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Economist

  • #1
  • First Post: Jan 17, 2008 1:19pm Jan 17, 2008 1:19pm
How Many people here are economist, just out of interest
Excel
  • #2
  • Jan 17, 2008 1:32pm Jan 17, 2008 1:32pm
Quoting DilwareH
How Many people here are economist, just out of interest
What would you like to know?
Humble Lifetime Member
  • #3
  • Jan 17, 2008 1:44pm Jan 17, 2008 1:44pm
Basically I have read about alot of people saying that they have not made lost all of thier money, whilst some have due to highe risk gained large gains, what i want to know is that well does looking at the economics side of the forex market increase chances of profitability becasue alot of attention is given to technical analysis
Excel
  • #4
  • Jan 17, 2008 2:02pm Jan 17, 2008 2:02pm
Quoting DilwareH
Basically I have read about alot of people saying that they have not made lost all of thier money, whilst some have due to highe risk gained large gains, what i want to know is that well does looking at the economics side of the forex market increase chances of profitability becasue alot of attention is given to technical analysis
Those who lost had no system in place.

Those who made probably had a system in place.

The question that you pose will have hundreds of different answers from various points of views.

Speaking for myself, I utilize fundamentals and technicals in my trades as I am a long term investor who holds onto his positions ranging from days to weeks and sometimes even months at a time.

Those who trade on a daily basis, trade mostly with technicals. I could be wrong (if I am, I will get grilled for it) but imvho, you will not find a scalper trading on fundamentals but utilizing technicals for his or her trading.

It all depends on your trading style. I recommend that an individual utilize technicals alongside with fundamentals and trade on the higher time frames such as Daily and Weekly charts in order to have a better chance of succeeding. All this does not happen overnight but rather takes time and patience to develop.
Humble Lifetime Member
  • #5
  • Jan 17, 2008 2:14pm Jan 17, 2008 2:14pm
That was pretty helpful, thankyou for your input
Excel
  • #6
  • Jan 18, 2008 3:22am Jan 18, 2008 3:22am
Perfectly said.... Thanks Ash!

Quoting Ash
Those who lost had no system in place.

Those who made probably had a system in place.

The question that you pose will have hundreds of different answers from various points of views.

Speaking for myself, I utilize fundamentals and technicals in my trades as I am a long term investor who holds onto his positions ranging from days to weeks and sometimes even months at a time.

Those who trade on a daily basis, trade mostly with technicals. I could be wrong (if I am, I will get grilled for it) but imvho, you will not find a scalper trading on fundamentals but utilizing technicals for his or her trading.

It all depends on your trading style. I recommend that an individual utilize technicals alongside with fundamentals and trade on the higher time frames such as Daily and Weekly charts in order to have a better chance of succeeding. All this does not happen overnight but rather takes time and patience to develop.
  • #7
  • Jan 18, 2008 3:31am Jan 18, 2008 3:31am
  •  w_z
  • | Joined Dec 2007 | Status: hand over them pips | 61 Posts
I studied economics. All you really need for forex is first year econ and lots of reading. Econ is only useful if you are a position trader.

or news trading...if you "know" in advance that the forecasts are way off.

but i don't recommend that, for your account's sake.

the people who came up with those numbers all have ph.d's in economics...so if they're wrong...
  • #8
  • Jan 18, 2008 3:34am Jan 18, 2008 3:34am
Quoting WHTenn
Perfectly said.... Thanks Ash!
Thanks Brother!
Humble Lifetime Member
  • #9
  • Last Post: Jan 22, 2008 7:47am Jan 22, 2008 7:47am
I´m made colege of economist too, but focus in my country.
I´m Trader Forex since 2004, and use AT +Fundamental Analyses too , principaly in a swing trades.It´s very good.
I think that one depend of another... but i think excelent EAs here that works just with mathematic..
Each one see of one way, the most important are the results...and profits of course


Best Regards,
Marcelo Marques
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