DO TRADING APPS REALLY HELP IN TRADING CRYPTO CURRENCIES AND FOREX ( GUIDE FOR BEGINNERS )

I can vividly remember when I started using trading view apps for analysis. I really didnt know my way around apps at the time.

I am sure this has happened to many Beginners in Crypto Currencies and Forex Trading.

So I went back to my favorite youtuber to watch setups and how to trade. I didnt visit YouTube straight,I already took some mentorship classes before the channel was recommended to me by my mentor.

One of the strategies that caught my attention was the use of indicators in trading. I made indicators my priority instead of using them as confirmations for trading.

Once I opened my chart,next thing I picked random indicators and fix’s here and there trying to Indicate what? Rubbish ?

It was so confusing and overwhelming.

I usually use the ema,macd,RSI and stochastic systems, but due to the fact I can only use a maximum of 3 indicators, I often delete some indicators, so I could add more indicators like the Bollinger bands etc.

Now where does this affect me?.I would literally be watching the charts for hours but nothing would come out of it.

I didnt know how to practice the saying that “let the market come to you”. You can’t detect when the market comes to you when you use indicators because they are lagging most times especially the ema.

I used to think that the dirtier the chart, the higher productive I would be.

I felt it was necessary to put in all the indicators,trend lines,rectangular block and other tools in order to be a perfect trader.

But I didnt know, I was getting it wrong because, it usually works the other way :- the cleaner the chart, the easier the trade!

During this journey I have come to realize that there was something called demand and supply,Order blocks, inefficiency,inverse relationship between Btc and usdt and also fundamental news like the FOMC,CPI etc.

I came to realize that Learning and training before I enter the Markets was more important than just jumping in blindly trusting in my app to think for me.

I have come to know all these come together to affect how we trade.

I don’t discourage you from using indicators but you should kinda use it as confluence to your strategy and studied knowledge.

I normally use the supply,demand,order block strategy in confluence with RSI indicator these days.

I hope to learn more as time goes on about apps and indicators.

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After a thorough study of indicators and the app you want to use, it can be profitable and of help to you as a beginner in Crypto Currencies and Forex Trading.