As we know Analysis in Forex trading consisting of 3 kinds of analysis, All I know is This 3 kinds of analysis relate to each other, but, which one You prefer? or maybe you use All of them ? ;)
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As we know Analysis in Forex trading consisting of 3 kinds of analysis, All I know is This 3 kinds of analysis relate to each other, but, which one You prefer? or maybe you use All of them ? ;)
In my experience in forex that 3 analysis are more important, a particular period one is best. Day by day forex trading you understand that when the situation which analysis is best. So practice more and more and never frustrated in forex trading, stay with forex trading, you must be success in near future.
i have been trading with using technical analysis as my method to know the trend of the market and i think there are many traders do the same thing with me,
and i agree if the fundamental is great methods then many traders get their good profit with it but for it need good ability to read the news and here is my weakness, i have to learn much about it and i want to combine technical analysis with fundamental, i believe that the results will be great
mostly all the traders will start with technical analysis and then it is followed by fundamental analysis.
and the dominant one is also determined by type of trading.
mostly scalpers will do technical analysis.
but i think all of them is important, actually when you do analyze with both technical and fundamental analysis tools you see the power :) each of them alone will be a weak tool to predict the trends and market
Actually i use 3 kinds of analysis depend on market condition.But normally i follow technical analysis.Although i follow technical analysis but sometime i use sentiment analysis.
Actually i prefer technical analysis most.By gaining experience from trading is helping to select what analysis best.
sure of course to understand fundamental news you need knowledge, It's not easy to mastered fundamental but once you know it you'll be able to raise your advantage in trading . If you ask me, which is more important I'll answer All of them is important, because All of them are the 3 pillars of Forex Market Analysis . Sentiment analysis is one we might be hard to understand or perhaps you never heard about it, but for me still the first of all, I'm using technical Analysis as entry decision and fundamental + sentiment as consideration . Still our mission is to reach profit as high as we can :yahoo:
for me firsty i use technical analysis it"s very importan for me because i determinet trend is he uptrend or downtrend and ressistance/suport . if i finished i use fundamental analysis for exemple taux , industry the news wish is important finaly i use sentiment analysis but just 20%
I use them all for my trading. For common time i use technical to help me decide entry trade. But in news time i will simply switch to fundamental analysis. And for sentiment, as long i know sentiment analysis we used everytime in our trade. Because sentiment connected with psychologi all trader and that can see in chart or moves after news.
the more dominant is the technical analysis because technical analysis is based on market conditions occur, while the sentiment and fundamental analysis is based on estimates, and the result will only be felt immediately after or before the news was released. whereas technical analysis will follow whatever happens on the market.