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RE: Introducing our first Crypto Market Scanner
Hi Luc, first steemit comment here, very excited to join this community!
I've been following your trading videos for a while and they've been invaluable for a crypto n00b like me, thank you for continuing to make them and helping us all become better traders.
I'm hoping you (or anyone here of course) could help answer a couple of quick questions: firstly, would you recommend a novice trader like myself should start using a market scanner like this straight away or is it better to learn the basics in the usual "manual" way before moving onto market scanners? Secondly, will something like this work in the UK or are they restricted to the Americans exchanges?
Thank you in advance
sorry but looks like you need to read a lot. You are asking so basic questions that you shouldn't touch scanner for the moment. Read and watch and then if you have questions read and watch again.
Scanner works only with Bittrex, Liqui & HitBTC - at least for this moment.
I second this. Stay away from the scanner. Watch Luc's latest video. In that he apologizes for creating confusion over his desire for a scanner. The scanner is needed to day trade in cryptos, hence he really wanted it, and he's sharing it with his followers who have enough experience to also profit with it.
But MOST of his videos detail the easier method used in position trading. That's the signature Luc method for taking easy profits in this market. Stick to that until you get more confident. The stuff that shows up in the scanner is all over the place and you'd probably spin your wheels trying to figure out what to do, until you have experience and knowledge under your belt.
And by the way, sounds like I'm only slightly less new to this than you - so I speak from experience!
Thanks for the clarification! I haven't yet watched his latest video but I'll go do that now. How long have you been trading for?
Thanks krakan, my gut feeling is to leave the scanner alone for now but maybe people think it could aid in my learning of crypto trading. I'm happy manually trading at the moment with some success so I'll probably stick to this for a while.
Why would you want to make a scanner when there is already one here and 2 more in the pipeline? From your comments it looks like you do not know anything about crypto trading. It is better to learn the basics first and then trade manually before you move to higher grounds. I also live in Europe and the best exchange for us is Kraken. Do some research about it for UK and see how well it suits you. All the best.
Thanks for the reply. However, I think you misunderstood by comment... I don't want to make a market scanner, I was asking whether it's even worth me using this (Luc's) market scanner during my beginner stages of trading. I've been using Kraken and GDAX with some success after watching all of Luc's videos and researching his methods, so I know the basics of what he teaches but still am certainly at novice level.
My apologies, I thought you wanted to build a custom scanner. All the best :)
No worries! Cheers