![]() ![]() However, there exists other trading signals that are specific to other crypto exchanges such as: BitMex and Coinbase. For example, Binance signals are trading signals that can only be followed if you wish to place a trade on the Binance cryptocurrency exchange. Trading signals are cryptocurrency exchange specific. If all goes well and the the signal provider is trustworthy, you should hopefully make a nice profit: A stop loss is standard practice that any good signal provider should be using. The stop loss is a mechanism that allows you to automatically exit a trade in order to mitigate losses. Typically, signal providers give 3 sell-targets, all of which you should be notified by your provider if any are hit. The sell-targets, or profit-targets, are the price point traders should look to exit the trade. This gives traders plenty of scope to try and achieve the correct buy-in price as this would affect their resulting profit. For example, instead of specifying a buy-in price of $8500 per bitcoin, a signal provider will provide a range of $8500 – $8600 per bitcoin. ![]() ![]() Typically, traders may not achieve the ideal buy-in price, which is why you may see providers give a range. Stop losses – A mechanism to automatically exit your position to mitigate losses.The sell-targets – The price you should sell the cryptocurrency at in order to achieve a profit.The buy-in price – The price you should try to buy the cryptocurrency at.The cryptocurrency to buy – The signal will specify which cryptocurrency that should be bought, e.g.A typical signal would contain the following information: Trading signals are instructions sent directly to an individual telling them which cryptocurrency to buy. This article will take a look at the 10 best Binance signals groups on Telegram, and why choosing the correct provider to follow will be instrumental in determining If you are able to generate a return or not.įor those who do not know what trading signals are, here’s a quick introduction. However, following trading signals may be a lucrative solution to this very difficult problem if traders are willing to take the gamble and explore this relatively new niche within the cryptocurrency community. With the prices of a majority of cryptocurrencies either stagnating or declining in value, trying to find the correct trade has become increasingly difficult. The use of Binance signals groups to help traders/investors determine profitable investments is becoming more and more prevalent. 0 Shares 10 Best Binance Signals Groups On Telegram ![]()
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