Crypto Signals Free & Best Crypto Signals What Should They Look Like?

Crypto Signals Free

It is a fact that not every participant in the crypto market, especially at the start, has enough money to first invest in tools to help with their crypto trading. This is especially true for crypto signal providers who are very reliable and with a proven track record with previous crypto traders, as their fees are very competitive high and unaffordable for many beginners and newbies in the crypto market. This is also true because the nature of these premium crypto signals is now recursive and users have to pay a large amount of their money every month to the service provider. Therefore some providers provide crypto signals free so they can learn.

What Should the Best Crypto Signals Look Like?

Here’s a breakdown of what the most beneficial crypto signals really should appear like – and what every single term suggests.

Crypto Pair

This one is pretty self-explanatory. After all, you need to know which pair the signal Broker is dealing with. We should note that the in-house analyst at currency com specializes in various cryptocurrency markets. This includes not only crypto-to-fiat but also crypto-to-crypto pairs.

For those who are not aware, a crypto-to-fiat pair will contain one digital currency such as Bitcoin and one fiat currency such as the US dollar. In this example, the pair will be represented as BTC/USD. Incidentally, it is the most traded cryptocurrency pair in the industry – with billions of dollars changing hands every day.

currency com is also experienced in trading various crypto-to-crypto pairs. This includes the likes of BTC/ETH – meaning we trade exchange rates between Bitcoin and Ethereum.

Long or short

An additional key metric that is mandatory in the crypto signal space is market direction. In other words, should you go long or short in a trade? Without this information, crypto signals will be worthless.

For those who are not aware:

If the Broker’s crypto signal tells you to buy, it means the Broker thinks the pair will increase in value

If the Broker’s crypto signal tells you to go short, this means that according to the Broker the pair will decrease in value

To clarify further:

If the crypto signal instructs you to buy, then you need to place a buy order at the crypto broker of your choice

However, if the crypto signal tells you to go short, then you should choose a sell order

Broker’s team of analysts feels comfortable buying crypto pairs. Most importantly, there is no emotional attachment to each of the digital currencies we trade. On the contrary, the main objective of the Broker is to profit from the position.

Limit Order Price

Make no mistake about it – the best crypto signals will always come with a required limit order price. If you are new to trading, you usually have two options for entering the market.

By default, most on the internet brokers ask you if you would like to locate a ‘market order’. This means that the broker will execute your trade instantly – at the next available price.

While this is great for long-term investments, it is not very suitable for short-term crypto trading. This is because it is much more risk-averse to enter a trade at a certain price – according to the fundamental research that has been done.

Stop-Loss Order Price

So far, the Broker has determined that the best crypto signals will tell you what pairs to trade, whether you should buy or sell, and what entry price you should set for your limit orders.

However, this is only half the battle. After all, to trade in a risk-averse manner, you must have an entry strategy.

Again, currency com ensures that you have all the information you need to profit from our crypto signals – which is why they always provide stop-loss and take-profit orders. Regarding stop-losses, it’s a risk management tool that ensures we don’t lose too much money in a trade – if it doesn’t go according to plan.

This is important, because even though they have a long track record of best performing crypto markets – they don’t claim to win every trade.

On the other hand, there will always be losing trades. With this in mind, we suggest a suitable stop-loss order price that you should apply when acting on the broker’s crypto signals.

Take-Profit Order Price

There is one more important piece of information that the best crypto signals will provide – and that is the recommended take-profit order price. It works the same as a stop-loss order, but instead of reducing risk, it will attempt to lock in the broker’s profit from the trade.

In the example we provided earlier, we noted that the recommended take-profit order price is $238.74. This is 3% above the suggested limit order price of $231.79 – meaning the broker is trying to make a 3% profit on this particular crypto signal.

Again, if the take-profit price is matched by the market – the crypto broker in question will automatically close the trade. This way, the broker can lock in our profits without having to sit on the device to manually exit positions.

Risk vs Reward

Leading from the above section on stop-loss and take-profit orders, the currency com team of analysts will always consider the risk/reward ratio when sending crypto signals.

In the example above, the risk is 1% – that’s what our recommended stop-loss price is. The reward part of the equation is 3% – because that is where the Broker positions its take-profit orders.

Most importantly, most of the crypto signals they send will follow a 1/3 risk/reward ratio. In simple terms, this means that the broker risked 1% of the capital to earn a profit of 3%. Thus, they only need to have one successful trade out of every three trades to make a profit.