Topic: Do Not Trade By The News, Follow The Price Action - page 6. (Read 19599 times)
What ever the news rekease everyday about bitcoin or the other altcoins trader have final decision what they do to the coin they have of if they buy or not. News ks only a guide is still depends on them if they follow them or not. If I saw some news I'll make sure I analyze it and make soem research to know if that is legit and make some reseach again if that affect to the price or not because believe it or nor some news did not affect the market even it's bad or good.
Yes dont rely on the news, its better to rely in the price because you will actually see the situation if you monitor the price especially in trading. And news is not sure if it is true or false. So better rely on what you feel so that ask success to agod.
sometimes the news can not always be in accordance with what is obtained, I myself prefer trading based on analysis and skill. if we follow the news we will never get the profit we want.
I disagree. Most of the time, the saying 'buy the rumour, sell the news' is what always happens in the market and it is proven tested in the last years. This year isn't good for that quote but I know that when the FOMO kicks in which is when btc goes $50k or $100k, any simple good news will trigger a 10x -100x in any coin just like back in 2017.
Problem with News about Cryptocurrency nowadays is that there are sites that publishes positive news about a project but you will be surprised that they are being paid to provide positive news to make their company look good to the people but still its up to the users who will decide if the news will make a difference in their decision if they will Buy or not. I am not sure if CNN also publishes news that are sponsored. Lately I see them publish news about the price of Bitcoin and people who backs Crytocurrency.
We should be aware on this, there are fake news or bias news, that's normal, even the general media, they also release fake news as if we look at the bottom of this business, they are profit oriented so they work for money that might make them bias. TA is important as well bu news is more vital as it could affect the psychological and emotional judgement of the majority of the people, and that could result to some significant move which we should foreseen it to make the right judgement.
Problem with News about Cryptocurrency nowadays is that there are sites that publishes positive news about a project but you will be surprised that they are being paid to provide positive news to make their company look good to the people but still its up to the users who will decide if the news will make a difference in their decision if they will Buy or not. I am not sure if CNN also publishes news that are sponsored. Lately I see them publish news about the price of Bitcoin and people who backs Crytocurrency.
Follow price actions but do not forget about techincal analysis. Personally i usually make my own trading analysis and compare it with trading predictions of Monfex. They always give right predictions.https://www.tradingview.com/u/Monfex/Read them here
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.
Yes, you are right, I think the news distracts the speculators who have reviewed and understood the market to change their business decision or strategy by being carried away by the news. The news comes after the relevant events occur, never before, once the increase or fall of a price in a given currency or stock occurs, the reason is sought quickly, and often it is not the reason why it occurred.
The effect of a news does not determine the movement of the market, many owners of the news can be strong hands of the same market and there can be some kind of manipulation from there, and send to say good or bad news to help their movements. Normally, the good news is to help them sell and the bad news to help them buy cheaper causing people to panic, this can happen. The great speculator Jesse Livermore in his books always indicated that he stayed far from listening to the news, so as not to be distracted in the sense of his market analysis.
Of course news can cause some fluctuations of crypto price. But do not forget that some news could be fake.
The best option is trade guiding the fundamental analysis, charts and facts. Personally i always take into account trade signals of Monfex. They never fail.
It is best to figure it out before believing that news is fake or it has a sense at all. The best option is trade guiding the fundamental analysis, charts and facts. Personally i always take into account trade signals of Monfex. They never fail.
We are mentally affected by these and even well-experienced traders and investors are also following the news but it still undergoes into deep research before they'll do the final step.
I don't really have trust in signal trades as some of them are just being used to scam others. It is better to have our own market TA's rather than to follow signal trades.
I think the best option is to have critical thinking and use analitical research. You definetely should suspect and question all the things written in Internet.
Of course news can cause some fluctuations of crypto price. But do not forget that some news could be fake.
The best option is trade guiding the fundamental analysis, charts and facts. Personally i always take into account trade signals of Monfex. They never fail.
It is best to figure it out before believing that news is fake or it has a sense at all. The best option is trade guiding the fundamental analysis, charts and facts. Personally i always take into account trade signals of Monfex. They never fail.
