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More is not always better.
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IoganSteig

Member Since Apr 10, 2017  15 posts Iogan (IoganSteig) Jan 14 at 19:51
A good analyst should be able to use any instrument of technical analysis, but it doesn't mean that all these methods should be used in one time. I spend a lot of time to get some information from news, articles, another analysis and predictions and finally, when it's enough information to build the analysis base, I start working with charts.

TeamNotreDame

Member Since Jun 28, 2019  11 posts TeamNotreDame Jan 15 at 14:51
it is so difficult to pull everything together though. I personally prefer to ONLY look at technical because I find it gives a clearer picture of markets

Mikagul

Member Since Jul 12, 2019  6 posts Mikagul Jan 19 at 13:50
There is no need to rush anywhere in the market at all, it is just not necessary, especially if we are talking about forex, when your deal can be at least half a year in work. It is clear that you always want more and that the result does not keep you waiting. But if you are a normal trader with a clear understanding of your goals and capabilities, then you can cope with it.

Betty_60

Member Since Jan 20, 2020  3 posts Betty_60 Jan 21 at 11:40
Quantity may or may not give you guaranteed results, but the quality of your research can definitely help you have better trades. Focus on conducting a good quality and precise research, with paying attention to what you think are your strong points. don’t follow masses.

ufotech

Member Since Jan 05, 2020  19 posts ufotech (ufotech) Jan 22 at 09:52
There is no need for complicated charts and complex indicators in order to trade profitably.

Just look at the chart and see which direction the market is moving, and place your trade.
Set a stoploss to make sure you don't get margin called or wiped out by a massive news spike or similar event.

Trade small tickets, and then stack additional tickets into your trading basket as each previous one becomes profitable.

If it's a bad trade, close it, it's no big deal.
If it's a good trade, let it run, and stack additional trades into the basket as needed.

When the market turns direction, close your trades, collect your profits. Good job. You made some Pips.

If not, wait for next setup and try again.

Don't over trade, use effective risk management, and never trade more than you are willing to lose to the markets.

If you want to be profitable, make profitable trades.
ufotech

Member Since Jan 05, 2020  19 posts ufotech (ufotech) Jan 22 at 09:58
TeamNotreDame posted:
it is so difficult to pull everything together though. I personally prefer to ONLY look at technical because I find it gives a clearer picture of markets


If you're only looking at the technical data, you're missing a big part of the market data.

Pay attention to Technical Analysis, Fundamental Analysis, and overall market analysis.

Everyone trades differently of course.

If you want to be profitable, make profitable trades.
fancydandy

Member Since Oct 09, 2019  23 posts fancydandy Jan 22 at 10:03
Quality over quantity!

ufotech

Member Since Jan 05, 2020  19 posts ufotech (ufotech) Jan 22 at 11:08
fancydandy posted:
Quality over quantity!



Pick one:

1: Technical analysis only
2: Fundamental analysis and Technical Analysis

Which of these two items will produce a higher quality of data points for analysis?

In my opinion, It is better to operate with a complete view of the market rather than focusing only on technical analysis. Therefore I will pick option 2. In this instance, more IS better.







If you want to be profitable, make profitable trades.
togr

Member Since Feb 22, 2011  4542 posts vontogr (togr) Jan 22 at 11:40
ufotech posted:
fancydandy posted:
Quality over quantity!



Pick one:

1: Technical analysis only
2: Fundamental analysis and Technical Analysis

Which of these two items will produce a higher quality of data points for analysis?

In my opinion, It is better to operate with a complete view of the market rather than focusing only on technical analysis. Therefore I will pick option 2. In this instance, more IS better.


While I like your comment and simplification of trading can you prove it is working as you do not share any account it seems you only have theoretical knowledge and no practise of trading

I like what I trade, I trade what I like
Merrill

Member Since Aug 27, 2019  10 posts Merrill Jan 22 at 12:30
Sometimes too much information can be overwhelming and difficult to reconcile. This creates confusion and hesitation resulting in poor decisions. I would rather have 100% clarity on technical or fundamental than confusion. I am technical all the way

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