Topic: Do you think that Beginners need Technical analysis? - page 8. (Read 3595 times)
In any case, a competent technical analysis is necessary for successful work of novice and experienced investors. This is really required knowledge for the correct selection of coins, competent trading and profitable investments in the short and long term.
This depends on what the beginners will do. If you are going to invest or do daily trading, of course you need to learn technical analysis. But if you will just going to participate in bounty campaigns, it's easy, take the reward and sell it.
I believe that newbies should at least be able to analyze charts. But also need some knowledge and information for decision-making. You can study the opinions of experts, but you must make your own decisions. Otherwise, you can become a hostage to the opinions of charlatans and false gurus who are ready to say anything for the sake of popularity.
I don't know about you guys but I always felt that basic mathematics is a minimum requirement for a trader. It's crazy to see how so many people claim to trade so often and make so much profits or whatever, but they really suck as very basic level calculations. This is especially the case with margin traders, leveraging this and that and then getting margin calls and complaining about it.
Do traders need TA? I suppose they do, if they're trading on TA principles. Has TA ever proven to be useful? Sure, in the bull market every TA is right. This year is proof that all the best TA guys can't do anything when market moves down. Just see whale channels proudly saying how much they won. See hedge funds. All down 70-80%. Most idiots can have the same results without TA.
I believe that newbies should at least be able to analyze charts. But also need some knowledge and information for decision-making. You can study the opinions of experts, but you must make your own decisions. Otherwise, you can become a hostage to the opinions of charlatans and false gurus who are ready to say anything for the sake of popularity.
Beginners should definitely go into the study of cryptocurrencies themselves, only in this way they can fill the bumps and gain valuable experience!
As practice has shown on the example of 2018, technical analysis often did not work. And you should not base your investment intentions on it.
In my opinion, technical analysis is not relevant for the cryptocurrency market. Fundamental news has more influence. Not always. Generally it is better to read the book of Nassim Nicholas Taleb - The Black Swan: The Impact of the Highly Improbable. Perhaps you will change your view of the market and the things that happen on it.
I don't think traders have beginners, only ignorants. I think that as long as you are willing to learn and study hard, you can find profit opportunities in the bear market!
If you intend to trade in the market then you definitely need a person who will explain the basics of trading in an accessible language. If you trade without experience it is a lottery.
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 am sure that it is absolutely impossible to make a technical analysis now. If the tests are done, they can't be accurate even 50%. I think that beginners would be interested and correct, but it is impossible
Don't make a quick decision to invest immediately. Indeed, if you are a beginner and now enter the world of Crypto. And see Bitcoin, Ethereum, and all Altcoin coins in collapsed conditions. You definitely want to invest immediately because the price of coins is very low. But you better do your research and see the track record of coins that you will buy.
Indeed, before you make your initial entry better to know first the track history of those coins that you are eyeing to invest your money, not just because the value is to low or cheap but you also need to know the reason and if there's still ongoing progress that will bring the value to hype after the market recovers, you need to have fundamentals and all the basic ideas before making your investment.
It's very essential for them to be well equipped and enlighted so they can be guided in whatever decision they make most mistakes are mostly done during the first period of getting involved with cryptocurrency
Maybe for comparison see beginners on most of the time. they always just salaah in taking decisions, or even too afraid. It also happens because they do not have the capability of analysis in crypto. Therefore this time for technical analysis needs to be learned even from the beginning to have capital deepening in crypto.
Certainly this should be the basic part of knowledge for anyone coming in to trade cryptos. I particularly made a lot of trading blunders before I had the knowledge of how to analyze TA. It is better in the best interest of anyone coming into trading to get a hold of the best information about how TA is used before involving real money
Don't make a quick decision to invest immediately. Indeed, if you are a beginner and now enter the world of Crypto. And see Bitcoin, Ethereum, and all Altcoin coins in collapsed conditions. You definitely want to invest immediately because the price of coins is very low. But you better do your research and see the track record of coins that you will buy.
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.
Yes, technical analysis can be used if you need to decide on investing in cryptocurrency, but it is not enough, it will probably be difficult for beginners to navigate only on technical analysis, they need an assistant who understands cryptocurrencies. 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.
Technical analysis is necessary not only for beginners. It is necessary for everyone. But because of the specificity of cryptocurrencies, of course, no technical analysis is not worth waiting for
The more info you have, then better you are prepared and so your results will be much better. Technical analysis in an extra tool that helps you understand the whole process better. But of course, nothing is mandatory..
Technical analysis has no meaning for the cryptocurrency market. Many times novices will learn technical analysis, but this is too difficult and will affect your judgment analysis. When the cryptocurrency market falls, making money usually requires a bit of luck.
Doing analysis is very important for beginners who join the crypto-coin trade. By doing analysis we can study the coin price graph. That way we can determine when to buy coins and make predictions and sell coins.
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