Topic: Good ways to trade? (Read 773 times)

One of the best technical indicators I frequently use is the supertrend indicator, its very accurate, more than 80% accuracy for me, also I use the On balance volume OBV, I combine it with super tend, the third one is the Rsi I use this too but not as often as the previous two mentioned above, Rsi tends to give false signals sometimes its not that accurate in my opinion

yeah right. Don't depend too much on the YouTube channel either. because not all YouTube channels educate their viewers. and indeed most of them only display benefits to attract viewers to subscribe to their channel. and youtube channels like this better skip it.

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So, your advice can be used as a reference by beginners who want to learn from YouTube. indeed I also find many channels like you mentioned.

We can get a hint if they are just fooling their subscriber by promoting some tokens for so many times on their channel and that also mean that they are not really into teaching them but they want to take advantage for new people to buy what they are promoting and earn with those people he referred. Also always good that we can trade for ourselves so we shouldn't depends on what we see on video and we also need to do other research to verify things we see.

But do not be dependent on those YT channels at most times. Although there are those who really are willing to teach what they know in trading. However, we can see that many of them are taking advantage by misleading their subscribers upon sharing knowledge about trading. It's like they always put a sales pitch at any part of their videos. And that's why many doesn't like that idea anymore and it's better to find readable materials and understand it from there.

sometimes everyone has a difference in choosing which indicators are suitable for use in trading.

if you are already in trading. then you can learn self-taught or independently. many youtube channels that provide education about this for free.

What is more important for beginners who are very early in joining is to recognize the risks that will be taken. learn the basics. and don't be in a hurry to jump right into trading if your knowledge is not enough. and one more thing to remember is to stay away from excessive greed when trading. because believe me it will only destroy your trade.

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I'm afraid that Telegram Signal is a good option to learn in which coin you will be buying , there are too much scammy activities in that groups and you must not trust most of them.
not unless those who has been Paid signal in which still no assurance that there is 100% of profit.
He asks here because he has no friend to directly ask mate , why needed to drop here this question when there are someone he can directly ask.
and he must understand the risk and the possibilities of losing instead of earning.

this is the problem why people wanted to earn too much when they already knew that crypto is not that kind of place.

Maybe, in this case, @OP could use the default indicators while learning more about each one so he can put it to good use.
He can ask his experienced friends, but sometimes our friends don't want to explain the things we ask in detail.
So while asking our friends, we also have to look for other information ourselves to compare the information from our friends and the information we find.
By using these two things, it is hoped that we can understand more quickly and master the indicators we want to use to analyze the movement of certain coins.

I wonder why you want to trade as a new member in such a short time. actually you have to practice hard before trading. Being a new trader means you have to lose a lot of money. I can only say this from my own consciousness because i have been trading for a long time and now i am losing money. Which means it's about to be the most delusional time of the year, as well as the most delusional.
Anyway go on some site for help learning trading.
Youtube,
bitcointalk (trading option), on telegram trading group and search a best person who expert more about trading.

everyone is different in observing and using indicators for market analysis but because the op is a new joiner it is natural to ask about it but it is better if the op asks directly with an experienced friend on the spot so that the explanation can be understood more quickly and understood here as a comparison by searching the thread about the next price for bitcoin

Risk is part of every investment so newbie should need to learn how to lessen this to gain profit on every investment decision they made. Learning some stuffs about trading here in forum would really help also grabbing more information on other channels will be also good and newbie should not forget to learn how to do technical analysis since this would help them a lot especially market is unpredictable and each movement is hard to predict.

Trading or invest everything risk in the crypto market so none of this applies to you because you are new member in the crypto market. My guess is that you should research from this forum about crypto market like. What is the best currency, which is the best time for buying those coin. When is the perfect situation for sell your coin. How much time you should hold your coin. So many many think you should get idea forum many place then you can do anything.

For me i like to buy big market coins when they lose 20-30% from their peak. Though i only buy them in a bull market

At least you have fully aware that he is asking about trading in right forum ? he is asking in Crypto forum in which all kind of advises he can get?

you want him to rely in youtube that will be prone for scam and some fake ads?

