If you want to earn money from trading then it is very important to understand trading psychology because many times such chart patterns are formed where it becomes very important to know the mindset of people.
As Warren Buffett said, Be greedy when the market is fearful, and be fearful when the market is greedy. Similarly, it is very important to understand many psychology of trading, only then you can become a successful trader.
Many times people buy shares but due to greed they do not bulgaria phone number data sell them despite making profits. As a result, the share falls much below the purchase price and has to be sold at a loss. Therefore, it is important to follow the rules and also to control your mind and it is very important to have an understanding of trading psychology.
# 3. Learn to do technical analysis
It is true that whether you are trading in the stock market, commodity market, or forex market, technical analysis is required. If you understand technical analysis, you can make a lot of money from trading.
Technical analysis means doing a technical study of a chart. To understand any chart, you must have knowledge of technical analysis. This helps you to understand the price patterns of the market through the chart pattern, moving averages, indicators and candlesticks.
After learning technical analysis, you can easily make money from online trading. It is a powerful and effective tool that helps you understand market movements and make profits from it.