forex fundamental analysis?
Saturday, February 22, 2014
, Posted by Ryanita at 3:00 PM
Pandu M
signal information.
Answer
the forex market is so volatile, you can never expect any good input from any forex signals or tips. they are most of the time rendered useless and you will only get frustrated the more. perhaps you may want to try this site. here the can provide you with a personal Account Service manager with whom you can talk live over the phone, email or chat. subsequently he can provide you the tips, tricks and whatever is needed to profit in this business.
the forex market is so volatile, you can never expect any good input from any forex signals or tips. they are most of the time rendered useless and you will only get frustrated the more. perhaps you may want to try this site. here the can provide you with a personal Account Service manager with whom you can talk live over the phone, email or chat. subsequently he can provide you the tips, tricks and whatever is needed to profit in this business.
Which is better Technical or Fundamental Analysis in Forex?
LoveeR
Can Anybody tell me which is better analysis Technical or fundamental?Or there is any other way to predict about the Currencies/Forex Market?
what are uses of these analysis?are these worthless?
Answer
Either Technical or Fundamental analysis can be used in the forex market. Traders can make legitimate cases for either, and many will incorporate both into their strategy.
Fundamentals:
Traders using fundamentals look at the relative strength of each economy by reviewing economic information such as interest rates, GDP, employment, inflation, stock market healthm, etc. Traders/investors will move their money to the country where they can get the highest rate of return. And since you're trading in currency pairs, you want to trade the strongest currency versus the weakest currency when judging by the fundamentals. You can compare this to stocks. Everyone wants to buy the stock that has the brightest outlook, strongest growth, biggest profits, etc. The difference with currencies is that you're judging the countries economy instead of a companies balance sheet and growth outlook. Sure, political events will affect a currency, and so do management decisions...Steve Jobs at Apple, Ken Lay at Enron,etc.
Technicals: The same technical analysis used in the stock market can be used in the currency markets. In fact, some traders find it works better since there is less gapping in currencies. So you can use technical indicators, support, resistance, trendlines, candlesticks, etc.
Here are two resources to learn more about fundamental and technical analysis. I say it's best for you to learn both and use which one you find works best for your trading.
http://forexforums.dailyfx.com/free-video-forex-trading-course/
http://www.babypips.com/school/
Either Technical or Fundamental analysis can be used in the forex market. Traders can make legitimate cases for either, and many will incorporate both into their strategy.
Fundamentals:
Traders using fundamentals look at the relative strength of each economy by reviewing economic information such as interest rates, GDP, employment, inflation, stock market healthm, etc. Traders/investors will move their money to the country where they can get the highest rate of return. And since you're trading in currency pairs, you want to trade the strongest currency versus the weakest currency when judging by the fundamentals. You can compare this to stocks. Everyone wants to buy the stock that has the brightest outlook, strongest growth, biggest profits, etc. The difference with currencies is that you're judging the countries economy instead of a companies balance sheet and growth outlook. Sure, political events will affect a currency, and so do management decisions...Steve Jobs at Apple, Ken Lay at Enron,etc.
Technicals: The same technical analysis used in the stock market can be used in the currency markets. In fact, some traders find it works better since there is less gapping in currencies. So you can use technical indicators, support, resistance, trendlines, candlesticks, etc.
Here are two resources to learn more about fundamental and technical analysis. I say it's best for you to learn both and use which one you find works best for your trading.
http://forexforums.dailyfx.com/free-video-forex-trading-course/
http://www.babypips.com/school/
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