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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:
USD
Discuss USD
From a newbie's point of view this whole fx thing smacks of a casino, particularly the short term trades whether they are based on fundamental analysis or otherwise.
Between the devil and the deep blue sea, fundamental analysis seems to make a whole lot more sense to me and it's just my personal view that fundamentals decide the direction the markets ultimately take. To say that charts determine future movements just doesnt seem logical to me. That's not to say that charts dont have a part to play. I feel that they do help me crucially in entry/exit points and money management. That's about it.
If I had to stake my life and choose between them- fundamentals is it. But that's just me. Even then that would only be for longer term trades. In the short term anything goes and it is a casino out there, the way I see it.
So, what did your father think of all this?