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Abstract:Suit up and say goodbye to your friends because at this moment, is where your journey as a Forex Trader begins.
By this time, you shouldve learned some history about forex, how does it work, what moves the prices, and all of that…
All of these are obviously super important, but we know youre now thinking...
Suit up and say goodbye to your friends because at this moment, is where your journey as a Forex Trader begins...
If you change your mind, this the last chance. Now or never...
Take the red pill, and none of these ever happen.
You still have a chance to go back and live your normal life...
OR…
You can take the green pill, which are completely stacked with the dollar separate, and figure out the way that you can bring in cash for yourself in the most active market on the planet, with just by utilizing a little intellectual prowess.
Do keep this in mind, your education will never stop.
Even after graduating from the School Of WikiFX, by all means necessary strive to pursue as much knowldege as you can, and turn yourself into a true FOREX MASTER!
The learning never ends!
Is it true that you are prepared to that responsibility?
Then take that green pill, shove it down your throat and wash it with a delicious chocolate milk, and grab your lunchbox... The School Of WikiFX is now in session!
Three Types of Market Analysis
To start, lets check out three different ways on how you can analyze and develops plans to trade the market.
There are three types of market analysis:
· Sentiment Analysis
· Technical Analysis
· Fundamental Analysis
There has forever been a consistent discussion concerning which one is better, however to come clean with you, its very important to learn about all three.
The situation is similar like standing on a three-legged stool.
If one leg is weak, the stool would‘ve broken under your weight and you’ll end up laying flat on your face.
It is exactly the same in trading.
Wait. If the stool are representing how trader goes about analyzing and ways of thinking on the market, then the brain is missing.
Be that as it may, pause! The stool needs more brains!
Technically, there should be three brains... to address the three distinct kinds of perspective…
Yes, there we go.
3 ‘brains’ is what you need when youre thinking about the market.
If you choose to ignore that one of your 3 types of analysis is weak,it will be very likely for you to lose out on your trade!
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.