How Many people here are economist, just out of interest
Excel
krunfx De-Economist Speculatory (let's speculate the market move) 159 replies
krunfx De-Economist Speculatory 2 replies
Looking for an economist 6 replies
DislikedBasically I have read about alot of people saying that they have not made lost all of thier money, whilst some have due to highe risk gained large gains, what i want to know is that well does looking at the economics side of the forex market increase chances of profitability becasue alot of attention is given to technical analysisIgnored
DislikedThose who lost had no system in place.
Those who made probably had a system in place.
The question that you pose will have hundreds of different answers from various points of views.
Speaking for myself, I utilize fundamentals and technicals in my trades as I am a long term investor who holds onto his positions ranging from days to weeks and sometimes even months at a time.
Those who trade on a daily basis, trade mostly with technicals. I could be wrong (if I am, I will get grilled for it) but imvho, you will not find a scalper trading on fundamentals but utilizing technicals for his or her trading.
It all depends on your trading style. I recommend that an individual utilize technicals alongside with fundamentals and trade on the higher time frames such as Daily and Weekly charts in order to have a better chance of succeeding. All this does not happen overnight but rather takes time and patience to develop.Ignored