I have seen, in Forex industry there has only two main pillar and they are technical and fundamental. So, when traders come to trade then they should make their analysis on technical and fundamental basis way. But according to my observation, I have seen most of the Forex traders are more interested on only technical. Actually, I don’t know why they are not interested on news trading! On the other hand, there have some different type of traders who trade only based on high voltage news’s. By the way, I believe it’s not a professional thinking if we depend only one particular type of analysis.
Because, I see professional Forex traders has both types knowledge. That’s way, they can identify market trend very easily. In addition, they are able to realize the nature of Forex market because of their pure knowledge on technical and fundamental. By the know, technical analysis doesn’t mean only indicator based trading. Because, which traders has good knowledge on technical analysis they can realize the relation between supply and demand of market just observing candle formation of Forex market. On the other hand, to be a good performer on news trading, traders need long time trading experience. So, now my question is, do you use both of them or not?