dhanpreet Posted October 22, 2010 Share Posted October 22, 2010 Every trader has his/her own trading style. Each of them uses different approaches, methodology to profit from every trade. I use technical analysis for trading in forex. I look at fundamental news , but dont get stuck with the news item and analyse and dig deep. that will be simply waste of time. that is the duty of the analysts and new reporters. they will do the work for us. I feel that we need to immediately grasp things as fast as we hear them. just read/hear it, analyze for a moment, arrive at a decision as to what can happen if it happened now. In TA, I use Simple Moving Averages (SMA), MACD, RSI. Sometimes I use Stochastics, Bollinger Bands or Money flow Index also. generally i stick to first set for my major decisions. Using too many indicators generally confuse and sometimes takes away precious time and distract us from acting while an opportunity is at hand. My SMAs are set at 3, 13, 39 periods. whenever the shorter ones cuts the longer ones - either Up or Down one has to go long or short. I also look at the MACD to confirm if the move is right or wrong. RSI should be showing strength, else its sure that the move wont last long. most platforms offer charting facility on which we can plot the chart of any duration. I look at 5 min, 15 min, 4 hours and daily as I trade in short burst and do not carry any position over-night. at the end of the day, my positions are NIL. I have been quite successful this method. What is your style of Trading? Lets share and profit from each others experiences. Quote Link to comment Share on other sites More sharing options...
omarelalfy Posted October 26, 2010 Share Posted October 26, 2010 In TA, I use Simple Moving Averages (SMA), MACD, RSI. Sometimes I use Stochastics, Bollinger Bands or Money flow Index also. generally i stick to first set for my major decisions. Using too many indicators generally confuse and sometimes takes away precious time and distract us from acting while an opportunity is at hand. very nice Quote Link to comment Share on other sites More sharing options...
chuna1985 Posted November 10, 2010 Share Posted November 10, 2010 I prefer technical analysis. It's kind of complicated but it gets clearer as you practice with it the more. I believe it has an edge over fundamental analysis. Quote Link to comment Share on other sites More sharing options...
chuna1985 Posted November 10, 2010 Share Posted November 10, 2010 I prefer technical analysis. It's kind of complicated but it gets clearer as you practice with it the more. I believe it has an edge over fundamental analysis. Quote Link to comment Share on other sites More sharing options...
Hunter Posted November 26, 2010 Share Posted November 26, 2010 i mostly do technical trading.i follow charts a lot and do some finding in that.i also believe that fundamental trading also very important for trading success.will soon start doing that.the problem in trading is that it needs lot of learning. Quote Link to comment Share on other sites More sharing options...
Nikhil Posted December 6, 2010 Share Posted December 6, 2010 Now i also following charts and also some site who predict about daily movement and after seeing that entering the market but seeing from many days its better to think self but its really hard to understand correctly and no doubt it need time to get experience. Quote Link to comment Share on other sites More sharing options...
ellliottt Posted December 23, 2010 Share Posted December 23, 2010 I am basically a technical trader but trading news would be a very good and rapid trading style to get fast profits or even losses.Technical trading involves following of a trend and sticking to some rules of a strategy etc.but while trading news it all depends on how the news comes out.But fundamental trading doesnt need much time involvment and is a fastest way of trading Quote Link to comment Share on other sites More sharing options...
andry777 Posted March 2, 2011 Share Posted March 2, 2011 I think I am choosing technical analysis although I tried to learn about fundamental analysis too right now. Since I was newbie in forex, I feel that technical analysis is easier to understand than fundamental analysis. I didn't have background of economic so it's a little bit hard for me to learn about economic in some countries so I prefer to learn technical analysis first Quote Link to comment Share on other sites More sharing options...
bloger90 Posted April 10, 2011 Share Posted April 10, 2011 My trades are also based on technical analysis. All the news and fundamental data are represented in the trend. So I'm following the trend. Quote Link to comment Share on other sites More sharing options...
winning11 Posted June 29, 2011 Share Posted June 29, 2011 Most of the time I use fundamental analysis. Technique analysis seems to be a little hard for a newbie to grasp. I haven't been familiar with all the indicators yet. I think I can accumulate more experience trading and try to apply some of the indicators. Quote Link to comment Share on other sites More sharing options...
