Which is the best way to go?
Correct fundamental analysis can make you money, and so can a good technical plan. In either case, a good forecaster can go broke if he is not a good trader. A good trader can make money regardless of whether he can ascertain the correct fundamentals or technical tone of the market. I believe that a marriage of the two, combined with a sensible money management plan, produces the best results over time. In my experience, the best trades come when solid fundamentals (as we see them) agree with the technical action of the marketplace. The subsequent two chapters explore the idiosyncrasies of the technical world. However, because you need to know what it is you're trading (although I know a soybean trader who had not ...
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