Technical analysis, Fundamental analysis and Sentiment analysis are some types of analysis which works well in Forex and Stock market.
But none of these works well and in sync with the crypto market. Is there even a single type of analysis which can give if not accurate then at least a near target price ?
Most of the times the market plays against us which indulges us in bearing losses.
Do you guys think Psychological analysis can help us in making better decisions and setting better targets?
Predicting the price as per the news and events in the market and how people react to it could may be give us better profits.
psychological analysis is indeed good to be used as one of the good decision makers. and maybe now I think trading should be done for things that are good in making decisions. because now psychological is something that needs attention, if you make a wrong decision, it will make the traders lose
Psychological aspect does really give a big impact or shall we say a basic thing that should be part on our trading system.Giving out or doing decisions without any analysis can really be just considered as gambling plus having consideration on how you do handle out your emotions too because emotion is also a great factor that can easily affect your way of thinking into things.Collaborating on a well mannered or systematic way will surely give out advantages compared to other traders which doesnt even know on how these factors works.
