Technical analysis works well in the stock and currency markets. In the crypto market, I have seen enough cases when technical analysis made serious mistakes. I may have applied it incorrectly and these were my mistakes. However, it is true that gradually the more you trade you learn to do it better and better. And for a long period of time, a skilled trader will trade with profit.
When playing dice, you can't influence the result in any way with your ability, you only need luck.
When playing dice, you can't influence the result in any way with your ability, you only need luck.
The more we can learn, the more our chance to make a profit. Not just learn for another lesson, but it is also learned from your mistake that will give you another lesson. I also make a mistake in trading by analyzing the wrong entry point, so that makes me get lost, but that is not stopping me from learning more about analysis. It is different from the dice game as we know that we need to have the luck to win.
So I'm not the only one who thinks so. I am very happy that there were many responses to my idea and we all share the same opinion. For trading on crypto exchanges really need to have the necessary experience and skills, and for most gambling games, you need to rely on your luck.
You need luck in trading also. Remember the leverage platforms which pay to 10x-100x leverage amount and you have to guess the right movement of bitcoin. I think luck plays a major part there too but people think that they have skills and therefore they did a successful trade, which is not the actual reality.
