What is your belief for forcasting?

[Jamesjohn]

what school of thoughts you believe? fundamental or technical? i always believe
on fundamental analysis for forecasting. focusing on economical factors and getting my results best, what do you thing is it right????

 

[jasonchanning]

Rumors are even better!

 

[hgh]

the facts. lots of the facts make up the truth. We find the trend through these facts and try to make the pic clear.

 

[Trader333]

the facts. lots of the facts make up the truth. We find the trend through these facts and try to make the pic clear.

The problem is that this just doesn't work.

 

[rathcoole_exile]

here we go again...........

 

[the hare]

forecasting.. its a mugs game

 

[ramesh10]

i agree to one thing on this thread. it is that lots of facts make up the truth. and lots of rumors can make up a truth too.

 

[NVP]

what school of thoughts you believe? fundamental or technical? i always believe
on fundamental analysis for forecasting. focusing on economical factors and getting my results best, what do you thing is it right????

the market is the only thing thats ever right .......so start there 😉

N

 

[neil]

i agree to one thing on this thread. it is that lots of facts make up the truth. and lots of rumors can make up a truth too.

I was going to write a reasoned rebuttal to your premise but I think "Utter Bollox" should suffice.

 

[chinabean]

lol, so when rumours are spread by someone trying to get out of their position that means the (perceived) truth is actually a lie........hmmmmm!! Although, to be fair, you did say "can make" rather than "make" but then lots of things "can" do something!

oh btw lots of facts do not make a truth, you connect the dots....... think about the example given in stats 101 re ice-cream consumption and the murder rate..... just saying!! 😉

Economic fundamentals will only take you so far as they often take a long time to filter through. Fundamentals in terms of understanding how a central bank might act (rather relevant at the moment) or what a market should do after a piece of data, speech or exogenous event can allow for forecasting. Technicals can be just as predictive (if used correctly). Different horses bla bla bla!! I use both personally, I know some people that are purely fundamental in their approach and don't really care about levels etc whilst I know others that are purely systematic in their approach. Guess it just depends on one's strengths and what suits.

Just my tuppence!! 🙂

 

[forever_young]

I believe both in fundamental and technical analysis but for now I definitely can't use fundamental fully, because of lack of knowledge...Yeah, you may not believe in forecasting, but you can believe in its power for market))

 

[holmes16]

i always find it easier to sleep at night when my decisions are routed in the fundamentals. however, one could argue that the technical analysis stems from market psychology, and that psychology is of course fundamental.