Basic Forex forecast methods: Technical analysis and fundamental analysis
This article provides insight into the two major methods of analysis used to forecast the behavior of the
Forex market. Technical analysis and fundamental analysis differ greatly, but both can be useful forecast
tools for the Forex trader. They have the same goal - to predict a price or movement. The technician
studies the effect while the fundamentalist studies the cause of market movement. Many successful
traders combine a mixture of both approaches for superior results.
This article provides insight into the two major methods of analysis used to forecast the behavior of the
Forex market. Technical analysis and fundamental analysis differ greatly, but both can be useful forecast
tools for the Forex trader. They have the same goal - to predict a price or movement. The technician
studies the effect while the fundamentalist studies the cause of market movement. Many successful
traders combine a mixture of both approaches for superior results.
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