3 types of analysis help to know your trading style and make steady profits!

1: Technical analysis:

Technical analysis provides a basic framework for traders to study price movements. This method is used for identifying and tracking the market trend, as well as helping investors make trading decisions on forex and all financial derivatives. In other words: all the basic events-economic events, social events, wars, natural disasters and other factors that affect the market will be reflected in price changes.

Since the forex market is one of the largest and most liquid markets, the movements on the price chart usually provide a lot of clues about the level of supply and demand. Other regular price movements, such as which currency is the strongest, can be obtained by looking at the price chart.

In the world of trading, when someone says “technical analysis”, the first thing that comes to mind is a chart.

Technical analysts use charts because they are the easiest way to visualize historical data!

You can look at past data to help you spot trends and patterns which could help you find some great trading opportunities. Whats more, with all the traders who rely on technical analysis out there, these price patterns and indicator signals tend to become self-fulfilling.

2: Fundamental analysis

Fundamental analysis is also one of the main methods of market analysis, it achieves the purpose of studying and judging the market situation through economic, social, political and other factors that may affect the demand and supply of assets. If you pay more attention to this analysis, it will be of great significance to your trading guidance. The reason is very simple. Price is determined by supply and demand.

In other words, you have to determine which economy has strong fundamentals and which is bad. You need to understand why an increase in data such as unemployment can affects a country's economy, and ultimately the market's demand for its currency. If a country's current or future economic prospects are good, its currency should remain strong. The better the fundamentals of a country's economy, the more overseas companies and investors will invest in the country, and the stronger the need to use the country's currency to acquire the country's assets.

3: Sentimental analysis:

As we have said before, prices should theoretically accurately reflect all valid market information. Unfortunately, it is hard for traders. The market does not simply reflect all the information. For the trend of the market, every trader has his own point of view and interpretation. The market is like Facebook, it is a complex cyberspace made up of thousands of different individuals. The market reflects how all traders feel about the market. The views and ideas of each trader are reflected by the level of positions they hold, which forms the mood of the market as a whole.

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