Consider combining other indicators or research techniques, such as technical analysis or sentiment analysis, into your approach to acquire greater insights into market patterns and potential entry and exit points. Timing the market may be tough, and it is difficult to forecast when prices will rise following a dip. It is possible that the price could decline or remain static for a lengthy period of time, locking up your funds and perhaps resulting in lost chances elsewhere.
Every trader has a technique that works for him or her with the aim to identify the precise trading pattern that suits our activities and generates money for us. Spot trading is best suited for short time frames, when calibrated risks are all that is required to trigger our trades in the market. Indicators served well, and technical and fundamental research also aids in market analysis and detecting potential entrances. To summarize, the market is unpredictable, and we must take extreme steps in order to profit.