Quote from: Monarch B on Today at 03:47:04 AM

Quote from: jrrsparkles on Today at 12:44:48 AM

Quote from: Monarch B on February 20, 2024, 06:16:43 AM

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.

TA might work but not all the time, even you will get different results when you use different combinations of indicators so that's how the technical analysis works and it's just an assumption of how market moved based on how market moved. Psychological knowledge is pretty simple, just buy low and sell high which needs patience and obviously you will acquire over time so don't think trading as your main source of income since it's impossible to have consistency in the results that will relieve the pressure on your head and will make you decide better moves.

So you are saying that besides trading I need to have additional source of money.. Although I don't do it professionally yet, I'm still trying to learn it. Already it has created a lot of hype that trading is very easy. But i think not. But presenting it so easily that new traders are coming in and losing their money..

Having trading as your main source of income is extremely risky and jeopardize your future if bad trades knock your capital value and also the pressure of making profits will actually make things harder than it actually is. You can see people claim that they made 10K with their 1K capital in just one month but it's possibly a lie to lure you for selling their trading course or paid signals which are absolute shit.