There is no such thing as Technical or Fundamental Anaysis
Hi Everyone,
After watching the forex markets for quite sometime, I have arrived at the conclusion that there is no such thing as technical or fundamental analysis.
Its the big players like Central Banks, Investment Banks etc. who move the markets to their advantage.
If we are on the right side of the move, we attribute the success to some fundamental or technical analysis. Being human, we try to find a reason for everything. The same analysis/reasoning might fail the next day.
Re: There is no such thing as Technical or Fundamental Anaysis
Losers always have excuses or blame on something else, Winners always finds a way to attain their goal. Or you perhaps heard the same as this good old saying “Losers make excuses, Winners find solutions.”
Re: There is no such thing as Technical or Fundamental Anaysis
Quote:
Originally Posted by metal
Hi Everyone,
After watching the forex markets for quite sometime, I have arrived at the conclusion that there is no such thing as technical or fundamental analysis.
Its the big players like Central Banks, Investment Banks etc. who move the markets to their advantage.
If we are on the right side of the move, we attribute the success to some fundamental or technical analysis. Being human, we try to find a reason for everything. The same analysis/reasoning might fail the next day.
regards
Metal
What chart are you looking at (pair and timeframe),...what news are you listening to? Whats on your mind metal?
Re: There is no such thing as Technical or Fundamental Anaysis
Quote:
Originally Posted by Ageorge
Losers always have excuses or blame on something else, Winners always finds a way to attain their goal. Or you perhaps heard the same as this good old saying “Losers make excuses, Winners find solutions.”
Thats good advice. Mabey you can help us be the solution that he finds.
Re: There is no such thing as Technical or Fundamental Anaysis
Quote:
Originally Posted by Ageorge
Losers always have excuses or blame on something else, Winners always finds a way to attain their goal. Or you perhaps heard the same as this good old saying “Losers make excuses, Winners find solutions.”
Re: There is no such thing as Technical or Fundamental Anaysis
So the fact that when people including myself make consistant profit in forex based on trading using various technical indicators and fundimental analasys means nothing? My technical analysis is correct 70-80 percent of the time, but that is just random. If it were random then it woulkd be 50% of the time. And even if it is correcto only 50% of the time good MM could still make profit.
In conclusion, it is not random, but if it is I don't care cause I still profit .
Licensed Brokers
There is no such thing as Technical or Fundamental Anaysis
Re: There is no such thing as Technical or Fundamental Anaysis
Losers always have excuses or blame on something else, Winners always finds a way to attain their goal. Or you perhaps heard the same as this good old saying “Losers make excuses, Winners find solutions.” 
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