Learn the trading is the essential one,one should know the exact time to start the investment and the exact time to withdraw with the benefit.If any trader will not have any one of this skill,they will have face the loss in the trading.When they use the wrong time to invest in the trading,he should not worry about his mistake.Instead he should do use of this knowledge to learn trading.This knowledge will help the trader to understand the market flow better and help to earn more money from the upcoming trades.
the problem arises from the fact that what most people have learned about technical analysis are not useful things in the cryptocurrency market, you will see that in the videos of the courses that you see, the people who teach keep saying that the x, y and z pattern are reversal, and that by adding some technical indicators the person can buy, but what has happened is that if that person uses that knowledge in the cryptocurrency market, then that person will lose money, because in this cryptocurrency market things are completely different from the traditional market
so what comes next is people's frustration, because the person puts in 2000$ and starts to day trade using the knowledge he acquired, but every day he spends hours on the computer and does not earn anything, on the contrary he is losing money and the most ridiculous thing about it is that when he buys and the price drops he sells it (stop-loss) but the next day the price goes up a lot, and at that time when he buys he already has less bitcoin, and gets more frustrated, but the people who buy and do ho dl they manage to make a lot of profits, this is the reality of this cryptocurrency market
Not that its not totally useful but rather its not that always precise most of the time if we do speak about technical analysis on which it is really that something that really mainly been used which i couldnt say that its wrong because if we do always focus that much when it comes to fundamentals then it wont really be always that this market is having those news or events which we could really rely upon or make use on our FA's.
Its a combination of two as long you could be able to see on whats relevant in towards to your trading because each one of us is really just that speculators on this market.There's no way on knowing on where it would be heading and sometimes that greens doesnt always mean that it is really start of the bull run or upward trend because most of them are really just that bull traps or bear traps. You should really know how to distinguish
in both things because if you dont then you would really be missing out on making a good entry. The most challenging part on dealing with any market is that you would really be having a hard time whether you would
really be that going to enter or wait a little further? These would be the main questions that would really be popping out on your mind.
