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Author Topic: Do you think that Beginners need Technical analysis?  (Read 3322 times)
Valzzz005
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July 13, 2018, 10:57:34 AM
 #361

As new to Crypto, I can say that Technical Analysis is important for not only for investors but also for bigginers becausei it can guide us in analyzing the movement of  the prices of bitcoin, ethereum, litecoin, bitcoincash and other cryptocurrency based on an examination of past price movements.  It uses patterns in market data to identify trends and make predictions which will tell when to invest.


As I would see it, everyone who is in crypto needs specialized investigation, not just amateurs. It permits to foresee developments of coins' costs and abstain from committing errors. It isn't right when individuals perform just blins bounces into exchanging. Specialized examinations gives a chance to escape tragic results and it is totally justified regardless of the time and endeavors to learn it.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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July 13, 2018, 11:59:12 AM
 #362

To answer the OPs question, I dont think so, no. When you are a complete novice you should avoid day trading and even swing trading, but you would need some very basic knowledge to know when enter the market in the first place. But in time while gaining knowledge and experience TA is a must if you plan to swing trade and not hold your position.
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July 13, 2018, 07:29:28 PM
 #363

I do not think that technical analysis is always a prerequisite, although it is quite useful. After all, you can achieve success without technical analysis, if you have professional friends in this field, an excellent community and other valuable resources to start.
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July 13, 2018, 11:02:51 PM
 #364

As new to Crypto, I can say that Technical Analysis is important for not only for investors but also for bigginers becausei it can guide us in analyzing the movement of  the prices of bitcoin, ethereum, litecoin, bitcoincash and other cryptocurrency based on an examination of past price movements.  It uses patterns in market data to identify trends and make predictions which will tell when to invest.

maybe technical analysis is needed for beginners, one of them aims to seek more knowledge and then can see the circumstances and experiences of others who have first joined the crypto, so even though a beginner but is ready to join in crypto with various risks that have been analyzed.

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July 13, 2018, 11:08:13 PM
 #365

of course. for self-education. technical analysis is the basis, it helps to study the market, it's like an auxiliary tool for making a decision. This helps a lot
Same with me, I also considered technical analysis as one of the skills we need to have when working in cryptocurrency world. Even for the beginners, once you started here, you need to be prepared in everything.

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July 13, 2018, 11:14:05 PM
 #366

As new to Crypto, I can say that Technical Analysis is important for not only for investors but also for bigginers becausei it can guide us in analyzing the movement of  the prices of bitcoin, ethereum, litecoin, bitcoincash and other cryptocurrency based on an examination of past price movements.  It uses patterns in market data to identify trends and make predictions which will tell when to invest.


Yeah, they (included me) need to learn that, it can help when we are trading. The most important is as a newbie we can't like a professional just because we know the technical analysis, we need experience too. So, we must learn a lot then we have an experience too.

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July 13, 2018, 11:20:50 PM
 #367

Of course, learning was very important because it adds to our knowledge. As is the case in this crypto, we must have the knowledge to set strategy stock trading. And you can also set up your money to buy a coin that has a very high potential in the market.

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July 13, 2018, 11:23:41 PM
 #368

I find technical analysis useless in crypto. I am not saying it is useless for everyone but unless you trade frequently and/or day trading then it generally doesn't make sense. Even in the stock market I rely mainly on fundamental analysis

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July 14, 2018, 03:52:06 AM
 #369

As new to Crypto, I can say that Technical Analysis is important for not only for investors but also for bigginers becausei it can guide us in analyzing the movement of  the prices of bitcoin, ethereum, litecoin, bitcoincash and other cryptocurrency based on an examination of past price movements.  It uses patterns in market data to identify trends and make predictions which will tell when to invest.


Yes beginners need technical analysis. For me beginners need a assistant help with regards to cryptocurrency they should study first so they will know what to do and they will not lose what they have invested in putting money in cryptocurrency is not a joke. You need to understand it first before you invest because it will be hard and risky for the beginners to make double their investment, it is not a just 1 2 3 snap that you will earn without learning how to make a profit in cryptocurrency, many are losing what they invested is because they lacked of knowledge and they do not understand how to earn a big profit. I suggest they should keep time on reading about the cryptocurrency and join some groups that are into the cryptocurrency so they can understand and ask others on how to make a big earning and other ways on how they will earn from cryptocurrency.
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July 14, 2018, 03:55:51 AM
 #370

Do you really think that eveybody needs to learn THAT when dealing with crypto? I bet you not everybody has the time and the enthusiasm to learn that. Cryptocurrency is like politics or religion. You can pick the bits and pieces of things that you want to learn to and not everything. I think if you force that kind of thinking to people many would not want to deal with cryptos anymore because of your pushing ideas to others. Let them learn what they want to learn and not shove it up their ...brains.


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July 14, 2018, 06:10:23 AM
 #371

I agree that beginners need to have some knowledge of Technical Analysis. Coupled with lots of research on a project, it can help them minimize loss the risk in trading cryptocurrencies.
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July 14, 2018, 11:41:44 AM
 #372

Beginning market participants, if necessary, can do without technical analysis. But in any case it is necessary to understand the specifics of operations and the situation in the crypto market, to constantly study relevant information and improve.
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July 15, 2018, 05:30:38 AM
 #373

I agree that beginners need to have some knowledge of Technical Analysis. Coupled with lots of research on a project, it can help them minimize loss the risk in trading cryptocurrencies.

and if the beginners can learn from the technical analysis and if they can familiar with this analysis, I am sure that they don't have any problem with trading. besides that, they can prepare to make another strategy if their analysis is not giving a good progress and they will know what they need to do. they can increase their skills from the technical analysis and they can also know where the market wants to go so they can make a right strategy.



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July 15, 2018, 05:48:00 AM
 #374

Many beginners without having the basic capabilities and they are always blaming circumstances exist if order losses. If you want the best results of course as long as since becoming a novice should be able to analyze. but sometimes it's the forgotten everyone so there can be a lot of getting results in crypto.

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July 15, 2018, 10:11:17 AM
 #375

To the beginners i recommend learn fundamental analysis not only technical with collaboration of this two brench, the beginners can hold the money which they want invest.

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July 15, 2018, 01:06:44 PM
 #376

It doesn’t matter what you are going to do at first in the world of Crypto. The most important is to do first step and find real interest towards this matter. If you will give enough time to trades, analysys and so on you will achieve great results.
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July 15, 2018, 03:49:19 PM
 #377

The pre-coded trader has a wealth of tools to quantify the money market. One of them is Technical Analysis. Using this method, traders can better understand tastes and filter out important trends in the market. This data can be used to make informed predictions and wise transactions. I think this is necessary for everyone, especially beginners.
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July 15, 2018, 03:53:36 PM
 #378

Yes, you must understand the basic technical analysis. Therefore it will guide you to understand the graph in crypto currency.
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July 15, 2018, 04:00:07 PM
 #379

everyone needs technical analysis. but you should not forget one thing. technical analysis does not usually work in crypto market. this market usually works and moves according to manipulations  Cheesy

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July 15, 2018, 05:01:57 PM
 #380

Yeah for someone who are new in cryptoworld too, I am still need some tutorial from the experts to became excellence in trading and all about crypto. Analysis, startegy, and axperience are the mpst important to pervent being losses. As we know everybody starts from zero which means everyone new on crypto still needs guidance to be expert
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