Do Not Trade By The News, Follow The Price Action

[imstillthebest]

If you trade long term, then the news of the day is less likely to affect you. The daily volatility can be good if you are very skilled at trading but for most people is hard to take advantage of.

That's right what you said, I think those two factors are related to trading, how can we trade if we don't know the news about what is selling in the market. And news sometimes influences prices, this is crypto full of question marks, unexpected things can happen here

i think he means that news are a hindrance to trade  but what you think is that news is helpful  . actually both of this are true  .

news can be an ally or a foe depending if what news you are reading . if its a fake news and you believe it , what will happen to you  ?  but if its a legit news , that shall help you on your trades   . volatility and other factors , we can use them all so that we can have a guide on this dark path of cryptos   .

[1715365339]

1715365339

[1715365339]

1715365339

[1715365339]

1715365339

[1715365339]

1715365339

[FLoving]

If you trade long term, then the news of the day is less likely to affect you. The daily volatility can be good if you are very skilled at trading but for most people is hard to take advantage of.

That's right what you said, I think those two factors are related to trading, how can we trade if we don't know the news about what is selling in the market. And news sometimes influences prices, this is crypto full of question marks, unexpected things can happen here

i think he means that news are a hindrance to trade  but what you think is that news is helpful  . actually both of this are true  .

news can be an ally or a foe depending if what news you are reading . if its a fake news and you believe it , what will happen to you  ?  but if its a legit news , that shall help you on your trades   . volatility and other factors , we can use them all so that we can have a guide on this dark path of cryptos   .

Actually these news are the benefit for those traders who cannot read the trading charts and cannot trade in the normal fluctuations. As you said there is a risk that someone publish a fake news but we can stay away from them if we do not rely on any new small news channel. We have to follow a well established and a trusted news channel and have to act according to the news. But there is still one thing that if someone want to act according to the news then they have to learn that how to act to those different type of news.

[Mihaylovic]

It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis. 
 Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.

Correct.
Because once you see something on the news, it is probably too late to sell or buy. Because if you think it is time to buy; believe me some other people had already bought cheaper and you will buy from them. And there will be no people that is going to buy from you in higher price in short-mid term.

[Kimi80]

I believe that true traders mix news reading, chatting and following the price all together. Only like that the maximum profit can be reached. I am just began to interest in trading and already can see that not every trader can become a successful one.