Using indicators will make it easier for you to trade cryptocurrencies:

Many people, along your path to trading growth, will have told you that they do not use indicators and that it is not recommended to use them, since they carry a high degree of risk.

However, this is not entirely true, since if there is risk, it depends on the indicator you use, the strategy you have for that indicator, the values ​​you have modified and the risk management and profit taking you use.

There are many ways to trade, even though there is always a discussion about what is right and what is not, you must do your own search for what is best for you.

Each path is totally different, starting with little money is not the same as starting with a lot, the way you will grow will be different and you will not be able to avoid losing at the beginning.

What is an indicator?

An indicator is a tool that will allow you to speed up your analysis with the simple fact that it indicates the exact moment in which you should enter an operation.

Why is it good to use indicators?

Simply because when putting together your strategy or your algoritm, it will only be enough for you to take a look a few times a day or it depends on the timeframe you use, because visually, as its name says, they will be indicating it to you.

So this is a great advantage for you, simply by entering the chart and seeing your indicators, you will know if you are going to have a trade, if it is not the time yet or if there is nothing to do, just that.

Indicators will help you:

Catch the signals when entering a trend, so you can take profits from both an uptrend and a downtrend.

Some indicators will help you not to enter ranges, which is very important if you are a swing trader and trade only trends, since these types of ranges are the ones that most cause you to burn your accounts.

Finally, the indicators will allow you to do a backtesting before putting it into practice with real money, how to do it? Easily in tradingVew there are a lot of indicators that you can put to the test and search on Youtube for tests of those indicators to see how they are used, all this you can do since the currencies work with a certain cycle, like bitcoin, we can participate with old patterns of bitcoin and make 100 operations analyzing its pros and cons.

What should an indicator have?

It must not be a very fast tool, because if it acts aggressively, it may send you a lot of signals that may be false or make you lose.

Not too slow, because it may make you lose good trades or enter them very late, leaving you with only losses.

And that you can modify its settings, as I told you, does not work the same for a large capital than for a small one.

Finding a balance is the best option when trading with indicators.

In conclusion, using indicators is a way to save time and analyzing charts is a faster way to get your analysis out.

Besides, not using indicators is much more risky than it seems, since you never know what exactly will happen to the currency.

Remember, you have to look for an indicator that suits your budget, put it to the test and modify it, I have tried several indicators and after 6 months I finally found one that helps me a lot with my operations.

Finally, it would not hurt to investigate some indicators, I promise you that they would facilitate your work in trading.

Thank you very much, I hope you liked it and do not forget to leave your opinion, I will read it with great pleasure, dear reader.

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