Stop relying on these tools and just study how to read a certain chart, It'd be more accurate and could bring you an even greater fortune. Trading without the right knowledge and use of technical analysis is like tossing a coin. There is an equal probability of profit and loss. It helps traders identify the proper entry and exit points, I.e. it helps to identify the right time to invest in the stocks and again the right time to withdraw the money with profits. Identifying this right time can actually make a lot of difference in the trading world.

Not to mention that it helps us, traders to understand the market conditions in a simple manner with the help of basic charts and patterns. Technical analysis thereby makes it very simple and time efficient for a trader. Thus the correct technical analysis is one of the most important aspects of a trader’s life. If you learn the basics, then try reading the BTC to practice. Goodluck!