Would you advise a focus on indicators or the market itself for a newbie.

[Lida93]

On a daily basis, many persons pick interest in cryptocurrency trading but eventually get scared never returning cause may be due to one or more losses serially experienced in the trading due to perhaps their focus.
Today almost all of the internet sites, trading books/newsletters, seminars etc, focuses on indicators (which is all about analyzing) instead of diverting a good percentage of focus on the market.

For the purpose of discussion. Owing to the complexity and how confusing indicators could be, which would you rather advise for a newbie to place much focus on between the Market (trading without indicators), and the Indicators, and why?

[Beparanf]

Indicators is a result of the market. Its simply the summary of market so the indicators result is based on the market movement itself. So if you are asking if newbie should use indicator or just there instinct to trade then obviously the best advice here is to use indicator because it's a guide for newbie that makes the analysis more easier.

Just focus only on well known indicators such as MACD, RSI and BB so that you will not be confused.

[palle11]

For the purpose of discussion. Owing to the complexity and how confusing indicators could be, which would you rather advise for a newbie to place much focus on between the Market (trading without indicators), and the Indicators, and why?

Not trading with indicators is more confusing than you think, you can't trade the market without indicators. Indicators are your guide whether a newbie or an experienced trader. Learning indicators is important, if a newbie is having confusion using a particular indicator it is better to change it and use indicators you can understand. The advise is that indicators are very important to trade

[The Cryptovator]

It hasn't been discovered yet how Bitcoin or cryptocurrency move up or down. Yea, we all know that when buying pressure goes up price goes up, and as sell pressure increase price fall. But we don't know the reason and why these sentiments will be active. Indicators or charts show you history, not the future. You have to determine the future from past history. That's why people follow indicators or charts. What else could analyze? Sometimes a few projects have good news and price go up. But this isn't something we can research.

[jackg]

I think you're best working out of you can spot short term strategies/patterns by looking at the market's price action and seeing what patterns it produces.

Indicators are good for determining whether your expectations are going to be supported but I don't think they should be used on their own as they will make trading less acurrate and drop your chances of success.

[JeromeTash]

But indicators are a result of historical data or market movements. Maybe one thing I can suggest to newbies is to just invest (Buy an asset like Bitcoin on spot market and hold long term) if they don't like the headache that comes with technical analysis.

But if one is going to do day trading, there is no way one can trade minus looking at the indicators and price action.

[sheenshane]

Might they have seen indicators has an almost accurate result in trading but IMO, this is just only a tool in trading.
You're still predicting the unpredictable market and using indicators, plotting the historical data, and hoping it will result in repeating itself.

For the purpose of discussion. Owing to the complexity and how confusing indicators could be, which would you rather advise for a newbie to place much focus on between the Market (trading without indicators), and the Indicators, and why?

Newbies, shouldn't rely on technical indicators, sometimes they need to consider too, the fundamental indicators.
Both are useful in trading analysis.

[Oshosondy]

For the purpose of discussion. Owing to the complexity and how confusing indicators could be, which would you rather advise for a newbie to place much focus on between the Market (trading without indicators), and the Indicators, and why?

Let me be specific about trading, this my post is not focused on holding at all.

What you said is like you do not have a matchet and you want to kill a bull with your bear hand, or like you want to kill a lion with just your hand because you do not have a gun. If you want to kill a bull, you will look for a machete and knife. If you want to kill a lion, you need a gun. If the right equipment is not used, you will find yourself dead. In trading, that dead represents losses while the equipment used for you to kill or defeat the lion are the trading indicators. If you trade without indicator, it is like a lost sheep, the losses would be great. New traders should have to learn indicators, they are not hard to learn if they concentrate in learning them.

[adaseb]

Indicators never work 100%. Many new people find some ebook or course and it teaches about indicators like MACD, RSI, moving average, etc and they think it’s that easy. Doesn’t work like that.

If it worked 100% of the time, nobody would work. Everybody would just trade. You only use indicators to get some confirmation but you need other signals whether to buy or sell. You can’t just rely on a signal indicator. A better indicator is trend. And maybe general sentiment.

[palle11]

If it worked 100% of the time, nobody would work. Everybody would just trade. You only use indicators to get some confirmation but you need other signals whether to buy or sell. You can’t just rely on a signal indicator. A better indicator is trend. And maybe general sentiment.

Of course indicators are based on your interpretation to make them work for you true. The trend tracing and other things concerning the analysis of market is still under indicators. The indicator that you have and analyse maybe different from another's own but they are all indicators to help you on winning the market. Therefore based on the indicators they are 100% IMO but depending on your analysis of it and that makes it below depending on the ability. Although I'm sure no body can give 100% analysis of the market continuously and some reason are uncertainty and fear.

[blockman]

There's no guarantee with all of those indicators but I'd say for a newbie, it's not just all about indicators but also the fundamentals. Sometimes, it's really surprising that our indicators don't really work and expect it to be like that at most times.
I'll also say that focus on gaining more experience first and they'll get to learn where they're good and comfortable about all of these strategies in trading if they want to pursue it.

