I am trading from many years using technical analysis but technical analysis only is not enough , I am lacking something in my analysis and not having confidence in taking trades only based on technical analysis, I did ask many traders they say lot of factors like psychology, crowd behaviour , market sentiments , any experienced traders here know some other factors please mention , and if of you know books where I can learn those please mention book name thanks
Hi there,
Well, market is highly volatile unlike forex so there are almost countless of factors and your luck has to play its part because admit it..
We are gamblers... at least every trader is.. to honeycomb it.. we are risk takers...
But somehow.. the more visible factors here are
1.
how the crowd does it this is without a doubt, the most essential but the most vague indicator. we are traders because we interact with each other through exchange.
example. see how the prices become more volatile as the crowd get driven by the news.
enjin really got the crowd with its partnership w/samsung
2.
how the big guys does itsomehow there are large entities that can manipulate or bring a major change in market using their resource or influence
exhibit A. the sudden jump of bitcoin last april fools (this is still a conspiracy)
exhibit B. Xlm was down last March 2019 because they are giving out xlm through coinbase (this is based on my assumptions)
3.
how you do itwelp. in the end, no matter how experienced you are.
it all comes down to you mate. it depends on "you" factors.. (mood, development, resource/capital, social network...)