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Financial Resources
Basics of Forex Trading
Sunday, April 14, 2013
Like stocks, trader on the forex market use two main ways to analyse and forecasting price: fundamental analysis and technical analysis.
Fundamental Analysis
Unlike fundamental analysis of the stocks is only interested in the financial index and all aspects of a business, fundamental analysis of the forex focus on indicators related to macro economic such as interest, inflation, economic growth (GDP), export-import, investment ... of a nation.
I think, the hardest part of this school is to identify what information important and the impact of such news on the market like?
Technical Analysis
Unlike fundamental analysis, technical analysis of the forex similar to it of the stock when both use prices and volumes to draw graphs. Based on this graph, trader make judgments related to price fluctuations and trading decisions.
My experience when trading forex is to use the basic indicator MACD, RSI, Bollinger Band, Stochastic Ocillator and the basic theory as the Dow theory, the yellow sequence Fibonacci, the Elliott wave. Additionally, I use 4h timeframe to determine the investment strategy. And what about you?
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