forex trading course - technical analyst or fundamental analyst

One of the most dominant debates in financial market analysis is about the relationship validates the second largest tier of analysis, namely Fundamental and Technical. In Forex, some learning concluded that fundamental analysis is more effective in terms of predicting the direction of the long term (more than one year), while technical analysis is more towards the certainty for a short period (0-90 days). Combining the two approaches is a best step for placement on 3-month period and an annual. Nevertheless, further empirical evidence reveals that technical analysis for long-term help to identify the wave movement in the long term, and at the time of the fundamental factors trigger the development for the short term.

However, most of the traders more follow technical analysis because it does not require hours and hours of time to learn it. Technical analysis can follow a lot of currency movements at a time. Fundamental analysis, however, seeks to establish itself on the amount of data that is too much in a market. Technical analysis works well because financial markets are always working to build a strong movement direction. When the current technical analysis has been outlined, it will be applied easily to various time limits in the money market transactions.