Are trading platforms useful? - page 4.

YOSHIE

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Quote from: SOCAR on October 22, 2021, 01:47:08 PM

Recently, my friend asked me to advise him on platforms that would help newbies to the crypto to start trading and not go at a loss.

I have never found a platform that is not risky/loss in trading, even though I use trusted and great local and international platforms.

If you can, suggest to your friend, learn the science of crypto trading first professionally about trading, investment and so on, at least with the knowledge he learns he can avoid losses, any platform is the same, the point is: trading knowledge is needed.

noormcs5

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Quote from: kapalmabur on January 19, 2022, 02:48:35 AM

Quote from: Sweetbtc on January 19, 2022, 02:09:32 AM

When I was new bie in this trading platform I was thinking about trading is just wasting time but now as I worked on trading platform now I suggest to all of you that is is very good platform to earnings money.

Indeed everything takes time to understand and be able to make a profit in a trading platform,
definitely make the best use of the trading platform if you really intend to make money

Trading platform are very useful to perform the technical analysis. I will prefer trading view which is by far the best trading and technical analysis tool. If you know the TA, you can take trading as a full time profession.
But only getting access to the trading platform and not knowing how to do technical analysis is useless.

kapalmabur

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Quote from: Sweetbtc on January 19, 2022, 02:09:32 AM

When I was new bie in this trading platform I was thinking about trading is just wasting time but now as I worked on trading platform now I suggest to all of you that is is very good platform to earnings money.

Indeed everything takes time to understand and be able to make a profit in a trading platform,
definitely make the best use of the trading platform if you really intend to make money

pinggoki

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Quote from: Sweetbtc on January 19, 2022, 02:09:32 AM

When I was new bie in this trading platform I was thinking about trading is just wasting time but now as I worked on trading platform now I suggest to all of you that is is very good platform to earnings money.

Not really, not a lot of people are earning their money in trading so I really don't think that it's a way to make money. In my opinion it takes skill to be able to make money in trading and not everyone can hone that skill because not everyone is the same. To all newbies, don't let this fool you that you can easily make money in trading if you don't have the skills so be careful.

goldkingcoiner

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Quote from: Zilon on January 17, 2022, 04:44:17 PM

I would say trading platform are very much useful because as a trader not minding the level of professionalism updating on existing knowledge is a necessity and same is applicable to newbies and Must say different platform comes with different approach but still ends up driving home the same set of information so I will say with all boldness that trading platform can save any trader from account damages if it's well studied

The only part about trading platforms usefulness which I like and can completely agree with is the fact that they are the ones responsible for your funds, should anything happen to your money...

Now this is not something that can be said with current DeFi. If you get hacked, or lose your money or access keys, you are the one at fault and the funds may be unretrievable. But then again, you have to do KYC on trading platforms. Again, a double edge sword. You have to weigh the risks and see if its worth it, in the end.

Sweetbtc

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When I was new bie in this trading platform I was thinking about trading is just wasting time but now as I worked on trading platform now I suggest to all of you that is is very good platform to earnings money.

TelolettOm

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Quote from: SOCAR on October 22, 2021, 01:47:08 PM

Recently, my friend asked me to advise him on platforms that would help newbies to the crypto to start trading and not go at a loss. I haven't worked with such tools and this question baffled me.

Do you mean trading platform or kind of trading bot?
So far as I know, trading platform will not guarantee their users not to lose. Because, the loss or even profits are managed by the users itself. They will not be responsible of any loss that users will probably get. It is because trading platform is only a platform or exchange that provide services for buying and selling cryptocurrency. And sometimes there are also additional features like what Binance and other exchanges have. But no guarantee for the loss.

If you mean it is about trading bot that will help him to always take profits without loss, seriously?
Moreover if that is a free trading bot, this will never guarantee him not to lose. I think that it is better not to suggest him about certain platform because it will be too risky for you and he may blame you if he loses someday.

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Quote from: Silberman on January 17, 2022, 12:50:37 PM

Quote from: 2girls on January 14, 2022, 02:11:56 PM

I don't know any website or app which has tools for learning. If you want to learn trading then you can learn on youtube and practice on Trading View with a demo account, they will give you 100,000$ in demo account for trading, where you will be able to TA and practice trades.

