This topic is for people who prefer trading by the fundamentals and care to share trading ideas, experiences, etc....
If you think that trading solely following technicals is nonsense then this is your place to discuss anything.
Please don`t come arguing for the technical approach, it`s not the topic for that, I know it has it`s value, but not on its own. The value of a country`s currency will never really change just because this MA crossed that other MA or because it reached this or that fib level or whatever. When the price really moves, it always has it`s fundamental reason.
I see most people here are all about robots and technical strategies, but i just don`t think that professional traders using those to make money. that is mostly for the losing 90%, no surprise it`s advertised everywhere.
So if you`re trying to follow the fundamental approach, please come in and share whatever you like.
If you think that trading solely following technicals is nonsense then this is your place to discuss anything.
Please don`t come arguing for the technical approach, it`s not the topic for that, I know it has it`s value, but not on its own. The value of a country`s currency will never really change just because this MA crossed that other MA or because it reached this or that fib level or whatever. When the price really moves, it always has it`s fundamental reason.
I see most people here are all about robots and technical strategies, but i just don`t think that professional traders using those to make money. that is mostly for the losing 90%, no surprise it`s advertised everywhere.
So if you`re trying to follow the fundamental approach, please come in and share whatever you like.
Interested; wanna know more from you! good attempt mate.
Anayallador
Member Since May 10, 2019
27 posts
May 13 2019 at 14:00
I think that way as well, some person in my town was all about crypto currencies or such, but I just do not get it. I went to office he reccomends to me and all they did is just work around some robot which will help to increase currency value, they just closed like 1 month ago LOL
Adribaasmet
Member Since Aug 27, 2017
994 posts
May 31 2019 at 20:32
Anayallador posted:
I think that way as well, some person in my town was all about crypto currencies or such, but I just do not get it. I went to office he reccomends to me and all they did is just work around some robot which will help to increase currency value, they just closed like 1 month ago LOL
That’s the ultimate result with robot based trading; till now I prefer manual trading! because, it looks realistic!
Adribaasmet posted:Anayallador posted:
I think that way as well, some person in my town was all about crypto currencies or such, but I just do not get it. I went to office he reccomends to me and all they did is just work around some robot which will help to increase currency value, they just closed like 1 month ago LOL
That’s the ultimate result with robot based trading; till now I prefer manual trading! because, it looks realistic!
Agree with you; depending on own trading skill is the key! New traders shouldn’t buy any EA or 3rd party based trading system!
ElliotCooke
Member Since Jul 20, 2020
341 posts
Dec 10 2020 at 18:09
Knowledge about Fundamental analysis is very important to make money from this market. You can not survive in this market without proper knowledge and skills.
Ainsley524
Member Since Nov 17, 2020
19 posts
Dec 23 2020 at 05:23
The fundamental analysis is also an important part of trading and it does go very well with the technical one. I don’t think I can do without knowing the fundamentals in forex.
Elena Triston
(ele020)
Member Since Apr 15, 2020
219 posts
Dec 23 2020 at 10:54
According to my point of view fundamental analysis is also important like technical analysis. It is a way of looking at the forex market by analyzing economic, social, and political forces that may affect currency prices. Without fundamental analysis it’s hard to analyze market sentiments.
The more your practice, the more you learn.
Kylealker87
Member Since Nov 11, 2020
34 posts
Jan 06 2021 at 07:09
You are right. There should be a combination of both the fundamental as well as the technical analysis for successful trading.
LyudmilLukanov
Member Since Jul 23, 2020
869 posts
May 29 2021 at 13:34
Fundamental is as important as technical analysis. But traders often neglect this one.
LyudmilLukanov posted:Yes. Both are important to make money from this makret.
Fundamental is as important as technical analysis. But traders often neglect this one.
Fundamental analysis is important but not 100% required. It needs a lot of study to understand fundamental of a currency. If you are very good at technical analysis, you do not need fundamental much.
I trade with technical analysis. But I try to trade by following the fundamental news. If combine the two things, the profit percentage is much better.
Yes, fundamental analysis is also important for trading. You can not make sure that only with technical analysis you will make profit, as if there is any event release the market becomes much volatile and your technical analysis won’t work at that time.
eddieteddie
Member Since May 31, 2021
13 posts
Jun 01 2021 at 09:25
I prefer using a combination of Fundamental Analysis and Technical Analysis. On the fundamental front, I give a lot of importance to economic data of G7 nations and China and when it comes to identifying trends and making entry/exit decisions, Technical Analysis is the tool that I refer to.
Chelsea Blacks
(blackChelsea)
Member Since Jan 22, 2021
125 posts
Jun 02 2021 at 09:45
I think, we should see both factors fundamentals and technical if you are swing trader.
Those who know how to combine 2 two always have more advantages and a greater likelihood of a good income
Both fundamental and technical analysis are important. If you want to trade purely based on technical, you need to avoid trade around big news events.