Find A Money Making Forex Trading System That Works And Suits You
In Forex Trading, there are two main approaches Fundamental Analysis and Technical Analysis. Fundamental analysts will concentrate on the underlying causes of price movements, whereas as technical chartist studies the actual price movement.
Fundamental analyst focus on various macroeconomic indicators – Interest Rate, Trade Balances, Growth Rates, and Unemployment rates, Gross Domestic Product (GDP), Inflation and etc. For beginners, do take note that there is no single set of rule to trade Forex using fundamental analysis. There are many theories on how a currency should be valued.
Technical analyst used historical price data to forecast the direction of future price movement. Technical analysis work on the premise that all current market information is already reflected in the price and that studying price action alone is more than necessary to trade the market.
Some popular methods of technical analysis include, Chart Pattern, Japanese Candlestick Pattern, Trend line, Support and Resistance Line, Pivot points, Fibonacci Retracement and Elliott wave theory. Technical...
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