Below you'll find answers to our most frequently asked questions
This is hard to give an answer for, it depends greatly on your experience, risk management and other variables such as mistakes, errors and so on. Money management is among the most important skill you can fully develop as a trade, not letting your emotions control your decisions. It's easy to have a few wins and then put down a bigger trade which ends up loosing, then you try and recover the loss with another big trade and loose again, before you know it you're down half your balance. In trading you can go through clusters of good and bad luck, so you have to be prepared to lose 5 times for example and not have a massive effect on both your balance and state of mind. With our signals, it's entirely possible to make at least 10-20% per month consistently using a consistent strategy, such as risking 2-3% of your balance on each trade. You might think, only 20-30% a month that's nothing? Well in trading this is a large amount, especially if you can do it month on month, compounding up your profit. 90% of traders lose money and they lose because they have unrealistic expectations coming into trading, expecting to make 100% a day, it just doesn't happen like that and anyone that tells you its possibly is lying. You have to be prepared to make small and consistent results and slowly grow your balance to win in trading. Some people can stick to a 2-3% risk strategy for a few weeks or even a month but most people, in the end, want faster bigger profits and therefore take some risk trades with a larger % of their balance, only to get REKT in the end.
Trade calls otherwise commonly known as signals is simply a trading indicator/tip which we give you. The signal will include key pieces of information such as, the coin or asset, the entry zone we're looking to take, the take profit zones we're looking to secure some profit, and the stop-loss zone to protect our capital. The trading signal should be seen as an educational piece of information which you can then use and research yourself to see if you want to take the trade or no, learning to do your own analysis with trade calls will help you actually become a profitable trader. Blindly following trade calls is not always a good idea.
Currently, Altsignals is running signals and Analysis on the core exchanges and brokers, this includes, BITMEX, BINANCE and FOREX. To find out how you can get started with forex signals contact me the owner @R_O_D on Telegram! :) Currently, I am doing about 10-15% a Month with forex and will be focusing on it a lot more over the coming months.
Leverage trading (Sometimes referred to as Margin Trading) involves entering and essentially 'Borrowing' funds to increase potential returns when trading Assets. With Leverage trading, you have access to larger purchases than your actual balance. For example; if you place a trade for 10 BTC with a leverage of 10x, your position will open with the value of 100 BTC. If the market moves in your favour, you will have access to 10 times the profit! however, the losses are also magnified. Leverage trading is extremely risky and complicated, But here at AltSignals, we can make it a breeze.
Altsignals is one of the longest-running Telegram trading channels out there, we have been going for almost 2 years now. Which does not sound very long but considering when the majority of other Crypto Telegram channels started it is! With our long-running time, we have developed a consistent strategy for profitable signals every day in most cases. Another key reason I believe Altsignals is the best trading group is the support that is available, Myself (@R_O_D) or Luis (@RCryptoSensei) Can be contacted any time of day for instant support, We are online most hours of the day and actively trade all day as well. No matter if you're new to trade, experienced or just bored and want to chat me and Luis are always here to have a friendly chat and never make you feel stupid for asking any question, we all start somewhere so don't feel afraid to ask us anything!
Rod is based in UTC Timezone, Luis is based in UTC - 5, This means we're online while the other is asleep! As for our signals we post them 24/7, the market does not wait for anyone so if we see a good opportunity we WILL take it! But you should note majority of our signals are sent in GMT times between 9am to 5pm
Any amount is worth investing. We've seen people start with a BTC balance of $100 and build it upto $1,000 over a period of time. The biggest thing to remember is to NEVER invest your full balance into 1 asset, This is a game of patience and chasing a 'Get Rich Quick' scheme will always make you lose! At the start its very important to only invest a small amount or only put a small amount on each trade, because mistakes will happen so you want to minimize your loss during the first stage when you're still figuring out your process and making mistakes.