What is Forex analytics?

One of the most important part of the trading process is a collection and analysis of information affect the market movements.The currencies direction, enter and exit market timing, the price value relatively to the certain time moment are the main questions disclosed by forex analysis.
Nowadays, forex analytics is a complex system of the methods and approaches includes technical and fundamental types of analysis.
The tools of fundamental analysis are:

  • political events
  • economic events
  • the main macroeconomic indicators (GDP, accounting rates of national central banks, unemployment and employment, business activity indices, etc.)

Technical analysis is a price changes forecasting by the statistical computer indicators, oscillators and graphic models based on price charts.
The obtained analytical data allow market participants to adequately assess the conjuncture in order to effectively build investment and trading strategies and tactics.

VN:F [1.9.22_1171]
Rating: 5.0/5 (5206 votes cast)
5.0 out of 5 based on 5206 ratings