Introduction To Technical Analysis for CFD And Forex Trading
Fundamental, technical, quantitative… There are a number of methods used by forex traders to predict the movements of currency pairs. Some traders focus on news, interest rates and economic variables while others prefer to use charting tools and indicators to guide their trading decisions.
Not every trader believes in using technical analysis, but it can be useful, even if it is not your primary method of trading. Technical analysis relies on the price that is on the chart you are using. Most charting systems will allow you to add technical analysis tools as overlays on your chart