Post
Topic
Board Trading Discussion
Re: Trading futures without knowledge of chart patterns, is gambling not trading
by
MCobian
on 27/04/2021, 20:40:44 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

This is why I have often advised many times that to avoid trading futures for newbies, because most newbies do not have good technical analysis
skills. In fact, I am sure there are still many traders who have no knowledge at all how to read price movements in the market. Many ordinary people
only focus on seeing successful traders getting big profits from trading futures, without thinking that getting profit from trading futures requires
a long and difficult process. Even professional traders often fail when trading futures, My advice for anyone who feels that they don't have good
technical analysis skills, avoid trading futures. Because the risk of trading futures is indeed much higher than spot trading.