forex trading technical analysis
Which one is better in Forex Trading ? Technical or Fundamental Analysis ? Why ?
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?)
Forex News and Technical Analysis by FactoryClick.com 28 September 2009