- Joined
- 20 May 2013
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Let me add my 20c worth to this discussion as I think I've lost a bit of $$$ to know a little about these topics. For me, there are so many ways to skin a cat but ultimately, it's about finding an edge that suits your personality and lifestyle.
I know guys who are successful in Fundamental analysis and some who are successful in Technical analysis. I also know guys who watch the order flow in the trade ticker and make good money out of it.
All these require time. I called it the tour of duty but pick a metaphor that suits. It's also a process in finding what works in the market. Remember the market is always changing so what worked say pre GFC is not going to work post GFC [Technically nor fundamentally].
Now theres Negative rates and Global & political uncertainly so the process will have to change again.
So even if someone shows me a successful system/method, if it doesn't suit my personality nor time frame, it won't work for me. [eg: I've got a short time frame of say 3 hours so something that takes weeks might be too long for my trading account]
Hope that adds more confusion before enlightenment.
Ice
I know guys who are successful in Fundamental analysis and some who are successful in Technical analysis. I also know guys who watch the order flow in the trade ticker and make good money out of it.
All these require time. I called it the tour of duty but pick a metaphor that suits. It's also a process in finding what works in the market. Remember the market is always changing so what worked say pre GFC is not going to work post GFC [Technically nor fundamentally].
Now theres Negative rates and Global & political uncertainly so the process will have to change again.
So even if someone shows me a successful system/method, if it doesn't suit my personality nor time frame, it won't work for me. [eg: I've got a short time frame of say 3 hours so something that takes weeks might be too long for my trading account]
Hope that adds more confusion before enlightenment.
Ice
