The Internet exchange of currencies Forex is a relatively young business, "located" on the World Wide Web. However, this does not prevent him from leading the ratings of the most dynamically developing types of business. Its appeal lies in the fact that it brings good returns not only to those who invest in currencies, but also to those who help investors navigate the market.
Profit from trading is made up of the difference between the buy and sell prices. To be successful in this business, you need to be able to anticipate fluctuations in the rate and direction of movement (trends). Forex analytics - the cutting edge of currency trading in the Internet. The essence of analytical studies of the foreign exchange market is to predict the future movements of the exchange rate up, down or calm (no change) based on the events of the present and recent past. Here the rule is: "History repeats itself."
There are two main types of analysis - fundamental and technical .
Fundamental analysis
Fundamental involves the study of news and macroeconomic indicators of the world's leading corporations, trade unions and countries. Based on this data, the analyst builds a forecast of the course change. For example, the currency of a country that is preparing to go to war will inevitably depreciate, and the market allows you to make money on it. Forex news projects global events on changes in exchange rates.
Technical analysis
The second type of analysis - technical - occupied the minds of leading mathematicians such as Newton, Elliot and Einstein. It consists in studying and applying in practice the patterns of movement of the price indicator on the chart. This chart is a reflection of the behavior of all market participants and it obeys well-studied and trouble-free operating laws that an experienced analyst knows by heart.
Trading on the news
The answer to the age-old question - is it worth trusting analytical forecasts - each investor chooses for himself. There are large think tanks employing professionals in their field. As a rule, they themselves trade according to their forecasts based on forex news, which speaks about the quality of their research. It is also possible to work in Forex without such support, but for this you have to become an analyst yourself, and this will take years of painstaking preparation. Or you can pay for the services of a specialist and quickly get a forecast of the most likely course of events, saving your time and significantly increasing the chances of profit.
