PC WORLD FORUM

Kai wrote: Wed Mar 19, 2025 5:43 am

Maverick wrote: Wed Mar 19, 2025 5:42 am

Kai wrote: Wed Mar 19, 2025 5:42 am
It depends on their strategy. Some focus on specific indicators, while others combine several to get a clearer picture. It also depends on the time frame—day traders might use shorter-term indicators, while swing traders look at longer trends.

Got it. So, how accurate is technical trading?

Technical trading isn't foolproof. It's all about probabilities, not certainties. Past price movements can indicate possible future movements, but unexpected news or events can always disrupt the trend. That’s why risk management is crucial—using things like stop-loss orders to minimize potential losses.

Maverick wrote: Wed Mar 19, 2025 5:44 am

Kai wrote: Wed Mar 19, 2025 5:43 am

Maverick wrote: Wed Mar 19, 2025 5:42 am
Got it. So, how accurate is technical trading?

Technical trading isn't foolproof. It's all about probabilities, not certainties. Past price movements can indicate possible future movements, but unexpected news or events can always disrupt the trend. That’s why risk management is crucial—using things like stop-loss orders to minimize potential losses.

That makes sense. But is it better than fundamental analysis, or is it just a different approach?

Kai wrote: Wed Mar 19, 2025 5:45 am

Maverick wrote: Wed Mar 19, 2025 5:44 am

Kai wrote: Wed Mar 19, 2025 5:43 am
Technical trading isn't foolproof. It's all about probabilities, not certainties. Past price movements can indicate possible future movements, but unexpected news or events can always disrupt the trend. That’s why risk management is crucial—using things like stop-loss orders to minimize potential losses.

That makes sense. But is it better than fundamental analysis, or is it just a different approach?

It's just different. Fundamental analysis looks at things like a company’s earnings, economic factors, and news events. Technical trading, on the other hand, focuses purely on price action and trends. Many traders use both approaches together to get a broader view of the market.

Maverick wrote: Wed Mar 19, 2025 5:46 am

Kai wrote: Wed Mar 19, 2025 5:45 am

Maverick wrote: Wed Mar 19, 2025 5:44 am
That makes sense. But is it better than fundamental analysis, or is it just a different approach?

It's just different. Fundamental analysis looks at things like a company’s earnings, economic factors, and news events. Technical trading, on the other hand, focuses purely on price action and trends. Many traders use both approaches together to get a broader view of the market.

I see. So, if I wanted to try technical trading, I should start by learning about the indicators and how to read charts?

Kai wrote: Wed Mar 19, 2025 5:46 am

Maverick wrote: Wed Mar 19, 2025 5:46 am

Kai wrote: Wed Mar 19, 2025 5:45 am
It's just different. Fundamental analysis looks at things like a company’s earnings, economic factors, and news events. Technical trading, on the other hand, focuses purely on price action and trends. Many traders use both approaches together to get a broader view of the market.

I see. So, if I wanted to try technical trading, I should start by learning about the indicators and how to read charts?

Exactly! I recommend starting with demo accounts or paper trading to practice without risking real money. And there are a lot of free resources online to help you understand technical analysis better.

Maverick wrote: Wed Mar 19, 2025 5:47 am

Kai wrote: Wed Mar 19, 2025 5:46 am

Maverick wrote: Wed Mar 19, 2025 5:46 am
I see. So, if I wanted to try technical trading, I should start by learning about the indicators and how to read charts?

Exactly! I recommend starting with demo accounts or paper trading to practice without risking real money. And there are a lot of free resources online to help you understand technical analysis better.

I’ll start learning and practicing. Hopefully, I’ll get the hang of it soon.