A good understanding of TA and being good at using TA will greatly help out if you're actively trading, but as others here have said already, that's not the only thing that makes you a good trader and luck does play a part in whether or not you get profits or a loss. News can also greatly influence things in crypto, though the effect varies based on what news is being reported.
You should also have a good risk management strategy while trading. You might have 80% successful trades, but if you don't have good risk management the 20% can take you out in a short amount of time. Don't be greedy.
Topic: technical analysis is enough to be successful in trading ???? - page 6. (Read 1419 times)
In my own opinion yet technical analysis is good for a successful trading because without it I don't think one can enter the market with blind eyes. Technical analysis has really helped me alot in trading. Which I will recommend newbies to get involved and understand it better before entering the market.
Technical analysis helps, but it is not enough to be successful in trading, as there are many other factors, experience, and timing are also very important.
Yes, technical analysis will probably help some part of trading process but completely based on technical analysis to achieve success in trading, it still has too many unreasonable points because technical analysis is just expectations, use fluctuations from the chart in a short time to bring predictions, the nature of gambling is still too much. To make things more reasonable, we also need other factors, trends and times, accompanying those will be our information and experience with the market, which will increase success, just relying on technical analysis is too subjective 
Technical analysis helps, but it is not enough to be successful in trading, as there are many other factors, experience, and timing are also very important.
Different indicators hastheir own uses and if they properly used, you have high chance of winning your trade. Rsi, macd, volumes,candlesticks,different MAs and other important indicators might be effective if it is used with price axtion and fundamental analysis. You should read the market first, get enough information on the coins you want to trade and plan your strategy before you start trading.
There are lots of references on the internet that say that the key to success in trading crypto currencies is a strategy and a little luck. Most newcomers try to avoid losses by looking for accurate strategies, then try to use them to achieve their goals. However, the more they insist on implementing it, the more confused they are to claim various accurate strategies both free and paid.
Trading is little hard to predict because it was following the gambling. So those are having experience they pick right format and right way. I think current market we can choose easily because most of the peoples are earning on crypto trading. At the same it was little dump and pump so accurate strategies are never workout.
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 useless if you have a negative attitude on trading, improve also your attitude and your decision making in trading. Yes, TA works but its not enough to become a successful trader, there must be a missing recipe if you are not feeling well in trading. Don’t think about how to be good, TA doesn’t make a good trader but if you focus to learn then you can succeed. 
There are lots of references on the internet that say that the key to success in trading crypto currencies is a strategy and a little luck. Most newcomers try to avoid losses by looking for accurate strategies, then try to use them to achieve their goals. However, the more they insist on implementing it, the more confused they are to claim various accurate strategies both free and paid.
Trading is little hard to predict because it was following the gambling. So those are having experience they pick right format and right way. I think current market we can choose easily because most of the peoples are earning on crypto trading. At the same it was little dump and pump so accurate strategies are never workout. 
There are lots of references on the internet that say that the key to success in trading crypto currencies is a strategy and a little luck. Most newcomers try to avoid losses by looking for accurate strategies, then try to use them to achieve their goals. However, the more they insist on implementing it, the more confused they are to claim various accurate strategies both free and paid.
Not just technical analysis trading is not enough to be successful. To succeed in trading, only analyzing the technical aspects can not be successful and analyzed all the details. Trading is not easy at all. It is very complicated, so it is impossible to succeed in considering one aspect of trading. With technical analysis, all other aspects are analyzed and the most important is patience.
The fact that crypto market is affected by so many factors makes it clear that technical analysis alone cannot help you preclude the market. And if you are not able to preclude the cryptocurrency market to great precision, you would not be able to be successful in trading just by focusing on TA or FA. You need to incorporate some more things as well. Market knowledge and speculations matter. 
Technical analysis is not enough for successful trading. It has to be a combination of fundamental, the crowd and community as you have rightly pointed out.
Whether we realized or not, fundamental things will usually contribute to the traders decision. And yes, technical analysis will be good if we combine it with fundamental analysis because to my knowledge, fundamentals will usually cause fluctuations with a good range.
Not just technical analysis trading is not enough to be successful. To succeed in trading, only analyzing the technical aspects can not be successful and analyzed all the details. Trading is not easy at all. It is very complicated, so it is impossible to succeed in considering one aspect of trading. With technical analysis, all other aspects are analyzed and the most important is patience.
Yes I agree this point in sometimes technical analysis will be the most important role play to find and predict the future but it will not only that way to get successful but it is also needed for a complete rated to get his trading opportunity to be successful.
Technical analysis is good, and it has a greater role to play when deciding a trade but only a pro trader can really rely on technical analysis with the use of fundamentals, but for newbies, without fundamental analysis, technical analysis will be difficult for them to interpret.The reason why I some times argue that technical analysis is strong enough for pro traders is because, whatever happen fundamentally will automatically send signals to technical, so a pro trader will be able to use its tech analysis very well without having to stress on checking the fundamentals around.
As far as I know the technical analysis does not work as it should. Time changes and some rules become irrelevant. Therefore, first of all you should pay attention to the situation on the market.
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 more suitable in forex trading, it's not that effective in crypto trading, so if you are doing crypto trading then don't rely much on technical analysis. It wouldn't be helpful for you.
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 more suitable in forex trading, it's not that effective in crypto trading, so if you are doing crypto trading then don't rely much on technical analysis. It wouldn't be helpful for you.
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 more suitable in forex trading, it's not that effective in crypto trading, so if you are doing crypto trading then don't rely much on technical analysis. It wouldn't be helpful for you.
Yes I agree this point in sometimes technical analysis will be the most important role play to find and predict the future but it will not only that way to get successful but it is also needed for a complete rated to get his trading opportunity to be successful.
News is what you lack if you truly have taken care of TA and the psychology of trading. News is FA - Fundamental Analysis. This is very important in trading (generally, business) because news help push the TA to achieve a target. To be successful, one has to know what news emanate around the business one is into.
Though technical analysis and fundamental analyses both are very important in trading and business and particularly in crypto, it is not enough. There is a concept of low initial cost of investment that should be kept in mind. If you invest in dip, you can hodl later on and do the TA and FA to see and decide when you should cash out and make a withdrawal decision.News is what you lack if you truly have taken care of TA and the psychology of trading. News is FA - Fundamental Analysis. This is very important in trading (generally, business) because news help push the TA to achieve a target. To be successful, one has to know what news emanate around the business one is into.
Though technical analysis and fundamental analyses both are very important in trading and business and particularly in crypto, it is not enough. There is a concept of low initial cost of investment that should be kept in mind. If you invest in dip, you can hodl later on and do the TA and FA to see and decide when you should cash out and make a withdrawal decision.Jump to: