The use of Binance signals groups to help traders/investors determine profitable investments is becoming more and more prevalent. With the prices of a majority of cryptocurrencies either stagnating or declining in value, trying to find the correct trade has become increasingly difficult. However, following trading signals may be a lucrative solution to this very difficult problem if traders are willing to take the gamble and explore this relatively new niche within the cryptocurrency community.
This article will take a look at the 10 best Binance signals groups on Telegram, and why choosing the correct provider to follow will be instrumental in determining If you are able to generate a return or not.
For those who do not know what trading signals are, here's a quick introduction.
Trading signals are instructions sent directly to an individual telling them which cryptocurrency to buy. A typical signal would contain the following information:
Typically, traders may not achieve the ideal buy-in price, which is why you may see providers give a range. For example, instead of specifying a buy-in price of $8500 per bitcoin, a signal provider will provide a range of $8500 -- $8600 per bitcoin. This gives traders plenty of scope to try and achieve the correct buy-in price as this would affect their resulting profit.
The sell-targets, or profit-targets, are the price point traders should look to exit the trade. Typically, signal providers give 3 sell-targets, all of which you should be notified by your provider if any are hit.
The stop loss is a mechanism that allows you to automatically exit a trade in order to mitigate losses. A stop loss is standard practice that any good signal provider should be using.
If all goes well and the the signal provider is trustworthy, you should hopefully make a nice profit:
Trading signals are cryptocurrency exchange specific. For example, Binance signals are trading signals that can only be followed if you wish to place a trade on the Binance cryptocurrency exchange. However, there exists other trading signals that are specific to other crypto exchanges such as: BitMex and Coinbase.
Now that you understand what trading signals are and how profitable they can be, we can now get onto the 10 best Binance signals groups on Telegram.
Binance Killers has been known for years in the market as one of the best options for alt-coin signals (with and without leverage). They provide on average 1-2 signals per day and an overall accuracy of 97%. They’ve made a couple of millionaires from their VIP members and not out of pure luck. They not only offer trading signals like most other channels, they teach their members how the market works and how to manage their risk when trading from 0.
Trading alt-coins has become increasingly popular since the launch of the Ethereum Network and it doesn’t show any signs of slowing down. People think trading alt-coins is much easier than margin trading or Futures trading, however there are only a few traders that make it in this market.
From the contact we’ve had with them and their VIP members, we discovered most of them made their VIP fees back in a couple of trades and are more than happy with their service. VIP members also receive exclusive news and market insights, even before they are known by the general public.
Their free channel also offers a couple of signals and most market analysis, making it extremely easy for new members to learn about the market. It also offers advanced trading features for professional traders, and have partnered with several international financial firms which have got them to where they are today. Their support team is extremely friendly and will be more than happy to answer any question as they’re available 24/7.
We highly recommend following Binance Killers if you are starting out in this market or if you are an experienced trader looking to learn more and level-up your crypto trading game.
They are a team alt-coin signal experts, ready to make your portfolio grow if you are ready to learn from them and properly manage your risk.
Margin Whales is a signal trading service that was launched by Mycryptopeda.com, a well-respected cryptocurrency publication in the community. Margin Whales specialises in providing high-quality bitcoin signals for the Binance and BitMex cryptocurrency exchanges.
Getting started with Margin Whales is straightforward, simply follow the steps below:
If you have an account on the Telegram messaging app, then the best way to get started is to send a quick message to our admin: @Mr. W to get a good idea of the kind of service that we offer. We also recommend joining our free crypto signals group, Margin Whales. If you don't have the Telegram app, then the next best way to get in touch with us is by shooting a message to @Mr. W. Once your message arrives, Mr. W will then walk you through everything that you need to get started.
Margin Whales offers 3 premium plans for crypto trading signals: 1 month, 3 months and Lifetime. Membership to these groups can be paid via cryptocurrency with @Mr. W.
Once you become a premium member, the MYC team will help you get setup, so that you can start following signals and making money passively. With a 24/7 customer service, the MYC team will always be on-hand to help.
They’ve become one of the most widely known and praised group of analysts in the market for the last several years. They’re based in Moscow, Russia and are completely transparent when it comes to their content and trading signals. Federal Russian Insiders (or FRI as they’re frequently called by the crypto-trading community) has built up a reputation from the ground up, proving themselves to the at the top of their game for so long. They mainly provide margin signals (ByBit) and alt-coin holds (Short, Mid and Long Term).
They average 60 signals per month (2 signals per day) and specialize on trading Fibonacci sequences, which makes it extremely easy for beginner traders to enter their signals. They generally send entries hours or days before they hit and are know for their 93%+ all time accuracy. No surprise so many other channels end up copying them with no success.
