What matters in trading?

[Charles Agustin]

According to me market analysis is a vital part for trading that most of the traders can’t do. What do you think about it?

 

[Fin_Trader]

I agree that the ability to analyze the market is very important when trading forex. But what is also important is how a trader knows how to control his emotions. That is, the psychological component in trading plays a decisive role when, for example, a trader does not have discipline or the ability to wait, but there is greed and passion. And if you are not psychologically balanced, you will not be able to make money using any analysis or good trading strategy.

 

[Sheldon.D]

I agree with you. Market analysis is ofcourse a crucial aspect of trading, and many newbies struggle with it. Practical market analysis involves understanding market trends, interpreting economic indicators, and using technical analysis tools to make trading decisions along the way. Traders who can do this effectively are better at anticipating price movements and managing risk.

 

[Alex@nder]

It is indeed a vital part. Without market analysis you'll be trading without a direction