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.
Great answer. So now I'm just focus on my Goal.