[jostorres]

Today almost all of the internet sites, trading books/newsletters, seminars etc, focuses on indicators (which is all about analyzing) instead of diverting a good percentage of focus on the market.

That was normal because that was trading all about (mostly technical analysis) and focuses on indicators but a trader must also allocate something for fundamental analysis which does focus outside of the market. The two are needed in order to have a better success rate on trading.

As a newbie there might be other important things that they need to learn first. It is also normal to experience a failure when we are starting on something but obviously this should not stop us to continue and to improve ourselves more. Only those who quit easily are the real failure because they don't have a commitment on everything that they do.

[seleme]

There are various methods to analyze the charts, the most known functions to follow market trends are based on indicators based on price derivation. The indicators just make it easier for traders to check what is happening on the graph and find the best entry or exit price points to minimize risks. Trading with naked charts is the best for pro traders since they can spot trading patterns with looking candlesticks. Using indicators or oscillators can be helpful for newbies to get in or out at the right timeframe and best possible price area.

[Mahanton]

On a daily basis, many persons pick interest in cryptocurrency trading but eventually get scared never returning cause may be due to one or more losses serially experienced in the trading due to perhaps their focus.
Today almost all of the internet sites, trading books/newsletters, seminars etc, focuses on indicators (which is all about analyzing) instead of diverting a good percentage of focus on the market.

For the purpose of discussion. Owing to the complexity and how confusing indicators could be, which would you rather advise for a newbie to place much focus on between the Market (trading without indicators), and the Indicators, and why?

Stick with indicators because even though those indicators arent precise but it is really much better compared on trading up on something which you arent using things or tools because it is really just a pure gambling when you do make out calls and price predictions  basing on hunches and intuition which is something not that recommendable.Better make yourself able to practice with those indicators even though it is really hard but it would really be worth on the time and effort that you had spent out if you've been doing this for a long time.Practice makes perfect as we do all know.
Dont make yourself just trade off without any basis or analysis and also a reminder that dont make yourself that too impulsive when it comes to fuds and fomos in the market.

[SquirrelJulietGarden]

Indicators never work 100%. Many new people find some ebook or course and it teaches about indicators like MACD, RSI, moving average, etc and they think it’s that easy. Doesn’t work like that.

If it worked 100% of the time, nobody would work. Everybody would just trade. You only use indicators to get some confirmation but you need other signals whether to buy or sell. You can’t just rely on a signal indicator. A better indicator is trend. And maybe general sentiment.

I'd like to say don't analyze too much with technical indicators as they don't work 100% correct. You nailed it.

Moreover, trading and watching technical indicators too much will bias your minds. As a consequence of it, you will make bad decisions. Instead of technical indicators, you should spend more time to watch fundamentals and focus on investment. With investment, Dollar Cost Averaging is best.

Websites for Dollar Cost Averaging DCA

[South Park]

On a daily basis, many persons pick interest in cryptocurrency trading but eventually get scared never returning cause may be due to one or more losses serially experienced in the trading due to perhaps their focus.
Today almost all of the internet sites, trading books/newsletters, seminars etc, focuses on indicators (which is all about analyzing) instead of diverting a good percentage of focus on the market.

For the purpose of discussion. Owing to the complexity and how confusing indicators could be, which would you rather advise for a newbie to place much focus on between the Market (trading without indicators), and the Indicators, and why?

Indicators are just a bunch of math formulas which allow you to see more clearly some aspect of the market and then take decisions based on them, however it is important to remember that there is no indicator that can predict what the market will do, so it always important to look at the big picture and try to read what the market will do or the overall direction the market has at the moment, if you do not do that and only trade by using indicators then the accuracy of your trading strategy will always be on the low side.

[el kaka22]

Why not both? I mean fundamentals of a coin means that you have to check how legit it is, and if there is anything that could go wrong out of sudden. There are not too many like that but there are "some", specially on the new ones.

However, if you end up checking it you will realize that there would be some wrong stuff in their blockchain which you wouldn't want there. That's the fundamental approach. Indicators on the other hand are smaller time frame stuff, not a terrible way to look at things if you want to trade daily, like 5 minute candles for example on a trade you want to finish up in under an hour for example, buy and sell all within that time period. Not bad, if you know how to do it.

[danherbias07]

Without indicators, it becomes more of a "guessing" state. As you said, instincts.
It helps, but it doesn't make it accurately correct. Where would you put a newbie if you won't point him with indicators? There's really not much of a choice there.
It's still fresh in my memory of when I was a newbie without anyone teaching me. I go manual, monitor the market, use the candles, sleepless nights.
That's what I will suggest to them.

[virasisog]

Indicators aren't 100% accurate but it provides a big help, especially for those who are struggling to analyze the market as well as the possible movements of coins. A newbie could rely on indicators but he must know the basics first and the importance of dealing with the volatility of the market as well as the fundamentals of trading so he would basically understand how indicators work.