If someone is going to use a demo account I will recommend that as a starting capital they use exactly the amount they are thinking on using for real when trading the markets, this is necessary because if you use an amount that is too high, like 100k, then you may think that it is way easier to make money in the markets if you happen to make a few trades on the demo account, but that would be a lie as you will not have such a huge capital at your disposal when you trade for real.

Wont really be that much effective when it comes to risks handling because the money you've been using is demo and not real ones and emotions wont really be similar no matter where you do look at.

Demo trades are good for realization and learning but in overall aspect it wont really be that much and it would be more worth if you do learn up with actual trades on having real funds with it.

Of course they are useful but it would be worth if you do know on how to deal with them and do see its importance.

Zilon

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I would say trading platform are very much useful because as a trader not minding the level of professionalism updating on existing knowledge is a necessity and same is applicable to newbies and Must say different platform comes with different approach but still ends up driving home the same set of information so I will say with all boldness that trading platform can save any trader from account damages if it's well studied

Silberman

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Quote from: 2girls on January 14, 2022, 02:11:56 PM

I don't know any website or app which has tools for learning. If you want to learn trading then you can learn on youtube and practice on Trading View with a demo account, they will give you 100,000$ in demo account for trading, where you will be able to TA and practice trades.

If someone is going to use a demo account I will recommend that as a starting capital they use exactly the amount they are thinking on using for real when trading the markets, this is necessary because if you use an amount that is too high, like 100k, then you may think that it is way easier to make money in the markets if you happen to make a few trades on the demo account, but that would be a lie as you will not have such a huge capital at your disposal when you trade for real.

Rengga Jati

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Quote from: SOCAR on October 22, 2021, 01:47:08 PM

Recently, my friend asked me to advise him on platforms that would help newbies to the crypto to start trading and not go at a loss. I haven't worked with such tools and this question baffled me.

First of all, tell your friend that there is no guarantee of any platform of trading that is not go at loss, always remember this, trading is risky, not only getting profits but also probabilities of getting any loss. If your friends are not ready with the loss, suggest him not to go trading. It will harm him and also yourself who gives him the suggestions about the platforms.
Remember, there is no guarantee.
Even a professional trader also always experience any loss.

blackened515

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Quote from: 2girls on January 14, 2022, 02:11:56 PM

I don't know any website or app which has tools for learning. If you want to learn trading then you can learn on youtube and practice on Trading View with a demo account, they will give you 100,000$ in demo account for trading, where you will be able to TA and practice trades.

There are many Videos who can be of great help to beginners. They can also read useful articles about how trading works online. Also, Trading with a demo account is indeed a nice idea.
Although, they might be useful trading platform, but am quite afraid of most of this platform because some are actually operated by scammers, they will ask you to pay certain money before gaining access to their online tutorials, and probably end up scamming you.

2girls

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I don't know any website or app which has tools for learning. If you want to learn trading then you can learn on youtube and practice on Trading View with a demo account, they will give you 100,000$ in demo account for trading, where you will be able to TA and practice trades.

lixer

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Quote from: fullhdpixel on January 13, 2022, 04:48:19 PM

I am also not familiar with the platform that the OP has mentioned,. Only went to search for it on Google after reading his post, and the site came up so I clicked on it to look at it and see how good it is. And from what I’ve seen so far it seems quite good, and is a platform that teaches people how to trade cryptocurrency, and provides tools and trading advice that you might need, such as technical analysis and the rest of them.

Newscrypto is a nice platform for learning about cryptocurrency trading. There are lot of things that you can learn for free on their platform, and I think your friend should make use of it because as time goes on as long as he continues to take his studies steady, he’s going to benefit from it. But, he should be very careful with the way he makes use of his capital in trading, because no matter how good things might seem to be, there are still times that the market wouldn’t be that good and you will end up losing money. Try to let him know the necessary that he can use to help him as well.

Lordhermes

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Yeah exactly,all trading platforms are useful because they give you a guild on how to trade,what to do before trading,when to trade,what and what should be put into consideration while trading,how much to use in starting up the trade.These and more are what trading platforms put into consideration and send online for the followers to see and learn.

