Many mistakes are made in the analysis part of the investment world. And for an investor, the toughest part is the stage of analysis. Your lack of information is immediately apparent in the analysis, and it is necessary to close this gap. Keep in mind that thanks to technical and fundamental analysis, you are realizing your investment at the right time. For this reason, develop your knowledge about the analysis.
As you increase your level of knowledge about the analyzes, your mistakes will be partially reduced. In order to fully decline, you need to fully understand a good experiment and investment logic. You must understand investment logic; Because then you will only understand what the results from the analysis will do for you. So in the financial markets where you aim to make money by evaluating your savings, you have to have information from A to Z in almost every aspect, you have to conceptualize transactions, develop strategies for your own transactions and have a good experience.
Now I want to talk about the common mistakes made in technical analysis so that you can get more effective results:
Do not accept the mistake
In the first place I wanted to talk about this topic; Because investors are generally a mistake. You have to admit that the analysis you’re doing might be wrong. Accepting life means creating an opportunity to learn. Any small point you miss from the eye will cause you to get incorrect results from the analysis. This is also the difference between experienced and inexperienced investors. Experienced investors are investors who have accepted their mistakes and have improved themselves by taking lessons.
If you do not see, investigate, or care about your mistake, you do not know why you lost it and you are looking for a scapegoat. In general, the people who detract from the markets are those who are lost because of their ignorance. When you get a negative result for this reason, look for your mistakes, re-learn, and resolve your lack of knowledge.
Basic Analysis I do not care
We divide the analyzes into two, technical and basic. Some investors choose to invest in a single analytical product and only use this analysis in their operations. However, a known fact is; The use of two analytical lines and the interpretation of the results obtained in the last phase together. If you are trading according to technical analysis, you have to be informed about the announced data when you are in the market. On this page you will get more technical data, a more robust basis, and you will increase the accuracy of the result.
Key analyzes include the economic data disclosed, important discussions made, international agreements, crises, natural disasters, central banks. All these factors should help you understand why an investment vehicle’s price goes up or down. It provides you with the information you have obtained as a result of technical analysis. For this reason, also learn about the two types of analysis and learn to interpret the results together.
Mixing Emotions with Work
In general, in your investments, you need to curb your feelings. You must act emotionally and the investment you make must be based on sound foundations. Apart from the result you obtained after the technical analysis, you will not be emotional approaching the marketplace, causing you to encounter loss. Especially with a temporary decline after the purchase, you will be led to think that things are not going well and then you will regret it later. You need to be sure of the analysis you are doing in these situations and expect to panic
Too Many Indicators
Inexperienced investors often use too many indicators in their charts and think that they will get better results. However, too many indicators will cause you to make mistakes and will prevent you from reading the graph correctly. When you use too many indicators, you will not be able to read the signals correctly and you will get wrong signals. You need to use a second indicator that supports one or the other on the graph. You can decide which indicators to use during the demo account earning experience.
One of the common mistakes is to be afraid to miss the move and enter the market. Rushing will cause you to lose your investments and why you can not understand why. You need to calmly analyze and get your data and make the necessary comments before taking the position. Do not hurry and remember Richard Branson’s words; “Opportunities are like a bus, someone else will definitely come when you run away.”