Currency Analysis

1. 61

   Gordon G.posted 13 years ago

   What do you find is the best method for investing in currencies? Purely technical, purely fundamental, or a combination of both? I'm still new to the forex market and was thinking about running on technicals alone.

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   1. 60

      iwancahyoposted 13 years agoin reply to this

      I'm usually mixed with 70% for technicals analysis and 30% fundamental analysis

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   2. 61

      chamiljposted 13 years agoin reply to this

      I use both 50: 50. We can't use technical only.

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   3. 59

      paradigmsearchposted 13 years agoin reply to this

      My jar of Canadian quarters suits me just fine.

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   4. 60

      4closurefraud32posted 13 years agoin reply to this

      i go for the more technical - if you know how to read charts and to proper chart analysis, especially candlestick charts and the 5, 10, 15 minute ones it really helps!

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2. 60

   forexturtleposted 13 years ago

   I've been trading for about six years and I have flip flopped between the two.  Now I have come to realize that you can't separate the two.  My technical analysis has improved since I started developing my own indicators.  I rely heavily on the data those indicators are giving me but I am also keenly aware of market fundamentals.  An unexpected turn of events in the marketplace can completely invalidate technical analysis.
   
   I start my trading day the previous evening by previewing the economic reports for the following day.  If I think a surprise might be in the works, then I wait for the report to be published before opening any new positions that might be affected by it.  For example, I never trade the day of non-farm payroll - too unpredictable.
   
   Again, for the most part, I rely on my technical analysis to give me an indication of where the opportunities might be but I always view it through the prism of the fundamentals.  They go hand-in-hand.

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3. 58

   giaodichforexposted 13 years ago

   i think fundamental is best.

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