WHAT ARE TECHNICAL INDICATORS IN CRYPTOCURRENCY TRADING - BY @BLISSUJU| 10% PAYOUT TO THE COMMUNITY ACCOUNT

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Hello to everyone in this community. it is a great pleasure to be here once again, it is a great week to begin with and I want to begin this week by sharing with us all about an important topic in trading cryptocurrency in the crypto market.

Many newbies do no understand how trading works in the crypto market, it is not a place you can go to physically to buy and sell for we have many applications that help us do that.

I will be discussing about the various application where we can execute our trades but for today, I will be talking about what are indicators in crypto currency trading so stay with we as we start.

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Crypto currency trading like I said earlier is not just a normal trading that we all know. it is not a common trade that you do in a grocery store where you pick your money to get items, not at all.

It is a kind of trading that is been done in the market with crypto currency and hence we have two types of order in which we place in the market and they are the buy order and the sell order.

When you want to buy a cryptocurrency you have to place a buy order in other to do that and when you want to sell a crypto currency you have to place a sell order.

That having been said, we will now have to consider the fact that a crypto currency trader do not just launch the trading application to trade, it is not done that way.

As a good trader, you have to know what is happening in the crypto currency market before you place your trade orders or else your funds is as good as gone. a proper trader do not just trade ignorantly.

One is expected to have the the technical knowhow of trading before executing a trade in the market for that is how things are done.

For you to know the necessary things that are expected to be carried out before you execute your trade are crucial in other for one not to liquidate his or her account in the crypto currency market, a proper analysis is expected to be carried out.

With a careful understanding of the trading chart, one gets to stand an edge to make profit in the market and that brings us to the discussion of today.

WHAT ARE CRYPTOCURRENCY TRADING INDICATORS?

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Indicators as the word is pronounced, they help to reveal the past and also help us predict the future trend of a cryptocurrency.

It reveals to us what the market has been doing and how sellers and buyers are performing their activities in the market. it reveals the trend the market is moving on and the previous momentum of the price of the said cryptocurrency.

It also shows how well a crypto currency is purchased and how well it has been sold too.

It also predict the next movement of the cryptocurrency to some extent and this is done buy analyzing or revealing what the market has done already.

This is a great approach in trading, with the indicators, an experienced crypto currency traded will not be misled that easily. it also help the newbies in crypto trading to also have an idea on what the market has done previously, what the market is currently doing, and on what trend movement the market may liking to move on.

With all of these been said, I believe we all know the use of an indicator, for it helps us to see what the market has already done previously and where the market is currently standing on and what may likely to be the next move of the market.

Also note that, every minutes, there is a movement that occurs in the market and with this indicators, they help to reveal such movement so that we o not miss anything in the crypto currency market trading.

We equally have two types of technical indicators in crypto currency trading and I will be telling us how they operate in the crypto trading market.

THE LAGGING TECHINCAL INDICATORS

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The whole idea is to understand these indicators and choose the accurate indicators you deem-fit to work for you. now the lagging indicators as the word describes it lag.

This indicates that, the lagging indicators can not provide a clear picture of what the crypto market is like to do in the later trend. the lagging indicator's functions are limited to just the past and the present but can not carry on to know the future trend in the market.

It can only show us what the market has done already and it activities but can not determine what he market will do later.

So the lagging indicators are well designed indicators that are only made and strengthened to tell us about what the market has done in the past trading movement and what the market is currently doing right in our before.

But then it functions and perfectivity of these indicators can not show us what he market will do ahead, so it can not detect the next trend movement in the crypto market and hence it is meant for traders who are already conversance and who already knows it functions and how to make use of it.

THE LEADING TECHNICAL INDICATORS

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Now the leading indicators is the opposite of the lagging indicators. the leading indicators are indicators that shows us vividly about the market information which comprise of, what the market has done already, what the market is currently doing and the next step the market is likely to take in crypto trading market.

So all of the needed information is given by these indicators and with these indicators, a trader is gets an edge above the crypto market.

With the leading indicators, newbies in crypto trading will be confident enough to execute trades, but first of all, a traders is expected to analyze the chart and then insert the indicators in other to get a clearer vision of what the market is currently doing.

so knowing fully well that the market has underwent a particular trend as indicated by the technical indicators, a trader can then choose to execute a trade to the opposite direction in which the market has gone to.

Because often times, when there is a movement in a particular trend for sometime, there are certain predictions that the market will retrace back to the opposite direction and if that happens, the trader will then be in profits already.

The leading indicators will help us as traders to make a perfect entry while trading in the crypto currency market and also it helps to limit losses after a proper technical analysis of the particular crypto currency is done.

_{So this will make us not to make silly mistakes in the trading market. I will be explaining more about the types of leading and lagging indicators and also their functions too in our next class for now let us all grab this and make use of it until when next I come.}

Thank you all for your time, I will see you all in no distant time but for now goodbye to you all.