Post
Topic
Board Trading Discussion
Re: Fundamental or Technical Analyst. Which one are you?
by
$crypto$
on 24/09/2022, 16:48:50 UTC
There are people who have made a fortune trading Bitcoin with technical analysis, sir. Just because it doesn't work for you doesn't mean it's not working for others.
TA works, probably if it’s not working you just miss something or better yet try to combine it with the FA.
Fundamental and Technical analysis are both ok, this can be a good combination for you to be more successful. Many traders failed not because of TA but simply because of their emotion and being irresponsible. We can’t always win in trading and the only way to increase the chance of making profit is by doing your own analysis every time you trade or invest, don’t think for an easy money just be consistent.
^Definitely right, technical analysis, and fundamental analysis are both good for analyzing the market sentiments. If you will combine these two different analyses it could gather more accurate predictions of the market price. So there is no need to choose which one of them is the best because both are very useful in trading what you need. Some traders prefer to have more than one reference in analysis so that they can predict with have an accurate result.
However, all of these are just a tool in trading, it always remains unpredictable on the side of the crypto market.
If the two can be combined, why choose from one? For traders, it is important that technical and fundamental analysis must be an adjustment and when it is needed because traders certainly need more tools to analyze the market and prices, but of course both are useful, this is always associated with traders so don't be a choice from the wrong one in essence it can be used by most traders.
In fact, not only that, but many more references can be applied in trading.
So I agree with you.