Forex trading is a potential investment. People can be rich in here. In the other side, forex trading also has the high risk. When you make the bad analysis, the impact can be so serious. There is no profit for you. All you get is only loss. To reduce the risk, you need to make the good analysis. At least, there are three analysis types to know. By knowing it, you will know what to do.
For the most people, there are only two analysis types. Those are technical analysis and fundamental analysis. Actually, there is one more analysis. That is analysis of market sentiment. Technical analysis related with price movement. In the other side, fundamental analysis use the different approach. In fundamental analysis, observations were made based on the social, economy and politic factors. Sometimes, this analysis type looks simple, but the impact can be so great.
Analysis of market sentiment is something different. This analysis related with the confidence of the most market participants. When the most market participants believe in one thing, market will move like their belief. For this, market participants need to know about how to read market sentiment. By combining these analysis types, success in Forex Trading will never be impossible.
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