Forex Zone - Forex Forum
  1. Forex Zone - Forex Forum
  2. General Category
  3. Forex Education
  4. How to overcome the weaknesses of technical analysis

How to overcome the weaknesses of technical analysis

Discussion started on Forex Education

Print
Pages: 1 ... 31 32 [33] 34 35 ... 60   Go Down

Dyandra

  • Hero Member
  • Posts: 59984
  • Points: 319
  • Likes Received: 57
  • Reputation: +53/-46
It's normal to be afraid of making technical analysis mistakes, but don't be too big because we also have to be able to manage our psychology, which is important, we are obliged to use stop loss and take profit, use the right management system, then everything will be safe.
#481 - December 17, 2023, 01:46:08 AM

Vernalta

  • Hero Member
  • Posts: 62096
  • Points: 500
  • Likes Received: 99
  • Reputation: +18/-46
Feelings of worry that your trading method is wrong or your technical analysis is wrong is normal, but what is certain is that here always use management, always use stop loss and take profit so that everything will be under control.
#482 - December 18, 2023, 12:53:36 AM

Dyandra

  • Hero Member
  • Posts: 59984
  • Points: 319
  • Likes Received: 57
  • Reputation: +53/-46
When you are afraid that your analysis will be wrong. In my opinion, it doesn't need to be that way. What's important is that when you are confident in your trading system, you are confident in your management practices, always use stop loss and take profit, that's enough.
#483 - December 19, 2023, 12:50:18 AM

Vernalta

  • Hero Member
  • Posts: 62096
  • Points: 500
  • Likes Received: 99
  • Reputation: +18/-46
When you are really afraid, you have to be able to try to be patient. The important thing is that you have set a stop loss. You use a good system, use the right management, everything is enough.
#484 - December 20, 2023, 03:49:30 AM

Dyandra

  • Hero Member
  • Posts: 59984
  • Points: 319
  • Likes Received: 57
  • Reputation: +53/-46
When you have a fear of running foreign exchange. When you have a fear because your technical analysis is wrong then definitely use effective management, use adequate stop loss and take profit so that you can get decent results.
#485 - December 21, 2023, 02:15:03 AM

Vernalta

  • Hero Member
  • Posts: 62096
  • Points: 500
  • Likes Received: 99
  • Reputation: +18/-46
There will definitely be technical analysis errors and of course we will all experience them, whether they are good or many, depending on our history of maintaining management. When we can use management practices and trading system practices well then everything will be safe.
#486 - December 22, 2023, 01:39:01 AM

Dyandra

  • Hero Member
  • Posts: 59984
  • Points: 319
  • Likes Received: 57
  • Reputation: +53/-46
Errors in technical analysis do happen and the process sometimes makes us lose control, but as long as we have a thorough plan, have good management effects, always apply stop losses and take profits well, everything will be safe.
#487 - December 23, 2023, 01:41:39 AM

Vernalta

  • Hero Member
  • Posts: 62096
  • Points: 500
  • Likes Received: 99
  • Reputation: +18/-46
Mistakes in technical analysis are normal, but we also have to be able to guard against all of this with regular management, using safe stop losses and take profits because these are all important so that we can get good knowledge later.
#488 - December 24, 2023, 03:55:37 AM

Dyandra

  • Hero Member
  • Posts: 59984
  • Points: 319
  • Likes Received: 57
  • Reputation: +53/-46
When you are afraid of mistakes that will appear in technical analysis, in my opinion you don't need to worry. The most important thing here is to focus on maintaining good management and implementing a trading plan on target.
#489 - December 25, 2023, 01:35:54 AM

Vernalta

  • Hero Member
  • Posts: 62096
  • Points: 500
  • Likes Received: 99
  • Reputation: +18/-46
Errors in technical analysis are normal, don't worry too much, the important thing is that you have set stop loss and take profit, have a good trading system, have detailed management, then everything will be safe.
#490 - December 26, 2023, 01:12:48 AM

Dyandra

  • Hero Member
  • Posts: 59984
  • Points: 319
  • Likes Received: 57
  • Reputation: +53/-46
It's normal to be afraid of technical analysis, especially when you haven't really mastered technical analysis, therefore, it's a good learning process, use the right trading system, use good management so that everything will be useful for you and function well.
#491 - December 27, 2023, 02:03:15 AM

Vernalta

  • Hero Member
  • Posts: 62096
  • Points: 500
  • Likes Received: 99
  • Reputation: +18/-46
When you are afraid that your technical analysis is wrong, you can protect it with good management using the right trading system using the correct stop loss and take profit because all of that will definitely happen to you and you have to be ready.
#492 - December 28, 2023, 01:31:22 AM

Dyandra

  • Hero Member
  • Posts: 59984
  • Points: 319
  • Likes Received: 57
  • Reputation: +53/-46
I think avoiding fear is natural, but don't panic too much as long as you can maintain good management as long as you can carry out the trading system well. Always use stoploss and take profit when opening a position, then everything will be just fine.
#493 - December 29, 2023, 01:10:45 AM

Vernalta

  • Hero Member
  • Posts: 62096
  • Points: 500
  • Likes Received: 99
  • Reputation: +18/-46
When you always feel afraid or feel that technical analysis mistakes will make you MC then you have to pay attention to your trading system. You have to be able to control your emotions. You have to be able to always use stop loss and take profit when you open positions because that is all important.
#494 - December 30, 2023, 01:49:39 AM

Dyandra

  • Hero Member
  • Posts: 59984
  • Points: 319
  • Likes Received: 57
  • Reputation: +53/-46
Mistakes in technical analysis are natural, but in this case you also have to be able to maintain good management and determine the trading system which also needs to be regulated so that you don't make the wrong target.
#495 - December 31, 2023, 01:20:28 AM
Print
Pages: 1 ... 31 32 [33] 34 35 ... 60   Go Up
  1. Forex Zone - Forex Forum
  2. General Category
  3. Forex Education
  4. How to overcome the weaknesses of technical analysis

Members:

0 Members and 2 Guests are viewing this topic.