who wins?
- technical
- fundamental
0 voters
I am a TA-only trader. The long-term time-frames I trade makes this easy for me, the positions and stops I run mean I can ignore the calendar for interest rate announcements, NFPR’s etc. Obviously, if these have an effect on TA, I sometimes need to act, even close a position.
However, as well as consulting the individual target’s chart, I also summaries what the other pairs with the same base currency are doing. e.g. if 6 out of 7 AUD pairs are bullish, I don’t often find I am short AUD. It can be argued that it is FA that drives the entire currency set, and its no coincidence that 6 of the 7 AUD pairs are bullish. I’m happy to go along with this, but there’s no point me sitting down and reading text books and all the news on the Australian economy and the BoA minutes and their unemployment and inflation reports - if these things are important they will move prices and I will see it in the TA anyway. If they’re not important enough to move prices, that level of research is a bad use of time.
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Can you recommend some nice comprehensive books on development of technical trading strategies?
there is many books out there start with bob volman and his books
Technical all day long……….but not trading around big news.
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Why? They give us great opportunity to make fast and easy profit you just need to find fast platform with powerful servers which will make possible to get around slippage problems (main enemy in news trading)
Whatever the condition of trading the most important is the forex broker legality. Don’t ever make any deposit to scam broker…
And keeping an eye on market sentiment of course.
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