Does anyone have experience with crypto signal services like Binance Killers, Wolf of Trading, or Wallstreet Queens? Right now, I’m following some of the free signals they provide in their Telegram groups, but I’ve noticed a few things.
There are a lot of scammers out there.
They show really good win rates, but they figure that out by setting the stop-loss five times higher than the first take profit. They call a trade successful if it hits the first take profit, even though you’re risking five dollars to make one.
They don’t let people comment in their channels. I get that there could be reasons for this, but I would love to hear from real clients about their experiences.
It’s smart to be careful with crypto signal services, especially with signs like scams and strange win-rate calculations. If they don’t let people give feedback, that’s another issue. Try starting small and look for services that are open about their performance and user experiences.
Pippin said:
I haven’t used any of those, but I prefer using reliable AI analyzers since they help make better trading choices and avoid costly mistakes.
@Laine
I started with Messari, which helps investors understand crypto assets and gives signals for trading chances.
Then I found Tokenmetrics, which uses machine learning to give insights about crypto and NFTs, pointing out good times to buy and sell, and alerts for profitable trades. It’s useful for beginners and seasoned traders. I also think IntoTheBlock is good, but I haven’t explored it much yet.
I really dislike copy trading since it’s based on personal judgment, and managing risk is crucial. You won’t get that with copy trading. Why do you think these Telegram groups don’t share their track record? They just tell you their success. If you want to copy trades, that’s fine, but be careful—most exchanges have a program where you can follow real traders, though they often claim high win rates because of things like 5:1 risk to reward ratios. But at least they have a history.
@Kennedy
I’m starting to lean in this direction too. Not saying all are scams, but many inflate their win rates and profits. Since I started looking, I’ve found some that share their analysis on TradingView and Telegram. Seeing their thought processes alongside my own has really improved my trading.
Since trading is based on personal judgment and managing risk is key, I really don’t like copy trading. With copy trading, you miss out on this important aspect. Why don’t these Telegram groups show their performance records? They just tell you what they do. If you want to copy traders, look for exchanges that offer master trader programs where you can see real traders making trades.