Trade is not to easy it's totally difficult because it's to risky for new.This platform not for you because be professional.You need to guid third Party  and follow a professional trader.Trade is money related so you earn a good profits it's depend on your invest ment.If you some mistake any trading site you lost your money.Do you know about trading platform day by day you follow    and invest a little money.Then you learn this good way to trade.I suggest you visit youtube and see video and gather a experience.If you want a good trader your have to need some technic.Trade don't depend on your investing money it's totally depend a technic.                       

Good ways to trade is going to buy in parts, not all money into one coin because this is very big risk to put money on alone. Always buy when everyone in panic sell. Learn more about trading from social media like YouTube, blogs etc. Always use stop loss for your trade to avoid loss. Time will gives experience about any system so not be in hurry. Always have patience to hold any coin. Thank you

There many technical indicators you can use to analyze the market and you on your mt4 or mt5. There are also good indicators on other trading apps you can use from moving averages, RSI, etc. You need to also learn how to use them. You can Google how to use them or go to YouTube to get more info.

Youtube is a big platform that consists of different contents not just all about trading. And if you're going to ask questions there, the chance that you might be scammed is very big.
I've seen those scammers on the comment sections that are giving a contact of someone that should be messaged because it had made their life easy and good through trading. But it's all a complete lie because they're scammers.

Just visit the youtube and asked whatever questions you want to about trading and you will get the best finding full explanation to whatever questions you which to asked as well, after which you could developed your own strategies.

technical indicator ? i think instead of looking for that you should learn and study Technical analysis in which will save your funds in terms of losing because it is better that you know what you are doing than listening to some random people that care nothing about your money to invest if will lose or win.
so is it beneficial? if yes then all you need to say is use that MACD indicator but since you explain more then surely you know that it is not profitable instead?

How come this is a wrong answer ? when he is advising the OP on how to literally trade better?  maybe you are the one who's in the wrong section and wrong posting?

this is the thread starter..


though he is asking about technical analysis or indicator but at least there are some good point in that question .

it looks like your answer is in the wrong place maybe it would be nice to re-correct it so that it is relevant to the topic being discussed

each trader will find their own way to analyze the market with appropriate technical indicators by method reading each trader,also according to experience and how much they know the use of indicators and some formulas/theories.
   although basically I myself tend to use the macd indicator to find buying and selling opportunities

Generally I only trade on day-trading (Short-term) . For short-term trading analysis I use EMA ,MACD
as technical indicators. EMA and Candle shows the perfect time to take a trade .

There are several lots of indicators to use but the efficiency and accuracy is another factor to consider, MACD AND RSI are one of the most frequently used indicators but they tend to give false signals mostly, obv has been giving me more true signal than false, more than 85% accuracy as compared to others, you can Google search on balance volume indicator or search it on YouTube

There are large number of Indicators but I mostly use combination of  RSI, MACD and MACD which are enough to get buying and selling signals and confirm them  but beside it what is most important to be a successful trader is your skills of Risk and Money management otherwise you will quickly lose your all funds if you take Long/short position in future trading which is not recommended for Beginners and they should restrict their trades to spot trading only.  


https://www.youtube.com/watch?v=hh3BKTFE1dc

this forum is enough to be our school and the posters here are our teachers , and we all are classmates .

so you don't have to advise finding more but this forum only.

never heard of this lol.


Buy LOW , Sell HIGH .

There are a lot of projects coming up but its necessary to understand the project, know the team and their motives behind them. A lot of successful ICOs have been executed but some of them turned out to be frauds. Most important thing when you start your investing journey is to do good amount of research and use some tools and resources easily available online. Diversification is important but making a balance too.

Hope it helps!

There are lot of things to learn but mostly you need to learn how to free your heart, meaning you need not to add emotions while learning crypto trading or started trading. There are many youtube videos out there to help you, just search any question you needed concerning analysis and some indicators you will get best results. That was how I started mine and it was easier for me.

