FX Basics, Fundamentals & Technical Ranking [3] Easy for beginners to understand and ready to use! Top 5 technical indicators chosen by Yasushi Yamanaka
In FX, market analysis is essential, but many beginners worry about questions like “Are fundamentals necessary?” and “Which technical should I use?” This time, two professionals ranked fundamentals and technicals for us! I think this will be useful not only for beginners but also for people who are already trading in the market.
We have also summarized the basics for those considering FX debut. Read this to fast-track to becoming an expert!
【1】Revisit FX basics before learning fundamentals and technicals
【2】YENKura selects the top 5 important economic indicators
【3】Yasushi Yamanaka selects the top 5 important technical indicators
※This page corresponds to article 【3】. Articles 【1】 and 【2】 are separate articles.
Profile of Yasushi Yamanaka
Director at Ascendant Co. Joined Bank of America in 1982, Vice President in 1889, Propriety Manager in 1993. Joined Nikko Securities in 1997, Deputy Manager of Currency Funds at Nikko Citi Trust Bank in 1999. Founded Ascendant Co. in 2002.
Indicators that are easy to understand and long-lasting to use
There are many types of technical indicators that help with chart analysis, and their varied用途 makes beginners unsure of what to use and how. This time, we asked Yasushi Yamanaka to pick five easy-to-understand, beginner-friendly, highly usable indicators in a ranking format.
The selection criteria emphasize that even intermediate traders can apply them, and that many traders reference them. Therefore, the technical indicators introduced here are not only for beginners but are ones you can use for the long term.
Also, the calculation formulas of technical indicators are very important. To deepen understanding of the indicators’ characteristics and to find parameters that suit you, be sure to grasp how each indicator is displayed by its calculation formula. Calculating them yourself is also recommended.
Ranking selection criteria: “easy to understand” and “pliable in application”
For beginners, it’s important to start with general, easy-to-understand technical indicators that many people refer to. In addition, this time we also emphasize indicators that can be applied by intermediate traders.
