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Fundamental analysis vs technical analysis
Ellyott9029

Member Since May 27, 2020  1 posts Ellyott9029 May 27 at 14:53


   personally i prefer to trade using technical analysis using the 4 hours and daily timeframe to trade.
but from my understanding news are coming in everyday and important news event may change and affect the direction of a particular trend.

i would like to know how do you know that a trade will be heavily influence by news ahead of time without or not?

how would you know you should follow technical analysis or fundamental analysis? for instance if fundamental news is saying currency is going bullish but technical analysis indicates bearish. how would you know which direction market is likely to go?

and more importantly how to read market sentiment? alot of people kept on saying to go aginst the market sentiment.. i still dont get how that works.

KindSteve

Member Since Mar 20, 2020  5 posts KindSteve May 28 at 07:55
Hey man, if there isn't any big news or announcements, TA would be better for your trades. SO the point is you shall 'notice' about big news as support but practice TA for your trades

Tuxedo888

Member Since Mar 24, 2020  11 posts Tuxedo888 May 28 at 10:06


 Hi Ellyott9029

If you are trading the 4 Hour and daily charts and you have a strategy/edge which has been back tested and produces wins and losses in your favor, your money management and stops are in place ,mixing fundamental news in to your trades NOW is not a good recipe.



Not Specified
Kazile

Member Since Apr 25, 2020  44 posts Kazile May 29 at 08:32
Many people really argue which analysis is better, but I'm more technical.

Tuxedo888

Member Since Mar 24, 2020  11 posts Tuxedo888 May 29 at 20:06
TA is clear,

Clean,

Pure,

Clinical,

Your in, or your out



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Wildbill

Member Since Aug 12, 2015  33 posts Wildbill May 29 at 23:05
/the best system to use is one that trades with Price Action. Technical analysis is always about the past and the info you get will be behind the move of the market. Fundamental analysis is more for economists who take the long view or traders who trade off current events and announcements.

Price Action trading takes some of its style from technical analysis and some from other information in order to predict the future moves of the market. There are plenty of articles explaining the difference if you google it. Don't take my word for it.

Thetalak

Member Since Jan 02, 2020  5 posts Thetalak May 30 at 15:00
I think you have to choose what's best for you, and that's the most important thing.
But I think technical analysis is a little easier than fundamental analysis.

Dorigda

Member Since Apr 15, 2020  40 posts Dorigda Jun 07 at 05:33
Both methods are equally indicators of market conditions and complement each other.

Stonesong

Member Since May 13, 2020  40 posts Stonesong Jun 13 at 15:51
I give preference to technical analysis for the reason that somehow I immediately started working with it, and it is much easier for me.

PROFITINGSYSTEMS

Member Since Jun 04, 2020  48 posts ProfitingSystems (PROFITINGSYSTEMS) Jun 13 at 19:11
Technical Analyses has been my God of all trades, but if there is big Fundamental News coming out, I stay out of doing Technical Trading before it, as News do useless Technical Trading, I continue Technical one hour or less after News, and it's been the best.

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