A Technical Analysis or Fundamental Analysis: Which Should a Newbie Learn First?
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Fundamental analysis focuses on financial statements and economic indicators to assess an asset's intrinsic value, making it more suitable for long-term investment decisions. Alternatively, technical analysis examines share price movements and trends to identify investment opportunities.
Fundamental analysis is most useful for long term investments, while technical analysis is more useful for short term trading and market timing. Both can also be combined to plan and execute investments over the medium and long term.
Now this is the point, as a newbie i would suggest you learn Technical Analysis first. Know this four elements: Trends, Patterns, Indicators, and Entry Signals. Trends are arguably the foundation of Technical Analysis. You can subscribe to Tradingview for insights about this and watch relevant YouTube videos 📷 as well.
Reading good books such as Technical Analysis of the Financial Markets, Technical Analysis Explained, Market Wizards, and Technical Analysis from A to Z etc. Reading articles and blogs on the Internet. Make it a point to follow experienced influencers for tips on the shortest route to the peak of the ladder.
Follow me For Tips on How to Navigate the crypto Market. I appreciate your little tip as well. WAGMi 🚀
In the fast-paced world of cryptocurrency, anticipating the next bull run is like catching a wave – timing is everything.
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As of May 20, 2023, Binance Coin (BNB) is the fifth-largest cryptocurrency by market capitalization, with a value of over $30 billion.
There are a number of factors that have contributed to BNB's surge in popularity. First, Binance is one of the most popular cryptocurrency exchanges in the world. The exchange has over 10 million users and processes billions of dollars in transactions each month.
Second, BNB is increasingly being used to pay for fees on the Binance exchange. In January, Binance announced that it would be reducing trading fees for users who pay with BNB.
Third, BNB is being used to power a number of new projects on the Binance Smart Chain. The Binance Smart Chain is a decentralized blockchain that is compatible with the Ethereum Virtual Machine. #Binance #dyor #adekunle #crypto2023 #BNB #wagmi