[Husires]

I am still in the learning stage, but I benefited from some of the topics related to technical analysis in the forum, which helped me avoid some losses:

• BTC is about to touch 200 Weekly Moving Average]
• 50% drop is incoming - Bitcoin Hash Ribbons Capitulation Alert!

Thanks @ImThour

this is an example of what technical analysis can do in the long run.

Day trading is profitable if you reach advanced stages in technical analysis and you have an intuition of how the market moves otherwise, you are risking with your money and you will make losses.
 

[Franctoshi]

On a daily basis, many persons pick interest in cryptocurrency trading but eventually get scared never returning cause may be due to one or more losses serially experienced in the trading due to perhaps their focus.
Today almost all of the internet sites, trading books/newsletters, seminars etc, focuses on indicators (which is all about analyzing) instead of diverting a good percentage of focus on the market.

For the purpose of discussion. Owing to the complexity and how confusing indicators could be, which would you rather advise for a newbie to place much focus on between the Market (trading without indicators), and the Indicators, and why?

I recommend you use both beacuse human makes mistake and the indicators are lagging sometimes so in order to get your analysis a bit right you need the combination, even the professional traders do use indicators to confirm their analysis sometimes, those tools are part of technical analysis but pay very much attention to the structures or pattern and market behavior then use indicators they're there to support you and it will serve you as a tool for confirmation in regards to the key areas of support and resistance. Therefore you can for both, try it out it definitely gonna help your trading analysis.

[Fatunad]

Indicators aren't 100% accurate but it provides a big help, especially for those who are struggling to analyze the market as well as the possible movements of coins. A newbie could rely on indicators but he must know the basics first and the importance of dealing with the volatility of the market as well as the fundamentals of trading so he would basically understand how indicators work.

There's no such thing about 100% accurate and we know that it cant be possible but its true that indicators do provide a great help at least on foreseeing things which you cant see on just staring up on a chart.
You could really have the basis and able to make analysis based up on what you do saw.So to speak about fundamentals and indicators then it would be ideal or good to have both.You could always combine
the two and just by said by others that not all the times that the market will create some news and events which you would tend to make use but if you cant see something then its just
right that you would make use of indicators so that you could make out decisions on different market conditions but of course it wont really be easy as it sounds.

[Smartvirus]

For the purpose of discussion. Owing to the complexity and how confusing indicators could be, which would you rather advise for a newbie to place much focus on between the Market (trading without indicators), and the Indicators, and why?

Like, how do one trade without indicators? How do you get to analyse the market? Like you just look at the trend and feel its on the rise then you jump on it or some other means because I don't follow.
Indicators are a way to analyse the market. Trading has become a highly professionalised field for anyone to just try to gamble on traded and be expecting a good result. It can't happen, trading isnt gambling and so, you cant just look at the chats and place a buy or sell at any point. You have to do some analysis with your indicators to give you an insight on what's going on, who seems to have more momentum in the market and are leading then, you would know what to do. I'll advice you take indicators seriously, they do help.

[GeorgeJohn]

On a daily basis, many persons pick interest in cryptocurrency trading but eventually get scared never returning cause may be due to one or more losses serially experienced in the trading due to perhaps their focus.
Today almost all of the internet sites, trading books/newsletters, seminars etc, focuses on indicators (which is all about analyzing) instead of diverting a good percentage of focus on the market.

 

from my understanding I captured that why some people while people lose interest in the cryptocurrency when they adventure into it. It's because cryptocurrency is hard to predict and it's a decentralized currency, which many people think when they get into it they speedily make it without waste of time. That is the major reason while cryptocurrency people who don't know the real function and the way about dont continue with it.

[AmoreJaz]

For the purpose of discussion. Owing to the complexity and how confusing indicators could be, which would you rather advise for a newbie to place much focus on between the Market (trading without indicators), and the Indicators, and why?

Like, how do one trade without indicators? How do you get to analyse the market? Like you just look at the trend and feel its on the rise then you jump on it or some other means because I don't follow.
Indicators are a way to analyse the market. Trading has become a highly professionalised field for anyone to just try to gamble on traded and be expecting a good result. It can't happen, trading isnt gambling and so, you cant just look at the chats and place a buy or sell at any point. You have to do some analysis with your indicators to give you an insight on what's going on, who seems to have more momentum in the market and are leading then, you would know what to do. I'll advice you take indicators seriously, they do help.

if you want to lose money fast, then, yes, you don't need any indicator to check about. to understand more about this market, indicators are very important and it varies from one coin to another. you can't apply certain indicators to all coins as they have their own phase of developments. aside from indicators, it is best also to keep yourself updated with the developments happening in the coin that you are trading with.

[GreatArkansas]

(....)
For the purpose of discussion. Owing to the complexity and how confusing indicators could be, which would you rather advise for a newbie to place much focus on between the Market (trading without indicators), and the Indicators, and why?

