Cryptocurrencies trading can be difficult, especially for those who are new to trading. It can take years to understand the intricacies of the crypto market. A shorter way is to use signals created by experienced traders. You can use these signals to trade on almost any exchange, such as Binance, OKX or Bybit.
What are cryptocurrency signals
Active trading on a cryptocurrency exchange is almost always complicated by the high volatility of cryptocurrencies and the risks associated with it. Most traders trade chaotically, not paying attention to market movements and specifics, quickly going negative and losing capital.
It is not for nothing that experts advise traders to build their own effective strategy. The most popular strategy is combining short-term trading with long-term investments. But even in this case you need to know when you can enter the market, and when you should wait. Intuitively, only a few identify such moments. Everyone else needs cryptocurrency signals.
What are the benefits of free cryptocurrency signals
With the best free crypto signals providers, a competent trader gets a number of benefits when trading on a cryptocurrency exchange. Among them is the reduction of possible risks. Accurate cryptocurrency signals increase profits and seriously reduce the possibility of a complete drain on startup capital.
Working with signals allows you to automate processes and avoid routine, freeing up enough time for market analysis. Excessive emotions and hopes for intuitive earning are gone, short-term and long-term strategies are formed. Simply put, subscribing to cryptocurrency signals can increase a trader’s productivity and income.
Free cryptocurrency signals
Free signals have their disadvantages. On the one hand, you don’t have to pay for them, so there is always a demand for such information. But it is important to understand that no one is responsible for the advice provided, so you need to be prepared for the fact that some signals may be wrong. So the answer to the question of how to make money from cryptocurrency signals for free is not so trivial.
The prediction accuracy of paid resources is around 70%, while in the case of free platforms it is around 40–50%. That’s why it’s up to the trader to decide whether to buy cryptocurrency when free signals recommend it or not.
Here traders can trust one of the suggested sources and work with this information. The site keeps monthly statistics on the success of each “signaler”, all that remains is to monitor the situation and apply the signal received.
Another channel from experienced traders that publishes verified and relevant signals and a variety of insider information.
Alliance Crypto Trades
This service finds events that can create a stir in the cryptocurrency environment. And with this information, you can predict future prospective cryptocurrency events.
How to make money from free cryptocurrency signals: basic rules
Let’s look at a couple of rules to properly track cryptocurrency growth based on the signals provided.
- Try to buy only altcoins that show more than 5% growth.
- Experts do not recommend buying coins if their growth exceeds 15% in a short period of time. There will be no benefit from such an investment.
- On social networks, you can subscribe to cryptocurrency market opinion leaders, exchange creators and team members promoting the most iconic projects with good growth potential.
- Monitor coin rankings daily. It is better to work with cryptocurrencies that are at the top of these rankings.
- Try never to make decisions based on just one cryptocurrency, and compare different sources for results.