Active FX traders answer anything! Everyone's Q&A [Traders Securities Everyone's FX Ikuno Kiwo]
There is no one to challenge your questions, and even researching doesn’t make it clear... If you have such concerns, leave it to this project. Mr. Inoguchi from Treiders Securities will solve your questions!
※This article is a republished and edited version of an article from FX攻略.com August 2018 issue. Please note that the market information written in the body may differ from the current market.
Profile of Yoshio Inoguchi
Inoguchi, Yoshio. Treiders Securities Market Department, Dealing Section. Certified Technical Analyst. He has been engaged with financial institutions since 1998, mainly involved in covering and dealing in the commodities market focusing on precious metals and petroleum products. Since 2009, he has been with Minna no FX, conducting dealing operations centered on USD/JPY and major European currencies. He is proficient in forex analysis from a fundamentals perspective and is well-regarded for his short-term forecasts using technicals. Recently, he has appeared in Minna no FX’s free online seminars, receiving favorable feedback for his easy-to-understand lectures. Furthermore, on Twitter, professional dealers share real-time opinions on the market, so be sure to check it out.
Twitter:https://twitter.com/yoshi_igu
Q21. I’m not good at fundamental analysis, and I don’t know how to utilize the news distributed by FX companies. Is it difficult to win using only technical analysis? (Nagano Prefecture / 30s / Male)
A. There are many traders who succeed with technical analysis alone. However, basing decisions on fundamentals to discern future scenarios and facing the market is fundamental to forex. Ideally, you should be proficient in both technical and fundamental analysis.
Fundamental factors can move the market too
In today’s FX world where short-term trading like scalping and day trading dominates, many individual investors build their positions based on technical analysis. There’s certainly nothing wrong with that, but sometimes the market moves in ways that cannot be explained by technicals alone, and there are always fundamental factors behind those moves.
That said, fundamental analysis covers a broad scope, and many traders say they don’t know what to look at. This time, as an introduction to fundamentals, we focus on two points: “economic indicators” and “market themes.”