If you are trading and using technical analysis, for me, indicators are very important. It will help you to decide your move, it will help you to plan about your trade position.
There are a lot of traders, especially those newbies who tend to stop trading after how many wins or losses, they should practice being consistent. Because, the longer you stay, the more you will learn and master the market.

[xSkylarx]

Indicators helps you a lot in planning your trades so a newbie must really learn about it if he wants to be successful in trading. If you don't want to learn any of these indicators then you're just basically gambling your money in trading. Learning basic indicators like MA, RSI, and volume is already enough to me for a newbie to start with. Once you know how to use these, you could strategize your entry point and selling point in trading.

[CryptopreneurBrainboss]

For the purpose of discussion. Owing to the complexity and how confusing indicators could be, which would you rather advise for a newbie to place much focus on between the Market (trading without indicators), and the Indicators, and why?

Why will you trade without indicators, anybody doing that is just gambling and not trading which is what majority of the so-called traders are doing nowadays. You can't just based your assumption on the feeling you're having about the market. The is the exact reason many will caught at the top of the market. All indicators were pointing to a downward movement of the market but people were still buying the overpriced projects in anticipation of a sudden spike in price as many so called influencer were suggesting the market still has one more spike before the bears take over.

When you don't tarde with indicators, you're blinding trading which is very risky that I won't advice any newbies to engage in such practice. Inductors gives you an insight of how the market has done in the past and the only way to predict the movement of the market is by looking at passed record.

[Trapezium]

Indicators are important as they help traders to make more informed trading decisions. Without them, trading could become complicated. So, Yes, they should trade with indicators, but shouldn’t make trading too complex.

[hashrateproducts]

Indicators helps you a lot in planning your trades so a newbie must really learn about it if he wants to be successful in trading. If you don't want to learn any of these indicators then you're just basically gambling your money in trading. Learning basic indicators like MA, RSI, and volume is already enough to me for a newbie to start with. Once you know how to use these, you could strategize your entry point and selling point in trading.

Trading in Crypto is difficult for Newbies who don't follow the right process rather the ones that mingle for fast way to trade and they always end up losing or even get their trading accounts liquidated. Perhaps it's hard to see a newbie study Technical analysis but it's for their own good because they always are eager for Profits. Indicators are mainly use by professionals or experts who have been long in the space but it's not a bad idea if a newbie know the basic strategy of the market.

[AicecreaME]

Indicators are based on the market, however, you need to fully understand what it means for you to get benefits on it, otherwise you'll just waste your money by trusting your indicators without any knowledge about it. Also, trading as a newbie is hard, you need a lot of time and money in order to reach the level where indicators is your profit maker, not your half wit analysation based on your own instinct alone.

[Rufsilf]

Sooner or later, once you are in trading you got to realize how important these trading tools especially when it addresses TA. Having focus on them gives you the bigger chance and positive results. Some people are very skeptical about that but they soon come back and used them knowing how it affects our decision-making and of course, it was highly recommended when doing this.

I won't say we need them all, just choose the tool that we think can help us a lot. And we keep in mind that this never assure everything to be fine, it still need hard works.

[palle11]

Some people are very skeptical about that but they soon come back and used them knowing how it affects our decision-making and of course, it was highly recommended when doing this.

I won't say we need them all, just choose the tool that we think can help us a lot. And we keep in mind that this never assure everything to be fine, it still need hard works.

Like some people don't like the idea of stop loss but at the end they will come back to make use of it. Just as said all tools may not work though but we have to research on the type which work for us. I used trialing stop at a time but I realized it is better with a volatile market. From time to time we can do a review of our indicators and see what we can change or upgrade within them especially if we are experiencing losses.

[Findingnemo]

There are different types of newbies to be honest first one who is in crypto investment for long time but now they want to start trading crypto because they feel return here is more than simply holding, next one is people who is having knowledge about trading like forex but completely new to the cryptocurrency market then the amateur newbie with no previous knowledge just lured to the market with hype of influencers about cryptocurrencies especially at the time of bull market peak time.

So the strategies can't be same for all of them, it depends how they understand the market and adopt to the condition also it depends on their financial appetite so for me trading cryptocurrency is for anyone for them indicators is not the primary key the all important is knowledge about crypto trading and its volatile nature.

[gabbie2010]

On a daily basis, many persons pick interest in cryptocurrency trading but eventually get scared never returning cause may be due to one or more losses serially experienced in the trading due to perhaps their focus.
Today almost all of the internet sites, trading books/newsletters, seminars etc, focuses on indicators (which is all about analyzing) instead of diverting a good percentage of focus on the market.

For the purpose of discussion. Owing to the complexity and how confusing indicators could be, which would you rather advise for a newbie to place much focus on between the Market (trading without indicators), and the Indicators, and why?

