West0813
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October 23, 2018, 11:53:02 AM |
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Trading by the news is very risky. Its hard to rely on the news that are coming out. Don't trust easily what the news are telling. We need to trade by our own knowledge.
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readygoaw
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October 23, 2018, 08:18:20 PM |
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Some news are just giving you negative or positive view about cryptos. If you believe the news about certain events that can make your trading yield a very good profit, it's much better if you also crosscheck it for yourself whether you will buy the news or not.
You know, most of the news turns to be simple rumors. Thus, I also think that it is not wise at all to follow them to trade. It is better to monitor the prices and use technical analysis.
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cuenzy
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Fast, Smart, Trustworthy
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October 23, 2018, 09:14:18 PM |
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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.
Well this is speculative style of analysis. And sometimes fundamentalists use this approach. Technicals on the other hand would only be bias on the chart like yes the price action and other markers for the conviction of their interpretation and next action.
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Kasabus
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October 23, 2018, 10:11:46 PM |
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in the fact that the news that is spread is enough to affect prices, such as news about updates from the project itself, in practice it really requires special expertise to analyze prices in trade
It really affect to us if we listen to them especially for fake news, mentally bring us to do panic selling if we follow them. Its individuals appreciation and understanding to the market, if believe into these then there is nothing to worry even people are shouting for the crash cause it won't happen to crypto.
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deppil
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October 24, 2018, 12:46:22 AM |
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in the fact that the news that is spread is enough to affect prices, such as news about updates from the project itself, in practice it really requires special expertise to analyze prices in trade
Of course news really affects prices in the market. so I disagree if you ignore this indicator for your analysis. the news must be your reference to determine where the price will occur. the importance of this news until some time ago when news of the ban existed. then prices dropped very sharply
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arpon11
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October 24, 2018, 06:33:32 AM |
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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.
Many of us are victims of this. Fundamentals analysis alone cannot make you a successful traders. Bird cannot fly with one wing, therefore, you need both the knowledge of fundamental and technical indicators in other to become a skillful traders. Trading is a game that about 95% of traders lose money and only 5% really make money from it. You are therefore advice to trade with good knowledge of price action and that is how to interpret candlesticks pattern and formations in combination with news and developmental issues.
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btcmegastar
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October 24, 2018, 06:52:49 AM |
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We have to trade according to the situation of the market because if start trading according to the news is completely waste because some coins will pump hugely and drops suddenly. So we have to find the potential, market condition and news.
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kikoy999
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October 25, 2018, 04:47:07 PM |
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Also me i follow the present price of altcoins and the i don't trust fake news that will ruined my trading strategies some social media crypto news is also fake.
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mongkie
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October 25, 2018, 04:58:55 PM |
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you are definitely right. some articles, web news and television is being paid by whales to do mind conditioning to the mass media. the poor masses is the end victim so if i were you, we must know how to read and ride the waves.
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Kurevazeyo
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October 26, 2018, 03:47:20 AM |
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in the fact that the news that is spread is enough to affect prices, such as news about updates from the project itself, in practice it really requires special expertise to analyze prices in trade
In bitcoin trading many parameters that become price references will go up or down. One of them is news. The good news is that the price went up, bad news the price will go down. But to analyze news that affects prices requires expertise. So, just follow the bitcoin prices like swings, up then down. Or go down then go up.
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Viper_Unleashed
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October 26, 2018, 04:35:39 AM |
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Fake news and so many of youtube channels generally makes a person confused about what's really going on leaving the actual scenario based on technical analysis.Recently we had seen a stagnant market and then a false flags formed,and people are really hoping for going to moon. That no way sooner.So its always better to do your own research and follow the technical charts and analysis,history proves that after a long/big dip the bull run starts.News can be faked but not technical reasons.happy trading all.
This is one big problem of trading the news, people say all the time that it is important to watch the news about the coins in which we invested but the issue is what news to follow and from what website? In theory it seems like a very easy thing to do but it is not until you try to implement the strategy when you realize how difficult it is to be profitable with it. Yes its very true my friend.Its more safe to get your own charts ready with rsi,macd,convergence,divergence etc many other factors and then decide.Hurriedly making any decision will be very dangerous.Moreover so many scams/hacks and anonymous whales moving crypto adds to more panic making the crypto market more volatile.I generally never go for much profit and at present btc left right moving swift trading suits me best.I am not hoping to see the bull run for next few days.Normal trading theory won't be very much applicable here.So its always risky.And with risk comes profit.Good day all.Happy trading. The price actions will have a very exciting scenario which will bring fort an assurance for our holdings to grow faster. Trading through the news updates isn't a recommended type of reference. We should act independently so that we will be able to avoid that feeling of emptiness, because that would rather make your regret during the times of downfalls. Yes of course we should always do own own individual research and then go for it.One thing that i had learned here is hold your strong coins(which have good projects and also rankings high)it will definitely give you good return in future irrelative of news or trading etc...simply hold strong coins and get your profits.I see many new people making mistake of getting ico and coins which have no prospect and lose their investment that is no good.Crypto market is very volatile since the beginning and even till now,may be after bakkt fidelity it will stabilize a bit,but till now we have a good chance o making profits.Wishing everyone good day and good profits.Enjoy all.
