Hi guys, I am pretty busy, but found some time to enter on what I was looking at longer time. I would love to join you in the chat, but atm time is my enemy. So thanks everyone for the great posts. And btw, trying the Oanda charting software again =) This is demo acc but approx same position taken on my real MT4, mby I should move my money to Oanda?..
Share USD Photos or Charts with a description either written directly on the Photo/Chart or in the description box provided. This will help community members understand the photo, trade, analysis, results or strategy.
Forex Market analysis relies on two types of analysis much like Stock Markets: Technical Forex Market Analysis views the data on a chart and considers that the News and Data is built into the Price already (economic, political, social, sentimental and psychological). Various tools and indicators will be used by technical traders, for instance MACD, Bollinger Bands, Moving Averages and more.
Fundamental Forex Market Analysis also uses indicators, for instance reports, Gross Domestic Production (GDP), Retail sales, Consumer spending, Industrial Production, Consumer Price Index, Commodities, Economic Calendars, Balance of Trade levels which could identify Trends between other Nations and more.