How to understand the phrase that technical analysis is pale in the face of fundamental analysis

Literally, technical analysis is inferior to fundamental analysis. However, this is not necessarily true, and each method of analysis has its advantages and disadvantages.

1. Technical analysis refers to the sum of all financial derivatives trading decisions based on market behavior as the research object to judge the market trend and follow the cyclical changes of the trend. Technical analysis believes that market behavior is all-encompassing.

Technical analysis is good or bad.

1. Advantages. Technical analysis has the remarkable characteristics of comprehensiveness, directness, accuracy, strong operability and wide range of application. Compared with fundamental analysis, technical analysis is quick to achieve results and has a short period of time to obtain benefits.

In addition, technical analysis reacts more directly to the market, and the results of the analysis are closer to local phenomena in the actual market. The entry and exit positions obtained through market analysis are often more accurate than those obtained from fundamental analysis.

2. Disadvantages. The disadvantage of technical analysis is that the scope of consideration is relatively narrow, and it is difficult to effectively judge the long-term market trend. Fundamental analysis is mainly suitable for relatively long market cycles, as well as areas with low accuracy requirements.

Technical analysis is more suitable for short-term analysis than fundamental analysis, and fundamental analysis must be referred to for long-term analysis, which is the most important problem to pay attention to in the application of technical analysis. Because technical analysis is a summary of experience and not a scientific system, the conclusions obtained through technical analysis and the trading operations carried out from it need to bring benefits to investors in the form of probabilities.

2. Fundamental analysis, also known as fundamental analysis, is based on the intrinsic value of the first and focuses on the analysis of the factors that affect the first and its trend, so as to decide what to buy and when to buy.

The assumption of fundamental analysis is that the value is determined by its intrinsic value, and it changes frequently due to the influence of many factors such as politics, economy, and psychology, and it is difficult to be completely consistent with the value, but it always fluctuates up and down around the value. Rational investors should make investment decisions based on the relationship between **** and value.

Fundamental analysis is mainly applicable to ****** with relatively long cycles, relatively mature markets and areas with low accuracy requirements.

There are two main advantages of fundamental analysis:

1. Be able to grasp the basic trend of **** more comprehensively;

2. It is relatively simple to apply.

There are two main disadvantages of fundamental analysis:

1. The time span of ** is relatively long, and the guiding role of ** investors is relatively weak;

2. The accuracy of ** is relatively low.

The meaning of this phrase is that technical analysis is inferior to fundamental analysis. But I don't agree with this statement, technical analysis has the advantages of technical analysis, and fundamental analysis has the advantages of fundamental analysis.

Fundamentals first, technicals second; But the fundamentals, especially the news and policies released suddenly, we can't do anything, only the part of being slaughtered, fortunately, the fundamentals can't release new news every day and every hour! Although the technical side is in second place, when the fundamentals are "calm" (most of the time it is calm), you can only rely on it to judge the trend, especially if you do intraday or super, you need to use technical judgment to do it, because the intraday volatility is only the result of the confrontation of buying and selling forces, not the impact of policy! Therefore, we can't control the fundamentals, but we can grasp the technical aspects by ourselves, that is to say, if we want to survive in the capital market, we must master excellent operation technology, which is the most fundamental!

Hello, three assumptions of technical analysis:

1."Market behavior reflects everything".

It means that all the factors that affect the trend will be reflected in the actual transaction data (transactions**, volume, etc.), so we only need to study these transaction data that have appeared.

2."**Trending".

Trend is the objective law of market operation, and it is also people's abstract summary of objective things. Without understanding the trend, our understanding of technical analysis can only stay on the side. The trend refers to the overall direction of the medium and long-term operation, and according to the direction of the trend, it can generally be divided into an upward trend, a sideways trend, and a trend.

3."History repeats itself".

It refers to similar disk patterns that tend to deduce similar late movements. This assumption is well-founded. Empirical studies have shown that the market pattern such as trend and trading volume can well reflect the psychological tendency of investors and the expectation of long or short, so the disk pattern is only a kind of appearance, which inherently reflects the psychological tendency of investors.

