Do Not Trade By The News, Follow The Price Action

[ryzaadit]

Why? The news was part from fundamental strategy, if we talk about the technical analysis we all know that the prediction it's from the chart & indicator but if the market have manipulation from the price all prediction from the technical analysis will be waste. To be honest, i really like fundamental news than techninal analysis.

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[Victorycoin]

Many a times news can play an important role to move to market both on positively and negatively. We should see the news source if the news source is perfect then price can drop for bad news and price can be up for good news.

[wawanlindu]

Maybe we all agree, one of the things that can affect prices is good news and bad news. However, it would be nice to combine with price action to be more accurate in making decisions.

[goaldigger]

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.

Following news isnt a good advise knowing there are almost 50% of the news in the internet is either fake or manipulated. If you could ask an advise on the forum then its better. Guts and hunch can be a secondary desicion maker in this.

[Stargazer]

Sadly people are doing this continuously! About 2 days ago, TRON CEO Justin Sun just announced that good news is coming for the TRON and BTT and people got panic to buy and it made a 20% pump in TRX price! Where the news is yet to come! This is not the right procedure in trading! If someone follows this, he might get out with a big loss from the trade!

[nur rochid]

Sadly people are doing this continuously! About 2 days ago, TRON CEO Justin Sun just announced that good news is coming for the TRON and BTT and people got panic to buy and it made a 20% pump in TRX price! Where the news is yet to come! This is not the right procedure in trading! If someone follows this, he might get out with a big loss from the trade!

right, they usually take steps in panic and hurry, so that their common sense is covered by panic. I am sure there will be many who keep holding it when the pump price is 20%, so there will be a lot of losses

[A L I E N]

I agree with the author of this topic and for my trading experience I want to say that only 10-20% of news can affect the change in prices for cryptocurrencies and then it can even be a common coincidence, I recommend to follow the growth and decline of the exchange rate and put stop-loss!

It is very difficult to define this stop-loss when you are a beginner and do not understand what can happen next to the cryptocurrencies you have. Sometimes, the news turns to be helpful, especially for a newbie.

[JPSelzer]

No wonder traders pay attention to the news. They can really influence the crypto market. You just have to be able to tell the difference between news that has an impact and news that doesn't make any sense.

[Babyrica0226]

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.

News about in crypto was just a guidelines, but don't get believe too much in it. Perhaps, average is belief 50% only not 100% because not all news are purely 100% true of course before they publish it, they will edit first before their scoop be expose. Your priority belief in trading must always be base in your actual trading platform.

[bitzizzix]

Making news as additional information to accommodate all information obtained everywhere about positive market developments, and that will all help combine news or all information with a conscience.
so your conscience will make a choice, and do an analysis to make choices according to your heart and whatever the decision is for you and the news is only information that is not always accurate but will be a consideration.
I did the method, and the results were not in vain.

[Kiweikoo]

Maybe we all agree, one of the things that can affect prices is good news and bad news. However, it would be nice to combine with price action to be more accurate in making decisions.

Don’t follow news and other false discussion or analyses because it will always increase your chances of making wrong decisions. You will only be able to make useful decisions if you start following the price movement and the decision you make will be productive only if you do what you need to do. News are also a source of information which could be helpful but mostly you need to do things by yourself.

[Btc_1856]

People who are very much active trading will not bother about the updates because they will trade according to price fluctuation but for the people who are holding should bother much about the updates and developments. Even i am also holding many good coins in the market but majorly not bothering about the price movements.

[Questat]

No wonder traders pay attention to the news.

Because that could move the market, and traders speculate based on the news.
As a trader, since it can move the market, we also have to consider it, aside from our own TA.

They can really influence the crypto market. You just have to be able to tell the difference between news that has an impact and news that doesn't make any sense.

You need to be smart, evaluate the news and determine on how it should impact, as news sometimes could lead to the market being unvalued or overvalued.

[fauzan Ichsan]

People who are very much active trading will not bother about the updates because they will trade according to price fluctuation but for the people who are holding should bother much about the updates and developments. Even i am also holding many good coins in the market but majorly not bothering about the price movements.

indeed the effects of the news sometimes don't work on the market. I don't think it doesn't work, but rather the fundamentals. if we want to get profits quickly, I think daily trading is better and uses technical analysis

[Aivaryamal]

I have been dealing with cryptocurrencies for more than two years and I want to say that fundamental updates for the top digital currencies can well influence the price, now the market is being manipulated by big players and therefore it is necessary to carefully select projects in your portfolio

[wxa7115]

I agree with the premise in the OP, fundamental analysis has its place but we must remember that just because a stock should go up because its fundamentals say that it must, it does not necessarily mean that it will happen tomorrow, the market is full of distortions and we have seen some of them in the market of cryptocurrencies so when trading the only thing you should worry about is the price, that is the best indicator of what a coin or a stock is going to do next.

There are without a doubt other ways to trade other than this approach and you could get profits with it but that is the most simple and without a doubt one of the most profitable ways to trade the markets.

[Tungsten-1]

I have been dealing with cryptocurrencies for more than two years and I want to say that fundamental updates for the top digital currencies can well influence the price, now the market is being manipulated by big players and therefore it is necessary to carefully select projects in your portfolio

By following the price movement you will find it easy to make a decision because the major contributing and supportive factor is the price movement. It opens into two ways which enables you when to buy and when to sell for investors it is very important to consider. The downturns reflect bear market while up movement reflects bull market. False analyses will not let you make a right decision all the time.

[radjie]

Many a times news can play an important role to move to market both on positively and negatively. We should see the news source if the news source is perfect then price can drop for bad news and price can be up for good news.

but not all of them can be trusted with certainty because there are some fake news that pretend to be a trusted source to be able to make everyone panic so that the news is part of a fundamental strategy that could harm many

[bitzizzix]

Many a times news can play an important role to move to market both on positively and negatively. We should see the news source if the news source is perfect then price can drop for bad news and price can be up for good news.

but not all of them can be trusted with certainty because there are some fake news that pretend to be a trusted source to be able to make everyone panic so that the news is part of a fundamental strategy that could harm many

News only helps as a motivation but it is not necessarily proven, so it is better to trade according to market developments in analyzing and understanding charts in movements and following your heart.
there is also news that provides the right information and everything depends on you to select and evaluate accurate news.

[Natalim]

Why? The news was part from fundamental strategy, if we talk about the technical analysis we all know that the prediction it's from the chart & indicator but if the market have manipulation from the price all prediction from the technical analysis will be waste. To be honest, i really like fundamental news than techninal analysis.

I presume that the OP is pointing out that we shouldn't be drifted out in trading due to fake news  or FUDs which is quite common especially from rich investors that just merely make blind speculation without having an experience in crypto trading and treating it like it is the same as stock trading.

Rich investors usually are smart people, they are in trading to make money and they are risking big money, so I don't think they are not aware of this. FUD, hype, and similar things are here in the crypto world, they know that for sure and they cannot be victim with these kind of things.
Normally those who believe easy are small investors who came here expecting for big and quick profit.