided, and where to look for them.
Cryptocurrency Paid Signals
It would seem that there is nothing easier pay and get reliable information. Some time ago, paid signals were considered the most convenient way to get a drain of information. But today, a huge number of pseudo-traders are divorced on the network, who are ready for money to provide supposedly absolutely correct data. But only a small percentage sells really worthwhile information.
How to choose a quality resource?
First of all, pay attention to the presence of an open service group, where future users can see the results of work. If the program has such a peculiar demo version, then most likely it will really help you make money.
Where to get signals for cryptocurrency trading?
The first thing that a trader who wants to use this tool needs to decide is where to look for the warnings themselves. There are a lot of sources today. Here are the most popular ones:
- Specialized resources that can merge information for money or completely free
- Closed communities on social networks
- Professional analytics services
- Programs and bots that collect information from all sources
Experienced traders prefer to use several sources. In addition, it is important to remember that no resource is immune from errors. That is why we advise you to make decisions based on different analytical data, not to rely only on cryptocurrency signals.