andry777 Posted March 2, 2011 Posted March 2, 2011 Every trader has different way to get profits from forex but there are 2 analysis which usually used by all traders in the world. They usually called it technical analysis and fundamental analysis. Which one do you like the most, technical or fundamental? Why do you choose that analysis? Share here... 13 Quote
Nikhil Posted March 2, 2011 Posted March 2, 2011 For me its better to technical analysis becaus ei think fundamental analysis is more hard . but there is great value both and if we intermingled both than no doubt great result. but still i am fully dependant on technical anlysis. Quote
andry777 Posted March 2, 2011 Author Posted March 2, 2011 @nikhil Yes, I am same with you. I think almost newbie trades agreed that fundamental analysis is harder than technical analysis. I ever read that we could combine them, technical and fundamental analysis, do you have any ideas or informations about this? Quote
Nikhil Posted March 3, 2011 Posted March 3, 2011 @andry777 still i am unable to combine that but dont giving up hope and trying to get knowledge from my 2 forex forum where i am active and now fully dependant on technical analysis . sure i will update if i get any success from this .but it taking more time to understand because trully saying its very hard to understand fundamental. Quote
andry777 Posted March 3, 2011 Author Posted March 3, 2011 @nikhil Yes, I am sure that will be hard to combine both of those analysis because we must know well about technical and fundamental analysis first before we combined them, right? I think that will need time to learn them all. Same with you, I am technicalist, so i prefer to use technical analysis than fundamental because fundamental is harder for me. I must take a look condition of many countries, that was confusing me Quote
indieover Posted March 4, 2011 Posted March 4, 2011 i think for beginners better start with technical analysis. so that he can learn more thing at the start , more basic things. and yes combining those two can be difficult but it can be good if you can combine technical and fundamental analysis though it is quite a hard work to learn how to use them at the same time. Quote
Nikhil Posted March 5, 2011 Posted March 5, 2011 @indie about newbie trader i think its better to trade first after technical analysis which will give some idea instead fundamental because its very hard to realizes first of fundamemtal when later there is great change to interprete this. Quote
andry777 Posted March 5, 2011 Author Posted March 5, 2011 @Nikhil Yeah, that was right. But not all newbies will think that technical analysis is easier than fundamental because I ever knew some newbies who thought that fundamental analysis is easier than technical because we didn't need to count anything as detail as technical, that was he said So I think that was all depending on each trader. Quote
silenteyes Posted March 5, 2011 Posted March 5, 2011 It will depend upon each trader but I think most of the newbies like technical analysis because it is easier to read charts than keeping eyes on news. It is much harder in the starting days to get going with fundamental analysis but you will be getting used to after some months of experience. Quote
andry777 Posted March 6, 2011 Author Posted March 6, 2011 @silenteyes Actually, it's not hard to get informations about news because we could take a look in news site to know what is news which will appears in that day, but there are some news which appear although we didn't see it in schedule news in the site. But as overall, technical is easier because we will know condition in the market which similiar with indicators, in fundamental we must analyze it by ourselves. Quote
mownabratadey Posted March 6, 2011 Posted March 6, 2011 @andry777: I think it's very easy to get news on market, but for analysis pairs' trends we need to have some serious knowledge or skill & of course depth of views should follow .... as newbie....I was not so able to get this fundamental analysis, I just have gone with technically views.... that's why I am still bad trader... so definitely fundamental knowledge is required field... Quote
andry777 Posted March 6, 2011 Author Posted March 6, 2011 @mowna Yeah, it's easy to get informations about news because we could get it for free and fast from news site and I am agree the hard part is analyzing the news which we got so we could take advantages from that informations. That w.ill need many knowledges of conditions in the countries which we used as pair and also some experiences from many years in there. Each country has differerent habit so we should know that too. That's why I said that fundamental is harder than technical, for me personally Quote
Nikhil Posted March 6, 2011 Posted March 6, 2011 @andry777: I think it's very easy to get news on market, but for analysis pairs' trends we need to have some serious knowledge or skill & of course depth of views should follow .... as newbie....I was not so able to get this fundamental analysis, I just have gone with technically views.... that's why I am still bad trader... so definitely fundamental knowledge is required field... I dont think only trade with technical analysis one may bad trader. because i know about some trader who only follow technical analysis . anyway for me i also trade with technical analysis and trying to understand fundamental and its very good if we mixed both too. Quote
