Three Basic Market Analysis Methods in Forex Trading
You’ve really made it through the pre-trading phase, haven’t you?
So far, you’ve learned about the history of the forex market, how it operates, what influences prices, and more.
Now, we know what you’re thinking…
Boring!
So boring!
Hurry up—tell me—how—to—start—making—money
Now, you’re about to embark on your journey as a forex trader, during which you’ll have fewer friends;
This will also be your last chance to make a transformation.
Take the red pill, forget everything, and we’ll take you back to where you were before. You can return to your old 9-to-5 life, working tirelessly for someone else for the rest of your days.
Or…
You can take the green pill, made from dollar extract, and after taking it, you’ll learn how to make money for yourself in the world’s most dynamic market, using just a bit of brainpower.
Remember this: never stop learning. Even after graduating from this forex school, you must continue to expand your knowledge as much as possible. Only then can you become a true master of the forex market. Learning never ends!
Are you ready to make this commitment?
Now, take the green pill, pack your lunchbox—the "How to Trade Forex" class is starting!
Three Market Analysis Methods
At the beginning, let’s look at the three analysis methods that will guide your forex trading in the market. There are three basic market analysis methods:
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Technical Analysis
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Fundamental Analysis
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Sentiment Analysis
The debate over which of these three methods is better will never end, but the truth is, you need to know all three.
It’s like standing on a three-legged stool—if any one leg is shorter, your weight will break the stool, and you’ll fall flat on your face.
The same applies to trading. If you’re deficient in any of these three methods and ignore its importance, your chances of failing in trading will be extremely high.