Try digging more here : https://bitcointalk.org/index.php?board=8.0
But if you ask me what trading indicator do I use, I am using Bollinger Bands to see how wide the market is, the Moving Averages to see the moving average of a trading pair, and the RSI indicator to see when the trend will reverse.
Please remember, each person has their own indicators to see market movements, and my advice is don't try to copy someone's total trading style, find your own style, dont be greedy and good luck mate!

Never believe in Indicators as long as you are not sure if they are legit meaning many of those are payable and used by big traders in cryptostapce .
not those from social media group that will never help you but will only make you Shit in trading.
trust us because we have been there before and we lose money because of our own foolishness.
Yups RSI is good but still must use precautionary measures.

Of course and most of them are just scammers lol .

indicators do exist but nothing guarantees their accuracy
so it's better for you to start with a small capital and while studying the market and researching the existing coins and finding out what causes the coin price to rise and fall.

I can't say for sure what the best indicator is. I think all the indicators are good, but according to usage and conditions. In my opinion MACD, RSI, Stoch RSI are good enough to help analyze market movements technically. Don't get hung up on indicators when you're in the market, because even indicators can be wrong because the market doesn't move according to indicators, but indicators adjust market movements.

I'm also researching and seeing everyone's comments here is very interesting

Knowledge is being advised often but not the attitude but it is actually important too. If we are a person that have a good attitude, we can easily attract luck and if we earn something, we are going to be humble and be grateful with this winning.

It is not bad to not have a full knowledge when you start because you are new to this anyway and you shouldn't just learn without trying the actual thing because that looks not right. You can still improve your self once you figure out if which part didn't do well. There are no guarantees to make a good trade but we should stick to the start that gives you the most. It is okay to lose sometimes but the time for winning can always come again.

In addition
Have target
Research more on crypto
Be determine
Be vigilant
Be patient

Just patience in crypto will give us billionaire

exactly , that is what we both meant here , as we can ride but of course with risk because there  are no profit if there are no big risk .

I actually did it once but never tried it again because i almost lost everything when i become too greedy to seek for more profit and end up selling with 5%  gain when it rose up to 70% but of course i did not decide to sell and wait for more .

Good ways to trade is always when we have good time to learn and good attitude to start , because in crypto the main reason why many fails because of Lack of Knowledge and also with bad attitude treating this market as a Easy to become millionaire to place their funds in which brings them to frustrations when the value drops badly and they turns out to be lost forever.
try not to look for lot of profit and only take what market brings you.

GREED is your enemy here in trading .

Never be in a hurry to trade
Always invest on what you can afford to lose
Always have a plan ahead
Always know the steps and strategies of trading.

You can ride on it if you're too good in riding these pump and dump coins. But not everyone is good in riding it especially the newbies and that's why it's better for them to just avoid it.
Just because there's a chance that you can make big money from it, it's not wrong to just be safe and avoid it if you know that you might just get losses by riding it.

if you want to noodle around and enjoy that kind of thing you can try all kinds of strategies. Day trading is popular because its very exciting but making money day trading is hard. It's made harder if you factor in fees which add to what you have to make to actually turn a profit when looking for relatively small profits throughout your day.
If you want to consistently make money do what the professionals do. Trend follow with risk management that cuts volatility. So for instance. If you bought BTC in Oct 2020 at $20k and held onto it through all the ups ($65K-May 2021) and downs (it's been as low at $29k since then) The value of your portfolio fluctuates accordingly. A professional will use volatility avoidance software that buys while the market trends and transfers into fiat when the market starts ranging like May 2021 until now.
This website CyberTools.Club allows access to professional risk management software. Does not take custody of funds, just connects to your exchange and trades on your behalf. You can see some research papers on this page which show the difference between buy and hold with no risk management or buy and hold with risk management. It's not sexy or fun but over the long-term its a strategy with a good probability of success and because membership building is a priority at the moment the service has no fee.
 

wrong , don't avoid that on the spot instead ride with it but never too greedy to seek for too much , best to buy and wait for small pump then sell.

we have seen many of pump and dump. and I am also one of those who rides when there is something similar i found specially when the pump is just started? i will take the opportunity to buy and wait for at least 5-10% growth then leave , that is what i do lol.

