Topic: Do Not Trade By The News, Follow The Price Action - page 13. (Read 19613 times)
We know that the price of Bitcoin is mostly being controlled by speculation and manipulation, but not all the news you see are such. Some of them are pure research that was carried out by experts to know what’s going to be next movement on the chart. It’s good to follow the news, but don’t rely only on one source for getting news on cryptocurrency, you should rely on many, as much as you can. And in case you don’t know, it’s very important to read the news.
Yes, it's true that there are cryptocurrency traders that make this bearish market profitable. These investors are experienced and professional traders that don't rely on news and speculations. They make the most out of the down market, as long as there are fluctuations and sharp changes, they will continue to earn profit. Their experiences are the keys to successful trading.
Indeed you are right, usually the most money is made on the way down... but most of us will never be so good at trading, so lets just focus at what you can do successfully and use this oportunity crypto is offering to "ordinary people", well to those who are brave enough. There is a famous saying that goes "invest low sell high", which is right on point. But for that you need to show some balls
I am not necessarily saying you need to invest now, but for sure you should be at least considering it if you want to have bright future in trading...
And one more thing, forget about mass media news.... this is the biggest piece of shit, if you want to be a trader. Well no I am wrong, you can do opposite to what mass media is saying and you will probaby do just fine...
Yes, it's true that there are cryptocurrency traders that make this bearish market profitable. These investors are experienced and professional traders that don't rely on news and speculations. They make the most out of the down market, as long as there are fluctuations and sharp changes, they will continue to earn profit. Their experiences are the keys to successful trading.
all things consider, analyse news, TA, and market movement. you cant only rely on 1 source of information to make good call.
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 with you. Very good point. I am now learning to trade and noticed that if you trade inside the day, no news and even oscillators are needed. You just follow a certain strategy to get out in time and make a profit in time. News is needed for a medium-to long-term strategy. You should also know the days of the year when there are important events in the financial markets. This will give you the opportunity to close medium-term or long-term transactions in time. 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.
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.
never depends your trade on news because most of that are fake and it cannot help you to enter in a good market, always base on the price and make sure if that is not low price 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.
Following news action in your trading is a wrong move. People can cause fud in order to buy dip. Sometimes news are released to get people to panic sell. That process help to shake out weak hands from trading. But when you follow price action, you know when to exit and trade and when to enter.
Following news can also beneficial because it can give us a hint on what will be the next move of a certain coin but if the news doesnt match to the market situation then that is a high probability that the news you have read is hoax . there are too many of them right now and most of them can be found on social media sites especially in facebook . thats why we must be careful enough , better check the news if it has a reputable source and thats the time you can decide if you will buy or sell a crypto .
yes, a lot of news only makes someone want to buy when the price is above. and finally the news did not match what happened on the market, and the traders suffered losses because they believed too much in the news. it's better to do analysis and speculate on your own by comparing demand with supply. now the market is too difficult to predict, and too much news is plunging traders. so do not be too confident with the news, before you become a victim of a news story.
Some people says that bitcoin will rise up this month of december but until now bitcoin's price not already recover same to other altcoins that still going down their price until now.
We meant to have a bull run next month as it mostly happen in previous years but it looks like 2018 is totally different from them and we can't expect any huge pumps. But isn't the way we loss our hope and leave crypto, we can experience such bullish again in the future(cant tell when).
Trading is mostly about price action. Other options are means of confirmation. It best if you use price action in your analysis and use indicators and other factors as confirmation to your trades.
Following news action in your trading is a wrong move. People can cause fud in order to buy dip. Sometimes news are released to get people to panic sell. That process help to shake out weak hands from trading. But when you follow price action, you know when to exit and trade and when to enter.
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.
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 honestly, it is really much better to do the actual trade in the platform while observing other players how they react when the market is moving. You can see in the monitor that if the price are movable whether getting higher or lower you can learn there quickly base on my experienced, never give your attention in the news which you might heard only to some of the community here.
Some people says that bitcoin will rise up this month of december but until now bitcoin's price not already recover same to other altcoins that still going down their price until now.
it is very impossible because professional traders usually follow the news before making a sell or buy decision, only a few sell or buy by looking at the price action.. but I have noticed that trading in cryptocurrencies is very different from trading forex, stocks or commodities, News doesn't really affect the price changes..
The price action is somehow affected by the news. Also, the people's emotions affect the price action. We don't even know if there really are manipulators which controls the market. Whatever is happening, we must anticipate the next move for us to be able to follow the price action to be effective in trading.
If your a trader you have to be watching the news and the price actions. But while trading you have to check out the price actions, because the price in the market will not be same, it will be fluctuating daily.
Many prefer to not follow the news because there are simply too many news to follow, can you imagine trying to follow every single news if you are trying to trade 10 markets, it is already very difficult to just trying to follow the developments that happened in bitcoin can you imagine following the top 10 markets and trying to get to know every single news that is out there? Is going to take you an eternity to do something like that and many people simply do not have the time to do it. I followed the price action on CanYa coin CAN all the way down to 0.04 cents usd then pounced like a kitten, now it’s time to roar like a lion https://canya.io
I didn’t know about this coin but what I have knowledge about crypto, you must have bought this coin at that very moment. This could have helped you to make a strong future. 
Fake news and people hyping a particular coin and some idiot you tubers are being overloaded now-a-days.Crypto market is such a volatile platform it always involves as normal trading theory does not always acts for cryptos 
.Ressistance/support levels all doesn't seem to comply .
"The trend is your friend, till the end when it bends."
Nowadays people are more fascinated with the crypto industry since the price skyrocketing.The rising demand for cryptocurrency has made it one of the favorite asset of the top class investors.Only one tool I find a bit useful i.e Fibonacci retracement.
In fact, many technical analysis tools work in the crypto market. After all, whatever you say, it’s still the market and the participants in this market are ordinary people, with the same psychology as participants in any other markets. .Ressistance/support levels all doesn't seem to comply ."The trend is your friend, till the end when it bends."
Nowadays people are more fascinated with the crypto industry since the price skyrocketing.The rising demand for cryptocurrency has made it one of the favorite asset of the top class investors.Only one tool I find a bit useful i.e Fibonacci retracement.
But you correctly noticed. The crypto market is very volatile. News here plays a crucial role. There are also a lot of fake news. Therefore, a reasonable strategy should include both technical, fundamental and news analysis, in my opinion.
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.
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.
This is a technical side of trading and yes should be supported by some speculations only like news and other fundamentals. The primary bias should be either technical or fundamentals.
Fake news and people hyping a particular coin and some idiot you tubers are being overloaded now-a-days.Crypto market is such a volatile platform it always involves as normal trading theory does not always acts for cryptos .Ressistance/support levels all doesn't seem to comply .
"The trend is your friend, till the end when it bends."
Nowadays people are more fascinated with the crypto industry since the price skyrocketing.The rising demand for cryptocurrency has made it one of the favorite asset of the top class investors.Only one tool I find a bit useful i.e Fibonacci retracement.
.Ressistance/support levels all doesn't seem to comply ."The trend is your friend, till the end when it bends."
Nowadays people are more fascinated with the crypto industry since the price skyrocketing.The rising demand for cryptocurrency has made it one of the favorite asset of the top class investors.Only one tool I find a bit useful i.e Fibonacci retracement.
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