Crypto Signals

Crypto signals are trade recommendations to open a position in a cryptocurrency. Crypto signals are issued by professional traders and analysts after thorough consideration of the crypto fundamentals, tokenomics, technical analysis and broader market sentiment. Crypto signals include the name of the asset to trade, the order type to buy or sell, as well as the take profit and stop loss levels. They are displayed on the signals service page or are sent through various means, such as SMS, email, WhatsApp or other messages. Typically, crypto signals include the following information:Name of Asset Pair to Trade (BTC/USD, BTC/ETH, ETH/USD, XRP/USD etc.) – This is the abbreviation of the cryptocurrency name which is displayed as the first asset, followed by the asset you are buying/selling against, such as the USD.Type of Action (Buy/Sell) – This is a call-to-action-style signal in most instances, with it often taking the form of a direct “Buy” or “Sell” statement.Targets to Close the trade (Take Profit and Stop Loss) – The Take Profit target is the exit point for a trade in case the price goes in the right direction, while the Stop Loss target is where the trade closes if the price goes in the wr0ng direction, once the price has reached that level.Entry Price – The Entry Price in a crypto signal is the price where the cryptocurrency at the time the signal was issued. It helps followers compare the price of the crypto coin at the time when the signal was sent with the actual price at the time the follower opens the order.Read more about what are crypto signals?

Crypto signals are a set of information to help traders execute a trade, so they are pretty simple and easy to read, since they provide the most important information needed to trade. Pending signals instruct followers to leave a pending order, with the Entry Price, Stop Loss and Take Profit, while live signals are a call to action. All you need to do is to follow the instructions and open the trade as soon as possible once you get the signal, in order for the actual price to be as close to the entering price in the signal. Just copy the targets to your trading account and you’re set.Read more about how to make the most out of crypto trading signals?

Crypto signals are issued after considerable analysis from experienced analysts, who expect the price to go in a certain direction. They include all the important information for traders to copy, although traders are not obligated to follow the instructions exactly as received in the signal. They can move targets to maximize the profit or avoid a loss, in case the forces which drive the crypto market around change. Different signal providers also adjust the TP and SL targets when markets change as nothing is written in the stone, although follower can decide whether to implement these changes.Read more about how to use and understand crypto signals?

A crypto signals service provides trading instructions to open a buy/sell position on a cryptocurrency, which can be free, for a fee or mixed. Signal services employ experienced traders who understand the cryptocurrency system pretty well or an automated trading software which opens issues trade recommendations based mostly on crypto technical. FXleaders is a signal service provider, which offers crypto signals as well as trading signals on most important markets.

Trading crypto signals is easy, all you have to do is follow the instructions as indicated in the signal. Open the trade by buying or selling the asset that is specified, as soon as receiving the alert, so the actual price will be as close as possible to the opening price of the signal. Place the stop loss and take profit target to protect the trade and book profit in case the price goes in the right direction and the trade will close automatically. Traders who are more experienced in the cryptocurrency market can also play with stop loss and take profit targets to avoid losses or maximize profits.Read more about crypto signals for technical traders

The performance and returns of the signals decide the best signal provider, so profit history shows a lot, although the provider should be tested in real time as well, with real money. The win/loss ratio over a period of time shows the performance in simple terms, but the stop loss and take profit targets also matter, so they should be taken into consideration when evaluating the win/loss ratio. The frequency of crypto signals and the exposure (number of signals open) is another factor which each trader should take into consideration according to the equity and their trading strategy.

As a trader, do take when choosing a crypto signal provider and perform due diligence before subscribing to a crypto signals service. Take some time to test the service by following each trade for a period of time, copying them on a demo account or by adding signals to your own market analysis toolkit to assess the performance. As long as crypto signal providers offer trade recommendations, they are legit, but their acclaimed performance might not be too legit. Usually, the more transparent a signals service is, the more legit their work is.