Fundamental or Technical- novice traders should start with?
Členem od Apr 18, 2017
920 příspěvků
May 12, 2017 at 04:19
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!
Členem od Dec 11, 2015
1487 příspěvků
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.
Členem od Feb 22, 2011
4862 příspěvků
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.
Členem od Dec 11, 2015
1487 příspěvků
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.
Členem od Dec 06, 2016
33 příspěvků
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/)
Členem od Feb 12, 2016
522 příspěvků
May 15, 2017 at 10:54
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 :)
Členem od May 15, 2017
12 příspěvků
May 15, 2017 at 14:46
You need both really. I use fundamental analysis for direction and then technical set ups to time entries
Členem od Dec 11, 2015
1487 příspěvků
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.
Členem od Sep 12, 2015
1948 příspěvků
May 16, 2017 at 13:45
Both are needed, first fundamental second technical.
"They mistook leverage with genius".
Členem od Apr 18, 2017
38 příspěvků
May 18, 2017 at 12:18
Whatever technical or fundamental it is, novice traders need to start from basic level! But obviously, they should practice both of them! Personally I think, fundamental analysis is much important than technical. So new traders need to spend their more time on news analysis! I started from fundamental technical!
Členem od Dec 11, 2015
1487 příspěvků
Jun 07, 2017 at 11:40
I started first with technical analysis and I can't say I have any complaints. It's a very subjective thing, if you ask me.
Členem od Sep 12, 2015
1948 příspěvků
Jun 07, 2017 at 12:27
Useful for finding entry points and exits,will hold true until some other influences take control.
"They mistook leverage with genius".
Členem od Apr 18, 2017
45 příspěvků
Jun 12, 2017 at 06:02
togr posted:
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.
That’s the real thing! For being a successful Forex trader, novice traders should follow on both kind of market analysis! Yes, they can start with any of them, but gradually have to add another one in their learning session! My learning process was, technical then fundamental then sentimental!
Členem od Dec 11, 2015
1487 příspěvků
Jun 12, 2017 at 10:30
It doesn't take much fundamental analysis to know which events to avoid though - any decent economic calendar will list them for you.
Členem od Feb 22, 2011
4862 příspěvků
Jun 12, 2017 at 12:03
mlawson71 posted:
It doesn't take much fundamental analysis to know which events to avoid though - any decent economic calendar will list them for you.
true
Členem od Apr 18, 2017
920 příspěvků
Jun 25, 2017 at 14:33
snapdragon1970 posted:
Both are needed, first fundamental second technical.
May be yes! But I think, technical analysis is relatively easily than news analysis, so I seem it would be handy if new traders start from basic of technical analysis! Besides, news analysis is a long term process, and there have so many sectors!
forex_trader_439242
Členem od Jun 22, 2017
8 příspěvků
Jun 26, 2017 at 06:20
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!
Both are useful. Here is an example on CAD in the screenshot. My technical analysis suggests a move higher in usdcad this week, so I am long now.
Členem od Sep 12, 2015
1948 příspěvků
Jun 26, 2017 at 11:08
AniLorak posted:snapdragon1970 posted:
Both are needed, first fundamental second technical.
May be yes! But I think, technical analysis is relatively easily than news analysis, so I seem it would be handy if new traders start from basic of technical analysis! Besides, news analysis is a long term process, and there have so many sectors!
News analysis can be daily, weekly etc , you only have to keep up to date with news that effects what your trading, that comes with experience and education.
"They mistook leverage with genius".
Členem od Dec 11, 2015
1487 příspěvků
Jun 26, 2017 at 12:57
snapdragon1970 posted:AniLorak posted:snapdragon1970 posted:
Both are needed, first fundamental second technical.
May be yes! But I think, technical analysis is relatively easily than news analysis, so I seem it would be handy if new traders start from basic of technical analysis! Besides, news analysis is a long term process, and there have so many sectors!
News analysis can be daily, weekly etc , you only have to keep up to date with news that effects what your trading, that comes with experience and education.
I agree. If there's one thing that can be said about Forex trading - and analysis, for that matter - is that it always keeps you on your toes. If it doesn't then it's probably harder to trade.
Členem od Sep 12, 2015
1948 příspěvků
Jun 26, 2017 at 23:45
mlawson71 posted:snapdragon1970 posted:AniLorak posted:snapdragon1970 posted:
Both are needed, first fundamental second technical.
May be yes! But I think, technical analysis is relatively easily than news analysis, so I seem it would be handy if new traders start from basic of technical analysis! Besides, news analysis is a long term process, and there have so many sectors!
News analysis can be daily, weekly etc , you only have to keep up to date with news that effects what your trading, that comes with experience and education.
I agree. If there's one thing that can be said about Forex trading - and analysis, for that matter - is that it always keeps you on your toes. If it doesn't then it's probably harder to trade.
Good comment 'on your toes'.
"They mistook leverage with genius".
