Technical analysis is the main tool of day traders. Because the place after fundamental analysis is technical analysis. Technical analysis is actually more difficult than fundamental analysis. Because at Fundamental we only know about the fundamentals of coins. And during technical we have to look at many things and this technical analysis requires a lot of practice. And that is why technical analysis is more difficult than fundamental analysis. And to say that if you can do technical analysis then you can do swing trading along with day trading very well .
Now let's talk about technical analysis. Why is technical analysis so difficult? Actually technical analysis has many steps, or you can say rules. And trading is done by following those rules. In fact, if you search the internet for day trading learning, you will find many such rules. And those who are day traders use this technical analysis rules . In fact it is a complete mind game. If you want to do well in trading then you need to fix your mind first, learn to control your emotions.
All the technical analysis videos I've seen so far have said that to be successful in trading you need to learn to control your emotions. Especially when it comes to day trading. When you learn to control your emotions, your profit and your loss won't affect you . And this thing is the most serious, like you lost some money due to making 1 wrong trade, then due to the pain of that loss, you lost a lot of money by making many more wrong trades. And for these reasons, the prerequisite for trading is to control your emotions.
If you learn trading through deep study then emotions control will come to mind. And of course your confidence level must be very high. Because if you don't have faith in yourself then you can't concentrate not only on trading but also on any work in the world. So before starting any work you need to increase your self confidence a lot.
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I just read your article on technical analysis, and I have to say that it's very well-written and full of useful information. You did a great job of explaining why technical analysis is harder than fundamental analysis and how it requires a lot of practice and following rules. I really like how you pointed out how important it is to keep your emotions in check when trading. It's true that trading can be a game of the mind, and the key to success is to learn how to keep your emotions in check. I also like how you said that confidence is important not just in trading but in all work. It's a great reminder that if we want to succeed, we have to believe in ourselves.
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