Topic: Do Not Trade By The News, Follow The Price Action - page 20. (Read 19613 times)
That's good for me to start in trading do not abuse the new's and most of them is fake and your funds will also loss if you follow them.
Now news are just a tool of whales or manipulators for moving the market and making money on it. So it is better to trade accoding to technical analysis and using stop loss and principals of diversification. Also now I prefer to use marginal trading using 1-2X leverage to open short positions.
- Indeed, news has always contained so much trouble when whales always liked to create more news to influence the market, we can hardly identify real and fake in a news, and with such ambiguity, I do not think we will have good results in trading. So, instead of trying to believe in the news of others and things that we are not sure is right, we should believe in ourselves, believe in our experience and analysis, market data will be things that never deceive us, it will always provide the most realistic face of the market 
Now news are just a tool of whales or manipulators for moving the market and making money on it. So it is better to trade accoding to technical analysis and using stop loss and principals of diversification. Also now I prefer to use marginal trading using 1-2X leverage to open short positions.
You make a fundamental analysis and a balanced technical reference analysis when you trade. Don't just use technical analysis as a benchmark for you to trade. I advise you to read the news, but trade is guided by the results of technical and fundamental analysis.
Yes, I agree with you that we can not trade based on information because there is much fake news in the market. we are easy to lose money if we trust. However, if we don't get the news on the market immediately, we are also losing your chance.
Trading is not an easy job. If you take wrong decisions you will lose your money. To take right decisions on the right time is based on the technical analysis of the market trend. If you are capable to observe the market carefully and know the upcoming trend of the market, no doubt you will make handsome profits from trading. This is the key point for success. 
To be honest, there is a lot of fake news as well what has been made just to drive the price into one or other direction, so you can use only very reliable sources like Bloomberg if you want to, but I will suggest better follow technical analytic data.
The data available of course is the only reliable stuff to rely on for it put aside all the fake news and opinions by those who want to disturb the market. Besides Bloomberg, there are few other sources as well that gives you the exact figures. Ultimately everything boils down to the term of trade as well. Despite every formula that can lead you in the right direction to make money, invest long term and forget about it. A period of five years it enough to make you a millionaire.
I think it's very necessary, prediction and knowledge in trade in order not easily carried away the FUD. This is probably one of the best solution:)
To be honest, there is a lot of fake news as well what has been made just to drive the price into one or other direction, so you can use only very reliable sources like Bloomberg if you want to, but I will suggest better follow technical analytic data.
The data available of course is the only reliable stuff to rely on for it put aside all the fake news and opinions by those who want to disturb the market. Besides Bloomberg, there are few other sources as well that gives you the exact figures. Ultimately everything boils down to the term of trade as well. Despite every formula that can lead you in the right direction to make money, invest long term and forget about it. A period of five years it enough to make you a millionaire.The main problem lies today if of fake news.Many scammers genuinely spread the fud about any exchange and sometimes about shitty coins and people had to suffer loss.I remember when I was very newbie had some bad experiences and suffered some loss.For example there are lot of shitty coins out there and each day new one emerging and so the fake news of their soft/hard fork.Even many times during airdrops people keep their money in false exchanges and their money gets scammed.So its really our responsibility to do our own research and take actions.Mere listening or seeing news should not be the only criteria to take action.Technically we also have to see the reason for any event.
Be safe happy trading/mining all.
Yeah you are right because most of the news are false and the facts are against them. I never believe in news and statements of negative minded people. I always take my decisions according to the current situation of the market. You should also do the same. It is your money and you should do what you want to do. Every time is the best time for trading. Be safe happy trading/mining all.
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.
This is true, the news can confuse you to the extent you wouldn’t know what actions to take again. Sometimes I will open the news and will be seeing lots of news with different opinions and they will just end up getting me confused cause I wouldn’t know which one to believe again. This time around I don’t even have time to check those, I just make research myself and trade by checking the price. No news needed. 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.
Right! Tracking the price of coins in the electronic money market is a very useful job. It helps you make good deals and invest in the right direction. Do not trade but rely on the news because the news is not always accurate.
News in the financial markets in general and cryptocurrency in particular are largely created to drive the market in favor of the news creator. So investment decisions need more research and monitoring rather than investing in the information that others create to manipulate the market. 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.
People have different styles when it comes to investing and trading, there are many that only concentrate on the price and use technical analysis and its tools to try to predict what the price is going to do next, but there are also those that prefer to concentrate on fundamental analysis to try to know if the price of something is lower than it should be, both methods can work the only thing that you need to do is to try to find the one that you favor the most and stick with it. 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 far as I am concerned, do not read much of the news that will distract you from thinking about the wrong idea, so consider carefully analyzing the technique according to your knowledge.
Right! Tracking the price of coins in the electronic money market is a very useful job. It helps you make good deals and invest in the right direction. Do not trade but rely on the news because the news is not always accurate.
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 quite correct but sometimes joining and preparing for the news can give you a lot of insights for what is going to happen in the market.
news can be a good or bad meaning you can really used it as an indicator for the price because if the news is good then the price might have a good outcome if it is not then the price might drop and can lead to a trader with a negative profit.
Use news as an indicator of an upcoming price movement. Use the chart to analyze if the price going up or down. Use both skills.
legendary
Activity: 2576
Merit: 1043
Little_Mouse Campaign Management | OrangeFren.com
The reality is, who follows the news has a high chance of losing their money. The experts in trading are doing trading based on facts, charts and analysis. They don't listen to what fucking news are saying and we, traders must do it too. Don't listen to news and lets trade base on charts and analysis.
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.
most of the news are fake so much better to follow the price action because it is better that the news that you don't know if it is good for you as a traderTrying 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.
most of the news are fake so much better to follow the price action because it is better that the news that you don't know if it is good for you as a trader 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.
Jump to: