What are the best tools for trading cryptocurrency ?

[zainh332]

Can anyone please tell me what are the best trading indicators we should use in trading cryptocurrencies ?

 

[Kaizen777]

What do you mean tools? You mean which exchange to use?

 

[zainh332]

What do you mean tools? You mean which exchange to use?

i mean that rsi etc etc

 

[Gadot]

But all jokes aside, there's an entire crypto section on this very forum for you to explore.
https://www.blackhatworld.com/forums/cryptocurrency.218/

Just so we are on the same page, I'm not involved in crypto trading in any way, shape or form so don't blame me if anything goes wrong

PS: Reported your thread so it can be moved there as well.

 

[davids355]

Thread moved.

 

[zainh332]

anyone?

 

[Strawberry John]

anyone?

Hi! From my experience, all you need is mastering EMAs, RSI and Stochastics. Sometimes Fibonacci retracements can be used but theres no NEED for them.

Oh, and the MOST important tool for a trader is Horizontal Support and Resistance. Fortunes can be made with only S/R trades.

 

[paja93]

Hi! From my experience, all you need is mastering EMAs, RSI and Stochastics. Sometimes Fibonacci retracements can be used but theres no NEED for them.

Oh, and the MOST important tool for a trader is Horizontal Support and Resistance. Fortunes can be made with only S/R trades.

What about bollinger bands, i think they shouldn't be forgotten. It depends how he is planing to trade.

 

[Strawberry John]

Bollinger Bands are also a good indicator, and I'm sure there are other.
For my, and from my experience, I can read in the EMAs the info BB would provide. It all boils down to what you like most, really.

But you have to master them to trade profitable. You have to understand market cycles and market psychology and how some indicators will act a little bit different in a bear market vs a bull market.

 

[BTCgrinder]

Buy a trading book and watch some trading videos on youtube and see what other traders value. Then create your own strategy

 

[Strawberry John]

I recommend "Trading in the Zone" by Mark Douglas - helped me a lot with emotions.

YouTube is full of people who claim to know a lot but actually... they don't know shit. It's very easy to get misleaded by someone who only started trading in the 4 year bull market we had.

If you want to learn from someone with real experience, search for Krown Crypto Cave on YouTube. Don't take my word for it, watch his livestreams and you'll see. Only since I found him I can say I became a consistent trader. He offers SO MUCH info for free, but also has a paid course.

If anyone want to learn more about it, feel free to ask below.

 

[zainh332]

I recommend "Trading in the Zone" by Mark Douglas - helped me a lot with emotions.

YouTube is full of people who claim to know a lot but actually... they don't know shit. It's very easy to get misleaded by someone who only started trading in the 4 year bull market we had.

If you want to learn from someone with real experience, search for Krown Crypto Cave on YouTube. Don't take my word for it, watch his livestreams and you'll see. Only since I found him I can say I became a consistent trader. He offers SO MUCH info for free, but also has a paid course.

If anyone want to learn more about it, feel free to ask below.

Thanks pal