I need to learn techincal Analysis? - page 2.

redsun114

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Quote from: Hippocrypto on October 19, 2021, 07:38:20 AM

You don't necessarily need to learn Technical Analysis for investing, as it's mostly for trading. With investing, they just depend on the asset where they can think its good for them to invest and they can surely earn

Yeah technical analysis is for trading and this way for investing we must need to learn fundamental analysis. Still, learning both technical and fundamental analysis at a time is highly recommended as it will help any trader to interpret the market in more effective manner. Fundamental analysis is asset specific but it would be easier to do compared to technical analysis.

Quote from: geegaw on October 19, 2021, 09:25:19 AM

their starting point is just regular chart observations, they rarely touch the professional technical system, they know this factor accounts for a very low percentage of winning

No one could get into professional way of technical analysis from the beginning itself; they usually need to start with simple way of analysis which includes watching price movements and how others signal works. Still, if they do not get into actual way of technical analysis over the time then their winning rate may not have any improvement.

geegaw

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Quote from: Hippocrypto on October 19, 2021, 07:38:20 AM

Quote from: Mkmanik on October 19, 2021, 07:11:18 AM

Quote from: Bagaji on October 17, 2021, 04:52:13 AM

Learning how to trade before investing your money is very important as that will help you to make not just informed trading decision but decision that at the end of the day you will smile when login to your exchange account. Technical analysis will not only be enough but you will have learn the fundamental forces that do influence the market movement over time.

Technical analysis, Fundamental analysis, Risk management, price action are essential for the trader. If anyone wants to do good in trade, He must be know all of those. It's not so easy to do learn all of them. For this need, a lot of patients, need to do hard work and a good journal. technical Analysis does not provide 100% safety for a trade, but it helps to do take the next trade. You can able to learn from mistakes with the help of technical analysis.

However, To learn Techincal Analysis I suggest of to OP follow this link: https://www.youtube.com/watch?v=f_Fju2Hb7zs&list=PLvkpxFSTppmnQ7A5DP386zEKU0Tv_fatm&index=17
Most of the time I suggest people this link because I also learned to form this and still learning.

Technical Analysis is not always 100% effective but still you can earn. You don't necessarily need to learn Technical Analysis for investing, as it's mostly for trading. With investing, they just depend on the asset where they can think its good for them to invest and they can surely earn, maybe it's business, stocks or else cryptocurrency. I am pretty sure there's a lot of successful investors here that doesn't even do technical analysis, they are just really good in picking things to invest. But, TA is still good for it can identify trading opportunities in price trends and patterns seen on charts and can surely give you profit.

Yes, investors show their prowess in strategic vision and long-term product perspective, sometimes they don't need to draw charts or add technical analysis tools, their job is just to read reports, read information and look at the number of customers on the project as well as the value over time, a good mine will have their presence. Plus, like many traders here, they're not really market participants by technical analysis, their starting point is just regular chart observations, they rarely touch the professional technical system, they know this factor accounts for a very low percentage of winning

Hippocrypto

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Quote from: Mkmanik on October 19, 2021, 07:11:18 AM

Quote from: Bagaji on October 17, 2021, 04:52:13 AM

Learning how to trade before investing your money is very important as that will help you to make not just informed trading decision but decision that at the end of the day you will smile when login to your exchange account. Technical analysis will not only be enough but you will have learn the fundamental forces that do influence the market movement over time.

Technical analysis, Fundamental analysis, Risk management, price action are essential for the trader. If anyone wants to do good in trade, He must be know all of those. It's not so easy to do learn all of them. For this need, a lot of patients, need to do hard work and a good journal. technical Analysis does not provide 100% safety for a trade, but it helps to do take the next trade. You can able to learn from mistakes with the help of technical analysis.

However, To learn Techincal Analysis I suggest of to OP follow this link: https://www.youtube.com/watch?v=f_Fju2Hb7zs&list=PLvkpxFSTppmnQ7A5DP386zEKU0Tv_fatm&index=17
Most of the time I suggest people this link because I also learned to form this and still learning.

Technical Analysis is not always 100% effective but still you can earn. You don't necessarily need to learn Technical Analysis for investing, as it's mostly for trading. With investing, they just depend on the asset where they can think its good for them to invest and they can surely earn, maybe it's business, stocks or else cryptocurrency. I am pretty sure there's a lot of successful investors here that doesn't even do technical analysis, they are just really good in picking things to invest. But, TA is still good for it can identify trading opportunities in price trends and patterns seen on charts and can surely give you profit.

Mkmanik

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Quote from: Bagaji on October 17, 2021, 04:52:13 AM

Learning how to trade before investing your money is very important as that will help you to make not just informed trading decision but decision that at the end of the day you will smile when login to your exchange account. Technical analysis will not only be enough but you will have learn the fundamental forces that do influence the market movement over time.