I’ve been in contact their team, and can tell you with complete confidence that those Russians aren’t only intimidatingly disciplined, but they’re also friendly (in their way, lol) and they’re guys I could literally trust my life to. To them, loyalty is always number one. Someone who isn’t loyal is worth nothing, and they’re as loyal to their members as a captain is loyal to his ship.
As a bonus, they provide their VIP members with access to a $30,000+ library with exclusive trading courses, guides, books and insights. Absolutely for free. FRI is probably the best choice out there for any beginner or experienced trader looking to learn much more about how this market works and how exactly to profit from it.
This cryptocurrency trading signals service has been created in order to offer an alternative way of trading digital assets. The VIP channel would be much more accurate and it would allow you to have better results with your trading strategies. Indeed, this trading channel could be good to support your trades and confirming entry and exit points in the space.
Run by one of the most successful and prominent female figures in crypto, Wall Street Queen has been steadily climbing the rankings of most accurate and relevant news outlets in the market. Wall Street Queen is a 100% Free channel focused in providing technical analysis, and only the most important and unreleased news and announcements, handpicked by the Queen herself.
Even though Signals are sporadic in the channel (generally 15-20 per month), they hold one of the highest accuracy rating sin the market, with a historical 96.5% accuracy and a verified profitability that would make any other “expert” order cry.
These guys have one of the greatest and most responsive trading teams in the market, offering personalized charts and technical analysis for every single call. We’ve been following them for a while now and we can tell you with unparalleled confidence that Crypto Inner Circle’s free channel is more profitable and active than most other channel’s VIPs.
Their main focus lies on spot and low leverage alt coin trading, area. In which they’ve proven over and over again to be the best. Each trade, chart, analysis and results (both profits and losses) are available to the public making Crypto Inner Circle one of the most transparent Telegram Channels we’ve seen so far.
One of the oldest Telegram trading channels still standing and running, their admins are extremely responsive and active with their members both VIP and free. Their highly accurate and digestible signals have gained them a spot on our list as one of the top trading channels out there.
Integrating auto trading (just like FRI and Binance Killers) it’s a good option for part time traders looking for a less time intensive yet profitable experience in this market.
All the members in the Alt Signals team is a professional in its area, making this new and signal provider one of the most accurate and trustable sources in the market. As far as alt coins go, they’ve been known for a very long time for catching perfect bottoms on most of their trades.
Even though their short and mis term trades trades can be decently profitable, what Alt Signals really shines for is its long term calls which are known to reach 3x, 5x and even 10x from their entries.
Now that you have a complete list of all the top crypto Binance signals groups on telegram, it's also important to understand that there are two different types of trading that can supported on Binance -- spot and leverage trading.
Each has their own pros and cons, and an important question to ask a channel admin when looking to join a Binance trading signal group is which type they support. I'll give a quick description of what both are along with their respective advantages and disadvantages.
Spot trading of Bitcoin is characterized by the purchase and immediate delivery of the asset itself. Most people when they say they want to buy Bitcoin will be referring to spot trading. It is the most common way of getting exposure to the asset class.
To illustrate, consider the following example: Alice opens a Coinbase account and wishes to use $1000 of her money to buy Bitcoin. With a current trading price of $10,000 for 1 BTC, Alice's $1000 gets her exactly 0.1 BTC in her wallet.
The price of Bitcoin increase to $11,000, making Alice's 0.1 BTC now worth $1100. Using her Coinbase account, she decides to sell her bitcoin yielding a nice return of $100.
This method of using fiat gateways such as Coinbase to purchase a cryptocurrency is spot trading. It is the most common type of trading that new investors will engage in and is less risky when compared to its counterpart of leveraged trading.
A key thing to note about spot trading is that you can only bet that the price of the cryptocurrency you've purchased will go up, this is also known as going long. Whereas leverage trading allows you to both bet the price of an asset will go up as well as down (going short).
Typically this may not be an issue for most investors, however, when Bitcoin enters periods of decline, or also known as bear markets, then only being able to take long positions makes it a difficult asset to trade.
Leveraged trading is the opposite of spot trading in that instead of directly buying and selling Bitcoin, you are instead buying and selling a representation of Bitcoin in the form of a futures contract, to be more specific, a perpetual contract.
Perpetual contracts are a type of futures contract in that they are simply an agreement to buy or sell a cryptocurrency at a predetermined price at a specified time in the future. What make perpetual contracts special is that they do not have an expiry date and so can be held for an indefinite amount of time.
The key thing to note here is, when you're buying and selling contracts on Binance, you are not _directly _buying and selling bitcoin itself, but instead, a representation of it in the form of a contract.
There are a few advantages of being able to leverage trade, but the key ones to note are: being able to go short and being able to use leverage.
I'll further explain the differences between being able to go long and short as well as being able to use Leverage.
Going long is the process of speculating that the price of a cryptocurrency will increase, which is in contrast to going short, wherein you are speculating that the price of a cryptocurrency will decrease.
