It's good if we can combine both fundamental analysis and technical analysis. I think only technical analysis can also be used for trading and many traders are making money including me. I just stay away from economic news release.
In my trading I use both types of analysis. But technical is more suitable for me. Since with him I get a good result, and in percentage terms according to technical analysis, the percentage of successful transactions is about 70%.
Undoubtedly, both types of analysis are very important for successful trading on the forex exchange. But each trader can use these analyzes differently to a greater or lesser extent. for example i use them about 70 to 30% (technical to fundamental)
steve_25 posted: No doubt technical analysis is important but for me economic news is equally important. I always keep a watch on upcoming economic events, either I check forexfactory or fxview reports.
True. Sometime trader only depends on technical term and ignore fundamental which is not the proper way of trading.