If "Technical analysis" really works then why does not everyone become rich by taking a course ?

Technical analysis works to an extent there is no doubt about that but it is not the only thing that a person needs to know in order to make money in the Market.

Below are the few pointers which i would like to share :

• Understanding "Fundamental analysis" is also important.
• It takes "Time, Learning, Knowledge, Experience, Patience, Persistence and Discipline" for a person to make money.
• People focus more on "Day trading" rather than "Investment" or "Swing Trading.
• Most people ignore the broad market sentiment or don’t try to understand it.
• "Risk management and Position sizing" are an integral part of every strategy that anyone intends to imply while "Investing" or "Trading".
• Most courses teach "Technical analysis" the wrong way.
• Most people rely only on silly indicators.
• Many people are not aware of Institutional activity.
• Many people are not aware of "Stop-loss hunting" by "Operators" & "Market makers".
• Almost no course focuses on "Financial planning". 

• Overcoming our "Behavior biases" is also as important as any analysis and one should not make investment or trading decisions under the influence of emotions like “Greed & Fear”.

I like to focus on “Fundamental analysis, Technical analysis, Cardinal rules of Investing, Cardinal rules of trading, Financial planning, Behavior finance biases, Controlling my emotions, Market outlook based on data points, Going through my fundamental or technical scanner, Risk management & Position sizing”.

There will always be a few things that "Market experts or Educators" won't ever tell you in order to keep their shop running.

All the things mentioned above are a part of "Making money" in the "Market" and yet most people don’t understand it.

To connect with us for "Free", you can checkout the links below :

Telegram : Logical Investor

Whatsapp : +91 8527767668

Quora : Trade & Invest

 

Regards !!