Would you advise a focus on indicators or the market itself for a newbie.

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Quote from: Lida93 on July 10, 2022, 01:24:16 PM

On a daily basis, many persons pick interest in cryptocurrency trading but eventually get scared never returning cause may be due to one or more losses serially experienced in the trading due to perhaps their focus.
Today almost all of the internet sites, trading books/newsletters, seminars etc, focuses on indicators (which is all about analyzing) instead of diverting a good percentage of focus on the market.

For the purpose of discussion. Owing to the complexity and how confusing indicators could be, which would you rather advise for a newbie to place much focus on between the Market (trading without indicators), and the Indicators, and why?

Trading using indicators is recommended because indicators function to find out where the market will move and we can see how it moves in a day, week, month, and year.
We can get a lot from indicators that will be useful for our analysis before determining when to enter the market.
With so many indicators available on the exchange, you don't need to learn all of them because it will take a lot of time and understanding so maybe you will need 3-5 indicators to help you in your analysis.
If you trade without indicators, you may be gambling with yourself because you only guess where the market will go without knowing which direction.

Nrcewker

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It’s better if you learn trading and watch the market, if you can’t do this then no options left other than looking to the indicators.
I mean it’s always better to do the work of your own and rather than depending on other people.
Same goes here. If you can yourself learn how to see the market and use it, then definitely it will give you more profits from the indicators.
Nevertheless at the end of the day, you need to decide what you want. All the best for your trading journey OP.

Munir575

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Here's what I'd suggest. You won't need to employ many indicators if you understand the reasoning and concept behind them. While traders who employ a plethora of indicators, such as those you see on YouTube, with all those fancy charts, are frequently unsuccessful, those who use only horizontal support and resistance can be phenomenally rich. Select an identifier, Command it and if you notice that your results improve after adding more, do so.
There is a ton of useless trading content available. Try to comprehend that the promotion of done-for-you black box systems and get rich quick indicators is a business model for earning money off of retail traders. Avoid falling victim to the trap.

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Quote from: Natalim on September 20, 2022, 08:08:59 AM

Well, I suggest newbies just focus on the price chart and make use of this for market analysis.

This is easier said than done. It's not even enough to only focus on chart reading. By the way, come to think of it, chart reading isn't an easy thing to do. Let's also remember that there are traders today who can't identify basic trade patterns but some of them are still profitable. Perhaps maybe because they depend heavily on signals. Reading candle formations and relating it with other indicators are necessary skills anyone should've if they want to be good at picking trade signals on chart by themselves. Knowing how to read charts is important but not everyone is endowed to know how to do it.

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Quote from: Natalim on September 20, 2022, 08:08:59 AM

Well, I suggest newbies just focus on the price chart and make use of this for market analysis. It wasn't easy as we think and really hard if you have no interest in doing this. But since we deal with the risk upon trading, then we have to do this otherwise, failure is what we get in the end.
As a newbie, experience is really a huge contributing factor to our success. Like losing is certainly going to happen before we started to earn. And if we can't afford to lose money, I don't think trading will be the right place for us.

Even newbies who start to earn a lot during the bull run, could end up losing it all back if they are not careful. I have met with a few of them, they made insane returns from 2020 to 2021, but then they lost it all and then some during 2022 bear run, because they weren't ready for it.

I have never lost money on bitcoin that I wasn't ready to lose, in fact I may have never truly "lost" money here at all, sure made less profit than I could, like go from 100 bucks to 500 bucks then sell for 400 type of deal, but not lose from initial capital, why? Because I am capable of waiting for the bear market to be over, newbies usually do not feel they can wait, and that is why they lose.

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Quote from: Natalim on September 20, 2022, 08:08:59 AM

Well, I suggest newbies just focus on the price chart and make use of this for market analysis. It wasn't easy as we think and really hard if you have no interest in doing this. But since we deal with the risk upon trading, then we have to do this otherwise, failure is what we get in the end.
As a newbie, experience is really a huge contributing factor to our success. Like losing is certainly going to happen before we started to earn. And if we can't afford to lose money, I don't think trading will be the right place for us.

