Technical and Fundamental Analysis - I,ve found an Excellent Post
15 April 2007If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
While browsing throught the net I found an excellent post that gives preliminary introduction to technical and fundamental analyses. This post is published in David’s System Trading Blog and it is entitled Forecasting Forex Trading : What This Means for You. The post talks about price forecast and how technical and fundamental analyses are used. Of course we know that all traders use both the methods to some extent.
In future posts I plan to elaborate more on technical analysis. There are many ways of analysing price movements and you cannot say which is the best. Each analysis has its own usefulness and the trader should adopt what suits his temperament. It is my experience that consistently following a definite strategy works out well in the long run. Jumping from one system to other and taking ad hoc decisions can be disastrous.
Market sentiments have a strong bearing on the prices. If you wish to take advantage of market sentiments you have to rise above them and view them impartially. Technical analysis can help your do that. You will be able to foresee how the market is going to behave. And this is the information you need to make a profit.
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price movement, fundamental analysis, technical analysis, forecasting forex trading, market sentiments
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