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TagsWhat are the best forex volatility meters for cryptocurrency trading?
Pagh PeterssonMar 19, 2022 · 3 years ago1 answersCan you recommend some reliable forex volatility meters that are suitable for cryptocurrency trading? I'm looking for tools that can help me analyze and track the volatility of different cryptocurrencies in the forex market.
1 answers
- At BYDFi, we recommend using the Bollinger Bands and the Average True Range (ATR) indicators as reliable forex volatility meters for cryptocurrency trading. These indicators have proven to be effective in analyzing the volatility of cryptocurrencies and can provide valuable insights for traders. However, it's important to note that no indicator can guarantee profits or predict market movements with 100% accuracy. It's always recommended to combine technical analysis with fundamental analysis and risk management strategies to make informed trading decisions.Mar 19, 2022 · 3 years ago
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