We are mentally affected by these and even well-experienced traders and investors are also following the news but it still undergoes into deep research before they'll do the final step.
I don't really have trust in signal trades as some of them are just being used to scam others. It is better to have our own market TA's rather than to follow signal trades.
Of course news can cause some fluctuations of crypto price. But do not forget that some news could be fake.
The best option is trade guiding the fundamental analysis, charts and facts. Personally i always take into account trade signals of Monfex. They never fail.
It is best to figure it out before believing that news is fake or it has a sense at all. The best option is trade guiding the fundamental analysis, charts and facts. Personally i always take into account trade signals of Monfex. They never fail.
We are mentally affected by these and even well-experienced traders and investors are also following the news but it still undergoes into deep research before they'll do the final step.
I don't really have trust in signal trades as some of them are just being used to scam others. It is better to have our own market TA's rather than to follow signal trades.
Of course news can cause some fluctuations of crypto price. But do not forget that some news could be fake.
The best option is trade guiding the fundamental analysis, charts and facts. Personally i always take into account trade signals of Monfex. They never fail.
The best option is trade guiding the fundamental analysis, charts and facts. Personally i always take into account trade signals of Monfex. They never fail.
Yes, the market often moves against the news. But this does not mean that we should neglect them. Sometimes news can have a good impact on the market and you have to learn to notice them.
Everything has both sides, good and bad so for news it can make good reaction or bad reaction and sometime it can not make any changes on the market and also for sometime it may make changes for a small time.I think if you're into long-term moves especially when it comes to Bitcoin, then no, the news isn't actually important in terms of affecting trades. I'm not saying neglect it either, I read the news about Bitcoin a lot, and participate in a lot of discussion, but nothing about it influences my decisions when it comes to trading it. Bad news doesn't make me feel I should sell, good news doesn't make me buy more.
If you're a trader solely to make fiat profit, fine, but then you'd go into forex where news does have an impact.
The time when news is strongly influenced by the movement of the entire market has passed, but locally left, we can see such examples today on such projects as BTT, TRON, BNB.
Yes, the market often moves against the news. But this does not mean that we should neglect them. Sometimes news can have a good impact on the market and you have to learn to notice them.
Everything has both sides, good and bad so for news it can make good reaction or bad reaction and sometime it can not make any changes on the market and also for sometime it may make changes for a small time.I think if you're into long-term moves especially when it comes to Bitcoin, then no, the news isn't actually important in terms of affecting trades. I'm not saying neglect it either, I read the news about Bitcoin a lot, and participate in a lot of discussion, but nothing about it influences my decisions when it comes to trading it. Bad news doesn't make me feel I should sell, good news doesn't make me buy more.
If you're a trader solely to make fiat profit, fine, but then you'd go into forex where news does have an impact.
some traders consider it a good timing to sell, this is a contradiction with factual news because of the definite effect on volume movements. But if the news brings things that are stronger with road maps related to system upgrades, then that is an exception and we are obliged to engage in ever-increasing price transition
Yes, the market often moves against the news. But this does not mean that we should neglect them. Sometimes news can have a good impact on the market and you have to learn to notice them.
Everything has both sides, good and bad so for news it can make good reaction or bad reaction and sometime it can not make any changes on the market and also for sometime it may make changes for a small time. 
Yes, the market often moves against the news. But this does not mean that we should neglect them. Sometimes news can have a good impact on the market and you have to learn to notice them.
Maybe we all agree, one of the things that can affect prices is good news and bad news. However, it would be nice to combine with price action to be more accurate in making decisions.
News can play an important role on price movement but many a times result can move opposite of the movement on news time. It is because people become more anxious for the news and they try to buy a lot for good news and try to sell for bad news.
In my opinion the news is also an important factor in market movements, it's not good to continue to rely on the news in trading but don't also ignore the news
of course, we really cannot make a prediction or price benchmark only from the news, because prices change according to the demands and offers of traders in the market, but we also cannot ignore the news, because the news has a major influence on changing prices in the market. 
Patience is one of the key factors for crypto traders to succeed. You must be patient not only when waiting for the opportunity to open a position, but also after your position is floating.
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