FinCoder Posted July 14, 2011 Share Posted July 14, 2011 I am doing scalping and I am trying to create my own EA, but I need more knowledge what indicators to use and how. I want to understand how the indicator works before I add it on my source code. Quote Link to comment Share on other sites More sharing options...
winzpc Posted July 24, 2011 Share Posted July 24, 2011 I'm a technical trader because hardly to learn the fundamental part. I use a candlestick chart and only use standard indicator. My open position is base on the price action combine it with a S/R line and trendline. Using much indicator make me fell pain, I can hardly see the clear candle or movement price. So I decided to use only 2 indi and all are standard indicator. Still learning the characteristic of the price action and far from the profit. Techinal is hard but I think not as hard as fundamental. Quote Link to comment Share on other sites More sharing options...
yogeshwartyagi Posted December 3, 2011 Share Posted December 3, 2011 I do often trade using technicals but while chosing the instrument to trade i prefer that it has good fundamentals - because when a pair is supported by both fundamental and technicals the chances of profit becomes higher and even if i could not close my trade on right time of i did not trigger stop loss it pays to wait being good fundamentals. Quote Link to comment Share on other sites More sharing options...
budado Posted March 11, 2012 Share Posted March 11, 2012 Fundamental and technical analysis. Actually my first step is fundamental analysis. read the news, read the sentiments, read forecast next I check my indicators and confirm if those sentiments and forecast I read do have weights. Because its no all the time that forecast and sentiments are true. Quote Link to comment Share on other sites More sharing options...
brokenblade Posted May 10, 2012 Share Posted May 10, 2012 I'm pretty much a little bit of both with a heavier tendency towards technical trading. I'm more into following the charts. I also look at the news in order to get a grasp at what to expect with the market that I am trading in. While they were both complicated to me, I was able to catch on to the technical side of Forex trading more easily than the fundamental aspect. Quote Link to comment Share on other sites More sharing options...
standart Posted December 6, 2012 Share Posted December 6, 2012 I am technical trader and mostly my decision based on technical analysis. I am read fundamental news also but not make analysis till I open the cart and see the real situation in the market. if those fundamental news support with the possibly technical outcome analysis, I will not ignore them. Quote Link to comment Share on other sites More sharing options...
euro Posted September 18, 2013 Share Posted September 18, 2013 I prefer both actually. You need to know technical but fundamentals will help you make more profit if you can predict the movement in advance. Fundamentals will have a lot to do with the technical. You should trade when there is a real movement if you're a scalper. Now, its hard to trade if you don't know the technical side o fit or know how to read the chart. You should know how to read charts so you can trade better. Quote Link to comment Share on other sites More sharing options...
Thayungsta Posted October 29, 2013 Share Posted October 29, 2013 as for me tecnical is my best cause it a kinda easy for a new trader can easly get use to Quote Link to comment Share on other sites More sharing options...
standart Posted January 17, 2014 Share Posted January 17, 2014 that is true that traders has own preferred method. some choose to use technical and they are comfort with it. and thus, able to generate profit even in consistent way. but some other choose to use fundamental analysis which basic approach is use news and economic data to analyze the market. Quote Link to comment Share on other sites More sharing options...
appscoin Posted May 4, 2014 Share Posted May 4, 2014 I think I am choosing technical analysis Quote Link to comment Share on other sites More sharing options...
myregister Posted October 22, 2014 Share Posted October 22, 2014 I am 99% fundamental trader and 1% Technical trader. I am dominated by news that i love to trade with so with this fundamental analysis i can trade lesser and trying to obtain bigger profit. Fundamental traders only depend on news and sometimes rumours, but technical traders depend on data and sometimes past movement. Quote Link to comment Share on other sites More sharing options...
mcliffi Posted January 5, 2015 Share Posted January 5, 2015 I also prefer both trading strategies.Both technical and fundamental analysis are good to a trader and can yield great results if taken into account.Technical is easy to learn and use for a newbie.I love it most but we also need to understand the market fundermentals in order to predict the market movement.Both methods will be good to a trader and we should learn them if we want to make t in forex. Quote Link to comment Share on other sites More sharing options...
myregister Posted January 18, 2015 Share Posted January 18, 2015 I also prefer both trading strategies.Both technical and fundamental analysis are good to a trader and can yield great results if taken into account.Technical is easy to learn and use for a newbie.I love it most but we also need to understand the market fundermentals in order to predict the market movement.Both methods will be good to a trader and we should learn them if we want to make t in forex. I wonder how you put them together As for me technical analysis is a good analysis too but sometimes or in most of time it got so complex and need more time while with fundamental analysis that i did before, every trading become more simple compared to before. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 1, 2015 Share Posted September 1, 2015 You can do that by price action for example, some candle has various meaning and also you can use it when news coming look at high frame like H1 or H4 and compared with M5 or M15 after the news result out just see the candle (price action) to know when the right time to enter the market, usually it is around 5-10 minutes later. Quote Link to comment Share on other sites More sharing options...
myregister Posted November 16, 2015 Share Posted November 16, 2015 You can do that by price action for example, some candle has various meaning and also you can use it when news coming look at high frame like H1 or H4 and compared with M5 or M15 after the news result out just see the candle (price action) to know when the right time to enter the market, usually it is around 5-10 minutes later. Price action is technical analysis which means if you use it or even combine it with something like RSI or MA100/50/20/30 , then it is safe to assume you are technical traders but if you solely prefer to analyze the news and rumours or even has principal like this " buy the rumour, sell the fact" then you are fundamental trader Quote Link to comment Share on other sites More sharing options...
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