Post
Topic
Board Trading Discussion
Re: Trading futures without knowledge of chart patterns, is gambling not trading
by
DoublerHunter
on 27/04/2021, 02:25:30 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
^ I could not agree more, but look at this one. Deny it or not, these traders are getting massive profits even when they do not have any idea about technical charts, patterns, and analysis. Indeed this is gambling, but it is good enough a gambling that gives big odds isn’t it? But of course, this is only temporary. Sooner or later, they will experience loss from trading will try to sell at red numbers. And that is the time they will learn their lesson to study charts. Probably most of us did start with that kind of approach. I would admit myself being one before, but I learned from my mistakes at get up.