Hi Traders
Recently I went to a trading seminar, The training person said
1.You can either trade using tech analysis or fundamental analysis.
2. You only need to concentrate on one and NOT both.
Is that really true?
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sometimes the fundamentals can affect your technical analysis though
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Your going with Technical Analysis Right
I mainly use technical analysis, but I always look at the news daily to see if there are any high impact news events going on, because depending on what it is I tend to avoid trading during those times. Itâs mainly the âhigh impactâ news where itâs the most volatile
May i know the other ways you follows to catch the trend??
In a simplistic manner, yes, it is true.
With fundamental analysis you are focusing on the factors that influence currency movements and attempting to intrepret how they are likely to affect price. E,g, inflation rates, interest rates, retail sales, Central Bank policies, employment data, etc. These are naturally long term factors and this kind of analysis is normally most suitable for longer term positional traders. With this approach it is particularly difficult to precisely define entry and exit levels and, of course, each currency pair involves 2 currencies each with its own specific fundamental factors.
With technical analysis, you are focusing on price and what that price is actually doing and how it is reacting to whatever fundamental or other influences are currently relevant. In other words, you are not interested in the fundamental data itself, but how the price is reacting to it. With this approach it is easier to identify more precise entry and exit levels and is more suited to shorter time frame trading.
But even with pure technical trading, it is wise to follow when important data is being released as it may often have a major and rapid impact on current price.
Just some thoughtsâŚâŚâŚâŚ.
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I agree with you⌠Cheers⌠Your opinion is to follow fundamental analysis for long term trade and to follow technical analysis for scalping and short term rightâŚ
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Actually, not quite! 
I think it is wise for fundamental trader to also use technical analysis of some sort as an additional tool.
If one forms an opinion that,for example, the USD is going to appreciate in value as a result of, say, improving business environment and interest rate increases then it is still a good idea to use some kind of technical analysis to indicate when and if the price move is actually occuring - and when it seems to have exhausted itself.
In practice, I think it is good practice to use whatever tools are helpful. There is no need to categorise things into one camp or another. Just evaluate what is helpful and what is superfluous and just stick with what works for you!
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But these tools and indicators never help me like my own strategies, So I am trying with my own strategies and predictions, Whats your opinion about this?
If they donât help you then, for sure, donât use them! 
Trading success is more about the trader than the method itself. If you are comfortable with your strategies then concentrate on them with confidenceâŚas they say: why mend what isnât broken!
I am scalper Can you give me some suggestions, Which risk-reward ratio is the best and the best time to trade.
How can I get access to fundamental analysis
I canât answer that because I am not a scalper. But I would imagine that active market sessions offer more opportunity than quiet periods and that your R:R should at least relate to your success rate. E.g. if you trade success rate is around 50% then you know you need a R:R that is better than 1:1!
Maybe others here who do scalp can offer you better advice and experienceâŚâŚâŚ
One place to start is here:
Today is as good as any, choose United States, then look at say Business Confidence, also job vacancies, offers etc.
Itâs all there for study
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Indeed, most people concentrate on (and âbelieve inâ) one or the other but you can benefit from both if you can find a way to combine the insights gathered from these two information sources.
Being a scalper, Its difficult to schedule the time for both analysis. What you think about it James?
I believe that it is critical that you use both. My trading decisions are about 80 percent TA and 20 percent fundamental analysis. The FA side has kept me out many risky high/low volatility situations.
I chose business confidence for a reason - if you look at the last 3 months it gives a sense of how business is feeling in the US, if confidence is high then likely to hire more.
Next month watch it closely, see if the trade war thing impacts, will be released before NFP.
One other thing that is interesting - an entrepreneur will view money as a tool, if he/she needs to use it and doesnât have it - well simply rent it - check out US Govt borrowing and spending.
In Europe conservative politicians generally espouse âausterityâ, which means cutting back government spending, increasing taxes - socialists often call for the opposite.
Hmmm⌠the difference in having a business person in charge.
Image - tradingeconomics.com
the trouble with technical analysis is that the market big players get it first.
You are right sometimes fundamentals are so strong that they have potential to shake your technical. But yet importance of technical can not be ignored.