Techinical or Fundamental

[Think Hard]

I think this depends on the individual trader and the individual trading. If you scalp major support and resistance points,then FA wouldn't be so much of relevance. However, if you trade long term, it is essential for FA that fuel price action, mainly interest rates.The best approach is to involve both/some combination of FA and TA especially on when to enter, and when to exit but it is of importance to use what your strategy tells you to use.

[trader4ever]

I have said it before "I don't know which one is more important you need to use a combination of fundamental and technical analysis when trading"

[DarkMindFX]

I don’t think any of these is better or things like that, it’s all to do with what we’re more comfortable with and that is enough to reward us. I am good with Technical part of things, but I am horrible with Fundamental, so that’s why I depend on my broker FreshForex, it’s so special with providing daily market analysis for free!

I'm usually very careful with all that "free" things What kind of info they provide? Does it really give you an edge in your trading?

[Eliza Abrams]

In bold - that's exactly what I'm talking about - "and second probably because in this case there will be much less people willing to use their services "

I know, I was just elaborating on the same thought. I agree with you.

[DarkMindFX]

Brokers are generally allowed to share information how many of their clients were profitable and how many weren't, that alone isn't an issue. The issue is whether they want to make that public, and more important, whether they would be willing to allow an independent third party (in this case an agency studying statistics) to examine this data. That said, I agree with you.

In bold - that's exactly what I'm talking about - "and second probably because in this case there will be much less people willing to use their services "

[Eliza Abrams]

Hi Eliza
I'm not sure there will be any kind of "official" statistics. It's only brokers who can provide it I believe, but I think they cannot or wouldn't do it - first of all because I presume they are not allowed to share such kind on info, and second probably because in this case there will be much less people willing to use their services

Brokers are generally allowed to share information how many of their clients were profitable and how many weren't, that alone isn't an issue. The issue is whether they want to make that public, and more important, whether they would be willing to allow an independent third party (in this case an agency studying statistics) to examine this data. That said, I agree with you.

[DarkMindFX]

To be honest I've always wanted to see some official statistics on that claim. I am not arguing the statistic is wrong, for all we know it could be right, but official confirmation would be nice. I agree though - Forex is a job, a craft if you will, and it requires effort like any other job out there.

Hi Eliza
I'm not sure there will be any kind of "official" statistics. It's only brokers who can provide it I believe, but I think they cannot or wouldn't do it - first of all because I presume they are not allowed to share such kind on info, and second probably because in this case there will be much less people willing to use their services

[Eliza Abrams]

Of course it's hard - that's why 95% of people loosing money on trading BUT like in any craft: if you master it - it will pay off.

To be honest I've always wanted to see some official statistics on that claim. I am not arguing the statistic is wrong, for all we know it could be right, but official confirmation would be nice. I agree though - Forex is a job, a craft if you will, and it requires effort like any other job out there.

[DarkMindFX]

Juggling both equally at the same time is harder than it seems, at least in my experience. Most people seem to have a predisposition towards one of them and the other remains secondary.

Of course it's hard - that's why 95% of people loosing money on trading BUT like in any craft: if you master it - it will pay off.

[Dalibor Ivanković]

Most of the time, espesh on Gold, the move happens before the news...

[arbtrader]

From my understanding, you're wanting to on-sell research reports that you get from investment banks. Is that correct?

[Eliza Abrams]

Juggling both equally at the same time is harder than it seems, at least in my experience. Most people seem to have a predisposition towards one of them and the other remains secondary.

[DarkMindFX]

Do you think that technical is better than fundamental analysis?

For my experience, I think this has been proved absolutely right

I think we should use both The this is that (IMHO) each type of the info reflects just one side of the reality so we need to be able to look at this market reality at different angles. But of course we should be able to filter - what to pay atention to and want not.

[jlf]

For sure all my trading is based on the information in the chart

[Eliza Abrams]

It seems to be the most prudent decision for me.