A trader must do technical analysis in trading. Technical analysis is very important in trading. The more technical knowledge we have, the better we can do from trading. However, we should not only do our technical analysis, but we have to follow some other things in terms of trading. Trading must be done according to certain rules and trading should be done when we feel that we have developed an adequate understanding of trading. Along with technical analysis, a trader needs to keep an eye on market movements by regularly monitoring charts, candlestick monitoring and be well versed in these matters. If a trader is well versed in these matters then he can definitely succeed in trading.
Really that important because if you wont really be making use of technical analysis then what would be the thing that you would gonna do or make use of? Fundamentals?
We do know that not everytime this market does have those kind of sentiments on which means that it cant really be just that possible that you would really be applying out
this kind of trading just because you are really that believing that it would really be just that enough.
Thing here on making use of technicals is that it does really give out that kind of idea on where prices could actually go but it might that not precise but its something
that would really be preferred rather than on making trades and decisions blindly. Nothing beats out if you do make use of technicals rather
than on making positions without any basis.