This is something I found in a channel on telegram some days back, I saved up the image on my device because I found the information to be so true, I decided I will post it here which I am doing right now 😊, but I don't remember which channel I got this from.
Trading then vs trading now..
Trading back then used to be based on how good one is with technical and fundamental analysis, profiting from trading back then used to depend on how good one is with the analysis and also how good the trader is with use of market and price prediction tools.
But today, things seems to have changed, today, it seems being profitable in trading depending on how much information you have access to and how early you have them.
We've seen of late especially since the Trump declared support for Bitcoin way back before he was voted for and installed as the US president, the movement of price of Bitcoin have been largerly centered on his statements and actions, technical and fundamentals analysis doesn't mean much anymore, most traders just wait to know what the US president says or does next to determine their next line of action regarding their trading decision, and I can't help but ask if this is the new way to trade?
By the way, do you even believe in this change that has happened or do you still believe that fundamentals and technical analysis is still the way to go in trading?.
I always thought that trading was mostly based on hype, I mean, the price of the coin or stock goes up when there is a positive signal, when the company announces something cool, when the coin gets listed on many exchanges, when the coin implements something cool and so on. If trading is based on fundamental and technical analysis, then doesn't it make trading a little strange? I mean, if it's like a chess, then everyone with a computer can beat others without a computer. If it's all math and technical things, then it's easy as ABC. I think that it's both. There are moments when technical analysis works but the difference is that this harmony gets violated when a hot news drops on crypto news websites or on Twitter.Trading then vs trading now..
Trading back then used to be based on how good one is with technical and fundamental analysis, profiting from trading back then used to depend on how good one is with the analysis and also how good the trader is with use of market and price prediction tools.
But today, things seems to have changed, today, it seems being profitable in trading depending on how much information you have access to and how early you have them.
We've seen of late especially since the Trump declared support for Bitcoin way back before he was voted for and installed as the US president, the movement of price of Bitcoin have been largerly centered on his statements and actions, technical and fundamentals analysis doesn't mean much anymore, most traders just wait to know what the US president says or does next to determine their next line of action regarding their trading decision, and I can't help but ask if this is the new way to trade?
By the way, do you even believe in this change that has happened or do you still believe that fundamentals and technical analysis is still the way to go in trading?.