Lesson Eleven: Types of Candles!
* There are different types and models of these candles, which are explained in detail in the training course. As a simple example, one can open the Google search engine and look for Japanese candle patterns. The movement of these candles can be observed in various ways, such as using a specific time frame. For example, if the time frame is four hours, then each candle represents price movement for that duration. This time frame can be changed to be shorter or longer as needed. Each trading platform has its unique characteristics or longer as needed. Each trading platform has its unique characteristics, indicators, charts, and alerts, but there is a considerable similarity among most of them...
* Certainly, candles alone are not enough to make buying and selling decisions in cryptocurrency markets. This is where technical analysis comes in to assist in making these decisions...
* Technical analysis is a study of past price trends and how they were traded with the aim of predicting future direction. This analysis relies on forecasts, as the trader studies past price movements to attempt to predict new movements...
* Technical analysis is not easy, and not everyone can accurately predict it. Continuous study, focus, and practice are necessary; mistakes will certainly happen at first. However, technical analysis is an art and not a science, and the foundation of mastering it lies in continuous practice...
* It is important to keep in mind that your analysis is not necessarily always correct, and what you do is merely an attempt to read the future based on past data. It is also natural for each analyst to have a different perspective based on the data they see, so one must accept that the success of technical analysis, even in the best cases, may not exceed 70-80%. With practice and mastery, you will be able to read prices better and deal with their fluctuations more smoothly...
* Consider learning as an attempt to learn drawing. Initially, you may face difficulties, but with practice, your skills improve. Abilities vary from person to person, and some people may learn faster than others. The difference is only in timing; if you are determined to learn, you will be able to do it for sure.
