Nice reply
You can't be 100percent of course but someone who bases his trades on fundamentals will be close to that.
Let me put it like this...most traders successful or struggling, base their trading on reading the charts, and using indicators. I believe indicators are your number 1 enemy.
I will give a few glaring examples. COVID-19 effect on gold. Fundamental traders understood what was going on bought gold and waited. Technical [only] traders lost a lot with entry and re-entries.
Putin invades Ukraine... fundamentals know what to do. Technicals will keep playing with charts and tools without understanding the market.
I personally trade only currencies. I understand what is going on with my currency and I only use technical analysis to make good entries and know where to tp.
You can't be 100percent of course but someone who bases his trades on fundamentals will be close to that.
Let me put it like this...most traders successful or struggling, base their trading on reading the charts, and using indicators. I believe indicators are your number 1 enemy.
I will give a few glaring examples. COVID-19 effect on gold. Fundamental traders understood what was going on bought gold and waited. Technical [only] traders lost a lot with entry and re-entries.
Putin invades Ukraine... fundamentals know what to do. Technicals will keep playing with charts and tools without understanding the market.
I personally trade only currencies. I understand what is going on with my currency and I only use technical analysis to make good entries and know where to tp.
Teerex