- Joined
- May 11, 2021
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Hello all forex traders here.
As a forex trader I would like to share the way of analysis to you all. We all know thag there three types of analyis in a forex market- Technical, fundamental and sentiment. There may be some more but these three are the most commonly used and have most impact on the market.
Technical analysis is important one. A trader needs to analyze the charts, its ups and downs, its indicators, candle stick patters etc to gather information. With the help of these information a trader can predict the market where it may head in future.
While fundamental and sentimental analysis is a theroitocal one. Fundamental analysis involved the news and long term view of the market. For example the impact of israel palestine conflict, outcome of CPOC meeting etc. Sentimental analysis comprises of the market sentiment. What is the position of traders in the market in buying or selling position and what could be their reaction.
In my view, all three analysis is Important in all their way. We can't blindly trust technical or fundamental or sentimental analysis. The perfect analysis is the combinations of equat proportion of all these. So a trader must got ve equal importance to all of the analysis while trading.
As a forex trader I would like to share the way of analysis to you all. We all know thag there three types of analyis in a forex market- Technical, fundamental and sentiment. There may be some more but these three are the most commonly used and have most impact on the market.
Technical analysis is important one. A trader needs to analyze the charts, its ups and downs, its indicators, candle stick patters etc to gather information. With the help of these information a trader can predict the market where it may head in future.
While fundamental and sentimental analysis is a theroitocal one. Fundamental analysis involved the news and long term view of the market. For example the impact of israel palestine conflict, outcome of CPOC meeting etc. Sentimental analysis comprises of the market sentiment. What is the position of traders in the market in buying or selling position and what could be their reaction.
In my view, all three analysis is Important in all their way. We can't blindly trust technical or fundamental or sentimental analysis. The perfect analysis is the combinations of equat proportion of all these. So a trader must got ve equal importance to all of the analysis while trading.