Technical aspect in trading

[darewaller]

Basically, what you expect TA to do may not happen. It is definitely true because the reality is that markets do wild moves that we have no idea that it would do. I hope that it would do what we expect it to do but the reality is that we should end up with something that would be a lot more realistic and predicted so that we could make some profit and that would be great but we are not seeing that at all and that is the reason why we are losing money most of the time as well.

Yes, it is not something great to lose money but if it was predictable then we would all make a profit and that is not going to happen, if we all make money then who are going to lose money to us while trading?

The situation with TA is that when people do not use it, they make more losses, and when they use it they still make a loss. Which means that it is not guaranteed that you will profit when you use it, but it is also nearly guaranteed that you will lose when you do not use it. This is why people suggest TA, not because you will profit with TA 100% guaranteed, but it is nearly 100% guaranteed to lose without it, like at least 90%+ guaranteed. This is why TA is not a method of profiting, it is a method of avoiding a loss.

This is not something people understand very well, many people think they can make a profit using TA and shocked when they do not. And that is a big deal because there are too many people who are here to keep making a ton of profit, which we all know you can't constantly do that. So people should realize it is a method of avoiding a loss, not making a profit.

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[Questat]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

* Don't use a large amount if you were just about to start learning to trade
* Don't stop looking for strategies that could help  and improve your knowledge and skills
* Don't rush yourselves to trading if you don't have enough capabilities
* And the last one, never force yourselves to trade if you feel uncomfortable doing this coz you will only just fail and lose all your money.

You should have to be smart in making decisions and bear in mind that trading is not an easy game, you will certainly lose if you don't do it in the right way.

[mexite]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

It's not advisable to throw a big amount of money, which would pain you if lost, at a trade that you lack the skills to manage. With proper understanding of technical analysis (TA) and fundamental analysis (FA), you can begin to master crypto trading. TA helps you to understand and predict the price pattern while a good FA mostly pushes the price up.

If you have bought in good coins/tokens, even if the prices dipped, they would most likely rise again in a bull market. So you need patience as a virtue. Unless you are trading futures, you don't lose your money in spot trading until you sell the token at a loss.

Master yourself first (emotions, patience, risk appetite etc) before you master your trade.

[Tessnik]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

It's not advisable to throw a big amount of money, which would pain you if lost, at a trade that you lack the skills to manage. With a proper understanding of technical analysis (TA) and fundamental analysis (FA), you can begin to master crypto trading. TA helps you to understand and predict the price pattern while a good FA mostly pushes the price up.

If you have bought in good coins/tokens, even if the prices dipped, they would most likely rise again in a bull market. So you need patience as a virtue. Unless you are trading futures, you don't lose your money in spot trading until you sell the token at a loss.

Master yourself first (emotions, patience, risk appetite, etc) before you master your trade.

You are right using huge amount of capital as a newbie in trading can lead to a careless trading decision as you have too much to throw around until you lose everything then start all over again.

[Webetcoins]

using huge amount of capital as a newbie in trading can lead to a careless trading decision as you have too much to throw around until you lose everything then start all over again.

This does not need to be a common scenario for all the traders; if you value your capital then you will not go for random trades. So, huge capital got nothing to do with your losses but only your negligence of technical part of trading. We must give more importance for technical analysis in trading so that we could make profits on regular basis. People who are carelessly making trades may make profits one or two days and then may loss due to the reason of luck not in their side.

Master yourself first (emotions, patience, risk appetite etc) before you master your trade.

Yeah, self-control is more aspect of trading but only after big losses, traders start realizing it. When getting into trading, we need to prepare ourselves for lots of things and self realizing must be one of them.

[taufik123]

-snip-
Yeah, self-control is more aspect of trading but only after big losses, traders start realizing it. When getting into trading, we need to prepare ourselves for lots of things and self realizing must be one of them.

This is of course included in the psychological aspect, because psychology when trading will also affect the trading strategy that has been made. Those who experienced big losses while trading some of them because they did not do the analysis incorrectly and they panicked when the price continued to fall and then did Cut Loss at the lowest price. Building strong psychology is certainly very important. Everything must be managed so that trading does not only result in losses, but trades can produce a lot of consistent profits. Don't trade if you are not ready.

