Technical analysis and fundamental analysis, the stock markets is the FOREX market the same as in the two basic areas of strategy. But to use the technical analysis of the joint strategy by individual FOREX traders. Here is a brief summary of how to analyze the forms and directly apply to forex trading:Fundamental AnalysisIf you are a company that is enough to believe that the constant value, but should seek the evaluation of an entire country.
But some traders, short-term trading newsletter that is absolutely necessary. Are the market values at different times in different fundamental indicators are a lot of money. To get started, a few of them are as follows:* Non-farm Employment* Purchasing Managers' Index (PMI)* Consumer Price Index (CPI)* Retail Sales* Durable GoodsThese reports must observe not only the basic factors that need to know. In a report to one of several different markets may have on the meeting, there are also some quotes and comments. These meetings are not usually affect the interest rates, inflation and other issues with the ability to discuss currency values are met.In fact, comments like the head of the Federal Reserve on interest rates also look at some of the questions, like how to make the changes in volatile markets. The Federal Open Market Committee meeting, the attention paid to two important and Humphrey Hawkins Hearings.Read and comment on reports by the inspection of FOREX fundamental analysts, all long-term market trends can help to better understand and be able to benefit at the same time for short-term investors, extraordinary events. If you decide to follow a basic strategy, the reports published in the know always want to work, make sure to keep an economic calendar handy. The broker may also be able to provide its real-time access to such information.Technical AnalysisLike their equivalents in the stock market to analyze Forex trading market, technical analysts, the price trend. , FOREX and technical analysis of stocks only real difference between technical analysis forex markets are open 24 hours a day time frame.Therefore, this factor in the time, some forms of technical analysis will be modified so that with 24-hour FOREX market to operate. Some of the most common forms of technical analysis used in FOREX:* Elliott Wave* Fibonacci studies* Parabolic SAR* Pivot PointsMany technical analysts, on behalf of the technical work to more accurate predictions have a tendency to combine.(For it is the most widely used method, combining the Fibonacci studies with Elliott Waves.) Buying and selling conditions similar to others in an effort to find again and again to choose to create trading systems.Strategy SelectionMost successful traders develop a strategy and a specific time period is characterized by. Some others as a means of determining the wide range of occupations, some people are with spectrum analysis, is to focus on a particular study or calculation. Most experts, likely to make long-term projections and also determine entry and exit points for the fundamental and technical analysis, recommend that you try a combination. Of course, ultimately, to decide what is best for him, the same dealer.Consistent practice to make a profit from the FOREX market, so if you are ready to go to have opened a demo account and paper trade. Many fail, a tendency to jump into the FOREX market and quickly lose a lot of money because of lack of experience. Take time to learn to trade properly before capital and important.In addition, the beer trade without emotion. It is the ability to run or not they can follow all the stop-loss points. To automatically run every time you need to set the stop loss and take profit points, and unless it is absolutely unchanged.To make decisions and stick to it. Otherwise, you are crazy and even brokers.Also should realize that to follow the trends. If you are against the trend of the FOREX market development and trade with the trend more than likely going to have anything because they're just messing with the money to a higher chance of success.FOREX market is the world's largest market and always will be a growing interest of people every day. But before you start trading, brokers, make sure that certain criteria and take the time to find a trading strategy that works for you.
Fundamental analysis of Forex market is often very difficult and long-term trends are usually used only as a means of prediction.