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How to overcome the weaknesses of technical analysis

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zanurreload

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Technical analysis is generally favored by beginner traders because of its ease in providing signal entry. However, as trading experience increases, the more we are aware of the weaknesses of technical analysis. Weaknesses in technical analysis include
  • art will only display price movements from the past to the current (curent time). the meaning is as accurate as a    actually will not predict where prices will move
  • subjective subjective between fellow traders can open different positions
  • rarely found the condition of a perfect trading signal like we are practicing motorcycles in the field, of course, it will be different when we drive it in a crowded area of the vehicle

    And here are ways to overcome the weaknesses of your technical analysis:
    1. Apply money management
    2. Use stop loss and take profit
    3. diversified risk trading
    4. record and develop trading systems using trading journals
    5. learn to use the forex calendar



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#1 - July 12, 2019, 11:59:37 PM
« Last Edit: August 02, 2024, 01:28:42 AM by Admin »

Tahajud

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Many of the novice forex traders who like technical analysis because of the ease of providing entry signals. In addition to finding trading signals using price and indicator patterns has become a habit that is often done. But often with increasing our experience in trading, then we will realize that there are weaknesses in technical analysis.

Instead of experiencing repeated errors, it is better to study this and begin to correct the deficiencies. we who have been very dependent on the existence of trading signals and still continue to get losses, then this is the right time to increase our insight.
#2 - July 14, 2019, 09:27:24 AM

Antonio

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weak analysis and tend to fail, need an evaluation, and analyze these errors and fix them. 
Is it wrong to read signals from indicators or from strategies, and management money.
#3 - July 18, 2019, 02:57:29 PM

Erphat

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to be able to minimize the weaknesses that exist in technical in addition to those already mentioned also by using it discipline and always learn to understand the character of the technical indicators.
#4 - February 24, 2020, 11:34:08 PM

havis

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if we learn and continue to learn how to use technical indicators that we like, then over time we will be able to find weaknesses and get used to those weaknesses so as to minimize their weaknesses.
#5 - February 25, 2020, 02:39:56 AM

Natsu

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We have to minimize technical weaknesses by mastering and continuing to explore the potential and weaknesses of an indicator and make improvements or modifications.
#6 - February 26, 2020, 04:23:03 PM

Arjun Setya Raharja

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in general the weaknesses of technical analysis are repaint indicators, so if we can better know the character of these indicators then we can minimize the weaknesses of technical analysis.
#7 - February 27, 2020, 01:53:35 AM

Alventa

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a technical analysis does have many weaknesses, for that we as traders have a duty to find these weaknesses and overcome them so that we can minimize technical weaknesses.
#8 - February 27, 2020, 02:01:44 PM

Jajami

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The surest is to correct it by always trading and evaluating in detail from the previous analysis errors.
#9 - February 27, 2020, 02:16:11 PM

Cobra Pokerz

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Technical weaknesses need to be minimized, especially traders who focus on technical analysis to have more accuracy, that's the job of a technicalist.
#10 - February 27, 2020, 07:58:48 PM

Admirald

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weaknesses that exist in technical analysis are usually often found in indicators and in the psychology of traders themselves because in addition to false signals, there is also a lack of skills using technical indicators.
#11 - February 27, 2020, 09:26:09 PM

Billy Atkinson

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a mistake when we do technical analysis, that's where the weaknesses of a technical analysis or technical indicators that we can not master well, so we can actually minimize technical weaknesses.
#12 - March 02, 2020, 03:49:14 AM

Jamil Udin

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Overcoming the weaknesses of technical indicators is by conducting continuous trials with the IDator, so that over time we will find the weak points of the indicators and can minimize them.
#13 - March 02, 2020, 09:24:55 AM

DewaFx

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a technical analysis does have its own character so we must know the character of each technical indicator that we use to find weaknesses and reduce their impact.
#14 - March 02, 2020, 04:07:53 PM

rabitb41

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the method you mentioned is indeed quite good and can help cadres who are still unsure of the indicators they use become more directed and minimize the weaknesses of these indicators.
#15 - March 02, 2020, 05:39:43 PM
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