Are trading platforms useful?

[SOCAR]

Recently, my friend asked me to advise him on platforms that would help newbies to the crypto to start trading and not go at a loss. I haven't worked with such tools and this question baffled me. I started googling and came across several similar projects that help beginners in trading. Among them, the most attractive was the platform from Newscripto. After registration, I was provided with a set of tools that would suit users of any level, regardless of their knowledge. Surprised by the automatic charting tools that help beginners understand the basics of technical analysis, to advanced proprietary indicators for experienced traders. I think it will be much easier for my friend to get involved with this platform, and, to be honest, I think it will be useful for me to use its functions sometimes. Have you used the platform from Newscripto and what do you think about the platform assistants in crypto trading?

[JeromeTash]

You mean newscrypto?

I am a little familiar with the platform. I came across it sometime back where they had a trading competition among trader and top traders would win prizes. To be honest, you can't trade all your life without making any losses. Even professional and experienced traders make losses once in a while.

I don't like anything to do with automation until I first learn about all the basics of trading plus experiencing it. Without knowledge about trading, you won't be able to come up with good trading strategies and automate them.

[passwordnow]

I haven't. Introducing someone to the crypto market is quite hard if you're going to introduce him with those tools as the start. I think it's always best to go the manual method of telling him how to trade manually before using those tools that have been given to you by that platform. There's tradingview which is a good start to help him with charting. Because if there will be a lot of tools as you've mentioned will be shown to him, I think it will just make things complicate as he's still a beginner.

[TimeTeller]

You mean newscrypto?

I am a little familiar with the platform. I came across it sometime back where they had a trading competition among trader and top traders would win prizes. To be honest, you can't trade all your life without making any losses. Even professional and experienced traders make losses once in a while.

I don't like anything to do with automation until I first learn about all the basics of trading plus experiencing it. Without knowledge about trading, you won't be able to come up with good trading strategies and automate them.

I do agree, it is better to learn the basics first before exploring the automation part of trading.
Learning on your own will give you good grasp of how crypto trading is.
And it will help you in this trading journey. If you are planning to be here long time.
It is in your best interest to learn the ropes, while you still can.

[BitMaxz]

I don't ever hear about newscrypto before and I don't think it would be useful and help you with trading. What I think is it is another tool to give some charts with their own analysis like signals. Since they have control of this tool they can give you some false analysis and signals that could lead to a loss in trading.

If you want your friend to learn about trading you shouldn't recommend that tool my advice, tell your friend to use some trading simulators to test some trading skills and strategies before you go to the real trading.

But before you go to use trading simulator better start reading this link below
- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading

And then read the TA and FA guides there once you learn or your friend then apply your ideas and strategies to demo or trading simulators you can find the list of them on that link and other trading tools for free.
It's the best thing than just copying other strategies and analysis which you don't know if it is a good analysis or they use you just to get benefits on their own.

[goinmerry]

Recently, my friend asked me to advise him on platforms that would help newbies to the crypto to start trading and not go at a loss. I haven't worked with such tools and this question baffled me. I started googling and came across several similar projects that help beginners in trading. Among them, the most attractive was the platform from Newscripto. After registration, I was provided with a set of tools that would suit users of any level, regardless of their knowledge. Surprised by the automatic charting tools that help beginners understand the basics of technical analysis, to advanced proprietary indicators for experienced traders. I think it will be much easier for my friend to get involved with this platform, and, to be honest, I think it will be useful for me to use its functions sometimes. Have you used the platform from Newscripto and what do you think about the platform assistants in crypto trading?

Any platform will do as long as there's no money involved like a subscription because you are still in the learning phase.

Long story short, are they useful? Yes. they are but still, it depends on how you understand what you are doing. Those tools will help you but the final touch will be yours. Good luck using that platform and honestly that's the first time I heard it here.

[Yamifoud]

Recently, my friend asked me to advise him on platforms that would help newbies to the crypto to start trading and not go at a loss. I haven't worked with such tools and this question baffled me. I started googling and came across several similar projects that help beginners in trading. Among them, the most attractive was the platform from Newscripto. After registration, I was provided with a set of tools that would suit users of any level, regardless of their knowledge. Surprised by the automatic charting tools that help beginners understand the basics of technical analysis, to advanced proprietary indicators for experienced traders. I think it will be much easier for my friend to get involved with this platform, and, to be honest, I think it will be useful for me to use its functions sometimes. Have you used the platform from Newscripto and what do you think about the platform assistants in crypto trading?

If you haven't known yet about crypto and have no knowledge about trading, better not to give him/them advice as it will only lead to blaming aside and misunderstanding. It was good to encourage him to look at his own as you can never give a piece of good advice as well. Think that you both are still learning and that was really difficult to ask a person who also doesn't know or no-how about what they are doing.

