Are you a technician or fundamentalist

There's a tendency to pigeonhole traders into two distinct schools:

fundamental or technical. In fact, most smart traders favor a blended approach versus being a purist of either type.
Fundamentalists need to keep an eye on signals derived from price charts, while few technicians can afford to completely ignore impending economic data, critical political decisions or pressing societal issues that influence price action.
Forecasting economic conditions using models
Fundamental analysis is very effective at forecasting economic conditions, but not necessarily exact market prices. Studying GDP forecasts or employment reports can give you a fairly clear picture of an economy's health and the forces at work behind it. But you still need a method to translate that into specific trade entry and exit points.
The bridge between fundamental data and a specific trading strategy usually comes from a trader model. These models use current and historical empirical data to estimate future prices and translate those into specific trades.
Beware of "analysis paralysis"
Forecasting models are both art and science, with so many different approaches that traders can get overloaded. It can be tough to decide when you know enough to pull the trigger on a trade with confidence.
Many traders switch to technical analysis at this point to test their hunches and see when price patterns suggest an entry.


[ForexGen Customer & Trading Support]

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[ForexGen online trading services] are available 24 hours a day from Sunday at 6:00pm EST to Friday at 2:00pm EST to support and offer the help needed by all ForexGen's clients through answering any questions they may have.
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ForexGen provides clients with full scale demonstrations and help for the technical issues.

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You are encouraged to contact the dealing room by phone ONLY in these situations:

* If you are not able to access the internet.
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