FUNDAMENTAL OR TECHNICAL..WHICH DO YOU PREFER???

neotrend · Newbie Joined: Feb 23, 2011 Posts: 9

A whole lot of Forex traders get confused when it comes to choosing between this two (fundamental or technical). some have even tried both concept together but their trading result was'nt still fruitful. The question now is that why is it so?. WHICH ONE WORKS FOR YOU OR IS IT THE COMBINATION OF BOTH?
Have a splendid time trading.
neotrendfx@yahoo.com
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JacqStone · Newbie Joined: Jul 27, 2011 Posts: 134

Fundamental analysis provide the most significant information to traders. Economic indicators illustrate the detail of a country's economic performance whether it has improved or declined. Technical analysis is done based on previous and current information. Technical analysis focuses only on charts and do not take other precise factors into consideration. A good trading system must make use of both technical and fundamental analysis.

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