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- This material was written especially for our website financialreviewofbooks.com by a group of traders!
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Traders can add, remove and customize indicators according to their individual trading preferences. But for beginners, the standard settings will be sufficient - they are recommended by the creators of these indicators and are often used by professional traders. As you gain experience, you will learn how to customize the settings to your own needs. Next, we'll look at popular trading strategies and explain how to use them in crypto trading.
For example, there are 3 moving averages with different timeframes and a Volume indicator on Binance's charts. MA indicators smooth out price movements and calculate average price values to see which way the trend is going at the moment. The Volume indicator reflects the current market activity: how much the buyers (bulls) or sellers (bears) prevail.
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