Forex Trading : Does the real successful expert use TA or Newsfeed more ?
I have been reading yahoo answers a lot about forex trading. I understand that 95% of the noob lose money, only 5% expert makes
Just want to know for those 5% expert who really makes good money from forex. Are they inclined more on technical analysis or relying more on news in their trading decision?
- Common SenseLv 77 years agoFavorite Answer
Good question. I don't really know the answer... but here's some thoughts.
I trade the news & use TA. Mostly in stocks, but have done it with FX. I use TA to look at entry levels and, more importantly... when to exit, both on the down side and up side. Many, many do as I do.. using a news driven event to initiate a trade and using TA in the trade. This really works well for me.