5 Important Indicators For Successful Trading
One of the key factors for success on the stock market is to learn how to analyze the market situation. The capacity to interpret charts is also another indicator that will lead you to right trading decisions. There are a lot of market indicators that help you make your trading more profitable, but we are going to show you the top 5 of them.
1. Market “depth”
This is the main indicator we encounter in almost every cryptocurrency market. It shows the buy and sell proportion, which means that makes it possible for us to measure the supply and demand on the market at that particular moment. The green line on the chart explains the volume of applications for investment and the red line refers to sales.
2. Order Book
You can use “order book” for more detailed analysis of the market. The book submitted all orders in a digital form. In the table are shown the price and volume of placed orders. It helps the trader by providing him/her more information that will help to predict the future direction of prices and adapts the trading strategy.
3. The last trades
For a better understanding of the market situation, it is suggested to be aware of the LAST TRADES indicator. This indicator helps you see the history of all completed transactions, including the number volume and time. It helps you predict any change of mood on the market and also you can observe the investments of other Big Investors.
4. The candlesticks
Traders like the candlesticks because it is simple and clarifying. They are more convenient for making trading decisions, because they allow you to see the picture of the market and also to predict price movements.
5. The indicator of trading volume
If the trading volume expansions, with a further increase in prices, it suggests that the market is backing this act. On the other hand if the volume of trading with price decreases — it indicates about a negative approach to the market trends. Further more, extremely high volume of trading may prove the possible change of trend.
6. All in one - AiX
With the blockchain boom, AI is coming forth even stronger. AI has joined the revolution of Blockchain, and in conjunction with it, is bringing a revolutionary technology. All the market intelligence extracted from data through the deep learning algorithms is now coming into a practical use, all the indicators above will be provided to the trader as per his request by AI. For example AiX, which is one single platform that provides all these indicators, including market depth analysis, historical analysis of trading through the evidence tree, etc. It will have end to end encryption which means that at any point any party can ask for the history of the negotiation if they are not happy with how it is been executed, it also carries out price discovery, formulates trading strategy, and advises you of opportunities that present themselves in the market. AiX is a transformative Artificial Intelligence system built to act as your broker across the crypto and regulated financial markets. Being able to bring down the transaction costs, allow people to transact through one single entity across all their accounts, which is more convenient and cheaper is one of the benefits that AiX has. AiX will use blockchain technology to record all transaction and transactions steps anonymously, that will also make it possible to analyse those instances immediately upon price request in order to find the best way of completing the transaction.
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