Technical analysis will work for some people, but it is not 100%. It’s more like 50 to 60%. That range can make some people successful if they know how to manage their losses and control their risk (another skillset we teach). In order to be 90-99% successful in this market you need to know consumer, investor and market sentiment. You need to know how to read and understand the news, historical and analytical data, only using technical analysis as a confirmation to your entries. DO NOT place trades solely based on technical analysis, this is only investor sentiment.
The reason investor sentiment works is because when everyone believes that the market will go up, what would happen? Even if, it has always done the opposite. Now, even though there are more blind traders who do not know what they are doing, the people who do have much more money to trade with. We see what’s really happening and execute on it. So your support and resistance, trend lines, moving averages or Fibonacci levels won’t help you. Have you ever wondered why the market will go against everything you were taught? It even goes against the websites your best friend told you to learn from. It goes against the most trust worthy information that’s out there. Why is that?
Again, until you learn how the market works, the three sentiments and how to read them, timing and confirming your entries based on real data, you may not see the success you’re looking for.
The cold hard truth becomes a saving grace. There’s no telling the amount of time and money you just saved by reading a 5-minute post. Now that you know what to look for and what to focus on, it’s on you. No more excuses! Head on over to our homepage to see what we have to offer education and technology-wise.