Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.
Trading has a lot of dynamics involved you can't just get a full grasp of everything about the market just by watching YouTube videos or reading books in a space of two months. You asked how traders able to know the direction of the market, well for you to get to that point you need to give more time to learning and understanding the market, you can't figure out everything within a short period of time. Don't focus on trading now if you are not confident in your strategies, spend time to develop them first and get yourself a mentor to guide you