Of course it’s vital, but not enough. You can also read articles on trading, forecasts, watch different videos, even shows like blockbattle
And how such shows can help?
Topic: technical analysis is enough to be successful in trading ???? - page 4. (Read 1419 times)
Of course it’s vital, but not enough. You can also read articles on trading, forecasts, watch different videos, even shows like blockbattle
I am trading from many years using technical analysis but technical analysis only is not enough , I am lacking something in my analysis and not having confidence in taking trades only based on technical analysis, I did ask many traders they say lot of factors like psychology, crowd behaviour , market sentiments , any experienced traders here know some other factors please mention , and if of you know books where I can learn those please mention book name thanks
Technical analysis alone can not help you trading but it can help you in covering 75% path to success. All other things like sentiments, crowd behavior comes with an experience. Even technical analysis can better be applied with experience only. Reading books and stuff over internet can give you basic idea but reading market behavior before triggering a trade will come from experience only. First try to learn the basic of technical analysis and try it implementing to daily trading on small or demo account, note the market behavior and try reading it, learn about trend, retracement, support, resistance, success will follow you one day.
I am trading from many years using technical analysis but technical analysis only is not enough , I am lacking something in my analysis and not having confidence in taking trades only based on technical analysis, I did ask many traders they say lot of factors like psychology, crowd behaviour , market sentiments , any experienced traders here know some other factors please mention , and if of you know books where I can learn those please mention book name thanks
Technical analysis is the foundation upon which your knowledge should build. In addition to technical analysis (in which I often use shapes), I use candlestick analysis. This is an excellent type of analysis that often works very accurately. I searched all the information about candlestick analysis on the Internet in various sources, so I can’t give you a links.So, you are claiming that you can predict bitcoin price based on technical analysis? I don't believe in TA and will never believe in it, because everyone knows bitcoin price can't really be predicted.
You can prove everything with some charts and stuff like that...
But, I'm convinced that with the help of technical analysis, candlestick analysis, trading indicators and common sense, you can make quite successful predictions. And of course I know that there is always the possibility of an erroneous forecast, since most of us are just a mass of people who are being manipulated. And if you need proof, then re-read my posts. Possibly you can find there something interesting.
Technical analysis is indeed a very important capital that must be owned by traders, but only techniques are not enough. experience and market news must also remain a reference as support in making decisions in trading.
for a professional and experienced trader you need to have a lot of qualities and knowledge. Knowledge and experience allow a person to create their own strategies for trading. I have met with this repeatedly, because every professional has his own tactics of action.
Professional traders know how to handle bad days with the earned skills and financial management. Knowledge is important factor due the nature of technological inventions that can be outdated easily.
Through experience, I have learned that trading is very risky and as such you must use Both the technical and fundamental analysis as a guide for investing and trading decision. It is when you have mastered on how the market works generally that you can actually understand and be able to use technical analysis in understanding what is happening fundamentally or how technically you can understand the effects of unexpected news on the assets. There are some candlestick pattern that computes all the information about the assets into its formations, but it takes great knowledge and skills to identify those patterns and formations.
I am trading from many years using technical analysis but technical analysis only is not enough , I am lacking something in my analysis and not having confidence in taking trades only based on technical analysis, I did ask many traders they say lot of factors like psychology, crowd behaviour , market sentiments , any experienced traders here know some other factors please mention , and if of you know books where I can learn those please mention book name thanks
Technical analysis is the foundation upon which your knowledge should build. In addition to technical analysis (in which I often use shapes), I use candlestick analysis. This is an excellent type of analysis that often works very accurately. I searched all the information about candlestick analysis on the Internet in various sources, so I can’t give you a links.So, you are claiming that you can predict bitcoin price based on technical analysis? I don't believe in TA and will never believe in it, because everyone knows bitcoin price can't really be predicted.
You can prove everything with some charts and stuff like that...
I am trading from many years using technical analysis but technical analysis only is not enough , I am lacking something in my analysis and not having confidence in taking trades only based on technical analysis, I did ask many traders they say lot of factors like psychology, crowd behaviour , market sentiments , any experienced traders here know some other factors please mention , and if of you know books where I can learn those please mention book name thanks
Technical analysis is the foundation upon which your knowledge should build. In addition to technical analysis (in which I often use shapes), I use candlestick analysis. This is an excellent type of analysis that often works very accurately. I searched all the information about candlestick analysis on the Internet in various sources, so I can’t give you a links. any experienced traders here know some other factors
The factor I considered the most effective is the news. News can bring the downfall or the upbring of a coin. When there is a partnership or an exchange listing, the price goes up. When there is a delisting or the project that holds that coin is a scam then it falls. Even so you see a major breakout with TA, you can't say that it will go up if there would be bad news for the coin.
for a professional and experienced trader you need to have a lot of qualities and knowledge. Knowledge and experience allow a person to create their own strategies for trading. I have met with this repeatedly, because every professional has his own tactics of action.
technical analysis is enough I make profits in technical analysis only but other than this you need money management and other things to manage your trades if your doing short term day trading , or swinging you don't need any fundamental analysis
Technical analysis alone is not really going to help you, sometimes you need to focus on your instincts, cause it might tell you the right thing at times. And apart from that, you also need to know how to manage your risks, cause if you don't you're as good as a loser and you're not going to achieve anything. Technical analysis are not always accurate and if you follow them, sometimes you're going to lose. But if you know how to manage your risk, you will be able to reduce the losses that can occur. That's all I have to add to what others have said here.
If only technical analysis is certainly not enough to trade you also have to follow trends and news about crypto currency movements, some analysis of others and so on, after that you can combine aspects of these aspects as material for consideration of trade that you will do.
If only techinical analisys is enough to be good trader then everyone would be successful trader, they would just follow tecnical data. But you have to be complete and combine data with experience, knowledge and your intuition. Although too much emotional engagement isn't good you can't behave like a robot so that human touch is also important. Good trader should really be able to have and overal complex view on market and all circumstances in order to be successful.
Technical analysis does help in trading but is not always accurate and needs to try to find other information to ensure the truth so that your trade is profitable.
for beginners it may be appropriate to rely on technical analysis, but if you have experience in trading you will know how to trade properly and correctly because you have experience that will help you trade profitably because you have experience that will be a meaningful lesson.
for beginners it may be appropriate to rely on technical analysis, but if you have experience in trading you will know how to trade properly and correctly because you have experience that will help you trade profitably because you have experience that will be a meaningful lesson.
I doubt that technical analysis is the main reason for us to become successful in trading, its not true and wrong belief also. But it could could be one of the reason for us to get profit, because not all traders who became successful they technical analysis only, of course not.
indeed besides that there are other supporting factors, such as psychological. with psychologically well-established, it will certainly train us to discipline the analysis, so that the target is reached, even though it is faced with large fluctuations
Technical analysis is important in trade, but there are many things you have to have besides technical analysis, some news and events that occur in the crypto world will influence the analysis of the techniques that you do.
I doubt that technical analysis is the main reason for us to become successful in trading, its not true and wrong belief also. But it could could be one of the reason for us to get profit, because not all traders who became successful they technical analysis only, of course not.
Technical analysis ia good for trading but its not the only thing you need to be successful in trading .always trade without emotions learn to always take profit from all your green trade and don't be overcome by greed
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