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Answers (5)
Votes
A: Fundamental approach is very important in forex trading but keep in mind that technical aspects will alway take place first than fundamentals in forex trading
Votes
A: Majority of forex signals are using overbought or oversold indicators. The fundamentals are not used in these signals.
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Votes
A: Majority of forex signals are using overbought or oversold indicators. The fundamentals are not used in these signals.
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Votes
A: While fundamental aspects can affect trading, I believe most forex signal services based their analysis on technicals. Afterall, the fundamental aspects will always be reflected in price action. While fundamentals are important, I believe strongly in technical analysis and price action on the charts. So the best way to use forex signal in my opinion is to learn to identify your own signals setups on the chart. If you do, then you will take the trade at the moment your signal develop.
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A: Best approach is to use the charts i.e. technical analysis. And look at fundamental news just to confirm the trend in the chart or to see if there is any contradiction.
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This question was originally asked in Forex Trading - How To Recognize And Profit From Signals in Forex Trading
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