Post
Topic
Board Trading Discussion
Re: Is Technical analysis a must know in crypto trading?
by
Bushdark
on 11/06/2023, 23:31:29 UTC
Technical analysis is like a road sign for you, if you don't have a traffic sign when crossing a new lane, then you will get lost. Relying on hunches is ridiculous in trading, no gut feeling can predict it will go up or down. It's the same as playing gambling.

At least you have to have technical analysis even though it's basic, because it absolutely must be known by anyone who wants to be involved in the world of trading, without analysis you won't be able to do it. it is easier to lose your money if you neglect technical analysis. If you have bad analysis you need to keep learning and understanding gradually, trade and you will gain experience and learning over time.
There is no way we want to become a trader without know technical analysis because it anchors those things we are going to be seeing in the market chart just like the candle stick, graphs, indicators and other tools that are necessarily to be use as a trader. All traders need to have good ideas about the technical analysis or else lose focus that will not be adequate for one to trade the market and make profits. Those of the mighty and pro traders we are seeing in the market, they learn trading to the core especially the technical analysis that is used mostly in trading as an important tools.