As you call it, my trading is based on technical analysis. It's much better when you can calculate and predict everything yourself. In this case you can not blame anyone. Now I'm using Changelly Pro and it gives me a bit more profit then my previous exchange.
how exchange give you profit will you elaborate more? at changelly you can not able to exchange all type of cryptocurrencies, but at Binance or any other exchange you can able to exchange almost all top-level crypto. personally i like to use binance as my regular use of trading,beside Binance i also use kucoin.
Topic: Which type of trading you think is good? (Read 1270 times)
As you call it, my trading is based on technical analysis. It's much better when you can calculate and predict everything yourself. In this case you can not blame anyone. Now I'm using Changelly Pro and it gives me a bit more profit then my previous exchange.
how exchange give you profit will you elaborate more? at changelly you can not able to exchange all type of cryptocurrencies, but at Binance or any other exchange you can able to exchange almost all top-level crypto. personally i like to use binance as my regular use of trading,beside Binance i also use kucoin.
As you call it, my trading is based on technical analysis. It's much better when you can calculate and predict everything yourself. In this case you can not blame anyone. Now I'm using Changelly Pro and it gives me a bit more profit then my previous exchange.
Both is very important because it really helpful for the trader what is possible to happen to the coin that you have.
We know news is affected the movement of the coins because it is very powerful but if it's legitimate it indicates if price up or down because if the people see the news they probably make a decision if they are going to buy a coin or not .
We know news is affected the movement of the coins because it is very powerful but if it's legitimate it indicates if price up or down because if the people see the news they probably make a decision if they are going to buy a coin or not .
The two types of trading mentioned in the opening post, I think based on technical analysis is better and more accurate for predicting
price movements in the market, compared to based on event news. Although not everyone understands using technical analysis, but if
you want to be successful in trading you must be willing to learn technical analysis. But it is even more perfect to combine the two type,
our analysis results should be more accurate. And with less volatile market conditions like today, I am happy to do day trading, because
it is safer to do. Even though the resulting profit is much smaller, compared to when the market is high volatile.
price movements in the market, compared to based on event news. Although not everyone understands using technical analysis, but if
you want to be successful in trading you must be willing to learn technical analysis. But it is even more perfect to combine the two type,
our analysis results should be more accurate. And with less volatile market conditions like today, I am happy to do day trading, because
it is safer to do. Even though the resulting profit is much smaller, compared to when the market is high volatile.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?
This is the most simple and easiest way to think of trading but it is far more than what it is you think. Trading needs well equipped knowledge to swim better over it and if not, losses will not stop to come. Is better that we be careful to dovit profitable.
Although TA requires great level of understanding, ability to read the charts and the power of anticipating actions from the core team, for example a team that is too focused on collecting money via ICO is a bad sign and avoid investing with them while if a dev is lazy and does not care about minor things like SSL on the website that is another bad sign so TA requires some deep understanding but worth every minute you spend.
In cryptocurrency trading most of the people do trading on the basis of events and news there is a website which tracks all the upcoming news of all the cryptocurrency project like hardfork airdrop mainnet ama session etc. people like me buy cryptocurrency one or two month before any major event and then sell before coming that event I think events based trading is profitable in crypto
Could you share such link if you have it, that will be helpful for users.
I don't think it has any links but having links would be very helpful and no one would be a victim of scam airdrop maintenance these are now being scammed most of its projects are in crypto but are actually tracking everything later. That's why day trading is very profitable using your basic knowledge in crypto.
Nothing among the technical analysis and based from news are much better or good to be compared to the other one for the fact that both are useful to help on analyzing the market and doing decisions with regards to trading because such informations coming from both are useful for the trader himself to act right and be guided on what must be done to be able to rise up the possibility of obtaining profit. Combining the two are a lot more better compared to just picking to just use one from the two. Both are basis and a tool that I use whenever I go trading because what is contained by the news might be reflected on the price chart and what is on the technical analysis sometimes reflects on the news. So both for me are essential.
Basically, trades that are base on news feeds from trusted sources are the best while using your TA for doubt clearance before venture into trade. Though, there are reservations to this, don't get your news from the wrong groups concerning the project rather it should be from the project handles. With this method, I always trade on a mid term basis because sometimes the news doesn't move the market immediately, sometimes it take weeks before seeing the positive effects on the market. So, for me; this is good to my liken.
The news and events also create baseless hype at times and we are lured into investing some shit-coins which I have been a victim of, I won't name the coin but they created so much hype that I had dreams of getting rich and just by investing around $1k I was day dreaming and expecting too much but later they never worked on the project and while I was able to get the refund out of their firm jaws but I decided never to buy any coins based on the hype created on telegram by some paid accounts.At the same time if the news regarding events like BTC halving is about to happen then I am all in for such news because they are real and can be verified so surely the market will move and usually it moves positively so can setup trades.
I can also recommend not to trade different unknown shitcoins, or any SUSHI or UNI... With them, the probability of losing trades increases many times!
And so I stick to long term trading, with elements of investment!)) For example, now you can buy some coins cheaply, and sell them in six months (hopefully earlier!))) with a profit!
And so I stick to long term trading, with elements of investment!)) For example, now you can buy some coins cheaply, and sell them in six months (hopefully earlier!))) with a profit!
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?
