Fundamental and Technical Forex Trading - Types and What The
There are two types of trading in Forex. You either do fundamental trading or technical trading, I personally do both types. Now not a lot of people do fundamental trading because its for the more advanced traders and people who are more into the economic events around the world. The traditional way of trading is doing technical analysis which most institutes teach their students, nobody really teaches you how to do fundamental trading that's up to you. I am going give a description of both.

Fundamental Analysis - O.k this type is mostly trading from what moves the market the most. There are different kinds of market movers such as News, Oil, Gold and other economic events etc. The most popular is trading news indicators, these often move the market in a quick spike UP or Down anywhere from 20-100pips instantly and sometimes continue in the direction depending on how big the deviation is. A lot of people try to take advantage of news releases but it can be hard and the market reacts very fast depending on the event. Oil is also a market mover on some currencies, as an example if a country exports oil that currency will raise vs a country that is importing etc. The same goes for Gold, if gold rises or falls then the particular currency can move with it.

Technical Trading - What can I say everyone does technical trading. This is mostly using tools to try and predict where the market will be heading next and making entries based on you're analysis. When theres' no big economical events you can safely use this without worrying. Institutions that teach Technical analysis often warn their students to stay away from news releases because of the danger of its high unpredictable movements. The tools you use to trade are either indicators that are placed on the chart or things you draw on the chart yourself. Some examples of drawn tools are: Trend lines, Fibonacci, Andrews' pitchfork, Texts etc. Some example of indicators are: MACD, EMA, Alerts, Bollienger Bands and lots more.

There you have it those are the two types of trading in Forex, remember Forex may not be suitable for everyone. Currency prices in the Forex market may become extremely volatile at times, make sure you are aware of the risks involved trading the Forex.

Learn about news trading and why institutes don't want you trading it!! Become $$wealthy$$ and dominate the Forex market, I will show you everything you need to know how to make $$money$$ in the Forex. Sign-up for my FREE E-BOOK at http://www.forexmasteryonline.com!

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