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Fundamental or Technical- novice traders should start with?
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!
會員從Dec 06, 2016開始
33帖子
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 (http://www.fm-fx.today/technical-analysis/)
fundamental analysis (http://www.fmfxreviews.com/fundamental-analysis/)
會員從May 15, 2017開始
12帖子
May 15, 2017 at 14:46
You need both really. I use fundamental analysis for direction and then technical set ups to time entries
會員從Sep 12, 2015開始
1933帖子
May 16, 2017 at 13:45
Both are needed, first fundamental second technical.
"They mistook leverage with genius".
會員從Apr 18, 2017開始
34帖子
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!
會員從Sep 12, 2015開始
1933帖子
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".
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!
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
會員從Jun 22, 2017開始
8帖子
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.
會員從Sep 12, 2015開始
1933帖子
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".
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.
會員從Sep 12, 2015開始
1933帖子
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".