Although,not all trading platforms are real,some are scam,and are after the little money you have.

fullhdpixel

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Quote from: Anguwa on January 13, 2022, 09:19:25 AM

I am not familiar with Newscripto before, but according to your explanations about the way they give guide about trading and and some technical analysis, I think is good to go with it, but if you have experience about trading is better you guide him. But no matter how good or expert you are know that one can loose in cryptocurrency trading, also advice him or her not to invest the amount he/she cannot afford to loose.

I am also not familiar with the platform that the OP has mentioned,. Only went to search for it on Google after reading his post, and the site came up so I clicked on it to look at it and see how good it is. And from what I’ve seen so far it seems quite good, and is a platform that teaches people how to trade cryptocurrency, and provides tools and trading advice that you might need, such as technical analysis and the rest of them.

And one thing I think is good about the platform is that they categorize or group everything so that it would be easy for you to know where to start from. If you’re a newbie, then there is a place for you to start from. When you open the website you see the lessons they offer and who it is meant for, you can then select based on your level of experience.

Silberman

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Quote from: Slow death on January 08, 2022, 06:46:53 PM

Quote from: Bollexz1 on November 04, 2021, 03:41:57 PM

Having a bot trade coins for you doesn't sound like the best strategy to learn trading. I bumped into one couple months back and after testing it for some weeks, I had to move my capital out of it as it doesn't suit my style. Learn the basic first my friend.

I know it's an old post but you're right, I don't get along with these bots myself, I confess that I didn't even get it right and to make matters worse they always bring losses when the market has a big drop, an example of the bearish scenario Now, whoever is using a bot must be having big headaches and losses

The problem with trading bots is that you are relying on whoever coded the bot to trade the markets in your behalf, and this is never a good idea, because if the strategy happens to have a flaw and you did not backtested the strategy then you will lose money, however that does not mean that trading bots are completely useless, if you can code your own bot with a strategy that you know it works then you will have great chances for making profits in the markets, as the bot can trade every single day without rest, something that is impossible to do for a human.

jaberwock

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Quote from: BitcoinAccepted on January 08, 2022, 08:35:31 PM

as much as tools and platforms could help in doing analysis and thus predictions, it cannot be fully guaranteed that it will be accurate. Nevertheless, it is indeed nice to have such tools and platforms that exist today that would help beginners to grasp trading easily.

Yeah, all the tools are just enabling us to have better analysis and beyond that no tools could do anything about analysis because tools are just like the templates and you need to make use of them as per your requirements. Hence, only for features and timely approach we can use advanced platforms but that does not guarantee to make profits from trading.

Moreover, advanced platforms may not be helpful for all the beginners as they may not able to understand the advanced trading tools; it means it would be always better for beginners to start with basic platforms and then slowly may get into advanced features based ones.

Anguwa

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Quote from: SOCAR on October 22, 2021, 01:47:08 PM

Recently, my friend asked me to advise him on platforms that would help newbies to the crypto to start trading and not go at a loss. I haven't worked with such tools and this question baffled me. I started googling and came across several similar projects that help beginners in trading. Among them, the most attractive was the platform from Newscripto. After registration, I was provided with a set of tools that would suit users of any level, regardless of their knowledge. Surprised by the automatic charting tools that help beginners understand the basics of technical analysis, to advanced proprietary indicators for experienced traders. I think it will be much easier for my friend to get involved with this platform, and, to be honest, I think it will be useful for me to use its functions sometimes. Have you used the platform from Newscripto and what do you think about the platform assistants in crypto trading?

I am not familiar with Newscripto before, but according to your explanations about the way they give guide about trading and and some technical analysis, I think is good to go with it, but if you have experience about trading is better you guide him. But no matter how good or expert you are know that one can loose in cryptocurrency trading, also advice him or her not to invest the amount he/she cannot afford to loose.

sirminesalot

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Quote from: LastKiss on January 08, 2022, 07:20:52 PM

Never use this one before, It's great if new people who just started trading using a tool that will help them with analysis but keep in mind just making it easier in doing some analysis doesn't make you 100% correct about your prediction for the market movement. Don't forget to get some people who have experience in trading to guide you so you wont lost in learning. I will try it later on to know if it's really help me in trading Wink

Using tools for market analysis current is not fit for crypto market currently because the tools doesn't cover enough algorithm to create an analysis for the crypto market which is volatile, so it will make many mistakes often because the market behaviour. using analysis tools maybe for fit for general stocks trading or currency trading because the market movement is more stable.

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