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coinfinger
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October 26, 2018, 05:32:35 AM |
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Technical and fundamental is a important thing in trading You can not using one and decline the other, they are a one packets analysis to know market movements.
I feel sorry for all those who are the investors of late 2017 as they had a great opportunity to sell our for huge profit but they faced with an unexpected downfall and now current conditions are unfavorable as the market is running down from the beginning of this year. They have made lose if they have sold out and if they have not sold out then they are safe and may be able to have a great time onwards if they hold it for some more time.
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BartS
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October 31, 2018, 07:39:19 PM |
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Fake news and so many of youtube channels generally makes a person confused about what's really going on leaving the actual scenario based on technical analysis.Recently we had seen a stagnant market and then a false flags formed,and people are really hoping for going to moon. That no way sooner.So its always better to do your own research and follow the technical charts and analysis,history proves that after a long/big dip the bull run starts.News can be faked but not technical reasons.happy trading all.
This is one big problem of trading the news, people say all the time that it is important to watch the news about the coins in which we invested but the issue is what news to follow and from what website? In theory it seems like a very easy thing to do but it is not until you try to implement the strategy when you realize how difficult it is to be profitable with it. Yes its very true my friend.Its more safe to get your own charts ready with rsi,macd,convergence,divergence etc many other factors and then decide.Hurriedly making any decision will be very dangerous.Moreover so many scams/hacks and anonymous whales moving crypto adds to more panic making the crypto market more volatile.I generally never go for much profit and at present btc left right moving swift trading suits me best.I am not hoping to see the bull run for next few days.Normal trading theory won't be very much applicable here.So its always risky.And with risk comes profit.Good day all.Happy trading. This is why I prefer to do technical analysis, fundamental analysis can tell you a lot if what you are looking is to become an investor in a particular coin but it does not tell you anything about what the price is going to do, it is better to watch the price action and some key indicators that fit your strategy that way you will know when to buy or when to sell regardless of the news that are appearing in the market, in fact most of the time I find out about important news after I see the price making a big movement.
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InvestICO2L
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November 01, 2018, 08:59:01 AM |
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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.
Definetly,you are right bro,and i appreciate your advise giving to us, thats in trading we need in actual happen and we dont believe in some fake news,thats they spread towards the community of bitcoiners in order to poison some traders and put up of our mind to not doing a trading operation,therefore in this situation we must follow our basic instinct or our own judgement with a guidance of data system analysis of coin market caps characteristic data spikes. News plays one of the most important keys that all of us really need when trading, but yep, it’s brutally difficult to identify whether the news are faked or real. As we can see, usually news’ are the major reason that affect to the fluctuation of the whole market. Generally, the way we access the news probably affects to our trading. If we are not flexible plus giving a trust in news, you may get a bad result. What’s more, it depends on your knowledge, if you have a wealth of knowledge, definitely you will know how to get the news accurately.
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Viper_Unleashed
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November 04, 2018, 02:42:33 PM |
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With emerging youtubers sites blogs social accounts and all fuds are being spread mostly now-a-days.Very few sites and reliable sources of news are really doing good jobs and keeping update.For example few days back fuds about btc transfers were being seen all over but finally people knew that it was nothing just simple moving of funds in known exchanges.so things like this are needed to be avoided,doing own research with technical analysis is best.Whether its a pro-trader or a newbie the most useful weapon in crypto world had been patience and it will same in near future too.
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nebiki
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November 04, 2018, 05:26:39 PM |
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of course we must know and analyze the news whether it is true or just a hoax. if it's true then just follow it, we must believe in our beliefs how we will trade our coins, because the advantages and disadvantages come from ourselves.
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Bonsaiav
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November 04, 2018, 09:50:05 PM |
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News and market prices for this year often run not together, both of them have never been in one party either when prices are down or vice versa. This condition is very much different from the news and prices in previous years which could make the market easy for us to predict its movements. As a trader we also cannot just focus on price movements sometimes we also need news, solely to see the trends that occur, and compile both of them well, so that we can find out what's right because the benefits of the news also not infrequently affect the price.
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Panchum
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Be Good to me!
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November 04, 2018, 11:00:59 PM |
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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.
Yes s l monitor my daughter who's trading to have profit is don't follow the news but based on the price action.Because you might lose your token if you don't know the flow of the market.
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Sirait
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1xBit 🏆 │ NotYourKeys.org
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November 04, 2018, 11:16:38 PM |
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make no mistake, the news story can affect the rise or down the price of Bitcoin, see when there is news that China or another country banned Bitcoin, then the news directly caused the price of Bitcoin to crash. so, trade based on news is important too...
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yndye
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November 05, 2018, 04:49:01 AM |
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make no mistake, the news story can affect the rise or down the price of Bitcoin, see when there is news that China or another country banned Bitcoin, then the news directly caused the price of Bitcoin to crash. so, trade based on news is important too...
There are different strategies when it comes to trading and if someone is trading by the news then there is no problem with that as long as he understand what he is doing and have done some analysis about news base trading. When someone is just blindly following the news or whatever rumors he read and then he would immediately buy or sell then it is not a strategy anymore but he is getting FOMO'd and that would be the where the mistake would be. There is no holy grail when it comes to trading and one of the ways for someone to profit is by using his strategy and sticking to it. Revising it from time to time according to market conditions would be a profitable way.
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