I have a small correction in your title thread, it should be talking about the trading strategies.
The best if you will apply both of them, you cant proceed to technical analysis if you don't have these news events that I guess have also an effect on the bitcoin price. Sometimes we need to listen to the news like hacking or scam events like a big exchange, which I guess will cause of price downtrend. Both of them will work together as one, just like joining one force that means your prediction is more likely accurate to the possible outcome.
Topic: Which type of trading you think is good? - page 6. (Read 1270 times)
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?
Doesn’t the both of them go together? Since the market is volatile, and some events or situations that takes place sometimes happen unexpectedly and when they happen they can affect the market and lead it to another direction. We can take the covid19 as an example, when the pandemic started I don’t think you needed technical analysis to tell you that the market was going to fall.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?
Once you have heard and seen what’s happening on the news, as someone who understands the basic of economics, your mind already told you that the market will crash. The both things you have mentioned has to be applied, you need to be updating yourself with the news and also doing technical analysis. It’s all important.
I think a combination of different technical indicators and technical analysis definitely works if you want to make consistent returns in the market.
I'm not going with existing theory. I have categorized trading as follows-
1. Based on technical analysis
2. Based on event news
1. Based on technical analysis
2. Based on event news
Relying on technical analysis or news is one of the factors in making a strategy, not an actual type of trading. You can combine these with other factors such as reading speculations, community-based hypes, and many more.
Why not try referring to both? Once you see news, see how it impacts the charts. From there make several speculations of what will happen.
Since the price is unpredictable and volatile, you really need to test what factors will be useful to you and see the result by yourself. A sort of trial and error while applying your own strategy.
What the OP have stated are not trading types or methods but rather are factors affecting why a certain trader can do decision making on what he would preferably do to his trades that will be dependent on those two factors namely technical analysis which is monitoring the price behavior based on the price chart and data analysis stated on the chart. On the other hand, world news and crypto news is another factor to help traders do decide if it would worth to get into trading with such crypto knowing the existential of news that might affect the pricing of that certain coin. For me nothing is more important or much better for those two can be both useful and a basis for doing trades because those serves as guidelines to help traders achieve betterment aside from relying on guts what could possibly happen on his trades.
These are not trading type but rather a signal which for me you might not limit your self to just one. You can combine technical analysis with news to have an holistic representation of how you want your trading to be spread. Also, from experience signal from technical analysis which is basically from the chart history sometime works and sometime it might not but when there is events which is big news. They price can be influenced within few seconds.
Trading alone with technical or fundamental anaysis may not totally work but it also depends on the current status of the market. It would be best if you try both and then evaluate which trading methods will work out for you. After all, it all depends on how we manage our trading skills which still matters in the end and make us totally profitable. 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?
being both is highly recommended...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?
just being a technical analysis is not good because an event greatly affects changes that occur in prices and vice versa. professional traders will definitely make them their reference in making decisions, This is why joining the signal group is highly recommended for every trader.
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?
Go for Both since these things can really possibly give out some effects on price movement but always think that this doesnt work anytime yet market is very unpredictable on most cases1. 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?
neither you do hear up on a certain news and presume out that it will rise but it did go on the opposite way then thats really a disaster and this is what makes too hard on dealing with this kind of market
but somewhat majority of traders do make use of technicals.It might not be a guarantee for it to work but it is way more better rather or compared on trading without any basis or indicator.
If you do look that fundamental trading do works for you then stick to it but if not then try technicals, its just a matter of mixing up or trial and error and do look on what works for you.
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Day trading but it's kinda hard to get by. In the end, it is up to one's capital and time on what type of trading suits the best. I am not sure if I would agree that trading based on news is easy. I mean in such unstable market, wouldn't it be that you're basing your decision from other's speculation? That might just be my mindset, but I don't really follow the news a lot especially when we're gonna put Bitcoin into the discussion.
These are not trading type but rather a signal which for me you might not limit your self to just one. You can combine technical analysis with news to have an holistic representation of how you want your trading to be spread. Also, from experience signal from technical analysis which is basically from the chart history sometime works and sometime it might not but when there is events which is big news. They price can be influenced within few seconds.
Without doing the TA part you are not really going to get 100% out of trading, you are just going to do something depending on what you like but it is not going to be worldwide accepted methods, it will be just what you feel comfortable with. However, if you really work towards learning TA that means you could actually do something that is accepted by everyone.
Even if you lose money which will happen even with TA, you could say that nobody expected it and you can be sure that most people lost money as well. Unexpected stuff happens all the time, it is not shocking, however if you are doing TA that means most of the time you will make money, with a tiny chance of unexpected loss which would be acceptable by everyone. It is quite reasonable to keep trading with TA, you are going to trade anyway, why not do it based on data?
Even if you lose money which will happen even with TA, you could say that nobody expected it and you can be sure that most people lost money as well. Unexpected stuff happens all the time, it is not shocking, however if you are doing TA that means most of the time you will make money, with a tiny chance of unexpected loss which would be acceptable by everyone. It is quite reasonable to keep trading with TA, you are going to trade anyway, why not do it based on data?
