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What are the types of analysis need to do in forex trading?

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The trader uses previous price data to determine future price movement is called analysis. There are two types of analysis technical and fundamental. Both are important to trade effectively. Some traders ignore fundamental analysis. It is equally important as a technical term. I learned about technical and fundamental analysis from Eurotrader free educational courses.

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The two basic types are fundamental and technical analysis. They complement each other well so it's best to use both of them in your trading. Some people mention sentiment analysis as a third type - it kind of ties into fundamental analysis, taking into consideration how the majority of investors feel about a certain asset currently.

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On 6/22/2021 at 6:52 PM, gds221 said:

I believe that the trader himself still plays an important role here. Including the type of analysis also depends on the trader's approach to work.

If we will make use of such kind of analysis that is easy for us to understand then our income will also increase.

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