Topic: Do you think that Beginners need Technical analysis? - page 23. (Read 3622 times)
Technical analysis is not required for investment , but having knowledge about market is most important. Having patience is required.
I dont think anybody who wont do short term investment dont need to learn technical analysis, if you are long term investor you invest and wait for good time, no need to the analysis.
As new to Crypto, I can say that Technical Analysis is important for not only for investors but also for bigginers becausei it can guide us in analyzing the movement of the prices of bitcoin, ethereum, litecoin, bitcoincash and other cryptocurrency based on an examination of past price movements. It uses patterns in market data to identify trends and make predictions which will tell when to invest.
For a beginner, this is not necessary at all. Firstly, if you do not understand TA, you will make so many mistakes that it is not doubtful will lead to losses. Secondly, if you are a novice, I advise you to find several analysts and study their forecasts (if they come true). Thus, you will gradually learn and save yourself from unwanted losses.
of course, it should start with the correct technique. all that is done to reduce the losses that people usually getting because due to lack of knowledge they have. as an investor, it's important to be able to analyze the market price in order to get big profits.
As new to Crypto, I can say that Technical Analysis is important for not only for investors but also for bigginers becausei it can guide us in analyzing the movement of the prices of bitcoin, ethereum, litecoin, bitcoincash and other cryptocurrency based on an examination of past price movements. It uses patterns in market data to identify trends and make predictions which will tell when to invest.
Why did you ask? It seems to me, you've answered the question yourself in great detail. I completely agree with you that technical analysis is a very important aspect of the work with cryptocurrencies. Without it, everything looks like a cartomancy.
I believe everyone into crypto trading should at least have a small idea of technical analysis, even if it is the most basic ones as it will go a long way in helping to inform their decisions. Beginners should not be rushed into TA as it will confuse them. They can be learning it bit by bit as they practise and get better at trading.
precisely because it is still a beginner then need basic knowledge of crypto including analysis. not to have entered too deep for crypto but did not get the desired result because it doesn't have a good analysis so that caused a lot of exposed the scam. This happens very often and for many people. but it could have been avoided if the course from the beginning has a good analysis.
yes of course all new players desperately need good analytical techniques to be able to earn a lot of profits if you do not have a good analysis will be difficult to get a profit.
It's a must each time we take some investment we need this characteristic in order to play well, technical analysis is for those who really serious about this business learning how to adjust each time things is happening inside the market, better to make sure that you already have this in minds assessing the goodoutcome while placing an entry to achieve your goal.
As new to Crypto, I can say that Technical Analysis is important for not only for investors but also for bigginers becausei it can guide us in analyzing the movement of the prices of bitcoin, ethereum, litecoin, bitcoincash and other cryptocurrency based on an examination of past price movements. It uses patterns in market data to identify trends and make predictions which will tell when to invest.
I believe that every investor and trader should know the basics of technical analysis. Thanks to the elementary patterns, you can trade within a day or look for a suitable entry point for yourself.
Everybody who wants to trade on cryptocurrencies needs technical analysis be it, newbies or professionals. However, there are other things that a newbie need to focus on as trading is not the first thing. But for T.A, everybody needs that.
I think technical analysis is desirable to be able to do to anyone who wants to trade on the stock exchange.. With technical analysis, trading becomes much safer and profits increase
I think that technical analysis is important for traders, for professionals in this business, and for beginners to understand the technical analysis of the market will be very difficult, this requires a long-term practice. Beginners are best to study the ready-made analysis of professional traders, and use it for their trade.
As new to Crypto, I can say that Technical Analysis is important for not only for investors but also for bigginers becausei it can guide us in analyzing the movement of the prices of bitcoin, ethereum, litecoin, bitcoincash and other cryptocurrency based on an examination of past price movements. It uses patterns in market data to identify trends and make predictions which will tell when to invest.
I certainly agree with you and as a matter of fact not knowing basic technical analysis, do not even dare to trade, because it will be like 50/50, luck. My advise it's better to go to the casino and you have more chance of winning money, that is if you don't know technical analysis
Technical analysis really works on the cryptocurrency market....but you need to understand that technical analysis repeats the past movements, that's just changing the conditions and rules of the market.There is no need to confuse the stock and cryptocurrency markets. On the crypto currency, there is complete chaos and therefore the technical analysis does not always work.
yes of course all new players desperately need good analytical techniques to be able to earn a lot of profits if you do not have a good analysis will be difficult to get a profit.
I think technical analysis is desirable to be able to do to anyone who wants to trade on the stock exchange.. With technical analysis, trading becomes much safer and profits increase
I think not because in general cryptocurrency use the fundamental analysis. It means that token’s rate depends on the news.
Well, fundamental analysis is not on the news, it is on balance sheets, dividend discount and cash flows.This is even more difficult with crypto’s.
My two cents,
F1
I think not because in general cryptocurrency use the fundamental analysis. It means that token’s rate depends on the news.
I think technical analysis is not needed for beginners. And generally it is not necessary to be lumped on only one technical analysis if you want to predict the price. In my opinion, a fairly small number of people know how to use technical analysis correctly.
Technical analysis is not needed for beginners until they lose their first money. Only after that they will study.
technical analysis is needed for people which want to start trading because they need to know where the trend and the price wants to go. they don't have to lose their money first so then they will learn about technical analysis. it is better that they can learn before they have experience in losing their money so they can take their profit without having lost money. but there are not many people that want to learn about this and they delay their time to learn about technical analysis until they are loose.
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