There are 2 types of analysis you can take when approaching the forex:
Fundamental analysis and Technical analysis.
There has always been a constant debate as to which analysis is better, but to tell you the truth, you need to know a little bit of both.
It’s important to get a birds-eye view of the currency markets and learn how news affects prices. This is why you must follow and understand the daily forex news and market analysis of the professional currency analysts. Eventually, you’ll start to figure out what kind of role fundamental news will play in your trading. Fortunately, most of the Forex news and analysis is offered free on the Internet and we show you were the best ones are.
Fundamental analysis:
Fundamental analysis is a method used to evaluate the worth of a security by studying the financial data of the issuer. It scrutinizes the issuer’s income and expenses, assets and liabilities, management, and position in its industry. In other words, it focuses on the “basics” of the business.
If you want to use fundamentals to help you make an investment decision, you would rely heavily on an offering prospectus, annual and quarterly reports as well as any current news items relating to the issuer whose securities you are considering.
There follows parts of fundamental analysis will be described:
Types of charts ?
Graphical methods ?
Analytical methods ?
Technical indicators
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