It would be a mistake to think that market movements are strictly by chance.
There are several factors that affect the forex market, some historically predictable other predictable with minimal knowledge of the market and world news.
On the one hand we have the fundamental analysis, which shows how economic events relevant and certain international variables affect the value of the currency. For example, rates interest, inflation, economic policy, terrorism, climate, etc.
Many investors in this market are based on this analysis to try to predict the price movements of the currency. For example if a Central Bank announced that will lower interest rates in particular currency, this means that currency is not worth both in the future and therefore its price after this announcement will begin to fall.
Another thing is technical analysis based on the study of historical quote currency. This means that the path is analyzed past contributions to try determining a pattern to be repeated or any indication of when trends change.
We leave with you several reference sites we recommend for both those want to start Forex, as well as those who have been investing time but want be updated.
Forex Trendy is an advanced software capable of detecting the most reliable continuation chart patterns. It scans through all the forex pairs, on all time frames and analyzes every prospective breakout.
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