Bitcoin Forum

Most of the indicators for forex trading can predict the market movement, accurately on it's historical value and not it current action. Can any forex indicator predict market movement accurately?

Logically It's not possible to predict the price , at least nothing accurate as you are asking otherwise everyone would be rich by now. (this is valid for both fiat and crypto currencies)

I just think if at he moment the predictiona are gonna get a correct prediction just caused by your luck dude. a lot of factor but that is always no can for predicting the  arket movement.

Most of the indicators we have are actually champions with historical data, but when it comes to live data, they become "medicine after death." That is so, because majority of the indicators are lagging indicators, however there are also a few leading indicators, but reality is that the market itself is rather complex as lots of factors play out in determining market price at any one point in time and it is near impossible to factor in all those market forces into anyone indicator.

If you logically think, no one will sell these working indicators to others instead they will keep it for them self and make lot of money. But they know that these are not 100% sure methods so they want to make money by selling these indicators instead of directly making money from indicators. It shows these are not 100% safe and don't trade on those indicators.

iam use indicator in trading forex in Meta trader 4
1.  pivot point in weekly and monthly in time frame H4
2.  bolingerband
3.  ichimoku
4.  pz harmonic

trading not 100% accurate, so you must good money management in trading
lot management is must

This is very true. At least for me I have found out the hard way that I cannot predict the price of a cryptocurrency, I cannot speak for forex. I have tried every indicator that would make sense to me like trend lines, moving averages, momentum oscillators and a bunch more of others. I have lost a lot of money trying to trade well so I have concluded that a buy and hold strategy is best for me. It is more relaxing. My first longterm crypto is ETC and I am slowly buying right now. My sights are also looking at Lisk to acquire next.

you can never predict anything , even in forex markets.
what you do is guessing the future price. and to answer your question i have to say yes and no. because price around here is a little bit different than forex but also the same in many aspects.

so what i suggest is using whatever indicator you can but don't rely too much on them.

Not that accurate but maybe a close one. That indicators is a good reference especially in fiat trades where price is stable. It can't state the right thing to happen but somehow it helps a trader plan their next move.

In cryptos, excluding bitcoin, indicators are nothing since most of the alts are being manipulated due to large hoarders present in that particular alts. Also some of alts devs are just there to make profit.

Although you cannot exactly predict the altcoin prices but the first thing to look is at the buy orders. The more the buy orders , means people interested in purchasing this coin and hence you can safely invest in it.

"Medicine after death" That's exactly what i think.

When the indicators say buy buy buy, always do the opposite and sell. Because If they say buy, it means you are too late to buy and sell time is next. :)

not exactly as simple like that mate you really needed to be more extra careful you cant say if that buy order is for real in trading there's always a risk for us to able to make some precaution we just needed to study it hard double check the thread their website and the project and developers behind so we can assure our self that there would be a future goal some that project that we are supporting with.

to be honest with you, trading forex or altcoin demand alot of experience and knowledge. Most at times I do wonder how newbies go into trading with little or know experience at all. Trading is a game of expert and the only one that can really succeed in trading are those who took trading as business and not gambling.

newbie or no, you can start trading and be successful in it too. i was a newbie once - not yet an expert but i am a lot better- and even in the start with all the mistakes i made it was profitable for me in the end.

the problem is when they stop using their brain and start listening to others, like reading on trollbox coin ... is good then they run there to buy coin ... and then regret it but they do it again tomorrow and then come up with the idea that trading is like gambling.

You got it right. No one can precisely say this is what the price is going to be and what profit you going to make. Even the computer programs that were developed to make some prediction on this kind of thing cannot in any way precisely say how it going to be, everything is just based on assumption.Try to be current on the latest happenings regarding currency you are trading and you will be in good position to make the right decision.

indicator is follow price in market
not price follow indicator, so its nothing use indicator 100% accurate and always profit without floating

yes that is a fact that no one can give 100% correct prediction about bitcoin but still there are so many people who are really making good prediction about bitcoin, and they are taking good advantages from that prediction.

Buy and hold is good approach to trading made possible by the speculative nature of cryptocurrencies. A trader's task here is to buy low and wait until it is high enough for profit and then sell. Most of the regular indicators likeRSI, Bollinger bands, trendlines,etc can be of interest here in alerting when a low price is reached and I think, we're looking at an edge we don't have with trading just the fiats.

I think indicator for forex trading can not be used for analysis movement bitcoin's price because forex and cryptos coins are something different, although basic of analysis tecnical is same but use indicator forex for trading cryptos coins are not suitable.

I agree, indicators are not 100% accurate if not so, people would have not been losing their money through forex trading as we see most of the time. It just may help them help to minimize loses in the trading, and very rarely support to finding opportunities to make huge profits, that is what I believe.

actually sometimes false demand is created for some coins to make huge profits.There are always some big players who can manipulate prices

The parties are having the control for making the false demand it's can like be manipulated by the whales are the owner of the site, like the pumping, and totally it's wrong for involving the whales about for manipulating the demand but totally the whales can making a spam order for pumping or dumping the price of any coins.

Thats why one need to have good skills in trading or bitcoin investment because at times those big players can make a very huge impact on the market through manipulation just to give them the opportunity to make huge profit. Hence, it is necessary to have good knowledge on indicators and strategies for safer trading before you go into it.

You are right, even they are lots of strategies and indicators are available for trading purpose, having one or two tools are will be more than enough for helping us to determine any sudden market changes. I do hear candlestick chart patterns are very good to predict market changes well in advance.

This is one of the latest services for news and market analysis.Good services are out there if you look for them and can be useful.Here are some good free or donate trading tips for bitcoin v usd pair.

https://coins.newbium.com/post/4408-bitcoin-v-usd-market-signal-for-saturday-november

Bollinger Bands is probably the only indicator you'll need for crypto trading