I’m trying to get an idea of the general balance between technical and fundamental analysis. I’m a newbie but hear me out if possible.
Based on what I’ve learned here and my warped memory of certain topics as the brain does, there are (spare me, its my level of knowledge) 3 ways of analysing the market , technical analysis, fundamental analysis and sentiment analysis. Sentiment analysis is out my scope right now as a beginner so I’m focusing on technical and fundamental.
In order to trade, you need to see the charts, you need to have a reason to trade right? I used to be the guy trying to find the golden indicator no one has ever found that will make me the most successful trader ever. It may exist but guys, I did not find it. It was looking for atleast 1-2 years. Save yourself the time , effort and frustration and just go through the course here, it’ll give you 1000* the worth of any ‘magic’ indicator we think we will find.
On the other hand I’ve been the guy looking on the outcome of every financial news event. For example a country ( I’m talking about a specific country from memory but don’t wanna bash any countries in any way so wont say which ) had 3-4 negative economic calendar accountments, market moved bullish hard for like 2 mins? then went straight in other direction :S ?
I’ve seen it happen a lot, its as if people (like me) see the news, make entries thinking yep, this is a sure thing, only for it to reverse and (probably like me) are about to blame the broker/forex on a whole/ karma /insert big bank when really its probably that psychology/sentiment part of trading taking place that we are not even aware of.
I’ve seen 80/20, 60/40 , 100/0, 0/100, 33/33/33 , from various sources.*
Technical analysis left/Fundamental analysis right
So I would like to present this question to the OG’s.
What do YOU recommend as the correct balance for fundamental/ technical analysis.
Once I’ve established a base here, my next topic will include sentimental analysis (which I suspect is the most important based on the nature of peer to peer systems & the nature of the discussed methods excluding automated and central players).
I hope I’ve made sense, and I hope there’s lots of interesting information here, thank you in advance.