This is the most simple and easiest way to think of trading but it is far more than what it is you think. Trading needs well equipped knowledge to swim better over it and if not, losses will not stop to come. Is better that we be careful to dovit profitable.
I'd say it depends on the markets. If there are no fundamental changes (good/bad news) in a week or so, TA would be reliable (to some point), assuming volume is not an issue. If that's not the case, I'd trade on news. If that's not the case either, I'd step away from the market and chill for a while.
That's pretty much it. That's the strategy I had in mind while reading OP but I generally hold for long term. I do miss out the short term benefits but I feel it's okay because I don't put in much time to trade.If I would then this would be the strategy I would follow because crypto is a highly volatile market and is mostly based on the global news.
The market acts more on news and events and less on technical factors. Swing trading along with prediction based on news would yield better results in my opinion than doing normal technical analysis.
Both analyzes give a certain efficiency depending on the state of the market.
If the market is bearish, then technical analysis will show itself best as the purchasing power of the market is reduced.
At the same time, event analysis can work well when there is a large amount of free money in the market, which allows events to influence the crowd in favor of buying.
If the market is bearish, then technical analysis will show itself best as the purchasing power of the market is reduced.
At the same time, event analysis can work well when there is a large amount of free money in the market, which allows events to influence the crowd in favor of buying.
Day trading is the best tools or methods for this thing, but if you do not have enough idea or knowledge about in trading,
perhaps, holding in the long terms is the best replacement for the day trading, although you can do the actual trade but try
to start with small capital first as a newbie.
perhaps, holding in the long terms is the best replacement for the day trading, although you can do the actual trade but try
to start with small capital first as a newbie.
Much depends on the trader's temperament. Not every trader is able to monitor the market on a daily basis and at the same time not perform any actions to buy/sell cryptocurrencies.
It is very important that beginners do not rush to open orders without getting enough knowledge.
I think both trading theory you mentioned are good for.
1. Based on technical analysis : It's really hard for beginners. Technical analysis seeks to predict price movements by examining historical data, mainly price and volume. But Technical analysis can provide very accurate price predictions if you can study the markets well.
Technical analysis is very difficult for beginners to apply because it relates to the analysis of current prices with the past, market interests, and world political conditions..1. Based on technical analysis : It's really hard for beginners. Technical analysis seeks to predict price movements by examining historical data, mainly price and volume. But Technical analysis can provide very accurate price predictions if you can study the markets well.
2. Based on event news : It is very easy to do especially for beginners . Event news trading is probably one of the most exciting forms of trading because it can produce instant profits and instant gratification.
really able to provide instant profits but very often it also makes the trader lose, indirectly this is a trader who only makes transactions based on market conditions, for example when the HYPE market then the person buys, but when the market falls, that person sells.. In cryptocurrency trading most of the people do trading on the basis of events and news there is a website which tracks all the upcoming news of all the cryptocurrency project like hardfork airdrop mainnet ama session etc. people like me buy cryptocurrency one or two month before any major event and then sell before coming that event I think events based trading is profitable in crypto
Could you share such link if you have it, that will be helpful for users.
I'm not going with existing theory. I have categorized trading as follows-
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?
You should be up to date and update will all the crypto related news, to get profit from it. Nothing is technical analysis in trading, instead you should learn of trading.Only trading experience will get technical knowledge about trading.You should hold and sell at right price to get profit.
I do believe that in terms of trading it has many techniques that we can used. But nothing beats the experienced you've learned from your past journey. From there we can get alot of technical techniques that i bet will probably a big help to your journey as a trader. You should also check the market value of the coin and of course upon checking you will know if its a time to sell your coin or should hold it for a meantime.
Trading is good for quick profit but it's take lot of research and time. News based coin is good for trading. How I trade first I find out coin which have upcoming big event or news then I research about the coin and when I found everything is positive then I buy it and hold it for few days and once its coming in profit then I sold it out and book profit. So I am trying to find out news based coin for trading.
It's good to be stay updated about the future events that will be possible to be conduct in a certain projects. To know when you be able to hold it and wait until it will happen. TA takes to know a lot of time before you be able to apply it. Takes a lot of effort and time will be needed in analyzing the charts and strategies. I'm not familiar with that token he mentioned but its not as good as the other successful project, the possibility of hype will be present on it but for long term, I don't think it will be stay alive for long.
I think the combination of the two is good but TA is also better.
At first I thought that if there is this positive event about Bitcoin or cryptocurrency as a whole, it would affect the price but it is not always the case, I am also doing that because I am not that experienced with trading at all. Then I started to study about the trends and make an adjustments based on that but there is still those risks since you can't actually avoid a risk since no one can perfectly predict the future.
At first I thought that if there is this positive event about Bitcoin or cryptocurrency as a whole, it would affect the price but it is not always the case, I am also doing that because I am not that experienced with trading at all. Then I started to study about the trends and make an adjustments based on that but there is still those risks since you can't actually avoid a risk since no one can perfectly predict the future.
Trading is good for quick profit but it's take lot of research and time. News based coin is good for trading. How I trade first I find out coin which have upcoming big event or news then I research about the coin and when I found everything is positive then I buy it and hold it for few days and once its coming in profit then I sold it out and book profit. So I am trying to find out news based coin for trading.
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