Being professional traders just believe in your knowledge and skills,Professional traders believe in market trends and avoid the fake news ,rumors.Charts,indicators and technical analysis helpful to take trade in green closing.
As we all know crypto market is volatile and the dominant whales make suddenly big so as a responsible trader should keep eye n the history whales move to avoid big losses.
Topic: Do Not Trade By The News, Follow The Price Action - page 2. (Read 19557 times)
Yes this is true even for me because im one of those people who buys in the FOMO or buys higher than sell lower when there's a lot optimistic fundamental news telling the price is about surge. I was like that before, cause one of the reason is having zero knowledge in trading and following fundamentals that causes FUD instead of reading the price action with technical analysis will result in losing your money.
At least there are many users who make these mistakes, because with the news that spikes continue to appear it will make a lot of people out there in a hurry to buy without realizing that sooner or later prices will definitely be dumped. But even so, the news is important but we must do more understanding and research so that the money we spend can get a good return. 
Yes this is true even for me because im one of those people who buys in the FOMO or buys higher than sell lower when there's a lot optimistic fundamental news telling the price is about surge. I was like that before, cause one of the reason is having zero knowledge in trading and following fundamentals that causes FUD instead of reading the price action with technical analysis will result in losing your money.
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.
Trading by the news is for novices. Professional traders follows market trends and apply the necessary approaches to trade profitability.
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.
There are many fake crypto news published on the internet daily. However it is really hard to determine if it is true or not so i only read from trusted resources like coindesk. 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.
There are tips that saying sell on the news and I always cringed if I hear or read about it. Following the price action is the best way in order to grow our capital. We should be a technician and not a fundamentalist. If we follow the price action, then we can know the best time to enter and exit in the market. Chart do not lie so after all so we should focus on improving our technical analysis skill than to enhance fundamental analysis skill.
Agree, the information on the crypto market is full of tabloid news that can mislead our speculations, it no longer has valuable and rewarding information as in the past, instead of letting ourselves fall into the wrong information and becoming blind in our minds, it is safer to follow the price action. As you said, the charts of values and trends will clearly show the needs and psychology of people, focusing on these points, we will easily predict the upcoming direction of the chart, news analysis only gets us more distracted 
In a world full of fake marketing, we have to be alert all the time and keep an eye on marketing as well as development. Otherwise you will have to hold everything for a long time and it will not be easy to be in profit with alts.
There are tips that saying sell on the news and I always cringed if I hear or read about it. Following the price action is the best way in order to grow our capital. We should be a technician and not a fundamentalist. If we follow the price action, then we can know the best time to enter and exit in the market. Chart do not lie so after all so we should focus on improving our technical analysis skill than to enhance fundamental analysis skill.
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.
Trading by the news is for novices. Professional traders follows market trends and apply the necessary approaches to trade profitability.
Many investors never bother to check if the news are true or not because it doesn't really matter to them anyway, what they care about is if other investors will react to the news of the market and if they do then they're going to make a trade even if the news is fake, this creates a very interesting dynamic in which no one really cares about the truth or the facts, they only care about the movements in the market and if they can make profits out of them.
In my own experience i really did not care that much in the news, yes i did follow it so that i can know what is happening inside the crypto world but if i we're to decide what to do, my actions will 90% depending on my analysis and research but of course analyzing market ,doing research and keeping watch of price movements is not an easy task that is why it some newbies trades by the news.We have to be very smart otherwise we will end up in loos, so always try to get the latest information about the cryptocurrency but confirmation only you need to start trading them. We need to act when the market situation is in a downturn because if we buy them at the higher prices it has higher chances to lose your investment.
If you follow price action and/or VSA principals then it's not important what news you will see. Market have own forces and life that include all news and their influences. That's why PA and VSA traders very rare to use any FA events for deals. At most cases, it's so late for good entry point just relying on the news will sometimes plunge us, right now I think we should try to be smarter in trading. right now I think action is more important and important than action based and it can be used as an example of a trader success
We have to be very smart otherwise we will end up in loos, so always try to get the latest information about the cryptocurrency but confirmation only you need to start trading them. We need to act when the market situation is in a downturn because if we buy them at the higher prices it has higher chances to lose your investment.
just relying on the news will sometimes plunge us, right now I think we should try to be smarter in trading. right now I think action is more important and important than action based and it can be used as an example of a trader success
yes i agree with you and i think some news have effect not good at morale of investors . we should not believe bad news because the last does not have any effect in market but can make panic at investors who beleive ; but by the time market to stable much and bad news will not effect
As an investor I only invest in solid coins and HODL. I have seen over the years that crypto market rearly follow news and predictions. Most of the time I bought BTC based on news but in loss as nothing happened. Best is to buy on dip and be patient.
Most of the news are fake anyway, just a few weeks ago people were really excited because supposedly the Chinese government was interested in cryptocurrencies and the price went up, but the Chinese government is only interested in creating their own coins with their own blockchain that they control so this market is not going to benefit at all from such coin and if anything it is going to be a strong competitor to bitcoin and the rest of the altcoins.As an investor I only invest in solid coins and HODL. I have seen over the years that crypto market rearly follow news and predictions. Most of the time I bought BTC based on news but in loss as nothing happened. Best is to buy on dip and be patient.
It is good now to invest in potential coins and hodl it. but I am not prefer that hodl all of your funds in bitcoin. it is too risky to put all what you have in one coin like bitcoin that the price is unpredictable. I really choose a two option to support my funds and give me profit at a time comes. so we need to accumulate with knowledgable idea to not lost everything what we have.
As an investor I only invest in solid coins and HODL. I have seen over the years that crypto market rearly follow news and predictions. Most of the time I bought BTC based on news but in loss as nothing happened. Best is to buy on dip and be patient.
Most of the news are fake anyway, just a few weeks ago people were really excited because supposedly the Chinese government was interested in cryptocurrencies and the price went up, but the Chinese government is only interested in creating their own coins with their own blockchain that they control so this market is not going to benefit at all from such coin and if anything it is going to be a strong competitor to bitcoin and the rest of the altcoins.
News can dominate our entire life, especially when we are in the information age, information flying around the world with internet-enabled tools. In cryptocurrency trading, it plays a very important role, it can predict the market fairly reliably, in my opinion you should combine both factors together, news trading, follow the market, then analyze and then make a decision. I appreciate economic news anyway
Listening news is not bad at all. Actually it helps us to stay with times. By news, we are able to know about ongoing and upcoming trends. But following everything that is shown by media is not wise at all. The best way is to do your own analysis and compare it with the news and other experts of the industry. Ultimately, it is going to be the holder responsible for his success or failure.
News can dominate our entire life, especially when we are in the information age, information flying around the world with internet-enabled tools. In cryptocurrency trading, it plays a very important role, it can predict the market fairly reliably, in my opinion you should combine both factors together, news trading, follow the market, then analyze and then make a decision. I appreciate economic news anyway
Listening news is not bad at all. Actually it helps us to stay with times. By news, we are able to know about ongoing and upcoming trends. But following everything that is shown by media is not wise at all. The best way is to do your own analysis and compare it with the news and other experts of the industry. Ultimately, it is going to be the holder responsible for his success or failure.
Trading is a combination of many things and some of them depends on your desire to get the news on time and this definitely means that you should trade the news, I don't mean the news that cryptocurrency projects tend to release these days by announcing a future announcement or burning some of their tokens, I am talking of the real news that would have the potential to shake the market like the news of China cracking down on Cryptocurrency exchanges, just see how much it affected the market.
Jump to: