Greetings to all readers of this great platform, for many people the world of trading is considered as something dangerous where you can lose your money, for others the reality is very different, because taking the right decisions you can multiply your capital, now well, to make these decisions is necessary to study the market and the use of technical indicators to help you make the best decision according to the strategy you apply for trading.
Screenshot taken at: PixaBay
Many of the readers who are not familiar with trading, will wonder what are technical indicators, they can be considered as mathematical or statistical formulas that help us to determine with expressions the trend of a market, ie where the market price is heading and possible changes in market trends, either from a bull market (when the asset gains value in the market) to a bear market (when the currency loses value in the market).
By being able to prevent these trend changes, or rather to have clear knowledge about what is happening in the market, it is possible to make good decisions that lead us to generate money, these decisions manage to increase our capital, so we can generate more investments and get more profits, being the perfect market to multiply our resources, is it easy? No, it is not, it is a world that requires enough time and studies to generate profits.
Screenshot taken at: RobiniaSwap
Now, to use the technical indicators the process is simple, as reflected in the image above, in this particular case I use Binance, entering the menu at the top where it says "Technical Indicators" where a menu will be displayed with a series of mathematical and statistical indicators, which help us to make decisions as I mentioned at the beginning.It is there where we must select the ones we want to use, according to our knowledge and strategy that we have developed for trading, and there are a lot of possibilities to do so, which is why we must study this market thoroughly and understand it as best as possible before making any investment that can generate some economic loss.
In spite of what many people think about trading, that it is dangerous and that it only makes you lose money, those of us who are already in it know that this is false, and that it happens to people who do not use their time to understand the market, by investing time, knowledge and a little resources we can generate great profits in the market, which leads us to the constant increase of our capital and the search of the financial freedom that we long for, thank you for reading my article.