FOREX MARKET ANALYSIS
Analyzing the Forex market can be very unclear to new traders. Forex analysis is how traders assess the next move a currency pair is about to take, by providing insights for taking a position. For this reason it is an essential tool for traders to make the best decisions in their daily trading routine, based on the fundamental and technical aspects of an asset. Fundamental analysis is based on the countries' economic situation, future prospects, and primarily what central banks plan to do with interest rates. Technical analysis focuses on previous price action, the repeat of well-known chart patterns, and other factors.
Analyzing the market must include all the following:
• Identify the long term trend
• Points of entry and exit
• Best trading session
• Trading plan
Analyzing the market will help you understand the strength of the overall trend, while providing you with a strategy needed to lower your risk of loss. Each analysis will be generated using our experience formulated by proven trading strategies.