Do Not Trade By The News, Follow The Price Action - page 10.

Timmzzy

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Quote from: makenoise on September 19, 2018, 09:54:03 PM

It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.

Now adays I don't think we have trades who can stood up to do analysis them self most just depend on the FA aspects and let's say most don't even trade them self they give it out for someone to do it which is definitely not a welcomed idea in my end

Xising

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Quote from: makenoise on September 19, 2018, 09:54:03 PM

It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.

I agree. Although the news can be very useful, I consider it as an indirect or outside source of information when it comes to trading. It's still best to consider the trading platforms itself and see how the coins are moving than listening or considering other sources. It can help one gain an insight of how the coins will go or somewhat a forecast but not the actual movement because you can always consider how the prices change for that. But, then again, in this market, it's better to be equipped and consider everything altogether than just one thing.

perla

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Quote from: joromz1226 on March 10, 2019, 10:01:34 AM

Quote from: iMark on February 06, 2019, 06:13:58 AM

Quote from: babarian on February 03, 2019, 07:51:17 AM

some of the experiences from trading that I experienced following the news were sometimes very helpful in analyzing the trade that I did. but I have to be sure that the news can be accounted for and from trusted sources.

That's why you should research, don't follow every prediction around you. news is important to know because it also affects the market, but for daytrade focus more on price movements on the chart, you must know the strategies for reading and predicting

Yes I agreed, not all given in the news are true and correct. Most of it actually was just a form of hype only, to get the attention of the community here, always remember that depend your skills on the actual trade market mate. And besides, all of the prediction by many here are just an speculation only.

That is why i don't trust anyone, because almost all of us is same, speculator only. And if they promote a coin, it means they want profit from that coin. News can actually be something that make us decide what should we do next.

CoinCollect

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I believe that fundamental analysis is still important. It happens that the market goes against the news, but it happens that the news is very helpful. If this concerns some individual coin, then I think that the fundamental analysis can help.

juperos

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Quote from: makenoise on September 19, 2018, 09:54:03 PM

It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.

Not true, a lot of news is not fake. Professional traders often follow the news before making a decision to sell or buy. News has a big impact on the crypto market. News helps us understand the general psychology of investors. As I think, you must acquire skills in analyzing and tracking price action to start a transaction.

joromz1226

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Quote from: iMark on February 06, 2019, 06:13:58 AM

Quote from: babarian on February 03, 2019, 07:51:17 AM

some of the experiences from trading that I experienced following the news were sometimes very helpful in analyzing the trade that I did. but I have to be sure that the news can be accounted for and from trusted sources.

That's why you should research, don't follow every prediction around you. news is important to know because it also affects the market, but for daytrade focus more on price movements on the chart, you must know the strategies for reading and predicting

Yes I agreed, not all given in the news are true and correct. Most of it actually was just a form of hype only, to get the attention of the community here, always remember that depend your skills on the actual trade market mate. And besides, all of the prediction by many here are just an speculation only.

pundit

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Although big news should not be ignored in any financial market trading still a hardcore tech analyst trades on what chart says. A big news can change the trade direction anytime but sometimes it also supports the market flow, so news cannot be considered as killer instrument for any trade. Every analysis be it fundamental, technical or sentimental has its own importance in trading, it depends which analysis one chose to trade. Technical analysis is widely used many traders, although some says it is not possible to predict the market based on last price action but as per my experience its easy to predict the market based on price action. Technical analysis is one of the good tool to analyze and trade any financial market.

kidoseagle0312

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Quote from: makenoise on September 19, 2018, 09:54:03 PM

It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.

As a trader like me, I usually based my trade on the actual price happened in the graph. And so far so good, I've been doing this for a years too.
The result was actually good to me and gave me a good help too to all my expenses in my daily life. Just all I can say, do some research about the coins you are going to trade in, and lastly an altcoins that are listed at the top 10 in the coinmarketcap is an advantage.

javainn

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news sometimes provides invalid sources, I see if now there are so many things that we might be able to do with actions including trade. This is one of the good things to do than news sources.

ginobitcoiner

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trading by following the news will only plunge you into whales' desires, it is very difficult for you to trade without an analysis. because some were deliberately made to manipulate prices on the market using traders who believed in false news that was misleading.

Aivaryamal

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Now many crypto-currencies provide a good profit percentage and by choosing the average value can be obtained by 2-3% consistently every day

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I know that the critical part of trading is knowing when to get in and out of the market, safely. With the right indicators and the knowledge to perform that particular trade, it would be great to see what could happen in the long run. I think once the news of something popped, it correlates to the price action directly knowing that it could either go with the flow or not. It would dictate surely, but you shouldn't be emotional about it. That's why I like trading bots.

manggis97

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In this bottom of market, only some altcoin that already going up above 100% , and others still in the bottomed, this is because factor of good news and good fundamental. Actually combination of technical and fundamental analysis will help alot to predict price action of crypto.

marcbitcoins

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For me, none of these two are totally reliable as even the market price movement prediction is really tought to analyze too in which we have already experience an average price moving up action before but after you invest as you see them totally in green then its suddenly to drop again losing your investments which is very ironic. Maybe we should not totally to rely but use them as a guide so that we will not be disappointed in the end.

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Quote from: makenoise on September 19, 2018, 09:54:03 PM

It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.

expectation about the future will only be with the price and the development so if anything will disturb your mind by using the medium like articles and media don't trust them 100% it may be a true but it will not always the right way to follow them using your own idea to make your journey more comfortable for your future.

rodel caling

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Trader's follow by the news of altcoins price a guide but doesn't means pick quick coin came from the news meaning need it to analyst and study before picking up the coin coins came from the news speculation to avoid mistake news can help to us.

playboy654

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Quote from: makenoise on September 19, 2018, 09:54:03 PM

It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.

Yes don't depends any media or any others make your own sense to find what happening here for your investment it will be the good idea when you trust someone if your problem will happen then you will only the reason that anything happened for you and your investment.

kyle999

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Lot of people always making a prediction but lot of them also don't spread news it's just a information to know all crypto trader will aware of his prediction and it's possible to happened.

emberbekas

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Quote from: Abal Abal on February 07, 2019, 08:48:51 AM

it is true we cannot trade by following the news that appears among us, but I think we also cannot just leave the news, because the news also has a significant influence on price movements.

Yes, there are news that will affect the market and if we ignore every news, then we may lose the opportunity to react. Indeed, not all news will have an impact on the market because there are also fake news that are deliberately made to outwit the traders. We have to filter every news that exists and try to find the truth first before reacting. In trading we do have to use as many guideline as possible so we can maximize our efforts.

Abal Abal

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it is true we cannot trade by following the news that appears among us, but I think we also cannot just leave the news, because the news also has a significant influence on price movements.

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