Crypto Trading Signals Telegram Groups Explained

Telegram is a great messaging platform for cryptocurrency investors to follow crypto trading signals Telegram groups. There are many reasons related to why investors would follow trading signals using Telegram. 

If you don’t know what crypto trading signals Telegram groups are, then you are in the right place. We will not only tell you how these groups work but also why they could help you execute your trading strategies with extreme accuracy. Keep reading this guide to find out more about it. 

What is Telegram?

Telegram is one of the most popular messaging applications that have been created. It is a WhatsApp competitor but it offers some advantages compared to other popular messaging apps. Telegram has a clear focus on privacy and it makes it easier for users to protect their information and messages. 

The app has a clear user interface and it can be used both on a desktop computer or through a smartphone. It depends on what you prefer and what is more comfortable for you. Telegram has also expanded throughout the world and it is a great tool for those users that want to have privacy (it usually works better than WhatsApp under dictatorial regimes). 

Therefore, Telegram became one of the largest and most useful messaging applications in the market. Users can send images, text, audio messages, and they can also create groups, calls and many other things. There are many functionalities that would let users have a great experience managing their messages compared to other platforms. 

Thanks to its solutions, Telegram became a very popular app among cryptocurrency investors. There are many reasons why crypto traders would prefer to use Telegram rather than other trading apps. We will discuss these reasons in the following sections. 

These are some of Telegram’s Pros & Cons that would let you better understand which are the most useful features of this platform. Take into consideration that you might have other Pros & Cons when it comes to Telegram. We just decided to make a short summary. 

Telegram Pros

• It offers end-to-end encryption
• Telegram has a self-destructing messages option
• Supports different devices (you can be connected on different devices)
• It has been optimized for desktop and mobile users
• Cryptocurrency users love Telegram
• It has more than 500,000 active users

Telegram Cons

• You need a phone number to get registered
• It saves IP addresses and other data 
• Data is usually stored on your device

What are Trading Signals?

Now that we know what Telegram is, we can move to trading signals and why they are important for the cryptocurrency market. There are many reasons for this. First of all, trading signals are information that is shared by trading signals groups and that users can follow in order to open long or short positions in the cryptocurrency market. 

Trading signals can basically be used in any type of market. You can use them to trade stocks, forex, commodities or virtual currencies. We focus on the cryptocurrency market. 

In just a few words, trading signals are information (created through technical analysis) that point to clear moments to buy and sell an asset. Usually, these signals are automated. These signals could, for example, be created when certain conditions are met in a specific trading pair in the cryptocurrency market. Suppose that we want to trade BTC/USDT. This trading pair is one of the most liquid in the market, which means that trading signals should be quite accurate in technical terms. If we trade using moving averages, then we could create a signal that will tell us to buy BTC when the MA50 crosses the MA200 when the market moves upwards. 

At the same time, we can create another signal (in this case a selling signal) to open a short position when the MA50 crosses the MA200 when the market moves downwards. This would let us open a position in the market and profit from fluctuations in this trading pair. We could set up many other trading signals that would let us have a great trading experience in the market. 

Moreover, trading signals can also be used with other indicators and with more complex trigger events. We could take into consideration two technical analysis indicators rather than just one. We could add volume levels and many other things.

If you are a manual trader, you will have to be looking for these signals on each trading pair. If you have programming knowledge, then you can also create bots that would signal you this information. Otherwise, you can rely on trading signals groups that will share their trading signals with you. 

What are Crypto Trading Signals Telegram Groups?

Crypto trading signals telegram groups are real-time crypto trading groups that offer traders the chance to trade cryptocurrency. Depending on your strategy, this can be a great tool for day trading. You can either purchase signals from other traders that are using this service and are sharing their signals. Or, if you are a more self-directed kind of trader, you can use this service to create your own crypto trading signals telegram groups and offer your trading services to other traders in the group.

It is a great way to get a lot of information about cryptocurrency in one centralized place. In fact, many of these groups will also share news about new cryptocurrency coins as well as background information on specific investments.

You can ask questions and get answers from people who are familiar with crypto trading. But, it is important to remember that not all signals or information that you receive will be accurate. In fact, if you are a beginner, you should be careful about taking tips from other people. 

We have seen cases of traders posting false and misleading information in order to make others think that they have a good track record in their trading and to make others invest their money with them.

It is a good idea to learn a lot about cryptocurrency before you pick up trading. You can do this by carefully reading the different news articles that are shared in these groups or by simply doing a little research on your own. 

Once you have an understanding of cryptocurrency, you will be better prepared to know what financial information is most likely to be accurate and what information is likely to be false.

This is why it is so important that you get involved with crypto trading telegram group communities as quickly as possible.

You may find that there is a community that fits your needs. This is great because you can begin learning new ideas on how to trade right away. 

You should make sure that you choose a group where the members are friendly and will respect your privacy. Additionally, you should remember that not all the information that people in these groups share is true, you should use this as a source of reference and not as the only source of information.

How to Use Crypto Trading Signals Telegram Groups?

These chatrooms are a great place to start, but most of the people in these rooms don’t know how to take any investment advice and apply it to their own investment portfolio.

This is why you need your own trading plan .

