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Chapter 6, Part I. Different types of market analysis.

Discussion in 'Complete Trading Education- Forex Military School' started by Administrator, Apr 26, 2011.

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  1. Administrator

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    Part I. Different types of market analysis [​IMG]
    Commander in Pips: Congratulations, son. You’ve passed through our Enlisted grade. Now you are entering in Noncommissioned Officers grade with FX Sergeant Level. You’ve learned much about Forex, how it works, what does it consist from, when it has appeared. You’ve investigated how to read quotes, calculate margin, pro… (interrupting)…fit…

    Pipruit: Sir may be enough with that blah-blah-blah, or I will fall asleep before you’ll finish. You’ve promised that you will start to show me how to make money on Forex. I’ve borne all this stuff only thanks to hope that I will see something more than just some pages from history book.​

    Commander in Pips: Ok, son, you’ve just chose your poison – there will not be road back. You’ve decided to investigate dreadful and amazing FX market and try to turn it in stable source of profit. Just remember – the hard work, perpetual education process, practice and some painful losses and other unpleasant moments are awaiting you on this way. Or, you may finish with it – just return to ordinary job with fixed wage and work time, there will be no disappointments and hard work on this way. Choice is yours.

    Pipruit: No way, Sir – I choose to continue with FX market.​

    Commander in Pips: So be it. Let’s turn to the point then. Today I tell you about ways or types of market analysis. In fact the type of analysis means some way of judgment and assessment of market situation to make a decision about its perspectives. There are three well-known types of analysis:

    1. Fundamental analysis
    2. Technical analysis
    3. Sentiment analysis

    [​IMG]
    There are lot of arguments concerning what type of analysis is better. Although it will be perfect to have an excellent knowledge and practical skills for each type, but I will not state that it is absolutely necessary. Many market participants and authorities tell that it will be better if trader perfectly governs with all three ways of analysis. Well, it’s difficult to argue with this statement.
     
    #1 Administrator, Apr 26, 2011
    Lasted edited by : Feb 7, 2016
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