Can I trade mostly based on technical analysis?

This is a discussion on Can I trade mostly based on technical analysis? within the Forex forums, part of the Markets category; whatever works best at the time .............as long as you are tuned to your specialised market then go with the ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Jan 6, 2017, 3:15pm   #31
NVP
 
NVP's Avatar
Joined Jun 2004
whatever works best at the time .............as long as you are tuned to your specialised market then go with the flow

if you are not tuned in ........then you may as well spin a coin .........

N
NVP is offline Coach/Trainer   Reply With Quote
Old Jan 10, 2017, 9:27pm   #32
Joined Feb 2016
If anyone follows technical analysis then they should be more careful during the news release as these technicals can sometimes goes wrong during the unpredictable news impacts on market.
progix is offline   Reply With Quote
Old Jan 31, 2017, 8:45am   #33
 
2 Posts
Joined Aug 2016
Pillars for Trading

Technical Analysis is good but to be successful in trading it is consider only a quarter section of the pillars in trading.

4 Trading Pillars

1. Fundamental Analysis
2. Technical Analysis
3. Money Management
4. Trading Psychology

Hope this helps you guys.
XFIfx is offline Trading Strategy Services   Reply With Quote
Old Feb 3, 2017, 7:33pm   #34
 
5 Posts
Joined Feb 2017
No doubt, technical analysis is useful! But, donít rely on only technical or fundamental! If you want to make money consistently from this financial market then you have to work with both of them! But I see, most of the novice traders are interested on only technical analysis!
Jake Doran is offline   Reply With Quote
Old Feb 7, 2017, 7:45pm   #35
Joined Sep 2013
If you ask a question is it possible to trade basing decisions solely on price action, the answer is yes. I rarely use anything more advanced than S/R lines or better a principle of "buying at lows selling at peaks"
gerryg is offline   Reply With Quote
Old Feb 8, 2017, 4:53pm   #36
Joined Feb 2017
of course you can, but I am not sure it's a good idea, cause the first news will blow your account. or make a great profit it depends on your luck man
Shaari is offline   Reply With Quote
Old Feb 23, 2017, 5:34pm   #37
Joined Sep 2013
Trading can be successfully based on simple S/R levels as shows experience of my fellow (also not sure if its easy as it looks like, maybe there are also some nuances as well). But I prefer to analyze market from fundamental side as there is now place for your fancy to play tricks with you as you can find thousands of patterns that has unknown winning rate.
gerryg is offline   Reply With Quote
Old Feb 28, 2017, 4:35pm   #38
Joined Jan 2017
Technical + fundamental always. No other way.... as another way leads only to losses
it's a working system and you can't just throw away its part.
Of course, people do it , but...
Haffizz is offline   Reply With Quote
Old Mar 16, 2017, 3:59pm   #39
Joined Feb 2017
Quote:
Originally Posted by Haffizz View Post
Technical + fundamental always. No other way.... as another way leads only to losses
it's a working system and you can't just throw away its part.
Of course, people do it , but...
I'd even say that a trader doesn't need to be a professional fundamental analyst , but at least he should be aware of the main upcoming events on the forex market
I got it after I nearly lost 305 bucks in a careless trade !!!
Shaari is offline   Reply With Quote
Old Mar 20, 2017, 4:55pm   #40
Joined Sep 2016
Yes , Certainly why not.. provided you must be good in understand Candle Sticks and Chart patterns.
FxTim is offline   Reply With Quote
Old Mar 27, 2017, 12:36pm   #41
Joined Jan 2017
Quote:
Originally Posted by Shaari View Post
I'd even say that a trader doesn't need to be a professional fundamental analyst , but at least he should be aware of the main upcoming events on the forex market
I got it after I nearly lost 305 bucks in a careless trade !!!
Of course he doesn't
I'm sorry that you lost that $305, hope it wasn't your last money
Anyway, events should be always kept in mind. It's even better not to trade at all during them
Haffizz is offline   Reply With Quote
Old Mar 30, 2017, 2:49pm   #42
Joined Feb 2017
Quote:
Originally Posted by Haffizz View Post
Of course he doesn't
I'm sorry that you lost that $305, hope it wasn't your last money
Anyway, events should be always kept in mind. It's even better not to trade at all during them
No, it was not last, but nearly last... I was happy to save a bit more then $100 bucks
Shaari is offline   Reply With Quote
Old Mar 31, 2017, 5:48am   #43
Joined Mar 2017
Not a forex trader. I only trade stocks, because it's easy and has the fewest risks.
People tend to believe they can use a small amount of money to make a fortune, and this is how forex brokers use to lure customers. However, it's quite impossible simply due to the nature of price movements in Forex: price changes 0.0001 per trade, therefore it's abnormal that you would make more than 2% a day even if you kept trading and winning all that day.
I'm not sure if technical analysis works in Forex. It was invented in the stock market, which has less government involvement than Forex. I don't think technical indicators will perform fine in manipulated markets.
3wnl is offline   Reply With Quote
Old Apr 4, 2017, 12:49pm   #44
Joined Sep 2016
Yes off course you can trade Fully based on Technical Analysis as I have been doing it for Years now.
FxTim is offline   Reply With Quote
Old Apr 6, 2017, 12:20pm   #45
Joined Sep 2016
Yes. you can however you need to be careful in learning Forex properly and then practice it Well before invest real money into Forex market.
FxTim is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
any university researched based course on technical analysis ? Commodity_Trader Technical Analysis 40 Jan 9, 2015 2:37pm
What technical analysis fits: One trade per week? Persson121 Technical Analysis 20 Nov 5, 2012 6:00am
How to create a forex strategy based on technical analysis skyvia Forex 0 Sep 3, 2010 6:56am
My first trade - critic my Technical Analysis mray Technical Analysis 7 Jan 22, 2009 3:40pm
"Evidence Based Technical Analysis" by Davir Aronson Directional Educational Resources 5 May 24, 2007 2:13am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)