Is fundamental analysis important?
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I have seen many traders (almost all) emphasizing on techincal analysis ignoring fundamental. Technical or PA is considered to be the best way to succeed in forex. If u go to a forum and compare discussions on technical analysis topics with fundamental analysis topics, it will be like 50 to 1 or maybe more.
Does anyone here use fundamental analysis in his trading? Do u think fundamental analysis is important in trading?
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I have seen many traders (almost all) emphasizing on techincal analysis ignoring fundamental. Technical or PA is considered to be the best way to succeed in forex. If u go to a forum and compare discussions on technical analysis topics with fundamental analysis topics, it will be like 50 to 1 or maybe more.
Does anyone here use fundamental analysis in his trading? Do u think fundamental analysis is important in trading?
Yes, but only for longterm trading. For scalping it is of ZERO importance and for day trading it is of little importance. Economic factors move currency but there affect is slow.
Stick to your rules
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Indeed its very important as essential specialist provides a details review of changes in price of foreign exchange on the basis of governmental and cost-effective principles and issues.
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It is important but as uniquetrader said, it doesnt affect scalping or day trading much. It is important for traders who do news-specific trading or for longterm traders who keep their trades open for a month or 2 or more.
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Originally posted by forexmetal2015Indeed its very important as essential specialist provides a details review of changes in price of foreign exchange on the basis of governmental and cost-effective principles and issues.
Hello,
Do u use fundamental analysis in ur trading? If yes, which sources u use? I am really interested in finding some good sources for fundamental analysis.
Stick to your rules
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Originally posted by ChampI have seen many traders (almost all) emphasizing on techincal analysis ignoring fundamental. Technical or PA is considered to be the best way to succeed in forex. If u go to a forum and compare discussions on technical analysis topics with fundamental analysis topics, it will be like 50 to 1 or maybe more.
Does anyone here use fundamental analysis in his trading? Do u think fundamental analysis is important in trading?
If u can interpret news successfully then u should use it to ur advantage.
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Yes, it is. Seems you are an amateur. I suggest you register at forexmetal. They offer the best you can get in the forex trade.
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Originally posted by binufrancisYes, it is. Seems you are an amateur. I suggest you register at forexmetal. They offer the best you can get in the forex trade.
What doest it mean?? an amateur and registeration at forex metal? I understand that u want to say forexmetal is providing best service. R u one of forex metal representatives or a trader?