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Fundamental or Technical- novice traders should start with?

mlawson71
Jun 07 2017 at 11:40
1487 mensajes
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.

snapdragon1970 (snapdragon1970)
Jun 07 2017 at 12:27
1944 mensajes
Useful for finding entry points and exits,will hold true until some other influences take control.

"They mistook leverage with genius".
MeuLugar
Jun 12 2017 at 06:02
45 mensajes
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!

mlawson71
Jun 12 2017 at 10:30
1487 mensajes
It doesn't take much fundamental analysis to know which events to avoid though - any decent economic calendar will list them for you.

togr (togr)
Jun 12 2017 at 12:03
4862 mensajes
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

AniLorak
Jun 25 2017 at 14:33
920 mensajes
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!

Russ
Always (Always)
Jun 26 2017 at 06:20
8 mensajes
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.

Adjuntos


snapdragon1970 (snapdragon1970)
Jun 26 2017 at 11:08
1944 mensajes
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".
mlawson71
Jun 26 2017 at 12:57
1487 mensajes
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.

snapdragon1970 (snapdragon1970)
Jun 26 2017 at 23:45
1944 mensajes
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".
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