KINDS OF SIGNALS.
😊 Let's dive into trading signals! 📈
- Trading signals: Indicators or suggestions to buy/sell an asset, often based on:
- Technical Analysis (TA): Charts, patterns, indicators (RSI, MACD, etc.)
- Fundamental Analysis (FA): News, events, project updates
- Types of signals:
- Buy: Potential price increase
- Sell: Potential price decrease
- Sources:
- Trading platforms (Binance, etc.)
- Analysts/experts
- Bots/automated systems
- Your own analysis
How to use signals:
1. Understand the signal basis (why it's suggesting buy/sell)
2. Check market context🤑🚀🧐
3. Manage risk (set SL, don't invest more than you can AFFORD. 🙄