Topic: Which type of trading you think is good? - page 7. (Read 1256 times)
I purely rely on technical analysis so my decisions are based on price action and price structure of the chart, I am not fan of fundamental analysis and it is the reason why I'm not using. Do not be confuse because fundamental analysis is also good for the others but for me it is not working and that leads me to use purely technical analysis. There are a lot of news that can create hype where it can affect your decision and it is why using fundamental analysis is also complicated. Technical analysis is also complicated but you need to learn especially the foundation which is the support and resistance. Choose a trading system that will work for you, if your skills are good with technical analysis then focus on studying technical analysis but if you are good with news and updates then focus on fundamental analysis. Studying Technical analysis is really exciting especially if you are doing backtesting wherein you are trying the trading setups if it is effected or not. You can also predict short term movement of the price by using technical analysis unlike fundamental where it may be a laggard analysis.
Both methods can give you a good profit. But I think it depends on situations like if there's event news or if there's no event happening. If you know these two types of trading then do it both when there's an event trade base on event news and if there's no event trade base on technical analysis. Anyways, if you don't know them both stick to the one you've already know. But If I were you, start learning the method you don't know for your future in trading.
Every business requires both skills and qualifications so you will need everything equivalent to your trading. One thing you can usually see is that we do a lot of research to invest in a project and we are not interested in investing there if it is a reflection of a dubious forecast. Simply put, researching all these things requires a lot of skill, so everything involved in the business depends on the skills. It is not easy to make money by trading because you have to look for the right token.
I'm learning TA but trading based on news seems pretty easy and less risky. I don't know how much of benefit will TA give me even. In terms of alt, upcoming events play a big role and almost ensure a sure profit as far as I have observed.
TA are really important so you have an idea and signal when to trade depending on your performance on it.
Being updated with the news is always necessary so that you are aware about the happenings in the world, especially if it can affect the economy. If the issue can affect the situation in the market and the economy that's the time that you will adjust and adapt depending on that situation. With that mindset, probably it will become profitable for your investment if you continue to become enlightened about the happenings around the world.
In my opinion, good trading is based on technical analysis, because many have proven that mastering technical analysis is easier
make profit from trading. If you are not good at technical analysis, don't be lazy to learn if you want to become successful traders.
Because if you have a strong desire and also never give up to learn technical analysis you can definitely master it.
make profit from trading. If you are not good at technical analysis, don't be lazy to learn if you want to become successful traders.
Because if you have a strong desire and also never give up to learn technical analysis you can definitely master it.
Perhaps, having both TA and event news might be better idea. This will minimize the risk exposure of your tradings. It is more likely, news will be the guide to specify what trend you must get into and while using your TA to make if more precise in order to minimize the risk as much as possible.
That is why I think having both of them will pretty much give you a safe trade.
That is why I think having both of them will pretty much give you a safe trade.
I'm not going with existing theory. I have categorized trading as follows-
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?
I think that will depend on how good that person analyzes the market because some people will trade based on the technical analysis, but the other people will trade based on the event news. But the other people will trade based on how the market moves, and if they think that they can enter the market and buy the coin at a low price, they will do that and try to analyze some coins to buy.
People will select what method will work well for them, and they can't use the other people's method if that method does not work for them. It is better to search what method can help us make a profit, which is why we need to learn about the market analysis. I would not say that it is easy to do because that will depend on our skills.
Technical analysis is so tough you have to study on it .I follow the number two-Event news it is much easier than all .I follow the channel and when i got any news, I do my trade .I always made profit on my way .I think it's better for me and also who are new in trading could follow this .
I'm not going with existing theory. I have categorized trading as follows-
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?
A man's cherished food can become poison to another man.
Just as you don't use TA to analyse your market, others too might not find it funny to understand. The point is, there should be a good collaboration between TA and news details.
Every resources that you have you should combined it and make a good plot of your trading plan, without this it will be hard to become profitable. Trading is not easy, it takes a lot of sacrifices to improve your skills and knowledge, if you have limited resources then keep improving that resource, it can be a big help.
IMO, as good traders you should find any resources as much as you can and both OP mentioned are also may your resources in trading.
There is a collaboration with all your references, the TA, and the news, or any events out there might also have an impact on the market. I think this stuff might you consider as a tool to use to speculate the market and using TA is the most important and to create this you should find other resources.
If you had many resources at least you can make plan B if plan A will not working. The fact is that trading is more on calculation and this isn't easy task. So, don't expect everything is easy in trading.