Though indicators helps a trader to plan a trade especially the trend indicators like EMA (Moving Average) however too much reliance on indicators on a chart will give conflicting signals that can make or mar a trade, I wouldn't encourage a newbie to depend solely on indicators, Personally I focused mainly on Price Action of the candlestick patterns with two indicators namely EMA and RSI which serve as a guide, I trade breakout candlestick which signifies a possible change in a trend with volatility and momentum in that direction all these requires a long hour charting time experience which a newbie is expected to learn and study Price Action.

[ChrisPop]

Here is my advice. Learn the logic and philosophy behind indicators and you don't need to use many of them. Traders who use just horizontal support and resistances can be insanely profitable, while traders who use a myriad indicators like you see on youtube for example with all those fancy charts most of the times are unprofitable.

Choose an indicator. Master it. Then add more if you see an improvement of your returns by doing so.
There is a lot of junk trading material out there. Try to understand that marketing get rich quick indicators and done-for-you black box systems is an industry for making money out of retail traders. Do not get caught in the trap.

[Yamifoud]

Traders have never succeeded without using this, that was the reality of having these tools exist in trading as it helps us to make our trades more reliable and profitable. That is why it is recommended to use at least 1 or 2 as old traders already value these things and know how effective it was in the actual scenario. The more we got into trading, the more we realized its importance, especially when creating TA.

I know it was an additional task and burden that newbies must have to know but yes, it was a part of learning trading that you need to consider.

[Quidat]

On a daily basis, many persons pick interest in cryptocurrency trading but eventually get scared never returning cause may be due to one or more losses serially experienced in the trading due to perhaps their focus.
Today almost all of the internet sites, trading books/newsletters, seminars etc, focuses on indicators (which is all about analyzing) instead of diverting a good percentage of focus on the market.

For the purpose of discussion. Owing to the complexity and how confusing indicators could be, which would you rather advise for a newbie to place much focus on between the Market (trading without indicators), and the Indicators, and why?

Though indicators helps a trader to plan a trade especially the trend indicators like EMA (Moving Average) however too much reliance on indicators on a chart will give conflicting signals that can make or mar a trade, I wouldn't encourage a newbie to depend solely on indicators, Personally I focused mainly on Price Action of the candlestick patterns with two indicators namely EMA and RSI which serve as a guide, I trade breakout candlestick which signifies a possible change in a trend with volatility and momentum in that direction all these requires a long hour charting time experience which a newbie is expected to learn and study Price Action.

It is really helpful rather than having no indicators had been used or any tools which would really be needing for you to at least handle market and you cant just dive in yourself without any tools
or indicators which would really be giving you at least some idea not rather just making some baseless actions which would really be totally considered as gambling.
You can have some that beginners luck but not all the times you would really be ending up on profitable trades because when you do face up the reality
of this market then you would really be finding yourself on having that challenge on patching it up.

[xSkylarx]

Here is my advice. Learn the logic and philosophy behind indicators and you don't need to use many of them. Traders who use just horizontal support and resistances can be insanely profitable, while traders who use a myriad indicators like you see on youtube for example with all those fancy charts most of the times are unprofitable.

Using plenty of indicators also complicates your judgement in trading. Mastering atleast 3 for me are already good enough for me, RSI for overbought/oversold market condition, EMA/MA for support and resistance on different timeframe, and volume that indicates how much is being traded. It isn't necessary to learn more as long as your trades have high sucess rate in your technical analysis.

[DoublerHunter]

Here is my advice. Learn the logic and philosophy behind indicators and you don't need to use many of them. Traders who use just horizontal support and resistances can be insanely profitable, while traders who use a myriad indicators like you see on youtube for example with all those fancy charts most of the times are unprofitable.

Using plenty of indicators also complicates your judgement in trading. Mastering atleast 3 for me are already good enough for me, RSI for overbought/oversold market condition, EMA/MA for support and resistance on different timeframe, and volume that indicates how much is being traded. It isn't necessary to learn more as long as your trades have high sucess rate in your technical analysis.

^ Indicators are very useful when performing your technical analysis but I think it is more relevant if you will know also how to use the fundamental analysis and the good sources on it. Sometimes this fundamental analysis will help how to determine the price, the market will react based on the activity and the news outside. Support and resistance are also very useful, but you need to understand the market very well to have an accurate result based on the indicator that has been used. However, as a newbie there are too many things to learn before you will learn in trading.

[suzanne5223]

Indicators are helpful when it comes to crypto trading but they can also be a dangerous or destructive weapon for newbies and the best thing every newbie should do is to first focus on understanding the market itself which will help newbie to understand the fundamental aspect of the market momentum when they started using the indicators.

[Mpamaegbu]

OP, put it this way – would you rather draw a straight line handsfree when there's a ruler? I guess you know the answer to my question. Trading without indicators is more or less pure gambling. While I acknowledge that trading is speculative in nature and there's no perfect handle on it, I would rather not trade at all if I'm not going to rely on at least a single indicator to pick my trades. In doing this, I tend to rely heavily on leading indicators as against lagging ones. How do you assess market sentiments and bias if not through the aid of indicators? Anyone who tells you otherwise isn't being honest with you on this one.

