Most times, it depends on you and what you intended to get from these trading platforms. Most persons seek it out for the signals but, that's such a shifty way to learn. In fact, you can never learn as someone who depends on other traders signals. It lowers your self confidence and you cannot go into the market on a personal note which doesn't make you much of a successful trader.
Should you happen to belong with a platform that actually discuss trading strategies, tips to analysis of the market and share paste experiences on a trading pair, then you can say, there is something to pick out of that platform. Learning is key and most important.
Topic: Are trading platforms useful? - page 6. (Read 1057 times)
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 like before. And like other means that trade is carried out you need some changes for your own benefit that is why the volumes and parameters are there.
I usually start trading with most of the platforms with the default settings and it works for me without any major hurdles. I agree when we are going for customising settings according to our strategies then it will be more helpful and appropriate for having accurate technical analysis but not mandatory as per my experience. This may be because I am doing all my technical analysis in my favourite place but I am getting into new platforms just for the reason of finding a trading pair.I am not sure how people are adopting a new platform just for the reason of getting into it when their usual technical analyses are being done on specialized portals like tradingview or some mobile apps.
However, I would urge one important thing here, having stage does not mean you can play the music of your choice. You still need great deal of knowledge to plot and read the theories that are built using those chart data’s. It’s simply process of calculating the outcomes based on technical and fundamental inputs.
So your friend will still need to learn how to work around them so that they can benefit from it.
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 like before. And like other means that trade is carried out you need some changes for your own benefit that is why the volumes and parameters are there.
Trading platform is just the stage where you can play the whole thing of buy and sell. Now a days most of the platforms are equipped with data and chart view analyser. Without this they are almost next to incomplete.
However, I would urge one important thing here, having stage does not mean you can play the music of your choice. You still need great deal of knowledge to plot and read the theories that are built using those chart data’s. It’s simply process of calculating the outcomes based on technical and fundamental inputs.
So your friend will still need to learn how to work around them so that they can benefit from it.
However, I would urge one important thing here, having stage does not mean you can play the music of your choice. You still need great deal of knowledge to plot and read the theories that are built using those chart data’s. It’s simply process of calculating the outcomes based on technical and fundamental inputs.
So your friend will still need to learn how to work around them so that they can benefit from it.
Trading platforms are very useful. Nowadays lots of platforms already have basic tools to help newbies to learn chart reading.
I also browse OP's given site and I'm amazed at what I saw there. What's the update OP using that platform?
I also browse OP's given site and I'm amazed at what I saw there. What's the update OP using that platform?
Of course the trading platform is useful and up-to-date. If you are an experienced trader then trading platform is very useful for you. And if you are inexperienced then trading platform may not be as useful for you. However first you are experienced then you will go to trade.
The only platform I’ve used so far for crypto trading is MT5 on turnkeyforex, and it has a lot of good analytical tools. But tbh I think the tools provided by any platform can only be useful if a trader knows how to use them. And knowing their correct use for sure requires experience in technical analysis.
Trader must be careful before using any new or lesser known platform.
When such new platforms are only for the purpose of learning and for referring while trading then I guess there would be no big problem a trader might need to face. Our actual trading should be only on reputed exchanges and definitely not in lesser known platform.These days there are lots of paid and free portals are available for charting and for strategy building on real markets and I am sure that those free portals are providing highly advanced and latest tools for technical analysis hence just going by unknown platforms with precautions is not making any sense to me. If you are going to deposit your coins for trading then that should be only on well known and reputed platforms but for analysis I guess we can go with any platform regardless of their age and reputations.
No they are not Truth is that the easier and more similar your strategy is to other traders the more chances are that it will fail. It's generally a behaviour adopted even by the most advanced traders, this is one of the prime reasons why these traders don't even share their strategies online, even in the premium courses they are reluctant to share the systems or strategies they use to make profits. The platforms you are talking about can help a complete beginner kick start his journey in trading but to make actual real profits these platforms won't be sufficient, after getting the learnings from these platforms you would still need to devise your strategies and systems and a complete trading plan to actually be profitable in this market.
Many crypto trading platforms now share various important information through blogs to impart knowledge about trading to their traders. If you are going to trade on one of the best exchanges, you will find a lot of important instructions about trading on that exchange, which will help you a lot to start trading. But yes those are not enough to make yourself a good skilled trader but still they work much better for newcomers. And the platform you're talking about, I've never heard of that platform before.
Trader must be careful before using any new or lesser known platform. So it would not be right for me to comment on this platform.
Trader must be careful before using any new or lesser known platform. So it would not be right for me to comment on this platform.
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 have that feeling that you are just simply shilling out this Newscripto site oor platform indirectly but for me to say about assistance or something like thatwere very common.Of course you would be provided with those tools needed but they arent telling you on how you would use it and this is where self
learn will really kick in because even they had provided all of stuffs if you dont know on how to read it then it would be still useless.
Top platforms does provide but in general aspect you are the ones should do the rest.
News crypto.io was helpful to me in my early days of trading. I got to understand more on advanced technical analysis but I didn't just rely on newscrypto alone I also used some other crypto academies from other exchanges and from online free academies since each look at the market tye same way but their explanation differs and some are more simplified than the others
I haven't. Introducing someone to the crypto market is quite hard if you're going to introduce him with those tools as the start. I think it's always best to go the manual method of telling him how to trade manually before using those tools that have been given to you by that platform. There's tradingview which is a good start to help him with charting. Because if there will be a lot of tools as you've mentioned will be shown to him, I think it will just make things complicate as he's still a beginner.
