Fundamental or Technical- novice traders should start with?
No doubt, there have so many successful Forex traders in this forum! So traders, what’s your opinion on this issue? What is the 1st step for newcomers? Technical or Fundamental? Yes, I know both are important, but now I am interested to know your opinion on this issue! Please share your opinion here!
mlawson71
Member Since Dec 11, 2015
1487 posts
May 12 2017 at 13:31
I think that initially it's good to read up the basics of both and then decide which one fits you better.
vontogr
(togr)
Member Since Feb 22, 2011
4852 posts
May 12 2017 at 13:57
You cannot separate technical and fundamental analysis.
I suggest to focus on technical and use at least a bit of fundamental to avoid major economic news and counter trend trading.
I suggest to focus on technical and use at least a bit of fundamental to avoid major economic news and counter trend trading.
mlawson71
Member Since Dec 11, 2015
1487 posts
May 13 2017 at 12:01
Good point. One can focus one of these but that doesn't mean they should - or can, for that matter - totally ignore the other.
alfredgervais16
Member Since Dec 06, 2016
33 posts
May 15 2017 at 10:07
AniLorak posted:
No doubt, there have so many successful Forex traders in this forum! So traders, what’s your opinion on this issue? What is the 1st step for newcomers? Technical or Fundamental? Yes, I know both are important, but now I am interested to know your opinion on this issue! Please share your opinion here!
you need the two philosophies to make better trades. first, you must understand the basics. these are good articles to start to.
technical analysis (https://www.fm-fx.today/technical-analysis/)
fundamental analysis (https://www.fmfxreviews.com/fundamental-analysis/)
Easier part is the technical analysis, but in fact the fundament (economic data, news, etc.) creates the trading environment.
bottom line: in both are important, but fundamental trading is a bit more difficult :)
bottom line: in both are important, but fundamental trading is a bit more difficult :)
MadBadDangerous
Member Since May 15, 2017
9 posts
May 15 2017 at 14:46
You need both really. I use fundamental analysis for direction and then technical set ups to time entries
mlawson71
Member Since Dec 11, 2015
1487 posts
May 16 2017 at 12:14
MadBadDangerous posted:
You need both really. I use fundamental analysis for direction and then technical set ups to time entries
What books did you read to educate yourself about fundamental analysis? I admit I only know the basics.
kieran
(snapdragon1970)
Member Since Sep 12, 2015
1943 posts
May 16 2017 at 13:45
Both are needed, first fundamental second technical.
"They mistook leverage with genius".