[South Park]

OP, put it this way – would you rather draw a straight line handsfree when there's a ruler? I guess you know the answer to my question. Trading without indicators is more or less pure gambling. While I acknowledge that trading is speculative in nature and there's no perfect handle on it, I would rather not trade at all if I'm not going to rely on at least a single indicator to pick my trades. In doing this, I tend to rely heavily on leading indicators as against lagging ones. How do you assess market sentiments and bias if not through the aid of indicators? Anyone who tells you otherwise isn't being honest with you on this one.

Besides I don't really understand why someone would like to avoid indicators completely, indicators are calculated in such a fashion in order to trying to bring forward an aspect of the market in which you could be interested in watching more clearly, this means that by not using indicators you are handicapping yourself, an attitude that is incredibly dangerous especially when we have so many traders and bots that are using every single tool available in order to get any edge over you

[el kaka22]

You shouldn't just look at one thing and try to make a decision based on that, you could get wrong results that way. Even in math, when you get a result, you try to confirm it by backtracking everything. When you are making some financial decisions, you could find some good ways to make money, but make sure that you check all angles before you make it so that you are certain it is going to work out.

I know for a fact that I have seen plenty of times indicators were wrong, but I know there were many more times when they were right as well. So, you eventually start to learn when it could be wrong and when it could be right and act accordingly.

[Rengga Jati]

Would you advise a focus on indicators or the market itself for a newbie.

Indicator for newsibes?
Well, learning about indicators on the market is actually not easy. It will depend on the personality if they are actually a good learner or not, faster learner or not. Sometimes, people even newbies can learn easily and quickly to understand trading indicators, and how to analyze them technically. But sometimes, newbies are too difficult to understand the indicators, because there are some complicated areas that must be understoood. However, if the newbies are willing to learn it seriously, why not? But fo course, this may not be easy and fast generally. And I think that the most important thing for newbies is that enver trading at first before you learn and understand about tarding itself, even it is with indicator analysis or not. Better to come with your own trading knwoeldge at first.

[Oceat]

Indicators are helpful when it comes to crypto trading but they can also be a dangerous or destructive weapon for newbies and the best thing every newbie should do is to first focus on understanding the market itself which will help newbie to understand the fundamental aspect of the market momentum when they started using the indicators.

It's just a good way to tell that they shouldn't be jumping on the hard one when they don't know the basics yet. They should look at that as an advance users feature once they finally get that they can expand their desire of learning how to trade with using different strategy. I haven't seen any newbies master the trading and successfully make money in a short time. Getting used to the market is one thing that they shouldn't be looking over because most of the fundamentals can be found if you know the market well.

[Fatunad]

Indicators are helpful when it comes to crypto trading but they can also be a dangerous or destructive weapon for newbies and the best thing every newbie should do is to first focus on understanding the market itself which will help newbie to understand the fundamental aspect of the market momentum when they started using the indicators.

It's just a good way to tell that they shouldn't be jumping on the hard one when they don't know the basics yet. They should look at that as an advance users feature once they finally get that they can expand their desire of learning how to trade with using different strategy. I haven't seen any newbies master the trading and successfully make money in a short time. Getting used to the market is one thing that they shouldn't be looking over because most of the fundamentals can be found if you know the market well.

Stick with the basics or learning on it and then try to famialirize or mastering it first or take a good grasps before going to intermediate to advanced learning or indicators or tools because diving
directly into those hard things wont really be that much effective if you arent really that making yourself aware nor being good with the basics.You cant just make out some shortcut because
thats not how trading should be treated off.It would involved lots of trial and error before making yourself well prepared and sustainable on this market.
Although not all would end up to become successful but at least you are following on the right path.

[suzanne5223]

Indicators are helpful when it comes to crypto trading but they can also be a dangerous or destructive weapon for newbies and the best thing every newbie should do is to first focus on understanding the market itself which will help newbie to understand the fundamental aspect of the market momentum when they started using the indicators.

[snip] I haven't seen any newbies master the trading and successfully make money in a short time.

You have a point but a lot of newbies traders easily achieve this during the bullish market.

Getting used to the market is one thing that they shouldn't be looking over because most of the fundamentals can be found if you know the market well.

I believe a lot of newbies have already aware of this but the time span for them to understand the fundamentals, and the trial, and error that is involved is what I believe they don't want to go through with the intention of crypto to be the pot of gold.
This is the reason why we see even high rank members asking questions if the market will be bullish again.

[AakZaki]

Indicators are helpful when it comes to crypto trading but they can also be a dangerous or destructive weapon for newbies and the best thing every newbie should do is to first focus on understanding the market itself which will help newbie to understand the fundamental aspect of the market momentum when they started using the indicators.

