Which type of analysis is better? Technical analysis?

We had already mentioned that "fundamentalists" and "technicians" both think they're the better ones. Supporters of fundamental analysis say that everything in the forex market depends on basic (fundamental) economic indicators and data, and that each price move correctly predicted by technical analysts is due solely to random chance.

On the other hand, technical analysis (TA) supporters argue that traders pay a lot of attention to the charts and act in a predictable way when certain psychological price levels are reached. Therefore, they say, it is possible to predict price movements based only on reading charts and indicators. (We will discuss indicators later.) One thing is certain: you must not be lopsided, do not rely on one of the two approaches exclusively; on the contrary, use both as they complement each other.