I don’t think it’s really that easy to do fundamental analysis, as there is a lot to do with it. We need to have a lot of knowledge and more so, it is about the experience.
If we have that then only we will be able to do fundamental analysis. But there is little doubt that it is the BEST way of analyzing if you could do it accurately.
I mostly use technical analysis, as it’s a lot simpler and I have better understanding of it. I am learning to do analyzing with every way possible. I don’t think we should really go on with just one way instead we should look for multiple ways to trade and that include using all kind of analysis. So right now, I am using technical but I am work in progress for other stuff like Fundamental analysis.
In my view, it holds seriously great value for traders. If you could do fundamental analysis accurately then you are almost on with becoming a major success.
However, it is extremely tough thing and there are not too many people who are able to do it well, at least not in a consistent way. That’s why it takes years and years of practice, hard work and effort to be able to master it!
I think most people who have experience will be able to use fundamental analysis, but if anyone is just starting up, then it will be almost next to impossible to work out on the fundamental part. So, we just need to make sure that we have a really solid strategy behind even with doing fundamental analysis, as that will work as the backbone for us.
Everyone who wants to be successful will be using Fundamental analysis, as it is a very much safe bet. However, it is very much obvious that this is no kids’ playground and if we are not careful then it could be highly damaging to get it wrong. So, that’s why we need to be on the mark with these things.
DDRB, that is right but I don’t think you will be successful just because of doing Fundamental analysis. It is about balancing act that will take you towards successful phase.
So, we need to make sure that we work out everything in balance approach or else it will be extremely risky and will not be able to gain much through it.
I use every type I could. As I am well aware that success is achievable only with following up of market. And that with dedication and passion instead of getting impatient. I love AMZN forecast following, which is very steady route of making some profits IF you are uncertain about things.
But yes, you just need to ensure to have the right timing going, as wrong entry often leads to stuck stiuations, which is just not what anyone will wish.
Anyone with common sense uses it and not just fundamental analysis, but any type of analysis. It is just impossible for anyone to be successful if analysing is not done properly.
And it should be for all types not just one specific way, as that’s only way success will be possible. I do it a lot easier with FreshForex, using their Market Analysis, which is extremely helpful.
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