can you trade forex without technical analysis?

[densuj]

Trading forex more high risk than trading altcoins or bitcoins, because we can not hold position. Of course we can trade forex without analysis tecnical, but it will make our money lost in it. In my opinion trading forex needs analysis tecnical and fundamental for making prediction and making profit into trading forex.

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[capoeira]

So riding the trend is TA too since that's how you would algorithmically determine it ("a higher low and a higher high")?

That's what I'm saying. In fact, as soon as you look at a chart you are analysing technically. You don't need a chart to see the price. There are price tickers. You open a chart to analyse, even if it is "only" to look for trends.

[dunfida]

Trading forex more high risk than trading altcoins or bitcoins, because we can not hold position. Of course we can trade forex without analysis tecnical, but it will make our money lost in it. In my opinion trading forex needs analysis tecnical and fundamental for making prediction and making profit into trading forex.

Doing forex is  too complex and  when  you trade without  knowledge and   technical analysis   then you are just  like  throwing your money off. Agree forex and  altcoin/bitcoin trading is different  because we cant  really hold positions and also forex trading do require  huge amounts in able  to start  unlike on alts/bitcoin.

[yakdivine]

Trading forex more high risk than trading altcoins or bitcoins, because we can not hold position. Of course we can trade forex without analysis tecnical, but it will make our money lost in it. In my opinion trading forex needs analysis tecnical and fundamental for making prediction and making profit into trading forex.

I thought, forex trading and altcoin or bitcoin are the same?. Sir, can you explain to me the different between bitcoin or altcoin trading and forex trading. From my observations it's seen to be the same.

[deisik]

So riding the trend is TA too since that's how you would algorithmically determine it ("a higher low and a higher high")?

That's what I'm saying. In fact, as soon as you look at a chart you are analysing technically. You don't need a chart to see the price. There are price tickers. You open a chart to analyse, even if it is "only" to look for trends.

I see your point and even somewhat agree with it, at least, in respect to the "analyzing" part of it. Nevertheless, just looking at the price chart and following the trend, which is deduced from such a chart, is usually considered as "intuitive trading", not TA. On the other hand, some insane algorithm mimicking human reasoning and taking into account such data which otherwise would be considered belonging to human domain only should also be branded as a technical analysis of sorts...

While in fact it would operate on a more fundamental level than what is typically contemplated as "technical"

[erikalui]

Trading forex more high risk than trading altcoins or bitcoins, because we can not hold position. Of course we can trade forex without analysis tecnical, but it will make our money lost in it. In my opinion trading forex needs analysis tecnical and fundamental for making prediction and making profit into trading forex.

Doing forex is  too complex and  when  you trade without  knowledge and   technical analysis   then you are just  like  throwing your money off. Agree forex and  altcoin/bitcoin trading is different  because we cant  really hold positions and also forex trading do require  huge amounts in able  to start  unlike on alts/bitcoin.

I have been trading with forex even with a minimum amount of $3 and managed to double it within 3 days. Hence there is no amount that's high or less  but without technical analysis, it's very tough to keep making profit with forex while in case of bitcoins/altcoins, we don't even have that option that can predict the price the next day. We have all to just try our luck while trading in bitcoins.

[Hikol]

I like Forex as a source of additional income. I trade with the help of my Broker from http://www.portexmarkets.com and I like it a lot. If you want to try Forex too they have a Demo account which may help. Thanks a lot for the help here and good luck!

[Zadicar]

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?

You could  actually  trade forex  without  this  technical  analysis  unless if you are already experienced  enough  regarding  on price movements  but still you would  really need this tool  on your trading career  because this  would surely  help  you  out  even not  most of  the time  but  its still  okay to use this. Price movement is really unpredictable though  because  of  some unexpected circumtances that  may happen  time to  time.

[Barbut]

If you trade without technical analyses then you literally trade on luck, or your trades are based on some who knows what feeling. Chances to make profit like that are zero, only if you are really lucky person you can have success in this kind of trading.
I tried to trade with altcoins on luck, and guess what, I lost much more then I made. My trading wasn`t successful like I thought it will be, especially I lost when I listened some possible scammers which coins to buy.

[Fredomago]

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?

You could  actually  trade forex  without  this  technical  analysis  unless if you are already experienced  enough  regarding  on price movements  but still you would  really need this tool  on your trading career  because this  would surely  help  you  out  even not  most of  the time  but  its still  okay to use this. Price movement is really unpredictable though  because  of  some unexpected circumtances that  may happen  time to  time.

having some technical knowledge will give you edge in forex trading knowing how the system works can give you good prediction and placing your order would be much easy and the sell order as well. you should have the system in order to make that good analyzation.

[Zadicar]

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?

You could  actually  trade forex  without  this  technical  analysis  unless if you are already experienced  enough  regarding  on price movements  but still you would  really need this tool  on your trading career  because this  would surely  help  you  out  even not  most of  the time  but  its still  okay to use this. Price movement is really unpredictable though  because  of  some unexpected circumtances that  may happen  time to  time.

having some technical knowledge will give you edge in forex trading knowing how the system works can give you good prediction and placing your order would be much easy and the sell order as well. you should have the system in order to make that good analyzation.

