Are trading platforms useful? - page 5.

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legendary

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

I also do not have any experience using newscripto in the past, since I mostly did the readings by myself and I have my colleague to discuss things with. But upon reading this thread, I would want to try it and see for myself if this would help me get better in trading. As per its reliability, I think that I agree with @LastKiss, 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.

LastKiss

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Quote from: SOCAR on October 22, 2021, 02:47:08 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?

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

Slow death

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

24Kt

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Quote from: cheezcarls on January 06, 2022, 09:28:08 AM

Quote from: Jawadu on October 25, 2021, 05:43:05 AM

It's not a bad idea to learn some features from the Newscrypto platform and similar platforms like trading view and so on, but it is good to interact with crypto experts and seniors in different fields (trading, staking, lending, etc) so that you can learn from them manually! Newscrypto and similar platforms have automation tools, but if you'll learn from PEOPLE then they'll elaborate everything in step by step.

Crypto forums, Udemy crypto courses (free and paid), YouTube crypto channels, are the best! You can then use Newscrypto, Tradingview, etc to practice what you have learned.

Exactly! I’ve been using Newscrypto myself as a basic free member. I loved their trading tools such as Moonlines where it uses an AI to predict specific support and resistance levels of BTC, ETH, etc. It’s one of the most underrated platforms that I have ever seen which is suitable for cryptocurrency traders and enthusiasts. I’ve been very impressed of their progress so far, and the team are very consistent plus a healthy and happy trading community. You’re gonna love it for sure!

On top of that, other trading platforms are very useful too as long they are reliable, honest and gives great value to your time and money.

I can agree that there's nothing wrong using their services. It will also increase your knowledge in trading in some way. But of course, it is only one option to enrich your trading experience. You can also, do it on your own and try applying those strategies on your own trades. Because if you will do it on your own, you will gain more insights how trading works. And each coin is different from each other. So the same strategy won't be applicable to another coin. In time, you will gain more knowledge in trading and it would assist you in coming up with better decisions.

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Quote from: Jawadu on October 25, 2021, 05:43:05 AM

It's not a bad idea to learn some features from the Newscrypto platform and similar platforms like trading view and so on, but it is good to interact with crypto experts and seniors in different fields (trading, staking, lending, etc) so that you can learn from them manually! Newscrypto and similar platforms have automation tools, but if you'll learn from PEOPLE then they'll elaborate everything in step by step.

Crypto forums, Udemy crypto courses (free and paid), YouTube crypto channels, are the best! You can then use Newscrypto, Tradingview, etc to practice what you have learned.

Exactly! I’ve been using Newscrypto myself as a basic free member. I loved their trading tools such as Moonlines where it uses an AI to predict specific support and resistance levels of BTC, ETH, etc. It’s one of the most underrated platforms that I have ever seen which is suitable for cryptocurrency traders and enthusiasts. I’ve been very impressed of their progress so far, and the team are very consistent plus a healthy and happy trading community. You’re gonna love it for sure!

On top of that, other trading platforms are very useful too as long they are reliable, honest and gives great value to your time and money.

carolynpatterson

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There’s no such trading platform that can save you from going into losses. Instead of going after interactive charts, tools, indicators, learn to improve your skills. I use mt5 with finprotrading and I think it’s enough. Everything else depends on my trading skills and not on the platform.

LUCKMCFLY

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Quote from: add1ct3dd on November 08, 2021, 04:00:26 AM

Quote from: SirLancelot on November 07, 2021, 05:56:34 PM

I am trading in binance and bitrex and I am loving both of the portals because both are providing the best in industry kind of tools and all other required things.

I am trading only at binance and in my opinion the tools provided by the trading portal is is not that much significant compared to our knowledge on technical analysis. I mean the level of your expertise in technical analysis is the only thing that will decide the outcome of your trading and certainly not the platform and their fancy charting or any other tools. Still I agree that trading platforms are useful but only up to certain level and not up to the level of deciding up to your profit or loss.

Trading in Binance is something very good and safe, but I have seen that there is more success in Binance when handling somewhat high balances, in my case I have always operated in Binance, in Bitfinex but currently I am operating more with decentralized exchange platforms, Because most of the projects that I am looking for now are NFT games, and yes, they are somewhat risky but that is where I see that money moves more and it can be capitalized quickly, however trading in binance is very good and safe although these days they suspended the withdrawals, which seems to me to be something that is not very good, because I already see that the influence from governments is beginning.

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Quote from: andriarto on November 08, 2021, 09:23:36 AM

Quote from: Swordsoffreedom on November 08, 2021, 08:53:05 AM

Quote from: SOCAR on October 22, 2021, 02:47:08 PM

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Have you used the platform from Newscripto and what do you think about the platform assistants in crypto trading?

Your post is not clear. Do you want to know about trading platforms like Binance, Bittrex or Bitfinex? or you want to know about the Newscripto platform?
Maybe you wanted to know about the Newscripto Platform. yes, Newscripto platform is a good choice for the beginner level, they have some great features for the beginner and learner.
But for advanced users, I prefer to use Tradingview. Tradingview is the best trading platform with thousand of trading tools.

out of thousands of features, I think we will only use a few indicators, and I think general indicators that are commonly used are like EMA. regardless of the trading platform, for beginners I think using basic indicators is good, as long as we know how to use them, so we can sort out whether the indicator works or not

It varies from user to user. Not all traders have the same trading style. In fact, you have to choose the indicators based on the trading style. Exponential Moving Average is widely used by traders for doing "Swing trading". you must have to use different indicators for doing Scalping or Day-trading. Most of the indicators are useful enough if you know how to use them.

andriarto

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Quote from: Swordsoffreedom on November 08, 2021, 08:53:05 AM

Quote from: SOCAR on October 22, 2021, 02:47:08 PM

~
Have you used the platform from Newscripto and what do you think about the platform assistants in crypto trading?

