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.
Topic: Do Not Trade By The News, Follow The Price Action - page 4. (Read 19599 times)
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.
the impact for large coins is still relatively small because the price is above average.But for other coins that can slightly lift the trend, especially coins below $ 0.01, fundamentals also determine the view of traders to make positions, but most are only temporary and hold 1-5 points above the previous price, all depending on the emerging sentiment.
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.
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.
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.
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.
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.
Although I do not trade fundamentals but still I believe it cannot be ignored. I believe Technical setup is made once there is some fundamental action on the market. News are important part of any market and it cannot be ignored. I am a technical setup trader, if there is big news to come I check if setup is giving some good direction if not then I can ignore the trade if its giving some good direction I may remain into that trade and news sometimes pushes the trades in my favor.
In my opinion, you should be knowledgeable about both platforms, news is also very important for a trader. Usually people act on the news, every transaction starts on the news, besides the action factor is equally important to act on yourself, who you are and if not luck, is a loss that is an experience of you, please continue to persevere and try.
When it comes to cryptocurrency trading I don't actually trust the news circulating around rather the action happening in the market. I always consider buying altcoins that look to be profitable for me not just speculations surrounding the cryptocurrency market.
Unfortunately not many users think like you. Many have news as a trading guidelines especialy news on.social media. That often leads to wrong decision and loss. People easily fall under influence and that is one of the weakest thing that can happen to a trader. But I guess everyone needs to learn on his own mistakes and experiences.
What am I saying? Price Action trading can make you money, trading fundamentals too can make you money. You can increase your odds by adding both into your toolset.
You have to learn a lot to use that in day to day trading... 90% of newbies will lose a lot of money if they try to trade without any experience.
Can't expect of newbies to learn before they get scammed or lose money on trading.
Bitcoin is hyping them up to do things like rushing up themselves in Trading, their mindset goes like, it is okay to trade as long as you have the capital, the bigger the capital, the bigger your profits will be, and so on so forth, something like that, I've read so many opinions of people in here that is so "amateur" I guess or trying to give professional advice even if they are not professional traders.
On the positive side, my opinion about what you've said is that, newbie can't gain any experience if they will not risk their money (must be an small amount as a free trial) on Trading, and being scammed or losing their capital is a good lesson to learn from their experience to be a better trader.
Sadly it is the best (and for some the only) way to learn to take care after their coins. The crypto market is wild west and everything that looks too good to be true is most probably scam. That is the best indicator for now.
To be honest I personally also got fished on some stupid scam schemes where I lost some money.
Also hodling funds on exchanges is another story, where I also got burned badly.
not entirely news are useless, they can be used to guess market trends but are not recommended as a reference in trading. when you touch the market you will feel different sensations that are not always the same as the news said. because market prices can change instantly, and the news just estimates or concludes the price movement from the market latest.
Of course, at some points I agree with your opinion, but I would like to draw attention to the fact that everything depends on the quality of news, which can really be a guide for the trader. When Donald Trump spoke negatively about Bitcoin, the cryptocurrency market immediately responded to this statement.Do not trade by the news instead, do your very best to observe and not to rush things up before taking any actions.
When it comes to cryptocurrency trading I don't actually trust the news circulating around rather the action happening in the market. I always consider buying altcoins that look to be profitable for me not just speculations surrounding the cryptocurrency market.
not entirely news are useless, they can be used to guess market trends but are not recommended as a reference in trading. when you touch the market you will feel different sensations that are not always the same as the news said. because market prices can change instantly, and the news just estimates or concludes the price movement from the market latest.
Everything is important in trading. Knowledge of current news is necessary, and all to have a complete picture of what is happening. You need to take into account both the current news and the expected and already comparing them all to make a decision about trading. It is important to understand fundamental analysis, it can play into your hands. An important factor is the intuition of the trader, the sense of the market.
I have a different perspective, I do not make decisions by action of the news, the reason is simple, I think the market is always moved by the Strong Hands, but not by the news, I think the way Strong Hands have to manipulate the market is through news, whales often have power, and that power may be used by having them publish news in favor of the planned movements.
Given this, it has helped me a lot when there is bad news, it is best to buy, because bad news creates fear, people sell, weak hands sell, when it is good news, it is best to sell, it is simple ... The market It sometimes moves through emotions, it is best to follow the line of least resistance.
Given this, it has helped me a lot when there is bad news, it is best to buy, because bad news creates fear, people sell, weak hands sell, when it is good news, it is best to sell, it is simple ... The market It sometimes moves through emotions, it is best to follow the line of least resistance.
I think it's better to combine both the news and price action. Because it's not enough we just analyze technical course, we need to fundamentally analyze it too. Let the final result be perfect, and therefore we are not mistaken making a decision should do an accurate analysis. To get an accurate analysis, you need a combined analysis technical and fundamental analysis. Indeed, most news today are manipulating prices for the benefit of whales. Therefore we need to choose the news that we trust, so that the news is valid and can be input in decision making in trading.
I have always tried to stick to the old adage of buy the rumor, sell the news. For instance, the upcoming 2.0 Ethereum update "rumor" in this case that will add staking. If you buy now at sub $200 mark, then the update comes out and the "news" of the update pushes it up over $500. The rumor isn't always a rumor, rather something that is upcoming and the news isn't always new news. Just something that will end up pushing the price up.
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.
indeed in trading we have to look at the market price volume, but for me I can't leave the news. I myself still rely on the news to decide which coins I hold, whether to be sold or have to stay afloat. because for myself, it's quite difficult to read market charts and have an accurate strategy in trading crypto if I don't balance it by looking at the news. indeed there are a lot of news that are not in accordance with market reality. but in my opinion, not all news is like that.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.
News can be a good reference but cannot be consider a trading signal, but there are news that really can have impact on the market specially FUD or fake news which are old strategy used by manipulators. Traders just need to be watchful, research and deep understanding can help you in every market situation.
I believe that information is very important in terms of trading. even though some of the analysis on the news is wrong, but I think it doesn't hurt to read the reasons why they think that prices can go down, and go up. it can be a reference for our own analysis.Well, do your own analysis, but comparing it with other people's analysis can also make you able to draw good conclusions.
What am I saying? Price Action trading can make you money, trading fundamentals too can make you money. You can increase your odds by adding both into your toolset.
You have to learn a lot to use that in day to day trading... 90% of newbies will lose a lot of money if they try to trade without any experience.
Can't expect of newbies to learn before they get scammed or lose money on trading.
Bitcoin is hyping them up to do things like rushing up themselves in Trading, their mindset goes like, it is okay to trade as long as you have the capital, the bigger the capital, the bigger your profits will be, and so on so forth, something like that, I've read so many opinions of people in here that is so "amateur" I guess or trying to give professional advice even if they are not professional traders.
On the positive side, my opinion about what you've said is that, newbie can't gain any experience if they will not risk their money (must be an small amount as a free trial) on Trading, and being scammed or losing their capital is a good lesson to learn from their experience to be a better trader.
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