Sun. Jun 20th, 2021

Fxtriangle | Market analysis | Managed trading

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Which Type of Analysis for Forex Trading is Best?

1 min read

There is no “best” method of study for forex trading between technical and fundamental analysis. The most viable option for traders depends on their time-frame and access to information. For a short-term trader with only delayed information to economic data, but real-time access to quotes, technical analysis could also be the well-liked method. Alternatively, traders that have access to up-to-the-minute news reports and economic data may prefer fundamental analysis. In either case, it doesn’t hurt to conduct a weekend analysis when the markets aren’t during a constant state of fluctuation.

Technical analysis is that the study of currency price movement on the charts while fundamental analysis takes a glance at how the country’s economy is doing.

Market sentiment analysis determines whether the market is bullish or bearish on this or future fundamental outlook.

Fundamental factors shape sentiment, while technical analysis helps us visualize that sentiment and apply a framework to make our trade plans.

 

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