So far, we've learned a lot about forex. OK, it's time to bet on real accounts, get money, and become a billionaire. What are you talkin' bout? I do not understand. Listen. Knowing the trend, candlestick, charts, quotes will not be enough to make you become successful in forex trading. There is still much we need to do.
Basically, forex trading is an art, in this case is the art of analysis. How can it be? certainly could, each person / individual can produce art / style of trading who is different. can be said even if you sit under the same person, not necessarily the result is the same for each of his followers. And not necessarily the same even with the teacher himself.
Capabilities and expertise (skills) analysis, will be one of the main factors of success or failure of a person in the world of forex trading. A good forex analysis will be able to always be consistent / repeated profit, and able to survive in the long-term. Besides, Forex Analysis can avoiding the risk of Forex
So far, I just heard there are 3 analysis commonly performed by forex traders. They are Technical Analysis, Fundamental Analysis, Sentiment Analysis. Well .. okay, I know you have many questions, "What is Technical analysis?", "what it is Fundamental analysis?", and "what is a Sentiment Analysis". Calm down buddy, I'll explain it one by one.
TECHNICAL ANALYSIS.
Technical analysis is the study of price movements in terms of mathematical analysis. From here we can imagine there will be charts or calculations / mathematical formulas in it. With historical data and current price action imaginable then the analysis can give a projection on which the price will go up, down, or turn around. Or it could be called a 'trend' is sought in technical analysis. By identifying trends or patterns correctly, will be able to help you to find the best trading opportunities.
People say that in the technical analysis TREND is your friend. If you are able to recognize trends like your friend, then he would give money (profit) to you.
Up here you so discouraged? Well I'm not good at math, I would be weary to use technical analysis, do not imagine I must be dizzy see numbers and formulas ..
Take it easy :) .. patient to follow and read our article. Not as complicated as who imagined ..
FUNDAMENTAL ANALYSIS
Fundamental analysis is a way of seeing the market through economic, social power, and politics that affect supply and demand. In other words, you should see good economic conditions, or conditions who sucks. The idea behind this fundamental analysis is that if a country's economy well, then their currency will also be good. And result in increased confidence from other countries toward those currencies.
For example, the value of the U.S. dollar continues to rise as the U.S. economy is improving. The consequences could be even higher interest rates to control inflation, the effect is the value of the dollar will also continue to strengthen.
For now we take the base line, that fundamental analysis is a way to analyze the market through economic conditions of the country concerned.
Several CHAPTER forward, we will be busy with some recognize indicators of technical analysis and fundamental analysis news that affects the price of the currency. For the "sentiment analysis", I do not want to create an own conclusions. Because I have not been studied further and detailed analysis of sentiment. As I said before, this article is based on my experience and knowledge in forex trading. So, I would not write things that I do not know, because I do not want to be called a smart ass. If one day at least I already know about sentiment analysis, I will make an article on this blog, so ... keep guys stay tone. And calm, without any sentiment analysis, you can still get money from forex trading.
OK. Before continuing, I want to make a firm decision with you. I have 2 tickets. Red ticket to go home, and a green ticket for your departure to a place full of lessons. If you choose a red ticket, that means you will go home, stop from class forex trading. My suggestion, immediately close this blog and forget all we've discussed. Please return to your old life.
If you choose a green ticket, you will be taken to a place where many lessons about forex analysis. Learn technical analysis, fundamental analysis, Money Management, and other techniques contained about forex. You will become a forex trader in the future. When you choose a green ticket, you will not be back until completion of all lessons to be learned.
Now, make a decision. Make a commitment here. Want to continue or return home. I wait your answer. If you choose a green ticket, feel free to enter the next class. I will welcome you with warm hands. ^_^
3 komentar:
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