Hi, I’m Vinojer, and I am pretty new to Forex. Just found the BabyPips site and loving their school of forex, I think it is very complete and very well written.
As I am new, I have become a great believer in Fundamental Analysis. How does everyone feel about this? It seems to me that most traders tend to be believers in Technical Analysis. How many people out there are into Fundamental?
Welcome to Babypips. I’m a believer of both fundamental and technical analysis.
Here’s how I craft my trading plan (as taught by my mentor Mr Mario Singh of FXPRIMUS) - suitable for fundanical analysis as I called it A trading plan should include, but is not limited, to the following:
A daily trading routine
Sources for market news and events for an overall market view, to form a fundamental analysis
Chart time frame for analysis and time frame for entries and exits, to form a technical analysis
Entry and exit criteria
Market conditions to trade in, e.g., trending market, ranging market, significant news events
Trading strategies for the above market conditions
And i believe both technical and fundamental too. Hmm, maybe we can move forward by write all of our progress into several book. First to keep ourself consistence and not give up in the middle i think.
Lot of people cant differ between games or business on fx. Let time goes by, and we will know it
[QUOTE=“Mikepip1;449211”]Welcome to Babypips. I’m a believer of both fundamental and technical analysis. Here’s how I craft my trading plan (as taught by my mentor Mr Mario Singh of FXPRIMUS) - suitable for fundanical analysis as I called it A trading plan should include, but is not limited, to the following: 1. A daily trading routine 2. Sources for market news and events for an overall market view, to form a fundamental analysis 3. Chart time frame for analysis and time frame for entries and exits, to form a technical analysis 4. Entry and exit criteria 5. Market conditions to trade in, e.g., trending market, ranging market, significant news events 6. Trading strategies for the above market conditions 7. Currency pairs to trade and pairs to avoid 8. Market conditions to stop trading 9. Mental conditions to stop trading 10. Amount to risk per trade – i.e., money management[/QUOTE]
Hi Mike, could you Pm me pls? Need to check with you something. Thanks!