In deciding what trades to take and when we all must use various forms of information to make those choices. How we arrive at the conclusion, though, consists of virtually unlimited combinations of options and pathways in both information acquisition and utilization. So, while it may be impossible to discuss every such combination, we all start from one of trading methods: Fundamental, Technical or Sentiment.
All three trading methods have the same goal of profitable trading, but take a look at the market in a different way to arrive at that conclusion. By understanding your own goals, personality, and skills, utilizing one to all three trading methods can be the path to successful and consistent trading. Let’s take a look at what each encompasses:
So, now comes the time where I tell you which one is the best right? NOT GOING TO HAPPEN. You see, they all have their place in trading, and it would be silly for me to say one is particularly advantageous over the other. It depends on your goals as a trader. For example, one of my friends takes the very long view of the market and trades fundamentals. Particularly with the Aussie and it’s high-interest rate. He likes to use fundamentals for the “carry trade” where he banks profits on the rollover from one day/week to the next. Myself, I am a heavy technical trader because it suits my personality and personal view of the market. I understand the visual processing of information and marking up charts is a skill I have worked on. That being said, I am constantly trying to develop skills in both the fundamental and sentiment arena. Regardless of which style you choose, make sure you stick to it in a disciplined manner so you can achieve the best results. As far as which is the best, that debate will have to continue into the future(s).
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