In any strategy when you gamble, not all of the strategies are guaranteed. That's why whichever is working for you, that's what you have to make some consistency on it.
But if one strategy doesn't work for you then all you have to do is to dispose and stop that strategy and try to find a better one.
You have to be creative on this market as a trader because not everyone that works with us will also work with the others.
Topic: Why technical analysis is not reliable - page 6. (Read 1047 times)
It's why when you are trading, risk management is very important, no matter how sure one is about the trend of the market and no matter what Technical Analysis tells them. But there are some traders who urge that they never use risk management tools like stop loss. Perhaps they just use a small portion of their equity to trade, or they have probably never had their account get burned when there is a catastrophe in the market.
Technical Analysis is just of the many analysis use by traders to analysis the market. Trades make use of fundamental analysis to evaluate their confluence on a particular market which even with the combination of both the market might still not go as planned because all are still speculations which are definitely not accurate. But this doesn’t defeats the importance of technical analysis because it is the only analysis readily available to any trader at every moment of time. The fundamentals and otters are periodic analysis.
Exactly most of this investors use higher time frames like daily time frames or monthly time frames for their analysis unlike most trades that relies on lower time. That’s why most of this investors are mostly placed in the category of swing trades.
Technical analysis is mostly used by traders and not for investment but for trading. But some investors also make use of technical analysis, setting it to weeks or months, but they do not rely on it unlike traders rely on it.
Exactly most of this investors use higher time frames like daily time frames or monthly time frames for their analysis unlike most trades that relies on lower time. That’s why most of this investors are mostly placed in the category of swing trades.
Trading is very risky. Technical analysis is not 100% accurate. According to my trading experience, I will say that indicators are only 50% accurate while also 50% inaccurate. Traders needs other strategies to make sure that they trade and gain than lose.
that is putting economic and global events into consideration,
so traders should put all these factors into consideration before making a investment decisions using technical analysis.
Technical analysis is mostly used by traders and not for investment but for trading. But some investors also make use of technical analysis, setting it to weeks or months, but they do not rely on it unlike traders rely on it. so traders should put all these factors into consideration before making a investment decisions using technical analysis.
technical analysis is a useful tool for traders, but we have to consider it's limitations. Technical analysis is basically based on assumption about the past market statistics and data, without putting into consideration other external factors . So traders should not 100 percent rely on technical analysis, they should use it together with other methods of analysis.
Some of its limitations includes
1.it is based on assumptions about past market trends, gotten from the past market price and volume data
2.it is a backward tool subject to interpretation from different traders.
3.Technical analysis will not provide the full details of the market, that is putting economic and global events into consideration,
so traders should put all these factors into consideration before making an investment decisions using technical analysis.
Some of its limitations includes
1.it is based on assumptions about past market trends, gotten from the past market price and volume data
2.it is a backward tool subject to interpretation from different traders.
3.Technical analysis will not provide the full details of the market, that is putting economic and global events into consideration,
so traders should put all these factors into consideration before making an investment decisions using technical analysis.
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