Analysis of the main macroeconomic indicators aimed at clarifying the reasons for which the dominant Trend chooses a particular direction, while traders who prefer to use technical analysis , focus their attention solely on the result.
Proponents of fundamental methods for assessment of the market situation, build all their work on the basis of the question: "Why is this happening?" In place of this trader who uses the theory of technical analysis does not intend to waste time searching for the causes of what is happening, because all the necessary conditions are taken into account in the process of prices.
Leading analysts of financial markets, as well as brokers (the link you can find the company - EXNESS reviews ) are similar to the view that it is the understanding of what is happening is the reason the main competitive advantage of the fundamental ways. This view is explained by the fact that in the absence of understanding of the developments in the power trader is fear and see the market as unpredictable and uncontrollable system.
In addition to the benefits from the fundamental approach has its drawbacks. The main of them is the lag conclusion is based on this approach with respect to currency exchange rates. If you look at the history of currency exchange can be seen that most large-scale trends and tendencies were born at a time when macroeconomic factors do not bode no big changes. It is only in the midst of a powerful new trend analysts, using in their work financial, economic and political factors influencing the market, making the right conclusions about what is happening.
Among the participants in the FX market, most people prefer to use their work methods and techniques of technical analysis. Much smaller number of traders are net fundamentalists, but people who have mastered this technique are very rich, are able to earn money and effectively manage them. In this case, they both agree with the point of view of the use of an integrated approach when working on the Forex. It is the work with the tools of technical analysis, the usefulness of which is confirmed by fundamental factors, can achieve a good result in currency trading.