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Fundamental or Technical- novice traders should start with?

May 12, 2017 at 04:19
2,583 Views
71 Replies
Member Since Jan 05, 2016   1189 posts
Jun 27, 2017 at 05:30
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!

My opinion is that both should be studied.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
Member Since Apr 18, 2017   920 posts
Jun 27, 2017 at 07:02
Professional4X posted:
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!

My opinion is that both should be studied.



You are correct! Thanks for your contribution!
Member Since Feb 12, 2016   522 posts
Jun 28, 2017 at 11:42
Would be great first to understand what is market and what is driven the market. Basically, the fundament is the driving force, but it is very easy to mess all :)
Member Since Mar 20, 2017   16 posts
Jun 29, 2017 at 13:45
You need to undersatand the fundamentals before you start with technicals
Member Since Oct 08, 2016   58 posts
Jul 19, 2017 at 16:15
I think a new trader should study very well about both analysis, because he or she will need for his or her own good at any stage of new trader trading life. A trader should use both of these analysis if they want to flourish in this investment business which is world’s largest one. A wise trader should not skip one of those.
To change your trading result, just change your thinking.
Member Since Dec 11, 2015   1487 posts
Jul 23, 2017 at 12:31
PriceAction13 posted:
I think a new trader should study very well about both analysis, because he or she will need for his or her own good at any stage of new trader trading life. A trader should use both of these analysis if they want to flourish in this investment business which is world’s largest one. A wise trader should not skip one of those.

I agree. What analysis did you focus on when you begant rading? Do you remember?
Member Since Apr 18, 2017   718 posts
Jan 20, 2018 at 14:18
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!

All of professional Forex traders are using both kind of market analysis! But, you don’t need to start with both of them; technical analysis is relatively easy! So; you can start with this one; then gradually you have to improve your trading skill on the fundamental analysis.
Member Since Dec 11, 2015   1487 posts
Jan 20, 2018 at 15:28
AmDiab posted:
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!

All of professional Forex traders are using both kind of market analysis! But, you don’t need to start with both of them; technical analysis is relatively easy! So; you can start with this one; then gradually you have to improve your trading skill on the fundamental analysis.

Most people do begin with technical analysis. However, it's not a good idea to put off learning the basics of fundamental analysis for too long, so as to be able to avoid certain events at the very least.
Member Since Apr 18, 2017   920 posts
Mar 30, 2018 at 19:33
mlawson71 posted:
AmDiab posted:
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!

All of professional Forex traders are using both kind of market analysis! But, you don’t need to start with both of them; technical analysis is relatively easy! So; you can start with this one; then gradually you have to improve your trading skill on the fundamental analysis.

Most people do begin with technical analysis. However, it's not a good idea to put off learning the basics of fundamental analysis for too long, so as to be able to avoid certain events at the very least.

I have never seen any successful trader with only technical; they are always with a combo trading skill by technical & the fundamental.
Member Since Sep 12, 2015   1948 posts
Mar 30, 2018 at 19:49
Most professionals start with fundamental to see opportunity in the market then look at technical's, 80/20 is common amount.
"They mistook leverage with genius".
Member Since Dec 11, 2015   1487 posts
Apr 01, 2018 at 06:14
AniLorak posted:
mlawson71 posted:
AmDiab posted:
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!

All of professional Forex traders are using both kind of market analysis! But, you don’t need to start with both of them; technical analysis is relatively easy! So; you can start with this one; then gradually you have to improve your trading skill on the fundamental analysis.

Most people do begin with technical analysis. However, it's not a good idea to put off learning the basics of fundamental analysis for too long, so as to be able to avoid certain events at the very least.

I have never seen any successful trader with only technical; they are always with a combo trading skill by technical & the fundamental.

One certainly needs an understanding of both in order to be successful. You can't rely entirely on technical analysis.
Member Since Aug 27, 2017   994 posts
Apr 01, 2018 at 06:16
snapdragon1970 posted:
Most professionals start with fundamental to see opportunity in the market then look at technical's, 80/20 is common amount.

What is 80/20 common amount? I am really interested to know this statistic from you.
Member Since Sep 12, 2015   1948 posts
Apr 01, 2018 at 13:16
80% fundamental,20% technical this is what professional hedge funds use,price needs a reason to move, very little to do with technical's ,confirmation and entry point come a second.
"They mistook leverage with genius".
Member Since May 05, 2016   1 posts
Apr 02, 2018 at 05:41
Defo agree... fundamental 80% 20% technicals.
Do you to learn how to drive the car or do you learn how the car works under the hood?
Swanifx
nasrul_poyo
forex_trader_458816
Member Since Sep 11, 2017   124 posts
Apr 02, 2018 at 07:37
If you trade manually, better to look for both, Fundamental & Technicals.
Member Since Apr 02, 2018   12 posts
Apr 02, 2018 at 11:35
snapdragon1970 posted:
80% fundamental,20% technical this is what professional hedge funds use,price needs a reason to move, very little to do with technical's ,confirmation and entry point come a second.

Wow, is that really true? I have been 100% technical and have ignored fundamental until now. What about short term trading? Still need fundamental for that?
Member Since Sep 12, 2015   1948 posts
Apr 02, 2018 at 12:05
Cloudballs posted:
snapdragon1970 posted:
80% fundamental,20% technical this is what professional hedge funds use,price needs a reason to move, very little to do with technical's ,confirmation and entry point come a second.

Wow, is that really true? I have been 100% technical and have ignored fundamental until now. What about short term trading? Still need fundamental for that?

Professionals don't stare at the screen all day long looking for a technical setup,why should you,just not the way the market works, As Traders we need something to push the price around otherwise its mostly noise intraday especially on the majors, If your scalping on 1 min time frames not much need for fundamentals:)
 
"They mistook leverage with genius".
Member Since Apr 18, 2017   920 posts
Apr 03, 2018 at 06:23
Cloudballs posted:
snapdragon1970 posted:
80% fundamental,20% technical this is what professional hedge funds use,price needs a reason to move, very little to do with technical's ,confirmation and entry point come a second.

Wow, is that really true? I have been 100% technical and have ignored fundamental until now. What about short term trading? Still need fundamental for that?

Don’t ignore the fundamental; it’s the key here! I am sure, you’ll get more profits if you add the news analysis in your list.
Member Since Feb 22, 2011   4862 posts
Apr 03, 2018 at 09:49
Everyone here is talking about professionals, what they do.
I doubt you know it.
Member Since Sep 12, 2015   1948 posts
Apr 03, 2018 at 18:37
Worked in the industry,taught by professionals,just to be clear.
"They mistook leverage with genius".
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