Is learning technical indicators really useful?

٢٤ فبراير ٢٠٢٣

First of all, I'll give you an answer to this question. Learning technical indicators is helpful for analyzing market trends to some extent, but you can't rely solely on technical indicators to place trades. If a certain indicator truly had this ability, it would disrupt the market balance and create a large number of wealthy people.

Let's talk about why we can't rely solely on technical indicators for trading. There are many technical indicators that we are familiar with, such as KDJ, moving averages, and MACD, which are the most basic ones. So I ask you, if one indicator shows a bullish signal, but another shows a bearish signal, what should you do when there is a conflict? In another scenario, if the same indicator shows a bullish signal on a daily chart but a clear bearish signal on a weekly chart, how should you proceed?

Therefore, I say that it's not about learning as many technical indicators as possible, but about learning how to use them. You don't have to use them, but you can't not know how to use them because they do provide some help for analyzing market trends. For example, when multiple indicators simultaneously show signals in the same direction and the direction on various cycle charts is consistent, your order accuracy will definitely be higher.

However, for short-term traders, I suggest learning from simple indicators that are easier to understand market trends. For example, learn to observe the short-term support and resistance positions of a particular product. The market mostly oscillates, so buying low at resistance and buying high at support is the key. When the market is in a horizontal pattern, be more patient and don't rush to enter the market. Remember, good opportunities are always worth waiting for.

Being proficient in one or two analytical techniques during the early stages of trading is enough to survive in this market. Learning more will actually make you more contradictory. Of course, if you currently can't accurately judge support and resistance, you can read my daily analysis articles on market trends more often, which may be helpful to you. Feel free to leave me a message if you have any questions.

In the future, I will also update the market trends of various products in a timely manner and share some articles on trading techniques with you. Your likes and follows are my motivation for continuous updates. Thank you, everyone.