Topic: Good ways to trade? - page 3. (Read 2433 times)
There are so many good ways to trade that brings in consistent profits it depends on which type of trader you are and what suit you best. Others are expert in trading indicators while others are pure technical traders .I use support and resistance as my trading strategy and have been making consistent profits from the market.
Hi I am new to crypto and wonder what are some of the best technical indicators to use for trading?
the best indicator to use in trading is Bitcoin price, because every time the price of Bitcoin increases it will indicate that the market will pump, but if the price of Bitcoin is corrected, then it will make the market dump, therefore I always pay attention to the chart of Bitcoin if I want to trading and of course I will also search and read the latest news about cryptocurrency and Bitcoin, because that can also be an indicator for trading (market movement).
to start trading in the crypto world, you have to update following alcoin developments, for example, like yesterday there was news that ARB coins would be listed on binance, that's good news for those who want to trade at the first time they are listed, usually the price of coins drops because those who hold free coins, they immediately sell it, that's a great opportunity to buy, after you buy, you just sit and watch, wait for the price of the coin to go up.
I have researched quite a bit on this topic and I can give you my opinion on the matter.
In my opinion, the best technical indicators to use for trading in crypto are Moving Averages, or Relative Strength Index (RSI). For Moving Averages are used to identify trends and the direction of the market. It is calculated by averaging the price of a cryptocurrency over a specific period of time.
For instance, a 50-day moving average is calculated by adding the closing prices of the last 50 days and dividing it by 50. If the price is above the moving average, it indicates an uptrend, and if it's below, it indicates a downtrend.
Second, RSI is a momentum oscillator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset. RSI calculated by dividing the average of the upward price changes by the average of the downward price changes over a certain time period. RSI values range from 0 to 100, where values above 70 indicate an overbought market condition, and values below 30 indicate an oversold market condition.
Note: However, it's important to note that technical indicators are not 100% accurate and should not be used as the only tool for trading decisions.
In my opinion, the best technical indicators to use for trading in crypto are Moving Averages, or Relative Strength Index (RSI). For Moving Averages are used to identify trends and the direction of the market. It is calculated by averaging the price of a cryptocurrency over a specific period of time.
For instance, a 50-day moving average is calculated by adding the closing prices of the last 50 days and dividing it by 50. If the price is above the moving average, it indicates an uptrend, and if it's below, it indicates a downtrend.
Second, RSI is a momentum oscillator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset. RSI calculated by dividing the average of the upward price changes by the average of the downward price changes over a certain time period. RSI values range from 0 to 100, where values above 70 indicate an overbought market condition, and values below 30 indicate an oversold market condition.
Note: However, it's important to note that technical indicators are not 100% accurate and should not be used as the only tool for trading decisions.
You're welcome into cryptocurrency trading, as a new person towards the industry, need to go for relevant information towards the trading options, because they are difference types of trading, as a crypto trader, you have to choose and work towards it, and become a profession towards it. Hence I prefer using Binance Exchange to trade, which as a beginner, you have to mastar spots trading, before entry future trading. And also studies you're indicators by applying you're technical and fundamental analysis before entry any market. With these few points, it will help as a new crypto trader.
Since you are new to Cryptocurrency, you may not decide to start trading right away. Cryptocurrency trading is a very sensitive matter. Since trading is directly related to financial assets, there is a possibility of financial loss if trading with a full understanding of the matter.
Never rush into trading matters. It is very important to learn about trading before trading. Educate yourself about trading first. Gradually when you get a good idea of the training you can start trading.
For a newbie in cryptocurrency and trading, there is a 100% chance of losing a deposit, and probably more than one. Even if you trade on a spot without leverage, there is still a 100% chance of losing your deposit. My recommendation for newbies is to buy and hold the coins. Do not panic. Patience will be rewarded, especially now we are probably waiting for a bull market. Never rush into trading matters. It is very important to learn about trading before trading. Educate yourself about trading first. Gradually when you get a good idea of the training you can start trading.
Hi I am new to crypto and wonder what are some of the best technical indicators to use for trading?
The OP himself said here that he is new so he needs to learn about cryptocurrencies first. There is no hard-and-fast rule to use a specific indicator on a trading platform. You can trade by your personal strategy. But remember that if you make a mistake on the trading platform, then you must bear the cost of the mistake. Also remember not to be too greedy in trading platform at all times. Those who lose more on trading platforms lose for only one reason and that is greed. Always avoid this greed. Secondly, never trade with emotion, always keep yourself in control and trade. If you follow these rules, hopefully you will not lose on the trading platform. 
Since you are new to Cryptocurrency, you may not decide to start trading right away. Cryptocurrency trading is a very sensitive matter. Since trading is directly related to financial assets, there is a possibility of financial loss if trading with a full understanding of the matter.
Never rush into trading matters. It is very important to learn about trading before trading. Educate yourself about trading first. Gradually when you get a good idea of the training you can start trading.
Never rush into trading matters. It is very important to learn about trading before trading. Educate yourself about trading first. Gradually when you get a good idea of the training you can start trading.
