elena sarkees
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I think both the fundamental and technical analysis are important you cant ignore any one of it since a good trader should look at both and take his position accordingly
I think both the fundamental and technical analysis are important you cant ignore any one of it since a good trader should look at both and take his position accordingly
As a professional trader, you need to look at both types of analysis. Most of the traders are technical traders so they look at charts for setup most of the time but they also look at important and high impact news to avoid any miss leading technical signal.
This analysis is actually two intertwined, so that you can learn well. I suggest to focus on one pair only, so that economic news could be followed. Further Technical analysis is also important.I of course prefer Technical than fundamental. to me its simple and easy to read market history and predict future movement of trends just by following Candlesticks, on the other hand, I still don't know how to read market news and how market changes based on news
And then the ECB (or any other central bank in its own equivalent) announces a new round of LTRO and you get caught in massive movement you could've never predicted via technical analysis.I of course prefer Technical than fundamental. to me its simple and easy to read market history and predict future movement of trends just by following Candlesticks, on the other hand, I still don't know how to read market news and how market changes based on news
For technical and fundamental must go hand in hand. So you can learn both well.I think both the fundamental and technical analysis are important you cant ignore any one of it since a good trader should look at both and take his position accordingly
For technical and fundamental must go hand in hand. So you can learn both well.