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
Combining the two is not a wise choice, information must never accurately reflect market movements, updating too much news will confuse you.I think focusing on price action and Risk management will be much better. 
Topic: Do Not Trade By The News, Follow The Price Action - page 3. (Read 19557 times)
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
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.
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 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 only works for the traders that know how to execute trades using TA. But for traders who does not know about the depth of trading, they will rather follow news than follow the price action. It is easy to say because ws already have knowledge yet newbies are losing because they don't know the reality of trading.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 is not an investment in banking, it needs our time and effort not just the 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.
Definitely agree with you! Too many traders give into FUD that's sewn by the media, and it impacts the success of their trading.
Each person will follow different strategy for trading, some people will follow based on the news, but the news of the development will take some time to hear. So till then, we have to wait for them holding, instead of waiting for the news the best thing is to follow along with the market fluctuations because through the market fluctuation sometimes we might lose value also.
Nicely said, but in as much as i belive that a crypto trading it is important that we follow price action, i also wont down play or neglect the place and important of news and Fundamental Analysis in crypto trading. Following the News still works for crypto trade. Buying the news and selling the rumours can also give good profit if followed diligently. For effective productivity every trader should have both technical analysis skills and Fundamental Analysis skills if you want to thrive in the crypto market
There's a lot of trader who has different kinds of strategies for them news is very important in making their decisions, and the development of each project. For me, I am checking their news/development as well as the price action too, as the news can be tricked as they know that once there is good news there's a lot of traders and investors taking advantage of it, and the team's project are aware of this, so they can use this too for their own interest.
This reminds me of Jesse Livermore, who did not take market news into account at all, because he said it distorted his way of seeing tratding. In fact, he often walked away completely to avoid hearing news about the market.
Jese Livermore says in his books that he got up very early in the morning, read some news in the newspaper of the events of the time without seeing the economic news while drinking his coffee, which he always paid attention to was the news of style " fundamental "since these did affect the market and could change it drastically.
This has taught me that some positive news means to me: Sell, and negative news: Buy ... because I think that is what the whales do, and that no news affects my Trading decision, unless it is a " Fundamental"..
News is not always true and news is only manipulated to make traders confused, but there is also good and accurate news that can help you.
accommodating news is a good thing and makes you think smart in evaluating all the news and will be your consideration as a choice, but the best choice is a choice from yourself and from the heart.
Trading the news is a mistake, by the time you get to know about the news and you think about the possible repercussions that it could have in the market, the market has already reacted to it, you need to react to what the price is doing, that is what I do and sometimes you are going to find that there is a reason for the movement that you are seeing but sometimes there is no reason for it and you just have to accept it and make a trade.accommodating news is a good thing and makes you think smart in evaluating all the news and will be your consideration as a choice, but the best choice is a choice from yourself and from the heart.
Nicely said, but in as much as i belive that a crypto trading it is important that we follow price action, i also wont down play or neglect the place and important of news and Fundamental Analysis in crypto trading. Following the News still works for crypto trade. Buying the news and selling the rumours can also give good profit if followed diligently. For effective productivity every trader should have both technical analysis skills and Fundamental Analysis skills if you want to thrive in the crypto market
There's a lot of trader who has different kinds of strategies for them news is very important in making their decisions, and the development of each project. For me, I am checking their news/development as well as the price action too, as the news can be tricked as they know that once there is good news there's a lot of traders and investors taking advantage of it, and the team's project are aware of this, so they can use this too for their own interest.
Nicely said, but in as much as i belive that a crypto trading it is important that we follow price action, i also wont down play or neglect the place and important of news and Fundamental Analysis in crypto trading. Following the News still works for crypto trade. Buying the news and selling the rumours can also give good profit if followed diligently. For effective productivity every trader should have both technical analysis skills and Fundamental Analysis skills if you want to thrive in the crypto market
Yes, but to be more convincing, I recommend that everyone should learn about Dow's theory.
He once said that prices will reflect news, not prices.
Think about it, when there's good news, before insiders bought many stocks / coins before you caught up. Trading with news is also risky when you choose not the right time to buy, we can also lose a lot of money.
He once said that prices will reflect news, not prices.
Think about it, when there's good news, before insiders bought many stocks / coins before you caught up. Trading with news is also risky when you choose not the right time to buy, we can also lose a lot of money.
I haven't heard that yet, most traders golden rule is to buy the rumors and sell the news, which is for me is wrong, better to check the price action. Most experts are not doing a lot of technical analysis, they are just relying on the price action of a certain coin/token. It's a wrong way to buy when there is a rumor such as they will list on Binance, or in any top exchange, unless proven and confirmed then that's the time we can buy and not just because of rumors, as people can easily manipulate and can easily share that whenever they want just to hype.
Yes, but to be more convincing, I recommend that everyone should learn about Dow's theory.
