Do Not Trade By The News, Follow The Price Action

[kotajikikox]

Sometimes we need to read news about what is the latest trends for altcoins but of course we need to study and analysts about the news  trends to avoid loses before buying the coins

[TopT3ns]

Sometimes we need to read news about what is the latest trends for altcoins but of course we need to study and analysts about the news  trends to avoid loses before buying the coins

That is why we can't miss any news about bitcoin, because it can really affect with it especially if bad news come. So we not late if price dumped or pumped by news when good news come.

[otundebis]

News is interpreted in certain way in cryptocurrency,  and the direction of price could be determined by positive or negative news that is why you here this saying that goes like this : Buy the rumour and sell the news.

[harbin55]

Yes of course, do not trade by the news because some of the news are fake that spread out easily and also it is most appropriate  to depend to the price  action.
Through this you can be able to see which is the most reliable by its outcome. Another thing price actions tells most accurate what happen in the cryptocurrency.

[Hatuferu]

News is interpreted in certain way in cryptocurrency,  and the direction of price could be determined by positive or negative news that is why you here this saying that goes like this : Buy the rumour and sell the news.

I agree.That is why you have to make a close monitoring on the price market so you won't be easily lured by the negative news around.Atleast you should know the right timing to trade so you can make big gains and not huge losses.

[Viper_Unleashed]

The main problem lies today if of fake news.Many scammers genuinely spread the fud about any exchange and sometimes about shitty coins and people had to suffer loss.I remember  when I was very newbie had some bad experiences and suffered some loss.For example there are lot of shitty coins out there and each day new one emerging and so the fake news of their soft/hard fork.Even many times during airdrops people keep their money in false exchanges and their money gets scammed.So its really our responsibility to do our own research and take actions.Mere listening or seeing news should not be the only criteria to take action.Technically we also have to see the reason for any event.
Be safe happy trading/mining all.

[Exidous]

Yes, I agree with you that we can not trade based on information because there is much fake news in the market. we are easy to lose money if we trust. However, if we don't get the news on the market immediately, we are also losing your chance.

[yanto@1977]

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.

For technical trader " YES " but for fundamental trader " NO ". Price action is about right now and news is probability, some people take this as their challenge, nothing wrong with that. Every strategy have their own rules why not try to combine it maybe you'll get better decisions. Try to combine as new challenge, your skill will raise in different way.

[djselery]

That's correct, the successful crypto trader have to study and analyze the market, and the charts carefully before taking the decision of trading. Following the crypto news isn't always helpful, because the predictions aren't totally exact, and sometimes they are misleading.
That's why it's always recommended to learn how to analyze the price chart before trading.

[cunguks]

Both the news and the lead of the current price are important. We can't ignore them, believe or not, both of them could be the base of price change. Let's say we did hear negative news for cryptocurrency, but wait, we can't fully believe nor we can't fully ignore the news. It's true that today's cryptocurrency news/articles are mostly bullshit by design. However as long as we are not being driven, I think it's okay. Because sometimes news help us to understand the situation better.

[MrVuuu]

I believe that at first there is a sharp price movement, and then there is news that explains the movement. In general, the news is very difficult to trade, for me in general - it is impossible. I believe the news market is completely manipulated.

[Willitivity]

This market is so fragile and volatile, any little news pulls big results either negatively or positively, even price is affected by it. Best bet is to follow the know news, watch price movements and be able to know how to trade at a give time. Keeping up to date with both will place you a step further.

[tenakha]

Yes of course, do not trade by the news because some of the news are fake that spread out easily and also it is most appropriate  to depend to the price  action.
Through this you can be able to see which is the most reliable by its outcome. Another thing price actions tells most accurate what happen in the cryptocurrency.

Sure, we should not believe the fake news. It is always necessary to go to the source of the news and to act accordingly after being searched deeply. Furthermore, the existence of fake news isn't a reason to give up basic analysis. Because of existence of scam coins, we cannot call Bitcoin a scam.

[john_nautica]

maybe many beginners who trade only based on the news do not have sufficient skills or abilities, but it is not what they should do. skill or ability can be one of the best factors that must be owned in order to always get a large profit in trading.

[Getcoinsite]

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.

Basically these days of trading practicality is the best strategy,never fall from the positive or negative news instead somtimes rely on your instincts because no one really cares for hou hard earned money but yourself,so if theres must to be followed it is your thinking and not by others

maybe many beginners who trade only based on the news do not have sufficient skills or abilities, but it is not what they should do. skill or ability can be one of the best factors that must be owned in order to always get a large profit in trading.

So inshort they must learn first,keep studying the market and never rush for profit,because this will only lead thm to failure..the risk of losing is higher than the chance of winning in cryptocurrency community so better always watch you movements

[daviidalpert]

we don't trade by the news.but We can't ignore them either.Regardless of the truth of these news, it always has some influence on the market.so the analysis of fundamentals is essential.

[gabbie2010]

Fundamentally news moves ie increase the volatilty of the price however I agreed with the OP on the basis of using Price Action, personally I traded based on price action at some strategic pivot point when a major news that affects a particular pair is announced its definitely gonna move the price having the price stabilized then its time to deploy price action before pulling the trigger whether to buy or sell.

[Pattart]

Sometimes we need to read news about what is the latest trends for altcoins but of course we need to study and analysts about the news  trends to avoid loses before buying the coins

That is why we can't miss any news about bitcoin, because it can really affect with it especially if bad news come. So we not late if price dumped or pumped by news when good news come.

Lol, if you see the bad side, people will always be influenced by the news so that it can impact the market, but if someone sees the positive side they can use the news to determine what options they will choose (just for reference), not directly make you panic and make choices according to the news ..

[Sadlife]

Sometimes news are irrelevant to the price because it's being manipulated by a group of cartels called whales even if a token or coin had good fundementals if the whales to bring it down then it's all for naught so better buy more in the dips and sell when BTC price rises.

[Malamok101]

we don't trade by the news.but We can't ignore them either.Regardless of the truth of these news, it always has some influence on the market.so the analysis of fundamentals is essential.

Ye's. thats true I dont follow to the news of the price because some of news are fake and not really happen once sometimes mistaken for what they saying.