I want to talk about the case of wrong using of Trading Analysis today.
I have come across so many people WHO THINK that traders can predict the market 100% or that learning Trading Analysis is 'To Predict Market Price'.
I hate to break it to you that even the most successful traders Cannot Always Be Correct about price direction.
Yes,some traders try to forecast the price and it will cost his followers if the target he gave did not hit.
There're Paid/VIP groups for the people without trading knowledge to give them targets but still,they have to take their own risks as paid groups also cant be always correct.
SO WHY THE HELL SHOULD WE LEARN TRADING LESSONS ANYWAY?
TRADING LESSONS PREVENT YOU FROM BUYING AT RESISTANCE AND SELLING AT SUPPORT LIKE A DONKEY!
The correct answer is to manage the risk of a Trading Setup.
When you have trading knowledge even if basic, you can mark the support and resistance of the chart you re going to trade.
The purpose is simple.
You buy at support and you sell at resistance.Price will only continue to grow after breaking the resistance so you can buy back above resistance if you like to continue trading it although there are million of coins in the market.
That's why Trading Analysis is more to the Risk management than Market Price forecast.
Tip- IF you rely mainly on one or two tool to make ur trading setup,you will still get ripped apart because you have to take every indicators into consideration as it will give you more scenarios of the price direction.
That's all and thanks for reading.
If you want trading setups,follow me on tradingview where I usually posts charts there https://www.tradingview.com/u/tikyikhant/
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