as a technical one. Fundamental analysis has its role, no doubt about this. There are technical analysis tools which are different from day trading strategies. With so many technical indicators available, they look for the holy grail. Furthermore, the ambition to succeed. Dont expect a straight line for your accounts balance. A few months later, they end up being disappointed. On the low and very low time frames, traders use technical indicators to buy or sell. Having said that, retail traders must understand the complexity of fundamental analysis.
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Based on that, a top/down analysis results in the right market positioning. For this to happen, a trader must have a trading system. Victoria Victoria, Mahe, Seychelles. This is where fundamental analysis kicks. They have both the time and resources needed to survive a small drawdown. Focus on the basics, like the interest rates and currencies relationship, and use the economic calendar.
Choosing the best method to inform traders about the available resources is not an easy task. The content of this article reflects the authors opinion and does not necessarily reflect the official position of LiteForex. One of the most powerful trading systems and strategies considers chart pattern recognition. Technical Analysis in a Forex Scalping System.