Some traders prefer fundamental analysis (the analysis of Forex market situations by analysing global economic news and the outcome being used in their trading activities) while some believe in technical analysis (analysis of the Forex market situation through the usage of technical tools such as indicators).
I believe so much in technical analysis and it has been working for me excellently so far. I've got no regret whatsoever.
Which of the two forms of Forex market analysis do you prefer? Why do you prefer it?
In my opinion, both of them play a very big role in our analysis, technically we can make references with a number of indicators that we think are compatible with our character, because in my experience with technical analysis I became more confident in trading and calmer in taking positions, in the other side we combine with our fundamental analysis, this will further strengthen the market analysis that occurs, so that our open position is closer to perfection, but we still consider the risks in trading while still calculating our financial management.
Thank you.