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Fundamental or Technical- novice traders should start with?

mlawson71
Apr 01 2018 at 06:14
1487 mensajes
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.

Adribaasmet
Apr 01 2018 at 06:16
925 mensajes
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.

snapdragon1970 (snapdragon1970)
Apr 01 2018 at 13:16
1944 mensajes
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".
Swani
Apr 02 2018 at 05:41
1 mensajes
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?

Nasrul
nasrul_poyo (nasrul_poyo)
Apr 02 2018 at 07:37
124 mensajes
If you trade manually, better to look for both, Fundamental & Technicals.

Cloudballs
Apr 02 2018 at 11:35
12 mensajes
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?

snapdragon1970 (snapdragon1970)
Apr 02 2018 at 12:05
1944 mensajes
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".
AniLorak
Apr 03 2018 at 06:23
920 mensajes
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.

togr (togr)
Apr 03 2018 at 09:49
4862 mensajes
Everyone here is talking about professionals, what they do.
I doubt you know it.

snapdragon1970 (snapdragon1970)
Apr 03 2018 at 18:37
1944 mensajes
Worked in the industry,taught by professionals,just to be clear.

"They mistook leverage with genius".
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