Recommended Bibliography for Beginners Traders

Technical analysis, Fundamentalist and Feeling

There are several different ways to analyze the foreign exchange market in anticipation of trading. Although the categories of analysis can be plentiful, keep the end goal in sight, that is to use the analysis to identify good trading opportunities.
Let's examine the three main areas of analysis and how to learn more about them. Try each of these types of analysis to determine which of the three methods or combination of methods works best with your strategy.
technical analysis

Technical analysis

The Technical Analysis Forex involves looking for patterns in the price history to determine the most likely time and place to get in and out of a negotiation. As a result, forex technical analysis is one of the most used types of analysis.
As the Forex one of the largest and most liquid markets, movements on a graph from the price action usually give clues to hidden levels of supply and demand. Other standard behavior, as which currencies are the strongest, prices can be obtained by chart review.
Other technical studies can be performed through the use of indicators. Many traders prefer to use indicators because the signs are easier to read and make simple forex trading.
To access the technical analysis of the different currency pairs with various indicators go to Technical Analysis in Forex Tools.
fundamental analysis

Fundamental analysis

The other main type of analysis is the Fundamental analysis, what attempts to measure the real value of a currency based on various news and economic indicators of a country. Similar to a stock trader that analyzes the actions with company news, forex traders analyze the currency with news of a particular country. To do this, traders follow news, economic data reports such as GDP growth and inflation rates, Political and social events from one country to get to the real value of the currency of a country.

Follow the Main market news through Economic Calendar Forex Tools in our Website.
sentiment analysis

Feeling Analysis

The third type of analysis, called sentiment analysis, tries to give an idea of ​​how the market players are feeling in relation to a currency – whether they are in Bearish, Bullish or neutral.
Psychologically, people tend to follow the majority and, unconsciously, act similarly. That's where the sentiment analysis comes into play, which is especially useful when combined with technical and fundamental analysis. It is always good to know how market participants feel about a currency, whether they are optimistic or pessimistic. no end, is the supply and demand that drive the value of a currency.
To know the market sentiment in relation to a Currency Pair go to Forex Tools – Market sentiments.

What is the best type of analysis? This is the debate that traders have always, the answer is not clear. We suggest trying all of these types of analysis and even a combination of several or all. At the end of the day, It depends on the type of analysis that fits best with your trading strategy!
We also advise to go following our course Blog!

Good business and very successful Votes!Copy Signals

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