hi all, please a question for you all. which is reliable between fundamental and technical analysis, or can both be used at thesame time? thanks for your anticipated help.
For a beginner in the complex solution (fundamental + technical). Well, as they gain experience, you realize that all news adapt to the needs of technical analysis and fundamental analysis needs not.
Hey James, for now stick to the technicals. Fundamental analysis is a notch higher and you will probably need more years of study before you can get
Technical Analysis is more easier to begin with. As for fundamental analysis, you need alot of study and more years to know all there is. Pretty cool is that you can use both method to your advantage when you’ve mastered both. However, in order to use technical analysis to your advantage, you must learn the fundamental basics.
i agree that technical is preferable especially for newbies, but isn’t good to know what happens around and how they affect the market? that which is fundamental, just saying. if you think otherwise plz post.
I think there are different types of technical and different types of fundamental analysis, and you can’t just lump them into one group.
That really depends on the trader. Some like to use fundamental analysis which I view as utter waste of time being a technician myself. See which camp you feel closer to and then study that approach. Keep in mind that trading is not science, it is an art form. Regardless which one you chose, as long as it works for you do not let others talk you out of it.
That is something of a loaded question… they are both equally reliable and unreliable. If you are position trading, expecting to hold for months at a time then fundamentals reign supreme. If you are scalping on the 5 minute chart fundamentals are all but useless. Technical analysis is “more reliable” on shorter time frames as you are looking for very short term price movements and not a long term trade based on interest differentials, quarterly GDP reports, etc.
I trade almost exclusively using technical analysis but would never deny that those well-versed in fundamental analysis may often have a huge advantage – comparing the two is almost like comparing a telescope to a microscope. Both can give you great insight. But what exactly are you trying to see? The big picture or a small, focused slice of the market?
You can do position trading with a much shorter time-fame in mind, it does not have to be a few months.
I can’t entirely disagree but we are probably just mixing definitions. I have always defined the trading styles/timeframes as:
A scalper aims to garner a few pips over a few minutes to a few hours.
A day trader shoots for a handful of pips over the course of a few hours to a day.
A swing trader holds a position longer than a day and will hold up to several weeks (or more if the particular market swing is still favorable) looking for a moderate amount of pips.
A position trader attempts to hold for an extended duration, readjusting the portfolio on a quarterly basis while trying to edge out major market indexes.
A position trader, as I understand the term, who routinely closes out positions before a quarterly re-evaluation, is more of a swing trader since he would be attempting to capture longer term market swings instead of position himself to take advantage of long term market dynamics (ie, fundamentals) which should give a small, long term edge to one currency over another.
If you ask a fundamental analyst he will tell you technical analysis is a waste of time, if you ask a technical analyst he will tell you fundamental analysis is a waste of time. As you see it depends on the trader so you need to figure out what works for you 
thank you all, from what am seeing far, i think technical is preferable for now. but what i can’t seem to understand is the fact that we can use historical data to determine the present price.
Alright, we could have mixed up our definitions but in general try to make the same point
Technical analysis is better than fundamental analysis but it is a bit tricky, you need to learn one simple method and master it to make money from trading. But you cannot neglect news. Its just that you need to know to avoid trading near news time.