Are trading platforms useful?

[chaser15]

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?

Trading platforms are useful. It's a good tool. But to think that it will give you more profit using it, that's a false one because even with lots of tools you have there and chart-reading indicators bot or program, your output will depend on how good you are managing your trades.

About the platform you are mentioning, I'm not familiar with it. If it's a paid one, I can't suggest taking it because your friend can do it by himself just by searching for helpful tools on the internet. After registration, they provided you right away a set of tools right? If it's free then use it.

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[harizen]

Have you used the platform from Newscripto and what do you think about the platform assistants in crypto trading?

Checking and browsing the platform, I will assume they are good and will help newbies in terms of basic trading and fundamentals.

For a start, users can just use the basic tier, free and no-cost. While advancing the knowledge, users can opt-in to purchase the Professional tier (starting at $14 in NWC tokens/month) but sound not necessary for me unless users really want to fully take advantage of the platform's service.

[adaseb]

The bottom line is this.

What they provide doesn’t mean you will be able to make money off it. It basically will send you alert that something might go up or down however it’s all a technical analysis which is far from perfect. Maybe it’s good because it’s going to keep you organized but the overall objective is you need to take trades based on your own experiences.

Right now people are very bullish so most bullish trades will work, however there will always be some case where in a bull market you should short, if you follow each of those alerts obviously you will run into many loses, hence you need another filter for these trades such as go with the trend.

[SquallLeonhart]

Surprised by the automatic charting tools that help beginners understand the basics of technical analysis, to advanced proprietary indicators for experienced traders.

I have been into MT4 and MT5 platforms for forex trading and have not experienced rich features for trading environment in any exchange than MT4 and MT5. In my opinion, most  online platforms and crypto exchanges are trying to copy MT4 and MT5 and no other new innovations (this is just my personal opinion based on what I have observed and I am glad to be proved wrong).

What they provide doesn’t mean you will be able to make money off it.

Yeah, unfortunately newbie traders assume that if they have 100s of strategies and tools then they could easily make profits from crypto trading but in reality we must need at least 2 to 4 weeks of time for learning and testing any new thing before executing on real time. So, basic charting and few other tools and indicators are more than enough as all other things may not be needed due to limited time we have unless otherwise someone else recommend something new.

[TheEconomists]

Personally I have not used such services as at the time I started trading crypto currency just because I have had good knowledge of forex trading and that have really helped me. If the is beneficial for you and your friend and maybe those who are new in trading crypto currency that will be fine but for me, I didn't start trading that way.

[Mpamaegbu]

After registration, I was provided with a set of tools that would suit users of any level, regardless of their knowledge.

All trading platforms have a set of tools they provide to aid traders. However, I won't advise you to use them the same way the platform provides them by default. If you must use the tools, change the settings. Nobody will intentionally hand a knife to you to kill them. No platform will hand tools to you that will make it easier for you to profit from them. There's always a snare somewhere.

Surprised by the automatic charting tools that help beginners understand the basics of technical analysis, to advanced proprietary indicators for experienced traders.

Whatever you do, steer clear of automations until you understand the rudiments of trading and how to manually use trading tools.

Have you used the platform from Newscripto and what do you think about the platform assistants in crypto trading?

Nope, I didn't know about them until now. I ain't saying the site is ok or not but before you introduce your friend to it, make sure you've observed them for a while. Otherwise, if it turns out bad eventually your friend might not trust your judgment again.

[Alert31]

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 don't have knowledge about newscrypto but all I can say, learn first all the basic in trading and don't rely on automation. Maybe that tool can help you but you will still be one to manage and drive your trading. Better to learn and have experience by your own, both technical and fundamental analysis. Honestly, even those really experienced in trading make losses, so don't be afraid to have losses also once you enter in trading. Risk is always present if it terms of trading and investment.

If you have knowledge about trading you can now advise your friend how to start trading and learn good trading strategies in order to earn.

[Marlo798676]

Yes, some can be said that there are good platforms but some are useless. Platforms like Newscrypto are unmatched and there are many more platforms that can help newcomers to start trading. But I think that if you can do a little bit efforts, then definitely go to Tradingview and see it. Look at all the signals there for a few days and cross check them with the market to see how profitable they are, their must buy and sell.Only after that any platform can be trusted otherwise there is no need to waste your time on useless platform.

[darewaller]

Useful and must are different words. They are useful if you know what you are doing, but they are just useful, they are not really forced. Like if you have no idea how they are used and you do not want to use it, then stay away from it as much as you would like to.

This is why I believe that there is a good chance we could see people who are making profit without using anything like that. Surely it is not going to be something that is viable for too long if you dislike it even if you can use it, so it is not only about being able to use it neither. I personally do not use most of them, and I still enjoy trading and investing however I wish without needing them. Not like I am making a huge profit neither, but I am doing alright for myself.

[Lotus]

I have been into MT4 and MT5 platforms for forex trading and have not experienced rich features for trading environment in any exchange than MT4 and MT5. In my opinion, most  online platforms and crypto exchanges are trying to copy MT4 and MT5 and no other new innovations (this is just my personal opinion based on what I have observed and I am glad to be proved wrong).

