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Fundamental or Technical- novice traders should start with?
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AniLorak

Biedrs kopš Apr 18, 2017  271 ieraksti AniLorak 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!

mlawson71

Biedrs kopš Dec 11, 2015  1486 ieraksti mlawson71 May 12 2017 at 13:31
I think that initially it's good to read up the basics of both and then decide which one fits you better.

togr

Biedrs kopš Feb 22, 2011  3703 ieraksti vontogr (togr) May 12 2017 at 13:57
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.

I like what I trade, I trade what I like
mlawson71

Biedrs kopš Dec 11, 2015  1486 ieraksti mlawson71 May 13 2017 at 12:01
Good point. One can focus one of these but that doesn't mean they should - or can, for that matter - totally ignore the other.

alfredgervais16

Biedrs kopš Dec 06, 2016  33 ieraksti alfredgervais16 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 (https://www.fm-fx.today/technical-analysis/)
fundamental analysis (https://www.fmfxreviews.com/fundamental-analysis/)

BaldoN

Biedrs kopš Feb 12, 2016  487 ieraksti Baldo (BaldoN) May 15 2017 at 10:54
Easier part is the technical analysis, but in fact the fundament (economic data, news, etc.) creates the trading environment.
bottom line: in both are important, but fundamental trading is a bit more difficult :)

MadBadDangerous

Biedrs kopš May 15, 2017  9 ieraksti MadBadDangerous May 15 2017 at 14:46
You need both really. I use fundamental analysis for direction and then technical set ups to time entries

mlawson71

Biedrs kopš Dec 11, 2015  1486 ieraksti mlawson71 May 16 2017 at 12:14
MadBadDangerous posted:
You need both really. I use fundamental analysis for direction and then technical set ups to time entries


What books did you read to educate yourself about fundamental analysis? I admit I only know the basics.

snapdragon1970

Biedrs kopš Sep 12, 2015  1809 ieraksti kieran (snapdragon1970) May 16 2017 at 13:45
Both are needed, first fundamental second technical.

"Mistakes are the portals of discovery",James Joyce.
ChenLipKeong

Biedrs kopš Apr 18, 2017  38 ieraksti ChenLipKeong 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!

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