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Analysis is the key to Forex Trading #2

Fundamental analysis requires an understanding of the international economy and its agreements with the factors not yet accounted for by the market. This school of analysis works with long-term and investment trading.

The disadvantage of this type of analysis is the element of uncertainty that many entries create. The advantage of fundamental analysis is that when they are carried out correctly, they predict the fundamental movements of the price, which can help generate profit over a prolonged period of time.

Technical analysis is a more modern form of market analysis that only deals with two variables - time and price. Both are strictly quantifiable, accounted for by the market and are both undeniable facts. That's why, for many, Forex trading works best when you study charts instead of doing economic research.








Comunidad
 


EURUSD today as we see here, the price is still sideways so it is good if you use your trapping strategy, you can open sell position when the price breaks support area at 1.0493 with potential target up to 1.0460
 

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