Here are 6 ways you can use these signals (cryptocurrency trading signals telegram groups) to help you manage your own strategy:

1. Learn when to buy a coin and when to sell

These chatrooms are a great way to get some insight from the pros on a particular coin. For example, if someone is bullish on NEO, then the general consensus is that you should be bullish on NEO too. This way, you’re not simply buying coins because they’re moving up at price, but rather because you trust other people’s analysis.

2. Figure out what types of coins you should be buying

It’s easy to get sucked into the whirlpool of crypto trading without making an informed decision about what exactly you’re investing in. The most obvious way to avoid this is by using a bot like Coinigy, which gives you alerts when coins reach certain levels, or once they’ve broken certain levels. This way, you only buy when you’re happy that it’s a great deal and not simply because it’s moving up at the moment.

3. Learn from experts and improve your own portfolio

As with any other trading market, the people who invested in Bitcoin early on are the ones who made money. The same goes for coins like NEO, which saw their price rise by thousands of percent in 2017 alone.

The next time you’re on a crypto trading telegram group and you see someone talking about a specific cryptocurrency, try to learn more about it.

Are Crypto Trading Signals Safe?

Cryptocurrency trading signals are a powerful way to take advantage of the volatility of altcoins. They produce many opportunities for traders to profit from short-term price movements and exploit the efficient market hypothesis.

However, not all cryptocurrency signals are created equally. Some signal providers deliver the goods with a proven track record, while others contentiously deliver nothing but garbage and false promises.

What can you do? Should you avoid trading signals altogether? Is it safe to trade cryptocurrency signals?

We will delve into the issue of false signals and examine the fraudulent sign-ups put up by some signal providers. And finally, we will explain how to prevent false signals from taking control of your trading account.

1. False Trading Signals

If you have read any articles about cryptocurrency signals over the past few years, you may have noticed that people often ask whether the signals received from a particular provider are safe to use.

Indeed, the cryptocurrency trading community is full of scammers and phony signal providers who lure traders into signing up for their service.

You do not have to look very hard to find cryptocurrency signal scammers because they are prolific. Indeed, there are several companies out there that offer crypto trading signals which turn out to be completely worthless and fail to produce any actual actionable signals or returns for users.

2. How to Prevent False Signals From Taking Control From Your Trading Account?

If you are looking for the best blockchain cryptocurrency signals, you need to find a signal provider that delivers true signals and not false promises.

We suggest that you avoid trading cryptocurrency signals because they can be very dangerous and very expensive.

The only way to avoid false signals is to trade them yourself. If you trade your own signals, you are also in a position to test them out by placing a small amount of money on the line and then watching to see what happens.

This way, you can check whether the provider actually has the ability to produce strong signals that deliver results. As a rule of thumb, the higher the reputation of a cryptocurrency signals provider, the greater the chances are that their signals are reliable.

3. How to Keep Your Cryptocurrency Trading Account Secure?

If you trade your own signals and start to lose at trading cryptocurrency, you will be tempted to blame your technical analysis charting software for making bad trades.

The main problem is that the charts could be perfect, but the signals could be false. As a result, you need to learn how to separate the wheat from the chaff when it comes to cryptocurrency trading signals.

To avoid false signals, never use any trading signals that have not been confirmed by your own research and analysis.

Even if you are not willing to trade the cryptocurrency signals yourself, you can still divide them into two different categories: short-term signals and long-term signals.

AltSignals: One of the Best Crypto Trading Signals Telegram Groups

Trading cryptocurrencies is a lot like gambling. There is no guarantee that you will win, and if you do manage to score some big profits, there’s also a good possibility that it was just dumb luck. So if you want to make money trading cryptos, your best bet is finding a trading signal from somebody who has been doing it for years and has proven success in the process. 

I will be getting into more details about this topic in the next section, but for now, let me introduce you to one of the best trading signals groups out there: AltSignals.

What is AltSignals?

AltSignals is a crypto trading signals group that provides accurate and profitable day trading tips on various altcoins and currencies. The best thing about this group is that you do not need to have your own telegram account to be able to partake of all their valuable content.

I especially like that the AltSignals team ‘s approach to trading is not only systematic but also very logical. They believe in making their own analysis before following any trading signals, which they then only use as supporting evidence to make their own decisions. 

This allows them to remain flexible with their strategy and invest in the right cryptocurrencies at the right time, even if they did not send a specific signal out for that coin.

AltSignals is one of the best telegram crypto trading signals group out there, with over 50000 traders who join and actively participate in the conversation every day.

How Does AltSignals Work?

They use technical analysis on charts to identify the next coins that are going to explode. They present the traders with all the information about a particular coin and news about it before making a trading decision. 

They only provide information regarding currency pairs which can be traded on Binance, Poloniex, Bittrex and other exchanges with low trading fees. And last but not least, they do use other sources of information/signals/trading strategies as well like TA signals or Reddit signals when available.

Is AltSignals a Scam?

The AltSignals admins are legit. I have been a member of this group for quite some time now, and although nothing can be guaranteed in this space, it is always nice to trade with people who are as transparent as they come. Whenever they trigger a signal, they make sure to let the community know why they chose to invest in that particular coin and what specific things tipped them off.

What’s also good is that they do not trade every single coin that tops their list of Altcoins. This way, traders have a higher chance of making money when they follow their signals. After all, not every coin that makes it to the top is a winner. Also, they have designated Telegram channels to cover different time zones so traders can get the most out of their signals.