There Are Two Types of Analysis, Fundamental And Technical Analysis

Wednesday, December 31, 2008

Fundamental analysis uses economic as well as political indicators as means to establish Forex trades where Forex charts are basically seen as an overall picture of the market while making trades to help provide even more information during your trades.

Technical analysis, on the other had, utilizes the actual chart data to help predict what will happen next in the market.

Technical analysis uses past events and historical data to help predict movements in the market through the observation of correlations between time and pricing.
Forex charts will also show the trader what the currency is worth in relation to what currencies the trader would like to trade.

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