Are trading platforms useful?

[awik p]

NewsCrypto is not a trading platform but a means of trading news. Trading platforms allow people to understand or follow different mediums for trading. Here if NewsCrypto is a good news channel Very good for newcomers. Newcomers lose their funds only because of wrong analysis. I would say it would be very good for newcomers if there is any good direction.

It’s important to read news so that you will get to know what is happening in the market, and it also helps your trading. But, news alone is not what is going to make anyone a successful trader.

Anyone who wants to be a successful trader must put in the hard work that is required for them to get to that level of being successful in the cryptocurrency trading market. They need to learn how to do technical analysis, and like I said the news would also be helpful in making some decisions while trading as well. So, all these things they all have to come together and contribute to whatever we are doing in the market.

Besides that, we must have good psychology, supported by technical analysis and fundamental analysis, it will be able to make us more responsive traders. therefore it is not easy to get rich from trading, it is a wrong mindset, and of course we have to invest in knowledge first, before we can enjoy the results of trading like all traders dream of. even though later it has been successful, always learning about the market must always be done in order to train our brains to always think logically

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[Webetcoins]

There is nothing like trading without loss. When you are trading in the market there is bound to be times that you experience losses. The thing is that with time you will always get better at what you are doing and when you become really good at it you wouldn't be losing as much as you did when you were still new to it.

So, my advice would be that you tell your friend to look more into learning about cryptocurrency trading. If he is able to learn how to trade then he would be good at it and would be making good amounts of profit. But if he keeps on looking for a platform that would act as a shield from losses, then there is nothing as such.

[LUCKMCFLY]

I think tradingview is pretty good to use. I use it and some tools are very useful for beginners.
then the platform the OP is talking about. does it lead to a trading robot? which means we leave the decision of the money we use to trade to third parties? I think it's highly discouraged. too big a risk.
for a beginner, of course, a simple tool that can increase our knowledge and skills in trading will be very good than a platform that promises profits without risk.

Tradingview is actually quite magnificent if you know how to use it. I am not saying that there are very few people who know how to use it, but there are way too many people who do not know how to use it and still use it and think that they know what they are doing.

Just because you are using it, doesn't mean you know how any of it works, it makes people overconfident on their analysis and even though they made a mistake, they think they are using it correctly and invest with confidence and then lose it. Before starting to use tradingview, there are many classes that teach people how they should be approaching it, everyone should take at least one of those classes.

Tradingview is a very good and powerful tool, however I would also think of a platform that has the same benefits but in real time with pools of liquidity to temporalities and according to the type of Exchange, for me it is one of the best, because is more up-to-date and apart has the volume profile (of course it is already pay version) but I think it is a very powerful tool, maybe tradingview is much more friendly because it has quite community but as for the disposition it has to give relevant information it is much better, well at least for me I consider it that way.

[Markinzo]

Hmm smiles...,  pls if you eventually discover a trading site I could invest into with a quarantee of no losses at all pls notify me ASAP.

The expectation of your friend shows he has no knowlege about trading at all, cause even the petty trader on the street understands what trading entails as far as loss and gain are concerned.

I'll advise you sit your friend and make it clear to him the rudiments of trading and what's involved. Cause any trading platform that should promise the you the  absence of no loss at all is just but scum.

By the way how is one gonna learn without losing, every good business ought not to be afraid of losses cause without loss there wouldn't be experience to build upon.

As a beginner I'll advise you don't get involved in a platform that promises profit without risk.
For the promise itself is too risky.

[abel1337]

Hmm smiles...,  pls if you eventually discover a trading site I could invest into with a quarantee of no losses at all pls notify me ASAP.

The expectation of your friend shows he has no knowlege about trading at all, cause even the petty trader on the street understands what trading entails as far as loss and gain are concerned.

I'll advise you sit your friend and make it clear to him the rudiments of trading and what's involved. Cause any trading platform that should promise the you the  absence of no loss at all is just but scum.

By the way how is one gonna learn without losing, every good business ought not to be afraid of losses cause without loss there wouldn't be experience to build upon.

As a beginner I'll advise you don't get involved in a platform that promises profit without risk.
For the promise itself is too risky.

Yeah, a trading site is there to let you trade, Trading doesn't guarantee no losses so basically there's no trading site that is risk free. Though if there is a website acting as a trading site and guarantee that there will be no loss during the trade, we can speculate that it is rather malicious or a scam website. A trading platform is a business and giving out money by letting people always win is an easy loss for the operator so it's impossible to find a trading site like this. 

Promotions and good tools on a trading site would be helpful like what OP tells, What matters now is the trust you give on that certain website.

[Bhig Daddy]

I haven't actually introduced anyone into crypto currency, because I wont want anyone to look at me somehow when they lose their funds. You can't trade without lose no matter the tool you use, for a newbie to be thinking they don't want to make lose i think it best you let him be.

[Leebabe]

They are useful in that they help in providing news feed to enable a trader to make thorough research before engaging in any activity. It at the same time brings about security enhancement

[bhooscream]

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.

