Forex Analysis

There are four main types of forex analysis used in foreign exchange forecasting:

- Fundamental. It sees economic basics, economic indicators and financial and political factors.

- Technical. It studies the different types of charts, trends, patterns, gaps and mathematical indicators.

- Fibonacci. It gives ratios which play an important role in the forecasting of market movements.

- Elliott Wave Principle. It studies the market behavior according to certain patterns.

As you can see, each of them plays a very important role in the decision-making process before a currency trading transaction.

They are not hard to understand and they are fascinating, especially the fundamental analysis: you have new information every day and it makes it easier to read the other three types of analysis and make more accurate trading decisions.

Click on the link below to learn more of what foreign exchange is all about.

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