Do you read charts when trading crypto currency?

[Phabbyfundz]

Charts are really important in forex trading which helps traders to be able to predict the outcome of the market judging from it's performance as at the time of checking the charts.

Some exchange wallets like binance also come with such kind of charts like the line charts that helps you to see how the coin is performing at the moment.

Do you check or read the charts when you want to invest in Crypto currency and has it been helpful if you do?

 

[Heatman]

There is no way you can trade on cryptocurrency without making use of charts because you cannot go into trade blindly otherwise you are going to lose every penny that you used in the trade. The charts is what shows you the cryptocurrency price movements which is what is going to determine how you are going to trade in order for you to make profit.

 

[Genie01]

The chart is an essential part of trading, infact if you would take away the charts and technical analysis it would be nearly impossible to find profitability.
It is in the charts we analyse and backtest in order to know where price is going to on a long and short term basis.

 

[Phabbyfundz]

There is no way you can trade on cryptocurrency without making use of charts because you cannot go into trade blindly otherwise you are going to lose every penny that you used in the trade. The charts is what shows you the cryptocurrency price movements which is what is going to determine how you are going to trade in order for you to make profit.

It's safe trading by following the charts but that isn't a guarantee that your predictions would be correct and go accordingly.

Most people just buy because of the fundamental analysis and not because they made any chart reading to back up their predictions.

 

[UsmanAmoyo]

The truth is, reading charts is very important to a trader .
Although, it is possible to trade and be profitable without reading charts but having the skill of reading chart can be a superior advantage to the trader and adds more confluence to the trading system.

 

[eenya00]

reading of chart is very important as it helps you to make inform decisions one that is void of sentiments and hearsay, as you are looking at the fact directly, entering a trade without looking the chart can be very dangerous.

 

[Anachiwo]

If you don't know how to read charts, getting into cryptocurrency trading is a good waste of your time and money.

You should never use copy trading. Learn how to chart your trade and enter it with your findings.

 

[Ronald]

Charts are really important in forex trading which helps traders to be able to predict the outcome of the market judging from it's performance as at the time of checking the charts.

Some exchange wallets like binance also come with such kind of charts like the line charts that helps you to see how the coin is performing at the moment.

Do you check or read the charts when you want to invest in Crypto currency and has it been helpful if you do?

Charts really aid investors to be able to make informed guesses on whether the value of a cryptocurrency coin will appreciate or depreciate. This is the key to making profit or loss so the charts are really important

 

[Georgeadawara]

Reading charts when it comes to trading forex or any crypto currency is not a bad idea, because it gives one idea about it's future rate.

 

[Immilash]

If you are a forex trader ams you don't look at your chart that means you don't know what you are doing, if you know what you are doing then you have to look at it because that's the only way to can know the right time to buy and sell.

 

[Anachiwo]

If you are a forex trader ams you don't look at your chart that means you don't know what you are doing, if you know what you are doing then you have to look at it because that's the only way to can know the right time to buy and sell.

Even cryptocurrency trader can't trade without using charts. It's the chart that's going to tell when to buy long or sell short.

 

[Shaffy]

I

Charts are really important in forex trading which helps traders to be able to predict the outcome of the market judging from it's performance as at the time of checking the charts.

Some exchange wallets like binance also come with such kind of charts like the line charts that helps you to see how the coin is performing at the moment.

Do you check or read the charts when you want to invest in Crypto currency and has it been helpful if you do?

I use Binance to trade, and use the charts with a number of indicators to determine entry and exits. My favorites are the RSI, EMAs, and sometimes Bollinger bands. Volume can be good from confirming your bias and trend direction.

 

[Mr.Sotherefore]

There is no how you can trade cryptocurrency conveniently without reading of chat. It is necessary but you will need a professional training to be able to read this chat to a high degree of accuracy.

 

[Shaffy]

There is no how you can trade cryptocurrency conveniently without reading of chat. It is necessary but you will need a professional training to be able to read this chat to a high degree of accuracy.

You don't necessarily need a lot of training. A lot of successful traders are self taught (or so they claim). I think it's possible since there are a lot of free resources and with a lot of practice using small amount of money.

 

[Nomad]

I don't trade. However, I read charts, this helps me to invest in better crypto assets.

 

[frederick_9]

There isn't always a requirement for extensive training.
Many profitable traders are self-taught (or so they claim).
Given the abundance of free resources and the fact that it only requires a minimal investment over time and experience, I believe it is feasible.

 

[nana kwasi]

The chart is a crucial component of trading; in fact, without charts and technical analysis, finding profits would be quite difficult.
To determine where price is headed in the long and short term, we analyze and backtest the charts.