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Best Indicators for Trading in Crypto/Forex/ Stock Market | Share Trading Indicators to Make Money - YouTube
Channel: Pushkar Raj Thakur: Business Coach
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Well whether you trade in the stock market
and or you trade in the forex market and or
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you trade in the crypto market.
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You use many indicators while you trade.
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Today in this video I am going to tell you
about two such indicators which will maximize
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your profits and which will minimize your
losses, then what are the two indicators by
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which you can earn more money.
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Today you are going to learn in this video
exactly.
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Not only I will tell you in this video, but
I will show you how you will use those indicators
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in your trading setup, so firstly if we talk
about it, then we discussed in the last videos
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that trend is your friend.
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You don't have to trade against the trend.
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You always have to trade with the trend.
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You have to identify that an uptrend is going
on, a sideways trend is going on or a downtrend
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is going on.
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When you identify the trend, then you have
to wait for a trend reversal.
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When trends reverse, then the chances of making
a profit are high, so how do you know which
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trend is going on?
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So you must trade with the trend, and when
we said that you can earn more money in the
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Trend Reversal, then how do we even know it?
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Is there any indicator for that, the answer
is yes?
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You can use Supertrend, just now I have told
you about the Supertrend.
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I'll show you now how you will use Supertrend.
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Second, when you are trading then you should
know major support and resistance levels.
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If you know support and resistance levels
then you will know from where, or you already
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know when the price moves.
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Let's say it is your pivot line, here it is
your resistance and here is your support,
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if the price is going up then you know from
where selling can start.
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Resistance is that level, where sellers are
in the market and they try to bring the price
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down and if the price breaks the resistance
then it goes to another level.
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Suppose it goes to R2 from R1.
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Similarly, if the price is falling then first
it will come to its pivot points and after
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that below the pivot, it will cross its support
level one and if does not cross the support,
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then it can bounce back from here, but if
it breaks the support, then it will go to
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support one, support two and support three,
but how do we know that which are the major
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Support and resistance levels.
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We can plot it by ourselves.
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If you're experienced, you'll be able to identify
support and resistance levels by yourself,
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but an indicator might make things easier
for you.
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The name of the indicator is Pivot Points.
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So by using pivot points and Supertrend, we
can increase our trading accuracy.
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But right now I am going to show you exactly
on your computer screen how you can use these
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two indicators in your trading setup and because
we talked about Cryptocurrency last time.
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So even today we are talking about Cryptocurrency.
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You have seen that the price is crashing in
the Cryptocurrency market, then we told you
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at that time that it is necessary to identify
the trend.
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Because, I say that if you are looking for
any crypto or stock price then the price of
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crypto or stock or destiny of man can fall
no matter, then price can fall there any much.
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But how it will be known, here you get to
know through trends.
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So now to make trend identification easy for
you, I am telling you in simple words.
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Because I know that because most of the people
are new.
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Well,
who are experienced traders, will know these
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things and who have made a new move, they
also need to know.
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So here we have come to CoinDCX, I am logged
in to the website of CoinDCX.
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So you can also download CoinDCX.
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I will give the link in the description and
the comment box and you can use a Pushkar100
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Coupon Code which will give you ₹100 sample
bitcoin in your portfolio.
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The first thing you see, when you're trading,
the first of all you need to see at which
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time frame you have to look at the chart.
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If you are scalping here and or you are trading
intraday.
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If you want to do buying and selling within
the same day then you can see the chart on
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the time frame one minute and five minutes
charts.
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Here in which way you have to observe all
the patterns.
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Look, you will have to give time to learn
a little technical analysis.
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I have already made a playlist, you can see
the link on the I button of the playlist,
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In that, you will get a lot of information
step by step on technical analysis, so here
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you see, when we were talking about time frame,
then we talked about when you are doing intraday
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trade or you are doing scalping then you can
see at a 1-minute time frame that how the
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price action is moving here if we talk about
investing long term, then you can see chart
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on 30 minutes time frame.
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Now you can see it in different time frames
but charts are different, here Candlestick
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Patterns are different and why it is showing
you like that, it is very important to know.
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Because according to every time frame, buyers
and sellers are reacting differently.
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So when you look at a one-minute time frame,
then you can see that a green line came here
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but if I talked about thirty minutes, then
you can see a red line, now the line is when
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you will click on indicators.
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I have already applied an indicator, you see
here Supertrend.
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You will write Supertrend on Indicators, so
Supertrend will come in front of you, it will
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tell you to see.
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Here you can see regularly that the trend
is constantly Red.
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If you see the red line, it means that the
trend is currently in a downtrend, so if you
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want to trade then you have to trade according
to the downtrend.
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I gave you a suggestion if you trade in the
crypto market.
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Especially if you trade in Bitcoin and futures
or Crypto futures, then when the market is
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going down, Avoid the short-selling because
when the market bounces back, it can do very
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fast and you can make losses, so most of the
time you Trade in the uptrend.
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You will get more benefits from it.
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Rest you can tell your experience in the comments,
so we use a simple super trend, which will
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tell us that when we see at the 30 minutes
time frame then it means that this candle
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is representing 30 minutes that was the movement
of buyers and sellers in the market.
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If a big red candle is visible to you, then
it means that price was opened in 30 minutes,
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if you see wig above, then high reached there
and it came below, low was this and it closed here.
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So you can see that it closed on 3562000 on
6th January at 1:00 pm, then the candle is telling this.
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And the price was opened here from, you can
see that it opened at 3666000 and it came
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to 3561000.
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So you can see how much the price went down
in 30 minutes.
