Fundamental analysis is another type of market analysis technique. In that, the forex market is analyzing by its economic, social, and political forces that may affect the supply and demand of an asset. Using supply and demand as an indicator of where the price range could be headed is a simple possess meanwhile it’s hard to predict the factors which could affect the supply and demand . The fundamental trading analysis will help you to understand the forthcoming changes, some of the reports like an Unemployment rate, GDP and themonetary policy are important to predict the price movement. The idea behind this type of analysis is that if a country’s current or future economic outlook is good, their currency should strengthen. The better shape a country’s economy is, the more foreign businesses and investors will invest in that country. This results in the need to purchase that country’s currency to obtain those assets. Every week, countries related to forex market use to release their economic reports which are associated with the market; this will help traders to get an outlook on the country economic status. (i.e) Whether is that worthy to make the trade on this currency or not. HIT LIKE, COMMENT AND FOLLOW FOR MORE UPDATES. FOREX TRADING / FOREX TRAINING […]
The pivot point is one of the necessary subjects to learn before starting to do trades. What is the pivot point? The pivot point is the point to calculate the overall movement in the different time frames. The pivot point itself is a sum of High, low and closing prices from the previous day divided by three. PIVOT POINT=Previous high+previous low+previous close/3. In the modern trading way, we have a specified indicator to find it out. No need to calculate Just a click is enough. BREAKING DOWN PIVOT POINT The pivot point is often used in conjunction with calculating support and resistance levels, similar to the trend line analysis. The first support and resistance levels are calculated by using the width of the trading range between pivot point either high or low prices of the previous day. RE-ACTIONARY POINT The pivot point is considered as a reactionary price level. The Prices tend to pause or deflect when the pivot point is initially tested. Combining pivot points with other trading strategy is a common practice with traders. HIT LIKE,COMMENT AND FOLLOW FOR MORE UPDATES. FOREX TRADING / FOREX TRAINING / FOREX ACCOUNT OPENING CONTACT US Mail : [email protected] Skype […]
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