Can any one suggest best indicator for trading?

[Serco]

Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers

before you know several indicators in your chart , better to learn and understand about price action and volume analisys. many indicators often give fake signal or atleast its least to warn us, but in price action analisys which is support and resistance be basic could warn us how market moved and its direction.

[crzy]

Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers

before you know several indicators in your chart , better to learn and understand about price action and volume analisys. many indicators often give fake signal or atleast its least to warn us, but in price action analisys which is support and resistance be basic could warn us how market moved and its direction.

You have to use many indicators for you to confirm if your analysis is correct and yes price and volume action is very important part of the chart some traders forget the importance of this two that's why most of them are losing money even if they are using the best indicators. You have to know the basic, and in trading that basic information is not easy as you think because you still need to spend time learning the basic. Now if you are willing to take the risk, you can start your trading journey now by reading books or watching youtube tutorial, you can learn a lot from them.

[Quidat]

Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers

before you know several indicators in your chart , better to learn and understand about price action and volume analisys. many indicators often give fake signal or atleast its least to warn us, but in price action analisys which is support and resistance be basic could warn us how market moved and its direction.

Dont say that indicators were fake because market is never been predictable where its just normal that no matter what indicators you've been using
there would always a chance for those to miss out or not would really be accurate and you should be aware with that and also price action isnt something
that can be handled by someone who had just been recently learning on the market. Go with the basic first where you should know at least on where
those supports and possible resistances are and make out position and never forget to set some stop loss and take profit when its necessary.

[boumalo]

At the end of the day, you have to find a winning strategy. An indicator is a tool, it does not guarantee profits. Let's always keep in mind, it is extremely difficult to beat the market.

[Serco]

Guys i am new to trading. Can any one suggest best trading indicator for free? Also any other trading tip for beginers

before you know several indicators in your chart , better to learn and understand about price action and volume analisys. many indicators often give fake signal or atleast its least to warn us, but in price action analisys which is support and resistance be basic could warn us how market moved and its direction.

Dont say that indicators were fake because market is never been predictable where its just normal that no matter what indicators you've been using
there would always a chance for those to miss out or not would really be accurate and you should be aware with that and also price action isnt something
that can be handled by someone who had just been recently learning on the market. Go with the basic first where you should know at least on where
those supports and possible resistances are and make out position and never forget to set some stop loss and take profit when its necessary.

market could predicted with the possibility role. if crypto market could not predicted , what about analisys from finance instituition or personal traders that said bitcoin price will hit 20k or 50k in this year. prediction will always make but its depend on probability rate. we have many tools in our trading market and we use it to analize price but all of this back to the basic. if we dont have basic skill, this tools will be useless.

[AakZaki]

Yes, of course it takes hard work and certainly don't give up easily to learn it again,
other than that we cannot directly use indicators and we need to study them more deeply in order to understand how to use them,
anyway don't forget basic knowledge because it's important and will help too

Many novice traders rely solely on indicators they have just discovered without deepening the basics of trading. They will only get lost in not knowing the use of indicators. In tradingview, there are many indicators to choose from.
Continue to learn and hone skills is the main advice before trading seriously. The indicator only makes it easier to read the market, profit and loss depends on how you can take advantage of every moment. Don't be too greedy and practice psychology is also very important.

[Shasha80]

Yes, of course it takes hard work and certainly don't give up easily to learn it again,
other than that we cannot directly use indicators and we need to study them more deeply in order to understand how to use them,
anyway don't forget basic knowledge because it's important and will help too

Many novice traders rely solely on indicators they have just discovered without deepening the basics of trading. They will only get lost in not knowing the use of indicators. In tradingview, there are many indicators to choose from.
Continue to learn and hone skills is the main advice before trading seriously. The indicator only makes it easier to read the market, profit and loss depends on how you can take advantage of every moment. Don't be too greedy and practice psychology is also very important.

I agree that indicators are not a guarantee that we will succeed in getting a profit in trading, but indicators only make it easier for us to read
market movements. Other things are needed such as risk management and controlling emotions to be able to make the right decisions when trading.
Then don't forget experience is also an important factor in order to avoid mistakes in trading. So a lot of factors that we have to combine,
in order to maximize profit when trading.

[Maslate]

I agree that indicators are not a guarantee that we will succeed in getting a profit in trading, but indicators only make it easier for us to read
market movements. Other things are needed such as risk management and controlling emotions to be able to make the right decisions when trading.
Then don't forget experience is also an important factor in order to avoid mistakes in trading. So a lot of factors that we have to combine,
in order to maximize profit when trading.

