Crypto trading signals are built using market indicators and extensive technical research of the current and historical market atmosphere. They offer effective trading suggestions to purchase, trade, or hold an asset.
How will they help you? Simply put, if you trade crypto as a non-professional trader, crypto trading signals will assist you in deciphering the best price movements and maximizing earnings from trades.
In this article, we cover everything you need to know about the best crypto trading signals — how they work, how to choose them, and the list of the best ones in the arena. Let’s dive right in!
How Do the Best Crypto Trading Signals Work?
Crypto trading signals groups take advantage of a number of community development platforms that let people interact with each other. Here, once you join the group, you will immediately be greeted with a group chat where you may interact with other members, split up into other channels for discussions on various crypto-related topics, and more.
Group participants will be able to talk privately and discuss pricing, trades, and signals in real-time while watching the markets together on these platforms.
Choosing the Best Crypto Trading Signals
Now the real question is, how can you choose the best crypto signal group?
If you look up the best crypto trading signals on a preferred search engine, you’ll undoubtedly come across thousands of results, many of which may not be the most reliable.
But when it comes to choosing the best ways to invest your money, you shouldn’t just go to random sites. When exploring the best crypto trading signal group to join, keep these crucial factors in mind.
Trading Strategies
Some of the finest crypto traders understand the value of technical analysis and smart investing. So you must always look for crypto trading groups that seem to rely on solid numbers rather than gut instincts to validate a coin’s market efficiency.
Popularity
Prior to actually joining any group, and especially before paying to be a member of one, make sure you do your homework.
If it’s a group that you’ve never heard of before, make sure you dig deeper into it. Find out who is in charge of the group, how long they’ve been trading cryptocurrency, what their success rate is, etc. Some other important questions are what kind of traders are the group members/ admins? What is the total number of people in your group? Is it a paid service or a free service?
Ultimately, this is your hard-earned money at stake, so make sure you’ve done your homework on any groups you’re considering joining before committing to one.
Trade Time-Frames
If you have a certain crypto trading style, you might want to analyze if there is a group that is more suited to your trading style. It might even surprise you how many groups are oriented around a specific trading style.
There are several types of crypto traders, and with each type of trader comes a number of trading tactics. Position traders, day traders, resellers, and swing traders – all engage in a variety of trading styles at different times during the day.
Fees or Free?
If you join a free-tier-only community, for example, there’s a strong possibility that you’re not really engaging with a cryptocurrency trading specialist. Take any trading advice given in these communities with a grain of salt and conduct your own research, as you may be taking a higher risk.
Dealing with a premium crypto trading signal service is usually the best choice. These suppliers are typically professionals in the industry with years of extensive expertise in the crypto trading business. They’ll be far more inclined to give you sound advice on how you should think about investing in crypto.
Win Rate
Look more closely at the group’s performance to see how often they win against how often they lose. And most importantly is this data even accessible to you?
If you can identify a group that has more successful indicators than losing indications, and that appears to make reasonable evaluations based on the data given, you’ve probably identified a good one to attempt working with.
Stay as far as you can from any organization that promises to have a 100 percent win rate. Nobody has ever predicted something so accurately over time, and this group is most likely attempting to deceive you if this is a claim they make about themselves.
Now we will take a look at the best crypto trading signals groups and discuss their features. Let’s dive in!
Best Overall Crypto Trading Signals Groups
- Crypto Rand Group
- Fat Pig Signals
- Rocket Wallet
1. Crypto Rand Group
Crypto Rand Group is a cryptocurrency trading platform that also offers trading insights and training.
Crypto Rand Group delivers daily market analysis alerts as well as news pieces with expert comments. On the platform, you can enroll in personalized crypto classes in which a mentor will create a trading strategy according to your needs and experience.
You’ll be able to read comprehensive chart evaluations for different coins, as well as the benefits and drawbacks of trade entry. Screen sharing and video calls are used to offer the training.
Pros
- Genuine group run by experts with a lot of expertise in the crypto world.
- Industry professionals provide daily updates on the latest developments.
- A true sense of community — there’s even a 1:1 channel in the Discord group where you can ask questions, share ideas, and communicate with the team directly.
Cons
- The waiting list to join the crypto trading signal group
2. Fat Pig Signals
FatPigSignals, based in the United Kingdom, is one of the best crypto trading signals for people looking for safe crypto trading signals on Telegram from an experienced staff. The company provides trading signals for Bitmex, ByBit, and Binance, as well as short and long-term asset allocation solutions.
Their signals are based on technical analysis, which is associated with them. The team also aspires for a 25% win rate, with a signal accuracy of around 82%.
Pros
- Allows you to participate in trading your preferred options regardless of their investment objective.
- Live streams are available for free
- 24*7 helpline number, very important for beginners
Cons
- Accepts membership subscription in ETH only, thus limiting accessibility for those who are new to cryptocurrency trading.
3. Rocket Wallet
The next best crypto trading signal is also a Telegram group, and they’re pretty serious about giving their VIP members tips on how to trade responsibly, carefully, and intelligently. Their Telegram channel currently has 35,000+ members, and they post 1-3 crypto alerts per day.
Pros
- Numerous channels are clearly indicated in the group so you know what to expect before you enter.
- Simple and straightforward interface, so everyone knows where they are in the group at all times.
- Rocket Wallet gives daily reports on some of the latest trends in major cryptocurrencies, as well as regular analysis of the crypto market.
Cons
- Doesn’t do enough to remove scammers
The Bottom Line
All in all, we can clearly say that there are some significant advantages to working with a signals group if you want to make smart crypto investing selections. Professional traders are generally eager to share their knowledge, and whether you are new to crypto or have been trading for years, you may learn a lot from some of these organizations.
After all, quality signals groups are made up of people just like you who are wanting to combine their information and analysis in order to make money together.
ZenLedger easily calculates your crypto taxes and also finds opportunities for you to save money and trade smarter. Get started for free now or learn more about our tax professional prepared plans!