Once you do touch up trading or even simply with investment here on cryptospace then it would really be just normal that you should really know on how to read up charts.Then what are the things needed up for you

to do so? Of course you would really be needing on knowing how to read up into those indicators which should really be a standard thing since these things could really make you able to read up somehow on where

price could possibly go.It might not be 100% precise but at least you arent doing such actions without any basis since it would really be just pure gambling.This market
cant really have news from time to time thats why its ideal that you should make yourself that knowledgeable on these things.

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Well, I suggest newbies just focus on the price chart and make use of this for market analysis. It wasn't easy as we think and really hard if you have no interest in doing this. But since we deal with the risk upon trading, then we have to do this otherwise, failure is what we get in the end.
As a newbie, experience is really a huge contributing factor to our success. Like losing is certainly going to happen before we started to earn. And if we can't afford to lose money, I don't think trading will be the right place for us.

ItsCrafty

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Indicators are highly essential because they forecast future market sentiment, and if the mobility is interpreted, one can profit conveniently. I also believe that if one focuses on the market, it is decent and an indicator is not necessary. However, I believe that some users benefit without using indicators simply by maintaining an attention on the market price.

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Quote from: palle11 on July 26, 2022, 10:01:26 AM

Quote from: South Park on July 19, 2022, 10:50:18 PM

Besides I don't really understand why someone would like to avoid indicators completely, indicators are calculated in such a fashion in order to trying to bring forward an aspect of the market in which you could be interested in watching more clearly, this means that by not using indicators you are handicapping yourself, an attitude that is incredibly dangerous especially when we have so many traders and bots that are using every single tool available in order to get any edge over you

This is true that the level of the use of indicators have been high because much more traders realize that they can't do without it. Some to try and get most trades right have gone into modernizing the indicators that feel are giving them profit. They also change the parameters of the indicators while more have also been in building of trading robots all in the search for better indicators to win in trade.

And many traders go even farther than that, as we know there are hundreds of indicators but those indicators do not appear out of nowhere, in fact some of the best traders ever developed those indicators and the success they got was so massive that this is the reason many other people decided to adopt them, so not using indicators to trade the markets is like driving a car without a speed indicator, it can be done but I would not recommend that to anyone.

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Quote from: suzanne5223 on July 18, 2022, 12:02:19 PM

Indicators are helpful when it comes to crypto trading but they can also be a dangerous or destructive weapon for newbies and the best thing every newbie should do is to first focus on understanding the market itself which will help newbie to understand the fundamental aspect of the market momentum when they started using the indicators.

Indeed, it is a vital tool used in trading but of course, it seems useless if we don't understand how it works and is applied in actual trading. And I suggest also exploring and trying other indicators to find what is effective as not all of these indicators work great as it depends on the user. Yet, we never expect that it works perfectly as it was natural to experience losses in trading in the beginning until the time has come that we are able to adjust and adapt the situation. And it needs patience...

palle11

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Quote from: South Park on July 19, 2022, 10:50:18 PM

Besides I don't really understand why someone would like to avoid indicators completely, indicators are calculated in such a fashion in order to trying to bring forward an aspect of the market in which you could be interested in watching more clearly, this means that by not using indicators you are handicapping yourself, an attitude that is incredibly dangerous especially when we have so many traders and bots that are using every single tool available in order to get any edge over you

This is true that the level of the use of indicators have been high because much more traders realize that they can't do without it. Some to try and get most trades right have gone into modernizing the indicators that feel are giving them profit. They also change the parameters of the indicators while more have also been in building of trading robots all in the search for better indicators to win in trade.

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Quote from: AakZaki on July 25, 2022, 08:22:54 AM

Quote from: suzanne5223 on July 18, 2022, 12:02:19 PM

Indicators are helpful when it comes to crypto trading but they can also be a dangerous or destructive weapon for newbies and the best thing every newbie should do is to first focus on understanding the market itself which will help newbie to understand the fundamental aspect of the market momentum when they started using the indicators.

