#CryptoETFMania What is trading signal trading?

What do you think trade signals could be? Most likely, you can guess how they are calls to some sort of action. But what calls and to what action?

A trade signal is not an artificial intelligence tool. It is simply a signal to trade an asset (e.g., Bitcoins) sent to you in real time, when the market updates and generates certain conditions. Trade signals are often generated by technical analyses or a group of experienced traders providing their insights. Later, you can receive those crypto signals either via email, text messages, or Telegram.

So, what are they? In a word, crypto signals are based on ideas or suggestions to trade a coin at a certain time or price, as well as on top of particular trading venues.

The best crypto signals work usually like this. They contain a full set of the information on what to do and how to limit the risks. The information includes:

The cryptocurrency you’re suggested to buy. For example BTC, ETH, XRP. Coins to buy is determined by market conditions and tech indicators. The signal providers define which coins have a potential to bring noticeable profit.

There are signal providers specializing in just one exchange, or providers specializing in different coins

The buy price – The price you should buy the currency for. It is usually close to the current market price but can be slightly lower or higher

The targets – the price at which you will sell the coins you bought and take profit

Stop losses – An order that will close the position once a certain loss level is reached.

For example, the signal might suggest you buy AGI/ETH at Binance, meaning you will buy AGI for ETH.

The signal provider will also give you a reasonable spread for an entry point, in this case, 0.00006722 – 0.00007013; the current ask price, 0.00006978; a stop-loss value, 0.00006503, and targets, for instance, 0.00007853 (12.54%).

In a nutshell, if you’re looking for a quick and short recommendation to react to a certain market