There is a collaboration with all your references, the TA, and the news, or any events out there might also have an impact on the market. I think this stuff might you consider as a tool to use to speculate the market and using TA is the most important and to create this you should find other resources.
If you had many resources at least you can make plan B if plan A will not working. The fact is that trading is more on calculation and this isn't easy task. So, don't expect everything is easy in trading.
I'm not going with existing theory. I have categorized trading as follows-
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?
A man's cherished food can become poison to another man.
Just as you don't use TA to analyse your market, others too might not find it funny to understand. The point is, there should be a good collaboration between TA and news details.
I'm not going with existing theory. I have categorized trading as follows-
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?
]1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?
In my opinion, the more information you have the more of an informed decision you can make. Therefore, I'm in favour of using both strategies combined rather than using them on their own. I have done this in the past, and as the theories state when you have more data, you can start taking more risks because your spread of data should help you better understand the market and when to plan your market entry/exit.
Good traders should not ne based to anyone and should be more flexible on using resources around the market. It can be a news, fundamental and technical so if you want to be good then you must keep on learning. I have a simple principle in trading, as long as you hit your target and you make more profit than your losses then you are a good trader and can handle the stress of the market.
Maybe you are not compatible to be a day trader unless there are an event/a big new which happen everyday (it hard to happen). But for myself, I always integrate the bot strategy when I'll start to entry, yeah so far I never try to entry without technical analyst and fundamental analyst.
I'll start to make an analyst from news first, there are a lot site related to crypto and I just need to read them one by one or pick some news that I think it will affect to the market. After that, I'll compare with technical analyst, I'm not expert to technical analyst too but at least if I know how to find strong support and resistence, candlestick pattern and chart pattern is enough to me to find the right time to entry/exit.
I'll start to make an analyst from news first, there are a lot site related to crypto and I just need to read them one by one or pick some news that I think it will affect to the market. After that, I'll compare with technical analyst, I'm not expert to technical analyst too but at least if I know how to find strong support and resistence, candlestick pattern and chart pattern is enough to me to find the right time to entry/exit.
I'm not going with existing theory. I have categorized trading as follows-
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?
Fundamental analysis beats any technical analysis. After checkinn the news and event for the day you can now analyse technically bsed on what you saw
A trader has to consider everything. You shouldn't focus on the news or technicals alone.
OP is a bit confused because news and TA are very different.
News are not predictions but rather things that can influence the price despite technicals. They can play into your TA or contradict it but whether you take them into account or not you should always base your trades on Technical and fundamental analysis adding news and the situation in economy and other markets to the mix as needed.
OP is a bit confused because news and TA are very different.
News are not predictions but rather things that can influence the price despite technicals. They can play into your TA or contradict it but whether you take them into account or not you should always base your trades on Technical and fundamental analysis adding news and the situation in economy and other markets to the mix as needed.
I'm the same with you, not also a TA expert, and mostly relies on the news and market sentiment. If there is positive news coming from specific crypto, I'll monitor it around for minutes to a few hours and will wait if there's a reaction coming from that news.
I think I'm more effective with that but also taking note of the TAs which are perfect and helpful for me. Kind of both for me but more of news.
I think I'm more effective with that but also taking note of the TAs which are perfect and helpful for me. Kind of both for me but more of news.
This two were important factors in trading, since news cam hype the traders or investors to buy or sell. While Technical Analysis can bring us more idea whether that project is worth investing and we can be able to trade it by monitoring the charts. We must Abe updated with these 2 or atleast have one that is mastered and see for ourselves if which method works on us best, but first we should try both.
because here in crypto, usually TAs are not in play in most alts. but it is your advantage to have TA knowledge if you are into trading of established alts. the combination of these 2 will greatly help you on how to attack a certain alt. but when it comes to pump and dump coins, you dont need your TA power here, but your knowledge on how and when the team is strategizing to get their money out of this scheme. so both techniques are good if you want to optimize your potential in trading.
I would say combine both TA and event News for a much better performance. As a day trader, I have come to realize that you cannot rely only on TA or Event news when making trade calls because sometimes the market does not respond as expected. Using both gives you the power to much more than some relying on only one factor.
Well, as you have mentioned both all are important in trading. You will not use only TA but at the same time, you will also need news for your daily trading activity. These are very important to have prediction nearly accurate than without having a source of your prediction. That's why we have called in trading, the Fundamental [FA] and Technical [TA] analysis which is very important in trading. You can speculate using your TA without your FA, they should always be together.
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