The process of longing can be summarized as follows: buying a cryptocurrency at a specific price, the price of a cryptocurrency increases, then selling the cryptocurrency at its new increased price and making a return.
For example, say the price of Bitcoin was currently trading at $10,000 and you decide to buy 1 BTC; this makes your purchase price $10,000. Now, if the price of Bitcoin were to increase to $11,000 and you sell, this would result in a 10% return, yielding a $1,000 profit minus any trading fees. This process is known as going long on a cryptocurrency and is the primary method in which many new traders tend to invest.
This is in contrast to the process of going short on cryptocurrency which can be summarized as follows:
Borrowing a cryptocurrency from a willing lender that is then immediately sold at market price, the price of the cryptocurrency then declines, the cryptocurrency is then repurchased at a lower cost then returned to the borrower. To illustrate, Bob borrows 1 BTC from Amy which he then immediately sells at market price of $10,000. The price of 1 BTC then falls to a price of $8,000 at which point Bob buys back the 1 BTC then returns it back to Amy. The net result of this is a $2,000 profit for Bob minus any trading fees.
A tool that most advanced investors will use in order to amplify the returns that they are able to achieve with their trades is through the use of leverage. Using this tool can be incredibly lucrative but can also lead to ruin if not used carefully.
I'll give a further description of leverage in the next section below.
An investor can use leverage in order to trade as if he or she had larger amounts of capital than they actually do. For example, say you wanted to buy $10,000 worth of Bitcoin, but you only have $1,000. Through the use of leverage, this trade would still possible.
If you selected leverage at a ratio of 1:10, then in order to purchase $10,000 worth of Bitcoin, you would only need to put up $1,000 as margin. This margin amount is used to cover any potential losses, however, you are now able to trade as if you owned $10,000 worth of Bitcoin from just $1,000.
Binance Futures offers leverage from as little as 5x all the way up to as much as 125x. It should go without saying that the higher the leverage an investor uses, the higher the risk. This is because the liquidation price, the price at which an investor loses their entire account balance, becomes tighter. However, higher leverage also means that an investor stands to gain a significant amount of money if traded correctly. As a result, it is up to the investor to strike a balance between risk and reward.
Moving on, while we are on the topic of leverage, it's important to highlight that there are two types of leverage that a trader must be aware of, namely cross and isolated leverage.
Isolated leverage is the initial capital required to open a position. One of the key advantages of isolated leverage is that you can know the exact amount you are risking. This has the distinct advantage of limiting potential losses as you can only lose the amount you have used in the trade itself. Examples of isolated leverage would simply be leverage ratios such as, 1:2, 1:10 etc. All these ratios require a specific amount of margin in order to open the position in the first place. It is isolated leverage that most new investors will find themselves using. It is the less risky of the two types of leverage, and as such, should predominantly be used by those who are still new to the concept. Conversely, cross leverage is a tool that allows a trader to use their entire account balance as margin for an open positions in order to further prevent the risk of liquidation.
To illustrate the differences between both forms of leverage, consider the following example. Alice has an account balance of 1 BTC and decides to open a long position using isolated leverage. To do this, she uses 0.1 BTC as margin for the trade, therefore leaving 0.9 BTC in her account balance and also limiting her total potential losses to 0.1 BTC. This is to say that her losses will be _isolated _to her margin.
This is in contrast to cross leverage which would require Alice's _entire _account balance of 1 BTC to act as margin in order for the trade to be opened. This therefore means that Alice's potential losses is her entire account balance of 1 BTC.
This is why cross leverage is significantly more risky that isolated leverage and should only be used if you know what you are doing. However, the real question that must then be asked is: why would anyone ever use cross leverage? The answer is liquidation price.
Using an account balance of 1 BTC to act as margin for a trade, versus using 0.1 BTC results in that trade having a much wider liquidation price. This would mean that you have more room for a trade to against you without risking liquidation.
It therefore requires a trader to be very confident of a trade for them to risk using cross leverage. However, if used correctly it also means that he or she stands to make a significant sum if they bet correctly.
To conclude, trading signals are a lucrative way of generating returns in what recently has been a tough investing climate for crypto. Signal providers tend to release signals relating to a specific cryptocurrency exchange such as: Binance, BitMex and Bittrex. This list has taken a look at the top 10 Binance trading signal groups on telegram. You can find out more on these providers by joining their telegram channel.
It is also important to understand the key differences between spot and leveraging trading as well as the concepts that come along with it such as: leverage, going long or short etc.
You should only join a signal group that practices correct risk management as the results can be disastrous if done incorrectly. It is up to you as an investor to strike the fine balance between risk and reward, however, it can certainly be done.
If done correctly, then the investor can stand to make attractive capital gains on a consistent basis. We hope this article has left you better informed regarding not only the best Binance signal groups in the cryptocurrency space, but also the key trading concepts that come along with trading such a volatile asset like Bitcoin.