Fundamental or Technical- novice traders should start with?
Biedrs kopš
920 ieraksti
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!
Biedrs kopš
1487 ieraksti
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.
Biedrs kopš
4862 ieraksti
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 suggest to focus on technical and use at least a bit of fundamental to avoid major economic news and counter trend trading.
Biedrs kopš
1487 ieraksti
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.
Biedrs kopš
33 ieraksti
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/)
Biedrs kopš
522 ieraksti
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 :)
bottom line: in both are important, but fundamental trading is a bit more difficult :)
Biedrs kopš
12 ieraksti
May 15, 2017 at 14:46
You need both really. I use fundamental analysis for direction and then technical set ups to time entries
Biedrs kopš
1487 ieraksti
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.
Biedrs kopš
1948 ieraksti
May 16, 2017 at 13:45
Both are needed, first fundamental second technical.
"They mistook leverage with genius".
Biedrs kopš
38 ieraksti
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!
Biedrs kopš
1487 ieraksti
Jun 07, 2017 at 11:40
I started first with technical analysis and I can't say I have any complaints. It's a very subjective thing, if you ask me.
Biedrs kopš
1948 ieraksti
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".
Biedrs kopš
45 ieraksti
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!
Biedrs kopš
1487 ieraksti
Jun 12, 2017 at 10:30
It doesn't take much fundamental analysis to know which events to avoid though - any decent economic calendar will list them for you.
Biedrs kopš
4862 ieraksti
Jun 12, 2017 at 12:03
mlawson71 posted:
It doesn't take much fundamental analysis to know which events to avoid though - any decent economic calendar will list them for you.
true
Biedrs kopš
920 ieraksti
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
Biedrs kopš
8 ieraksti
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.
Biedrs kopš
1948 ieraksti
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".
Biedrs kopš
1487 ieraksti
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.
Biedrs kopš
1948 ieraksti
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".
