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    Thread: do technical actually work

    1. #1 Collapse post
      AbdulShiek is offline
      Senior Member AbdulShiek's Avatar
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      Quote Originally Posted by Newbie_trader View Post
      As a trader, I don't rely on technical analysis. I admit that when I started my trading activities last year, I don't trust my trading capabilities But that was before. Everything has changed. Now, I am beginning to understand everything about cryptocurrencies. The movement has something to do with the current economic condition.
      You are correct. We should know the primary causes of how the price changes. I think the people who read a lot about economic news have a good chance to make profits in this kind of industry.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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      Aya is offline
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      Quote Originally Posted by AbdulShiek View Post
      You are correct. We should know the primary causes of how the price changes. I think the people who read a lot about economic news have a good chance to make profits in this kind of industry.
      I agree with you. But I also think that technical analysis is a great help to new traders. Especially those who are still not capable enough to digest economic news and make decisions from that alone. They need the opinion of more experienced traders.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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