Hello ..
I woult to talk today about something very important for all traders whatever was their trade profil ..
A lot of forex traders use TA to trade ( Indicators - Trends - Price action ....) , it is more correct and objectif for the short run because on the long run there is a high probability that the equation may turn , news can disturbe your TA !!!
FT factors ( consumer confidence , personal income , trade balance , employment situation , national product ... ) drive prices on the long run , So if you like to trade using TA try to avoid trading in the long run and trade only in the short term or we can say that FA is for the long run and TA is for the short term , keyns confirme that when he said " we are all dead in the long run " .
I'm sure that News , national or international trade statistics , political events can drive forex market , but the problem that make me choosing TA is how can I interpret FA datas ? , for the long term and short term ? How can I for example convert a balance trade statistics to a price value ? and let us assume that I can convert this FA data for a price value there is a lot of fundamental informations how can I make an homogeneous decision using them ?
In my account I'm with TA but fundamentalists has there opinions concerning my preference is that the datas we use are already history by the time we do calculations and they don't have any impact on the future prices ..
If you choose to trade using FA , how much time you will stay when you open a position ? At what price Can you scalp your profit , how much pips you will consecrate for your stop loss ? I don't know if the fundamentalists can respond these questions !!
NOW choose what is the best for you TA or FA !!
Tags : What's the best fundamental or technical analysis , technical analysis is the best , fundamental is the best , trade using technical analysis , trade using fundamental analysis , fundamental analysis , technical analysis .
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