You are correct thats  why  i wont recommend not to use  this tool of   having technical  knowledge  because you would surely needed   on your trading career  to  increase the chance  to  swing  together  with the  price and make  good profits.  Good analytic skills would really be a good thing.

[Supercrypt]

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?

You could  actually  trade forex  without  this  technical  analysis  unless if you are already experienced  enough  regarding  on price movements  but still you would  really need this tool  on your trading career  because this  would surely  help  you  out  even not  most of  the time  but  its still  okay to use this. Price movement is really unpredictable though  because  of  some unexpected circumtances that  may happen  time to  time.

having some technical knowledge will give you edge in forex trading knowing how the system works can give you good prediction and placing your order would be much easy and the sell order as well. you should have the system in order to make that good analyzation.

No, not just some knowledge, we must required a sound trading knowledge on how to do technical analysis to predict high and low prices. Without technical knowledge, trading is just a gambling, if you are lucky you may get profits but not assured. Usually Forex market has high volatile, improper knowledge on trading might lead to huge losses in very quick time itself.

[electronicash]

Yes you can trade on forex without technical knowledge. after all there are guides given as to when you should enter and existing can be a different thing. you may exit a position while you already are profiting or you can be so greddy that you can exit when it start to fall and your pips deducted.

ALL you need to do is enter a position in the market where obvious trend is currently going on. the most important one is that don't let your emotions control your trading pattern.

[Ryananda]

I think there is no trading forex without the use of analysis if you want profit. Because of all trades have to use analysis to determine the price of the good. If you start trading with my analysis of the risk is very large, especially if not using the analysis techniques, it will depend only on luck.

[Babayega31]

Yes you can trade on forex without technical knowledge. after all there are guides given as to when you should enter and existing can be a different thing. you may exit a position while you already are profiting or you can be so greddy that you can exit when it start to fall and your pips deducted.

ALL you need to do is enter a position in the market where obvious trend is currently going on. the most important one is that don't let your emotions control your trading pattern.

Without the use of technical analysis would result to loss of profit, thats because if you're lack of information and you don't know the movement of the forex trend it won't give you proper idea on how to handle your emotions. As a result of no proper analysis you may not able to decide the right time to buy or sell your bitcoin, what if you've invested it in wrong timing and that time you are lack of informations which may help you decide the best. If this happens don't hesitate to read forums and also ask help to those who are very experienced with trading analysis and also a forex trader is very important.

[Yatsan]

Trading forex more high risk than trading altcoins or bitcoins, because we can not hold position. Of course we can trade forex without analysis tecnical, but it will make our money lost in it. In my opinion trading forex needs analysis tecnical and fundamental for making prediction and making profit into trading forex.

Doing forex is  too complex and  when  you trade without  knowledge and   technical analysis   then you are just  like  throwing your money off. Agree forex and  altcoin/bitcoin trading is different  because we cant  really hold positions and also forex trading do require  huge amounts in able  to start  unlike on alts/bitcoin.

That is right. In order to trade the forex, you need to understand a lot about the currency you want to trade.

[Zadicar]

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?

You could  actually  trade forex  without  this  technical  analysis  unless if you are already experienced  enough  regarding  on price movements  but still you would  really need this tool  on your trading career  because this  would surely  help  you  out  even not  most of  the time  but  its still  okay to use this. Price movement is really unpredictable though  because  of  some unexpected circumtances that  may happen  time to  time.

having some technical knowledge will give you edge in forex trading knowing how the system works can give you good prediction and placing your order would be much easy and the sell order as well. you should have the system in order to make that good analyzation.

No, not just some knowledge, we must required a sound trading knowledge on how to do technical analysis to predict high and low prices. Without technical knowledge, trading is just a gambling, if you are lucky you may get profits but not assured. Usually Forex market has high volatile, improper knowledge on trading might lead to huge losses in very quick time itself.

It would surely lose  you  up  huge  amounts   if you  dont have any  knowledge and   proper  understanding of  it. Technical analysis is  a tool  which  really could  help you  out  and  most traders   do  use this  because   before  we making a  trade to forex, assumptions and news are  important  to  open  up a particular  order  .

[CraigWrightBTC]

Of course i can trade forex without analysis tecnical, but it will not be survive for long time i will be lost my money, even though i get profit it is just because of lucky and i can not make profit because i don't have signal for buy or sell.

[unsoindovo]

you trading not analys only buy or sell same with gambling

iam trading forex only use news economic
and iam use indicator in MT4
1 pivot SNR (support and resistance)
2 bolinger band indicator
3 moving average
4 MACD
5 PZ harmonic

i'm interested in this indicator...
5 PZ harmonic
never heared about int...
can you explain some info on it?

[electronicash]

you trading not analys only buy or sell same with gambling

iam trading forex only use news economic
and iam use indicator in MT4
1 pivot SNR (support and resistance)
2 bolinger band indicator
3 moving average
4 MACD
5 PZ harmonic

i'm interested in this indicator...
5 PZ harmonic
never heared about int...
can you explain some info on it?

i have no idea what 5 PZ harmonic is. Its getting too technical when all a day trader need is just to see clearly where the trend is going within the day. RSI, stochastic and few MAs can do exactly is needed.