If you are a new crypto trader or thinking of starting your career as a crypto trader then you should have searched for the crypto signals. Because of the crypto signals people think crypto trading is very easy, you just need to follow the ready made strategies and can gain profit. Yes this is true in this approach you just need to follow the ready made strategies and could earn a handsome amount of the profit. Now the question is who is providing the crypto signals? Are these paid or free?
The crypto signals are provided by the crypto traders or the experts. Generating crypto signals is not an easy thing, it requires lots of research and effort. Experts need to apply deep analysis in order to generate the signals. So are they free or paid? Usually you find the crypto signals paid, this is not like you have to pay on every signal. There are many communities on the internet that are offering the crypto signals. For joining those you have to pay the fee. Usually they charge a monthly fee, so it is like a monthly subscription. For the beginners there are many communities that are offering the free crypto signals, why free? Actually there is a big game plan behind this. They provide you with a free signal and in return a big community will invest in that coin and automatically the market value of that coin increases and higher profit chances will also increase.
So we are done with the introduction of the crypto signals, and I hope now you are familiar with this terminology. In this article we will discuss the 4 main pillars of the crypto signals. These pillars or the features are compulsory in every crypto signal. This will help you in choosing the right crypto signals provider.
1. Buy and Sell Action
In this feature you will get the idea of when you have to buy the coin or when you have to sell the coin. If you have opened your crypto trading account then you should see many graphs and many coins with their up and down stats. This will tell you how the crypto market is changing frequently. So there are critical points where you have to sell and buy the coins. So if you get the signal to buy the specific coin then do that immediately, similarly when you get the signal of selling the coin then do this immediately.
2. Coin to Buy
This pillar will guide you which coin you should buy for the trading. The good crypto signal provider will guide you to buy the multiple coins in order to go in different variations. This will help you in choosing the potential coin for future trading. There are hundreds of crypt coins in the market. Choosing the right one is very difficult and somehow tricky. So if you are a beginner and don’t know how to analyze the market on behalf of the coins then you can get help from the crypto signals. The authentic signal provider always provides the highly profitable coin name to the traders.
3. Setting Up Price
In this feature you get the guidance for setting up the price of the purchasing and selling. In order to gain the profit of course you will go for the high selling price. This is not as easy as it sounds. As I mentioned above there are critical points when you have to buy and sell crypto coins. The purchasing price should be low and the selling price should be high. You can’t decide how much profit you can gain, you can just make the prediction. The prediction is possible with the help of the analysis, and I don’t think so you are much expert at the beginner level, so go for the expert’s signal.
4. Apply Stop Loss
Crypto is a highly fluctuating market. One day the price is at its peak and another day the price is at the bottom. So you can’t trust the market of the crypto coins. So in this means you have to decide the profit value, when you get that profit automatically those coins will be sold. There are many trading platforms offering the feature of the stop loss. With the help of this feature you can even buy the coins when they are at the lowest price.
This is how crypto signals work and for this success the 4 main feature or pillars are compulsory.