Your post is not clear. Do you want to know about trading platforms like Binance, Bittrex or Bitfinex? or you want to know about the Newscripto platform?

Maybe you wanted to know about the Newscripto Platform. yes, Newscripto platform is a good choice for the beginner level, they have some great features for the beginner and learner.
But for advanced users, I prefer to use Tradingview. Tradingview is the best trading platform with thousand of trading tools.

out of thousands of features, I think we will only use a few indicators, and I think general indicators that are commonly used are like EMA. regardless of the trading platform, for beginners I think using basic indicators is good, as long as we know how to use them, so we can sort out whether the indicator works or not

otundebis

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Centralized trading platform are risky. It is in the interest of cex to give there new users crash course on how to use their platform , teaching users about cryptocurrency and giving out incentive for traders to trade more on their platform for more profit! The cex effort in educating people is commendable, but people should be aware that if you have your cryptocurrency with third party, you run the risk of losing them!

Swordsoffreedom

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Quote from: SOCAR on October 22, 2021, 02:47:08 PM

~
Have you used the platform from Newscripto and what do you think about the platform assistants in crypto trading?

Your post is not clear. Do you want to know about trading platforms like Binance, Bittrex or Bitfinex? or you want to know about the Newscripto platform?

Maybe you wanted to know about the Newscripto Platform. yes, Newscripto platform is a good choice for the beginner level, they have some great features for the beginner and learner.
But for advanced users, I prefer to use Tradingview. Tradingview is the best trading platform with thousand of trading tools.

Peanutswar

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Today there are a lot of resources on the internet today so finding a good trading platform is the more ideal thing to do try to figure out which is more suitable for your trading habits. With the use of the internet its more easier to browse some of the information might contribute to your trade, every experience, knowledge and skills you learn it might gives you a good outcome to your profit and preventing too much losses.

add1ct3dd

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Quote from: SirLancelot on November 07, 2021, 05:56:34 PM

I am trading in binance and bitrex and I am loving both of the portals because both are providing the best in industry kind of tools and all other required things.

I am trading only at binance and in my opinion the tools provided by the trading portal is is not that much significant compared to our knowledge on technical analysis. I mean the level of your expertise in technical analysis is the only thing that will decide the outcome of your trading and certainly not the platform and their fancy charting or any other tools. Still I agree that trading platforms are useful but only up to certain level and not up to the level of deciding up to your profit or loss.

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Quote from: Hippocrypto on November 07, 2021, 12:55:25 AM

It is very important that you have knowledge about it or even review it first before entering unto it. It is also to avoid losses and to know all the possible risk. Almost every trading platform is useful. Its up to you on how will you get profit from these platform. Most of the platforms you have to do your own adjustment for your trade pattern to work very well with it. If you don't do that and just follow what you see there, you may keep experiencing losses.

Every action has different results and if we are too careless on our trades, therefore, to say that we possibly lose our money and then put blame on the exchange is definitely not right and so unfair.
That all trading platforms are good provide that it was legit and reputed. Coz it can be seen around a number of trading platforms are growing and many of them are just scammy. And the right choice of trading platforms may also give some help and gives results positive that is why we should have not rushed but instead make searches first before entering.

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Quote from: martina14 on November 06, 2021, 04:12:17 PM

Well, to make the platforms become useful to you, it is better to make some review before you enter unto it.
Research or reviewing it first is most of the time reason why a lot of the community who tried ended up mostly to
loss their assets due to lack of knowledge and negligence.

I guess we do not need to go for checking with exchanges and portal for finding the best trading tools and indicators for crypto trading. Because, nowadays all the exchanges are providing excellent technical analyzing tools and indicators so we can directly get into most reputed platforms rather than wasting time to find out the best one.

I am trading in binance and bitrex and I am loving both of the portals because both are providing the best in industry kind of tools and all other required things.

Hippocrypto

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It is very important that you have knowledge about it or even review it first before entering unto it. It is also to avoid losses and to know all the possible risk. Almost every trading platform is useful. Its up to you on how will you get profit from these platform. Most of the platforms you have to do your own adjustment for your trade pattern to work very well with it. If you don't do that and just follow what you see there, you may keep experiencing losses.

martina14

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Well, to make the platforms become useful to you, it is better to make some review before you enter unto it.
Research or reviewing it first is most of the time reason why a lot of the community who tried ended up mostly to
loss their assets due to lack of knowledge and negligence.

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Quote from: Bollexz1 on November 04, 2021, 04:41:57 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.

Aside from that, be transparent to your friend. It is not all gain in trading, at some point, you will lose also. That's part of the game. You can't expect that all your trades will be in your favor. Learn the basics, start small, don't go into futures if you are just a beginner, spot trading may be useful if you are just starting. Don't use bots, as much as possible, it won't help you in your trading journey. Better learn first on your own before venturing into bots.

Lordhermes

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Ofcourse! Trading platforms are very useful,there are lots of things we learn from those platforms,that is the reading I'm talking about.While reading,one must not center on only one particular area,it is adviceable to read widely and broadly so as to know everything you need to know about trading.
Those platforms were what gave me a guild and a clue about what trading is,and for every new person or beginner,it is very good to visit those platforms and learn from them.

Bollexz1

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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.

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