Market analysis has two distinct ways to analyze forex pairs and crosses. These are fundamental analysis and technical analysis. The fundamental analysis investigates analyzing a country’s financial health to find the fair value of that economy. Whilst technical analysis sees the market’s reaction to a country’s fiscal data.
How much you can gain in the market will depend on how well you can harness this information to your advantage. However, technical analysis may appear thorny on the surface, but it boils down to you analyzing supply and demand. In the market, you find where the price trend is heading.
Technical analysis is your attempt to understand the market sentiment behind price trends. It is not to analyze a forex pair and its fundamental attributes. That is no concern of yours. In fact, if you can understand the benefits and limitations of technical analysis, it can give you a new set of tools or skills. That can only make you to be a better forex trader in the long-term.
LONDON: Yen powers away on morning trades as investors find entry positions in a weak and feeble euro markets after recent weeks poor macro report. The EUR, GBP and USD, all opened lower from Friday’s trading session as these currencies were seen as riskier haven. The one that has suffered the most ‘bloody nose’ today […]
Forex: Yen Powers Away Read More »
Embarking on the journey of daily forex trading doesn’t have to be daunting. In fact, it can be a structured plan designed to simplify your trading experience and lead you to profitable outcomes. In this guide, we’ll unveil four straightforward processes that will not only make your daily trades easier but also enhance your chances
Mastering Daily Trades: A Guide to Profitable Forex Trading Read More »
