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Fundamentals Vs Technicals

Discussion in 'General Forex Talk' started by glo-forex, Mar 2, 2009.

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

Poll closed Sep 27, 2015.
  1. Fundamentals

    4.2%
  2. Technicals

    33.3%
  3. Both

    62.5%
  4. Neither

    0 vote(s)
    0.0%
  1. EURUSD

    EURUSD Sergeant Major

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    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.
     
  2. iMusingKiMi

    iMusingKiMi Sergeant

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    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.
     
  3. downtrend

    downtrend Sergeant

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    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.
     
  4. ForexVerified

    ForexVerified Private, 1st Class

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    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).
     
  5. EuroTrader

    EuroTrader Sergeant Major

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    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 :)
     
  6. Aaron Dias

    Aaron Dias Recruit

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    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.
     
  7. EURUSD

    EURUSD Sergeant Major

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    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.
     
  8. Carles3

    Carles3 Recruit

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    I use both in my trading.

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

    downtrend Sergeant

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    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.
     
  10. EURUSD

    EURUSD Sergeant Major

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    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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