I saw people trading a while in the forexfactory and i realize one thing : people rarely use fundamental in their analysis if i dont want to say there are many of you guys here never use fundamental , but mostly only technical analysis to decide to trade . So i make this thread for everyone to debate about fundamental vs technical
Who is the richest trader of all time? Soros right? and he talked about technical analysis is "utter waste of time" . And i believe he did not lie , he truly dont use technical analysis , everyone know he bet on the pound short in 1991 and made 1 billion dollars, he bet it months earlier before the pound confirm he is right .
So that's tell me a lot : Fundamental analysis works , the only problem is we don't know how to use it correctly. While technical analysis i dont want to tell it does not work but if you use TA only and ignore FA , i think that's a big mistake
in my opinion , if it is so easy and everyone is millionaire now , there is no kind of system, template...only wait for ie : moving average coss, price action ..... and help you getting rich . Trading is a hard work, you must analysis news, you must do research before the market open , not only TA research but also FA research, which news is gonna release today, how it impact to the market. The big picture is how the politic is doing, what is the BOE, FED planing.....
For all the guy who say fundie does not work
Let me tell you an Ancient Chinese story:
The Frog in the Well
There was a frog that lived in a shallow well.
" Look how well off I am here ! " he told a big turtle from the Eastern Ocean. " I can hop along the coping of the well when I go out, and rest by a crevice in the bricks on my return. I can wallow to my heart's content with only my head above water, or stroll ankle deep through soft mud. No crabs or tadpoles can compare with me. I am master of the water and lord of this shallow well, What more can a fellow ask ? Why don't you come here more often to have a good time ? "
Before the turtle from the Eastern Ocean could get his left foot into the well, however, he caught his right calw on something. So he halted and stepped back then began to describe the ocean to the frog.
" It's more than a thousand miles across and more than ten thousand feet deep. In ancient times there were floods nine years out of ten yet the water in the ocean never increased.
And later there were droughts seven years out of eight yet the water in the ocean never grew less. It has remained quite constant throughtout the ages. That is why I like to live in the Eastern Ocean. "
Then the frog in the shallow well was silent and felt a little abashed.
You guys just like a frog which sit in the bottom of the well and see the world through that well and say like: "see this world is not bigger than my well, i'd rather stay here than go out"
you are lazy frogs which does not want to learn a new thing in this case is fundamental, only want to stick your ass with the easy one, just see some "price action" and determine up or down, easy thought, must not work, just spend your whole time stare at your chart, instead of reading news, doing research, you just wait for your signal show your trade, too easy right ... LOL . ....
Be the turtle, go to the see; Be the frog stay at your well. There are people who can use it and make money , you cannot blame fundie does not work but yourself do not understand it
Who is the richest trader of all time? Soros right? and he talked about technical analysis is "utter waste of time" . And i believe he did not lie , he truly dont use technical analysis , everyone know he bet on the pound short in 1991 and made 1 billion dollars, he bet it months earlier before the pound confirm he is right .
So that's tell me a lot : Fundamental analysis works , the only problem is we don't know how to use it correctly. While technical analysis i dont want to tell it does not work but if you use TA only and ignore FA , i think that's a big mistake
in my opinion , if it is so easy and everyone is millionaire now , there is no kind of system, template...only wait for ie : moving average coss, price action ..... and help you getting rich . Trading is a hard work, you must analysis news, you must do research before the market open , not only TA research but also FA research, which news is gonna release today, how it impact to the market. The big picture is how the politic is doing, what is the BOE, FED planing.....
For all the guy who say fundie does not work
Let me tell you an Ancient Chinese story:
The Frog in the Well
There was a frog that lived in a shallow well.
" Look how well off I am here ! " he told a big turtle from the Eastern Ocean. " I can hop along the coping of the well when I go out, and rest by a crevice in the bricks on my return. I can wallow to my heart's content with only my head above water, or stroll ankle deep through soft mud. No crabs or tadpoles can compare with me. I am master of the water and lord of this shallow well, What more can a fellow ask ? Why don't you come here more often to have a good time ? "
Before the turtle from the Eastern Ocean could get his left foot into the well, however, he caught his right calw on something. So he halted and stepped back then began to describe the ocean to the frog.
" It's more than a thousand miles across and more than ten thousand feet deep. In ancient times there were floods nine years out of ten yet the water in the ocean never increased.
And later there were droughts seven years out of eight yet the water in the ocean never grew less. It has remained quite constant throughtout the ages. That is why I like to live in the Eastern Ocean. "
Then the frog in the shallow well was silent and felt a little abashed.
You guys just like a frog which sit in the bottom of the well and see the world through that well and say like: "see this world is not bigger than my well, i'd rather stay here than go out"
you are lazy frogs which does not want to learn a new thing in this case is fundamental, only want to stick your ass with the easy one, just see some "price action" and determine up or down, easy thought, must not work, just spend your whole time stare at your chart, instead of reading news, doing research, you just wait for your signal show your trade, too easy right ... LOL . ....
Be the turtle, go to the see; Be the frog stay at your well. There are people who can use it and make money , you cannot blame fundie does not work but yourself do not understand it
...............my ass, he influences governments and obtains inside info. Honest soros.............now i have heard it all.
