Do you think that Beginners need Technical analysis?

[popba]

Someone he needed, someone without it lives quietly, well and in General I for example think that technical analysis is necessary for all, not just new.

[kimochidesh]

What I think is that if someone is new to crypto market then he or she should not trade. Trading requires a lot of experience for earning profits. They should first lean about the basics, top coins, exchanges, wallet and hundreds of things to deal with. In fact, beginner will not be able to understand the technical analysis. Otherwise yes, if someone wants to start trading, he should study technical analysis.

[SERGOSTAP]

Yes, I think that technical analysis is useful for beginners. But just do not forget about the fundamental analysis.
I believe that if you are engaged in trade on an ongoing basis, you can very quickly learn the market and begin to earn good money.

[athiftammam2018]

I think it is very necessary because indeed if we can analyze exactly, our chances are likely to be greater, because it has been thinking about various considerations so that later not misstep. So bottom line as this should be controlled by everyone, let alone a newbie.

[rozenkreitzer]

Beginners in addition to technical analysis need to be able to understand many other things, I think that should take at least one year until the beginner and everything is good to navigate in trade and investment.

[Casalania]

beginners needs knowledge and also experience, technical analysis is not enough if you don't understand what you are doing. guidelines or any other kind of tool to analyze the situation of the market is also needed

[Super_Leyla]

Technical analysis is certainly important and useful. But this is a statement of those changes that have already occurred. Forecasting using technical analysis is difficult as it seems to me.
Technical analysis solely for intra-day trading.

[rextoinsem]

I believe that technical analysis in principle on cryptocurrencies is not applicable for trading. A lot depends on people's expectations.

[Balorck]

not , if and to earn not planned ))) I think that analyze you should, in any case , regardless of experience . are you a beginner or a professional

[cctv0]

Of course, whether you are a novice or an investor for many years, you should need technical analysis in this respect. This is a kind of performance that you are responsible for investing in funds. With technical analysis you can avoid a lot of losses!

[smhome354]

It's wise to look at Technical analysis to study the status of the crypto currency trend. But for me it may just be giving a lot of effort and cause pain too much analyzing in investing. I thin it is better to use just the common sense when engaging to any kind of investment.

[befine77]

It is a hard topic, I am listening a youtuber talking about Technical analyses regularly, but still do not understand a big part of it. Surely, it is 1 way to predict things, but IMO there are other things to consider as well.

[lavishlife]

Yes and why not? just step-by-step learn how to technically analyze the market, it helps specially in if you're day trading.
also if you're a beginner it is recommended to use chart indicators, like MACD, RSI etc.

[lucy5632]

Beginners and technical analysis are two incompatible things, a beginner needs strong nerves while they study the movement of the market and gain experience

[AUruHM]

Beginners and technical analysis are two incompatible things, a beginner needs strong nerves while they study the movement of the market and gain experience.

Beginners and technical analysis are two incompatible things, a beginner needs strong nerves while they study the movement of the market and gain experience

Sorry, what does it mean? Beginners or plagiarism?

if beginners want to learn trading or have another one channel with information then TA is necessary. Not in the deep but basis and ability to use

[cryptotycoon33]

Investing is an art that needs skills to function well, so Newbies actually need those skills to perform. I think technical analysis that needs charts and graphs are not easy for Newbies. They need proper tutelage from professional mentors to understand those charts and graphs.

[blindminer]

Frankly speaking technical analysis doesn't usually works in the crypto markets and the beginners don't need technical analysis. They just need to understand to do their own research like check the dev team of the coin, if the coin has any value and if it isn't over valued, if it has any real world use cases, etc.

I totally agree with you. I tried to use technical analysis, but I lost my money when I did that. I tried to follow the charts, watched the telegram channels, and when the price was supposed to go up and all the indicators pointed to it, but in spite of everything it went down and I lost money. Many times I tried to use technical analysis, but more than half of the bets did not work. So technical analysis can't help to the newbie on market, because it takes time that newbie see all picture and got invaluable experience and it is not possible to go to the market and be expert in one month. You need time and this is part of the game, you should spend a lot of time to research.

Therefore, I did not recommend the use of technical analysis to the newcomer, but instead I look at the idea, product, project team and just invest in the most promising. I'm  not looking to the price. I'm holding these coins because I'm sure that time of these coins will come, but not now. You should be patient if you want to make profit.

I am not surprised it did not work following only technical analysis...it can be helpful to time entry and exit but only in the context of market intelligence. Example: Buy the news, sell the news. Much more effective and less risky than trading based on purely TA.

[Deagle21]

technical analysis is one of the most useful things you can do before you have invested your cryptocurrency money. in General, the most basic thing you need before you invest in cryptocurrency is the study of news about the crypto market. study specific coins in which you invest your money and General technical analysis.

[apur688]

Of course, beginners need direction and analysis on how to engage in the world of cryptocurrency. I feel that way, because I as a beginner also requires direction and technical analys. All of that can help them to succeed and not do anything that is wasted in the world of cryptocurrency.

[hcoin01]

Reading graphics and making charts is very important. Investing in news you hear from social media is the wrong move.
Good research is needed.
In the crypto money world, it's easier to lose money.