Market behavior is all-encompassing, and history repeats itself in a trending way.

This is easy to understand, if I show the trend in red and the trend in green. When you look at ** again, you will find that history is repeating itself, but the magnitude and time of each repetition are different.

1. The difference between technical analysis and fundamental analysis.

1) The basis for the analysis of the two is different. Fundamental analysis is based on the reasons for the change, the future of various macro and micro factors. The method is subjective, that is, on the basis of collecting various objective data, based on the economic and financial knowledge and experience of analysts, a certain tendency is derived, and different analysts sometimes come to completely different judgments in the face of the same data.

Technical analysis is based on the law of market changes, using past and present data to derive the future"History repeats itself"。Through the continuous and complete empirical data of the market, the typical pattern is summarized by statistical analysis, and the method is more objective and intuitive, and even the inflection point of buying and selling can be directly obtained, which is the advantage of technical analysis.

2) The two have different ways of thinking. Fundamental analysis is theoretical thinking, which enumerates all the factors that affect the world, and then studies their impact on the world one by one, which is a qualitative analysis and has a certain forward-looking. Technical analysis is an empirical way of thinking that moves through all factors and is ultimately reflected in dynamic indicators of trading volume and volume.

It ignores the reasons for these factors, uses known data to give the best range and interval that may occur, it focuses on historical data, is quantitative analysis, and has a certain lag.

3) The investment strategies of the two are different. Fundamental analysis focuses on the intrinsic investment value of the investment, studying the long-term trend of the company, and often ignores the short-term fluctuations of several days. People derive from this which ones should invest in the best varieties with good quality and development potential, so as to avoid those commodities that are seriously speculated or have continuous losses of the enterprise.

Technical analysis focuses on market trends, which tells people that making a profit doesn't care about what you buy, even if it's a loss-making company; It doesn't matter how much you buy, but at what price range you are in** and in what price range you sell, which is intuitive and operable.

4) The investment operation methods of the two are different. Fundamental analysis focuses on the study of various factors and the internal relationship and logic, it involves a wide range, requires analysts to have strong professional theoretical knowledge, the country's macro, microeconomic, principles and policies must be involved, to have political sensitivity and keen insight, but also to have the ability to collect all kinds of information and screen out useful content, have accurate judgment and reasoning. Technical analysis focuses on chart analysis, using the price and volume data of ** to draw some kind of conclusion using statistical methods.

Operators should master certain mathematical and statistical knowledge, pay attention to the coherence of data, and operate relatively easily in a certain mode.

5) The advantages of the two analytical methods complement each other. Fundamental analysis involves a wide range of conclusions, and the conclusions obtained generally do not have serious deviations, which is conducive to the long-term stability of the market, and guides investors to care about national events, which is conducive to the improvement of the overall quality of investors. Technical analysis reveals changing trends and excludes the impact of market contingencies.

This kind of rolling coherence of data is also an extension of the trend and is reasonable. It doesn't require people to have specialized financial knowledge, or complete intelligence data.

Technical analysis mainly studies market behavior, while fundamental analysis focuses on the supply and demand relationships that lead to ** rise, fall or flat. In order to determine the intrinsic value of a commodity, a fundamental analyst needs to consider all relevant factors that affect**. The so-called intrinsic value is the actual value of a commodity determined according to the law of supply and demand, which is the basic concept of the fundamental analysis school.

If the intrinsic value of a commodity is less than the market, it is called overvalued. If the market price is less than the intrinsic value, it is called **low, and it should be **.

Both factions are trying to solve the same problem, that is, the direction of change, but with different focuses. The fundamentalists investigate the antecedents of market movements, while the technocrats study the consequences. Technocrats take it for granted that the "consequences" are all the information needed, and the reasons, causes, etc., do not matter.

The fundamentalists have to get to the bottom of it.

It's easy to understand these, but it's hard to be really familiar, and in the case of unfamiliarity, stock selection is not prevented from using ** software assistance, I generally use ** treasure, tracking the cattle operation inside to refer to the analysis**, it can be said that it is twice the result with half the effort.

