Post
Topic
Board Trading Discussion
Re: Trading futures without knowledge of chart patterns, is gambling not trading
by
totaleclipseofthebank
on 07/05/2021, 13:52:30 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
Do trading without knowing even the basic things is just suicide.

Yeah, that your right that some people are hoping for Good luck but that is impossible if we don't do anything to improve our trades. Basically, trading needs knowledge and skills, not just having a LUCK alone. I actually asking for luck however, we can't just rely upon it but instead, it must be accompanied by hard work and also the use of our knowledge and skills.
I agree. At least you need some basic knowledge in order to make a proper order.

Sadly, during this hot time, I see many people earning huge money without having any fundamental. They just recklessly invest in any coin they see and apparently, the market creates countless opportunities for them. So these people become more and more careless. It is not good at all.