that traders successfully led trade on the Forex market, it needs to feel confident in the processes of the market and follow its laws.Only understanding the trends in relation to which the exchange rate moves, we can guarantee the desired result.To this end, the trader analyzes the Forex market.
analysis, in turn, is divided into fundamental and technical.Every self-respecting trader needs to know at least the basics of each type of analysis.Any knowledge are never superfluous.
Fundamental analysis combines the consideration of the relationship of economic processes in social and political spheres.The top fundamental analysts - is the ability to link together any event to exchange rate fluctuations and correct predictions on the basis of the extracted knowledge.Correctly apply this knowledge in practice, it is the key to success in the currency market.
This analyst has received this name because of the global review of the situation as well as the movement of the exchange rate - it is just a reflection of the events that occur in the world.It turns out: the economy is strengthening country-specific, this currency of the state begins to grow.
Such a law of the market, the growth rate depends on the credibility of the currency.For example, as the dollar fell with the onset of the global financial crisis.It was caused by the denigration of the currency in the eyes of the international community.Over time, the US economy is strengthening and the dollar begins to grow.
Traders conducting analysis at the time made good money on the resale of USD.It is necessary to get the most accurate prediction, it requires experience.For the successful implementation of fundamental analysis often enough to be curious and interested in the events taking place in the world.
Technical analysis - the study of exchange rates by means of graphs.This clearly gives a basis to forecast future exchange rate fluctuations.There are programs that help to carry out technical analysis of indicators signal when the situation develops optimally.Trader shall be entitled automatically to conduct trade, to help him come to the analyst, trading signals, systems and Forex advisors, its own method of trading.
technical analysis - a set of tools needed for the trader to the prediction of the behavior of the Forex.These tools are easy to use, versatile and accessible, easily used by traders to represent visual information.After a technical analysis, we will see what the ratio of exchange rates for each currency pair.Results of the analysis will determine the movement of rising or falling exchange rate relative to the other.
trader to make the right decisions, it is necessary to use the tools of fundamental and technical analysis.But in order to reliably detect signals Forex, you need to choose the right tools.
Adapted from materials from the site SpeedForex.ru.