Technical Analysis Market Analysis Fundamental AnalysisThe Foreign Currency market is constantly moving, 24 hours a day, where profits can be made from falling and rising markets. Trading requires knowledge and discipline, which comes with practice and experience.
There are two methods for analyzing forex market behavior and patterns:
FUNDAMENTAL ANALYSIS This is the process of collecting data that affects the market, analyzing how it will or did affect the market and the reasons for it. This method benefits from a large volume of data, in order to forecast future results. The type of data can include economic data, but also political, religious, geographical, and even climatic events. Fundamental analysis gives us the reason why economic events happen.
This is the process of collecting past data to predict future behavior of a currency, including external factors. The information is portrayed in graphs and charts, in a clear pictorial format; it makes it easier to predict future movements, based on past fluctuations.
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