Fundamental or Technical- novice traders should start with?

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!

My opinion is that both should be studied.

Professional4X 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!

My opinion is that both should be studied.

You are correct! Thanks for your contribution!

Would be great first to understand what is market and what is driven the market. Basically, the fundament is the driving force, but it is very easy to mess all :)

You need to undersatand the fundamentals before you start with technicals

I think a new trader should study very well about both analysis, because he or she will need for his or her own good at any stage of new trader trading life. A trader should use both of these analysis if they want to flourish in this investment business which is world’s largest one. A wise trader should not skip one of those.

PriceAction13 posted:
I think a new trader should study very well about both analysis, because he or she will need for his or her own good at any stage of new trader trading life. A trader should use both of these analysis if they want to flourish in this investment business which is world’s largest one. A wise trader should not skip one of those.

I agree. What analysis did you focus on when you begant rading? Do you remember?

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.

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.

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.

Most professionals start with fundamental to see opportunity in the market then look at technical's, 80/20 is common amount.

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.

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.

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.

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?

If you trade manually, better to look for both, Fundamental & Technicals.

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?

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:)
 

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.

Everyone here is talking about professionals, what they do.
I doubt you know it.