Bitcoin Trading strategies without indicators

To trade bitcoins in Forex markets must required a long strategy to consist values for wealth. So, Finding a perfect bitcoin or Forex trading strategy is of great importance for every single trader.

Use different way to test it out and see that your strategy is performing well in the market. Some times, some strategies do fail, but what is important is that you continue to learn and explore.

Many trading alogarithms are available into the market. It looks like complicated and confusing, especially for beginners.

When you are reading the chart in a proper manner then, you might feel lost and unclear as to what to do next and how to proceed. But Don’t worry in this condition. You are not the only one who goes through this.

There are simpler approaches to trading and we are going to explore one of them right now.
Trade without indicators or Charts:

We are very honest for this solution because many traders enjoy looking at the charts and search for indicators. But sometimes they win the race but next time they are paying a lot for this and then after they loosing money and at last they stopped.

There is absolutely nothing wrong with that. But a constant search for that perfect indicator might leave you tired and discouraged. If that is the case, you might want to take a step back and try a different approach to trading.

Forex strategy without indicators might sound more risky than 1 minute Forex scalping strategy that is proven to be one of the most successful. The truth is that type of trading method might be ideal for some traders, especially for the ones that trade with the best ECN Forex brokers, just because it is simple and not complicated at all. In my personal opinion, every trader should learn how to trade without indicators at some point. Mastering this method will help you learn more about trading Forex.

You will be focusing on the present movement, comparing it to the past performance, and making decisions on the spot.

It does sound easy, doesn’t it? Well, it is most of the time.

 

Bitcoin, Trading, strategies,indicator,Forex,Markets,financial,portfolio

Guidelines for how to set up Forex strategy or trading without indicators:-

Clean up your charts. Remove all indicators you possibly can from them.
Draw trend lines on your weekly timesheet.
Do the same with your daily and hourly timesheet.
You need to keep your eyes open and monitor the charts.
Check few things into the chart is:

Current value of stock or shares,
Trending direction is heading,
The past performance and how it relates to the current standing,
Read chart according this method and without any indicators, it will start making sense to you. It can be a game changer for your trading style.

Best Forex strategy without indicators is usually the least complicated one, so remember to keep it simple.

mdoctny4

Bitcoinsblock.com is a educational portal for future currency "Bitcoin". Bitcoin Digital Currency is a solution for payment beyond any regulation & country. It's a independent or open source money for all. To know more, connect with us!

5 thoughts on “Bitcoin Trading strategies without indicators

  • December 21, 2016 at 8:46 am
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    Woot, I will ceanritly put this to good use!

    Reply
  • December 21, 2016 at 9:53 am
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    Your hosnety is like a beacon

    Reply
  • December 21, 2016 at 10:23 am
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    Superbly ilnmiulating data here, thanks!

    Reply
    • December 22, 2016 at 7:24 am
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      Thank You!

      Reply
  • January 5, 2017 at 6:43 am
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    According to Overseas Development Institute (ODI) report, Africans are paying the world’s highest money transfer fees; average 12 in fees to transfer money back to relatives in Nigeria. In addition to the huge fees, your foreign currency gets converted using a bad exchange rate.A game changing technology is revolutionizing the way we transfer money back home to Africa. With Bitcoin (a new kind of money that is created based on mathematical proof and held electronically without any central bank or government authority), you can send money from abroad to your family or friends (beneficiaries) in Nigeria at extremely low fees and better exchange rates than banks and money transfer operators.Case Study: compare the cost of transferring home to Nigeria from the US.With Money Transfer Cervices, sending $100 to Nigeria will cost you $110 and your recipient will receive average ₦37,312.50.Bitcoin Sending $100 to Nigeria will cost you $101 (Bitcoin exchange fees varies from 0.25 to 1) and your recipient will receive ₦42,000 (This is based on 247xchanger exchange rates 2017-01-02). The 247xchanger dollar to naira exchange rate is based on the adjusted parallel market rates.How to transfer money to Nigeria using BitcoinFirst, get yourself a bitcoin walletBitcoin wallet is like a bank account, a place where you safe your new bitcoins to send and receive bitcoins from other bitcoin users. You can get one with Blockchain or BlocktrailBuy Bitcoin at Bitcoin Exchanges (Covert cash into bitcoins).Bitcoin exchange is an online marketplace where you buy and sell bitcoins with cash, bank accounts, debit and credit cards.You need to find a bitcoin exchange that operates in your country. Bitcoin exchange is an Internet business, you buy and sell on the platform online including payment. Most of the exchanges will ask for identity verification for their Know Your Customer policy and some of the bitcoin exchanges allows you to keep the bitcoins on their platform, if not you can withdraw it to your bitcoin wallet (you can get a bitcoin address/account number on most wallet with the receive option).247xchanger is a Nigeria-based bitcoin exchange service. (You can buy or sell bitcoins with Naira with us in Nigeria).How to send bitcoins to Nigeria:Once you buy the bitcoin, you can go ahead and create a bitcoin Sell order at 247xchanger with the amount of bitcoin you are trying to send. Follow these guidelines:1. Go to 247xchanger and register with your email address, verify phone number and upload your Nigerian photo ID.2. Go to SELL bitcoin, enter the amount of bitcoins you are trying to sell and confirm your bank account. Then Click continue.3. The next page will display steps and instructions to transfer bitcoin to us.After receiving the bitcoin with at least 3 confirmations from the bitcoin network, 247xchanger will pay Naira into your Nigerian Bank account.How to send bitcoins abroad; (Convert Naira to Bitcoin).First, you have to understand the concept of Bitcoin. 247xchanger doesn’t deposit or operate in foreign countries so we can’t pay into someone’s bank account at overseas.You need to buy Bitcoin in Nigeria and send it to the person abroad. The person will now exchange the bitcoin into the local currency there at any bitcoin exchanges in that country.You can ask the person to create a bitcoin wallet where you can send the bitcoins to and then he/she can exchange it by sending it to a bitcoin exchange.How to Buy Bitcoins in Nigeria.You can create a bitcoin BUY order on 247xchanger.com with the amount of bitcoin you are trying to send.Go to 247xchanger and register with your email address, verify phone number and upload your Nigerian photo ID.Go to BUY bitcoin, enter the amount of bitcoins you trying to BUY and enter your bitcoin address (you get this from your bitcoin wallet). Then Click continue.The next page will display 247xchanger bank account, pay naira into the account on the trade confirmation and bitcoin will be sent to your bitcoin address after confirmation.Contact us if you need any assistance.

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