Learn forex technical analysis


When you first begin to learn forex trading strategies you will see that they vary in their approach in two significant, but general ways. There are those who examine currency movements from a fundamental point of view, while others look at it from a technical view point. A fundamentalist will analyze factors that directly influence the value of a currency; most of these are either economic or political in nature. A technical analyst is only looking at prices and price movements over time. They chart the movements and are able to predict the future movement of currency prices, based upon certain patterns in the data.

Most of the seasoned professionals who make money trading on the Forex do so with technical analysis, but it would be a mistake to begin learning this type of approach without first learning the fundamentals. All successful chartists have a strong foundation in the fundamental factors that influence currency price movement. Once you have learned the basics, you can move forward with learning the technical aspects of price movements, but you should only learn with one currency pair. By doing this you will eliminate many of the extra variables that come into play when attempting to analyze multiple currency pairs.




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