2 Types of Analysis Trading

In approaching Forex Trading, there are 2 basic types of analysis you can take viz:-

1. Fundamental analysis
2. Technical analysis.

There has always been a constant debate as to which analysis is better – both of Pros and Cons. You must need to know a little bit of both in order to fully understanding the market.

Fundamental Analysis

Fundamental analysis is a way of looking at the market through economic, social and political forces that affect supply and demand i.e. if a country’s economy is doing well, their currency will also be doing well. This is because the better a country’s economy, the more trust other countries have in that currency.

Technical Analysis

Technical analysis is the study of price movement. It has been shown that by studing the historical price movements, and, based on the price action, one can determine at some level where the price will go i.e. you can identify the trends and patterns to help you to find good trading opportunities.

So which type of analysis is better?

Both types of stong advocates. One is not better than the other. You need to know how to effectively use both types of analysis in order to help you to trade better to make good monies at the time.

Why Trade Foreign Currencies?

There are many benefits and advantages to trading Forex. Here are just a few reasons why so many people are choosing this market:

· No commissions.

· No middlemen.

· No fixed lot size.

· Low transaction costs.

· A 24-hour market.

· No one can corner the market.

· High Liquidity.

· “Mini” and “Micro” Trading lot size

Forex Trading

Forex Exchange or ForexTrading, forex or just FX are all terms used to describe the trading of the World’s major currencies. The Forex market is the largest market in the World, with trades amounting to more than US$1.5 trillion every day. This is more than one hundred times the daily stock trading of the New York Stock Exchange (NYSE).

Unlike trading on the stock market, the forex market is not conducted by a central exchange, but on the “interbank” market, which is thought of as an Over the Counter (OTC) market. Forex Trading takes place directly between two counterparts’ Countries. The main Forex Trading Centres are New York, USA, London, Frankfurt, Sydney and Tokyo. This worldwide network of Forex Trading Centres means that the Forex market is a 24-hour market.

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