Technical analysis, Fundamental analysis, Risk management, price action are essential for the trader. If anyone wants to do good in trade, He must be know all of those. It's not so easy to do learn all of them. For this need, a lot of patients, need to do hard work and a good journal. technical Analysis does not provide 100% safety for a trade, but it helps to do take the next trade. You can able to learn from mistakes with the help of technical analysis.

However, To learn Techincal Analysis I suggest of to OP follow this link: https://www.youtube.com/watch?v=f_Fju2Hb7zs&list=PLvkpxFSTppmnQ7A5DP386zEKU0Tv_fatm&index=17
Most of the time I suggest people this link because I also learned to form this and still learning.

trickys

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Of course, you need to be able to justify your trades. If you don't know why you want to buy or sell, it's not a good idea to trade.
Take a simple example, you go shopping, you buy what you like and when you like it because you know what you want and how to get it... absolutely the same with trading... you need to know.

wxa7115

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Quote from: GreatArkansas on October 11, 2021, 08:29:38 AM

Quote from: dotcoin.info on October 10, 2021, 04:33:05 PM

Technical analysis is not a panacea and it will not always give you 100% probability for any of the trades.

+1 here, but overall, technical analysis is always important. You rather trade and lost with learning than losing your money in vain.
Technical analysis is one of the best methods to trade, about the market. You should also to consider some things, like candlesticks pattern, support and resistance, using multiple timeframes and some indicators (bonus).

Technical analysis is not 100% effective but at the same time the only other option as you state is to trade blind, at least with technical analysis even when you lose you can learn from the market and make some breakthrough that allows you to reduce the number of times you lose or at least reduce the amount of money you lose on each trade.

But if you are trading without those tools then you learn nothing out of the market which means there is no possible improvement to be made, and this means that you will keep repeating the same mistakes over and over again.

UmerIdrees

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Quote from: Robertshon on October 10, 2021, 04:53:20 AM

I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?

I would suggest you to learn price action based Technical analysis which is more powerful but at the same time need more analytical thinking.
Unfortunately the market is so widely abused by the market makers that they will show you a trend and play totally opposite to that trend.

How often do we see W pattern breaking downwards and an M pattern breaking upwards. Due to this manipulation, price action is the best tool to learn in this market.

Bagaji

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Learning how to trade before investing your money is very important as that will help you to make not just informed trading decision but decision that at the end of the day you will smile when login to your exchange account. Technical analysis will not only be enough but you will have learn the fundamental forces that do influence the market movement over time.

famososMuertos

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Quote from: Robertshon on October 10, 2021, 04:53:20 AM

...//..:

Your absence shines here, with any situation that bothers us for whatever reason, for example inexperience or ignorance as you exposed yourself in your OP, commitment can be a good adjective in this situation, but it is scarce and that happens with your growth in the learning.

There is no magic, only commitment, you have to get into the subject, as you would with any other situation, that makes you reach unsuspected knowledge, the search engine helps everyone on any subject to get information but after that it needs to be processed and then be committed to what you learn.

Edit: a post/topic later.

Quote from: sammark23 on October 04, 2021, 04:32:40 AM

What are some of the best ways to learn more about trading?

This is a good example of the point ... don't ask those questions ... the information is there at the click of button ...

There is a colloquial saying that asks: what color is that white horse?

Hippocrypto

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Quote from: Robertshon on October 10, 2021, 04:53:20 AM

I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?

If you wanted to understand the market, do an actual trading and don't just rely on theoritical aspects. Some of teachings will always thought us profit gaining and not realistic trading. The real world never promised 100% returns, but that depends on your analysis and knowledge on how to handle circumstances that might be encountered in trading cryptocurrency. Engaging also with different groups that give you advice should be determined through several experiences from other traders.

Hypnosis00

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Quote from: Cling18 on October 16, 2021, 10:26:47 AM

Learning about technical analysis would be an advantage but when you're just investing, it's just important that you'll know how to deal with the market changes and by setting a target goal. Knowing when to sell and when to buy is already enough. However, you could also learn the basics of technical analysis for future purposes especially if you're planning to do trading.

If we've been spending more time in the market and take a picture of what happens in the previous days vs the current situation I think it was not far to make some good analysis. But we should also be aware that comes to its limitation and we must be know also that TA won't give us assurance and that is why we don't expect much on it. Technical, fundamental analysis, even having good strategies won't save us from losing as it was because of the volatility of the market making it hard to know what will happen next.

seleme

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Quote from: DoublerHunter on October 16, 2021, 04:21:56 PM

Quote from: Robertshon on October 10, 2021, 04:53:20 AM

I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?

^ In most cases as of now fundamental has most likely had a good result in the market when there is a FUD around, BTC price will most likely react the price and it could possibly move the price expectedly. When it comes to technical analysis, I don't know how accurate is this, because as they say, the BTC price will repeat itself but I don't find on the chart that the price has the same movement compared to this current situation. However, in my case, we should also need to learn both analyses, the fundamental and technical analysis so that we can compare both results and pick which one is the most accurate analysis that we can use in predicting price.

