can you trade forex without technical analysis?

[Strongkored]

I've been trading forex using trial account only, and the results were disappointing, according to my experience with forex trading must use the technical analysis because it will affect the results, and also read about the situation, but i will never try forex trading again even just trial account is more easy altcoin trading

[deisik]

I have always thought that technical analysis is a pseudo science without objective foundations, based on mere subjective considerations. I have achieved a consistent profitability in forex for a couple of years without technical analysis or any other indicator, using only a proper calculation based exclusively on a proper Money management.

In retrospect, you can always find some pattern in the price behavior and apply a particular set of TA tools that would earn you profits if it had been used over that time span, while other tools would fail miserably. Essentially, this is not very different from finding out at which time exactly the broken clock is right twice a day. The problem is each time (or period of time) you will be presented with a new broken clock, so the discovered pattern doesn't in the least guarantee profits in the future...

The main issue with TA is that it has many tools to describe historical price data, but they are mostly useless for predicting future price moves

[wintermeasures]

Trading forex can be narrow than to two forces that drive a single vehicle. Most time after analysing the market technically and a trade is sure that market trend has hit the support or resistance level or breakout has taken place, the candlestick also has signal you to enter buy or sell then you see that the trade go against that signal due to news or fundamental issue. My question is this, can we really depend on technical analysis in trading decision?

According To Me Its Impossible To Do Forex Trading Without Technical Analysis Because If You Don't Have The Knowledge Of Analysis Then You Can Lose Your All Funds In A Second......

[redsun114]

Not just Forex trading, any trading without technical analysis will be just a gambling.

I will be able to trade Forex without technical analysis but making profit is highly similar to making profits with gambling. Technical analysis the only point trading differs from gambling.

[Skarner21]

Trading forex can be narrow than to two forces that drive a single vehicle. Most time after analysing the market technically and a trade is sure that market trend has hit the support or resistance level or breakout has taken place, the candlestick also has signal you to enter buy or sell then you see that the trade go against that signal due to news or fundamental issue. My question is this, can we really depend on technical analysis in trading decision?

According To Me Its Impossible To Do Forex Trading Without Technical Analysis Because If You Don't Have The Knowledge Of Analysis Then You Can Lose Your All Funds In A Second......

Yeah same here and i think you need a large capital there before you can get start to trade there ..it is hard to make profit there but you can get some tips from other traders that already analyze the fluctuate.
Also you need some luck too to have a good profit.. i heard many people are lose there but many people are successful. maybe it is always depends in your analysis.

[spofas]

Trading forex can be narrow than to two forces that drive a single vehicle. Most time after analysing the market technically and a trade is sure that market trend has hit the support or resistance level or breakout has taken place, the candlestick also has signal you to enter buy or sell then you see that the trade go against that signal due to news or fundamental issue. My question is this, can we really depend on technical analysis in trading decision?

FX algos are designed to put retail traders in the dumpster.
But to answer your question: TA is still the best chance to succeed in fx. If you do ok with your analysis (ie, being right >30% of the time) and have propper bankroll management, you'll do fine.

[arousedrhino]

I have always thought that trading in it's self was based on luck and trading with forex even more so.
Because as we all know things in life are not set out for us, we all have to put faith in our decisions and just hope it was the right one we made.
It is not any different with trading.

[exscudo]

So I am going to ask you in this topic, thinking it is appropriate place: are the TA instruments for btc and altcoins the same as for forex trading? Mb there are differences? What do you use/think?

[yakdivine]

Forex or any other trading, is either trending, ranging or in channel at a time. If the market is trend up that is buying it mean those that are buying are more than those selling and vise versa. When buying equal selling it mean the market is at equilibrium. When the market is at equilibrium, that is were big trader and hangers make trading decision based on what happened at this point. Most at times the market, would start trending at this point or channels or even ranging. Breakouts occurs when the strong support or resistance are break at this point is were professional trader make money and the newbie gambling.

[serjent05]

I think everyone can trade  forex as soon as they have access and fund for it.  But you cannot assure if  you will exit with profit or lose it all since what you have done is some guessing stuff on which will appreciate or depreciate.  Technical analysis and technical indicator are use to determine or  forcast the next trend  of certain market so you  can trade efficiently .

[~Bitcoin~]

Forex trading is really a unpredicted market however there are several technical tools from which some elite traders are being able to pull profit out of these unpredictable markets. Without technical analysis, forex trading will be just like gambling with odds of profit is almost equal to odd of loss. I think we can trade without technical analysis but odds of profit will be higher if you also have some knowledge of technical analysis.

[bitbunnny]

To my opinion Forex is very risky platform to trade. Techincal analysis, lots of knowledge and experience is neccesary but still this is not guarantee for success. And don't forget the luck too, like in gambling. I'm not one of them but lot of people I know have lost a lot of money despite all above mentioned. So, good luck.

[bamboylee]

To my opinion Forex is very risky platform to trade. Techincal analysis, lots of knowledge and experience is neccesary but still this is not guarantee for success. And don't forget the luck too, like in gambling. I'm not one of them but lot of people I know have lost a lot of money despite all above mentioned. So, good luck.

Yeah, Forex trading can be really hard and can make you lose a lot of money. But I am hearing many good things coming from forex trading. Maybe if you study hard enough, practice hard enough and develop your own system that work in forex, then you can be successful too and make lots of money from it.

[exscudo]

What sources would you use to learn the fundamentals of TA? Those materials offered by forex itself, like presentations, videos and the like? What books would you read on TA?

[davis196]

Trading forex can be narrow than to two forces that drive a single vehicle. Most time after analysing the market technically and a trade is sure that market trend has hit the support or resistance level or breakout has taken place, the candlestick also has signal you to enter buy or sell then you see that the trade go against that signal due to news or fundamental issue. My question is this, can we really depend on technical analysis in trading decision?

Technical analysis is important,but you need something more in order to be

a good trader.

We depend on technical analysis and a few other important factors plus luck.

[arseaboy]

Trading forex can be narrow than to two forces that drive a single vehicle. Most time after analysing the market technically and a trade is sure that market trend has hit the support or resistance level or breakout has taken place, the candlestick also has signal you to enter buy or sell then you see that the trade go against that signal due to news or fundamental issue. My question is this, can we really depend on technical analysis in trading decision?

Technical analysis is important,but you need something more in order to be

a good trader.

We depend on technical analysis and a few other important factors plus luck.

thats right we need to be fully equiped since we are dealing with a high risk investment anytime we can lose our money if we make a wrong moves or assessment but if lucks permitted us we will earn a lot.

[talkbitcoin]

the best answer that i can come up with based on my little experience in the field is:
trading Forex without technical analysis is like driving a car with a flat tire!
it is possible but you will be slow and controlling the movement is hard.

the same thing is true about trading Forex or even trading in general. if you don't know anything about technical analysis you can still make some trades based on your "feeling of the market" but that is far from success.

[Viyamore]

No, if i based my answer on the tittle but when you said that we will depend only on our technical analysis on trading no ,it has something not only technical analysis .Forex trading have a big difference when it comes to trading and it is a little bit harder to trade because only one click you may earn or loss it all .

[iqlimasyadiqa]

of course not . we should conduct an analysis to get the desired results.
if we are just hoping to luck then we will suffer losses and regrets.

[ethereumhunter]

i think i can still trade forex without technical analysis and i hope i can still make profit although i never trying to trade forex directly, but after i take a look on my friends computer about forex, i think its still the same as trading bitcoin but for me i think its really complicated and makes me confusing.