Forex Zone - Forex Forum

How to overcome the weaknesses of technical analysis in Forex Education_67f83ac065b44

How to overcome the weaknesses of technical analysis

Discussion started on Forex Education

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
When you want to be free from technical analysis errors, you must be able to form good management practices using the right system, using stop losses properly and using small risks.
#451 - November 17, 2023, 03:03:15 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
When you trade Forex and you are afraid of technical mistakes, you must be able to use management. You must be able to focus on using a trading plan well because that is all important to you.
#452 - November 18, 2023, 02:29:54 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
Overcoming the fear of technical mistakes. In my opinion, this is natural because no technical analysis is 100% correct, therefore we are obliged to always maintain our management well by using stop loss and take profit when opening positions.
#453 - November 19, 2023, 03:08:23 AM

Sponsored

How to overcome the weaknesses of technical analysis in Forex Education_6803a6c52eb12
#454 - Today at 01:59:16 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
I think it's normal to be afraid to trade because of technical analysis, because no matter what, there will definitely be errors in technical analysis, therefore it is very important to use management well, use stop loss and take profit well.
#454 - November 20, 2023, 02:22:42 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
In my opinion, don't think too much about fears like this, the important thing is when you feel that your technical analysis is correct and has passed the testing stage.  Try it for a long time. In my opinion, there is nothing to be afraid of. You just have to carry out good management and always secure your position by using stop loss and take profit.
#455 - November 21, 2023, 03:05:59 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
In my opinion, technical analysis errors will definitely happen, so there is no need to worry here. The important thing is that when you trade, you must pay attention to your management and when you open a position, you must use stop loss and take profit correctly.
#456 - November 22, 2023, 02:32:14 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
Being afraid of technical analysis errors does have quite an important impact here, therefore you are always obliged to use good management using stop loss and take profit that adheres to and includes using a safe and accurate trading system.
#457 - November 23, 2023, 01:56:58 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
Overcoming wrong technical analysis is actually easy. The important thing is that you are disciplined. The most important thing here is to maintain your management well by using stop loss. You have to make a good trading plan which has been tested and has high accuracy.
#458 - November 24, 2023, 03:02:08 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
Being afraid of using technical analysis is natural, especially when you are not yet able to find out the big benefits from this analysis, therefore we can reduce this risk by implementing a good stop loss using a qualified trading plan.
#459 - November 25, 2023, 03:01:16 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
In my opinion, all technical analysis has the potential to fail.  However, we must also have a way to reduce the risk of failure by using good management using a mature planning system with the correct application of stop loss and take profit.
#460 - November 26, 2023, 05:35:28 AM

Sponsored

#461 - Today at 01:59:16 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
There will definitely be errors in technical analysis, but we must remember that all of this must be accompanied by a good system, applying the right risks, using good stop losses and take profits, this will make you more comfortable when trading.
#461 - November 27, 2023, 03:38:42 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
so that you can overcome errors generated by technical analysis signals, make sure you always use a clear planning system, use of stoploss and take profit must also be clear, you must be able to continue to use strict management that is small and not risky
#462 - November 28, 2023, 01:16:40 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
Being afraid of technical analysis is not natural because when you use technical analysis and lose, it is normal. What is important here is that you are able to maintain your management well, maintain your capital well, using the right system, there is no problem.
#463 - November 29, 2023, 01:04:37 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
It is normal for all traders to experience errors in technical analysis. What we must remember here is the use of stop loss and take profit. Management planning must also be mature and be able to use small risks to open positions.
#464 - November 30, 2023, 01:05:23 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
It's natural to be afraid to carry out analysis. When you're afraid you might make a mistake, you can use safety for all of that, use stop loss and take profit, use a trading plan that is simple but easy to use.
#465 - December 01, 2023, 01:35:38 AM

Members:

0 Members and 3 Guests are viewing this topic.



Elementor Wordpress Hosting