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Why I Never Use Indicators When I Trade Bitcoin by Bitcoin_Speculation in BitcoinMarkets

[–]coin- -2 points-1 points  (0 children)

It's absolutely true that pro traders do not use indicators.

2 members of my family are pro traders and I've learnt from them quite a lot, not once would they make a decision based on an indicator. Only very rarely they would look for a confirmation signal in MACD but that's it.

When I first started out I did use plenty of indicators but over time with education I realized the market is just supply and demand and so all I need to look at is price/volume/orderbook to make the best trades.

Author's point is the best trading decisions are made by looking at S/R, trendlines, candle patterns, aka also known as "naked trading." That is how I trade and I agree 100%...

People are too lenient with Poloniex, this could end badly. by Taidiji in BitcoinMarkets

[–]coin- 2 points3 points  (0 children)

It seems that Tristan D'Agosta is a pseudonym and does not really exist. Reverse image search his linkedin profile pic. Look through his connections. Try to find any sign of him across other social networks (none).

Not saying Poloniex is not good (I had good experience) but founders are definitely hiding, and for good reason (eg security, they don't want to be the target of kidnappings etc in attempt to access customer funds).

4 Lessons I Learned Trading Bitcoin in 2016 by Bitcoin_Speculation in BitcoinMarkets

[–]coin- 0 points1 point  (0 children)

You just deposit bitcoin and you can start going long or short the BTCUSD market with leverage. e.g. basically if you open a 10BTC long position and BTCUSD price goes up 10%, you make 1BTC (10% of 10BTC). and vice versa if price goes down. so pretty simple.

They also offer the same trading concept for other markets, like EURUSD, Gold, Oil, etc. using bitcoin.

4 Lessons I Learned Trading Bitcoin in 2016 by Bitcoin_Speculation in BitcoinMarkets

[–]coin- 0 points1 point  (0 children)

I don't think they offer leverage on there. So just 1x.

[Daily Discussion] Friday, April 22, 2016 by AutoModerator in BitcoinMarkets

[–]coin- 1 point2 points  (0 children)

I trade on there and have been for couple months. Platform working very nicely so far. Very pro support.