Neither is good per say. The goal is to be profitable trading. Therefore you attempt to leverage all information. For example if your technical analysis is giving you a bullish signal and you also find a bullish news catalyst you would long that asset with conviction. If your only getting 1 of the 2 you might long with less size or stay flat waiting for both to signal bullish or bearish to take a position. You don’t just rely on one or the other but rather use all available info to take a bias position.
Experience will give you an edge and in the long run as you gain experience you will eventually manage to use all the available resources. In the meantime, try to read and learn as much as you can about trading so you can sped your way to become knowledgable, it is okay to make mistakes and start over.
Neither is good per say. The goal is to be profitable trading. Therefore you attempt to leverage all information. For example if your technical analysis is giving you a bullish signal and you also find a bullish news catalyst you would long that asset with conviction. If your only getting 1 of the 2 you might long with less size or stay flat waiting for both to signal bullish or bearish to take a position. You don’t just rely on one or the other but rather use all available info to take a bias position.
at first i thought your going to say short and long term but no as this is too common or already existed .
what you have categorized is indeed new but i didnt knew that those are also types of trading or traders. both are good but the other is hard to pull off . im going on the second one which is to based on the events or news but if you already know something about technical analysis , its easy for your to do both .
what you have categorized is indeed new but i didnt knew that those are also types of trading or traders. both are good but the other is hard to pull off . im going on the second one which is to based on the events or news but if you already know something about technical analysis , its easy for your to do both .
I am also not an expert for TA. So I choose to trade based on fundamental news ( good news and badnews) it can give signal when to buy or to sell . Beside that i also hold some tokens/coins for long term.
However, we are also injected by fake news which could trigger misinformation and brings us to nowhere. Thas is why it is also important to have TA's on our own. We all not good at TA and in the first place, there is no perfect TA's as well. It all just a simple market prediction base on then news (fake/legit), or any information that could help to make our own TA and that it influences the results.
Well, I'm no expert in this but I favored to have them both. It might the chances of making good trade is higher than only having one of them.
Rather than professional trading I find the trading practice with small funds to be a better choice. In such trades one can minimize the loss and execute trades in a very short time period. I always go for trading with a small difference between the buying and selling price generating minimal profit. As the market keeps fluctuating, profiting can be made regularly.
That's for TA of course. With TA, you can get instant profit but while someone trades based on news or upcoming events on altcoin, there's a big chance of getting a higher ROI as before the event price get pumped significantly.Inveating little amount doesn't make much sense in my opinion as you will get none but a fee of paying for a coffee.
When making a trade most of the time I just for the market graphs and the news because those have basically affected the whole market price.
First on the news, if you read a lot of articles about the next movement like the down trend for sure many people are pulling their funds instead of losing a large amount of money also this is a good opportunity for buying a lot of coins.
On technical analysis, this is the time to check the rumor came from the first one always check the market movement don't just listen from others you need to see this on your own eyes.
These are the things I usually do when making a trade.
First on the news, if you read a lot of articles about the next movement like the down trend for sure many people are pulling their funds instead of losing a large amount of money also this is a good opportunity for buying a lot of coins.
On technical analysis, this is the time to check the rumor came from the first one always check the market movement don't just listen from others you need to see this on your own eyes.
These are the things I usually do when making a trade.
Not also good in trading but it looks more effective if we use them both. Hearing those coming events, market changes, it all comes out with a good TA that eventually gives us some hints about what will possibly happen later. have we think that simple guess will work in trading, definitely not, and much more losses if we go like this.
That is how TA places a big role in trading, though we can't just fully depend on it, however, it actually helps.
So I say that I have to use them both and could be a huge factor that will affect the results of our trade. Not all have understood TA or not even good to it but soon, we can improve it. It just how we pursue learning to trade and apply what we've learned.
That is how TA places a big role in trading, though we can't just fully depend on it, however, it actually helps.
So I say that I have to use them both and could be a huge factor that will affect the results of our trade. Not all have understood TA or not even good to it but soon, we can improve it. It just how we pursue learning to trade and apply what we've learned.
The best type is the one that suits you and your goals! Many of us don't have time to watch charts, to follow every market move. I have active buy/sell orders all the time, when I check the current price I know which ones got executed, if I need I change something. Good thing with trading is that you never lose everything if you make some mistake (with gambling you can), we should learn from our mistakes and to try to set up everything in the way that suits. First thing is always your capital, the amount you are willing to risk, than your free time for trading (many of us have jobs, wife and kids, obligations...), and in the end you organize everything in order, as you trade you learn and you become better in that. You can't neglect everything else because of the trading...
If someone can know both the fundamental and technical both then the best thing to trade as your horizon related to coin and events would be much better so you stand an advantage of making money from such trades. But if that is not possible then try to learn any 1 of the and see if it can work for you as have seen many that they end up losing in trading rather than making money from it.
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