[sherenikaw]

i think If you want to start learning trading and don't have enough skills, then you can start with a small capital first. from there you can learn to trade and increase your knowledge because the more experience, the greater the opportunity to increase knowledge about correct trading. other than that, don't be in a hurry to make a decision to sell or buy coins. do it carefully and thoroughly so that we can think carefully when the time is right.

[breathlessz]

i think If you want to start learning trading and don't have enough skills, then you can start with a small capital first. from there you can learn to trade and increase your knowledge because the more experience, the greater the opportunity to increase knowledge about correct trading. other than that, don't be in a hurry to make a decision to sell or buy coins. do it carefully and thoroughly so that we can think carefully when the time is right.

starting trading even with small capital has advantages, we can train psychologically using real capital, because this will not be obtained if we use a demo account, which only sharpens technical problems, the rest because it's just virtual money we will feel no burden

[Hobo66]

If you want to be victorious in trading then you have to put that amount of cash that you can effortlessly have command just because if you drop your cash then it will be extremely difficult for you to return that dropping. Also be careful with the type of initiative to partake as fake project can also make it easy to lose your money. Go through the detail about trading by view videos related to trading.   

[Dragonfund]

i think If you want to start learning trading and don't have enough skills, then you can start with a small capital first. from there you can learn to trade and increase your knowledge because the more experience, the greater the opportunity to increase knowledge about correct trading. other than that, don't be in a hurry to make a decision to sell or buy coins. do it carefully and thoroughly so that we can think carefully when the time is right.

Who said he can learn trading with little capital and no skill? Please don't miss guide anyone here. This is a public forum and you should refrain from giving unwise recommendation that will mislead anyone. Anything you post here will be for reference sake and may appear on search engines when they are search or query.
Please dear OP. You need skills to excel in trading else your money will burn down like the way firewood burn in chimneys, you need technical analysis and fundamental analysis to survive in trading and also, you need to to emotionally and psychologically prepared to do well in trading.

[Zanab247]

There are many technical aspects in trading which every trader choose the one that is suitable for he or she to use and earn well in the future. The best strategy to apply for your trading to become successful in the community is to use a huge capital to buy when the price drop in the market and hold until the price increase to your satisfaction because you can release them for sale.
Most of the successful traders you seen, make used of social media to trade in the market and they are doing well in the community. They are very active in the forum which is the best place any trader can get good information from and start progress with his trade in the community.

[so98nn]

First thing first, if you have lost this much money then you must have used some sort of methods already which did not work for you. You need to list down those methods, those steps which made you loose this sort of amount and put you into loss situation. I’m pretty sure you will get most of the answers on what went wrong through that list. Next up ahead go for tutoring lessons which are widely available through online courses. For example check the udemy courses which will help you understand the theories on how to plot different graphical predictions based on the data that is available in the current market. Moreover also have some basic knowledge of using fundamental which also constitute some input on how market will react up front.

[RILWAN]

To a large extent, there is no known technical aspect in trading because most of the trading predictions in public never prove any positive trading results.
Trading is a thing of personal development and you learn from your past experience.

[perfect999]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

Well that’s the trading for you, the risks is always too much and you shouldn’t be trading with much money, you should conscious of the amount you choose to trade with so that you don’t lose all your money at once. It’s usually best to trade little, and also build up your profit step by step. There isn’t any need for you to be in a hurry, so that when the market is against you, you don’t lose too much.

And you need to really up your skills, it seems like this is your first time of trading, from the way you have explained things here. So if this is your first time, then you have got a lot to learn and I would say you shouldn’t rush it, just calm down and learn everything and then start trading with little and see how much you have improved.

[Silberman]

Basically, what you expect TA to do may not happen. It is definitely true because the reality is that markets do wild moves that we have no idea that it would do. I hope that it would do what we expect it to do but the reality is that we should end up with something that would be a lot more realistic and predicted so that we could make some profit and that would be great but we are not seeing that at all and that is the reason why we are losing money most of the time as well.

Yes, it is not something great to lose money but if it was predictable then we would all make a profit and that is not going to happen, if we all make money then who are going to lose money to us while trading?

The situation with TA is that when people do not use it, they make more losses, and when they use it they still make a loss. Which means that it is not guaranteed that you will profit when you use it, but it is also nearly guaranteed that you will lose when you do not use it. This is why people suggest TA, not because you will profit with TA 100% guaranteed, but it is nearly 100% guaranteed to lose without it, like at least 90%+ guaranteed. This is why TA is not a method of profiting, it is a method of avoiding a loss.

