Let’s be honest — we all want quick profits in crypto. And free trading signal groups on Telegram, WhatsApp, or Twitter seem like the easy way out, right?
“Buy now!” “100% profit guaranteed!” — sounds tempting.
But wait... have you ever stopped to ask — Who is giving this signal? What if it’s fake?
In this tutorial, we’ll break down:
How fake signals work
What are the risks of following them blindly
What you should check before taking any signal
And how to actually become smarter at trading
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1. What Are Fake Signals, Really?
Fake signals are random or manipulative trade calls made by people who usually:
Have no real trading knowledge
Just want to gain followers or sell paid signals
Copy signals from others and pretend it’s theirs
In some cases, they don’t even trade themselves — they just throw a message like:
> “BTC long now! Target 10% profit!”
And if it fails? They quietly delete the message.
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2. Why Following Signals Blindly is Dangerous
Here’s what can go wrong when you follow such free signals without checking:
A. No Risk Management
Most free signals don’t mention stop-loss. That means you don’t know when to exit if things go wrong. One bad trade can wipe out your account.
B. No Transparency
You don’t know who the signal provider is. Are they real traders? Or just guessing?
C. You Learn Nothing
If you always depend on others for trades, you’ll never learn how to trade yourself.
D. Emotional Traps
Fake signals usually come with emotional hype:
> “Don’t miss this one!”
“I made 500% profit!”
These messages pressure you to act fast — without thinking. And that’s how you lose.
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3. Signs That a Signal Might Be Fake
Before you act on any signal, ask these questions:
Is the entry price clearly mentioned?
Is there a stop loss and target?
Has the provider shared past performance records?
Do they show real trade screenshots or fake MT4 images?
Are they using phrases like “guaranteed,” “100% profit,” “don’t miss”?
If yes — huge red flag! Stay away.
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4. What Should You Do Instead?
A. Learn Basic TA (Technical Analysis)
You don’t need to become a pro, but learn basics like support/resistance, RSI, moving averages. This helps you verify any signal yourself.
B. Backtest the Strategy
If someone gives a signal like “Buy on RSI below 30,” go to TradingView, test it on past data. See if it actually worked.
C. Start with Demo or Small Capital
Never go all-in on a stranger’s signal. Try it on a demo account or small position first.
D. Follow Transparent Traders Only
If you really want to follow signals, make sure the trader:
Shares verified trades
Has public track record
Doesn’t hype or overpromise
5. Remember: No One Can Predict the Market 100%
Even professional traders lose trades. The difference is — they manage risk and follow a system. So stop expecting “magic signals.” There are no shortcuts.
"Have you ever faced a loss because of these so called signals?"