Newscripto or Newscrypto...I even don't know about it. I suggest reading more and understanding what you've read. But it was good to mentor someone that can be trusted for some guidance.

[Cling18]

I haven't. Introducing someone to the crypto market is quite hard if you're going to introduce him with those tools as the start. I think it's always best to go the manual method of telling him how to trade manually before using those tools that have been given to you by that platform. There's tradingview which is a good start to help him with charting. Because if there will be a lot of tools as you've mentioned will be shown to him, I think it will just make things complicate as he's still a beginner.

I certainly agree with you. Suggesting a platform that offers trading tutorials wouldn't be enough. Since you open and shared things about trading with your friend, it would be more helpful to explain the risks as well as the basics and the things that he has to learn because, to be honest, trading is a long process of learning and there are also lots of things to be considered first.

[Wexnident]

I'm pretty sure most trading platforms provide the same thing, some even have a lot more features plus blog posts that introduce each feature with beginner-friendly advice and explanations. Plus, there's a lot more to learning about trading rather than just a trading platform, a site for your news sources, finding trends, etc, is still needed.

Haven't heard of what site OP was saying, and I don't think I'd ever actually try it tbh. Though rather than trading platforms as an intro to trading, tell your friend to try out virtual trading instead and start playing around with the stuff he knows, or even if he doesn't, at least he can familiarize himself with what actually happens when trading.

[Ararbermas]

Recently, my friend asked me to advise him on platforms that would help newbies to the crypto to start trading and not go at a loss. I haven't worked with such tools and this question baffled me. I started googling and came across several similar projects that help beginners in trading. Among them, the most attractive was the platform from Newscripto. After registration, I was provided with a set of tools that would suit users of any level, regardless of their knowledge. Surprised by the automatic charting tools that help beginners understand the basics of technical analysis, to advanced proprietary indicators for experienced traders. I think it will be much easier for my friend to get involved with this platform, and, to be honest, I think it will be useful for me to use its functions sometimes. Have you used the platform from Newscripto and what do you think about the platform assistants in crypto trading?

I'm not familiar with that platform but it's a good choice for newbies, atleast you can really experience and obtain knowledge how trading really works, and base on my research they offer FREE COURSE which is good than creating a demo account and making research on your own.. So i can say that platform is definitely a useful way to practice your skills and to have a better experience when it comes learning trading..

[Victorycoin]

Trading platform is a good choice for beginners the main difference is that there is a need for a more thorough examination of the market operating equipment and the development of the majority asset market and currency processes happening. It is very important not only to catch the changes in the market, but also to take advantage of them in time the process of entering the market helps to learn a trading strategy accompanied by deposits due to the difference between the purchase price and the sale of an asset that can create additional benefits in development.

[bamb]

I haven't used newscrypto myself but your description of the services it offers gives me an insight of what the platform might look like.  There is nothing wrong in using automation for trading experience. I think newbies will find it useful if they were guided every step in learning what Cryptocurrency and technical analysis of trading is all about. I will recommend the platform for some of my new friends in Cryptocurrency!

[gabbie2010]

Recently, my friend asked me to advise him on platforms that would help newbies to the crypto to start trading and not go at a loss. I haven't worked with such tools and this question baffled me. I started googling and came across several similar projects that help beginners in trading. Among them, the most attractive was the platform from Newscripto. After registration, I was provided with a set of tools that would suit users of any level, regardless of their knowledge. Surprised by the automatic charting tools that help beginners understand the basics of technical analysis, to advanced proprietary indicators for experienced traders. I think it will be much easier for my friend to get involved with this platform, and, to be honest, I think it will be useful for me to use its functions sometimes. Have you used the platform from Newscripto and what do you think about the platform assistants in crypto trading?

I started with MT4 platform as a newbie then both android and PC version, it had been very helpful, it enabled me to get accustomed on how to add indicators and setting up  a chart, it is easier to start with a more friendly platform than a complex one just like the one you mentioned ( Newscripto) though I had never use it before, tradingview is another newbie friendly platform with lots of custom indicators that can assist a trader to earn profits consistently depending on how it is being used and has a friendly user interface.

[dothebeats]

It can only help you so much, as its tips are not exhaustive and there are scenarios wherein it is not covered on its tutorials. Nevertheless, it is a great tool as it helps you get off your feet and start reading some charts to aid you in your future trading endeavors. I've heard of newscrypto but don't want to try it as I already knew most of what they offer in there, but it is recommended for newbies to get as much as information as they can so that they will have an easier time dealing with things involving crypto.

[cheezcarls]

First and foremost, Newscrypto isn’t a trading platform.

