Topic: Do Not Trade By The News, Follow The Price Action - page 15. (Read 19613 times)
Firstly, before we take action according to such kind of news, we have to make sure that the news is true since news about crypto is mostly fake. We have to learn to recognize which one is true and which one is wrong. We can't depend on the news, we must step ahead with knowledge and experience even though market is usually moved by the news too. That's why we have to be smart and skillful on facing that kind of situation.
I think, to trade we also have to see and hear some news because coin price movements sometimes depend on current news and conditions so we will know and maybe be able to predict coin movements
Now few people know about good reliable sources of information, their units and therefore need to analyze in more detail the whole situation on the market and avoid fake news
I think the news does not affect the market a lot. Because price moves between buying and selling or supply and demand with each other, not because of any news.
Yes, NEWS is not affecting the price of token but when they got listed in higher volumed exchange then definitely the price will start increasing. We have to trade according to the market fluctuation, the news is important to get updates about their progress which will help the coin to increase their when the market trend start increasing.
make no mistake, the news story can affect the rise or down the price of Bitcoin, see when there is news that China or another country banned Bitcoin, then the news directly caused the price of Bitcoin to crash. so, trade based on news is important too...
Exactly. The news includes speculations and prediction that that are not always the right thing to follow. One must know the signals that make you make the right decisions and though it is not so easy to detect the signals and the market movements but still if one is able to do so, they are always the right things that assist. So it is far better to follow the actual signals or the price growth rather than acting according to the speculations. Treat it rather a strategic game. 
Yes, market prices are not always fixed only because news with circulating issues, as long as they only make these issues a reference, I don't think it is a problem, because so far the market has always fallen with negative issues. That way we cannot blame it too, meaning that we can make the issue just a reference for actions that we will decide on trade and of course we must always see market movements, if indeed it is at least in harmony then we will make the right decision by collaborating.
I think the news does not affect the market a lot. Because price moves between buying and selling or supply and demand with each other, not because of any news.
I disagree with the statement that, as a rule, prices move in the opposite direction from the news.
Although I don't trade on the news, but I am convinced that everything has its meaning. For successful trading, it is necessary to combine knowledge, common sense and one's own presentation in the news. That is, own the techniques of technical analysis, fundamental analysis, candlestick analysis and be aware of all the major news from the world of crypto currencies.
Another thing is, if a person doesn't know how to use his knowledge of a particular event in the world of crypto currencies, then of course, such a person will not know how to trade correctly on this news.
Although I don't trade on the news, but I am convinced that everything has its meaning. For successful trading, it is necessary to combine knowledge, common sense and one's own presentation in the news. That is, own the techniques of technical analysis, fundamental analysis, candlestick analysis and be aware of all the major news from the world of crypto currencies.
Another thing is, if a person doesn't know how to use his knowledge of a particular event in the world of crypto currencies, then of course, such a person will not know how to trade correctly on this news.
actually I often trade when there is good news that can trigger cryptocurrency price movements because I see every good news that coin prices can be very expensive and the price movements are very fast.
~~snip ~~
But the prices usually depend on the news also as we can’t really change most of the investors are relying about the news thats why this past months market are subsides because of this fake news
Hopefully peopl get matured and remember that we are controlling the market movements and not this news makers,so lets be mature enough to understand this thing
I agree in most cases. What I've seen a few times is that the price goes up before the news, and when the news is actually there, previous investors dump to get the current profits.
The news is very important for the coin to reach higher value but one thing to be clear sometimes News will not influence the price of the coin because with the market fluctuation god news will help to increase the coin price. So we need to follow the market fluctuation and News on which we are investing.
Following news is also very important. Because it is news about the update of market conditions that occur. and it becomes a consideration for investors or trading in taking positions for trading or investment. if you ignore it then you can get a loss. because this is an important thing to note
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.
Trading the news was a useful way to trade in the past, but now that everyone is doing it, it is almost impossible to set up your trade before someone else does and makes money out of you, so unless you have direct access to information that could move the market it is better to avoid trading the news and concentrate only on what the price is doing. 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.
The news is very good to be used as useful information in the analysis, I think maybe some people misinterpret what is directed by the news or maybe there are wrong in seeking information. I think economic news is very important to show the direction in which the market moves, especially now that news is an important component in disseminating information. 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 the problem of a textbook trader. In my opinion, textbook trading sometimes is not applicable when it comes to dealing with cryptocurrency as this is not usually affetcted by global economic cirsis or any forms like that. When you trade and get easily affected by the news, you can really lose money. This was my practice before, when bad news about the coins comes up, I sell my coins. Someone told me, that when bad publicities are showing, this is a good time to buy because tendencies are people will sell and prices will go down. When the news are all good and people are getting hyped, then this is a good time to sell.
make no mistake, the news story can affect the rise or down the price of Bitcoin, see when there is news that China or another country banned Bitcoin, then the news directly caused the price of Bitcoin to crash. so, trade based on news is important too...
100% true. It is the news, which determines the price movement in the case of crypto-currency. And this is different from the case with equities or mutual funds, where the movement depends on other factors such as revenue and income.
make no mistake, the news story can affect the rise or down the price of Bitcoin, see when there is news that China or another country banned Bitcoin, then the news directly caused the price of Bitcoin to crash. so, trade based on news is important too...
100% true. It is the news, which determines the price movement in the case of crypto-currency. And this is different from the case with equities or mutual funds, where the movement depends on other factors such as revenue and income.
As a trader, concern is reasonable, because a lot of news tells the truth about the decline in crypto market prices this year. Some are still strong, and some are giving up on this situation. Hopefully this will only happen for one year, and in 2019 hope that Crypto can progress rapidly.
indeed not all news can affect market price movements. and the advice you say in my opinion is very true. sometimes someone is very focused on the news they read, but in the end the market situation is inversely proportional to the news that exists. indeed the news can affect the market, but I think it would be better if we tried to find out what the market would do when the main economic report was published. and that might be clearer and make the benefit of a trader. and I think we all have to be good at choosing news. do not get to the news, we will suffer losses.
Jump to: