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Fundamental or Technical- novice traders should start with?
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mlawson71

Biedrs kopš Dec 11, 2015  1486 ieraksti mlawson71 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.

snapdragon1970

Biedrs kopš Sep 12, 2015  1810 ieraksti kieran (snapdragon1970) Jun 07 2017 at 12:27
Useful for finding entry points and exits,will hold true until some other influences take control.

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

Biedrs kopš Apr 18, 2017  45 ieraksti MeuLugar 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!

mlawson71

Biedrs kopš Dec 11, 2015  1486 ieraksti mlawson71 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.

togr

Biedrs kopš Feb 22, 2011  3710 ieraksti vontogr (togr) 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

I like what I trade, I trade what I like
AniLorak

Biedrs kopš Apr 18, 2017  271 ieraksti AniLorak 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!

Always

Biedrs kopš Jun 22, 2017  8 ieraksti Russ (Always) 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.
Pielikumi:

snapdragon1970

Biedrs kopš Sep 12, 2015  1810 ieraksti kieran (snapdragon1970) 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.

"Mistakes are the portals of discovery",James Joyce.
mlawson71

Biedrs kopš Dec 11, 2015  1486 ieraksti mlawson71 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.

snapdragon1970

Biedrs kopš Sep 12, 2015  1810 ieraksti kieran (snapdragon1970) 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'.

"Mistakes are the portals of discovery",James Joyce.
Iepriekšējās 1 2 3 4 5 Nākamais
Corporate Service Price (YoY) (15h 5min)
The Wall Street Journal: U.S. to allow a...(13h 42min ago)
EURUSD 1.16512 GBPUSD 1.33004
USDJPY 109.445 USDCAD 1.29809

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