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Tech or fundamental

  • #1
  • First Post: May 7, 2007 8:44pm May 7, 2007 8:44pm
Is it better these days to go technical, or use fundamental analysis when trading forex?
  • #2
  • May 7, 2007 10:10pm May 7, 2007 10:10pm
Quoting Circafx
Is it better these days to go technical, or use fundamental analysis when trading forex?
Chicken or Steak...there is no true answer. Some people are into technicals and some are into fundamentals.

I am into technicals 100%. Trading on 4 hour and daily charts, news is not that much of an issue with me.
  • #3
  • May 7, 2007 11:13pm May 7, 2007 11:13pm
i think the longer your trades the better fundamentals are, the shorter your trades, the better technical is.

if you trade 5mins, fund wont help at all
if you trade weekly, you dont really need indcators
  • #4
  • May 8, 2007 1:54am May 8, 2007 1:54am
Quoting witchazel
i think the longer your trades the better fundamentals are, the shorter your trades, the better technical is.

if you trade 5mins, fund wont help at all
if you trade weekly, you dont really need indcators
Exactly .. even better you use fundamental to find long term direction and use technicals to enter trades in the direction of the fundamental.

And please, news trading is not fundamental trading. More like noise trading.
  • #5
  • May 8, 2007 10:42pm May 8, 2007 10:42pm
Mmm...where exactly do swing signals fall into place?
  • #6
  • May 8, 2007 10:59pm May 8, 2007 10:59pm
well, swing signals would probably be prone to both technical AND fundamental momentum, so you best brush up on both if you're playing that card.

It's probably a good idea to be versed in both anyways...it's nice to believe that you can be technically OR fundamentally oriented at all times, but it's really not possible no matter what time frame you trade.

A nice trend can develop on a 1-second chart, but be driven by fundamental factors if cross currency fundamentals affects your pair...by the same token, interest rate releases can be contrary to the technical trend, but not be able to break through support or resistance...

My advice is to 1) always know the trend, support and resistance and 2) be aware of the fundamental factors that can reinforce or weaken the trend.

Quoting Circafx
Mmm...where exactly do swing signals fall into place?
  • #7
  • May 11, 2007 10:25am May 11, 2007 10:25am
Just wanted to say thanks, you guys have been great. I bought a few books the other day on forex trading - so that should keep me busy over the weekend. Are there, in your experience, any particular forex websites to stay away from? I've heard a lot about scams etc.
  • #8
  • May 11, 2007 10:48am May 11, 2007 10:48am
Quoting mrmikal
My advice is to 1) always know the trend, support and resistance and 2) be aware of the fundamental factors that can reinforce or weaken the trend.
one sentense. but so deep!
  • #9
  • May 11, 2007 10:56am May 11, 2007 10:56am
Quoting Circafx
Just wanted to say thanks, you guys have been great. I bought a few books the other day on forex trading - so that should keep me busy over the weekend. Are there, in your experience, any particular forex websites to stay away from? I've heard a lot about scams etc.
talkgold forum. the deepest and darkest hole of money making on internet. nothing good comes out there.

i hope no one else had to go tru it on the way of knowledge.
but after can say what dosent kill you will make you stronger.

but entertaining and exelent place to see what word SCAM. means
  • #10
  • Last Post: May 14, 2007 8:34pm May 14, 2007 8:34pm
wow, no kidding. Seems like every poster there is promoting their own affiliate programs. Thanks for the advice. May I ask what broker you are using? I'm toying with different demo's at the moment.
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