The 2 Types of Forex Analyses

Okay, so now you’ve learned some Forex history, how it works, what affects the prices, what broker you should choose, blah blah blah.

ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ.

This is all obviously mega important, but I know what you’re now thinking…

Well, say no more my friend because here is where your journey as a Forex trader begins…

This is your last chance to turn back…

No?

Great! 

I know you wouldn’t anyway, you legend. 

Now, let’s say you want to place your first trade, demo or live. 

How do you decide what currency pair to trade? And how do you know whether to buy or sell? 

Well, normally you will need to analyse and develop ideas to trade the Forex market.

That is of course if you’re nothing like me a few years back and let your dog pick a currency pair and place the trade for you.

Shocking, I know, but in my defence, It was a demo account.

Anyway, yes, so in order to develop ideas you will have to analyse the market. 

Throughout your journey as a Forex trader, you’ll most likely come across 2 different types of Forex analyses.

–

Technical Analysis and Fundamental Analysis.

–

So which type of Forex analysis is the best?

The million-dollar question…

Everyone would love to know the answer to that.

There has always been a constant debate as to which analysis is better, but to tell you the truth, you need to know both.

And throughout your journey as a Forex trader, you will find strong points for both types of analyses.

Let’s start off by having a closer look at both, Technical Analysis and Fundamental Analysis, and how you would analyse and develop ideas to trade the Forex market using each of these.

Just click next to read the next chapter.