Topic: Do you think that Beginners need Technical analysis? - page 26. (Read 3595 times)
Definitely not. Beginners need to know the basics firat. They have to have the foundation before trying to get the roof done, meaning they should learn the basics firat before trying to learn complex matter such as trading and technical analysis. They won't fully understand it without being equipped with the priper prior knowledgw and may just end up falling into a scam or losing everything.
First learn the basic then you can go now to Technical analysis so that it will not hard for you to cope up with what is happening, it will be hard for you if you start with the technical stuff, but if you know enough of the basics that's the time to learn much deeper.
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 suggest not to be hasty to learn about technical analysis as aa beginner. What we could do is to strengthen first our fundamentals on learning the basic of crypto currencies. Learn what is crypto? what its function it serves to our economy? The very basic then step by step you upgrade your investment through holding of coins and joining on ICO projects.
Technical analysis are best for making entry and exit on a trade. Usually people can find a good investment coin through news and fundamental analysis, but TA helps in making entry, exit and stop loss decisions which helps in making a calculated trade with keeping risk reward-ratio in mind. You can trade effectively on news without TA in cryptos, but you will never know when to exit a trade and this can create a problem and make you undergo a loss. So, yes TA can't be always right to predict a future price trend but are required for making basic trading decisions. Anyone who is in crypto trading, should at least try to understand fundamentals of technical analysis.
as much as technical analysis are important, i believe no matter how complex technical analysis are, they can be broken down in to understandable explanations which can be easily understood by newbies. Technical analysis was what scared many investor away from the cryptocurrency in the time past
I won't say that technical analysis always works accurately in the crypto markets. The Crypto market is just too volatile for it to work properly. Also one is better of holding and daily cost averaging then trying to trade, as you are more likely to get better returns by holding then by trading.
That's for sure. Technical analysis has considerable importance when dealing with the world of cryptocurrency. This importance comes from the fact that the cryptocurrency business has become a field of study that is going to change many human concept regarding jobs, for example. Therefore, it has become an insisting need to apprehend the fundamentals of technical analysis so that you can deal with the market properly.
Technical analysis is not necessary for beginners. The key for beginners is to understand the laws of the market rather than technical analysis. When you can roughly judge the direction of the market, you may be profitable, and there are many factors of human intervention in the market of cryptocurrency, technical analysis is not necessarily accurate
No need to pay too much attention, I think they only need to find a coin that they like, and then wait patiently. Technical experience takes a lot of time to learn.
I think that it is necessary, because in a few months any Beginner will want to trade and it will be useful to him.
Of course beginers need to know about technical part of crupto. Without that they have high risk to ger scammed and lose their funds.
beginers should only foccus on the basic part of learning or understanding the crypto if ever they are new to it. technical part should be followed up if they are already a veteran on the basic part because learning a crypto seems to be more confusing if you are a hasty person that wants to learn it all together.
besides , we dont really need to learn those technical or complicated sides of cryptos , not unless we are really interested of being a blockchain developer .
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 think it will be difficult if you study technical analysis. because after all it will be difficult for you to understand, especially if you do not have a basic trading ground. so you should try to find insight and knowledge first from various references in this forum or on google search.
You're absolutely right. Beginners really need technical support in the knowledge of cryptocurrency to be able to determine the directions of price, and to know when to buy or sell.
I was a novice trying to analyze. but after the analysis I always consult with friends who have been engaged in this activity for a year . Only in that order do I act like a beginner .
I think that the analyst in the crypt is one of the most important things because without it you can not choose suitable coins for investing.
Of course beginers need to know about technical part of crupto. Without that they have high risk to ger scammed and lose their funds.
I prefer to invest in popular ICO projects and I do not need knowledge of technical analysis. I try to understand whether it is scam project or not.
Technical analysis is undoubtedly important. However, it is wrong to say that it is impossible to act on the cryptomarket without it because most of the fundamentals of technical analysis can not be applied when working with crypto currencies.
Do not think that technical analysis is something incredibly complex and incomprehensible to ordinary people. But is very important in the crypt.
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