Fundamental and technical trading combined

This article written by Andreas Witt was originally published in the January 2013 issue of Traders' Magazine.

  • Andreas Witt has been studying the forex market since 1998 and has developed several strategies for different products, including a fully automated forex-strategy-software program (Expert Advisor). In addition he posts daily signals for a forex-platform and trades on his own account.
In this article we introduce a manual trading strategy based on current economic data that you can apply daily. The approach is based mainly on the volatility of the underlying. This strategy is especially suitable for beginners but also for intermediates who want to profit at trading the forex market and stock market indices.

The most difficult thing of manual trading is certainly depending on yourself. You decide whether or not to enter the market. There is no predefined signal or system that shows you the right time for your entry, therefore it is essential to prepare each trading day accurately. In advance of trading a signal you should extensively analiyse the economic data and its emphasis, because not every event has an effect on the market. However, this approach is not highly complex so you can even be successful with this strategy if you are a trading beginner.

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