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I had heard a story from a fundamental analysis the name is Ed Seykota , he tells about his experience: "One night, at dinner with a fundamentalist, accidentally I banged a sharp knife on the side of the table, he saw knife rotating in the air, then stuck the side of his shoe . I cried out "Why you do not move your feet". then he replied"I'm waiting for the knife back up,"
There are two basic methods used in determining when traders enter the market in forex trading:
Fundamental analysis
Technical analyst
high-impact news making the prices to be volatile, I am very afraid that if the movement had a very extreme,
I prefer to trading without news, so I can focus on my technical analysis
I tried to combine fundamental and technical analysis. so far I have tried to do it starts with the technical analysis. then, I look at the calendar and compare the fundamental analyzes are carried out by others because I do not have a basic economics. unfortunately sometimes it is just confusing because there are times where the two models are opposite to each other analyzes.
both fundamental and technical carry the same importance. one is valueless without another. when i was first joined in forex, i was ignored the fundamental news. as a result i blow up my account several time. now i follow both and trade considering both analysis
I also start forex depending on technical and also spend many time to understand to indicator but after few time i understood the impact of news and now trying more depending on news . actually where there is no news and if news far then depending technical analysis and entering market.
I am fully agree with you because i also think when there is very first impact of news in market then when it released it may break everythings and then technical analysis go fails , so i think its always good to check atleast important news .
its true not all the news have great impact which we can see in economic calender of high impact and low impact but before i see high impact news have no doubt big impact on market but sometime low impact news also play great rule and for this if we trade with news then we need always careful.
ya its great if we install that but i think if we see th economic calender each day of incoming news of that have or not than also better and i always do it and when see there is news not so far than sure wait for news and if see its still far time then start to short trade.
Yeah forex can be traded better if we apply both technical and fundamental analysis.Many traders use only one of them but pro traders are those which uses both of analysis.