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    Thread: Which Type Of Analysis Is The Best for Forex Trading?

    1. #1
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      Default Which Type Of Analysis Is The Best for Forex Trading?

      In my journey as an aspiring forex trader I discovered some strong advocates for both fundamental and technical trading. Some argue that it is the fundamentals alone that drive the market and that any patterns found on the chart are simply coincidence. On the other hand, there are those who argue that it is the technical's that traders pay attention to and because traders pay attention to it, common market patterns can be found to help predict future price movements.

      My advice is as follows:
      1. Donít be fooled by these one sided extremists. One is not better than the other. Sturdy both the fundamental and the technical analysis and learn how to make use of them.
      2. Donít rely on just one.
      3. Learn how to balance the use of both the fundamental and the technical analysis, because it is one of the ways you can really get the most out of your trading.


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      Fxhunter12 (07-27-2019)

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      There is no one analysis style that is superior to trading Forex market because what works for one trader most not necessary work for another trader. you most need to know what analysis that is good for trading all by your self by practising and live trading with both fundamental and technical analysis for a long time like two to three years.


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      Onyechuku (06-21-2019)

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      Quote Originally Posted by waleolu99     
      There is no one analysis style that is superior to trading Forex market because what works for one trader most not necessary work for another trader. you most need to know what analysis that is good for trading all by your self by practising and live trading with both fundamental and technical analysis for a long time like two to three years.
      My dear waleolu99, thank you very much for your post. You are very correct, there is no one analysis style that is superior to trading Forex market. I appreciate your comet. I hope that those that are one sided in the argument will take the advice. Wishing you more profitable trading.


    6. #4
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      Hi dear mates of forum what is the best method of analysis for forex trading forex trading is used by retail forex day traders to determine buy or sell decisions on currency pairs it can be technical in nature using resource such as charting tool it can also be fundamental in nature using economic indicator and or news based events


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      Onyechuku (07-06-2019), Unregistered (1)

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      Quote Originally Posted by tjs5     
      Hi dear mates of forum what is the best method of analysis for forex trading forex trading is used by retail forex day traders to determine buy or sell decisions on currency pairs it can be technical in nature using resource such as charting tool it can also be fundamental in nature using economic indicator and or news based events
      Tjs5, thank you very much for your comment! I appreciate it, it is a good one. You are telling us to make use of both the fundamental and the technical analysis. Keep it up. Wishing you more profitable trading.


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      Three type of analysis are there in forex market technical fundemental and sentement all three are important but technical analysis is most required for good trading if some one analyse the market teachnically good they always remain in profit.


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      Post Good luck

      Hello!
      Nice question you have here!
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      According to my trading experience , both fundamental and technical analysis are essential for trading . Technical analysis is not sufficient to good trading , trader must apply fundamental analysis also . Most of traders are only applying technical analysis so they are not getting success in Forex . Don't avoid any of them , if both analysis show same result then take entry for trade .


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      As a result, technical analysis in forex is one of the most widely used types of analysis. Since FX is one of the largest and most liquid markets, the movements on a chart from the price action generally gives clues about hidden levels of supply and demand


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