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Signals to Buy Cryptocurrency

Signals to Buy Cryptocurrency

Trading in cryptocurrencies and investing in various types of such coins became a real panacea in terms of maintaining material prosperity during the downturn of the world economy. These assets allow you to save and increase your funds in the long term and earn money for everyday needs in the foreseeable future. All this is possible if the following conditions are met: the presence of an initial deposit and the ability to buy cheaper and sell more expensive.

Since not everyone is ready to spend several months mastering all the subtleties of such analytics, services with trading signals for cryptocurrencies have appeared. Their essence, the rules of choice and use will be discussed further.


What are cryptocurrency buy signals?

Signals are advisory notices, notifications, or visual marks on the chart that indicate the prospects for buying or selling a particular cryptocurrency.
They make it clear the main parameters of the upcoming transaction:

  • which cryptocurrency is better to open an order for;
  • in which direction will the price move-to rise or fall;
  • at what price level it is necessary to close the deal and fix the profit.

In addition, the signals may indicate points on the chart where it is desirable to stop trading, if suddenly the calculations turn out to be incorrect (yes, the signals are also not always perfectly accurate).
The signals are intended for traders and investors. In the first case, they are short-term, and are calculated for a period of several minutes to several days. In the second case, the investor plans to make a profit on the growth of quotations in the long term, and signals for the purchase of cryptocurrency are focused on a period of several weeks to several months or even years.


Types of cryptographic signals

Taking into account the time differences between the described situations for traders and investors, we can distinguish such three categories of trading signals designed for operations with cryptocurrency:

  • Short-term.
  • Medium-term.
  • Long-term.

But the classification is not limited to this-there are three types of such notifications based on availability:

  • free – fully available for all categories of participants in the cryptocurrency market. They are published on open services and platforms, they can easily be found on the Internet and even subscribe to them;
  • conditionally free-they are also available without strict conditions except for one-the user must be registered either on the service where the signals are broadcast, or on the website of a specific crypto exchange or with a specific cryptocurrency broker;
  • closed-such signals are provided to a narrow circle of investors and traders under certain conditions. These conditions may include adding a specific amount to an account with a partner company, paying for the service or analytics costs, or meeting the conditions for the number of open transactions.

Naturally, taking into account this classification, such notifications about the prospects of buying or selling are paid and free.
In addition, the signals differ in the analysis algorithms. They can be based on the fundamentals of fundamental analysis, the economic calendar, the Martingale principle, Elliott waves, oscillator readings, candlestick or graphical analysis models.


Pump signals

Special attention should be paid to the so-called pump signals. First you need to understand what this term is and what lies behind it. In fact, this is an artificially created hype around a certain coin, usually quite young and cheap. Pump notifications aim to provoke inexperienced investors to invest in such coins the maximum of their capital in the hope of intensive growth of quotations and, accordingly, huge profits.

In fact, the big players are not going to invest in these coins, and are waiting for the peak maximum price to sell the coins bought for almost nothing to novice crypto traders.
However, even beginners can avoid this hook, which is thrown to them along with the bait by experienced participants. And it is enough for them to pay attention to some signs of signals for cryptocurrency pumps:

  • a sharp increase of more than 5% from the initial quote;
  • no coins in the top, at least - in the first 50 positions;
  • little-known coins with extremely low cost are growing;

Suddenly, there is a surge in information about the growth of this cryptocurrency.

If all these signs were noticed late – then all is not lost, since at the peak there will be a period of decline and growth with frequent alternation. And at this point, it is advisable to get rid of the coins purchased earlier, as soon as the price becomes higher than the purchase price.


Where to look for trading signals on cryptocurrencies

Signal compilation is a vast field of activity, where there is a place for both experienced traders, artificial intelligence, and, sad to say, outright scammers. Signals are usually broadcast in group accounts, channels, or on exchange websites. Common signal sources for cryptocurrency trading:

  • channels in the Telegram service;
  • trader forums;
  • social networks – special groups and profile pages;
  • mobile apps;
  • bots and programs that can collect and analyze information from various sources.

Recently, the most comfortable and fast conditions are represented by telegram channels. In closed channels, signals for different types of cryptocurrencies are published with entry and exit points, desired volumes, and an indication of the timeframes in which the analysis was conducted.


How to choose signals for trading cryptocurrency assets

As you can see, there are many sources and varieties of signals for the purchase of cryptocurrency. This makes it difficult to choose, but you can rely on the basic signs of reliability – this will help you avoid risks and not spend money on false signals from scammers:

  • availability of a financial license or certificates from the signal provider;
  • availability of reports on the site with signals;
  • uninterrupted and competent feedback;
  • availability of a legal address;
  • duration of the service or channel activity;
  • the number of subscribers to signals for cryptocurrency trading;
  • reviews of accuracy on independent sites.

It is also advisable to conduct your own audit. Namely, to mark several open signals, record their indications for entering and exiting a trade. Then track whether the signal is triggered in plus or minus. And after a few days, check whether the supplier has changed the characteristics of the signal retroactively.

With this approach, trading cryptocurrency using trading signals will become reliable, fast and profitable.

