Hello Traders
lets begin first with Fundamentals :
these guys predict price based on fundamental analysis ...macroeconomic... (intrest rates , GDP ...etc)
Advantages:
-predict the economic condition very well ...
-increase knowledge about the country that we will trade on its currency ...
-calendars that shows each day news ...
Disadvantages:
-they dont show entry and exit points ...
-you cant just predict price move on a single release of a news ... also you cant translate all news into an entry ...
Secondley Technical :
Advantages:
-focus on price movement ...
-trends , patterns are easy to make/identify ...
-charts are full of information about price and its life cycle and charts are free
Disadvantages:
-shows you what already happend ...
-relay on old indicators that has been forgotten ... should be improved !!
-false signals
ok ok I am myself a technical ... but begginer though ... so what do you think guys if there is any more adv. disad. for both Technical and Fundamentals ... please add ... I know there is more ... and I know we should use both ... but what can I say every thing has 2 faces the good & the ugly
lets begin first with Fundamentals :
these guys predict price based on fundamental analysis ...macroeconomic... (intrest rates , GDP ...etc)
Advantages:
-predict the economic condition very well ...
-increase knowledge about the country that we will trade on its currency ...
-calendars that shows each day news ...
Disadvantages:
-they dont show entry and exit points ...
-you cant just predict price move on a single release of a news ... also you cant translate all news into an entry ...
Secondley Technical :
Advantages:
-focus on price movement ...
-trends , patterns are easy to make/identify ...
-charts are full of information about price and its life cycle and charts are free
Disadvantages:
-shows you what already happend ...
-relay on old indicators that has been forgotten ... should be improved !!
-false signals
ok ok I am myself a technical ... but begginer though ... so what do you think guys if there is any more adv. disad. for both Technical and Fundamentals ... please add ... I know there is more ... and I know we should use both ... but what can I say every thing has 2 faces the good & the ugly
let the chart to be your chauffeur ... -Forexmnstr-