Market Analysis for beginners

[sahara]

To make informed trading decisions, it is essential to perform market analysis. There are two primary methods: technical analysis and fundamental analysis. Technical analysis involves studying price charts, patterns, and indicators to identify potential entry and exit points. Fundamental analysis focuses on economic indicators, central bank policies, and geopolitical events to gauge the overall health and potential future direction of a currency.

 

[Fin_Trader]

Yes, we definitely need to study these two types of analysis in order to create our own trading strategy based on them. After all, only it can give us signals to make reasonable trades, as well as show the correct places to set our stop losses and take profits.