2007-01-31 06:06:29 · 11 answers · asked by James S 1 in Business & Finance ➔ Investing
Which is better an arm or a leg? You need both, preferrably both of both, but my father lost one of his and did okay without the full set--but it was hard. The technicals keep you from buying or selling at stupid times, when the tide of trading is against you, it is against you and you lose. The fundamentals tell you, largely, why things may or may not go this way or that. Knowing the kinds of news and rationale behind the marketing movings explains or reinforces the technical, which is often the irrational and emotional side of the market. Just as what goes on between your ears, you have reason and passion and how you balance those makes all the difference. (BTW Forex is pretty chancy, even for accomplished traders, so be careful that you don't 'bet the farm', okay?)
2007-01-31 06:26:36 · answer #1 · answered by Rabbit 7 · 0⤊ 0⤋
The analysis method you use is a personal choice. Some people like fundamental analysis and some people like Forex technical analysis. The purpose will help you decide this. Both methods work well but if you're not sure, why not use both of them? If you want to find price trends, use fundamental analysis but if you are ready to invest, use technical analysis.
2016-03-28 22:31:24 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Actually its a little bit of both. But if you are like in and out of the market before a fundamental news can have any serious impact fundamentally, then use technical analysis. Say news for example. There will be millions of people reacting to the news base on their position and circumstances. And which news will have a fundamental impact only time can tell. It takes time for things to develop. However, if you are a position holder and can take a strategic view of things and dont mind the hourlies or even dailies and monthlys ups and downs and willing to go on the fundamental change that is bound to happen, then go for positioning. Even then, technical anaylsis is in place just look at a bigger time frame chart. Like monthly, quarterlies and time that with fundamentalism. Soon you ill figure out a style of your own.
2007-02-03 22:16:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋
A) In something like day trading the Forex markets, fundamentals are unimportant because the values change every second. It is a technicians ball game.
2007-01-31 08:30:18 · answer #4 · answered by Puzzleman 5 · 0⤊ 0⤋
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2007-01-31 06:57:20 · answer #5 · answered by Eric Gondek 1 · 0⤊ 0⤋
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2015-01-25 02:22:04 · answer #6 · answered by Anonymous · 0⤊ 0⤋
If you have to ask, stay away from Forex or just set your money on fire, it will last longer that way.
Look into technical analysis for stocks.
2007-01-31 06:12:18 · answer #7 · answered by Anonymous · 0⤊ 1⤋