How to Join and Trade with a Crypto Signals Group?

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Are you wondering how to join a crypto signals group, interpret signals, and execute trades? This detailed beginner’s guide contains all you need to know to start trading profitably with crypto trading signals. 

I understand that joining a crypto signals group, understanding signals, and trading can be an overwhelming prospect, especially if you’ve never traded assets before. As a complete beginner, this guide gives you a detailed roadmap from buying a signals group subscription to executing profitable trades. 

How Can a Crypto Trading Signal Provider Help You?

Jump to “Getting Started with a Crypto Signals Channel” if you’ve already purchased a trading signals package. But if you’re still wondering whether you should join one of our partners and how it’ll facilitate your trading journey, continue reading. 

It’s important to carefully seek out chat groups that are both active and reputable to enhance your experience. Groups that are low-quality or inactive can clutter your chat list with unnecessary noise and misinformation.

To buy or not to buy a trading signals plan? This should be the first question you should ask when getting started with crypto trading. And the straightforward answer to the question is: 

There’s no reason why you shouldn’t subscribe to one of the best crypto signal groups if you’re not a professional trader. While it may seem heavy on the pocket, this investment will make sure you don’t lose the money you invest in trading. Moreover, some of our partners have win rates higher than 90%, so you will make a profit on your trades almost all the time.

Trading signals help you learn how to trade while making handsome profits simultaneously. Most novice crypto traders end up underwater simply because they don’t have the trading expertise needed to stay profitable in the long run. 

With crypto signals, you get to ride the shoulders of giants. I mean, even if you’re a beginner, you get to trade just like a highly experienced crypto trader would and make profits in the same way. The lead traders with most of our partners have decades of trading experience. They make a living through trading and can help you do the same. 

Choosing the Best Crypto Signal Provider

Getting into a crypto signals group sounds like a no-brainer for new traders. However, the more important question pertains to which crypto signal channel to join. Here at SmartOptions, we help you make that choice with ease. 

A summary of the previous month’s trading results (click to expand)

We review the best crypto signal providers on the market and release a monthly performance report that compares the signal providers’ results on a regular basis. Our rankings and reviews will surely help you decide on the best signal provider for you.  

The win rate represents the profitable trading signals as a percentage of the total signals issued by a provider. This is a pretty good measure of how reliable a signal provider is. However, you also have to consider other factors like what communication channel they operate on, the best crypto exchanges they use, and the price they charge for their service.

Guide to Buying a Crypto Signals Plan

Once you’ve decided which crypto signal provider to go with, buying a subscription is next. Fortunately, we have made this much easier for you. 

Here are our top signal providers and discount codes you can use to get exclusive SmartOptions discounts.

#Crypto Signals GroupsDiscountCodeReview
1.Fat Pig Signals 25%SMART25Read
2.WallStreet Queen 20%QUEEN20Read
3.Binance Killers
15%
BK15Read
4.Raven Signals Pro25%SMARTOPTIONSLIFETIMERead
5.CoinCodeCap10%SMARTCOIN10Read
6.OnwardBTC 20%SMARTOPTIONSRead
7.Wolf of Trading
8.Fed. Russian Insiders
9.Universal Crypto Signals25%SMART25Read
10.Verified Crypto Traders 25%SMARTOPTIONSRead
11.Crypto Inner Circle
12.Rocket Signals FreeFree
13.Margin Whales Read

Getting Started with a Crypto Signals Channel

You’ve just bought your first crypto trading signals plan. In most cases, you will first join a new chat on secure messaging apps like Telegram or Discord, where a bot gives you options to choose from among multiple trading groups or channels in the chat settings. 

Usually, this is a choice between Spot, Margin, or Futures trading signals, as a lot of signal providers issue different types of trades in separate channels. Whether you want to join one of the three or all is completely up to you. But first, you’d need to research and learn how different types of crypto trading work. Here’s a quick glance at the difference between spot, margin, and futures trading.

Spot Trading 

Spot trading is the simplest type of trading that involves simply buying and selling crypto at the market price. If you buy crypto at a lower price and sell at a higher one, the price difference will be your profit and vice versa.

Margin Trading 

This is a more complicated type of trading that involves a higher risk-reward ratio. Margin trading involves leveraging your trades, where you can lend money and enter a trade with a higher amount of crypto than you have actually bought. 

If you use 10x leverage, for example, you spend 10%, lend 90%, and enter a trade. If the trade is profitable, you earn a much higher profit than you would’ve otherwise. Similarly, losses are also multiplied, and you can end up losing a lot more than you have or can afford. 

Futures Trading 

Futures are contracts that represent the price of a specific token at some point in the future. You don’t have to own the underlying crypto to enter a futures trade. Rather, you enter a contract where you agree to buy or sell a token at a later date. This is a more complicated type of trading that is not as easy to understand. However, it allows you to earn money in both bullish and bearish markets. 

Connecting Your Crypto Exchange Account

Once you’ve decided what type of trading you want to engage in, enter the respective group or channel. As mentioned before, some of our partners have separate channels for different types of trades. But you’ll also find signal providers that have a single group only, and this makes things much easier. 

