I would just like to say that there is no shortcut or easy and magic way to become a successful trader, especialy not in a short time. And all types of analysis could be just additional help but not something you could fully rely on.
Trading is at first place a hard work.
Topic: CONFUSED! - page 2. (Read 293 times)
Technical analysis doesn't work most of the time in stock markets and commodities. What has been proven to work is the fundamental analysis. The technical analysis only gives you things to judge based on last volume , trading activity and what the price was during this time. This can be a very bad move if some news that comes to surface turns everything upside down for you and you lose money.
Only fundamental analysis works but it takes time and a lot of patience.
Example: Let's look at wheat, if we have read the news, evaluated markets, seen how planting and actual state of the plantings, weather forecasts in major exporters we have all the tools to have judged that because of a lot of supply of wheat starting from July 1 2017 the price of wheat to be low or at maximum to not have room for an upside, except casual upsides when we see weather problems.
Start looking at things from a fundamental view if you want to be successful in trading. I am a trader at my job for commodities so I know a few things.
Only fundamental analysis works but it takes time and a lot of patience.
Example: Let's look at wheat, if we have read the news, evaluated markets, seen how planting and actual state of the plantings, weather forecasts in major exporters we have all the tools to have judged that because of a lot of supply of wheat starting from July 1 2017 the price of wheat to be low or at maximum to not have room for an upside, except casual upsides when we see weather problems.
Start looking at things from a fundamental view if you want to be successful in trading. I am a trader at my job for commodities so I know a few things.
Hi guys, i really want to learn Technical Analysis and by that i am really confused about what indicators or technique i should learn first. We know that there are bunch of them to learn, i wanna ask you guys what should i try first to learn or to master that really worked for you too? thanks.
Maybe this one could help you:
http://www.financial-spread-betting.com/academy/tools-and-trading-techniques.html - Just the basic but its good for newbie like you.
And then books recommended:
https://www.quora.com/Which-technical-analysis-book-is-the-best
And then youtube videos:
https://www.youtube.com/watch?v=rlZRtQkfK04
Goodluck
I've heard you and i se everyone's opinion, I respect everyone's opinion, I'm a technical analyst , I have been working with Technical Analysts for more than 11 years, The basic theory of technical analysis after learning about many things, choose a one system, That you understand better, The market's charts that have many default indicators, They work well, Need to understand, The markets behave differently at different times. Have faith in the system
You have to decide first you will doing day trading or long term trading because each will be use different time frame, for day trading use time frame 1 hours and for long term trading use TF 1 day or minimum 4 hours. And for indicator use maximum 3 different indicator, and not more to more easy to understand. Some popular indikator and easy to use is Moving average, RSI and MACD.
According to investopedia; long term means hold it for one year or for as long as 30 years or more, 1 day or minimum 4 hours is short-term trading (day trading). Maybe you can share more information about RSI and MACD, don't know about that.
Technical analysis does not apply to bitcoin this is my personal opinion. The only thing you can use to add up the idea of the course is the news background
Actually technical analysis is the most popular way for many people to make profits from trading bitcoin, if you read some speculations based on technical analysis, it really happened. Even from price analysis, you can tell whether bitcoin will be fall or rises by compare trading volume from some exchanges and watch over the uptrend or downtrend.
Technical analysis does not apply to bitcoin this is my personal opinion. The only thing you can use to add up the idea of the course is the news background
Technical analysis does not apply when the market cap of something is too low, so you cannot apply technical analysis to most altcoins but for bitcoin which is the biggest cryptocurrency out there technical analysis should be a one of the best tools to try to decide when to enter the market and when to get out, it is not infallible but it is the best you have. 
If you want to learn technical analysis just to analyse your trades then you can go ahead with regular technical analysis courses that can be found online. Search for online courses at babypips.com . You will be able to learn the technical analysis but then you should only use it to analyse your trades and not for prediction of price of various cryptocurrencies. I must say that technical analysis on cryptocurrencies is a waste of time since it is volatile in nature and is based on news in the market. So technical analysis won't workout well for trading cryptocurrencies but can be used to analyse your trades.
Hello, basic for technical analysis is to familiarize candles sticks from the chart anf rsi indicator you study that first. Then research different techniques how to rrad the charts then the columr you will need to learn the flow of market the uptrend and downtrend market. Soon you will learn some good indicators goodluck
Hi guys, i really want to learn Technical Analysis and by that i am really confused about what indicators or technique i should learn first. We know that there are bunch of them to learn, i wanna ask you guys what should i try first to learn or to master that really worked for you too? thanks.