For beginners who want to learn technical analysis with multiple indicators should be more focused and use indicators not for real trading, use demo trading to test how accurate predictions are made with several indicators used. It would be dangerous to use indicators for beginners without a deeper understanding of these indicators and a good understanding of the market. In addition, Fundamental Analysis is measured using the search for the intrinsic value of an asset. In this analysis, you study the factors that affect the economy from both a micro and a macro perspective. You should also pay attention to the political aspects and industrial conditions of a country to understand the fundamentals of crypto assets.

[suzanne5223]

Indicators are helpful when it comes to crypto trading but they can also be a dangerous or destructive weapon for newbies and the best thing every newbie should do is to first focus on understanding the market itself which will help newbie to understand the fundamental aspect of the market momentum when they started using the indicators.

For beginners who want to learn technical analysis with multiple indicators should be more focused and use indicators not for real trading, use demo trading to test how accurate predictions are made with several indicators used.

You have a point and I believe the bear season is the perfect time for learning every newbie that wants to be successful in crypto trading. However, there are few platforms that allow the use of demo trading for new users and I believe the best thing a newbie can do in this situation is to take a trading class which will even make them to be more serious since they have paid for the course.

Fundamental Analysis is measured using the search for the intrinsic value of an asset. In this analysis, you study the factors that affect the economy from both a micro and a macro perspective. You should also pay attention to the political aspects and industrial conditions of a country to understand the fundamentals of crypto assets.

You're absolutely correct.

[stomachgrowls]

Indicators are helpful when it comes to crypto trading but they can also be a dangerous or destructive weapon for newbies and the best thing every newbie should do is to first focus on understanding the market itself which will help newbie to understand the fundamental aspect of the market momentum when they started using the indicators.

For beginners who want to learn technical analysis with multiple indicators should be more focused and use indicators not for real trading, use demo trading to test how accurate predictions are made with several indicators used. It would be dangerous to use indicators for beginners without a deeper understanding of these indicators and a good understanding of the market. In addition, Fundamental Analysis is measured using the search for the intrinsic value of an asset. In this analysis, you study the factors that affect the economy from both a micro and a macro perspective. You should also pay attention to the political aspects and industrial conditions of a country to understand the fundamentals of crypto assets.

You should really make yourself know about the basics which is understandable for a newbie to be done and on the time that you had made out on familiarizing technicals then it is really the time to make

yourself aware on how fundamental and sentiment works because you cant really able to avoid on not to know or learn up these things considering that it would really be that relevant on knowing this.

Crypto market is really full of news and events which learning up fundamentals would really be that relevant.As a noob then all angles and probabilities of learning up should
really be done if you do really like to sustain or survive into this market.

[palle11]

Besides I don't really understand why someone would like to avoid indicators completely, indicators are calculated in such a fashion in order to trying to bring forward an aspect of the market in which you could be interested in watching more clearly, this means that by not using indicators you are handicapping yourself, an attitude that is incredibly dangerous especially when we have so many traders and bots that are using every single tool available in order to get any edge over you

This is true that the level of the use of indicators have been high because much more traders realize that they can't do without it. Some to try and get most trades right have gone into modernizing the indicators that feel are giving them profit. They also change the parameters of the indicators while more have also been in building of trading robots all in the search for better indicators to win in trade.

[Hypnosis00]

Indicators are helpful when it comes to crypto trading but they can also be a dangerous or destructive weapon for newbies and the best thing every newbie should do is to first focus on understanding the market itself which will help newbie to understand the fundamental aspect of the market momentum when they started using the indicators.

Indeed, it is a vital tool used in trading but of course, it seems useless if we don't understand how it works and is applied in actual trading. And I suggest also exploring and trying other indicators to find what is effective as not all of these indicators work great as it depends on the user. Yet, we never expect that it works perfectly as it was natural to experience losses in trading in the beginning until the time has come that we are able to adjust and adapt the situation. And it needs patience...

[South Park]

Besides I don't really understand why someone would like to avoid indicators completely, indicators are calculated in such a fashion in order to trying to bring forward an aspect of the market in which you could be interested in watching more clearly, this means that by not using indicators you are handicapping yourself, an attitude that is incredibly dangerous especially when we have so many traders and bots that are using every single tool available in order to get any edge over you

This is true that the level of the use of indicators have been high because much more traders realize that they can't do without it. Some to try and get most trades right have gone into modernizing the indicators that feel are giving them profit. They also change the parameters of the indicators while more have also been in building of trading robots all in the search for better indicators to win in trade.

And many traders go even farther than that, as we know there are hundreds of indicators but those indicators do not appear out of nowhere, in fact some of the best traders ever developed those indicators and the success they got was so massive that this is the reason many other people decided to adopt them, so not using indicators to trade the markets is like driving a car without a speed indicator, it can be done but I would not recommend that to anyone.