andry777 Posted March 7, 2011 Author Posted March 7, 2011 @Nikhil Yeah that was right. Not always people who is more concentrate to use one analaysis will trade worse than people who could use both analysis but I am sure if people who used only one analysis, that is not completely one analysis but he must pay attention another condition with small another analysis. Lets say who used technical, I think he will know fundamental too although it's not really detail. At least, he knew when is the schedule of news will appear. Quote
Nikhil Posted March 10, 2011 Posted March 10, 2011 @Nikhil Yeah that was right. Not always people who is more concentrate to use one analaysis will trade worse than people who could use both analysis but I am sure if people who used only one analysis, that is not completely one analysis but he must pay attention another condition with small another analysis. Lets say who used technical, I think he will know fundamental too although it's not really detail. At least, he knew when is the schedule of news will appear. I am not against you and you are correct. you saying about news and its really very very important which have much impact in market . anyway although still i dont know much about fundamental but always aware about news and most of the time i dont trade in that moment when news publised .when i am more depend on technical analysis. Quote
andry777 Posted March 10, 2011 Author Posted March 10, 2011 @Nikhil Yeah, sure that was okay if you like to use method that you like. I ever knew that some traders could survive in forex trading although they used only one analysis but still you must know although a little bit about fundamental analysis. Quote
boniez Posted March 12, 2011 Posted March 12, 2011 I really feel more comfortable using a technical rather than fundamental analysis, although at times I have been monitoring prices through the news ... I think technically easier to use, because it is directly applicable to our order Quote
andry777 Posted March 12, 2011 Author Posted March 12, 2011 @Boniez Yes, I am agree if technical analysis is easier for me but I didn't say that technical will be easier than fundamental analysis for all traders. In technical, we didn't need to take a look too much about condition in each country but I knew if that will be better if we could know both of them. Quote
boniez Posted March 12, 2011 Posted March 12, 2011 @Boniez Yes, I am agree if technical analysis is easier for me but I didn't say that technical will be easier than fundamental analysis for all traders. In technical, we didn't need to take a look too much about condition in each country but I knew if that will be better if we could know both of them. absolutely right. I'm sure maybe there are many people who choose to use technical analysis. and other advantages of technical is that we do not need any other media like fundamental, in addition to our MT4 platform,,, Quote
andry777 Posted March 13, 2011 Author Posted March 13, 2011 @Boniez I am a little disagree with you. Although we used only technical analysis, we still needed some news from fundamental to know the movement will be higher in possiblity to move in what direction. So in my opinion, although we used technical or fundamental, we still needed few knowledges of them. Quote
Nikhil Posted March 15, 2011 Posted March 15, 2011 @andry777 i think you correct because we need both to better trade although it possible to trade only with technical . but its very urgent to know about fundamental for basis to increase our better chance to gain in forex . Quote
andry777 Posted March 15, 2011 Author Posted March 15, 2011 I didn't think we must master both of them at once, we could learn it one by one and we could learn one of them better from other first and then we could learn another analysis after we could make good analysis and we knew the condition well. Quote
Nikhil Posted March 17, 2011 Posted March 17, 2011 I didn't think we must master both of them at once, we could learn it one by one and we could learn one of them better from other first and then we could learn another analysis after we could make good analysis and we knew the condition well. yes its better if we learn both step by step means one after another . when technical some easy comparing fundamental than its better first practise with it after that fundamental which take more time to understand . Quote
andry777 Posted March 25, 2011 Author Posted March 25, 2011 @Nikhil Yeah, that was right. But I am sure if we can't learn both of them at once. We will learn one of them first as our priority and we started to learn another analysis after we knew much enough about one analysis. I suggested to learn technical analysis first while we learned fundamental analysis too because it's easier for me and I read for mostly newbie traders. Quote
chuna1985 Posted March 25, 2011 Posted March 25, 2011 I like the fundamentals better because it is easy to understand for me. But both analysis methods must be consulted in order to make out stable market results. failing to combine both will lead to unexpected losses because they both are equally important Quote
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