That's for sure a pump and dump and as much as you can, you should avoid it. I avoid those projects that have pumped without any reason and I don't want to get stuck in between of it. The chance of an investor chasing the pump and get profit on it is fairly low. Those who have been there at the start, they're the ones that's making a lot of money because they've been there as the lowest since its inception. And as a trader or investor, I won't recommend chasing those pump and dump projects because instead of profit, you'll lose.

There is no good way to keep a portion of the cash, and every time everyone panics, you just buy in.

I learn and try many thing, I choose currency from top 100 of coinmarket, than watch behaviour for some time and trade by short deals!

Most times, the indicators that work for one person might not work for you because of their style of trading and you because do understand that most of these indicators are set differently by different traders. You have to find the one that will work for you based on you pattern of trading.

take some coin from TOP 100 of coin market, look and learn it behaviour! Try to trade on the biggest exchanges like binance!

First of all you need to know the market trend, wheather it is Bullish or Bearish then you need to know basic indicators like RSI, MACD & SMA.

Now to learn to trade cryptocurrencies there are many places.  One of them as you mentioned above.  Therefore we must take advantage of existing media to seek knowledge about cryptocurrencies.  I also learn from YouTube bro

i'm new too, my ways are join class on telegram forum give you coin signal and analysis. second is youtube, there are many YT channel you can watch to you learn about trade.

If you are a beginner, it would be nice if you have to learn first with people who are already proficient in the crypto world.  Because investing in crypto is very risky if you don't understand and don't do research first.  The indicators are many if you want to search on YouTube but come back again according to your beliefs.

The good way to trade,study how to manage and manipulate.Ask those people who expert if hard for you to study and learn.Trust,also is one of basic to determine if you can to join so that to be success.Always positive way ,either will down or getting high when you TRADING.If any problems come think,the alternative way to get up and positive solution.

If you are new to crypto, you will have difficulty learning the technical indicators. Those indicators are learned automatically on the way. I suggest not skipping the basic stuff. Start there and indicators will follow. Where to learn basic trading stuff? Your favorite search engine is your friend.

While in progress, you can able to determine what's the best indicator you can rely on that you can use on your future trading.

The most important for each new trader is to trade small amounts and observe the market. In any free time, read publications about trade techniques. Remember that a huge number of experienced players play against you so always need to have respect for the market. Do not touch at the beginning of the leverage. After half a year you will no longer ask such questions and start to take your own conclusions. If you start to take your own conclusions, you can start experimenting your own trading technique. Good luck!

Good to see you with us. I am using mostly RSI indicater. It can show you the way of trend. You can find more information in Youtube.

you should go back to the drawing board. to trade. you need to read and get updated on how to trade. else you will lose all your funds to whales. you will buy when everyone is selling and sell when everyone is buying. the only good way to trade is to follow your instinct but make sure you understand the trading tactics. as far as I am concerned, there is no good way to trade. you can loose today and win tomorrow.

Your account was created since 2018 so how come that you are new in crypto? do you bought this account? and you are not the real owner?
2018 till now is 3 years and that is not that short to mention .
That is also my assessment , Maybe what he meant is He is New in trading crypto as His account was not active in this forum that long.

Hey . I can recommend GokuMarket if you never heard about it . GokuMarket is a reliable and old crypto turning platform with many users and good reviews. Now they even give 12 Euros for new registration if you have referral code ( you can use mine 7638007364 ) .

If you are a newbie in this market, I recommend you do your research before investing. Find a good teacher to help you succeed

I suggest you use the default indicators while you are still learning about trading. You will not feel too confused to learn so many indicators available on the market. Maybe Bollinger, RSI, and MACD are good to start, but you should search for more info about using those indicators properly to benefit from that. But please remember that the indicators are only predicting where the price will move and sometimes the indicators can give a wrong prediction about the price moves. So you need to learn more about trading.