This is not something people understand very well, many people think they can make a profit using TA and shocked when they do not. And that is a big deal because there are too many people who are here to keep making a ton of profit, which we all know you can't constantly do that. So people should realize it is a method of avoiding a loss, not making a profit.

Like most of the time the biggest problem people have when it comes to TA are their own expectations, as you say the majority of the people that use TA still lose their money, but then this brings the question of why to use it? Because all of those that do not still lose their money, TA is not a magical formula to make money instead it is a way to protect your capital so when the market finally begins to go up you happen to still have most of your capital intact so you can get all the benefits from such movement.

[carlfebz2]

Basically, what you expect TA to do may not happen. It is definitely true because the reality is that markets do wild moves that we have no idea that it would do. I hope that it would do what we expect it to do but the reality is that we should end up with something that would be a lot more realistic and predicted so that we could make some profit and that would be great but we are not seeing that at all and that is the reason why we are losing money most of the time as well.

Yes, it is not something great to lose money but if it was predictable then we would all make a profit and that is not going to happen, if we all make money then who are going to lose money to us while trading?

The situation with TA is that when people do not use it, they make more losses, and when they use it they still make a loss. Which means that it is not guaranteed that you will profit when you use it, but it is also nearly guaranteed that you will lose when you do not use it. This is why people suggest TA, not because you will profit with TA 100% guaranteed, but it is nearly 100% guaranteed to lose without it, like at least 90%+ guaranteed. This is why TA is not a method of profiting, it is a method of avoiding a loss.

This is not something people understand very well, many people think they can make a profit using TA and shocked when they do not. And that is a big deal because there are too many people who are here to keep making a ton of profit, which we all know you can't constantly do that. So people should realize it is a method of avoiding a loss, not making a profit.

Like most of the time the biggest problem people have when it comes to TA are their own expectations, as you say the majority of the people that use TA still lose their money, but then this brings the question of why to use it? Because all of those that do not still lose their money, TA is not a magical formula to make money instead it is a way to protect your capital so when the market finally begins to go up you happen to still have most of your capital intact so you can get all the benefits from such movement.

Technical analysis doesnt really give out guarantees that it could give out precise predictions on where you could really take profit but somehow technical aspects is a great help on at least knowing on what you should gonna do basing with those indicators even though its not really that precise or 100% reliable but at least you do make out some analysis.

Unlike if you are just making out trading decisions without any basis then you are just simply doing gambling and its not a must thing to be done when you are
making trading.

Learn up things as much as you can because this would really be helpful in your future trades to come.

[zulfi125]

Before starting crypto trading you should learn about technical analysis but now you need to learn before more invest in trading, there are a few points you need to remember spot level and resistance level you should learn and RSI and MACd also, these are basics to technical knowledge you should follow these signals and also learn more about technical knowledge.

[GreatArkansas]

With that loss, for sure you already learn something that will help you to be a good trader. Learn from your mistakes.
First, identify your mistakes, like where did you go wrong? Your entry? stop-loss?
How to avoid those mistakes, learning such technical analysis to help you not to do the same mistakes.

And the most important is risk management, do you have one? Because most of the failed traders, don't have. This is the most important, you should always have one to preserve your capital.

[beerlover]

the most important is risk management, do you have one? Because most of the failed traders, don't have. This is the most important, you should always have one to preserve your capital.

If you ask me, I would say that risk management must be more important for trading compared to technical analysis. You could buy signals to skip your technical part but you cannot bypass the requirement of risk management while trading.

Technical analysis will help you to spot out the exact entry/exit price levels whereas risk management will ensure your sustainability along with your capital amount. Risk management covers lots of aspects of trading which include emotional things as well hence ignoring risk management may not result in preferred out come from trading.

[palle11]

the most important is risk management, do you have one? Because most of the failed traders, don't have. This is the most important, you should always have one to preserve your capital.

If you ask me, I would say that risk management must be more important for trading compared to technical analysis. You could buy signals to skip your technical part but you cannot bypass the requirement of risk management while trading.

That is very important aspect of trading. If you don't know how to control your risk you will keep losing hugely despite your technical ability. For example market gets volatile without information and having a good money management is the only thing that can safe the account from being swallowed, technical can only show the process of entering for profit but not protection of account.