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Author Topic: Would you advise a focus on indicators or the market itself for a newbie.  (Read 497 times)
Nrcewker
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September 21, 2022, 12:48:36 AM
 #61

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.

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traderethereum
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September 21, 2022, 07:02:40 AM
 #62

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.

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