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Topic: I need to learn techincal Analysis? - page 3. (Read 620 times)

legendary
Activity: 2338
Merit: 1084
zknodes.org
October 15, 2021, 11:12:27 AM
#63
Another best way is to do some practice as soon as you learn the technicals. You need to feel euphoria while trading because it is very necessary for your experience. Use as little capital as possible to learn.
Technical analysis is constantly evolving and you have to learn it every day. Many indicators that you can use to support a good analysis. Although technical analysis is not 100% accurate, the most important thing is that you can do price analysis and have a foresight.
hero member
Activity: 2464
Merit: 877
October 13, 2021, 05:57:01 AM
#62
Yes brother technical analysis and fundamental analysis are two most important things for trading. And every trader needs to learn these things it will helps in trading. By technical analysis we can judge the market behavior that what is the next move of market. And youtube is the best platform to learn about the technical analysis and its totally free of cost. So, learn more and earn more.

You may find many videos on technical analysis on YouTube but not all of them may be helpful. It will be better if you learn from someone who is near you like your friend or family. Technical analysis is not easy and there may be many back or forth questions. Therefore it's recommended to learn technical analysis from a teacher who can give proper guidance.
member
Activity: 812
Merit: 53
October 13, 2021, 03:07:36 AM
#61
Yes brother technical analysis and fundamental analysis are two most important things for trading. And every trader needs to learn these things it will helps in trading. By technical analysis we can judge the market behavior that what is the next move of market. And youtube is the best platform to learn about the technical analysis and its totally free of cost. So, learn more and earn more.
sr. member
Activity: 1386
Merit: 451
October 12, 2021, 06:50:25 PM
#60
Whenever you invest or trade in a project, you need to analyze that project. If you can't analyze that project then that project is investing or trading Can not benefit. So you have to learn technical analysis first. If you can do the analysis then of course you can make a profit by trading or investing.
legendary
Activity: 2520
Merit: 1233
October 12, 2021, 06:34:10 PM
#59
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?
You should understand first know how the crypto market moves its price and later on do fundamental analysis and then next is technical analysis.
Both fundamental and technical analysis is very useful for guessing the price in the market, but if you understand it correctly and want to hold for a long time to gain profit, that is a very safe investment in crypto.

Next is the possible outcome, you should be ready for this whatever happens to the market.  If the price will goes down, don't panic, just wait until the price will come back and aim for a target profit.

There are a lot of factors that we can consider how to learn and understand the market, having your own research has more advantages than relying upon others opinions.
hero member
Activity: 2982
Merit: 610
October 12, 2021, 06:20:17 PM
#58
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
It was difficult for you because you already think it was hard, tried to spend more time in the market and see the difference. Ohh, maybe because trading wasn't for you then and a lot of people have that kind of experience. But on the other hand, TA's doesn't mean it warrants anything for good results as mostly it won't because of the market volatility. We can't simply hide this thing as and very understandable why we mostly fail in trading than success.
hero member
Activity: 2086
Merit: 553
Leading Crypto Sports Betting & Casino Platform
October 12, 2021, 05:14:49 PM
#57
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
legendary
Activity: 2716
Merit: 1383
October 12, 2021, 04:46:35 PM
#56
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?
It depends on the goals you have for yourself in this market, if you are interested only in holding your coins then you will only need to read about the strong fundamentals of bitcoin so you do not get scared when FUD strikes and that could be more than enough for you to be fine, however if you want to actively trade the markets then there is no option for you but to learn all you can about them, if you decide to not do so and trade anyway then you are going to lose your money against traders that took the time to do what you refused to do.
sr. member
Activity: 2296
Merit: 360
October 12, 2021, 04:37:10 PM
#55
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?
The thing is there is not one way to understand the markets.

Technical analysis is a great skill to have but that does not come alone. You also need to keep up with the news for that particular pair, then the general crypto news to know what's happening and how you can use that to extrapolate it to your own trading numbers.

