Good ways to trade?

[sgenuine]

Hi I am new to crypto and wonder what are some of the best technical indicators to use for trading?

I studied a lot of indicators, but as you are a newbie, I would rather recommend MACD, RSI, Stochastic, Moving average. If you use all of them, it might be quite a working strategy. But if you use only two of them and you make money on it, suit yourself. You can make up your own strategy according to what you find easier and more comfortable for you.
By the way, one of the most comfortable platforms to use indicators and see charts in TradingView, so good luck!

[King Khaizan]

Create a trading strategy. We can describe a trading strategy as a broad plan in all your trading activities. A trading plan can also help reduce financial risk, as it can get rid of unnecessary decisions.

If something unexpected happens in the market (and it will), it's the trading plan that determines how you react – not your emotions.

In other words, having a trading plan prepares you for any eventuality, as well as prevents you from making hasty and impulsive decisions, which often lead to heavy financial losses.

[zachyboy090118]

Hi I am new to crypto and wonder what are some of the best technical indicators to use for trading?

Many factors to be considered to make your trading profitable and gaining.
Proper reviewing on the coins your bet to trade is very important. Observe the trend in the market and dont be greedy to your investment. For the starter, much better to invest or trade in small amount while you are starter in cryto. Lossing and gaining in crypto is always happen so just be consistent and focus always on your goal as a trader.

[Tomohisa]

I studied a lot of indicators, but as you are a newbie, I would rather recommend MACD, RSI, Stochastic, Moving average. If you use all of them, it might be quite a working strategy. But if you use only two of them and you make money on it, suit yourself. You can make up your own strategy according to what you find easier and more comfortable for you.
By the way, one of the most comfortable platforms to use indicators and see charts in TradingView, so good luck!

It no hurt to learn a few indicators so you can at least know what's going on. Yours recommends also good too. As long as you don't solely depend on indicators since the market is quite dynamic. Not everything can be used or fitted with indicators.

[concept2]

Buy low and sell high. Simple advice but it always works. You do not need to much knowledge to know when it is high and low. Take profit whenever you hit 10-30% profit depend on your desires and then prepare to buy when your coins decrease. Repeating those steps for several time and you will earn a huge amount of money from trading.

[andriarto]

Buy low and sell high. Simple advice but it always works. You do not need to much knowledge to know when it is high and low. Take profit whenever you hit 10-30% profit depend on your desires and then prepare to buy when your coins decrease. Repeating those steps for several time and you will earn a huge amount of money from trading.

it sounds easy, but when the price is low or high, it makes us always hesitate. but at least we can create a framework in the nearest support and resistance area, so that in that area we can sell or buy. I think this way will be very successful, and of course we must be able to let go if the market penetrates the support area, so that we can cut losses, so that our losses are not bigger. and we can start again by looking for support below it to buy back

[kidbounty]

Hi I am new to crypto and wonder what are some of the best technical indicators to use for trading?

RSI, Fibonacci and MA. with these 3 indicators alone is enough to make an analysis in the crypto market. You can see if the market has entered an over sold or bought situation by using the RSI. and Fibonacci to determine support and resistance points. while the moving average (MA) determines whether the trend will be bull or bear.

[michellee]

Buy low and sell high. Simple advice but it always works. You do not need to much knowledge to know when it is high and low. Take profit whenever you hit 10-30% profit depend on your desires and then prepare to buy when your coins decrease. Repeating those steps for several time and you will earn a huge amount of money from trading.

That is a simple strategy but needs the patient to do that because the price will not always increase so high so you need to wait for more. Maybe taking a lower percentage or 10-30% will be enough for new people, but you need to learn more to find out which coin can give you more profit. But do not expect to make a big profit every time you trade because the market will not predict and you need to be careful to decide.

[Matteorsini]

Hi I am new to crypto and wonder what are some of the best technical indicators to use for trading?

The important indicators in my opinion are

- Being undervalued but has high potential to rise
- A project with real utility.
- Not a buy-product of hype or meme.
- Continuous development
- Built by a wonderful team of professionals.
- Active discord/twitter community.

One coin which has all of these indicators is Stakenet and its native coin XSN.
Please check it out.

[Silberman]

Hi I am new to crypto and wonder what are some of the best technical indicators to use for trading?

If you are new to crypto and if you want to learn to trade then I would recommend you not to be in hurry and first learn the basics of cryptocurrencies and blockchains.
After that learn how demand and supply works. With that you should be able to understand how support and resistance works and apply it on charts.
Once you get to know about support and resistance you should be able to get started with trading.

To begin with you can start using indicators like RSI and MACD. With that get some experience on trading and after that you will be able to find out how to proceed further.

The recommendation that you are giving is very good, however when I see a newbie asking those kind of questions I worry because they're never going to follow your advice, they are desperate to begin to trade the markets and to try to earn money because they think it is going to be incredibly easy and that they're going to become rich in no time at all, but that is a mistake and then when they begin to trade they realize that it is way harder than what they thought and lose a great deal of their money because of it.

