Trading psychology and technical analysis.

Trading seems to be a different world, some find it quite interesting and fun, while others view it as gambling a game of luck and some consider it a place to display prowess in analyzing how and where a market will be trending.

For one to be called a trader it means such an individual has seen the market at its worse/good terms, historical gains/profit will not guarantee always guarantee future success.
A world filled with uncertainty is what a trader faces and takes advantage of the unknown through technical, fundamental, and psychological analysis.

Psychological analysis in trading

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This aspect is very important in trading I see it as the starting point for achieving success in trading, for one to develop an interest in trading there are certain limits of emotional control one needs to maintain, such as discipline, patience, study and, understanding, how the market works.

In trading psychological analysts focus mainly on one's ability to maintain calmness, fear, and greed while handling the market it helps traders stay focus in the turbulent market on how/when to enter/exit trading, without a proper mastery of these emotions a trader would likely do less in achieving his goals while trading.

Technical analysis

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I consider psychological analysis as the bedrock for traders to achieve a successful trading experience, the technical analysis as well is also a solid foundation a trader must build on if they would like to continue their journey in the trading field.

Technical analysis involves a trader using a technical support indicator like the RSI, EMA, and more to trade, and reads the chart movements in the market using technical analysis provides a trader with more clarity on how the market moves in terms of buying and selling volume.

With technical analysis, a trader will not trade base on sentiments rather base on basic information provided through the use of indicators.

Final thought

Psychological and technical analysis are very important for traders they work simultaneously.
To take advantage of the market trends proper understanding of both analyses will be needed.

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