For any aspiring forex trader, one of the first things to embrace is a trading strategy. The strategy you choose to follow should comply with your trading capital, trading style, goals, risk aversion, and method to analyze the money market. Forex traders use two broad approaches to analyze the market.
Forex Fundamental Analysis
It used to be the case that fundamental analysis was the be all and end all of market speculation. All the famous traders, all the up and comers and everyone else in-between considered themselves a fundamental analyst. Technical analysis was a myth, a load of nonsense dreamt up by traders who couldn’t get fundamental analysis […]
In order to successfully create a forex trading strategy all profitable traders will use some sort of either technical or fundamental analysis. Many traders choose to go with technical analysis as their main tool because it, all else being equal, is easier to implement than fundamental analysis. With the software available much of the hard […]