The objective of currency trading with a & # 39 is making a profit from the forex price movements, and here we will look at two main and basic technical analysis and see that & # 39 is the best. Thus, what method is best for you? Let's find out.
Let's consider first the fundamental analysis, which is to examine the facts of supply and demand to determine where prices may go in the future. Studying the economic and political events, currency trader buys or sells the news.
The problem with fundamental analysis is that – we all have the same facts that we need to look, we are doing different conclusions. Traders do not respond to the news and see it logically, they react to the emotions of greed and fear, and this means that you can not trade news for profit.
If you look at the currency markets, it is no news that important reaction of his traders on it, what and why, so you can see that the markets are broken when the news is at best and rallies, when her on it & # 39; s worse.
The problem with learning the basics is that this form of training does not take into account the fact that trade emotional beings, and here the technical analyst has a huge advantage.
If you use technical analysis, you just assume that the basic situation of supply and demand will be reflected in the price action, but of course you do not just see the news, you can see how each trader trades in relation to it, and the price that you see, It gives you all the news and at the same time trader psychology.
If you want to win at Forex trading, not only the use of Forex charts with & # 39 is the best way to trade than trying to trade the news, but also takes much less time. FX Technical Analysis allows you to search the three-digit profit simply by following price action and a & # 39 is the best way to trade Forex.