He once said that prices will reflect news, not prices.
Think about it, when there's good news, before insiders bought many stocks / coins before you caught up. Trading with news is also risky when you choose not the right time to buy, we can also lose a lot of money.
He once said that prices will reflect news, not prices.
Think about it, when there's good news, before insiders bought many stocks / coins before you caught up. Trading with news is also risky when you choose not the right time to buy, we can also lose a lot of money.
I haven't heard that yet, most traders golden rule is to buy the rumors and sell the news, which is for me is wrong, better to check the price action. Most experts are not doing a lot of technical analysis, they are just relying on the price action of a certain coin/token. It's a wrong way to buy when there is a rumor such as they will list on Binance, or in any top exchange, unless proven and confirmed then that's the time we can buy and not just because of rumors, as people can easily manipulate and can easily share that whenever they want just to hype.
I totally agree with you. because I was once a victim of trade news. I was waiting for news from big twitter and some signals in telegram groups but I suddenly realized, everything was fake and everyone was trying to seduce people like me to buy coins so they have a chance to sell at a higher price.
That's a big mistake and most new traders often make. please, stay away from it.
The news is true and includes a valid announcement because it was written by the official account of their project, but packaged as soon as possible by other parties as an aggregator and can be positive or vice versa. The step that must be taken is not to avoid, but to think quickly how efficient the reaction of traders that occur if we trade at that time. That's a big mistake and most new traders often make. please, stay away from it.
I totally agree with you. because I was once a victim of trade news. I was waiting for news from big twitter and some signals in telegram groups but I suddenly realized, everything was fake and everyone was trying to seduce people like me to buy coins so they have a chance to sell at a higher price.
That's a big mistake and most new traders often make. please, stay away from it.
That's a big mistake and most new traders often make. please, stay away from it.
The Cryptocurrency market has moved way past that stage where news tend to move price majorly, for example Ripple recently announced a partnership with a bank and the price of the tokens didn't even move one bit and that's the number three coin on Coinmarketcap, so smaller projects out there do not even stand a chance to move their token price because of any news they have to release to their community members.
In my opinion, news has always influenced the cryptocurrency market, and therefore, with a certain accuracy, you can determine the direction of the cryptocurrency market by studying this or that information. There is a lot of speculation and many can use the information space to deceive traders and other cryptocurrency users, but nevertheless, you need to learn how to analyze all the information that is available on different resources about the cryptocurrency market.I think big news headlines used to have a massive influence on prices. One bullish article could send a coin up 20% in an hour a couple years ago. Those days are no longer here though, there has been lots of news of adoption and institutional investments but it seems people are more skeptical now and want to see actual usage, not just headlines.
The Cryptocurrency market has moved way past that stage where news tend to move price majorly, for example Ripple recently announced a partnership with a bank and the price of the tokens didn't even move one bit and that's the number three coin on Coinmarketcap, so smaller projects out there do not even stand a chance to move their token price because of any news they have to release to their community members.
In my opinion, news has always influenced the cryptocurrency market, and therefore, with a certain accuracy, you can determine the direction of the cryptocurrency market by studying this or that information. There is a lot of speculation and many can use the information space to deceive traders and other cryptocurrency users, but nevertheless, you need to learn how to analyze all the information that is available on different resources about the cryptocurrency market.The Cryptocurrency market has moved way past that stage where news tend to move price majorly, for example Ripple recently announced a partnership with a bank and the price of the tokens didn't even move one bit and that's the number three coin on Coinmarketcap, so smaller projects out there do not even stand a chance to move their token price because of any news they have to release to their community members.
In my opinion, news has always influenced the cryptocurrency market, and therefore, with a certain accuracy, you can determine the direction of the cryptocurrency market by studying this or that information. There is a lot of speculation and many can use the information space to deceive traders and other cryptocurrency users, but nevertheless, you need to learn how to analyze all the information that is available on different resources about the cryptocurrency market. 
Yes, but to be more convincing, I recommend that everyone should learn about Dow's theory.
He once said that prices will reflect news, not prices.
Think about it, when there's good news, before insiders bought many stocks / coins before you caught up. Trading with news is also risky when you choose not the right time to buy, we can also lose a lot of money.
He once said that prices will reflect news, not prices.
Think about it, when there's good news, before insiders bought many stocks / coins before you caught up. Trading with news is also risky when you choose not the right time to buy, we can also lose a lot of money.
I haven't heard that yet, most traders golden rule is to buy the rumors and sell the news, which is for me is wrong, better to check the price action. Most experts are not doing a lot of technical analysis, they are just relying on the price action of a certain coin/token. It's a wrong way to buy when there is a rumor such as they will list on Binance, or in any top exchange, unless proven and confirmed then that's the time we can buy and not just because of rumors, as people can easily manipulate and can easily share that whenever they want just to hype.
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