Well to be honest Technical Analysis is a vast subject and mastering it you will need strong determination and tough practice from your side. There are many online and offline sources available for studying it but it all depends on one's passion for it. All the Indicators, techniques, approach, and methodology works for fine for everyone if you learn and apply them in the right manner with the right mindset. I myself practise Top to bottom approach for coin selection with multi-timeframe analysis so that I stay connected with the long timeframe trend which gives me the right edge to follow the hedging technique.
Technical analysis does not apply to bitcoin this is my personal opinion. The only thing you can use to add up the idea of the course is the news background
Really hard to use technical analysis on cryptocurrency because of the volume, and other things but I think it can still help you decide on where to put your money. Its good that OP are making efforts to learn how to analyze, just keep on learning and you will succeed on that. Btw try to study the Fibonnaci, Moving average and the MACD.
if u need to known what is really work on Technical analysis in crypto but its only Moving average 20 , 50 , 200 and Volumes , dont need to use alot of indicators becose it willnot help u
Technical analysis does not apply to bitcoin this is my personal opinion. The only thing you can use to add up the idea of the course is the news background
Technical analysis might not be applicable into crypto trading anytime but somehow this thing is one of the most common tool being used by most traders throughout the market and i do really believe on that.Even myself i do make use of this tool.Having thing would really give you some previews and perceptions towards price movement.It might not like on forex trading but its just better to have assumptions rather than on randomly on making orders.You can search up google on technical tools towards trading.You can eventually find lots of them. Technical analysis does not apply to bitcoin this is my personal opinion. The only thing you can use to add up the idea of the course is the news background
Really hard to use technical analysis on cryptocurrency because of the volume, and other things but I think it can still help you decide on where to put your money. Its good that OP are making efforts to learn how to analyze, just keep on learning and you will succeed on that. Btw try to study the Fibonnaci, Moving average and the MACD.
Hi guys, i really want to learn Technical Analysis and by that i am really confused about what indicators or technique i should learn first. We know that there are bunch of them to learn, i wanna ask you guys what should i try first to learn or to master that really worked for you too? thanks.
The best place that you can get first hand information about technical analysis is at https://babypip.com. Babypip explain everything you need to know about technical indicators, were you need to start from, and the best one among them. If you have little knowledge about it the best thing to do is expending your knowledge by study all the indicators and how to interpret them.
You have to decide first either you want to do day trading or long term trading then if you want to do day trading then do analysis of 1 hour candle and if you want to do long term trading analysis then use 1day candle.
Thanks
Thanks
TA undoubtedly does work, even in the crypto streets. There are hundreds of indicators to choose from, and i understand it can be confusing. Alot of these will show you the same thing. For example, RSI(relative strength indicator) and Stochastic Oscillator are two different indicators that both show whether a market is overbought/sold(granted they each work better in certain market conditions) I see alot of traders charts with both of these indicators on. All that does is create more 'noise' on the chart. My advice would be to pick a few, 2 or 3, and learn them inside out. Know exactly what each movement/pattern is telling you. Know WHY you have these indicators on your chart, and how you are going to use them to trade. Your indicators should work to together to tell a story of the market. When you decide you have a trading opportunity, your indicators should show confluence. I hope you can take something from this post and i didnt ramble too much. Good luck in the markets 
Hi guys, i really want to learn Technical Analysis and by that i am really confused about what indicators or technique i should learn first. We know that there are bunch of them to learn, i wanna ask you guys what should i try first to learn or to master that really worked for you too? thanks.
The first thing you need to do is educate yourself. You need to read books regarding trading, understanding the basic will help you understand the whole process of the market. The second level of teaching yourself is by attending training's and workshop.
The second thing you need to do is find yourself a mentor that will guide you in trading. Reading and attending training's and workshop is not enough. You need to find a good mentor that will teach you in real time. He/she will lead you whether you are making progress or not and making some adjustment from your mistake.
The third thing you must do is find a group of people which gives you practice in the market trade. This is also important because after all trading is regarding a group of people whose objective is to earn money.
If you understand Technical analysis you understand and market better , that is not reason just to trade by Technical analysis but its very helpfull i known some guys who inTechnical analysis about 10-12 year and they are making good money becose its working who talk that is not.
Technical analysis does not apply to bitcoin this is my personal opinion. The only thing you can use to add up the idea of the course is the news background
You have to decide first you will doing day trading or long term trading because each will be use different time frame, for day trading use time frame 1 hours and for long term trading use TF 1 day or minimum 4 hours. And for indicator use maximum 3 different indicator, and not more to more easy to understand. Some popular indikator and easy to use is Moving average, RSI and MACD.
Hi guys, i really want to learn Technical Analysis and by that i am really confused about what indicators or technique that i should learn first. We know that there are bunch of them to learn, i wanna ask you guys what should i try first to learn or to master that really worked for you too? thanks.
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