For beginners who want to learn technical analysis with multiple indicators should be more focused and use indicators not for real trading, use demo trading to test how accurate predictions are made with several indicators used. It would be dangerous to use indicators for beginners without a deeper understanding of these indicators and a good understanding of the market. In addition, Fundamental Analysis is measured using the search for the intrinsic value of an asset. In this analysis, you study the factors that affect the economy from both a micro and a macro perspective. You should also pay attention to the political aspects and industrial conditions of a country to understand the fundamentals of crypto assets.

You should really make yourself know about the basics which is understandable for a newbie to be done and on the time that you had made out on familiarizing technicals then it is really the time to make

yourself aware on how fundamental and sentiment works because you cant really able to avoid on not to know or learn up these things considering that it would really be that relevant on knowing this.

Crypto market is really full of news and events which learning up fundamentals would really be that relevant.As a noob then all angles and probabilities of learning up should
really be done if you do really like to sustain or survive into this market.

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Quote from: AakZaki on July 25, 2022, 08:22:54 AM

Quote from: suzanne5223 on July 18, 2022, 12:02:19 PM

Indicators are helpful when it comes to crypto trading but they can also be a dangerous or destructive weapon for newbies and the best thing every newbie should do is to first focus on understanding the market itself which will help newbie to understand the fundamental aspect of the market momentum when they started using the indicators.

For beginners who want to learn technical analysis with multiple indicators should be more focused and use indicators not for real trading, use demo trading to test how accurate predictions are made with several indicators used.

You have a point and I believe the bear season is the perfect time for learning every newbie that wants to be successful in crypto trading. However, there are few platforms that allow the use of demo trading for new users and I believe the best thing a newbie can do in this situation is to take a trading class which will even make them to be more serious since they have paid for the course.

Quote from: AakZaki on July 25, 2022, 08:22:54 AM

Fundamental Analysis is measured using the search for the intrinsic value of an asset. In this analysis, you study the factors that affect the economy from both a micro and a macro perspective. You should also pay attention to the political aspects and industrial conditions of a country to understand the fundamentals of crypto assets.

You're absolutely correct.

AakZaki

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Quote from: suzanne5223 on July 18, 2022, 12:02:19 PM

Indicators are helpful when it comes to crypto trading but they can also be a dangerous or destructive weapon for newbies and the best thing every newbie should do is to first focus on understanding the market itself which will help newbie to understand the fundamental aspect of the market momentum when they started using the indicators.

For beginners who want to learn technical analysis with multiple indicators should be more focused and use indicators not for real trading, use demo trading to test how accurate predictions are made with several indicators used. It would be dangerous to use indicators for beginners without a deeper understanding of these indicators and a good understanding of the market. In addition, Fundamental Analysis is measured using the search for the intrinsic value of an asset. In this analysis, you study the factors that affect the economy from both a micro and a macro perspective. You should also pay attention to the political aspects and industrial conditions of a country to understand the fundamentals of crypto assets.

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Quote from: Oceat on July 22, 2022, 06:58:05 PM

Quote from: suzanne5223 on July 18, 2022, 12:02:19 PM

Indicators are helpful when it comes to crypto trading but they can also be a dangerous or destructive weapon for newbies and the best thing every newbie should do is to first focus on understanding the market itself which will help newbie to understand the fundamental aspect of the market momentum when they started using the indicators.

[snip] I haven't seen any newbies master the trading and successfully make money in a short time.

You have a point but a lot of newbies traders easily achieve this during the bullish market.

Quote from: Oceat on July 22, 2022, 06:58:05 PM

Getting used to the market is one thing that they shouldn't be looking over because most of the fundamentals can be found if you know the market well.

I believe a lot of newbies have already aware of this but the time span for them to understand the fundamentals, and the trial, and error that is involved is what I believe they don't want to go through with the intention of crypto to be the pot of gold.
This is the reason why we see even high rank members asking questions if the market will be bullish again.

