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 ... 32 33 [34] 35 36 ... 59   Go Down

Vernalta

  • Hero Member
  • Posts: 61658
  • Points: 52
  • Likes Received: 95
  • Reputation: +18/-46
We cannot avoid technical analysis errors. What we can do is minimize these technical errors with regular management using stop loss and take profit because no one knows the market conditions.
#496 - January 01, 2024, 02:25:15 AM

Dyandra

  • Hero Member
  • Posts: 59281
  • Points: 598
  • Likes Received: 57
  • Reputation: +53/-46
Overcoming fear in carrying out analysis to use indicators or other technical analysis is easy to use, the management system must be clear, the use of trading with realistic targets must be correct and of course always use stop loss and take profit
#497 - January 02, 2024, 02:06:06 AM

Vernalta

  • Hero Member
  • Posts: 61658
  • Points: 52
  • Likes Received: 95
  • Reputation: +18/-46
It's normal to be afraid to carry out technical analysis. What's important here is that you focus on trading well using stop loss and take profit using good management.
#498 - January 03, 2024, 03:25:04 AM

Dyandra

  • Hero Member
  • Posts: 59281
  • Points: 598
  • Likes Received: 57
  • Reputation: +53/-46
Errors in technical analysis are indeed normal, but here you still have to be able to use a good trading system using proper management so that you can be successful comfortably.
#499 - January 04, 2024, 02:40:10 AM

fxVirtuoso7

  • Full Member
  • Posts: 196
  • Points: 698
  • Likes Received: 12
  • Reputation: +6/-1
First off, mix it up! Don't solely rely on charts; throw in some fundamental analysis for a balanced approach. It's like cooking ? you need the right blend of spices!

Also, watch out for overcomplication. Keep it simple, buddy. Sometimes, too many indicators just muddy the waters. Stick to the basics that make sense to you. Remember, you're the captain of your trading ship!

And let's not forget about adapting. Markets are as unpredictable as the weather. Be ready to switch strategies when needed. It's like having a Plan B for a road trip ? you never know when you'll need it.

Lastly, don't let emotions run the show. It's easy to get swept away, but stay cool. Trading is a marathon, not a sprint.

You can break the each material/point through this https://insights.primecodex.com/mastering-the-art-of-technical-analysis/
#500 - January 04, 2024, 03:38:37 AM

Vernalta

  • Hero Member
  • Posts: 61658
  • Points: 52
  • Likes Received: 95
  • Reputation: +18/-46
Mistakes in technical analysis really make us afraid, but we have to remember that everything has a solution, the important thing is that we are disciplined, don't use the wrong management, don't be greedy, always apply the correct trading system.
#501 - January 05, 2024, 03:42:44 AM

Dyandra

  • Hero Member
  • Posts: 59281
  • Points: 598
  • Likes Received: 57
  • Reputation: +53/-46
when that fear haunts you, you should be able to focus on trading with proper management. You should focus on using stop loss and take profit adequately so that you can get big and high profits, that's very clear.
#502 - January 08, 2024, 07:24:33 AM

Vernalta

  • Hero Member
  • Posts: 61658
  • Points: 52
  • Likes Received: 95
  • Reputation: +18/-46
In my opinion, mistakes in technical analysis here are common. What is important is that our focus here is to always maintain good management and always maintain trading activities appropriately using stop loss and take profit.
#503 - January 12, 2024, 02:59:49 AM

Dyandra

  • Hero Member
  • Posts: 59281
  • Points: 598
  • Likes Received: 57
  • Reputation: +53/-46
In my opinion, there is no need to be afraid of mistakes in using indicators. The important thing here is that you focus on running with a good system and running with good management so that everything you do can focus comfortably.
#504 - January 13, 2024, 03:29:44 AM

Vernalta

  • Hero Member
  • Posts: 61658
  • Points: 52
  • Likes Received: 95
  • Reputation: +18/-46
There is no need to be afraid of this problem, the important thing is that you focus on carrying out management well, using a clear planning system, the strength of using good stop loss and take profit is all enough to make you avoid technical analysis errors.
#505 - January 14, 2024, 02:41:23 AM

Dyandra

  • Hero Member
  • Posts: 59281
  • Points: 598
  • Likes Received: 57
  • Reputation: +53/-46
You don't need to be afraid of mistakes like this. The important thing is that you focus on trading carefully. The important thing is that you focus on trading well, then everything will be safe and you can make the best use of this.
#506 - January 15, 2024, 01:36:58 AM

Vernalta

  • Hero Member
  • Posts: 61658
  • Points: 52
  • Likes Received: 95
  • Reputation: +18/-46
when you are afraid that your technical analysis will be wrong, in my opinion here you must be able to focus on managing it well, trading with stop loss and take profit comfortably because only in that way can you get peace of mind
#507 - January 16, 2024, 02:19:31 AM

Dyandra

  • Hero Member
  • Posts: 59281
  • Points: 598
  • Likes Received: 57
  • Reputation: +53/-46
Mistakes in technical analysis are basically normal and make us alert later, the important thing is that we can organize management by actively managing trading methods seriously so that everything will be more comfortable and peaceful.
#508 - January 17, 2024, 01:23:59 AM

Vernalta

  • Hero Member
  • Posts: 61658
  • Points: 52
  • Likes Received: 95
  • Reputation: +18/-46
We must be able to change the wrong technical analysis properly. One way is to use proper management, use adequate stop loss and take profit in this case.
#509 - January 18, 2024, 01:06:52 AM

Dyandra

  • Hero Member
  • Posts: 59281
  • Points: 598
  • Likes Received: 57
  • Reputation: +53/-46
When you are afraid to open a position because of wrong technical analysis, one way is to use management to maintain stop loss take profit properly by using
#510 - January 19, 2024, 01:06:03 AM
Print
Pages: 1 ... 32 33 [34] 35 36 ... 59   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 5 Guests are viewing this topic.