2013년 11월 24일 일요일

About 'forex forecast'|Forex Forecast Using Charts







About 'forex forecast'|Forex Forecast Using Charts








               Before               committing               your               money               to               any               investment,               it               is               important               to               have               a               firm               understanding               of               the               assets               you               are               dealing               with,               as               this               is               the               only               way               to               accurately               forecast               where               market               valuations               are               headed               next.

For               those               willing               to               spend               the               time               and               effort,               getting               a               proper               forex               education               and               learning               how               to               trade               forex               is               the               key               to               long               term               success.

But               for               some,               it               might               seem               difficult               to               know               where               to               start.

Here,               we               will               look               at               some               of               the               key               elements               that               must               be               understood               before               any               real               money               is               deposited               into               your               forex               broker               account.
               Technical               and               Fundamental               Analysis
               First,               it               should               be               understood               that               there               are               two               main               reforms               of               market               analysis:               Technical               analysis               and               Fundamental               analysis.

The               differences               are               stark               and               important,               and               it               will               depend               on               your               individual               skill               set               to               determine               which               overall               approach               you               want               to               take.

For               those               with               a               more               "mathematical               mindset,"               Technical               analysis               offers               ways               to               observe               and               assess               price               data               on               historical               charts               as               a               way               of               forecasting               where               markets               will               go               next.

For               those               with               a               more               "literary,               fact-based               mindset,"               it               usually               makes               sense               to               use               Fundamental               analysis.

With               this               approach,               investors               analyze               economic               data               (like               GDP               or               inflation)               in               order               to               forecast               market               prices.

Any               proper               forex               education               will               require               some               understanding               of               both               these               disciplies               but,               in               practice,               investors               will               generally               prefer               one               approach               over               the               other.
               Any               reputable               forex               broker               will               have               free               educational               materials               available               for               you               to               study,               and               it               is               important               to               take               advantage               of               these               offerings               before               making               any               trades               with               real               money               (that               is,               not               using               a               virtual               demo               account).

When               you               are               still               early               on               in               your               investment               career,               it               is               important               to               have               patience               and               learn               about               what               really               drives               markets,               as               this               is               the               only               way               to               avoid               unnecessary               losses               in               the               future.
               Starting               with               Economic               Data               Reports
               Any               major               price               movement               in               the               forex               markets               is               going               to               be               driven               by               changes               in               economic               data.

Is               GDP               growth               in               the               Eurozone               expanding               at               a               faster               rate               than               markets               had               previously               anticipated?

Is               inflation               falling               in               Japan?

Are               jobs               numbers               in               the               US               economy               rising               or               falling?

These               are               the               types               of               questions               you               will               need               to               be               able               to               answer               before               any               real               trades               should               be               placed.

It               might               see               difficult               at               first               to               not               only               interpret               but               to               simply               find               this               information.

Luckily,               these               reports               are               released               at               scheduled               times               and               can               be               easily               located               at               many               reputable               sources.
               Once               released,               markets               will               react               based               on               whether               a               given               data               point               comes               in               above               or               below               market               expectations.

For               example,               if               a               report               shows               weakness               in               US               GDP,               forex               markets               would               be               more               likely               to               sell               the               US               Dollar               on               that               day.

So,               as               you               can               see,               beginning               with               a               proper               forex               education               might               seem               daunting               at               first.

But               if               this               is               approached               with               patience               and               hard               work,               these               markets               are               something               that               can               be               easily               mastered.






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