In my opinion, there are no special indicators for trading cryptocurrencies. However, to be successful in cryptocurrency trading at the very least, you need to find reliable sources of information, do careful research on the coins you want to buy, choose the most suitable and trusted exchanges and wallets, and find benchmarks and tools to your portfolio management.
There's several ways which we can earn profits from trading, always hoping for a good simple strategy that will sealed profits and reduce losses. Research are also main factors that will triggered good solid projects that will results in enormous profits. Risk management is a key basis if a trader wants to be successful, knowing the calculated profits, losses and risks involved are the necessities to consider for trading. Cryptocurrency is broad and we are not expected to know every section of it, that's the main reasons we do experience losses in trades and our investment. There are many things that must be learned to run trading, if you are a new person in the world of trading, my advice is don't buy a new coin. Choose coins that have potential, such as Ethereum coins and BNB coins, why do I recommend investing in these two coins because the risk is small.
I completely agree with you if a person is a beginner, then you should not buy new coins, because this can lead to unpredictable financial losses, it is better to spend money on coins that you are confident in and that have been traded for a long time, and not all traders with experience stick into new coins, because they don’t you can always calculate the growth. Hi I am new to crypto and wonder what are some of the best technical indicators to use for trading?
I have been in the world of crypto currency trading for 4 years and to be honest the trading indicator that I often use and maybe the accuracy can be good is using the RSI, and of course the trend line technique, try to learn if you still don't understand, then I'm sure the RSI will be very useful for you.
In my opinion, there are no special indicators for trading cryptocurrencies. However, to be successful in cryptocurrency trading at the very least, you need to find reliable sources of information, do careful research on the coins you want to buy, choose the most suitable and trusted exchanges and wallets, and find benchmarks and tools to your portfolio management.
Hi I am new to crypto and wonder what are some of the best technical indicators to use for trading?
I would advise against trading because you are trading against AI bots and exchanges like Binance that can see your stop limits and will eat your lunch. The game is rigged and its best to stake instead of trade. Some blockchains let you stake on Ethereum, like Polygon and Fantom, while others let you stake within their wallet, like Celo and NEAR. My favorite is Q Blockchain, which includes a protocol level DApp with staking, DAO, escrow, digital ID, DeFi all built into one. 
Although there are hundreds of possible indicators, the ones mentioned above are the best to use because each indicator also has a different pattern, so choose it according to what you need. Some indicators that are frequently used by traders include MA, RSI, MACD, and BB, which are some indicators that are frequently used to see current market movements. You can also see the movement of an asset by looking at the EMA line.
so do you mean short term or long term trading? if you mean long term and you choose to invest in a new project perhaps the indicators you should pay attention to are partners, team, community, concept and roadmap.
but if you want long term investment in big altcoins like ETH no need for indicators, just buy and hold till the bull arrives
I can say that now or in 2023 it is very right to invest in altcoins, but if you want long term investment in big altcoins like ETH no need for indicators, just buy and hold till the bull arrives
but for Ethereum if you say without indicators for trading or investing of course that is very wrong,
even though ETH is a BIG Altcoin there will be lots of bad sentiments when shangai this update is complete,
it is even reported that there will be many unstakes and this will cause ETH to fall.
so do you mean short term or long term trading? if you mean long term and you choose to invest in a new project perhaps the indicators you should pay attention to are partners, team, community, concept and roadmap.
but if you want long term investment in big altcoins like ETH no need for indicators, just buy and hold till the bull arrives
but if you want long term investment in big altcoins like ETH no need for indicators, just buy and hold till the bull arrives
if you are a beginner and want to trade, the first thing to do is learn about trading theory, until the time is right you can learn trading practice, and even then of course there are still many mistakes to be disciplined in the analysis that has been made, and finally you can correct yourself about the weaknesses of the strategy and yourself, to finally become a better trader. Of course, don't be in a hurry to quickly get money from trading
If you are new to cryptocurrencies, it would be nice to know in advance the coins that are in great demand so far, if you already know the most in demand coins and already have a choice of coins that you want to trade, then you trade with more profitable technicalities, my advice is better to use the medium-term or long-term method, because we can make decisions in a way that is not in a hurry
A good way to trade is to wait on the price of a token to calm down before you enter the market, just because a new token is listed and it get overpriced doesn't mean that's the actual price of the coin. Every new project gets that hyped of new listing.
If you give the project some time then you'll have a chart to be able to understand how the project will move in future. If you hurry into trading a newly listed token, you could buy at high price and never be able to sell at that price again.
Altcoins aren't Bitcoin that you have some hope of it returning to its previous all time high, we have many altcoins that can never reach their all time high again because they got overhyped when they were launch but now the project is seen for what it really is, which isn't worth investing.
Trading is hard this days one need a solid strategy in other to make profits in the market.Best indicators for trading cryto are Rsi, ichimoku and Bollinger bands there are my favorite to trade the market and have made good profits with them.You can combine indicators with technical analysis and come up with a good strategy that will bring consistent good profits.
There are different ways to trade. That is, you can connect to experienced traders and follow how they trade, and then repeat after them. There are closed trading groups where information is disseminated and people share their forecasts. But still it is better to start reading and learning it yourself. This is not an easy business and you need to have knowledge to engage in trade.
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