3 Comparison and Criticism of Technical Analysis: Fundamental Analysis.

Are you a long-term investor? No, don't put too much effort into fundamental analysis. The speculative atmosphere of A-shares is too strong, and technical analysis is king, suitable for short-term speculation (don't say that you are an investment, do you have a ** that has held shares for more than a year?).

Fundamental analysis: You only need to know a few hot industries in the future, such as environmental protection, industry, and computers. The rest of the effort should be devoted entirely to technical analysis.

Many investors have an inaccurate understanding of the relationship between fundamental and technical analysis. In fact, in the foreign exchange market, in order to see the true face of the market, two analyses are indispensable.

The so-called fundamental analysis in the foreign exchange market is the process of knowing the supply and demand of the target currency. Money, like any commodity, falls when it is oversupplied, and rises when it is in short supply. Since it is such a simple relationship, what we want to study is, first, ** relationship, and second, demand relationship.

Other questions simply don't need to be bothered. Relationships aren't hard to know. Just look at the Fed's **, and every month the black and white paper is reported.

Assuming that the demand for the dollar remains unchanged, there are two market reactions to the Fed's start to increase the currency**.

** will rise, the dollar will soften. Currencies** decrease, and the U.S. dollar stabilizes, or rises. There is a difference of about two months in time, that is, two months after the market reacts slowly to the change in currency**.

Therefore, studying the amount of money every month is the first thing that an expert in the financial markets should do. After knowing the situation of the currency**, the next step is to study the relationship between demand. It's a bit of a hassle, because there's a lot of research to be done.

The demand for a currency is determined by the attractiveness of that currency. Which currency is attractive depends on, firstly, the potential for appreciation, and secondly, the direction of real interest rates. In order to look at the prospects of the currency, we must first look at the prospects of the currency assets.

The potential for asset appreciation depends on the prospects of the country's ** market, real estate market, and bond market. In other words, if the economic outlook is good, there is potential for appreciation, and if the real interest rate rises, the demand increases, and the country's currency has the potential to rise. To look at the prospects of the economy, we should first look at the situation of employment and unemployment, national productivity, political stability, international conditions, interest rate cycles, foreign capital inflows, domestic capital flows, and so on.

After understanding the relationship between supply and demand for money, you will have a sense of the general direction in the medium to long term. This is known as the fundamentals of fundamental analysis. Very much needed and very simple stuff.

For example, recently the amount of money in the United States has stabilized, the dollar has begun to stabilize, and the weakness has continued.

With regard to technical analysis, the basis of technical analysis is that such and such a pattern or technical data in the past has developed into such and such a result, so the current pattern may also develop into the same theory as the past result. There are even technical analysts who believe that everything is reflected in the **, and there is no need to study anything else, just study ** and charts or some indicators. In the foreign exchange market, such investors account for the vast majority.

The question is that the vast majority of the market is always the losing side? )。The point of technical analysis is to thoroughly familiarize yourself with a variety of past graphs and other technical data and apply them to real-world situations.

How many hits there are, it depends on the creation of each person.

publication of data, etc. Some large households rely on intelligence to deal with these emergencies. Small households do not have this ability, so they can only follow the market. Something that can only be improvised.

Indeed, technical analysis is not mathematical analysis, and trends have a gradual accumulation of energy. Your understanding is good!

Hello**.

The main methods of investment analysisAt present, there are two main types of investment analysis methods: one is fundamental analysis; The second is technical analysis. 1) Fundamental AnalysisThe basic analysis method analyzes the macroeconomic situation, industry conditions, and business conditions that determine the intrinsic value and impact of the company, evaluates the investment value and reasonable value of the company, compares it with the market price, and forms a recommendation for buying and selling accordingly.

2) Technical analysis technical analysis method from the volume of the volume, the time taken to reach these and the volume of volume, the fluctuation space of several aspects of the trend and the future. At present, the commonly used theories include ** theory, wave theory, pattern theory, trend line theory and technical indicator analysis, etc., which will be analyzed in detail later.