Post
Topic
Board Trading Discussion
Re: Trading futures without knowledge of chart patterns, is gambling not trading
by
Vaculin
on 26/04/2021, 23:46:40 UTC
Most people just learn the basic of trading which is just executing trade, but this isn't enough to be a successful margin trader if not you keep loosing funds, you have to learn about chart patterns, know how to analyze trade, know how to read candles. With this knowledge of technical analysis you could actually know when to enter and leave the market, like it's said no one can actually know the direction of the market! I might be new but with my studies I can say technically analysis could help to predict the market to an extent. Trading futures without knowledge of technical analysis is just like gambling because you don't know the next movement your just trading based on luck
That means that you are asking for some luck. But it seems so hopeless, I mean, that guaranteed nothing.
On the other hand, trading without even having the basic knowledge is just like you are depositing your money to the exchanger without expecting it will get back to you. That is why, if we wanted to become a successful trader, it was first to invest ourselves to learning about it, not just to learn while in actual trading because it is possible that you lose a lot of money before you got what you wanted.