Two analyses are enough for trading. Technical and fundamental. Both analyses will give the best success rate.
I agree. Still, it is important to pick one and focus on learning it, rather than trying to learn both at the same time.
Since fundamental analysis is about looking at the intrinsic value of an investment, its application in forex entails looking at the economic conditions that affect the valuation of a nation's currency. Here we look at some of the major fundamental factors that play a role in a currency's movement.
Fundamental analysis is the process of breaking down the impact of political, economic and social factors on the relative value of a currency. Through identifying the primary drivers of a currency's intrinsic value, forex participants are then able to craft informed trading decisions.
Fundamental analysis can be quite useful if one is good at it, but it takes quite a few years to master, unfortunately.
Fundamentals analysis is one method to analyze the forex market through the lens of social, economic, and political forces that can influence the demand and supply of one's assets. However, among the general market traders, it is more well-known to use technical analysis. The only thing that is used for technical analysis is chart patterns and candlesticks. I also enjoy the technical analysis. When I trade, I utilize Eurotrader which is where my personal account manager assists me tremendously with my trading. I also appreciate their trading platform, which doesn't make fake candles, like other brokers.
Personally, I prefer technical analysis, because I understand it better. Fundamental analysis is a little out of my league.
In Forex trading Fundamental analysis is much more important than technical analysis so to get accurate fundamental analysis I think everyone should join in FreshForex broker as they provide daily fundamental analysis
