Post
Topic
Board Trading Discussion
Re: Trading futures without knowledge of chart patterns, is gambling not trading
by
iamsange
on 04/05/2021, 18:48:05 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
Exchanges keep give warning sign before we can access future trading page, sometimes that simple thing is ignored by people especially who only rely in signal group. For me maybe trading is not something that can be mastered in 1 day, step by step needed maybe people can try to do spot trading, although sometimes profit not big as future, i think analysis is almost same and in spot we can do some ways to minimze loss.