Which type of trading you think is good?

[Yatsan]

What the OP have stated are not trading types or methods but rather are factors affecting why a certain trader can do decision making on what he would preferably do to his trades that will be dependent on those two factors namely technical analysis which is monitoring the price behavior based on the price chart and data analysis stated on the chart. On the other hand, world news and crypto news is another factor to help traders do decide if it would worth to get into trading with such crypto knowing the existential of news that might affect the pricing of that certain coin. For me nothing is more important or much better for those two can be both useful and a basis for doing trades because those serves as guidelines to help traders achieve betterment aside from relying on guts what could possibly happen on his trades.

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[harizen]

I'm not going with existing theory. I have categorized trading as follows-
1. Based on technical analysis
2. Based on event news

Relying on technical analysis or news is one of the factors in making a strategy, not an actual type of trading. You can combine these with other factors such as reading speculations, community-based hypes, and many more.

Why not try referring to both? Once you see news, see how it impacts the charts. From there make several speculations of what will happen.

Since the price is unpredictable and volatile, you really need to test what factors will be useful to you and see the result by yourself. A sort of trial and error while applying your own strategy.

[haciandaklub]

I think a combination of different technical indicators and technical analysis definitely works if you want to make consistent returns in the market.

[TheGreatPython]

I'm not going with existing theory. I have categorized trading as follows-
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?

Doesn’t the both of them go together? Since the market is volatile, and some events or situations that takes place sometimes happen unexpectedly and when they happen they can affect the market and lead it to another direction. We can take the covid19 as an example, when the pandemic started I don’t think you needed technical analysis to tell you that the market was going to fall.

Once you have heard and seen what’s happening on the news, as someone who understands the basic of economics, your mind already told you that the market will crash. The both things you have mentioned has to be applied, you need to be updating yourself with the news and also doing technical analysis. It’s all important.

[ReiMomo]

I have a small correction in your title thread, it should be talking about the trading strategies.

The best if you will apply both of them, you cant proceed to technical analysis if you don't have these news events that I guess have also an effect on the bitcoin price. Sometimes we need to listen to the news like hacking or scam events like a big exchange, which I guess will cause of price downtrend. Both of them will work together as one, just like joining one force that means your prediction is more likely accurate to the possible outcome.

[Bezobraznike]

I have a small correction in your title thread, it should be talking about the trading strategies.

The best if you will apply both of them, you cant proceed to technical analysis if you don't have these news events that I guess have also an effect on the bitcoin price. Sometimes we need to listen to the news like hacking or scam events like a big exchange, which I guess will cause of price downtrend. Both of them will work together as one, just like joining one force that means your prediction is more likely accurate to the possible outcome.

   ReiMomo your correction is right, it's more strategy that types, and I agree with
you that he should combine different strategies if he wish to maximize his chances
for making profit. There isn't a perfect strategy for long-term, it's why people
invent new techniques, looking for a new approach, and all other things that can
help in trading. Following current news about crypto-currencies can help, but I
believe more in charts than in news.

[Savemore]

I'm a trader who using both technicals and fundamentals, I use it both because I know that both of the analysis is important and it can give me legit information that I can use to make profit and avoid huge losses in the market. I'm a news driven but before I make a decision I first checking the chart where I use technical analysis in order for me to know the best time to buy and sell. There are people who use technical analysis alone, there are some who use fundamental analysis alone and there are some like me who combine both but it is not important on what kind of analysis that you are keep using because at the end of the day, the most important thing is still if we are gaining profit  on the kind of the analysis that we are using. If you are not good in fundamental analysis then switch in to technical, and also in vice versa.

[beerlover]

Trading is not good at all to me, not any type of it, all of them are bad because first of all I am not good at it, secondly I get bored easily so I can't do something consistently. Trading requires you to be active and constantly be there, I can't deal with all the ups and downs and all the moves I have to make and all the charts I have to read, it is both a lot of work to do just for one trade but also you have to do it again for the next trade and lets say I do that for a week, for a month even for a year, if I stop I stop making money and that is the end of it.

However investing is not like that, I just put my money there and I forget about it, I literally have to do nothing about it, my job is over the moment I put my money into bitcoin, that is why I love the irresponsibility of it.

[ScamViruS]

I think if you trade based on these two, you will get good results. If you believe in any one of them, you may not get good results if you trade. The price of assets in the market changes every moment, so it is difficult to stick with a strategy here.

Because if you are a day trader then there is no guarantee that you will be able to profit with TA or Event news. So I think if the two systems trade together, good results can come. Professional traders never trade with only one strategy. They always change their strategy depending on the situation. So you have to change your strategy to keep pace with the situation.

[South Park]

I'm not going with existing theory. I have categorized trading as follows-
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?

This has been asked several times in the forum and the answer is always the same, you should use the technique that brings you profits, trading while using technical analysis can be extremely complex the more indicators you add but there are many traders out there using only one and they still obtain good profits, trading with fundamental analysis or events as you call it requires that you invest in a coin before the event itself happens otherwise by the time you invest in it the event most likely will be already priced in the asset.

