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Cryptocurrency Trading / Re: Do not neglect fundamental analysis.
« on: May 19, 2024, 08:29:32 PM »On the moment or time that you do get involved with trading or making out some investment on crypto then everything should really be needing up to learn on which it wont really be just that limited to fundamentals but also with technicals and other aspects on which it would be one of the factors that could really affect out overall movement. We do know that this market could move its price without basing anything or simply being random on which simply means that you would really be that needing to be that good when it comes on making some positionsThere is no doubt that fundamental analysis is important for trading. Those who have got good knowledge in fundamental analysis can do well in trading and most of them are professional traders. Therefore if one wants to be a professional traders then he has to learn fundamental analysis. But it takes time to learn and master fundamental analysis.It's not just price movements that we have to look at and analyze, apart from that we also have to understand everything well, including fundamentals. We can't just focus on market movements because there are other things that can influence it all.
When there is good news, for example, it can make prices increase, and conversely, when there is bad news it will affect prices which will also decrease. We have to be active in looking at things like that, so that we can make good trades.
because making up decisions without any basis is really just that surely to be called as gambling.