It is impossible. Even a professional trader will also experience any losses when trading. Because none can guarantee that the trading will always give profits. But in this case, the problem is how we can utilize every chance to get higher profits than losses every day so we can get more money every day. If there is such a tool that offers trading without any losses, I am sure that that is only bullshit.

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

Never, and I am not sure that the platform will also guarantee trading without losses. It seems to be very suspicious. For trading platforms, why not use top exchanges that have high reputations?

[boyptc]

They are useful in that they help in providing news feed to enable a trader to make thorough research before engaging in any activity. It at the same time brings about security enhancement

This is for fundamental analysis. If it's all about the news then it's certainly is helpful if you're the type of trader with such tools or news you often use for checking what are the current news and updates in the crypto market.

But be aware that in trading, you're prone into losses whether you're a newbie or an expert. It's the reality that even trading experts are also losing based on what they do and how they look at the market. Because the market is sometimes unreadable, no matter how good your ta or fa is.

[monineklutak]

of course very useful mate!, but there are many trading platforms in the crypto currency world,
of course we have to follow only the best, such as OKX, FTX, Bitfinex, Coinbase and of course Binance,
you will feel safe if you trade there, and stay away from new platform, because many have been scammed

[Zilon]

I think starting with Newscrpto is cool and to avoid so much complexity sticking to one platform until the whole concept of crypto trading starts making sense to the ready is best. Most times i recommend  academy to some friends who wants to learn and i advice them to stick to it and watch Youtube videos where they feel confused.

[lixer]

of course very useful mate!, but there are many trading platforms in the crypto currency world,
of course we have to follow only the best, such as OKX, FTX, Bitfinex, Coinbase and of course Binance,
you will feel safe if you trade there, and stay away from new platform, because many have been scammed

Those are quite important places and they are "useful" in the sense that they are allowing us to do what we want to do. However, they are not useful to make money, they are just there to help us do what we want. Think about it this way, if you have a math book, you are not a math genius, you just have a book that helps you understand it better, but you still need to study it.

IMO, exchanges and trading platforms are the books, you need to study them and learn to be better, they are there as tools that will help you, but you are still required to be willing to do all of it in order to keep it going for a long time.

[ReiMomo]

of course very useful mate!, but there are many trading platforms in the crypto currency world,
of course we have to follow only the best, such as OKX, FTX, Bitfinex, Coinbase and of course Binance,
you will feel safe if you trade there, and stay away from new platform, because many have been scammed

Yah, we have very many good exchanges whom we can trust, trade and store our asset. Binance, Coinbase Bitfinex, Wazirx are best exchanges to begin with for new traders. There have been more scammers in crypto on exchanges, new token implements and etc. Its we who need to review the platform or the project and invest / use the platform. All those who are new to this platform, kindly take time to research and get in. 

[SirLancelot]

of course very useful mate!, but there are many trading platforms in the crypto currency world,
of course we have to follow only the best, such as OKX, FTX, Bitfinex, Coinbase and of course Binance,
you will feel safe if you trade there, and stay away from new platform, because many have been scammed

Yah, we have very many good exchanges whom we can trust, trade and store our asset. Binance, Coinbase Bitfinex, Wazirx are best exchanges to begin with for new traders. There have been more scammers in crypto on exchanges, new token implements and etc. Its we who need to review the platform or the project and invest / use the platform. All those who are new to this platform, kindly take time to research and get in. 

Unfortunately there are some low level exchanges which turn out to be a scam, but in crypto "low level" is still millions of dollars. What these exchanges do is they list coins and tokens that nobody else lists, the high level named exchanges that you mentioned do not list everything, so these low level ones have hundreds of coins and pairs that they list.

In return, they get a lot of customers piece by piece from each of them, maybe they do not make a lot of money but they have a lot of money on their hot and cold wallets thanks to this listing. After a while, they get so many people that they just say "we are hacked, sorry" and leave with the money.

[stomachgrowls]

of course very useful mate!, but there are many trading platforms in the crypto currency world,
of course we have to follow only the best, such as OKX, FTX, Bitfinex, Coinbase and of course Binance,
you will feel safe if you trade there, and stay away from new platform, because many have been scammed

Yah, we have very many good exchanges whom we can trust, trade and store our asset. Binance, Coinbase Bitfinex, Wazirx are best exchanges to begin with for new traders. There have been more scammers in crypto on exchanges, new token implements and etc. Its we who need to review the platform or the project and invest / use the platform. All those who are new to this platform, kindly take time to research and get in.  

Unfortunately there are some low level exchanges which turn out to be a scam, but in crypto "low level" is still millions of dollars. What these exchanges do is they list coins and tokens that nobody else lists, the high level named exchanges that you mentioned do not list everything, so these low level ones have hundreds of coins and pairs that they list.

In return, they get a lot of customers piece by piece from each of them, maybe they do not make a lot of money but they have a lot of money on their hot and cold wallets thanks to this listing. After a while, they get so many people that they just say "we are hacked, sorry" and leave with the money.

