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Is it better to use fundamental or technical analysis with Forex trading?
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Technical Analysis, Fundamental Analysis, Forex Trading, Forex Methods
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About "Is it better to use fundamental or technical analysis with Forex trading?" topic:
As you already are aware, there are two primary forces acting in the Forex markets: fundamental data, which include such indicators as balance of trade data, money supply, interest rates, economic and financial reports, etc.; and technical data, which include such indicators as moving averages, average directional movement, stochastics, etc.
So, why should a Forex trading method be focused on technical indicators? First, attempting to trade on fundamental data requires you to be available on real-time bases at whatever hour of the day or night that the news influences the markets, and, you must be able to act on that news before (predictive) or at the instant thousands of other Forex traders do (reactive), otherwise, you will have missed your opportunity. Trading on fundamentals, as well, is less about the actual data itself and more about the market's reaction to that data. You rely here on the human factor that is not always very predictable.Technical analysis, however, allows you as trader more time to make a smart decision. Pierre
Get Forex Savvy by E-mail,CLICK: http://xcelprofitableforextools.blogspot.com/
As you already are aware, there are two primary forces acting in the Forex markets: fundamental data, which include such indicators as balance of trade data, money supply, interest rates, economic and financial reports, etc.; and technical data, which include such indicators as moving averages, average directional movement, stochastics, etc.
So, why should a Forex trading method be focused on technical indicators? First, attempting to trade on fundamental data requires you to be available on real-time bases at whatever hour of the day or night that the news influences the markets, and, you must be able to act on that news before (predictive) or at the instant thousands of other Forex traders do (reactive), otherwise, you will have missed your opportunity. Trading on fundamentals, as well, is less about the actual data itself and more about the market's reaction to that data. You rely here on the human factor that is not always very predictable.Technical analysis, however, allows you as trader more time to make a smart decision. Pierre
Get Forex Savvy by E-mail,CLICK: http://xcelprofitableforextools.blogspot.com/
1 debates
on topic: "Is it better to use fundamental or technical analysis with Forex trading?"
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Fundamental Analysis
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15
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24
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Technical Analysis
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Anirban Roy
| Argues in support of
"Technical Analysis"
| 2 years ago
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How about technical analysis of fundamentally sound companies ??
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Krishnan ASV
| Argues in support of
"Fundamental Analysis"
| 3 years ago
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Fundamental Research is the cornerstone of any financial analysis on a stock because it gives u a sense of whether ur mindset and hence, u investment horizon should be that of a short-term trader or a longer-term investor. Every investor has an...
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suchita Ambardekar
| Argues in support of
"Technical Analysis"
| 3 years ago
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If one were to follow technical analsyis,came out by means of trailing stop loss.So many pms came out of market in late november 2007 and early dec 2007.Because though pinpointing exact top may not possible,stop loss in trending market of...
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Debate: "Fundamental V/S Technical analysis" deleted from your view.
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