• Which digital currency, eg BTC, ETH, LTC
• Amount – what percentage of your current holdings should be spent on the trade
• Buy-in price – target price at which to buy the cryptocurrency
• Sell-targets – target price at which to sell the cryptocurrency
• Stop losses – this is a “safety net” mechanism at which you will automatically exit in order to mitigate losses in exceptional circumstances

In many cases, the buy-in price and the sell target will be represented as a range, not a set value. For example, while one signal might specify a buy-in price of $8,500 for one Bitcoin, it would be more common to provide a range of, perhaps, $8,500 to $8,600.

The signal provider will automatically provide notifications when entry targets are achieved for the buy in, profit targets for selling or if everything goes south and the stop-loss is triggered. When you are trading manually on the Bitcoin Revolution platform or mobile app, these notifications are extremely helpful, as they save you the inconvenience and distraction of going directly to the exchange to check on what is happening there.

Speaking of the exchange, it is important to understand that each crypto trading signal is specific to a particular exchange. This means that a signal is only of value to you if you are trading on that particular exchange. In this respect, signals are more like trading tips on a stock exchange than currency indicators in Forex. Most recognized signal providers will work with the major exchanges like Coinbase, Binance, Bittrex and so on.

The good news is that signal providers routinely issue performance reports to their “free members.” These are useful, but remember, they are generated with the purpose of encouraging people to pay for premium membership, so are far from impartial. Nevertheless, as long as you assess them with a healthy degree of scepticism, they are a useful tool in your broader decision-making process. At the very least, they can prove a negative, in that if there are no performance reports at all, it should definitely set alarm bells ringing.

Assuming the provider is issuing regular performance reports and these provide a degree of comfort, what else should you look for as an indicator that this is a signal provider you should put your faith into? The following factors are some of the must-haves:

• Notifications and updates – it is no use just providing a signal and then forgetting about it. The world of crypto is forever changing, so there should be regular updates.
• The latest news stories – there is more to the crypto markets than numbers and charts. World events in the political and finance landscapes can be hugely influential, and should, therefore, form part of the signaller’s overall package.
• Technical analysis – this is a little like the information we are providing here as part of our introduction to Bitcoin Revolution. It is important for users to understand what is behind the basic advice or instruction being signalled. So just as we explain how the bots receive and interpret signals, so the signal providers should be ready to explain the reasoning behind what they are saying, doing or advising. Typically, this technical analysis will involve the study of historical data. The point is that a provider that sets out this analysis in a clear and coherent way demonstrates that it knows what it is doing.

Yet we understand that there are some who want to get more hands-on involved in their trading activity and have no wish to leave it all to the bots. You might feel this way because you already have some experience and knowledge of trading, or perhaps you simply like to feel in control of your own destiny.

In either of these circumstances, you might consider subscribing to one or more of the trading signal providers out there. The pros of doing so are as follows: