Fundamental Analysis
This type of analysis is based on latest news, political situation, monetary policy and financial data which is easily accessible from many top ranking websites, this is the most important type of analysis and market can never ignore its impact on itself, For example if we heard and assure that USD (United State Dollar) will be fall down in next hours so then we can trade in all currency pair’s which pair have USD, just take a look on these two pair’s
GBPUSD
USDJPY
In first currency pair USD is on second number so according
to news that USD go down we have to open a BUY position.
In the second currency pair USD is base currency so now
according to news that USD go down we have to open a SELL position.
Technical Analysis
One the other hand technical analysis also is so important
but less than fundamental, technical analysis is based on different type of indicators
and financial instruments. But in this type of analysis, understanding of
indicators is too much important because it’s also a skill.
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