Fundamentals Vs Technicals

Fundamentals Vs Technicals! Which do you use to place trade?


  • Total voters
    24
  • Poll closed .

EURUSD

Sergeant Major
Messages
1,133
Think like a fundamentalist and trade with your technical. Price are driven by fundamental and human, no matter how good is your technical,if there are no fundamental to back up the logic for price to go further, technical worth nothing.
Good traders must learn both technical and fundamental analysis. It is right that fundamental would give high impact to the market but actually, it's not fundamental itself which will impact the market but the response of traders (buysers and sellers) in the market with condition which happened in certain country in the world which can move price in high numbers of pips in few hours only. But I am sure that learning technical analysis is same important with learning fundamental analysis.
 

iMusingKiMi

Sergeant
Messages
896
Good traders must learn both technical and fundamental analysis. It is right that fundamental would give high impact to the market but actually, it's not fundamental itself which will impact the market but the response of traders (buysers and sellers) in the market with condition which happened in certain country in the world which can move price in high numbers of pips in few hours only. But I am sure that learning technical analysis is same important with learning fundamental analysis.
I do see your point there and of course both are important in trading. Technical could give some hints, but remember that fundamental usually overwrite technical. Fundamental itself which back up on SUPPLY and DEMAND.
 

downtrend

Sergeant
Messages
872
I am a technical trader but I do look at news also. News are in fact the major derivatives of forex market, you cannot ignore them. If you do, then you won't become a consistent profit generator.
 

ForexVerified

Private, 1st Class
Messages
582
Understanding both fundamentals and technicals is important; Fundamentals show you the general direction of a certain pair (Fed prints money so it should weaken the USD thus pushing EUR/USD higher), the technicals will help you identify your entry and exit points (in this theoretical uptrend).
 

EuroTrader

Sergeant Major
Messages
1,041
Understanding both fundamentals and technicals is important; Fundamentals show you the general direction of a certain pair (Fed prints money so it should weaken the USD thus pushing EUR/USD higher), the technicals will help you identify your entry and exit points (in this theoretical uptrend).
For us we have to understand how the markets work and what makes them move. Only when we will be able to use the knowledge we are having into our trades we can hope to get success :)
 

Aaron Dias

Recruit
Messages
108
For us we have to understand how the markets work and what makes them move. Only when we will be able to use the knowledge we are having into our trades we can hope to get success :)
I have tasted success in the Trading business after much efforts and also after spending too much time in front of the PC and Laptops.
 

EURUSD

Sergeant Major
Messages
1,133
I do see your point there and of course both are important in trading. Technical could give some hints, but remember that fundamental usually overwrite technical. Fundamental itself which back up on SUPPLY and DEMAND.
Traders should use technical or fundamental analysis in the right timing so you could get higher possibility to gain profit than loss. Technical analysis is usually used when there is signal from indicator or price action and fundamental analysis is used when there is high impact news appearing. Fundamental analysis has close relationship with your capability to read news (economic news) to the country.
 

Carles3

Recruit
Messages
6
I use both in my trading.

Technical to know when to trade and in which direction.
And fundamental to avoid trading during news.
 

downtrend

Sergeant
Messages
872
Its not versus, fundamental and technical work in same direction, many times, you will see a setup on technical that is supported by fundamental. So you can combine the two to achieve more success in forex trading.
 

EURUSD

Sergeant Major
Messages
1,133
Its not versus, fundamental and technical work in same direction, many times, you will see a setup on technical that is supported by fundamental. So you can combine the two to achieve more success in forex trading.
Yes, it will be better for you if you can master both of them (technical and fundamental) in making decision. So far, each analysis could be used well in different condition of market so if you can use them then you can trade well in more conditions of market. Fundamental analysis usually will be better for condition when there is high impact news appearing.
 
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