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Technical and fundamental analysis
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[QUOTE="Setho, post: 229451, member: 29023"] You must have probably learnt that forex traders are usually divided into technical analyst and fundamental analyst . It is very important that you should know this type of trading styles before you should start trading the market . Technical analysis usually try to predict a market using price action and comparing it with what has happened in the past . Technical analysis believe that history always repeat itself and that structure is just a replica of human psychology and can be able to state if people are going to be buying an asset or if people are going to be selling it . Fundamental analysis on the other hand hopes to be able to predict price movement by watching other smaller micro aspects of a particular assets. For example fundamental analysis believe that you can be able to predict price movements based on news that is spreading at the moment, the number of active addresses that are currently holding that particular except , any latest technology that is about to be introduced and also the team that are behind that particular project. There is generally no particular one that you can say is the best so you should play around it and identify which one is best suited for you . [/QUOTE]
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