But if you can really manage to use it, the chance is higher than those who know nothing.
Even though it guarantees nothing, however, it is a big help when creating our TA's which gives us more advantage. But of course, it seems to be hopeless when we are emotional traders as this thing could just be ignored as our mind has been controlled by our emotions.

[aditasetia123]

back to basic be an obligation for each traders, focus on how market moved and research about buyer seller power that represented in candle form. indicators only tools to help analizing market , but before use it we have to understand price action. combination between indicators and price action will be great trading system and able to generate profits continuesly.

[Sled]

back to basic be an obligation for each traders, focus on how market moved and research about buyer seller power that represented in candle form. indicators only tools to help analizing market , but before use it we have to understand price action. combination between indicators and price action will be great trading system and able to generate profits continuesly.

It is very important, it is useless to just rely on these indicators. Honestly, this might only be the reason for our losses.
Candlestick reading, checking on the trade volume, it was enough for me...the rest are just optional. To have TA's is very important in trading, even though it wasn't accurate but at least, we have some basis of our trade rather than to have nothing.

This to know that trading is not easy, it was a big opposite saying that we can generate profit so fast.

[Shasha80]

I agree that indicators are not a guarantee that we will succeed in getting a profit in trading, but indicators only make it easier for us to read
market movements. Other things are needed such as risk management and controlling emotions to be able to make the right decisions when trading.
Then don't forget experience is also an important factor in order to avoid mistakes in trading. So a lot of factors that we have to combine,
in order to maximize profit when trading.

But if you can really manage to use it, the chance is higher than those who know nothing.
Even though it guarantees nothing, however, it is a big help when creating our TA's which gives us more advantage. But of course, it seems to be hopeless when we are emotional traders as this thing could just be ignored as our mind has been controlled by our emotions.

This is why I always say trading is not as easy as we imagine, because no matter how good the results of the analysis we do,  there is still
the possibility that we will fail. But as you said doing technical analysis can give us an advantage, rather than we trading just relying on
intuition and luck. With the technical analysis that we do, our chances of getting a profit are much greater, therefore we have to do technical
analysis even though it does not guarantee we will get a profit.

[boumalo]

I agree that indicators are not a guarantee that we will succeed in getting a profit in trading, but indicators only make it easier for us to read
market movements. Other things are needed such as risk management and controlling emotions to be able to make the right decisions when trading.
Then don't forget experience is also an important factor in order to avoid mistakes in trading. So a lot of factors that we have to combine,
in order to maximize profit when trading.

But if you can really manage to use it, the chance is higher than those who know nothing.
Even though it guarantees nothing, however, it is a big help when creating our TA's which gives us more advantage. But of course, it seems to be hopeless when we are emotional traders as this thing could just be ignored as our mind has been controlled by our emotions.

This is why I always say trading is not as easy as we imagine, because no matter how good the results of the analysis we do,  there is still
the possibility that we will fail. But as you said doing technical analysis can give us an advantage, rather than we trading just relying on
intuition and luck. With the technical analysis that we do, our chances of getting a profit are much greater, therefore we have to do technical
analysis even though it does not guarantee we will get a profit.

In order to know if a trader is profitable, you have to wait quarters and years bc luck plays a big role.

It's easy to think you are a genius bc you were lucky, and even if you were wrong, you can tell yourself you knew it was going in the other direction

[kapalmabur]

I agree that indicators are not a guarantee that we will succeed in getting a profit in trading, but indicators only make it easier for us to read
market movements. Other things are needed such as risk management and controlling emotions to be able to make the right decisions when trading.
Then don't forget experience is also an important factor in order to avoid mistakes in trading. So a lot of factors that we have to combine,
in order to maximize profit when trading.

But if you can really manage to use it, the chance is higher than those who know nothing.
Even though it guarantees nothing, however, it is a big help when creating our TA's which gives us more advantage. But of course, it seems to be hopeless when we are emotional traders as this thing could just be ignored as our mind has been controlled by our emotions.

This is why I always say trading is not as easy as we imagine, because no matter how good the results of the analysis we do,  there is still
the possibility that we will fail. But as you said doing technical analysis can give us an advantage, rather than we trading just relying on
intuition and luck. With the technical analysis that we do, our chances of getting a profit are much greater, therefore we have to do technical
analysis even though it does not guarantee we will get a profit.