It is also a matter of following the markets too. This is why tracking most of these indices are hard, and not many people are good at but at least, hopefully it gives you a broader understanding of what to be aware of.
One of the most mainly needed for you to at least able to handle yourself on this very unpredictable market but doesnt mean that TA's would be precise in terms of results but somehow it is way too useful on making
out presumptions on where prices could possibly go and thats why TA is something you should really need to learn up so that you could handle yourself in this market but of course you would really be needing
additional learnings like on how to read up and react when it comes to events and news which would really be worth to look upon.
hero member
Activity: 2408
Merit: 584
October 12, 2021, 04:20:04 PM
#54
I should learn market analysis. Or there is another way to understand the market?
You may make good money from crypto space after learning market analysis or may not but if you invest only with bitcoins for years then definitely you could make 100x growth more easily. Yeah, some experts are speculating in a way like one satoshi may worth 1 dollar or 5 to 10 dollars in the near future (probably in 10 to 15 years) hence instated of focusing on just keep investing may help you get massive profits without any big pressure and emotional failures.

Just think about this and decide yourself. Active trading is known for not suitable for all the people. But, holding may get you sure profits out of zero efforts and with less risks.
jr. member
Activity: 210
Merit: 1
October 12, 2021, 11:49:19 AM
#53
lets discus few things about learn technical analysis first you study the pattern and charts of coins and market but one thing is that put some risk involved
and also use paper trading and note that whats going on in market few peoples join online courses and workshops but some peoples fails i sugest that make some own trading and study and then make some practice in these field.
legendary
Activity: 2982
Merit: 1028
October 12, 2021, 10:13:46 AM
#52
Learning TA would definitely make things easier, but nobody has to learn it in order to profit, I mean it is not a "must". Obviously if you learn it, and trade based on what you learned then you are going to be a better trader and you will be able to trade a lot better as well. However, let’s assume that you do not want to learn it and you want to find another method to make money while trading. Then all you would have to do is to memorize prices and where they get stuck and where they skyrocket and all that, those are basically called resistance and support levels, and if you know what you are doing then you would be able to buy and sell accordingly.

This would take a lot longer time, because it doesn't move very volatile way every single day, it takes a while, it is more like once a month so you would have to study a lot longer and it keeps changing so you would have to learn that constantly as well. However, it is not impossible.

Correct. If you have this kind of knowledge, the chance of getting good outcome is very possible.

TA gives you an idea of when to anticipate the market. Positioning your entry and your exit points has a higher chance of being triggered.

But it's always up to you if what particular strategy to use, same with what you are saying, there are other methods aside from luck
based style, which mostly common with newcomers and lazy traders.

Not a must, but better to have a good preparation before dealing with this business.
legendary
Activity: 3052
Merit: 1188
October 12, 2021, 09:59:27 AM
#51
Learning TA would definitely make things easier, but nobody has to learn it in order to profit, I mean it is not a "must". Obviously if you learn it, and trade based on what you learned then you are going to be a better trader and you will be able to trade a lot better as well. However, let’s assume that you do not want to learn it and you want to find another method to make money while trading. Then all you would have to do is to memorize prices and where they get stuck and where they skyrocket and all that, those are basically called resistance and support levels, and if you know what you are doing then you would be able to buy and sell accordingly.

This would take a lot longer time, because it doesn't move very volatile way every single day, it takes a while, it is more like once a month so you would have to study a lot longer and it keeps changing so you would have to learn that constantly as well. However, it is not impossible.
member
Activity: 211
Merit: 20
October 12, 2021, 04:49:32 AM
#50
You know why 90%  of retailers loose against the market? Because they do what you did. Blindly investing into something they dont understand at all. Its like I would invest into a company producing horseshoes. I dont know shit about that business, so before investing in it, I should try to find out about the chances and risks of that business.

I would highly advise you to go and learn technical analysis, and also learn about what are the strenghts and weaknesses of BTCUSD vs other coins and how it fundamentals could pump or dump the price. Also you should get an tiwtter account and follow ElonMusk there, as his tweets can turn the markets upside down. And we are only scratching the surface here. But with this knowledge, you could profit quite some...
I would say that you are both right about not understanding the market and losing, but technical analysis is also not the only way to do that neither. If you understand and how the market works then you could make some sort of profit from it one way or another. I personally do not do TA too much, I do know it a bit but it is irrelevant because I am not using it for other reasons.

