May 27 2020 at 14:53
personally i prefer to trade using technical analysis using the 4 hours and daily timeframe to trade.
but from my understanding news are coming in everyday and important news event may change and affect the direction of a particular trend.
i would like to know how do you know that a trade will be heavily influence by news ahead of time without or not?
how would you know you should follow technical analysis or fundamental analysis? for instance if fundamental news is saying currency is going bullish but technical analysis indicates bearish. how would you know which direction market is likely to go?
and more importantly how to read market sentiment? alot of people kept on saying to go aginst the market sentiment.. i still dont get how that works.
May 28 2020 at 07:55
Hey man, if there isn't any big news or announcements, TA would be better for your trades. SO the point is you shall 'notice' about big news as support but practice TA for your trades
May 28 2020 at 10:06
Hi Ellyott9029
If you are trading the 4 Hour and daily charts and you have a strategy/edge which has been back tested and produces wins and losses in your favor, your money management and stops are in place ,mixing fundamental news in to your trades NOW is not a good recipe.
Not Specified
May 29 2020 at 08:32
Many people really argue which analysis is better, but I'm more technical.
May 29 2020 at 20:06
TA is clear,
Clean,
Pure,
Clinical,
Your in, or your out
Clean,
Pure,
Clinical,
Your in, or your out
Not Specified
May 29 2020 at 23:05
/the best system to use is one that trades with Price Action. Technical analysis is always about the past and the info you get will be behind the move of the market. Fundamental analysis is more for economists who take the long view or traders who trade off current events and announcements.
Price Action trading takes some of its style from technical analysis and some from other information in order to predict the future moves of the market. There are plenty of articles explaining the difference if you google it. Don't take my word for it.
Price Action trading takes some of its style from technical analysis and some from other information in order to predict the future moves of the market. There are plenty of articles explaining the difference if you google it. Don't take my word for it.
May 30 2020 at 15:00
I think you have to choose what's best for you, and that's the most important thing.
But I think technical analysis is a little easier than fundamental analysis.
But I think technical analysis is a little easier than fundamental analysis.
Jun 07 2020 at 05:33
Both methods are equally indicators of market conditions and complement each other.
Jun 13 2020 at 15:51
I give preference to technical analysis for the reason that somehow I immediately started working with it, and it is much easier for me.
Jun 13 2020 at 19:11
Technical Analyses has been my God of all trades, but if there is big Fundamental News coming out, I stay out of doing Technical Trading before it, as News do useless Technical Trading, I continue Technical one hour or less after News, and it's been the best.
Dec 19 2020 at 14:49
If you want to become successful in the forex market, you need both of them.
Jan 11 2021 at 04:23
Yes, technical analysis is the best for this. Meanwhile, the news and announcements are bound to make some difference. That is something no one can ignore.
Feb 08 2021 at 06:33
If using technical indicators of 4 hours works for you, then you should definitely keep doing that. Good luck to you.
Feb 18 2021 at 05:47
Both hold their own important place in trading imo, depends what trading style and plan is a trader involved in.
Feb 23 2021 at 08:38
It will be best for you to master both types of market analysis. If used correctly in the complex, fundamental analysis and technical, your trading result will be at the highest level.
Feb 26 2021 at 04:03
For me, both technical and fundamental analysis are equally important for trading successfully.
Mar 01 2021 at 08:19
I also believe that technicals and fundamentals both play an important role in planning your trades. I also consider the sentiment of the market before planning my trades.
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