Quote from: Silberman on October 05, 2023, 07:52:03 AM

Quote from: gunhell16 on October 04, 2023, 10:53:22 PM

Quote from: coinfunda on September 24, 2023, 10:34:21 AM

everyone on twitter, insta reel and youtube is making prediction related to different cryptos based on chart lines. Do you still believe these chart reading?

The question is, can you read the chart when you are on an exchange site platform? Because if you don't know or have no idea how to understand it, it's obvious that you're either a newbie or you're just basing your trading income on guesswork and luck. In short, you're just pretending to be a trader just to make others think you're a crypto trader. That's how it used to be for me.

But do you know that an individual trader who enters crypto trading must be able to read? For that to happen, you must first learn the basics of trading and also know at least some of the tools here, because this is what we will use to identify the direction in which the price of a crypto that we want to trade is likely to go.

The knowledge most traders have about trading in general is too shallow, lets look a one of the most simple indicators that exist, the simple moving average, also known as SMA, many traders use this indicator, but do they truly understand it? Do they know how it is calculated? Can they calculate it by hand? What is supposed to indicate? How it can be used with other indicators to produce accurate signals? What other indicators use the SMA as part of their own formulas? Very few people can answer those questions, and with this in mind it is not really surprising those people get poor results.

These questions you mentioned are mostly newbies or even if they are not newbies, they still don't know the questions you said. Because others thought that this is how Bitcoin trading is done in this field of industry, actually.

Basic things that they should have known first, but because they are in a hurry to get income, they always end up losing and making useless hasty decisions. They didn't think that before they can drive a car, they must first know the basics, what is the basic so they can drive a car, first they must have a license, and once they have it, they must know how to drive or the car will move forward. First, safety must be first, wear the seatbelt, start the car with the key, know how to use the parts in the car, the same should be done in trading, you also need to know how to use the tool indicators to predict the direction the price will go. value when they trade.