Quote from: tygeade on January 09, 2024, 05:23:05 PM

Quote from: bayu7adi on January 08, 2024, 08:18:30 AM

Quote from: Bitcoinpoly on December 05, 2023, 12:07:39 PM

2. Learn how to analyze chart

For those who prefer long-term trading, it's not necessary. Fundamental company analysis or related coin is sufficient... afterward, price fluctuations shouldn't affect emotions and decision making. I'm talking about trading for a period longer than 1 year, not day trading. Because, until now, the best practice in my opinion is to hold for a long time. Low risk, low effort... just make sure you have main income to survive.

Well..it doesn't mean I discourage people from analyzing candlesticks... go ahead if you need . However, for newbies, analyzing charts should be on number 4. It takes a long process and a good sense for things like this.

Such as me, I do long term investment and I believe that it is not going to be all that confusing or great, I believe that we are going to end up with something that would be a bit harder to handle and we should not really focus on the indicators. I am not saying short term traders shouldn't, if you are someone who does day trading that indicators are all your life, it is just part of your day, and that means you need to learn them like back of your hand.

However, we need to figure out a way to just hold long term, find some money to do that, and then we do not need indicators if we do that part. I personally hold long term, so indicators mean nothing to me, I just buy and hold, what could indicators do to help me with that.

Some people do both activities simultaneously. long term investment and also short-term trading. People who invest long-term always understand the market situation, and they will be more patient in waiting for good momentum to gain profits. and as for day trading, it is quite difficult to do even for people who have been trading in the market for a while.
we have to admit that daily trading is not easy to do and make a profit. especially for beginners who currently think it is very easy to make a profit from daily trading. it's not as simple as buying low and selling high. There are many trading techniques and strategies that must be understood. Nobody forbids it, but it would be better to understand it first before trying with our big money.