Which Of The 2 Forex Strategies Is Right For You? Posted By: Cedric Welsch

Choosing the right Forex strategies is important for being profitable long term. If you want to make money with Forex, you obviously need to have a consistent method you can fall back on again and again.

Different Methods For Making Money With Foreign Exchange

There are 2 main currency trading strategies today-technical and fundamental analysis. The former is probably the most popular in the Forex market. As with technical analysis in the stock market, the main premise is to make money short term from an investment. The only difference is that you are dealing with currency pairs, instead of stocks. Obviously it is not a secret that price shifts between pairs take place. While fundamental analysis attempts to predict why the shifts are happening and what they will do long term, technical analysis is only interested in the fact that they happen. The key to successful technical analysis is reading stock charts.

This Is Not Easy

There are a number of variables you have to take into account when reading Forex charts. It is not as difficult as reading stock charts, but Forex charts are still somewhat complicated.Forex strategies technical analysis

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