Re: Does Technical Analysis Really Work?
Straight way answer to your question is
Yes. It does work but it doesn't work 100% independently. There's still need for fundamental analysis and sentiment analysis to win against the market.
I am seeking the opinion of the experienced and voicing my opinion.
I think if a training is 100% for learning, 1% of it is technical analysis and the rest 99% is psychological games..Because I have been learning and trading technical analysis for a long time but mostly I lose. I am still learning after that. I've noticed lately that big investors can handle trading as they please. Because they have a lot of funds, if they take a small amount, they take big trades and destroy it. In which case technical analysis is not enough. And I think psychological analysis plays a big role along with technical analysis.
But I don't have any psychological knowledge about trading. Looking for expert opinion on psychological mind set.
Do they actually learn psychology of trading? I think that comes naturally when you begin to have experience in trading. Psychological behaviour comes with accumulated experience and not necessarily learnt in trading.