The truth about charts & indicators...
Look up at the night sky. Can you show me where the Leo constellation?
This picture should help, I even put a red arrow "Indicator" to show where the leo is and connected the dots.
Now you see it! Now tell me what you see here.
What? you don't see a flying raindeer??
Charts are alot like reading tea leaves.
Now if you give me some money ill show you how to read these tea leaves or show you how to see the raindeer.
Anyone, that claims they can teach you how to make money from reading these charts is probably only making money because people like you are giving them the money.
Thats why I use Kucoin and earn a % of peoples transaction fees. Even if they make bad trades I make money.
its a dog eat dog world
There is alot of truth in this. But no one will ever listen to you, first because of the snarky tone you used in your post, secondly because they don't want to listen.
It is possible to make money trading with technical analysis only, it takes more then following a random strategy on any instrument, but it is possible. But people just want to search a trading setup on Google, follow a line and make money, and they will get mad at you if you come with this truth at them. I know because I tried.
In the end technical analysis is usefull to set up entry and exit points, not to predict anything, that's wishfull thinking.
o thank god i came off Snarky, i was afraid id come off informative.
Its true though, people only hear what they want to.