Is it necessary to learn Technical Analysis?

[kvraovja]

Friends I want to know that, is it necessary to learn Technical Analysis to do Forex Trading? If so, what analysis or theory is favorable for Forex Trading. Is there any source to get Technical Analysis knowledge i.e., any ebooks or graphs and theory physical books please advise me which is better to learn Technical Analysis.

[HIFTAR]

Yes technical analysis is very important part of trading, you must need to learn it. You only need to practice on demo account in order to prove yourself well don‘ rush to know every thing at once every knowledge you have today come one after the other. but it is a good way to get experience in these markets as traders who learn from their mistakes and work on them go on to become better traders.

[amit]

you just write your pairs and analysis in the google then you will important analysis here. read more and choose some good website for your pair. i hope both the analysis is valuable and you have to understand the technical and fundamental analysis for a regular profit. Forex is really a good business but you should read more to earn here. you do not need to trade every day but if you read regular analysis report then you will find the support and resistance level to get a good profit.your wish to learn about technical analysis from different website will give you power to trade.

[shamimforum]

Before treading in Forex technical analysis is a very good practice.If you do practice on demo account in order to prove yourself.Don't hurry or not greedy to much, the knowledge you have today it will gather more one after another.So you should always remember while trading everything can happens. Sometime a small unconsciousness could suffer your business.

[Nilsagor]

Although both technical and fundamental analysis is important, I think technical analysis is more important. Both the two are suitable for proper trading. Technical analysis is a way to predict movements in the market with the help of indicators which are not available in Fundamental strategy. So, Technical analysis can give better result fundamental analysis.