That's right, the most important manual method today to introduce. because a beginner should be introduced to basic methods prior to modern methods such as certain platforms. I think it's too soon to introduce the platform and not sure a beginner can understand. So, you have to take the next step As for the sets of tools, all the same tools are available on all advanced exchanges. Paradoxically, everyone learns to trade by trial and error.
Yes, when everyone is focusing to learn and update new ideas and tactics then market competition is becoming too high which must be the reason why we cannot avoid losses time to time and overall even pro traders must be still into error and trail method but in live market and they must be doing the errors at minimum levels hence the success rate is higher for them. When we do in learning phase may not be changed when we enter in live market. Same error and trail method will work but we need to cut losses earlier. 
i read crypto news. if the site is currently It provides a comprehensive set of tools for all users, regardless of their current level of knowledge. The platform offers everything from automated charting tools that help beginners understand the basics of technical analysis to advanced proprietary indicators for expert traders.
but I still haven't found reviews from professional traders about the accuracy and security of the real crypto news. this is still a big question for me
but I still haven't found reviews from professional traders about the accuracy and security of the real crypto news. this is still a big question for me
There are a lot of such platforms that teach you how to trade, but with such training they can also teach you mistakes, you can lose your deposit on such platforms as a hamster, because they do not give a 100% guarantee that you will earn there. As for the sets of tools, all the same tools are available on all advanced exchanges. Paradoxically, everyone learns to trade by trial and error.
I don't ever hear about newscrypto before and I don't think it would be useful and help you with trading. What I think is it is another tool to give some charts with their own analysis like signals. Since they have control of this tool they can give you some false analysis and signals that could lead to a loss in trading.
If you want your friend to learn about trading you shouldn't recommend that tool my advice, tell your friend to use some trading simulators to test some trading skills and strategies before you go to the real trading.
But before you go to use trading simulator better start reading this link below
- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading
And then read the TA and FA guides there once you learn or your friend then apply your ideas and strategies to demo or trading simulators you can find the list of them on that link and other trading tools for free.
It's the best thing than just copying other strategies and analysis which you don't know if it is a good analysis or they use you just to get benefits on their own.
Those platforms might sometime give you wrong trading signals or say give hints about some altcoins that have no future growth and can completely dumped after some time and then you will loose all your funds at once.They could be used to read some charts but trusting them blindly is incorrect and can cause troubles for you.The best type is to do demo trading account and trade with non real funds and have an actual idea about how the real trading systems works and then step in to the market as suggested by you. If you want your friend to learn about trading you shouldn't recommend that tool my advice, tell your friend to use some trading simulators to test some trading skills and strategies before you go to the real trading.
But before you go to use trading simulator better start reading this link below
- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading
And then read the TA and FA guides there once you learn or your friend then apply your ideas and strategies to demo or trading simulators you can find the list of them on that link and other trading tools for free.
It's the best thing than just copying other strategies and analysis which you don't know if it is a good analysis or they use you just to get benefits on their own.
trading without any losses? Always without losses? Is this a course? Or demo trading? or a real platform for trading?
is this a real platform or a demo live platform for trading? I commonly use demo trading to learn. Or I will try by myself by learning more from other people sharings. But learning by doing is also good enough by using small capitals. However, I am not sure if there is such a kind of platform that can guarantee no losses.
And I will not introduce my friends or family to trading platforms that are not trusted or do not have a good reputation. Because if that's a scam, they will then blame us for the losses of money,
Yeah, no strategy or platform could assure us for zero losses. Losses are most common on any market and that is the reason we are having stoploss orders. Zero losses might be possible only on demo accounts or if try to trade in paper, lol is this a real platform or a demo live platform for trading? I commonly use demo trading to learn. Or I will try by myself by learning more from other people sharings. But learning by doing is also good enough by using small capitals. However, I am not sure if there is such a kind of platform that can guarantee no losses.
And I will not introduce my friends or family to trading platforms that are not trusted or do not have a good reputation. Because if that's a scam, they will then blame us for the losses of money,
.Basically, OP is sounding like trying to shill a service where they might have been affiliated with. Moreover, these days almost all crypto exchanges are providing rich charting tools and all technical indicators for a trader to develop their own strategy; either OP is complete new to such things and first time getting to know all these features or trying to promote that platform.
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.
Wait, trading without any losses? Always without losses? Is this a course? Or demo trading? or a real platform for trading?is this a real platform or a demo live platform for trading? I commonly use demo trading to learn. Or I will try by myself by learning more from other people sharings. But learning by doing is also good enough by using small capitals. However, I am not sure if there is such a kind of platform that can guarantee no losses.
And I will not introduce my friends or family to trading platforms that are not trusted or do not have a good reputation. Because if that's a scam, they will then blame us for the losses of money,
I haven't. Introducing someone to the crypto market is quite hard if you're going to introduce him with those tools as the start. I think it's always best to go the manual method of telling him how to trade manually before using those tools that have been given to you by that platform. There's tradingview which is a good start to help him with charting. Because if there will be a lot of tools as you've mentioned will be shown to him, I think it will just make things complicate as he's still a beginner.
well for a beginner it is more appropriate to use manual trading. I see now that the basics of trading must be carried out first and until understanding is then introduced tools that support trading.this will be better in my opinion
My thoughts are the same. If you are a beginner here, it is best that you need to know the ins and outs of crypto via manual trading. Because if you will use the automated tools, which I have never tried yet, you may miss some important tricks that may help you in continuing your trading journey. Also, I don't know if those tools can detect potential pump and dump or rug pull of the dev team. Because you can only get insights about this if you are closely following the progress of the coin that you are holding. So in my opinion, it is always best to learn trading using manual analysis. It is like learning manual driving vs automatic driving. Once you knew how to drive in manual mode, you can easily shift to automatic driving but if you will start automatic driving, it would be hard for you to learn manual driving.
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