[MCobian]

I am a trader who believes in the type of trading based on technical analysis, because some of the news that is currently spread is some fakes.
So if you are trading based on event news, the risk is much greater. If we trade relying on technical analysis, usually the result is more satisfying.
Because in my opinion, it is very important to be a successful trader, good technical analysis skills are needed.

[Quidat]

I am a trader who believes in the type of trading based on technical analysis, because some of the news that is currently spread is some fakes.
So if you are trading based on event news, the risk is much greater. If we trade relying on technical analysis, usually the result is more satisfying.
Because in my opinion, it is very important to be a successful trader, good technical analysis skills are needed.

I wont disagree into your point yet its actually true that there are news which are fake thats why as part of your investment steps then verification will always come next in line.So that you would know
neither you would make a step or not knowing if the said news is totally legit or fake.Also we cant just hear up news from time to time this is why people do end up on using technicals into their
trading analysis neither they do trade actively or just simply on trending style.It doesnt matter on what type of trading you are into as long it can benefit you out then that one will surely be counted.
Neither you do make use of one of them or doing both if you do have the opportunity.

[Helpme_please]

I'm not going with existing theory. I have categorized trading as follows-
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?

i do both of that. in technical analisys i will find best place to put my order and by fundamental analisys i know what trigger will support price movement from my entry point. combining technical and fundamental will give us valid signal and have less risk if we do it correctly.

[Salauddin1994]

In order to trade as technology improves you need to improve yourself. If you don't try to stay updated all the time the chances of loss will be higher. Any kind of trading is good to verify it yourself the more experience you have about trading the better for you. I think it is better to trade during the day so that you can stay active in the market all the time and be aware of the prices of currencies that are much easier to know new information. Usually determines their trade at the beginning of the day and then ends the day with profit or loss. These types of traders do not determine their trades overnight.

[yhiaali3]

I am also not much expert in technical analysis, so I prefer to rely on the second method, the "event news" method, whereby by tracking news of some coins, you can expect whether their price will rise or fall. Although the prediction in this way is not 100% accurate, you may be lucky many times if you know how to read the news well.
Of course, there are other methods other than this and it is not necessary to rely on one method in trading, but you can choose the method that suits you every time according to different circumstances, and it is also possible to combine several methods together.

[michellee]

Some traders use the news to trade because they find that some action will happen in the market related to that news if the news release. But that can not be a guide because we know that many news created to make a panic to the traders, so they use the short way to save their money from the big loss. Maybe besides using the news as the analysis, we need to learn about technical analysis, so we can have two methods, which will help us analyze better to find what happens to the coins.

That will give a chance to improve our skills if we have both method analysis to get the right time to enter the market to buy the coin at a low price.

[justdimin]

The one you know obviously, the more you know the more you can do, if you think there is a set configure that could help you with making money you are very wrong, I am sure that people actually think like that, there is some sort of quick way of making money, do this type of trading or do this type and you will definitely make money! Well that doesn't exist, you can't make money that way, you are going to end up losing money.

This is why I agree that people should actually focus on learning, learn whatever you want and learn how to do it however you want and that is why I want to make sure that you know what you are doing, if you know what you are doing you are going to profit from it, that is why just study your things and whatever it is as long as you do it well you will profit.

[AakZaki]

The type of trade that is my priority is the type of trading based on technical analysis. Because technical analysis is a method that is able to predict the direction of future price movements by studying price data on the market in the previous period that has been formed on the chart. technical analysis is more difficult than fundamentals. But technical analysis must be learned to read market movements so you will know where the market price is moving.

[dunfida]

The one you know obviously, the more you know the more you can do, if you think there is a set configure that could help you with making money you are very wrong, I am sure that people actually think like that, there is some sort of quick way of making money, do this type of trading or do this type and you will definitely make money! Well that doesn't exist, you can't make money that way, you are going to end up losing money.

This is why I agree that people should actually focus on learning, learn whatever you want and learn how to do it however you want and that is why I want to make sure that you know what you are doing, if you know what you are doing you are going to profit from it, that is why just study your things and whatever it is as long as you do it well you will profit.

Sad reality but this is what happening on most people who do tend to make up trades for the first time on where they do hurry to learn up things and even jump to the battlefield without any sufficient
knowledge or even knowing the basics which would really result into a 100% loss and they do realize that they had done the wrong stuff.Trading cant really be learn overnight and this would really be
a pile of trial and error and we know that there are several ways on being a trader and you cant just have to learn it all but rather focus into a path or way on which you are comfortable into neither
you would be a long term or a short-term kind of trader and you do really need to find out on which one works the most on your part.

[bearexin]

Types of trading I know, they are about five of them: momentum, scalping, position trading, day trading, and swing trading, and they all require that you know technical analysis. So, saying technical analysis is a type of trading is wrong, technical analysis is necessary, if you don’t know technical analysis you are not yet a trader. As for the news, they do have effect on the market as well, in fact the two things you have mentioned here are just things that are necessary to be a trader, you have to be current with the news and also know technical analysis.

Day trading is the type of trading where you’re taking profit every day, scalping is taking small profits repeatedly, momentum is like following coins that are trending, swing is a short term trend where you target a trend and invest , and lastly position traders can hold for a month or week. To do all these thing you need to know T.A.