technical analysis is enough to be successful in trading ????

[yvesp110]

Technical analysis helps, but it is not enough to be successful in trading, as there are many other factors, experience, and timing are also very important.

Yes this is right, technical analysis is not all you need to be successful at trading. You need many other factors to be aligned in the same direction. You need a bullish market as well and a low initial cost of investment. In addition, if you have some good experience, you would end up making good gains in trading. So you need to focus on all these factors.

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[hurry_hore]

It's hard to say, but it could be possible if you can master the technical analysis and you can hard work to understand how the technical analysis works. Maybe my suggestion is you need to learn how to analyze the market and not from the other people. You can always get information from other people but you must analyze by yourself, so you can determine what is going on with the market and if you can find a way to enter the market with a good price, then you should do. With many practicing, I am sure that you can get more information and you can add more skills to helps you to trade.

Maybe your opinion can be correct if OP is trading in very large communities like forex, stocks or even crypto in very large communities like bitcoin or ethereum. That should also be carried out when there is no big news that has strong influence on market movements, which are generally termed as fundamental areas.
Besides that, psychology aspect plays a strong role in both technical and fundamental analysis no matter how strong both analyzes are if the psychological control is not good then the results will not be good.

Practice more will help to be better, some of psychology aspect is discipline.

[Fredomago]

Technical analysis helps, but it is not enough to be successful in trading, as there are many other factors, experience, and timing are also very important.

Yes this is right, technical analysis is not all you need to be successful at trading. You need many other factors to be aligned in the same direction. You need a bullish market as well and a low initial cost of investment. In addition, if you have some good experience, you would end up making good gains in trading. So you need to focus on all these factors.

Collecting information makes you more comfortable dealing with this activities, technical analysis is really helpful to check the pattern that you'll going to follow each time you place your entry and exit positions, there's no accurate and sure thing around this industry,you will still speculate if what will be the next market trend.

[sana54210]

There are lots of references on the internet that say that the key to success in trading crypto currencies is a strategy and a little luck. Most newcomers try to avoid losses by looking for accurate strategies, then try to use them to achieve their goals. However, the more they insist on implementing it, the more confused they are to claim various accurate strategies both free and paid.

Trading is little hard to predict because it was following the gambling. So those are having experience they pick right format and right way. I think current market we can choose easily because most of the peoples are earning on crypto trading. At the same it was little dump and pump so accurate strategies are never workout.

I don't like it when someone equates trading with gambling, because it's really different. The lucky factor is far trading even that doesn't exist, it all depends on a person's understanding of predicting or depending on the experience he often does when he sees a candle pattern. I believe there have been many people/traders who have understood which candles are based on an information, technical analyst or a pattern caused by manipulation. So when they find a candle pattern such these things they will use a strategy based on that price movement.

LOL, you can equate trading to gambling for those who does not follow the real rule of trading. We have so many people that wants to trade, and instead of them learning trading and getting to the advance stage where they will develop skills and strategy with lots of practices, they just enter life trade and start using emotion, intuition and assumption to place order, and that is more of a gambling like activities.

A real investors would first apply the necessary and strategy before placing a trade order and will also apply same trade strategy in selling the order.  Most newbies only wants to trade without learning, and if they start trading, they will surely gamble with figures.

[LimLims]

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

I am not a Pro Trader,
But yes i can give you some basic tricks of Trading which will surely help you out.
Yes Techincal analysis is an important part, i too do believe that.
but along with that, use your brain sometimes.
Many a times traders do that, they invest in the coin which has fallen down recently.
But according to me, dont do that. Its the big mistake.
Moro ever always choose stable coins, so you dont end up making losses.

[dmty.0809]

To become a successful trader there is much to know
1. Absorb Knowledge from Various Sources
2. Preparing to Work Hard to Conduct Research
3. Challenge surrender
4. Compare Yourself with Others
5. Avoid Two Main Mistakes of Beginner Traders
This is my opinion and many people.

[Xampeuu]

To become a successful trader there is much to know
1. Absorb Knowledge from Various Sources
2. Preparing to Work Hard to Conduct Research
3. Challenge surrender
4. Compare Yourself with Others
5. Avoid Two Main Mistakes of Beginner Traders
This is my opinion and many people.

I will only add psychological trading. Strong psychology is needed to support the planned analysis. and this is the most difficult thing to learn in my opinion. we must know ourselves and trust personal analysis

[Tungsten-1]

There are lots of references on the internet that say that the key to success in trading crypto currencies is a strategy and a little luck. Most newcomers try to avoid losses by looking for accurate strategies, then try to use them to achieve their goals. However, the more they insist on implementing it, the more confused they are to claim various accurate strategies both free and paid.

Trading is little hard to predict because it was following the gambling. So those are having experience they pick right format and right way. I think current market we can choose easily because most of the peoples are earning on crypto trading. At the same it was little dump and pump so accurate strategies are never workout.

I don't like it when someone equates trading with gambling, because it's really different. The lucky factor is far trading even that doesn't exist, it all depends on a person's understanding of predicting or depending on the experience he often does when he sees a candle pattern. I believe there have been many people/traders who have understood which candles are based on an information, technical analyst or a pattern caused by manipulation. So when they find a candle pattern such these things they will use a strategy based on that price movement.

LOL, you can equate trading to gambling for those who does not follow the real rule of trading. We have so many people that wants to trade, and instead of them learning trading and getting to the advance stage where they will develop skills and strategy with lots of practices, they just enter life trade and start using emotion, intuition and assumption to place order, and that is more of a gambling like activities.

A real investors would first apply the necessary and strategy before placing a trade order and will also apply same trade strategy in selling the order.  Most newbies only wants to trade without learning, and if they start trading, they will surely gamble with figures.

