Quote from: TimeTeller on November 19, 2023, 11:55:23 PM

Quote from: mirakal on November 19, 2023, 09:43:24 PM

Quote from: hugeblack on September 09, 2023, 03:41:36 PM

If someone wanted to know all these terms before trading, he would not start his trading journey. Sometimes it requires some bold decisions and preliminary knowledge about trading because in the end, one hour of actual trading may be worth several hours of books and theoretical reading.
Also, the cryptocurrency market is very volatile and difficult to predict, so knowing the basics of technical analysis, tracking news, support levels, resistance, Fibonacci, averages and learning how to manage risks is essential before starting trading.

Trading deals more on experience rather on theoretical analysis. Although these are still crucial to learn, but we don't need to prioritize them learning as trading experience should always comes first. In fact, not all professional traders have been aware that all these terminologies exist, and yet they still end up succeeding on their trades.

However, if you want a smooth and successful trading, then its better to still include learning these words. It does not matter when you are going to learn them, but awareness is still essential.

You can already encounter those terminologies as you go thru the journey in trading.
As long as you have the desire to know what each term means once you encounter them, you will already gain knowledge from it.
There's nothing wrong in not knowing all those terms, because a lot of us actually don't know those terms when we started trading.
Just keep an open mind about what you can learn as you go thru this path. We can learn everyday and yet we still feel that our knowledge is still not enough.

I think the best thing is to understand some of the basic terminologies and it application in trading for example Support and Resistance as well as Demand and Supply are one of the most important aspect of trading which a trader must learn, their application in trading is very important for instance a trader is expected to buy at Demand and Support zones instead of selling as well as sell at Supply and Resistance zones instead of buying thereafter studying candlestick patterns reaction and Price Action at those zones reveals information about potential price reversal therefore it's not compulsory to study and adopt all those terminologies but the most relevant and appropriate ones that would aid a trader.