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

[zergenyt09]

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

Technical analysis is good but not hundred percent what will make you win all the time. Yes it can be helpful cause there are times you will be able to get close to accurate prediction of what the market is going to be in future. But just because you know technical analysis doesn’t mean that you are now going to be winning every trade you put your money in. If it works like that, then there are lots of people that are very good in that and they should have become millionaires overnight. I don’t know if you do follow some predictions that some experts do, you will see that it is not always accurate. Most of the times they are wrong, and when it’s right, it’s not 100% right.

[EXtremeAEX]

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

Also try to trade using candlestick analysis. There are situations when the market situation is uncertain, candlestick analysis can often help in such moments.
Make a plan before buying any coins.
You should also understand that no books will teach you psychological moments. Only your own work on yourself. Notice your mistakes, admit them, draw the right conclusions and act according to them.

[Nunoluck]

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

Technical analysis is only a graphical analysis of coin price movements, so traders can predict the price trends, determination of the support-resistance line, reversal and forcasting. But you need to do fundamental analysis so you can know the fair value of the coin. By using those analysis so you can know where is the good position to buy, sell or wait and see. After that you can apply your trading plan.

[Marnihughes82]

I think your friend is right. In new markets like crypto, we rely heavily on the psychology, the fomo of the crowd, and especially the news and trends that are taking place. We should not apply too much technical analysis, although it also supports very well in trading

[traderethereum]

I think technical analysis is enough to learn for new people, but they need to learn more about trading like, for example, how to analyze the chart to get the right price to enter the trading.
You will need that if you want to become a successful person in trading and there is no exact time when you can master the analysis.
The important thing is you want to learn, you can to apply what you learn, you can continue to try to practice to get a profit.

[BuxCoin]

i learnt technical analysis first and if doing short term and day trading technical analysis is must and enough , but getting more knowledge is market is also necessary if we want to survive and be confident in whats going on , and after having experience , as everyone say there is no end to learning , learning of more concepts is good 

[ivankoh]

Technical analysis is only a necessary factor but not enough to successfully trade in the cryptocurrency market. For myself to successfully trade in this market, it is necessary to capture the trend, make timely decisions and ultimately use technical analysis to determine appropriate buying and selling points. That's the way I've used it in this market for a long time.

[Maslate]

Technical analysis is only a necessary factor but not enough to successfully trade in the cryptocurrency market. For myself to successfully trade in this market, it is necessary to capture the trend, make timely decisions and ultimately use technical analysis to determine appropriate buying and selling points. That's the way I've used it in this market for a long time.

Well, considering TA's is just a guide and something a thing to look at but relying alone upon TA isn't good at all. We know its market behavior and can't think that the market will have a steady flowing trend that TA's will be right all the time. It is our self to adjust from how the market works and changing our trading strategies will work well otherwise, we are just hanging on the train.

[MonsterV]

Technical analysis is just the basics of trading like learning how to read and write in schools. You need to know this first before learning the next step like reading data and charts, deciding what coin should be bought or sold and what will be your strategy in order to profit more. This isnt enough but its a good thing if you already know this before starting real trading.

Learning through videos and books I think it's still a basic lesson in trading. The most valuable lesson in my opinion is experience, yes experience, trading does not require a lot of theory but experience. When we have a lot of experience, our trading skills will also increase. Videos and books are a theory that must be developed and it produces extraordinary experiences, the more hours you fly, the more knowledge our get.

[EdvinZ]

Qualitative technical analysis in trading should certainly be the foundation for the trader’s adoption of trading strategies. However, other components of successful trading are also important, such as: 1) risk diversification. 2) psychological composure. 3) general strong trends in the market. 4) intuition. 5) strict adherence to the previously selected  trading strategy. Only a combination of these factors can lead to success.

[slaman29]

Well, considering TA's is just a guide and something a thing to look at but relying alone upon TA isn't good at all. We know its market behavior and can't think that the market will have a steady flowing trend that TA's will be right all the time. It is our self to adjust from how the market works and changing our trading strategies will work well otherwise, we are just hanging on the train.

I'm not a big fan of TA when it comes to prediction. I can say that I enjoy looking at them a lot and reading them and most of my time reading trading news is TA anyway but that is always just looking at patterns of the past and understanding that especially in crypto/Bitcoin you can't really apply TA until the market is more mature, which will take many more years.

[Racc00n]

my advice is just read "Trading in the Zone" by Mark Douglas
then read it twice and when you will finish it... just do it ONCE again
thank me later 

[Mehr Sher]

Yes, analyzing is very important but it alone is not the way for one to be successful. You have to be balanced with doing things and that is where I prefer Trading Tools, as that’s how you are able to figure out things relatively easily and something that benefits. I don’t think it’s all that easy but with hard work and putting up efforts consistently and regularly helps for sure. But in all in all, it’s about combination of things that makes you succeed.

[maxreish]

Technical analysis helped me a lot to become a great trader. But there are still indicators that we have to learned in our own way and we have to find such indicators that suited our understanding and that fits our trading style. So far, I only use 3 simple indicators like Moving Average, RSI and stoch RSI. Those help me to still get profits with my own TA and predictions.

[gabbie2010]

I agree that you should not rely only on technical analysis. Many other factors have a very important impact. In my opinion, the mood in the market is very important. The market often goes against the majority and therefore it is sometimes very useful to take this factor into account.

Fundamental analysis is another aspect that is closely associated with Technical analysis, news around the cryptosphere will have a significant impact on the price of cryptos recalled president Donald Trump recent derogatory remarks on bitcoin and Libra will fundamentally have some impact on price of cryptos thus a good trader will take some profits after the pronouncement obviously envisaging a price dump while indicators too plays a major role in price movement although they lag behind price in addition emotions and psychological effect of trading should also be considered for a successful trading.

[bitbunnny]

No, it's not enough. You are a human being, not a machine and you have to use your brain, your past experience and your emotions too, pure technical data are not enough.
If things were that simple then everyone could be successful in trading. It's could be very helpful though and you should take it into consideration when making decisions but you can't fully rely only on technical data.

[South Park]

Qualitative technical analysis in trading should certainly be the foundation for the trader’s adoption of trading strategies. However, other components of successful trading are also important, such as: 1) risk diversification. 2) psychological composure. 3) general strong trends in the market. 4) intuition. 5) strict adherence to the previously selected  trading strategy. Only a combination of these factors can lead to success.

I agree, while a strong foundation on TA is needed there are many other factors that influence your results, probably one of the most important is your confidence, many traders begin to use a trading system not knowing if it will make them money over the long term, and if you do not know that then how can you effectively trade your system? So one of the most important aspects for a trader to consider is to backtest his strategy which is something very few traders do.

[Apaxy]

Of course, if a trader already knows how to make a technical analysis of a particular coin, he will be able to understand how to make the right choice.  In any case, without certain knowledge and experience, it will be very difficult to achieve real results in trade.

[ivankoh]

Of course, if a trader already knows how to make a technical analysis of a particular coin, he will be able to understand how to make the right choice.  In any case, without certain knowledge and experience, it will be very difficult to achieve real results in trade.

Although technical analysis is an indispensable element if you want to succeed in trading, you still need more skills to win in this market. In addition to technical analysis you also need to monitor the market, analyze psychological investment and spend a lot of time researching in depth about the coins you want to invest.

[Ms_Arc]

Not only technical analysis can be 100% successful, but if you use technical analysis with absolute discipline, you absolutely have a chance to succeed.