There is a huge debate between traders on which is better between the two , from my personal experience as a trader you must be able to use both types of analysis and have a form a balance between the two. Charts are a leading indicator for fundamental analysis. FUNDAMENTALS give an idea of which financial instrument to buy/sell , TECHNICALS give an idea of when to buy/sell. Like the ancient YIN/YANG (complementary forces) concept , for traders to reach a state of profitability and stability in their trading they must incorporate both types of analysis in their trading plan. Knowledge makes you a logical trader not a emotional freak , psychology determines if this business is your thing or not.
Comment:
yinyang
Trade closed: target reached:
Knowledge makes you a logical trader not a emotional freak , psychology determines if this business is your thing or not.
