Take life a few years back, and people didn’t know much about cryptocurrencies except for the fact that they keep getting expensive and cheap randomly. That has changed now and a lot more people know a lot more than ever before. This could be made possible only with the advent of Crypto signals.
What they Crypto Signals
Crypto signals are a set of information and instructions which help people make good trading decisions. Such signals help the subscribers by telling them the cryptocurrency they should buy and the price they should buy it at. That is called its buy-in price. A good signals provider also lets you avoid losses by providing automatic exit when the price hits the stop loss threshold. To make profits on your investment, a sell target price is also provided at which the trader should consider selling their holdings. Some signals also tell you the percentage of holding that one should buy or sell.
How it works
How crypto signals work? So, you receive this chunk of information through a means of your choice. It can be the telegram app, email, or through a software application provided by the signals provider. While many have downloaded telegram just for receiving trading signals, those who don’t use the app subscribe to the email. Telegrams, with their instant notifications and regular updates, have the upper hand for sure.
Once you have received the signal, it is up to you to take the action from then on. You can either choose to act upon the instruction provided or not. However, it gets messy to always keep doing all the monitoring and action yourself. For this people prefer to use providers like MyCryptoParadise which allows for seamless automation to make life easier for the traders. Such automation services keep trading on your behalf even when you are fast asleep in your bed.
Free or Paid – Which one to take?
There are both types of services available with their up and downsides. The most obvious downside of a paid group is its unaffordability for some users. The free ones are a lot less reliable, with a lot less features available to the subscribers. Such groups are provided by the crypto signals providers to let you experience a portion of what they have to offer. If done correctly, even the free ones can prove to be quite profitable. HIRN crypto Free is one such example. Getting hold of a legitimate and free signals provider can be a challenge nonetheless. If you are serious about trading and making a profit that will turn around your life, paid groups provide a much better chance at that. ParadiseVIP of MyCryptoParadise is one such super reliable service.
Popular Crypto exchanges
Crypto signals are exchanged specific. So, it is always smart to know a little about legitimate and popular exchanges that have been tried and tested by many. Here is a small list of top crypto exchanges working all over the world:
- Binance
- Bitmex
- Coinbase Pro
- Kraken
- Huobi Global
- Bittrex
As good as it is to know about the popular crypto exchanges at work, it becomes useless if you don’t have a reliable Crypto signals provider for the same. Here is a small list of the reliable signals providers for all the popular exchanges:
- HIRN Crypto Free
- MyCryptoParadise
- Crypto Signals
- Zignaly
- Whaletank
Crypto signals have democratized the crypto trading market like never before by reducing the knowledge threshold. It is now open for everyone to have a share of this big crypto pie.
