Forex trading ways for prediction

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Forex Trading Ways for Prediction
Actually, Forex trading is like whether
prediction. Currency doesn't change in random
fashion. Instead defined by the market demand it
changes in predefined fashion. Therefore trading
is not impossible provided study and experience
is performed correctly. Currency prediction for
Forex trading is performed in two major ways.
First the technical indicators, second, the
market analysis based on economical and news
trends. In concurrent fashion both must be
done. Advanced traders must predict based on news
heard related to economy trends although,
beginners could predict only based on technical
analysis.
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Technical analysis is a smart way to predict
currency change based on mathematical formulas.
Users may not need to know mathematical details
concerned with this type of analysis. They need
to know only how those indicators used in correct
way. For instance, for stochastic indicators,
this way to predict currency change implies that
to see if the indicator number goes very low or
very high for relatively long period. In this
case a trading event appears and the trader may
buy or sell the currency being traded.
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On the other hand, economical analysis is used to
predict for currency change based on the
financial state of the country owning the
currency being traded. This depends on the
industrial level of the country and also the
political state of the country. For instance, if
the country is in war, it will affect the
currency value of that country. As mentioned
above, this type of analysis needs advanced
traders to be able to use it. The simpler is the
technical indicators and even not all of them as
some indicators may be difficult to use.
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FX trading strategy is a way to predict currency
change based on combination of technical
indicators and news analysis. For instance a
Forex strategy may have two technical indicators
like stochastic and MACD and no news analysis
included in the strategy. As a general rule,
more simple equal more success the trader must
use less amount of indicator for simplicity for
more successful strategy. This applies to many
fields in our life and not only in Forex trading.
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In Forex trading beginners could predict only
based on technical analysis but advanced traders
must predict based on news heard related to
economy trends. For instance, for stochastic
indicators, this way to predict currency change
implies that to see if the indicator number goes
very low or very high for relatively long period.
In this case a trading event appears and the
trader may buy or sell the currency being
traded. On the other hand, economical analysis
is used to predict for currency change based on
the financial state of the country owning the
currency being traded.
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