Technical analysis of the Forex market
Fundamental analysis and technical analysis are the two major approaches to analyzing and studying the currency market, the first focusing on the underlying causes of the price movements such as economic, social and political forces that drive supply and demand.
Technical analysis focuses on the studies of the price movements themselves.
I believe that the premise of technical analysis is that all current market information is already reflected in the price movement which is why we will focus on the latter.
In the following chapter I will explain briefly the primary tools used for technical analysis, arming you with the knowledge of the professionals. Use this to compare notes and ideas, suggestions and advice with your trading firm.
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