Crypto Trading Signals on Telegram: Selecting the Most Effective Providers
On May 20, 2023 by MortheTo help you make the most money possible when buying, selling, and trading cryptocurrency, a team of professional traders and analysts has developed a trading signal service. Many people rely on the best crypto signals since they assure them the signal will make most of the trades for them. However, after trades have been initiated, the crypto trader has to keep their accounts and remain vigilant. You could check out a signal group and join it, but you need also have some understanding of how social trading functions. You should also exercise good risk management and make sure your trades have been handled properly.
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Top Free Cryptocurrency Telegram Groups
Fat Pig Signals
When it comes to Bitcoin trading signals and other major cryptocurrencies, Fat Pig Signals is among the most popular free signal crypto telegram groups. The main characteristics are:
- Like many other signal services, Fat Pig Signals offers both a public and a private Telegram group. The latter requires a financial commitment from you. More than 60,000 people have signed up for the free channel as of this writing, whereas just about 8,000 people have signed up for the VIP channel.
- All of Fat Pig Signals’ historical signals have had an accuracy rate of 75% or above. Both risk-managed Binance signals and margin-trading signals from Bitmex/ByBit are available through the channel.
- The channel is available around the clock, every day of the year, which is great for both novice and seasoned traders.
Universal Crypto Signals
With the goal of bettering the lives of cryptocurrency investors and traders, Saviour launched Universal Crypto Signals in January 2018 to meet that need. The main characteristics are:
- The signals from Universal Crypto Signals are always reliable and of the highest quality. If they anticipate market volatility, they will lower the frequency with which they send signals, prioritizing high-quality above quantity.
- Every day, between five and ten detailed technical evaluations of cryptocurrencies like Bitcoin, Ethereum, and others are release on tradingview and twitter, complete with accompanying charts and explanatory text.
- One of the finest parts is that, as market conditions change, they make suggestions about what percentage of the portfolio should be invested in various asset classes.
Telegram Crypto Signals: Ranking Factors
- Performance
When ranking crypto signals Telegram groups, performance is the most crucial criteria. Their success can be gauged by looking at how many of their deals end up in the black. More successful groups will naturally rise to the top.
- Transparency
Transparency is also very significant. A better ranking will be given to groups whose trade reports include specifics such as entry and departure times, stop loss and take profit levels, and analysis of each trade.
- Proven Results
There will be a higher priority given to established groups with a history of reliable signaling. The longer the group’s track record is, the more confident we can be in saying that their signals have been consistently profitable.
- Comments from the Public
Community feedback is particularly significant because it reflects the public’s opinion of the organization as a whole. Positive user reviews will boost the rankings of those groups.
How to Pick the Top Crypto Signal Groups on Telegram
Many crypto signals providers make unsubstantiated promises or show questionable outcomes, making it difficult to select the best one. It is crucial to know what to look for in a reliable and efficient signal service before signing up for one. Here are a few highlights in the article that help you guide into crypto signaling communities:
- Fees
Most signal providers will have a premium plan that requires a monthly membership, so fees are something to think about. Our recommended providers, like many others, provide price breaks for longer commitments. There is also a 30-day money-back guarantee provided by some services.
- The Percentage of Victories
The provider’s track record of accomplishment is an important consideration. Companies that publish their past performance metrics are more likely to provide legitimate services. Keep in mind, however, that past achievements are no guarantee of future success, and that not all claims can be independently verified.
- Signal Periodicity
It’s also crucial to think about how often signals occur. It’s important to strike a balance between getting too few signs, which can make it hard to generate big profits, and getting too many signals, which can imply a scattergun approach.