Once you’re in, you will start receiving the actual trade signals. The exact format of a signal depends on the provider, but you’ll see more or less the same thing. Here are some examples from our top signal providers Universal Crypto Signals and Fat Pig Signals.

Screenshot of BTC/USDT trading signals from Universal Crypto Signals

Don’t worry, the sea of numbers looks scary, but it’s not difficult to understand. I’ll explain the information that comes with each signal and how you can interpret it. 

Signals Explained

  1. Traded asset: More often than not, the first thing you will see on a signal is what cryptocurrency is being traded for. In most cases, it’s USDT, another stablecoin. In the examples above, you’d buy BTC or TRX in exchange for USDT. 
  2. Exchange: Some signal providers mention which exchanges a particular signal applies to. Although the market prices are roughly the same, different traders prefer different exchanges when it comes down to liquidity and trading volume. 
  3. Signal type: This represents what type of signal it is. This can either be a long, short, or mid-term signal depending on how long the trader expects the trade to last. 
  4. Entry targets: These are the exact price points at which you are recommended to buy. You will notice that the signal provider gives you a price range and directs you to make your purchases in parts and not go all in at once. This helps deal with volatility and makes your trade more profitable. 
  5. Take profit targets: These are the prices the expert trader wants you to cash in. Just like the entry point, profit targets are also a range where you sell different percentages of your equity. You typically will sell a large proportion at the first target to lock in your profits.
  6. Stop loss: This is a precautionary price point that is there to save you from incurring a big loss if a trade goes south. The stop loss level is a bit below the entry price and if the market value of the traded crypto falls to stop loss, you sell off your equity, abort the trade, and save yourself from losing even more. 

Manual or Automated Trading

The section above would’ve given you a pretty good idea of what information a signal carries and how you can use it to execute a trade. If you choose to understand a signal and enter a trade manually, you’re prone to making errors. However, you can automate the entire process with a crypto trading bot

Auto trading bots are software that is pre-configured with respective signal providers and allows you to trade with a single tap. As soon as you receive a signal in the group, you can tap on ‘Follow Signal’ on the chat screen, and the bot will purchase the appropriate cryptocurrency at the price level determined. It will also automatically sell it off when the take profit target is reached or if the stop loss is reached. This means you don’t have to be on top of the exchange 24/7. 

Setting up auto trading bots with your signal provider, Telegram group, or Discord channel is pretty straightforward. Here’s a step-by-step guide.

Setting Up Your Auto Trading Bot

If your signals package includes automated trading, you will likely get an option to follow a signal with a single click with every signal. This button will help you set up the trading bot.

  • Step 1: Tap on the One-click Follow Button – This step takes you to the trading bot’s official Telegram or Discord ID where you can connect it with your exchange. You will see a ‘Start’ button on the chat screen. 
  • Step 2: Add client – Adding a client means telling the bot to follow signals from a specific provider. 
  • Step 3: Select exchange – You will first have to select the crypto exchange of your choice that the signal provider also supports. 
  • Step 4: Select the market type – This is where you choose between the Futures, Spot, or Margin markets.
  • Step 5: Connect the exchange to the bot through API – Go to your exchange, find your API, and connect it to the bot. This will successfully connect your exchange to the signal providers’ signals. Make sure to check the required permissions on your exchange’s API settings. 
  • Step 6: Trade automatically – Now, you can start auto trading or one-click trading. Whenever you receive a signal, if you want to follow it, tap on the button, and the trading bot will handle everything for you.  

Trade with a crypto signals group: Conclusion

Trading with crypto signals is a great way to make money and educate yourself. However, a lot of our readers reported difficulty getting started with trading using signals. More often than not, our readers felt a lack of clear guidance after they joined a trading channel.

We hope this step-by-step guide gave you a clear idea of how to join and trade with crypto signals. If you feel anything’s missing, feel free to chip in the comments section, and we can constantly update the post. 

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Disclaimer

Some reviews on SmartOptions are paid or sponsored. We may also receive commissions, meaning we receive compensation for our time and referrals. However, the opinions and viewpoints expressed within these articles are those of the writer alone and are not influenced by the project team. Furthermore, the writers or the SmartOptions team may hold cryptocurrency themselves, and readers should keep this in mind when evaluating any content. We are not financial advisors. The information provided by SmartOptions is for informational purposes only and should not be considered legal or financial advice. You should always consult a financial advisor or other professional to determine what may be best for your individual needs and risk tolerance. Please do your own research, and never let anyone trade your account for you. We solely review hardware, cryptocurrencies, signal providers, and their work, analysis, and educational content.

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Ahad Waseem
Ahad Waseem
A linguistic engineer who writes to solve problems. Ahad is a cybersecurity, blockchain, and business writer who often takes on art, politics, and economics too. He’s written for various crypto publications and trades cryptocurrency too. When he’s not writing, he’s probably on horseback, caring for his houseplants, or training Bonsai trees.