Thursday, August 20, 2009

Types of Trading (Types of Charts)

2 Types of Trading
There are 2 types of analysis in Forex trading:
1. Fundamental Analysis
2. Technical Analysis

Fundamental analysis is a way of looking at the market through economic, social and political forces that affect supply and demand. In other words, you look at whose company is doing well and whose company is not doing well.

Technical analysis is the study of price movement. In other words, technical analysis = charts. By looking at charts, you can identify trends and patterns which can help you find good trading opportunities.

So which type of analysis is better?
For me, both of them are better because both of them are depending on each other.


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