Yes, I agree with you and what is certain is that by doing an analysis, it does not mean that we can guarantee that we will get a profit.
but even so doing analysis is still useful so that in trading we don't make decisions without consideration,
Of course, it's very risky to decide something from scratch and it could bring us closer to loss

[aditasetia123]

back to basic be an obligation for each traders, focus on how market moved and research about buyer seller power that represented in candle form. indicators only tools to help analizing market , but before use it we have to understand price action. combination between indicators and price action will be great trading system and able to generate profits continuesly.

It is very important, it is useless to just rely on these indicators. Honestly, this might only be the reason for our losses.
Candlestick reading, checking on the trade volume, it was enough for me...the rest are just optional. To have TA's is very important in trading, even though it wasn't accurate but at least, we have some basis of our trade rather than to have nothing.

This to know that trading is not easy, it was a big opposite saying that we can generate profit so fast.

that's technique actually very great when we understand candlestick form , price action or support and resistance. market moved based on this basic knowledge and indicators actually follow this , but looks like most of traders read indicators as first signal not the price action. technical analisys eventhough havn't 100% accuracy but atleast we could determine the lowest risk level to gain maximum profits.

[CapGelatik]

back to basic be an obligation for each traders, focus on how market moved and research about buyer seller power that represented in candle form. indicators only tools to help analizing market , but before use it we have to understand price action. combination between indicators and price action will be great trading system and able to generate profits continuesly.

It is very important, it is useless to just rely on these indicators. Honestly, this might only be the reason for our losses.
Candlestick reading, checking on the trade volume, it was enough for me...the rest are just optional. To have TA's is very important in trading, even though it wasn't accurate but at least, we have some basis of our trade rather than to have nothing.

This to know that trading is not easy, it was a big opposite saying that we can generate profit so fast.

that's technique actually very great when we understand candlestick form , price action or support and resistance. market moved based on this basic knowledge and indicators actually follow this , but looks like most of traders read indicators as first signal not the price action. technical analisys eventhough havn't 100% accuracy but atleast we could determine the lowest risk level to gain maximum profits.

sometimes there are people who do not believe in trading indicators, and only buy and sell in their own way,
of course this is not worth emulating, and the most difficult way in trading indicators is to read candlesticks,
and it takes quite a long time to understand, oh ya for note, dont follow fomo and fud when trading.

[zanezane]

I don't know if it can help with you looking for an indicator but I think that you can use Google News or any news channel focused on crypto and set some reminders on their news, their headlines are useful to see if it can be a positive effect for the market or not.

[Kez1817]

I think much better to learn the graph and price movement first, then get some experience in trading rather than looking for any trading indicator which is not accurate and will lead you to get loses. Knowledge and experience is the best tool you can use in trading. It will give you more profit than loses. Try to learn and analyse both the technical and fundamental analysis in trading.

[Peanutswar]

Previously I shared content here which is the use of the MACD or the Moving Average Convergence Divergence you can check it out here if you have time.

https://bitcointalk.org/index.php?topic=5255303

By touching the line you can get a signal for the upcoming reversal trend. With the use of the RSI and Volume, you can see a guide for the next price doing dip or going pump.

[LUCKMCFLY]

back to basic be an obligation for each traders, focus on how market moved and research about buyer seller power that represented in candle form. indicators only tools to help analizing market , but before use it we have to understand price action. combination between indicators and price action will be great trading system and able to generate profits continuesly.

In the same way, I think that, in fact, by analyzing all the possible scenarios and the reason for the movements, you can try to understand the market, having a clarity of it, at once you will have an idea of the commercial decision to take, in that When you have the direction to follow, it is best to go in the direction of least resistance, at that moment is that a good technical analysis is done and I think that the traditional is enough, for example to draw a trend, establish some kind of tool such as Elliot wave lines, which can be established to be able to place stop-loss, take profit, among others.

Normally my style of trading is following the teachings learned in Jesse Livermore's books, he always established his strategies long before reading trading news so that they would not interfere with his analysis.

[wxa7115]

At the end of the day, you have to find a winning strategy. An indicator is a tool, it does not guarantee profits. Let's always keep in mind, it is extremely difficult to beat the market.

Most of the time people do not even bother with this, they believe that using an indicator is enough to produce profits and we only need to see the title of this thread to know this is the truth.

Those that actually want to beat the markets need to create a full strategy that covers every single circumstance in which they could find themselves in and this means knowing what to do when your prediction is wrong, what to do when you are right, how to deal when you just sold your coins and then the price goes up against your prediction as soon as you sold, what to do about whipsaws, acquire money management skills, how to use a stop loss and many more skills that you need just to have a chance of being profitable.