"Research is the key"

If you do make yourself put up some effort and time at least then you wont really be putting yourself into danger since you do know that its sensible that you should stick with reputable or known ones
rather than risking yourself on using up new platforms which their reputation arent established yet but its not bad to have some consideration since everything do start on being a noob or new into
the market.

In general sense on why would people would be still looking for something if the current ones they are dealing with does have already all the qualities
and functionality that you are waiting for?

[Xampeuu]

of course very useful mate!, but there are many trading platforms in the crypto currency world,
of course we have to follow only the best, such as OKX, FTX, Bitfinex, Coinbase and of course Binance,
you will feel safe if you trade there, and stay away from new platform, because many have been scammed

Yah, we have very many good exchanges whom we can trust, trade and store our asset. Binance, Coinbase Bitfinex, Wazirx are best exchanges to begin with for new traders. There have been more scammers in crypto on exchanges, new token implements and etc. Its we who need to review the platform or the project and invest / use the platform. All those who are new to this platform, kindly take time to research and get in. 

Unfortunately there are some low level exchanges which turn out to be a scam, but in crypto "low level" is still millions of dollars. What these exchanges do is they list coins and tokens that nobody else lists, the high level named exchanges that you mentioned do not list everything, so these low level ones have hundreds of coins and pairs that they list.

In return, they get a lot of customers piece by piece from each of them, maybe they do not make a lot of money but they have a lot of money on their hot and cold wallets thanks to this listing. After a while, they get so many people that they just say "we are hacked, sorry" and leave with the money.

things like that should be avoided, there are many examples that can be learned from. this will be different if we choose a trusted exchange like binance, a hacking incident has occurred, and binance returns all consumer losses, so that this exchange is increasingly well known and trusted by everyone, so it would be better for beginners to use this kind of exchange, than the exchange that low level in the end lose money because they state a scam

[sumant]

If we look at trading platforms all are not useful some of them are absolutely scam but some are very unique and helpful like binance and kucoin are such a big platform, they are giving a best platform for trading as well many promotions to make some extra money along with trading. We can not trust all trading platform. Some of them is just come to scam all traders money and gone away so be an experienced trader to gain good things from these platforms.

[Sebas.tian]

of course very useful mate!, but there are many trading platforms in the crypto currency world,
of course we have to follow only the best, such as OKX, FTX, Bitfinex, Coinbase and of course Binance,
you will feel safe if you trade there, and stay away from new platform, because many have been scammed

Yes, those platform you just listed here are very useful to traders who are ready to learn and to become a professional trader in future. Many successful traders you see around the community learnt a lot from those platform that made them to stop losing profits in crypto market than to always embrace profits all the time in the market. I think, new platform are not good for newbies to start trading because some of the new platform are scam but the platform will look good from the beginning but at the end it will hurt you not to smile.

[Smitty Werben Man Jensen]

of course very useful mate!, but there are many trading platforms in the crypto currency world,
of course we have to follow only the best, such as OKX, FTX, Bitfinex, Coinbase and of course Binance,
you will feel safe if you trade there, and stay away from new platform, because many have been scammed

Yah, we have very many good exchanges whom we can trust, trade and store our asset. Binance, Coinbase Bitfinex, Wazirx are best exchanges to begin with for new traders. There have been more scammers in crypto on exchanges, new token implements and etc. Its we who need to review the platform or the project and invest / use the platform. All those who are new to this platform, kindly take time to research and get in. 

Unfortunately there are some low level exchanges which turn out to be a scam, but in crypto "low level" is still millions of dollars. What these exchanges do is they list coins and tokens that nobody else lists, the high level named exchanges that you mentioned do not list everything, so these low level ones have hundreds of coins and pairs that they list.

In return, they get a lot of customers piece by piece from each of them, maybe they do not make a lot of money but they have a lot of money on their hot and cold wallets thanks to this listing. After a while, they get so many people that they just say "we are hacked, sorry" and leave with the money.

things like that should be avoided, there are many examples that can be learned from. this will be different if we choose a trusted exchange like binance, a hacking incident has occurred, and binance returns all consumer losses, so that this exchange is increasingly well known and trusted by everyone, so it would be better for beginners to use this kind of exchange, than the exchange that low level in the end lose money because they state a scam

Exchanges like Binance certainly don't need to be doubted because they are trusted,
it is very important to choose the right exchange so that such a thing does not happen,
better choose a popular and trusted exchange

[goldkingcoiner]

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?

Are trading platforms useful? That really depends. Currently, they are very useful. But once decentralization and decentralized technology become better, we will see less and less of centralized trading platforms. Centralization goes against everything blockchain stands for. Its going a step back when everyone else is going a step forward.

But we still need a way to convert our fiat into crypto and a way to trade that crypto. The part where an exchange holds your funds is unnecessary, outdated and ends badly. Always.

The question is how do you make Defi changes for Bitcoin?