Tuesday, November 26, 2013

Three Types of Analysis

1. Technical Analysis


  it is used to access the money movement by watching the chart 
  and by inserting some indicators. Technical analysis gives 
  information of the past money movements so we put some 
  support and resistance lines and get the idea of future happenings.



2. Fundamental Analysis


  Fundamental analysis is a style of looking at the currency 
  market by analyzing the economic, social, and political 
  happenings that also take part in making the money go or 
  down the chart.  Before making any trade, we should be 
  having an idea of current economic affairs of both the 
  countries, which currency we’re trading with.


3. Sentiment Analysis


  Difficult part --- I'm not saying that it’s a difficult 
  part to learn. It is difficult part of analyzing the Forex 
  market. The sentiment analysis is the assessment of how the 
  other traders are doing, how they react to the market. 
  Every trader has his own way of thinking and it’s all 
  up to them how they play the role of moving the market.
  Yes… traders have the ability to move the market.
  This simple verse will explain everything. QATRA QATRA 
  SAMANDAR BANTA HAI.
  Yes... just like you, there are uncountable people who 
  are trading Forex in the world.

  A few people in the Wall Street have enough money that 
  they can somewhat guide the price in whatever position they want.

  So it’s all up to you… how you analyze this thing, how 
  you gonna get the news of what’s gonna happen in the 
  future of Forex market. 



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