Types of Forex Market Analysis
To begin, let’s look at three ways how you would analyze and develop ideas to trade the market. There are three types of market analysis:
1) Technical Analysis – Technical analysis is the framework in which traders study price movement.
2) Fundamental Analysis – Fundamental analysis is a way of looking at the forex market by analyzing economic, social, and political forces that may affect currency prices.
3) Sentiment Analysis – Sentiment analysis is used to gauge how other traders feel about a particular currency pair.