FOREX trading refers to the international market, 24/7, over the counter. An exchange where currencies from various countries are bought and sold. Trading is always carried out in pairs assuming the price of the currency bought goes up and that is sold falls. This is the largest liquid financial market that makes it impossible for every single investor to influence currency prices.
There are two types of FOREX investment strategies:
- TECHNICAL ANALYSIS
- BASIC ANALYSIS
The technical analysis considers the factors that really affect the market. Thus the price quoted reflects all the factors that influence it. The only facts and figures produced by the market are considered. And factors such as fear, hope, hope or other changes are not considered. Thus the analysis is generally based on this assumption:
• Prices reflect all actual market movements. That means the price includes everything that is known to the market such as foreign exchange supply and demand. And also political factors, trade agreements, etc. He does not care about what produces change rather than dealing with actual change.
• It relies on market patterns that have been identified as significant. That means factors that are repetitive or will produce the desired results.
• History always repeats because human psychology changes very slowly over time. That is a predictable market movement.
VARIOUS TECHNICAL INDICATORS ARE:
1. RELATIVE STRENGTH INDEX:
It takes into account the ratio of upward and downward movements in the index and expresses it in the range of zero to one hundred.
Charts include various hills, slopes, curves that develop on charts over time. And that reflects some big and small changes in the pattern.
The gap represents the area on the bar graph where no trade has taken place.
This indicates an overbought or/and undersold condition. This uses a scale of zero to one hundred percent.
THE BEST TECHNICAL INDICATORS COMBINED IN FOREXSIGNAL30
Forexsignal30.com is the best forex signal provider website today. The system uses several technical indicators and can give you accurate and timely Buy Sell signals. Signals from indicators do not repaint, and consistently generate profits. This indicator is worth $ 88, you can buy it at https://forexsignal30.com/
This is where the current economic, political, and financial situation of a country’s currency is studied. The economic and political conditions of a country depend on many factors. Such as interest rates, unemployment rates, exports and imports, income per capita, the percentage of people living above and below the poverty line, inflation, trade relations with other countries, tax policies, etc.
A fundamental analyst studies and evaluates all of these factors before making a decision. Therefore it helps in making long-term decisions and produces profits in the short term with extraordinary developments.
Some indicators that help in the fundamental analysis include:
1. DIRTY DOMESTIC PRODUCTS:
This reflects the total market value of all goods and services produced in a country during a particular year.
2. RETAIL SALES:
This reflects the total acceptance of all retail stores in a country.
3. CONSUMER PRICE INDEX:
This reflects changes in the prices of consumer goods.
4. BUSINESS CYCLE:
5. MONETARY POLICY:
He controls the money supply in an economy.
Successful trading requires knowledge, time and understanding of a market. You cannot produce continuously on the Forex market because of its fluctuating nature. So as a trader, you should try to consider the technical and fundamental strategies of forex trading. Then make decisions based on market expectations and trends. Try trading with money that you can lose without regret. Trade with logic and if you are not sure stop and rest for some time.