What are the best tools for trading cryptocurrency ?

zainh332

Junior Member
Joined
Sep 21, 2015
Messages
184
Reaction score
40
Can anyone please tell me what are the best trading indicators we should use in trading cryptocurrencies ?
 

Kaizen777

Junior Member
Joined
Jan 2, 2018
Messages
154
Reaction score
40
What do you mean tools? You mean which exchange to use?
 

Gadot

Junior Member
Joined
Sep 30, 2017
Messages
123
Reaction score
280
LWuqWJW.jpg


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.
 
Joined
Jul 12, 2018
Messages
20
Reaction score
6
Website
www.allaboutspace.shop
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

Regular Member
Joined
Aug 11, 2016
Messages
363
Reaction score
124
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.
 
Joined
Jul 12, 2018
Messages
20
Reaction score
6
Website
www.allaboutspace.shop
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

Registered Member
Joined
Jul 18, 2018
Messages
88
Reaction score
22
Buy a trading book and watch some trading videos on youtube and see what other traders value. Then create your own strategy
 
Joined
Jul 12, 2018
Messages
20
Reaction score
6
Website
www.allaboutspace.shop
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

Junior Member
Joined
Sep 21, 2015
Messages
184
Reaction score
40
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
 
Top