Learning both fundamental and technical analysis will let the trader understand what is going on in the markets, the sentimental analysis also lets the trader find the trading patterns by checking the general market sentiment. Without fundamentals it is hard to know the direction of the market trend, technical analysis doesn't give the expected result due to the unpredictable nature of crypto markets. Sentimental analysis is kinda not good for the day trading but you will understand the huge price movements in the market after reading that data on various trading platforms.

DoublerHunter

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Quote from: Robertshon on October 10, 2021, 04:53:20 AM

I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?

^ In most cases as of now fundamental has most likely had a good result in the market when there is a FUD around, BTC price will most likely react the price and it could possibly move the price expectedly. When it comes to technical analysis, I don't know how accurate is this, because as they say, the BTC price will repeat itself but I don't find on the chart that the price has the same movement compared to this current situation. However, in my case, we should also need to learn both analyses, the fundamental and technical analysis so that we can compare both results and pick which one is the most accurate analysis that we can use in predicting price.

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Quote from: Victorycoin on October 16, 2021, 12:14:43 AM

Many methods are used in technical analysis but they are usually a specific type of trade statistics volume etc candlestick analysis chart patterns resistance and support level technical indicators experienced traders usually combine several different strategies in their method and wait for their mutual confirmation. A sure signal can be considered more reliable for decision making it is important to understand that you cannot know for sure what the price will be in the future.

There is also bollinger band and moving average, and then MACD and we have RSI for the last. If you use basically everything that you listed and everything that I listed, then you are not going to be trading constantly. Not that many thing gets at the level that ALL of this suddenly hits and looks perfect, but when it does there is a 90%+ chance that you would basically be making a superb amount of profit.

There are of course many times when these indicators are all wrong, not like you are going to be profiting each time but when you are looking at all these indicators that means that you are only looking at things that which are nearly guaranteed to make a profit.

Be careful when you are trading and use these indicators with small amount at first, see how you hit, because numbers do change from person to person and when you hit the right correct level and you keep making a profit each time, then you could be using that with bigger and bigger amount and make bigger profit in the future.

Cling18

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Learning about technical analysis would be an advantage but when you're just investing, it's just important that you'll know how to deal with the market changes and by setting a target goal. Knowing when to sell and when to buy is already enough. However, you could also learn the basics of technical analysis for future purposes especially if you're planning to do trading.

maydna

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Quote from: Robertshon on October 10, 2021, 04:53:20 AM

I invested in cryptocurrency in March of this year for Experimental. What I understand is that you should not invest only by reading the post or by searching Google. I should learn market analysis. Or there is another way to understand the market?

Reading the post and searching using Google can be a way to get more knowledge related to trading or crypto, but you need to practice what you read. You don't have to use big money to practice, and perhaps, you only need $10-$20 to get the experience of trading. Once you can understand the rhythm of the market, you can add more money to trade but still, don't use too big because you are still learning in trading.

SquallLeonhart

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Quote from: Victorycoin on October 16, 2021, 12:14:43 AM

experienced traders usually combine several different strategies in their method and wait for their mutual confirmation.

Deriving your entry, target/stoploss levels with the help of more than one method of strategies will definitely more effective than what usually traders do with only one strategy. The thing here is, you must need to be wise enough to pick "related" strategies to combine. You cannot have extremely different strategies at a time to generate your signals but strategies can do confluence by nature, will do the job up to our expectations.

Quote from: Robertshon on October 10, 2021, 04:53:20 AM

I should learn market analysis. Or there is another way to understand the market?

No, there is no other way available to do so. Some people may suggest to buy signals from any such service providers. But, such paid signals are known of less accurate; hence overall, you may or may not make money by relying on such services.

Victorycoin

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Many methods are used in technical analysis but they are usually a specific type of trade statistics volume etc candlestick analysis chart patterns resistance and support level technical indicators experienced traders usually combine several different strategies in their method and wait for their mutual confirmation. A sure signal can be considered more reliable for decision making it is important to understand that you cannot know for sure what the price will be in the future.

Silberman

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Quote from: TelolettOm on October 12, 2021, 05:14:49 PM

This is one of the difficulties that I am learning so far, technical analysis. Huh

I don't know why but sometimes, I feel that my technical analysis is not really good. I still face some difficulties in analyzing the charts. Moreover, the possibilities that will happen in some hours or day.
Learning by doing is not as simple as what I think so far Grin

Do not worry this is something that happens to everyone, my advice is that you try a way to analyze the markets that is not subjective at all, this way not only you will be able to analyze what it is happening in the market right now, you will also be able to see what kind of analysis your system could have produced in the past and see if it turns out to be profitable, and if that is the case then you will be able to trade with more confidence knowing that even if you can lose a few trades you can still make money with your way of understanding the markets.

ItsCrafty

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Understanding the coins matters a lot and the coins behavior too, that at which coin we should take entry at which point and leave that place. It all depends upon the trader that how he treats the market and wants to make some profit, another way is that the trader should learn from different websites and have some knowledge.

Topic: I need to learn techincal Analysis? - page 2. (Read 620 times)