The more important thing is to know knowledge about indicators. There are hundreds of technical indicators. And we have to learn which indicator is good for which condition. I mostly use the indicators RSI, MA ( Moving average), bolinger bands, EMA and MACD. These are the most popular indicators for technical analysis. So, use them in graph for technical analysis.

it is your attitude and desire that will bring you to what you wanted here in trading.

- If you are greedy person and cannot be contented in smaller income then best to not engage in crypto trading.

-  If you are a type of person that only wanted to learn and earn then Invest first with small amount and as time goes by you can add little by little on that.

It could be he is new and just too lazy or don't have the time to do proper research, there are people who like to be spoon fed for them to be able to survive,  I only hope with all the contributions of information made in this thread by members of this forum to assist will not go to waste because he didn't bother to read.

The best way is to first believe in Bitcoin, give yourself confidence, and then wait for an opportunity, wait until the price starts to fall sharply, and when it falls to the point of frustration, when there are few people in the market that dare to buy,You can buy it.

If you are new to crypto then i sincerely advice you to stay away from crypto trading rather go for long term investment. Even before you made your mind about trading or HODLing, you need to spend time to understand how volatility of this market works.
For trading two widely known techniques are Fundamental and Technical Analysis, you can google and learn them.

you are not new to crypto. stop lying for just to get post. you have been into crypto for a long. if you have nothing to post. please read or go try the post in this community and choose the one you are related to and have something to comment on. that youway, you will learn or learnt something New. there is no need creating a post because you are New.

But some good news may also be a choice to cheat you. When you buy it, the news will say denying this claim. Just like the fake news of Amazon and Walmart a few days ago, many people were deceived. The media has no trust at all.They have no bottom line and principles.They traditionally manipulate the market by some big players.

personally, I don't really trust these various indicators and other tricks.  if there is a fall in the market, then a panicale starts accordingly, and if there is some good news for the crypt, then there is a good purchase.  these are good indicators for trading in the crypto market.

I don't think there is a shortcut to crypto trading.
In trading, you not only need your knowledge and talent, but also the personality suitable for crypto trading. These all play a very important role in your profit and loss. Many people have been in for 3 years and have been very good, and some people have been in for 8 years At a loss.

Use few Indicators like Rsi,macd,ma,ema.That's enough for basic trading...

The best and suitable manners is to create awareness of the product that can merge with the needs of man. The following questions should be asked:
What are the needs of man?
What can be produce?
What are the things to produce?
What are the priority of man?

Hi Bro,

If you're new in crypto I suggest you, firstly you should learn about crypto, how this market run and secondly follow some crypto experts from social media platform as well bitcointalk is awesome to know various new things and updates regarding crypto, then you can play safely.


 

You can probably check for more indicators online but for me I use RSI majorly

personally I'm using MACD and RSI do your own research

Maybe you can browse and google it, there are lot of videos that will clearly explain that which you wanted to know before posting or creating such thread. many topic has be raised about trading and rest. Then since you are new you have to familiarized yourself with rules of the forum before making post.

There are related threads on the Trading Discussion(https://bitcointalk.org/index.php?board=8.0). First, you go on that section and find the same topic or just move this thread on that section so that everyone who's been an expert in trading will give you their best indicators that are being used for trading. I am no trading expert and I have my own way of trading but it's not the best and it's just a thoughtful way of trading just like the others that are not good on it.

Indicator is there but assurance is nothing.

it is still your own ways to learn and experience before engaging in trading.

and also , just use small amount first before losing .

You can check out Bitget Exchange. they claim to be the world's largest crypto copy trading platform. I have tried it before and even manage to earn some profits from their copy trading and they have a lot of good traders to choose to copy trade from.

Hi I am new to crypto and wonder what are some of the best technical indicators to use for trading?