I think there are striking similarities between the two but you cannot mix both trading and gambling. In trading, you can eliminate the factor of uncertainty if you are good with the skills that are needed to trade your coins. However in gambling, there is still the factor of probability and uncertainty even if you have what it takes to win a game.

[Lanatsa]

There are lots of references on the internet that say that the key to success in trading crypto currencies is a strategy and a little luck. Most newcomers try to avoid losses by looking for accurate strategies, then try to use them to achieve their goals. However, the more they insist on implementing it, the more confused they are to claim various accurate strategies both free and paid.

Trading is little hard to predict because it was following the gambling. So those are having experience they pick right format and right way. I think current market we can choose easily because most of the peoples are earning on crypto trading. At the same it was little dump and pump so accurate strategies are never workout.

I don't like it when someone equates trading with gambling, because it's really different. The lucky factor is far trading even that doesn't exist, it all depends on a person's understanding of predicting or depending on the experience he often does when he sees a candle pattern. I believe there have been many people/traders who have understood which candles are based on an information, technical analyst or a pattern caused by manipulation. So when they find a candle pattern such these things they will use a strategy based on that price movement.

LOL, you can equate trading to gambling for those who does not follow the real rule of trading. We have so many people that wants to trade, and instead of them learning trading and getting to the advance stage where they will develop skills and strategy with lots of practices, they just enter life trade and start using emotion, intuition and assumption to place order, and that is more of a gambling like activities.

A real investors would first apply the necessary and strategy before placing a trade order and will also apply same trade strategy in selling the order.  Most newbies only wants to trade without learning, and if they start trading, they will surely gamble with figures.

I think there are striking similarities between the two but you cannot mix both trading and gambling. In trading, you can eliminate the factor of uncertainty if you are good with the skills that are needed to trade your coins. However in gambling, there is still the factor of probability and uncertainty even if you have what it takes to win a game.

They can be comparable but only into some circumstances only and we all know that gambling and investments/trading is entirely different
when it comes to risk factor.People do react differently on what they are facing but there are cases in trading which you do really need to gamble up or simply
you don't have any idea on what would be the possible movement of price.

[CryptoLing]

Well for me is not enough you also need fundamental analysis to the coin before buying it, but some people just use technical analysis for their trading strategy. It depends on your own style

[fullhdpixel]

Technical analysis is not enough for successful trading. It has to be a combination of fundamental, the crowd and community as you have rightly pointed out.

Whether we realized or not, fundamental things will usually contribute to the traders decision. And yes, technical analysis will be good if we combine it with fundamental analysis because to my knowledge, fundamentals will usually cause fluctuations with a good range.

Yes, this is so true. I see that crypto price usually changes because of the news.
So, it's important for us to always pay attention to daily crypto news.

When it comes to fundamental analysis, I do not joke with it at all and I pay all strict attention to it. It is not everyone that knows how to use Technical analysis strategies, we have some that has never even applied it and they are still doing fine in the market. To me, I don’t see TA function properly without FA, despite that TA functions like arterial intelligence, it still needs fundamental analysis to supply it the information need which it will process and interpret inform of chart for those that knows how to interpret it, and which could be quite too technical for lots of people, while FA is really a simplified strategy.

[DeathProxy]

Technical analysis ia good for trading but its not the only thing you need to be successful in trading .always trade without emotions learn to always take profit from all your green trade and don't be overcome by greed

[lovesybitz]

I doubt that technical analysis is the main reason for us to become successful in trading, its not true and wrong belief also. But it could could be one of the reason for us to get profit, because not all traders who became successful they technical analysis only, of course not.

[mirawantirinjana]

Technical analysis is important in trade, but there are many things you have to have besides technical analysis, some news and events that occur in the crypto world will influence the analysis of the techniques that you do.

[awik p]

I doubt that technical analysis is the main reason for us to become successful in trading, its not true and wrong belief also. But it could could be one of the reason for us to get profit, because not all traders who became successful they technical analysis only, of course not.

indeed besides that there are other supporting factors, such as psychological. with psychologically well-established, it will certainly train us to discipline the analysis, so that the target is reached, even though it is faced with large fluctuations

[bitzizzix]

Technical analysis does help in trading but is not always accurate and needs to try to find other information to ensure the truth so that your trade is profitable.
for beginners it may be appropriate to rely on technical analysis, but if you have experience in trading you will know how to trade properly and correctly because you have experience that will help you trade profitably because you have experience that will be a meaningful lesson.

[bitbunnny]

If only techinical analisys is enough to be good trader then everyone would be successful trader, they would just follow tecnical data. But you have to be complete and combine data with experience, knowledge and your intuition. Although too much emotional engagement isn't good you can't behave like a robot so that human touch is also important. Good trader should really be able to have and overal complex view on market and all circumstances in order to be successful.

[mirawantirinjana]

If only technical analysis is certainly not enough to trade you also have to follow trends and news about crypto currency movements, some analysis of others and so on, after that you can combine aspects of these aspects as material for consideration of trade that you will do.

[fiomcorka]

Technical analysis alone is not really going to help you, sometimes you need to focus on your instincts, cause it might tell you the right thing at times. And apart from that, you also need to know how to manage your risks, cause if you don't you're as good as a loser and you're not going to achieve anything. Technical analysis are not always accurate and if you follow them, sometimes you're going to lose. But if you know how to manage your risk, you will be able to reduce the losses that can occur. That's all I have to add to what others have said here.

[quarkfx]

technical analysis is enough I make profits in technical analysis only but other than this you need money management and other things to manage your trades  if your doing short term  day trading , or swinging you don't need any fundamental analysis