Having dabbled in forex trading for the past years and starting my crypto journey.
I'm wondering what indicators are useful for crypto day-trading. How useful are SMA's or EMA's?
What trading platform has the most complete technical analysis tools?
There isnt much difference between forex and crypto trading so I believe that if you know much about forex trading you will also know how to trade crypto.
I am always surprised when I see some people that claimed to be good at forex trading complain that they dont know anything about crypto, or maybe say that they think crypto is harder than forex or that forex is harder than crypto, lol. I dont even think such people have been into forex, they just here to make comments thats all.
Well there is quite a difference to be honest ... just like the tides of the sea ... in forex there is trading volume that is kinda predictable, whether it's the day of the week or the hour of the day (whether it's Asia market, European market or American market) ... a monday volume is different than a thursday or a friday ... with crypto you have 7 instead of 5 days. Then there is more historical data, which validates your analysis.
It's easy to say that price action is price action, whether stocks, forex, features or crypto ... but I've heard more than a few stories of people who transitioned and had to apply a different toolset when trading crypto.