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Quote from: Oceat on July 22, 2022, 06:58:05 PM

Quote from: suzanne5223 on July 18, 2022, 12:02:19 PM

Indicators are helpful when it comes to crypto trading but they can also be a dangerous or destructive weapon for newbies and the best thing every newbie should do is to first focus on understanding the market itself which will help newbie to understand the fundamental aspect of the market momentum when they started using the indicators.

It's just a good way to tell that they shouldn't be jumping on the hard one when they don't know the basics yet. They should look at that as an advance users feature once they finally get that they can expand their desire of learning how to trade with using different strategy. I haven't seen any newbies master the trading and successfully make money in a short time. Getting used to the market is one thing that they shouldn't be looking over because most of the fundamentals can be found if you know the market well.

Stick with the basics or learning on it and then try to famialirize or mastering it first or take a good grasps before going to intermediate to advanced learning or indicators or tools because diving
directly into those hard things wont really be that much effective if you arent really that making yourself aware nor being good with the basics.You cant just make out some shortcut because
thats not how trading should be treated off.It would involved lots of trial and error before making yourself well prepared and sustainable on this market.
Although not all would end up to become successful but at least you are following on the right path.

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Quote from: suzanne5223 on July 18, 2022, 12:02:19 PM

Indicators are helpful when it comes to crypto trading but they can also be a dangerous or destructive weapon for newbies and the best thing every newbie should do is to first focus on understanding the market itself which will help newbie to understand the fundamental aspect of the market momentum when they started using the indicators.

It's just a good way to tell that they shouldn't be jumping on the hard one when they don't know the basics yet. They should look at that as an advance users feature once they finally get that they can expand their desire of learning how to trade with using different strategy. I haven't seen any newbies master the trading and successfully make money in a short time. Getting used to the market is one thing that they shouldn't be looking over because most of the fundamentals can be found if you know the market well.

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Quote from: Lida93 on July 10, 2022, 01:24:16 PM

Would you advise a focus on indicators or the market itself for a newbie.

Indicator for newsibes?
Well, learning about indicators on the market is actually not easy. It will depend on the personality if they are actually a good learner or not, faster learner or not. Sometimes, people even newbies can learn easily and quickly to understand trading indicators, and how to analyze them technically. But sometimes, newbies are too difficult to understand the indicators, because there are some complicated areas that must be understoood. However, if the newbies are willing to learn it seriously, why not? But fo course, this may not be easy and fast generally. And I think that the most important thing for newbies is that enver trading at first before you learn and understand about tarding itself, even it is with indicator analysis or not. Better to come with your own trading knwoeldge at first.

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You shouldn't just look at one thing and try to make a decision based on that, you could get wrong results that way. Even in math, when you get a result, you try to confirm it by backtracking everything. When you are making some financial decisions, you could find some good ways to make money, but make sure that you check all angles before you make it so that you are certain it is going to work out.

I know for a fact that I have seen plenty of times indicators were wrong, but I know there were many more times when they were right as well. So, you eventually start to learn when it could be wrong and when it could be right and act accordingly.

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Quote from: Mpamaegbu on July 18, 2022, 05:51:30 PM

OP, put it this way – would you rather draw a straight line handsfree when there's a ruler? I guess you know the answer to my question. Trading without indicators is more or less pure gambling. While I acknowledge that trading is speculative in nature and there's no perfect handle on it, I would rather not trade at all if I'm not going to rely on at least a single indicator to pick my trades. In doing this, I tend to rely heavily on leading indicators as against lagging ones. How do you assess market sentiments and bias if not through the aid of indicators? Anyone who tells you otherwise isn't being honest with you on this one.

Besides I don't really understand why someone would like to avoid indicators completely, indicators are calculated in such a fashion in order to trying to bring forward an aspect of the market in which you could be interested in watching more clearly, this means that by not using indicators you are handicapping yourself, an attitude that is incredibly dangerous especially when we have so many traders and bots that are using every single tool available in order to get any edge over you

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