You're probably right about the "online" ones, so hard to prove your wrong there. However, if you widen your scope a bit, we are actively working to build a different kind of platform that's more client-centric (referring to the device not the user). We're still in early stages and are not attempting to build something as elaborate as MT, but we are looking at the problem differently. We are focusing on the strategy-authoring experience. It seems that the majority of options revolve around scripting something in MQL or some scripting language, very basic controls, or going for a mostly automated system and hope for the best. Instead, we're trying to create a sort of "debugger" for trading strategies.

If you, or anybody else, would like to follow our progress, try out what we are building, and/or contribute ideas, just let me know.

[Jawadu]

It's not a bad idea to learn some features from the Newscrypto platform and similar platforms like trading view and so on, but it is good to interact with crypto experts and seniors in different fields (trading, staking, lending, etc) so that you can learn from them manually! Newscrypto and similar platforms have automation tools, but if you'll learn from PEOPLE then they'll elaborate everything in step by step.

Crypto forums, Udemy crypto courses (free and paid), YouTube crypto channels, are the best! You can then use Newscrypto, Tradingview, etc to practice what you have learned.

[Rigon]

Trading platforms are very important in cryptocurrency. We would not be able to sell a single coin in the market without a trading platform. Today we sell all the coins in the market for this trading platform I'm doing.We would never have been able to sell these coins without a trading platform.So if you want to work in cryptocurrency, you must use the trading platform Emergency.

[barbara44]

I have seen and heard a lot about trading, I have seen platforms that claims to help traders to make profits on a steady basis, and I have also seen trading bots that are claimed to be profitable, but I’ve not really used any of these because I have always had to rely on myself when I’m trading.

But, one thing I do know for sure is that there is nothing like having 100% success on trading all the time, there are always going to be times when you have a little bit of challenges depending on the situation of the market and you might lose some money because of it. But that shouldn’t discourage you from trading, as long as you continue with the right strategy you are always going to make profits and recover the losses you made.

[Ziskinberg]

I have seen and heard a lot about trading, I have seen platforms that claims to help traders to make profits on a steady basis, and I have also seen trading bots that are claimed to be profitable, but I’ve not really used any of these because I have always had to rely on myself when I’m trading.

But, one thing I do know for sure is that there is nothing like having 100% success on trading all the time, there are always going to be times when you have a little bit of challenges depending on the situation of the market and you might lose some money because of it. But that shouldn’t discourage you from trading, as long as you continue with the right strategy you are always going to make profits and recover the losses you made.

Absolutely, and we can just think that these promoters will glad to help you to make a profit because it was not their intention either. Some say this is a good platform and this makes you rich, ohh yeah, that is really attractive but in the end, they just milked you and lost your money with them.
We can hear a lot of success stories in trading, this might it happens to us or maybe not, that is the two possibilities. But if you were trading without knowledge and not in a reputed platform, that is something you don't have to expect as this is likely not going to happen.

[crzy]

There’s a lot of good trading platform that allows you to use their services for free and train there to become more good in trading. Just don’t look for any trading signal because its too risky for a newbie so I don’t suggest this to your friend. Even if you are using a good platform for trading if you don’t have enough knowledge about it, that’s useless so better to start learning about trading first before looking for a good platform.

[martina14]

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?

What do you mean useful trading platform? you mean, can able to earn most often?
The reason, why I ask this question, its because once you enter here in crypto trading, expect that
not all the time you can win the trade or you can earn, never forget that you can also face loss of your
assets, due to not all the time the price value always go up in the market there are always happen that
the price went down. Always bear that in your mind.

[GreatArkansas]

Some trading platform these days offers some sources or knowledge that you can use for free.
For example, is Binance, they this free platform called Binance Academy (https://academy.binance.com/en)
Which you can learn all about cryptocurrency and blockchain, and for sure it will help you too besides trading only. This is one of the best tools too that Binance created, it will help people especially those people who are starting in cryptocurrency. All you gonna need is to read and understand.

[michellee]

I do not yet use the Newscrypto app but I already visited their site to know about them. But unfortunately, before we can get more information about the project, we need to register to search for more information. I do not use that tool from any website, but if that tool can really help me gain a benefit or profit from trading, maybe I will consider using it.

If you already benefit from the tool, you can still use the tool and try to increase your profit using that tool. But remember, you still must learn more about trading.

[sirminesalot]

I think it's quite helpful for newbies but it could trapped the newbies for not learning any of technical analysis at the end because they just following what the trading helper do and not knowing what is behind the analysis.
So it's good but not good for always relying our decision to the bot or helper.
We should learn the market habit by ourself because crypto market is dynamic, no bots or helper could adapt the market habit quickly. We should read the market condition by ourself to save our investment.

[Iceblast]

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.

well for a beginner it is more appropriate to use manual trading. I see now that the basics of trading must be carried out first and until understanding is then introduced tools that support trading.
this will be better in my opinion