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Forex Forecasting : Three General Types of Market Analysis.
There were traders in different types of forex forecasting, how traders made some Market Analytics and used it as basic for decision buying or selling currency/ CFDs /Stockcs. Each trader has their own favorite method. In general, these types of market analysis were generalized in three types :
1. Technical Analysis
2. Fundamental Analysis
3. Sentiment Analysis
It is true there many fanatic ( of a certain market analytics) traders claimed that technical analysis is the best one for giving superior forex signals, or other groups said fundamental analysis much better, or some said sentiment is more precise. Don’t be confused. The three types all are the best. It’s just like if you have three different legs, if one of them broke, you feel the pain.
Technical analysis is the study of price movement on the charts, fundamental analysis pointed at how the country’s economy condition and Market sentiment analysis determines whether the market is bullish or bearish on the current or future fundamental outlook.
Every types is essential for your trade, depending the situations. No need tu rush and don't think about fast track to forex. Learn it all step by step, practice it and time after time you will learn how to use these different type dealing with certain situation and taking advantaged gaining profit or minimized risk from it. Every type has it's own advantage to generate trading signals based on certain conditions, sometimes they need to be mixed, it's depend on you. The point is, goo trade as you like. as long as you generate green pips then you did in the track.
There were traders in different types of forex forecasting, how traders made some Market Analytics and used it as basic for decision buying or selling currency/ CFDs /Stockcs. Each trader has their own favorite method. In general, these types of market analysis were generalized in three types :
1. Technical Analysis
2. Fundamental Analysis
3. Sentiment Analysis
It is true there many fanatic ( of a certain market analytics) traders claimed that technical analysis is the best one for giving superior forex signals, or other groups said fundamental analysis much better, or some said sentiment is more precise. Don’t be confused. The three types all are the best. It’s just like if you have three different legs, if one of them broke, you feel the pain.
Technical analysis is the study of price movement on the charts, fundamental analysis pointed at how the country’s economy condition and Market sentiment analysis determines whether the market is bullish or bearish on the current or future fundamental outlook.
Every types is essential for your trade, depending the situations. No need tu rush and don't think about fast track to forex. Learn it all step by step, practice it and time after time you will learn how to use these different type dealing with certain situation and taking advantaged gaining profit or minimized risk from it. Every type has it's own advantage to generate trading signals based on certain conditions, sometimes they need to be mixed, it's depend on you. The point is, goo trade as you like. as long as you generate green pips then you did in the track.
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