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[QUOTE="Domsimon, post: 92805, member: 30021"] Analysis in forex cannot be over emphasized. It is so important such that if a trader fails to consider it before embarking on trading, is likened to a sailor sailing the high Sea without compass and direction. The implication is that you are bound to crashed. There are two major types of analysis in forex trading. They are technical and foundational analyses. Some trader tilt towards technical analysis while others prefer foundational analysis. In technical analysis, a trader is focusing on studying the behavior and movement in the market using candle sticks. Here candle sticks become a crucial indicator in understanding the market which enables one to take informed decisions. [/QUOTE]
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