Quote from: drlukacs on November 27, 2019, 08:57:32 AM

Quote from: Jsmbugu on August 31, 2019, 09:27:04 PM

I didn't quit trading but i moved to forex market. And as all they say technical analysis is the key to win in this market and there's many youtubers showing their money by trading forex anyway I'm not sure of it. The problem lately i watched some people saying that technical analysis is bullshit and I'm really confused

What i want to know is how can i become a successful trader and make money for the rest of my life. Should i learn technical analysis or harmonic patterns......
And which is the best market to trade for a beginner.

Yes, definitely the basic knowledge you need to master. These are indicators like EMA, MACD, RSI, Stoch, ... then models such as hammer, triangle, shoulders - head - shoulders, flags, ... then more will be the careful analysis. More sophisticated techniques such as Fibonacci, ... there are many things you have to learn but learning is not enough. You will need to spend more time and money to start trading.
and the average time a trader can start making steady money is after 3 years of training and losing a lot of money. but it depends a lot on your effort, maybe shorter or longer, depending on how you see it. good luck.

I do not really agree with this, learning how all of those indicators are calculated is very easy and learning about their function is very easy as well what it is difficult is to somehow put together a strategy that makes money in the markets in the long term, and most people do not really know how to do that, because technically you could combine all kind of indicators to produce profits in the markets and each trader is going to have his own preference.

Also you don't need to spend years in the market without obtaining profits, if you do that you will be lucky to be able to trade for that long, good traders obtain profits from the very beginning because they have thought very well what they need to do to get profits in the market.