How to analyze the market?

[Toyoabasi]

In forex if we want to trade we must to have a good skills to analyze this market correctly and there are so many indicator to analyze this market. In your metatrader platform you will find many indicators standart and the another way to analyze this market is using price action method.

Indicator is the important tool for trader to analyze this market to predicted the price before decide to open position buy or sell.
There are two indicator can be used by trader it is TECHNICAL and FUNDAMENTAL. And most of traders use technical because it is more easy to use it.

Now. If you are trader which one method do you use. For me. I am using price action method.

Well stated.
As a forex trader, you should be able to analyse the market, this will help you know when to buy or sell, thereby preventing losses.

 

[HayKay]

I haven't really explored the forex market that much though - I only had a short stint with the indices market and it wasn't funny.
One thing I know is that emotional intelligence is very important when it comes to profiting in the forex market.

 

[Kunkun]

There are no certainties when it come to analyzing a market especially with forex but it can be done, there are people who have done so well in the past and present to look up to and also some genuine information outlet

 

[tyrim88]

Though the market in forex is something that bif you do not follow vwer well you will just loss a lot of money,one need to have a strategy to follow so that his losses would minimise as he trade.

 

[Sincerem]

In forex if we want to trade we must to have a good skills to analyze this market correctly and there are so many indicator to analyze this market. In your metatrader platform you will find many indicators standart and the another way to analyze this market is using price action method.

Indicator is the important tool for trader to analyze this market to predicted the price before decide to open position buy or sell.
There are two indicator can be used by trader it is TECHNICAL and FUNDAMENTAL. And most of traders use technical because it is more easy to use it.

Now. If you are trader which one method do you use. For me. I am using price action method.

Technical analysis is much more stronger because it is dealing on every day chart to understand when to buy and sell. It is not every time that we will see the fundamental analysis affecting the Market to a greater extent.

 

[GoldenLady]

I believe it's wrong to think that either technical analysis or fundamental analysis, that one of the two is more superior. Any good trader will work with the two. The goal of every trader in forex, cryptocurrency, stocks is to make profits irrespective of what others think about your strategy.