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Technical and fundamental analysis
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[QUOTE="btaliat, post: 219418, member: 26390"] To be candid, it takes few or no trader to do crypto and forex without being relied on technical and fundamental analyses. These are the guidelines and the yardsticks to follow if truly one to make a huge amount of money. While the technical analysis involves reading charts and using candle pattern to determine the direction of a coin, fundamental analysis involves reading the news or depending on the happenings in the market to determine the direction of the coin. Most time, some traders combine the two which to me it is the best. This is because in most cases, the two always work in s complementary manner rather than antagonizing each other. There will surely be increment in the price of coins when there is good news in the market and vice versa. However, there is no law that says one needs to depend solely on these analyses to make money in crypto. In fact, personally, I don't use neither of the two. I do base my trade on the demand and supply theories. Most times I may be lucky to have much profit and sometimes, I lost. That's all what crypto is all about. Depending on these analyses won't make you win all the time as well. This is because of the high volatility of the crypto market. [/QUOTE]
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