Is technical analysis is enough to get the success in the trading ?
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Thread: Is technical analysis is enough to get the success in the trading ?

  1. #1
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    Is technical analysis is enough to get the success in the trading ?

    I want to know form the professional traders that the only technical analysis is enough to get the success in the trading or we need the fundamental analysis also in the trading to get the success and with out analysis we not get the success?

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    Well technical analysis is the core of analysing the currency market, because its with technical analysis you'll be able to tell the trend,important price levels and support and resistance levels and finally the strength and weaknesses of a currency pair but its also important that.you keep an eye on fundamentals to avoid sudden volatility.

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    i think that technical analysis is enough for a lot of traders because it helps the trader to read the chart and apply his strategy for trading and so this help him to trade in the proper positions and time,there are many other methods that may be better than technical analysis but it may be more complicated ad so it may not be suitable for may traders especially the beginners

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    Well technical analysis is the core of analysis of the currency market.. because its with technical analysis you will be able to tell the trend and important price levels and support and resistance levels and finally the strength and weaknesses of a currency pair but is also important that you keep an eye on fundamentals to avoid sudden risk so that you can avoid from loss.

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    No,i don't think that technical analysis is enough to get the success in the trading.But with proper technical and fundamental analysis analysis,we need good planning,knowledge and experience about the market.Fresh and cool mind,need emotion free to trade successfully in this Forex trading business.

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    We can get success by technical analysis if we avoid trading during major news session because during the major news events the pairs move violently without any indication and if we have trades only on technical basis then we are going to get serious losses so it is always better to have the knowledge and analysis from both ends technical as well as fundamentals.

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    we can get success using both technical analysis and fundamental analysis to trade the market,personally i believe if one want to really enjoy doing this business one need to apply both analysis to trading pattern this is the only i think one can make constant profit in this business

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    No technical analysis can not give you success in this business because if you will depend on technical analysis so then you will fall down into market.. if you want become a expert in this business then you will depend on your experience and on education..

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    Technical analysis is not enough to get the success in the trading . In the Forex trading business,fundamental analysis is the necessary . if you will depend on technical analysis so then you will fall down into market .If you want to become a expert in this business then you will depend on your experience and on education .

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    As Forex market is an individual perception, so different traders have different trading strategy, some trader want to do intra day trading, some love to do swing trading and some do purely for long term purpose, as per the trading style analysis also differ from trader to trader.
    Some do technical analysis, some do just moving average calculation and some go for fundamental analysis.
    So as per your trading position and strategy choose your analysis style.

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