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Analytics for Forex
Analytics for Forex these are the conclusions of the trader on the further development of events in the market, taking into account any data which the trader considers significant. Each currency speculator there is a list of parameters to which it draws attention in the analysis of the market. Perhaps the assessment of the situation of a trader based on technical or fundamental parameters, i.e. to consider price levels or background.
The purpose of intelligence is prediction of the price movement of a selected trading instrument with a probability greater than 50%. To know exactly what will happen on the market in the future, nobody can, but to increase the chances of their assumptions is possible.
Consider a simple example of what can be based a Forex analyst who uses activities of fundamental analysis. If a person will notice that you start hard to bomb an oil country, "introducing" in her democracy, and China announced an increase in production capacity by several percent, it is logical to assume that oil will rise in price.
In the second example, the analyst will use technical analysis. People will notice that the price is moving within a price channel and is approaching the historic maximum. Then, perhaps, according to his calculations and observations he has to assume what will happen so-called "rebound" from the price level and so on.
Should we trust the analysts on Forex?
Very often the person, assesses the market situation is not a trader. That is, his work on Forex may be limited to a study of the exchange and drafting of opinions, recommendations and assumptions. While the man himself may not use them, but only to offer to others. Unfortunately, at the moment, this phenomenon has become very widespread.
It should be understood that a person can really be an expert in market analysis and not trade independently, but experience shows that the professionals generally work for large companies, not constantly sharing free tips online.
In order to check the professionalism of the specialist quite some time to follow its recommendations and what will happen on the market actually. Also, you should pay attention to the uniqueness of the evaluation, as some "experts" specifically vague outline probable from their point of view.
Thus, they have the possibility in case of failure, letting everyone know that the market situation was complex and ambiguous that they were pre-determined. Very comfortable position, even when the solid errors will repay the faith in the eyes of the listening analyst traders.
What is the interest?
Analyst in the foreign exchange market is very trendy direction, because novice traders, quite rightly, do not trust their solution on the market. You'll get a whole audience that needs advice and help in decision-making. In such a situation, the novice trader will be very difficult to know who to trust and who not. Due to the lack of experience can be easily mistaken with a choice of a professional, which assesses the state of the stock exchange indices.
Check the success of the recommendations or signals the person offering their services. If the specialist in addition to the recommendations provides some justification of their decisions, it will allow us to understand how it justifies its conclusions. Beware of ambiguous recommendations, hints of the complicated market situation and so on.
Of course, even the best analysts will be mistakes, but no one will represent the misunderstanding of the recommendation by the trader. Remember that any advice or opinion, this is just a guess, which has its own probability, but gives no guarantees.
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| Category: Forex | Added by: (06.11.2017)
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| Views: 287
| Rating: 0.0/0 |
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