[milewilda]

For me good ways to trade is to look for undervalued coins that have potential to rise. When we only look at coins that everybody is talking about then there is not a lot of room for a price increase. In my opinion it is best to spread our money across many coins, so the chance to find the next big rally is much higher.

Not that really an ideal kind of suggestion since when you do talk about undervalued then it is something that is that hardest part of trading. Trading is never been easy since from the start.
Good ways to trade? Gain experience and explore yourself to be sustainable into the market. When you do make yourself to last long then thats considering that you are doing
pretty good and not all would really able to attain this in a very short span of time.

[RussianEnglishTranslation]

Hi I am new to crypto and wonder what are some of the best technical indicators to use for trading?

Most traders lose money trading, especially new traders. I suggest you consider staking cryptos like NEAR, Celo, and Ethereum instead.

[imstillthebest]

Hi I am new to crypto and wonder what are some of the best technical indicators to use for trading?

Most traders lose money trading, especially new traders. I suggest you consider staking cryptos like NEAR, Celo, and Ethereum instead.

i think op has some experience in trading because he is asking for indicators already but your suggestions are still fine .
he can diversify his funds not only in trading but also to staking or simply by holding a crypto because i believe that not all the times trading is profitable  .
 its better that we can earn in the other business that we have if we cant earn in the other one .

[Smitty Werben Man Jensen]

For me good ways to trade is to look for undervalued coins that have potential to rise. When we only look at coins that everybody is talking about then there is not a lot of room for a price increase. In my opinion it is best to spread our money across many coins, so the chance to find the next big rally is much higher.

Not that really an ideal kind of suggestion since when you do talk about undervalued then it is something that is that hardest part of trading. Trading is never been easy since from the start.
Good ways to trade? Gain experience and explore yourself to be sustainable into the market. When you do make yourself to last long then thats considering that you are doing
pretty good and not all would really able to attain this in a very short span of time.

Especially for beginners they must realize that trading is not an easy thing,
and when we do not have good preparation and capital we will easily lose money when trading,
That's why it's important to have knowledge and experience

[isaac_clarke22]

~

Bollinger Bands and RSI, OP.

That's one of the fundamental indicators I learned when I started day trading in Binance back in the days. It's not the best, but it should at least provide you the kick-off.
No worries about the exchange though, just feel free to choose whatever exchange you want.

[Melignya]

Hi, I'm also relatively new to the cryptocurrency industry, I can recommend an article, which at one time helped me understand a little bit of what's what in investments, good luck:) https://blockster.com/blockdesk/326_how-to-trade-cryptocurrencies-in-2021

[dhemasm]

Hi I am new to crypto and wonder what are some of the best technical indicators to use for trading?

I suppose you are already have some experience before on trading on Stocks? If so then i can suggest some advice, I'm not an expert though but there are some good Technical indicators on the crypto market since it's more volatile than Traditional markets, You can use RSI, Bollinger Bands, Moving Averages (MA) or MYC, I think you already familiar with that and i personally prefer RSI.

[MIner1448]

Hi I am new to crypto and wonder what are some of the best technical indicators to use for trading?

There are no specific indicators, you can constantly study charts, be an excellent analyst, but there is no single panacea for becoming a successful trader or investor.
There is a set of skills and abilities that comes with experience, I recommend starting with scalping and with a small amount, then experience will come, and I also advise you to always watch the news background about cryptocurrency.

[pawanjain]

Hi I am new to crypto and wonder what are some of the best technical indicators to use for trading?

If you are new to crypto and if you want to learn to trade then I would recommend you not to be in hurry and first learn the basics of cryptocurrencies and blockchains.
After that learn how demand and supply works. With that you should be able to understand how support and resistance works and apply it on charts.
Once you get to know about support and resistance you should be able to get started with trading.

To begin with you can start using indicators like RSI and MACD. With that get some experience on trading and after that you will be able to find out how to proceed further.

The recommendation that you are giving is very good, however when I see a newbie asking those kind of questions I worry because they're never going to follow your advice, they are desperate to begin to trade the markets and to try to earn money because they think it is going to be incredibly easy and that they're going to become rich in no time at all, but that is a mistake and then when they begin to trade they realize that it is way harder than what they thought and lose a great deal of their money because of it.

You are probably right that most newbies are into earning money quickly but I believe there are few others who actually want to learn the in depth procedure and are ready to take the tough path.
Whether or not the newbies follow our advice or not we should still try to give the best advice to them.
Sooner or later they realize their mistake and may be then they can follow the right approach.

[gurunanakji777]

I generally do not follow any indicator to trade but sometimes check support and resistance levels on the daily chart. You must know to read the sentiment of the market to trade and must have some basic and fundamental knowledge of the market. Every time is not good to trade whether it's a potential coin. You should be active and check the news about the cryptos on crypto-related sites that also impact the market to some extent but here in this forum, you can find many posts in the beginner and help tab section where you can study and gain knowledge. If you don't have knowledge you can buy and hold the top potential coins that will be less riskier.