Commander in Pips: Theoretically – yes, but talking about real life - in general, depending on own tasks and trading way most traders make some particular type as primary and others types as supportive one. It assumes that trader should have perfect knowledge and application skills at least in single type of analysis and have a common knowledge with the others. But this common knowledge is absolutely necessary, because you should have at least general understanding of what is going on the market. I will be absolutely happy if you will become a master in all three types of analysis, but I suggest that you should start at least from one of them. And later you can calmly choose preferable type and decide – do you really need perfect level for all of them, or just for one and familiar with others. Pipruit: I heard that technical analysis is simplest, may be I should choose this one and ignore the others? Commander in Pips: I think that this is a way to financial catastrophe. You may choose technical analysis as primary one. But ignoring other types can lead you to wracking. Just imagine the situation – you have excellent skills in technical analysis, but you turn on the TV and see that Fed Chairman tells something about Fed rate perspective of US economy. Right after his words the market starting dooming and glooming. Or, for instance, you make a perfect technical analysis of the market and almost ready to open position but suddenly some important macro data has been released and market starts to accelerate in opposite direction to your expectations. If you do not understand why it has happened and what you should to do now - then your things are in a bad way. You may not use all three types of analysis in the same degree of intensity, but you have to be familiar with all of them at solid level of knowledge. Still the fact is that you will be able to make a reasonable choice only when you will finish our school. This is an awful truth. P.S. This lesson was written by Sive Morten, who has been working for a large European Bank since April of 2000, and is currently a supervisor of the bank's risk assessment department. Sive's knowledge of forex market and banking industry is vast and quite complete. If you have any specific questions about forex, banking industry, or any other financial instruments, please post them on the next page and Sive should answer soon. Note: FPA ranks are earned in the battles against scam, not in the classroom.