Also, how are you planning to be more efficient with trading this year?.
One simple strategy is to learn from mistakes, and you can learn from mistakes in trading this year by keeping a trading journal so that you could document errors that you made so that you do not repeat them. The more of your personal errors that you notice, take note of, and learn from, the better the trader you will become.
Another way to become more efficient is to never stop learning. Keep looking for resources to make your strategy better.
Hey ruchiman thanks for this. You've got tips on how to efficiently keep the trading journal, I always see it as as dicey. I'll also check some YT contents for this..
Im not experienced trader but also considering the news or fundamental events that will affect the price such as fed rate, interest and any other potential event that might trigger a down low or fast bullish scenario. Sometimes it could be use as credible indicator than charts or some parameters.
Maybe try to compare and use historical info and some trading factor.
Absolutely agree with you! Fundamental analysis can be powerful in predicting market movements. Keeping an eye on news and events like fed rate decisions, interest rates, and other economic indicators can give you an edge in trading.
I've also found it helpful to combine fundamental analysis with technical analysis, using indicators like the ones from LuxAlgo to spot trends and patterns.
Do you have any favorite sources for staying up-to-date on market news and events? I'm always looking for new ways to stay informed!
https://www.bitget.com/events/intro/718808b51d785877a2339357c92c9162?color=newYearOkay. Does Fed rate affect crypto? That that's only for forex . The link you sent talked about is an opportunity for trading bot users.. tasks looks simple though, so when I'm free I'll check it out in details..tq