Personally, I trade according to the signals BUT I also look at the charts (Bollinger Bands are my favourite indicator). How do you trade?
Personally, I trade according to the signals BUT I also look at the charts (Bollinger Bands are my favourite indicator). How do you trade?
I look at the fundamental for longer term pic to minimize the risk.. I use technical chart to enter a position on short term & scalp..
anyone to tell about the fundamental analasys???
and I want to learn more so anyone knows how it work??? and please give examples
Yes I`m interested too. See the open signals of the fxegypt home page, those are fundamental analysis....
i'm really interested with the fundamental, they move the markets, and sometimes break a technical analysis,
but they are also a bit of manipulated i guess, because for some time, a good news is not ALWAYS a good news..and so the contradictions..![]()
to be able to profit consistenly in forex market, i think we have to have knowledge of both fundamental and technical trading. my favorite is combining news trading with fibonacci support and resistance
The fibonacci numbers, where the natural laws meet the forex market, it's been said that fib ratio also applies to a vast law of the natural thing, a quotations of our iq and our bones, measurement of our hands and our body..
combining fibs and the news should give a positive results i guess, but then again, we need to get a good news analysis built within us..
the key is, to learn and adapting to the market changes..
I am not a professional trader, and I am not being modest, but as far as I have read and heard and seen, it is very much advisable to use both fundamental and chart analysis.
I personally tend to analyse the charts first, then double check my results with fundamental data, then double check it back to charts...
Fib and fundamental can work together, but i would still implement some other system to back it up (just incase).
Any suggestions or corrections are welcome.
You are right Nicky. There is no perfect method. One must use the various methods and then end up using obly the ones he is comfortable with. One cannot say that fibonacci or elliot is the perfect method. each one has its advantages and disadvantages
My simple strategy is only Bolinger Band and Stochastic in daily chart, You can see that price will rarely go out of band. That's what I use everyday. I ahev already been bored of thousand complex strategy that we can freely get in some forums. And at the end I come to conclution that the simpler the better. You can try my strategy and you will make pips.
Nic
1 ema and 1 macd.
4H and Weekly.
no more.
relay more on the price itself, its movements, price is the best indicator
chart ones, because i choose technical analys
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