I personally make as much profit as I can from the sudden crashes and then sudden increases. Whenever a coin drops to a very low level, I end up buying it, and whenever it goes up then I get to sell it. Just like what happened recently, if I ended up buying when it crashed and sold when it is up now, that would be ideal for me. I am in long investment for now so I end up buying at all prices and not sell anything, but that situation was something I did many times before.

Looks like we need to define TA first, before continuing here Cheesy To me, TA is looking for a Trend (HH/HL/HH/etc) and combining this with Supprot and resistance. If you say  "Whenever a coin drops to a very low level," I am sure you are trying to somehow identify that level, before BtcUsd or any other coin reaches that level, right? And that is basically TA, isnt it?!
legendary
Activity: 2086
Merit: 1058
October 11, 2021, 05:23:50 PM
#49
You know why 90%  of retailers loose against the market? Because they do what you did. Blindly investing into something they dont understand at all. Its like I would invest into a company producing horseshoes. I dont know shit about that business, so before investing in it, I should try to find out about the chances and risks of that business.

I would highly advise you to go and learn technical analysis, and also learn about what are the strenghts and weaknesses of BTCUSD vs other coins and how it fundamentals could pump or dump the price. Also you should get an tiwtter account and follow ElonMusk there, as his tweets can turn the markets upside down. And we are only scratching the surface here. But with this knowledge, you could profit quite some...
I would say that you are both right about not understanding the market and losing, but technical analysis is also not the only way to do that neither. If you understand and how the market works then you could make some sort of profit from it one way or another. I personally do not do TA too much, I do know it a bit but it is irrelevant because I am not using it for other reasons.

I personally make as much profit as I can from the sudden crashes and then sudden increases. Whenever a coin drops to a very low level, I end up buying it, and whenever it goes up then I get to sell it. Just like what happened recently, if I ended up buying when it crashed and sold when it is up now, that would be ideal for me. I am in long investment for now so I end up buying at all prices and not sell anything, but that situation was something I did many times before.
legendary
Activity: 2030
Merit: 1189
October 11, 2021, 01:22:42 PM
#48
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?
The thing is there is not one way to understand the markets.

Technical analysis is a great skill to have but that does not come alone. You also need to keep up with the news for that particular pair, then the general crypto news to know what's happening and how you can use that to extrapolate it to your own trading numbers.

It is also a matter of following the markets too. This is why tracking most of these indices are hard, and not many people are good at but at least, hopefully it gives you a broader understanding of what to be aware of.
hero member
Activity: 1876
Merit: 721
Top Crypto Casino
October 11, 2021, 12:26:56 PM
#47
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?

Technical analysis is more important when you want to trade. And if you are more interested in investing, you need to build yourself up as an investor. This will require research into what aspects of a project are available, and what the future prospects of that project are. Because if you are interested in investing in a project, it is also important to get the right idea about that project. And to gain trading knowledge you have to spend a lot of time studying things related to trading. Because it is not possible to learn trading in one day, there are many traders who cannot claim to be experts even after trading year after year. So no matter which way you want to go, you must spend time learning about the market.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
October 11, 2021, 12:03:44 PM
#46
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).
TA is evolving and there is always something new to learn. All you sad is true and there is much more to that. It such a big space that being a good trader mean being on top of your game all the time.
Learning to trade is like searching for the other lesson without stop because the market is always changing day by day. Without learning more about trading, you will not have a chance to analyze the market movements better. Become a good trader will need consistent learning and that is the only chance to be a pro trader. At least, with learning, you can improve your skills to be better.
hero member
Activity: 2282
Merit: 795
October 11, 2021, 12:00:10 PM
#45
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?

Like in stocks, you do not just invest on something without having proper research or background check on the investment that you just purchased.

In stocks, there are factors that you have to consider before you invest into one. Both the external and internal factors have to be studied and researched well so you could relatively speculate and forecast its price on the market. On the question you provided, there seems to be a fatal mistake- which is investing into something without knowing the product. This could lead to poor performance which may dismay you from investing further.

Next time before you invest, do proper research. The internet contains vast materials that you could learn from.
full member
Activity: 1204
Merit: 162
October 11, 2021, 11:06:26 AM
#44
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).


TA is evolving and there is always something new to learn. All you sad is true and there is much more to that. It such a big space that being a good trader mean being on top of your game all the time.
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