Fundamental analysis

Nov 27, 2020 at 06:17
823 Views
11 Replies
Member Since Jul 19, 2020   298 posts
Nov 27, 2020 at 06:17
Fundamental analysis helps a trader lot. But you have to give enough time to learn it. It's a big syllabus. If you have that much willingness, dedication and time, go and study. You just can't be an expert by reading few things. I personally prefer technical analysis.
Member Since Dec 28, 2020   187 posts
Jan 04, 2021 at 06:36
Agreed fundamental analysis is quite important for trading. To be a successful trader it is important to know about the fundamental and technical analysis both.
Member Since Feb 24, 2020   4 posts
Jan 04, 2021 at 09:28
A good trader's arsenal of knowledge should include knowledge and ability to use both technical and fundamental analysis. This is the basic knowledge that helps in his work.
Member Since May 24, 2020   112 posts
Jan 04, 2021 at 09:48
I agree with the belief that two types of analysis need to be known and understood to be effective
Member Since Jul 20, 2020   298 posts
Jan 05, 2021 at 01:11
Many professional traders do fundamental analysis. They have achieved success by doing fundamental analysis. But it is very important to have a real idea about it.
Member Since Nov 03, 2020   65 posts
Jan 10, 2021 at 17:03
Fundamental forex analysis is the basis, the foundation for the study and forecasting of the market. It is the fundamental events that set the nature and direction of movement of currency quotes.
Member Since Jul 19, 2020   318 posts
Jan 10, 2021 at 19:41
Every trader wants to become successful in this market. But it is not easy at all. If you want to become successful in the forex market, you need to make a proper plan and strategy. Without a proper strategy, you can not survive in the market.
Member Since Feb 04, 2021   35 posts
Feb 08, 2021 at 12:23
It’s true that fundamental and technical analysis is a vast topic and demands learning with discipline and patience. If you are successful in understanding the fundamentals and technicals of any currency pair, you’ll always be a step ahead
Member Since Jul 23, 2020   869 posts
Jun 04, 2021 at 11:07
I also agree with you both are important. But many neglect the fundamental term.
Member Since Jul 19, 2020   751 posts
Jun 05, 2021 at 12:03
Both fundamental and technical analysis are important. But fundamental analysis needs deep knowledge of economy of a country whereas technical analysis is chart based.
Member Since Jul 19, 2020   751 posts
Nov 06, 2021 at 13:01
@RobSchiz Yes technical analysis is very important for online forex trading. But if anyone can combine both technical analysis and fundamental analysis together, he can do better.
Member Since Jul 19, 2020   751 posts
Dec 09, 2021 at 07:22
Fundamental analysis can be lethal with technical analysis. The combination of both is unparalleled. But you also need a solid mindset.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.