Fundamental or Technical Analyst. Which one are you? - page 4.

fuguebtc

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Quote from: mindrust on September 23, 2022, 03:37:49 AM

Technical analysis is fortune telling. It is crap. More than that, it is a scam. You can't tell anything about the future by looking at the charts that happened in the past. It is gambler's fallacy. Just because you lost 20 times, doesn't mean you are going to win the 21st game. It is always about the fundamentals. If the fundamentals are crap, the rest has no meaning at all. The price can go up and down just because somebody wanted it to. It don't have to make any sense.

All are for reference only and are one of the factors for us to make the final decision. That is why the same technical method, the same knowledge, but the results and predictions of many investors are always different. Cant say they are completely useless because sometimes the past will repeat like we are expecting bitcoin to recover right after the halving, it has happened in the past as well. But don't over-trust it or abuse it completely. We know technical analysis, know fundamental analysis, and whales and sharks out there know too.

Wapfika

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Quote from: Husires on September 23, 2022, 05:39:09 AM

Knowing the type of trading will not help you unless you know how to deal with losses and the psychological aspects related to them.
Most of the people who failed in trading are either people who did not have enough courage and therefore fear of achieving the goal or they had too much greed that made them risk everything they had.
Balancing the two is the basis for achieving profits.

We need both to understand trading and to be able to carefully decide on what to do in our trades. It’s not necessary to master them but atleast consider them in doing trades and to have basis on analysis. What important is that we know what decision to made when dealing in the market depending on the market situation as well in news and how it reacts in it’s previous charts.

Husires

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Knowing the type of trading will not help you unless you know how to deal with losses and the psychological aspects related to them.
Most of the people who failed in trading are either people who did not have enough courage and therefore fear of achieving the goal or they had too much greed that made them risk everything they had.
Balancing the two is the basis for achieving profits.

BitMaxz

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Technical and fundamental analysis are two different ways to analyze the chart/market.
Most traders use technical analysis to analyze charts and movement of the price in short term not good for the long term basis they only read charts and look for a signal before they decide when is the right time to buy and sell.
Unlike Fundamental analysis, this one is only good in the long-term, and Fundamental does not use MACD or RSI or any indicator that use for technical analysis.

Binance already has an explanation for these two strategies I would suggest you read this "Fundamental analysis (FA) vs. technical analysis (TA).

Or if you are looking for more about these two analyses you can find more from this "Awesome Crypto Trading" it includes free tools, simulators, and guides.

Wexnident

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Fundamental. I do try technical analysis but it's more like on a basis or something similar, I never set it as something that's going to happen as guaranteed but I also never put it past me to acknowledge the chances of it happening together with a bit of understanding about the results of fundamental analysis. That was in the past though, nowadays I just hodl and DCA, trying to read the market is stressful and most of the time of me trying to understand just makes me misunderstand it more.

Oshosondy

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Quote from: BeeIforai on September 23, 2022, 03:21:04 AM

Let me help. The first thing you need to put into consideration as a crypto trader is the type of trader you are.
Fundamental trading basically as to do with making your trading decisions based on the news releases concerning crypto.
Technical trading is essentially making your trading decisions using the charts, chart patterns, tools, indicator and some trading systems.
How do you know which one you are?
Practice with them, be consistent. You'll find what you're looking for. Wink

To help newbies out there, comment what type of trader you are and why?

Are these the help? There is nothing more about the OP than defining what technical and fundamental analysis are. You even seem more of a newbie tradar.

Trading without technical analyses have no basis and the trader would likely fail and fail again and again.

There are more to trading than just what you post. There is no help that you offered at all.

SquirrelJulietGarden

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First you should start with fundamental analysis and you should be a long term investor. If you can get profit from long term investment, it means you have enough patience and discipline so you can think of the second option.

Second, technical analysis with which you must have both patience and discipline. Patience to wait for entry price that should be good for profit potentially and safe for risk management. Discipline to know when you should close your position even if you can not get profit. Closing a position with either a draw, a minor profit or a minor loss is a big success. Because you are good enough to protect your capital.

BeeIforai

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There are people who have made a fortune trading Bitcoin with technical analysis, sir. Just because it doesn't work for you doesn't mean it's not working for others.

mindrust

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Technical analysis is fortune telling. It is crap. More than that, it is a scam. You can't tell anything about the future by looking at the charts that happened in the past. It is gambler's fallacy. Just because you lost 20 times, doesn't mean you are going to win the 21st game. It is always about the fundamentals. If the fundamentals are crap, the rest has no meaning at all. The price can go up and down just because somebody wanted it to. It don't have to make any sense.

BeeIforai

newbie

Activity: 6

Merit: 0

Hey there.
You're new to the world of crypto and boy are you confused. You're trying to keep up with everything, with every news, every strategy, but you end up getting more confused to the point of frustration.
Let me help. The first thing you need to put into consideration as a crypto trader is the type of trader you are.
Fundamental trading basically as to do with making your trading decisions based on the news releases concerning crypto.
Technical trading is essentially making your trading decisions using the charts, chart patterns, tools, indicator and some trading systems.
How do you know which one you are?
Practice with them, be consistent. You'll find what you're looking for. Wink

To help newbies out there, comment what type of trader you are and why?

Topic: Fundamental or Technical Analyst. Which one are you? - page 4. (Read 657 times)