It’s a platform with an all-in-one trading tools for technical analysis, price predictions, correlation, etc. I personally love Newscrypto because it’s a time saver for me to easily determine the current support and resistance lines by it’s Moonlines tool due to it’s AI integration. Plus they have a school, academy and unchained education section as well for you to learn more about trading. Newscrypto has both basic (free) and pro (paid) memberships. The advantages of pro membership (monthly subscription) is that you can get access to more premium and advanced trading tools and features.

On top of that, they have a weekly contest for the community regarding price predictions and the Doodle Pump game via mobile app where the top 5 will be getting rewards in NWC tokens.

[Coin_trader]

You mean newscrypto?

I am a little familiar with the platform. I came across it sometime back where they had a trading competition among trader and top traders would win prizes. To be honest, you can't trade all your life without making any losses. Even professional and experienced traders make losses once in a while.

I don't like anything to do with automation until I first learn about all the basics of trading plus experiencing it. Without knowledge about trading, you won't be able to come up with good trading strategies and automate them.

I do agree, it is better to learn the basics first before exploring the automation part of trading.
Learning on your own will give you good grasp of how crypto trading is.
And it will help you in this trading journey. If you are planning to be here long time.
It is in your best interest to learn the ropes, while you still can.

Actually if you visit Newscrypto.com, It's a website like tradingview but has an additional feature of educational section dedicated for newbie traders. The automated part that mention by OP is not for trading but rather an automatic charting tools to help newbie how to use indicators. The OP just didn't explain it well as he maybe didn't try it or he didn't have experience on trading.

[AicecreaME]

Sorry to tell you this but lossing money in trading is unavoidable, it is a package, you will lose money and earn money at the same time, not every time you trade is Christmas. Also, the automatic charting you've said that could help a beginner is not gonna help at all, I meant it is better if they will do it themselves by watching tutorials on youtube. Also, beginners will lose their money at first depends on how much they could absorb in the first try.

It's all about how fast you could cope up on trading to become profitable. You need to find your own indicators that suits your style in trading.

[Hippocrypto]

Recently, my friend asked me to advise him on platforms that would help newbies to the crypto to start trading and not go at a loss. I haven't worked with such tools and this question baffled me. I started googling and came across several similar projects that help beginners in trading. Among them, the most attractive was the platform from Newscripto. After registration, I was provided with a set of tools that would suit users of any level, regardless of their knowledge. Surprised by the automatic charting tools that help beginners understand the basics of technical analysis, to advanced proprietary indicators for experienced traders. I think it will be much easier for my friend to get involved with this platform, and, to be honest, I think it will be useful for me to use its functions sometimes. Have you used the platform from Newscripto and what do you think about the platform assistants in crypto trading?

Im pretty sure it can possibly help newbies because all platform is useful as long as it is good to use. Most trading platforms provide the same thing, but, there's one thing you must also know, losing money in trading is unavoidable, it is a package where you will lose and earn at the same time. There maybe a lot of tutorials on YouTube but I guess you will understand everything once an expert will the one gives you an advice about it. Im not an expert but I guess, it's all about how fast you understand and cope up on trading to become profitable. You need to find a strategy that will be suits your style in trading.

[palle11]

It's all about how fast you could cope up on trading to become profitable. You need to find your own indicators that suits your style in trading.

It comes to passion you have for the business of trading. Yes if no passion then success rate will be limited and poor but a passionate trader tries to understand his pattern, strategy and market movement. No strategy is perfect for avoiding of losses but a winning of 80% success rate is good to follow. Many traders have no passion for it but they like the profit part. It is a business for passionate people and not for people who rely on trading platforms because no platform can give a 100% winning rate.

[sheenshane]

It's all about how fast you could cope up on trading to become profitable. You need to find your own indicators that suits your style in trading.

It comes to passion you have for the business of trading. Yes if no passion then success rate will be limited and poor but a passionate trader tries to understand his pattern, strategy and market movement. No strategy is perfect for avoiding of losses but a winning of 80% success rate is good to follow. Many traders have no passion for it but they like the profit part. It is a business for passionate people and not for people who rely on trading platforms because no platform can give a 100% winning rate.

I tend to agree but that there's no trading platform that could give a 100% winning rate, it's our skills and strategies that are used.
The advantage of picking a good trading platform is that you made your trading activity very smooth if it's high volume exchange.

Each trading platform has different features that you may like, just like Etoro exchange where newbies can do copy trading which is good for newbie who starts learning and exploring trading.  It has a mixed feature of stocks, forex, commodities, or cryptocurrencies.  It's very crucial to choose a trading platform that suits you when it comes to the financial market, it should always meet your needs.