[ItsCrafty]

Indicators are highly essential because they forecast future market sentiment, and if the mobility is interpreted, one can profit conveniently. I also believe that if one focuses on the market, it is decent and an indicator is not necessary. However, I believe that some users benefit without using indicators simply by maintaining an attention on the market price.

[Natalim]

Well, I suggest newbies just focus on the price chart and make use of this for market analysis. It wasn't easy as we think and really hard if you have no interest in doing this. But since we deal with the risk upon trading, then we have to do this otherwise, failure is what we get in the end.
As a newbie, experience is really a huge contributing factor to our success. Like losing is certainly going to happen before we started to earn. And if we can't afford to lose money, I don't think trading will be the right place for us. 

[Hamphser]

Well, I suggest newbies just focus on the price chart and make use of this for market analysis. It wasn't easy as we think and really hard if you have no interest in doing this. But since we deal with the risk upon trading, then we have to do this otherwise, failure is what we get in the end.
As a newbie, experience is really a huge contributing factor to our success. Like losing is certainly going to happen before we started to earn. And if we can't afford to lose money, I don't think trading will be the right place for us. 

Once you do touch up trading or even simply with investment here on cryptospace then it would really be just normal that you should really know on how to read up charts.Then what are the things needed up for you

to do so? Of course you would really be needing on knowing how to read up into those indicators which should really be a standard thing since these things could really make you able to read up somehow on where

price could possibly go.It might not be 100% precise but at least you arent doing such actions without any basis since it would really be just pure gambling.This market
cant really have news from time to time thats why its ideal that you should make yourself that knowledgeable on these things.

[RealMalatesta]

Well, I suggest newbies just focus on the price chart and make use of this for market analysis. It wasn't easy as we think and really hard if you have no interest in doing this. But since we deal with the risk upon trading, then we have to do this otherwise, failure is what we get in the end.
As a newbie, experience is really a huge contributing factor to our success. Like losing is certainly going to happen before we started to earn. And if we can't afford to lose money, I don't think trading will be the right place for us.  

Even newbies who start to earn a lot during the bull run, could end up losing it all back if they are not careful. I have met with a few of them, they made insane returns from 2020 to 2021, but then they lost it all and then some during 2022 bear run, because they weren't ready for it.

I have never lost money on bitcoin that I wasn't ready to lose, in fact I may have never truly "lost" money here at all, sure made less profit than I could, like go from 100 bucks to 500 bucks then sell for 400 type of deal, but not lose from initial capital, why? Because I am capable of waiting for the bear market to be over, newbies usually do not feel they can wait, and that is why they lose.

[Mpamaegbu]

Well, I suggest newbies just focus on the price chart and make use of this for market analysis.

This is easier said than done. It's not even enough to only focus on chart reading. By the way, come to think of it, chart reading isn't an easy thing to do. Let's also remember that there are traders today who can't identify basic trade patterns but some of them are still profitable. Perhaps maybe because they depend heavily on signals. Reading candle formations and relating it with other indicators are necessary skills anyone should've if they want to be good at picking trade signals on chart by themselves. Knowing how to read charts is important but not everyone is endowed to know how to do it.

[Munir575]

Here's what I'd suggest. You won't need to employ many indicators if you understand the reasoning and concept behind them. While traders who employ a plethora of indicators, such as those you see on YouTube, with all those fancy charts, are frequently unsuccessful, those who use only horizontal support and resistance can be phenomenally rich. Select an identifier, Command it and if you notice that your results improve after adding more, do so.
There is a ton of useless trading content available. Try to comprehend that the promotion of done-for-you black box systems and get rich quick indicators is a business model for earning money off of retail traders. Avoid falling victim to the trap.

[Nrcewker]

It’s better if you learn trading and watch the market, if you can’t do this then no options left other than looking to the indicators.
I mean it’s always better to do the work of your own and rather than depending on other people.
Same goes here. If you can yourself learn how to see the market and use it, then definitely it will give you more profits from the indicators.
Nevertheless at the end of the day, you need to decide what you want. All the best for your trading journey OP.

[traderethereum]

On a daily basis, many persons pick interest in cryptocurrency trading but eventually get scared never returning cause may be due to one or more losses serially experienced in the trading due to perhaps their focus.
Today almost all of the internet sites, trading books/newsletters, seminars etc, focuses on indicators (which is all about analyzing) instead of diverting a good percentage of focus on the market.

For the purpose of discussion. Owing to the complexity and how confusing indicators could be, which would you rather advise for a newbie to place much focus on between the Market (trading without indicators), and the Indicators, and why?

Trading using indicators is recommended because indicators function to find out where the market will move and we can see how it moves in a day, week, month, and year.
We can get a lot from indicators that will be useful for our analysis before determining when to enter the market.
With so many indicators available on the exchange, you don't need to learn all of them because it will take a lot of time and understanding so maybe you will need 3-5 indicators to help you in your analysis.
If you trade without indicators, you may be gambling with yourself because you only guess where the market will go without knowing which direction.