Day Trading Techniques/Strateges-Beginners Guide.

KAnthony posted:
hi all. i'm newbie and i have lot questions.
what difference between fundamental and technical analysis? what should i choose? because i heard fundamental analysis isn't for newbies. is it true?
also what indicators is convinient for newbies? what do you guys use?

Hi there! As a newbie, I advise you first learn about the forex market before you start trading. Fundamental analysis means analysing news relating to social, economic, and political fields that can directly or indirectly affect the price movements of the currency pairs. On the other hand, technical analysis means observing a wide range of historical price chart actions. When doing this, you will find common trends in price actions of the same or more currency pairs at certain specific conditions (like time, day or price). Compare this observation of historical price data to the present price chart patterns. This will help you predict the price movements.

For some traders technical analysis is easier than fundamental analysis and vice versa. But you shouldn’t completely rely on only one type of analysis, use both, irrespective of being a beginner or an experienced trader. Once you have learned everything about the forex market, practise in a demo account. You will have all your doubts cleared.