today i concede: when it come to trading ( not necessarily investing ), fundamental analysis counts for ZERO and technical analysis is KING.

Comment by Peter jcp on July 12, 2012 at 5:04pm
Hi Kay - although I have an Hons Degree in Economics - I trade 100% technical - mainly because I am Intraday and concentrate on charts from 10 second tick to 1 hr . Also remember the market movers will always know the news in advance and so can use and manipulate to suit them . You only need 25-40 pips a day on 5 -10 lots and that is far easier to obtain then trying constantly for long rallies with big stops and small stakes - plus more efficient etc etc.After 4 yrs full time it works for me ;-)
Comment by kay on July 12, 2012 at 5:46pm
cheers Peter
in a sense thats what im doing on this forum, learning tech. thanks for the vote of confidence.

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