As a fully new traders, I try to analyze the market using trendlines, moving average and some other indicators but don’t know how to have confidence?
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Trend lines and moving averages are a great starting point!
If you can, I highly recommend the Babypips School of Pipsology. Going through that will teach you a lot of tools required to analyse the markets.
On top of that, opening a demo account and just looking at charts and indicators, and trying some trades will help more for your confidence than anything else. But recommended to do that while also going through the course.
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Hmm. I think analyses can be quite subjective so you don’t have to beat yourself up for not always getting it right. But it might help for you to start on demo until you finally get more comfortable with your charts and eventually become more confident in your analyses? Do you have a demo already?
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