 

IndexaCo

 

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IndexaCo
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How to choose a reliable broker
How to choose a reliable broker At the end of the last century, the forex market emerged. The currency began to change its rate due to the influence of external factors. The first brokers appeared as early as the beginning of 1990. Now the market is full of unique offers from traders. Therefore, making the right choice was not as easy as it may seem at first glance. It is worth understanding what you should look for when choosing a broker. The right broker can be distinguished by the following features: considerable professional experience, official working license, comfortable working conditions, quality customer service.LicenceThe broker's activity is an intermediation and implies the execution of transactions. It is regulated at the legal level. Experts believe that the licence proves the transparent work of the company. It proves the safety of personal data and client funds.How important is professional experience?Many people do not pay attention to this criterion. It is worth mentioning that it takes time to develop effective strategies. Young brokers can only take their cue from someone else's knowledge. There will be no proper impact in this case. To develop your own strategy, you need experience in the work. There are also unscrupulous firms that attribute a few years of work to themselves. The authenticity of such data can be verified online. This is important as there are many fly-by-night companies. The client should double check the facts about the broker's activities. This will save him from crisis situations in future.Comfortable working conditionsWith this criterion, the client can check how comfortable the broker's platform is to use. This is a very important criterion. The service should be supported by modern gadgets. In addition, the software should be regularly improved. The data should be transferred clearly and smoothly. It is very important that a trader gets access to global trading exchanges and all the additional tools to control the transactions. A stylish website interface will attract an additional number of clients. The fast payout feature will differentiate the broker from its competitors. It is better to place useful information easily accessible. Trading signals should inform the client in advance. The underlying assets should also be available. The client should not look for another broker. All options should be managed through the personal locker.Withdrawal of fundsThey should not restrict the user in the options of withdrawing the money earned. The fewer options for payment systems, the lower the platform rating. Global banking networks are as secure as possible. It is tried and tested. Replenishment is interest-free. All data is reliably protected. It is important that the broker can guarantee prompt withdrawal of funds.Customer serviceThe staff should be competent. Regardless of the client's experience, the staff should be able to provide adequate support. Questions may arise at any stage of using the software. In this case, the operator must be able to familiarise the client with the functions of the system to reveal its main advantages. Enquiries should be dealt with promptly. In addition, the broker's website should provide materials for self-study. Verified users are usually given access to additional study materials. Support staff should be available via live chat, email or phone.ConclusionThe above points are the most important criteria for choosing a quality broker. It is better to study the features of the software even before registering. Special attention should be paid to the length of time the office will operate and the availability of a licence. Special care helps to avoid problems. A broker must be credible. The broker's job is to provide comfortable software for users. IndexaCo
30.04.2021
IndexaCo
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8 psychological tips for becoming a successful forex trader
8 psychological tips for becoming a successful forex trader To be a successful trader in the financial markets you need to follow these tips.1. Do only one thing and do it right.All you have to do is become an expert in only one type of trading. There is no need to trade 10 different trading strategies. Focus on just one system. Learn it perfectly, understand it and become an expert in it. If you do it well, you can become a very successful marketer.For example, trade only one type of trade over and over again and don't think about stop-loss placement and entry. The only thing to think about a bit is the location of the profit target.2. In trading, patience is generously rewarded.Patience pays off, and patience is probably the most important thing in trading. Successful traders can patiently wait for their perfect trading signal. Even several days. Many amateur traders trade mainly for fun and adrenaline or simply because they need to do something all the time.3. the best time to trade is when everyone thinks otherwise.When you think about it, it makes sense. The best time to buy is when everyone is sure the price will fall. Conversely, the best time to sell is when everyone is sure the price will rise. This simple change of perspective can yield incredible profits, even if you look like a fool (in the eyes of other marketers).4. There's nothing wrong with being wrong.Sometimes it happens, and it's definitely not a reason to panic. If it happens, the easiest thing you can do is just close the deal and wait for the next one.5. Let the business come to you.Take your time to trade on fifty different currency pairs and ten different timeframes. Wait for the market to show its cards. The most important and most difficult thing in trading is the art of waiting. Watch the market and wait. Wait for the market itself to offer you the opportunity to make a trade with a high probability of success. Many novice traders enter a trade for no reason at all. Successful trading means monitoring the market and being ready for the market to offer you money (the perfect trading signal). When that time comes, the successful trader quickly seizes the opportunity the market offers him.6. Create your trading style.Some "experts" say things like "Fibonacci doesn't work!" Or "never trade announcing new news", or "scalping in forex is impossible". But one thing is for sure. It doesn't mean you have to reinvent the wheel to become a good trader. It doesn't matter to trade like other successful traders. The point is that your trading style has to make sense to you.That's exactly what we recommend you to do. The easiest way is to adopt a strategy from one successful trader, and adapt it to your liking as it suits you. You will understand your strategy, it will make sense to you and therefore you will trust it.7. Trading should entertain you.Like anything in life, if you enjoy something, you are willing to sacrifice all your time and do it 110%. You need to know as much as you can about the markets. You need to have the strength to persevere and be able to change your ideas and beliefs.8. Everyone has moments when they fail.Even the best traders sometimes have their worst periods in the form of a series of losing trades in a row. But the most important thing is not to lose confidence in yourself and your trading system. The next time your signal to enter a trade comes up, you just need to open the trade, even if you had 5 losing trades in a row before. You have to really trust your strategy. And that's how you should look at a series of losses. It is important to know that in the long runyou will get back that lost money and some more, so there's really no reason to panic. IndexaCo
28.04.2021
IndexaCo
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