In theory, getting crypto signals at no cost looks like a great idea, but the fact is not so kind once you start using those signals. For example, when the cryptocurrency boom occurred in 2017, it was pretty easy to get the best Binance crypto signals - almost all crypto coins were set to give a good profit, so there was no need for long research, but things have changed since then.
There are some essential tips to follow if you are a trader but do not know how to select the best options to trade or do not have the necessary time to research.
Sure, there is a possibility of hitting a good deal if you select a particular cryptocurrency and invest in it, but you do not want to take risks with your hard-earned money. Nevertheless, there is a significant possibility of losing money on the deep run.
Definition of Trading Signals
A trading signal can be associated with an idea presented by an expert who gives some peace of advice on buying a specific cryptocurrency at a particular time or price.
An expert analyzed the signal given in advance. While there is no guarantee it will match precise results related to the previous analysis, you can profit if you find the right signals to guide you.
It is essential to state a difference: a crypto signal is not the same as an alert. So, the best Binance signals will offer hints of trades that are more probable to achieve success, and then you can decide whether you’re buying or selling.
Otherwise, an alert is a notification you can set before a cryptocurrency reaches a certain price.
Telegram is the app that shelters most crypto signal groups that provide signals related to the market.
Telegram is the chosen option because it allows the calls to reach more people, as their groups do not have a member number limitation, unlike WhatsApp.
What is Binance? Why should I use Binance over other Cryptocurrency Exchanges?
Binance is a cryptocurrency exchange that’s currently the largest globally in terms of the daily trading volume. Their headquarters is now located in the Cayman Islands after moving out of China because of the government’s regulations on cryptocurrency.
There are many reasons to use Binance over other platforms like Coinbase or Crypto.com. First, you can personalize the layout to create a more user-friendly experience based on your trading experience. It is also important to register that Binance allows you to trade for over 500 cryptocurrencies over the 107 on Coinbase, although that number drops to just 60 if you’re a Binance user from the U.S.
Another advantage for Binance over other exchanges is that it’s one of the cheapest platforms to use. As a result, the fees over any transaction are meager. The security features are also trustworthy, with device management, address whitelisting, and cold storage as some of the security features.
What to Look for and Why are Signals a Great Tool?
It’s not just about when to enter a trade. A good crypto signal will involve all kinds of information regarding the expected outcome.
This can be a target price, a stop loss, and the expected duration of how long you should wait for the target price to be reached – you don’t want to be stuck in a single trade forever.
That’s why signals are a great tool. Unlike the traditional trade market, cryptocurrency goes on 24 hours per day, which means the best Binance signals can happen at any time – and if the trade is good, time doesn’t matter; money does.
Even with the best crypto signals, there’s no guarantee that you’re going to profit over trade, so you have to choose wisely where you’re going to spend your money.
Unless you’re a professional trader, it’s going to be impossible for you to keep track of everything that’s happening in a given time, so why not let the experts do this job for you?
They know exactly what they’re looking for before giving you the call for a given trade, while you can spend your precious time doing other stuff - and still earn more money with the perfect deal.
Experts will give you the call, but you’re still managing your account at the end of the day, so make sure you know exactly what you’re doing before making any decision on the market unless you don’t care about your money, of course.
How much Money can You make from Trading Crypto?
That is a question without a definite answer because there are many factors. For example, what’s your trading strategy? How much are you investing? How many trades a day are you making?
You can win a lot of money, but you can also lose everything you invest. Yes, enlightening, I know, but that’s the right way to answer this question. If you don’t know exactly what you’re doing and how you are investing your money, you’re at risk of a loss.
That is when the importance of the right crypto signals comes to mind. Of course, you can always make your own decisions, but with an expert guiding you and telling you what’s going on in the market, the best analysis is already available for you.
Which are the Best Telegram Groups?
You already know what's a crypto signal and why it's a good thing to let the experts guide you through your deals, so it's time to talk about the best places to get the signals from.
What matters is the analysis within itself, and personally, my favorite group to get crypto signals is Fat Pig Signals, with two different groups:
- One is a free-for-all Telegram group with over 65k subscribers;
- And the second one is a paid group for VIP subscribers,
The last, you need to pay if you want to join.
Fat Pig Signals is the best group available because they combine long-term stability, with at least three daily different calls, with an excellent track record: over 75% of their signals results in profit - learn more here.
They have three different options for new users who want to join their VIP community, as you can notice here.
The best Binance signals will be coming from the best experts out there. Unfortunately, it's impossible to keep track of the cryptocurrency market. Still, we know the opportunities are available there at any moment, so crypto signals groups are the way to go for the best deals. We all know that we don't want to miss it when the opportunity to earn some extra money comes. Any doubts? Leave us a comment.