It’s a real-time information channel about the crypto market that helps crypto traders to make well-informed decisions when it comes to cryptocurrency trading.
With crypto signal’s help, you can not only copy trades but also learn fundamental and technical analysis from experts or just enjoy their company as they entertain you with funny stories & banter sometimes. In this day of age in social media, even if you don’t copy crypto signals you sure can still interact with them by giving your comments on how things are going for them or not & possibly get some investing ideas in return.
What is so great about crypto signals? There are plenty of reasons why people love crypto signals and trust these crypto communities. But just because signals can help doesn’t mean you go blindly trusting any cryptocurrency trading signals provider.
There are no crypto signals providers or crypto signal groups that will always be right. What crypto traders should do is to find a crypto signal provider with the best accuracy and lowest false crypto signals. You can find crypto traders on Telegram, Facebook or Twitter group, however, it’s hard to tell which one of them is the legit crypto signal provider. This article will teach you how to test crypto signal providers so you know if they are right or not.
Historic data and accuracy – The first step for testing crypto signals providers is finding their most accurate crypto signals in the last 90 days. There’re many websites that collect different trading services’ performance statistics, such as:
– CoinMarketCal – calculate their accuracy based on average monthly returns).
– Best Bitcoin Investment Sites – calculate crypto signals services’ accuracy based on monthly returns.
– Investing.com (have a short moment crypto signals ranking list, from the top 10 crypto signal providers to the bottom 20 crypto signal providers).
Online Reviews – User reviews are one of the oldest and most underrated tricks to know what the service provider is like. There’re some crypto signal sites that have many negative or positive feedbacks. So do not just read the reviews, but also look into whether there’re any patterns in their comments, and what they say about crypto signals services. If any review sites have reviews that sound like marketing pitches or brag about a particular service provider, chances are they could be fake.
It’s obvious that crypto trading is risky and requires you to be smart. You need to keep checking crypto signals reviews for crypto signal providers.
Free Trial – Some cryptocurrency trading signals services will offer you a free trial, others won’t even think about that. It’s best to avoid the ones without free trials because they could be scammers, or they might charge too much when you get started with crypto signals service, Free trials often give you a glimpse of what lies ahead like how good and accurate a crypto signal provider is, do they assist you, do they explain their reasoning for making an entry or exit and more.
Conclusion: The best crypto signals providers are always able to publish statistics that prove their accuracy. It is worth paying crypto signals services a little money if they can upload statistics that can give you the peace of mind you need for all your crypto investments! Basing on the crypto signals reviews crypto signal service providers must have a minimum accuracy so that you can judge crypto signals providers for yourself.
Nowadays, the crypto market is full of scammers or crypto service providers who are not able to give crypto signals to help crypto enthusiasts grow their capital. So do your proper research before signing up with any signal group.