Types of analysis

There are two noteworthy analysis for trading. Those are technical analysis and fundamental analysis. A few traders utilize technical analysis as their trading instrument, some are utilizing fundamental analysis for their trading. Also, there are traders who consolidate both technical analysis and fundamental analysis for their trading.

UweMoench posted:
There are two noteworthy analysis for trading. Those are technical analysis and fundamental analysis. A few traders utilize technical analysis as their trading instrument, some are utilizing fundamental analysis for their trading. Also, there are traders who consolidate both technical analysis and fundamental analysis for their trading.

I also trade with technical analysis. But when I do technical analysis it combines fundamentals.

Technical and fundamental analysis are the most common ones to use, and indeed many people use one of them based on their trading style.

You are missing out one more - Sentiment Analysis, although that is not popular these days because they are somewhat based on the sentiment of the market via bull or bear behavior which can be inaccurate sometimes.

forextrader777 posted:
1. Technical Analysis - The probability of future prices is determined by studying historical price movements. It is done with the help of charts and graphs.
2. Fundamental Analysis - It determines how the currency prices are affected by economic, social and political factors of any country.
3. Sentiment Analysis - The opinion of traders matters a lot and what position they are taking directly creates the sentiment of the market. So it can be determined whether the market is bullish or bearish based on the sentiment of the market.

Nicely said. Every trader should follow all three analysis.

There are different types of analysis in Forex trading. Each one is making a profit through a different trading strategy.

Technical analysis is dependent on past price movement data to predict a currency pair's future value.
​​​​​​Fundamental analysis is dependent upon analyzing current factors, predicting future factors, which can affect a country's economy.
Sentiment analysis is based on how many people are buying or selling a particular currency, or their thoughts about which direction a currency will go.

A system becomes simple when we understand it completely. There is a very deep link between a system and our mind. Something you just know you can't express it in words. When your instinct and system merge it becomes simple one.

There are many types of analytics in trading, each of which uses different methods to make a trading profit. If you want to make money, you have to develop a strategy first.

I`m more into TA.

I prefer the blend of fundamental and technical analysis.

Yes and both of these are really important for trading, and nearly every trader should pay close attention to it.