Getting crypto signals with no cost looks like a great idea in theory, but the true fact is not so kind once you actually start using those signals. When the cryptocurrency boom occurred in 2017, it was pretty easy to get the best Binance 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 important 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 certain cryptocurrency and invest in it, but you do not want to take risks with your hard-earned money, right? Nevertheless, there is a major possibility of losing money on the deep run.
Definition of trading signals
A trading signal can be associated to an idea presented by an expert who gives some peace of advice on buying a specific cryptocurrency at a certain time or price.
The signal given was analyzed by an expert in advance and while there is no guarantee it is going to match perfectly specific results related to the previous analysis, you can profit if you find the right signals to guide you.
It is important do 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.
The Telegram is the app that shelters most of signal groups that provide signals related to stock 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 in the world in terms of daily trading volume. Their headquarters is currently located in the Cayman Islands after they moved out of China because of the government’s regulations on cryptocurrency.
There are a lot of reasons to use Binance over other platforms like Coinbase or Crypto.com. First of all, 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 just 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. The fees over any transaction are really low and the security features are also trustworthy, with device management, address whitelisting and cold storage as some of the security features.
Best Binance signals: 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 should you wait for the target price to be reached – you don’t want to be stuck in a single trade forever, right?
That’s why signals are a great tool. Unlike the regular 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 really matter, money does.
Obviously, even with the best crypto signals, there’s no guarantee that you’re going to profit over a trade, so you have to choose wisely where you’re going to spend your money on.
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 at the end of the day, you’re still managing your own account, so make sure you know exactly what you’re doing before making any decision on the market. Unless you don’t really 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 lots of factors. What’s your trading strategy? How much are you investing? How many trades a day are you doing?
You can win a lot of money, but you can also lose everything you invest. Yes, enlightening, I know, but that’s actually the right way to answer this question. If you don’t know exactly what you’re doing and how are you investing your money, then you’re at risk of a loss.
That is when the importance of the right crypto signals comes to mind. 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.
Best Binance signals: Which are the best Telegram groups?
You already know what’s a crypto signal and you already know 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 really 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 a great 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. It’s impossible to keep track of the cryptocurrency market, but we know the opportunities are available there at any moment, so crypto signals groups is the way to go for the best deals. We all know that, when the opportunity to earn some extra money comes, we don’t want to miss it. Any doubts? Leave us a comment.
The post Crypto Signals: Discovering the best Binance Signals appeared first on Fat Pig Signals.
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