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Similarly, if you see a green candle then
the green candle is telling you that the price
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was opened from here in 30 minutes and it
closed here.
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So Supertrend makes trend identification easy
and whenever you will see reversing Trend,
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now see If we talk about 5 minutes, then here
the market is telling that here Supertrend
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already told you, earlier you were seeing
the green colour line and as soon as the line
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got red then it is showing you that here the
downtrend is starting.
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And then you see that trend goes on continuously
and after going to this candle, the big green
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candle formed here, you can see time frame
on 7th January, so this candle is showing
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and after the green colour you see that the
colour of the line has changed, and it is
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telling you from here that trend is reversing
from here, now when the trend is reversing
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then we have to wait for the confirmation.
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Now confirmation means that when you see becoming
any candle then after it made it's high here,
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and it can also be fake, fake means that you
saw there was green candle there and you thought
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that trend has reversed from here But waiting
for confirmation means that the high it has
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made, that high has not broken again unless
a candle breaks the high of the candle, or
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it will be completely formed till then we
will not know whether the trend has reversed
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or not, so we have to wait now.
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We have to wait till then it's peak and if
you use stop-loss then you have to use stop
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loss in the low of this candle, then you can
trade by using the stop loss of this candle,
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you can trade if you want to trade and that
is what I am showing you, this is the technical
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analysis so this is not only for the crypto
market.
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It is also for forex and also for the stock
market, so these are basics that work everywhere,
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so you are getting help in trend identification
from supertrend.
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Secondly, we talked about how we can use Pivot
Points, and as I will use Pivot Points, you
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will see a little change here, then you see
here you will feel that it has changed completely,
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and why it has changed I tell you, you see
here, you can see P here, this is your Pivot
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Points, and after that, R1 R2 R3 R4 and R5,
and S1 S2 S3 S4 and S5, so R is resistance
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level and S is the support level then multiple
levels of support and multiple levels of resistance
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have already been plotted for you by the indicator
then you don't need to spend too much time.
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According to different time frames, like we
are here in a 5-minute time frame.
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If we open for a 15 minutes time frame then
these levels will change.
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Now we have already made a video on Pivot
Points, you can watch that video on the I
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button if you want to.
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Now you see here, I told you that the price,
Let's say that it opened from the pivot, and
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it could not cross the resistance, then you
see that it goes below the pivot and its next
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support is S1, so if the price will go below
one pivot then it's the first target is that
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it reaches the support where you can see that
by coming inside the candle, it crosses its
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support S1, when it crosses, you can zoom
in and see it on your screen.
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Here I am telling you the concept in short
that when the price breaks the support, first
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support then it has another target of support
level 2 S2, here it broke, then here you can
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see that it also broke the second level of
support, alright it broke the second level
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of support, when it broke the second level
then the target is S3, but then you have to
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use supertrend here that is their trend reversing,
so you can use multiple indicators simultaneously.
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You can use it simultaneously so that you
know when the uptrend is going on and when
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the downtrend is going on.
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You will get to know through the green and
red lines, then this is a very simple basic
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and useful indicator which you must use in
your trading setup, then you can use them
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very easily.
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You can create your account on CoinDCX and
let me also give you some information about coinDCX
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You can study more about Cryptocurrency and
you can study more about blockchain, for that
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you can go to DCXLearn and you can learn about
Blockchain and Cryptocurrency.
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It provides you with a Simplest Buying and
Selling experience, Here the user also gets
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a price alert feature, that when the coin
reaches a target price, you will get a notification.
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Here you also get support and resistance 24*7,
regarding onboarding Ticketing and INR management.
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Your funds are insured and safe here, here
you also get multiple security features like
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two Two Factor Authentication & Withdraw passwords.
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CoinDCX is an ISO Certified App, it follows
all the necessary compliances, including KYC
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& AML Procedures.
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All transactions from CoinDCX are transparent
without any hidden charges.
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Deposit of digital assets in coin wallets
is free of charge.
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And they have also designed a 7M model so
that investors can get protection, and we
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can maintain a fair and transparent market
and we can reduce the risk related to Cryptocurrencies,
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you can deposit and withdraw the funds 24*7
at any time.
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It is very easy to trade here for the newbies
and the existing people.
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You can buy cryptocurrency in their app from
your Debit Card, Credit Card and Net Banking.
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There are only 2% transaction fees here, there
are transparent transactions here, there are
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no hidden charges.
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Till now, there is no law on Cryptocurrencies
in India, so buying and selling and holding
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in Cryptocurrencies is Legal as of now.
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If we talk about CoinDCX then they clarify
to you that the crypto market is not a one
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time Money Making plan.
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You do your home research Before investing
your money, here are the quality check cryptos
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you are getting, you can invest in that.
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You can start your investment from ₹100
and you can start trading from ₹10.
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CoinDCX is the simplest and safest crypto
investment app in India, it makes crypto trading
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and onboarding easy for both newbies and existing
customers.
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Users do not have to wait for hours for KYC
verification, so the onboarding experience
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is super fast.
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You can download CoinDCX now, Link is in the
description and comment box.
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If you put a Pushkar100 coupon code on it,
then you will get a Bitcoin of ₹100 as a
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sample in your portfolio.
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The tagline of CoinDCX is "Future Yahi hai".
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So you can download CoinDCX from the link
of description and comment box.
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Finally, how was the video, you can tell in
the comments below?
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you ask your questions in the comments below,
we will make the next videos on it.
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then subscribe and click on the Bell icon.
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I will see you in the next video till the
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