The best way to analyze the foreign exchange market.
There has been a constant argument among different school of thoughts as to which type of forex trading strategy is the best between this two main type of forex trading strategy;fundamental analysis and technical analysis.
There is no basic type of forex trading strategy that is the best between fundamental analysis which is based on looking the market on current news release, interest rate,political and economic news,forces of demand and supply.In fundamental analysis we represent currencies with their economy and as a countries economy appreciates so also does it currency etc.
And technical analysis which is looking the market based on price movements.Technical analysis is the study of price movement. In one word, technical analysis =
charts. The idea is that a person can look at historical price movements, and, based on the price action, can determine at some level where the price will go. By looking at charts, you can identify trends and patterns which can help you find good trading opportunities.
Finally,in order to become a true Forex master you will need to know how to effectively use both types of analysis. The Forex market is like a big flowing ball of energy, and within that ball is a balance between
fundamental and technical factors that play a part in determining where the market will go.
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