What are the most recommended methods that one could use to Understand trading?
Trading has become fairly popular, as it is now accessible to everyone while also increasing one's income. However, a lack of information can be risky because it might result in losses. This is why, before entering the forex market, one should get a thorough understanding of the subject.
For you to trade you need to learn how to trade the market whether Cryptocurrency market or other financial markets. In trading we three perspectives which you can trade the market from. They are:
✓ Fundamental perspective
✓ Technical perspective
✓ Sentimental perspective
Fundamental perspective involve using news and other information that are gotten from the market activities to analyze the market. Fundamental perspective is a very important tools in the market that can give much profits if a trader knows how to play their games well.
Technical Perspective involve data gotten from the market charts based on previous market reactions. They include Candle Sticks, Market Structure, Chart patterns, etc. Technical analysis is the most popular tools that are used in the market to predict future price movement of the market.
Sentimental Perspective involves individual perspectives of the market, how the price movements can be used to analyze the market.
You need to learn at least the fundamental and the Technical perspectives to be able to be good in analysing the market. Trading is risky and treat it with caution.