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Today, many traders focus on crypto coins as they are subject to high volatility, which allows speculating on frequent price movements. Yet, most beginners lack experience to make smart decisions on their own without any external prompts. For such cases, there is a wide selection of Telegram groups that offer trading signals.
First of all, let us explain to you what crypto signals are. These are notifications or messages including details of an order for copying. As a rule, they are provided by experienced and successful traders, so you can safely rely on their correctness. However, it is better to evaluate and analyze such prompts before implementing them. Another aspect worth noting is that, in most cases, you must execute trades specified without a delay ― within a minute or so. The point is that the crypto market is characterized by high volatility, which is why it is hard to make exact predictions on a long-term basis.
Why choose a crypto trading Telegram signal provider? Again, as you need to put such instructions into practice immediately, receiving them via a messenger is convenient. At the same time, today, most exchanges offer mobile apps, so you can both monitor notifications and initiate the corresponding deals with the help of your smartphone.
Now, let us discuss the choice of a provider. Here are the major aspects we recommend you pay attention to:
- prices (free or paid);
- availability of a free trial period;
- a number of signals per day;
- a period for trade execution;
- diversity of orders recommended;
- reviews left by other clients on third-party sources on the Web.
Obviously, to minimize risks, it is better to start from small deals and watch whether the signals selected are reliable enough.
Speaking about the exact names of providers, we have singled out 7 channels with the most advantageous terms based on their rates, accuracy, and number of signals. They are Verified Crypto Traders, CoinCodeCap, Fat Pig Signals, CryptoSignals.org, Learn2Trader, Universal Crypto Signals, OnwardBTW.
The only drawback of the services mentioned is that all of them are either fully or partially paid. Thus, for those traders who have a limited budget, we would like to mention the names of groups that are fully free of charge: MYC Signals, Crypto Classics, Klondike, and Binance Premium Signals (for those who use this particular exchange).
In sum, if you feel that you need certain guidance in which crypto deals to perform and when, you will certainly benefit from specialized Telegram signals (in case you choose a provider with care).