You have already learned some things about the history of Forex, what impacts prices, how it works, etc…
All this is obviously very important, but now you are starting to think…
SHOW ME HOW
TO MAKE MONEY RIGHT NOW!!!!!!
Don’t say any more, my friends, because this is where your trading epic begins…
At this point you can still retrace your steps…
Take the red pill, forget everything, and we’ll take you back to your starting point.
You can go back and lead your average little life by doing the 3-8 and work for someone else for the rest of your life..
You can take the green pill, which is loaded with dollar extracts, and learn how to make money by yourself in the most active market in the world, simply by using a little grey matter.
Remember, your education will never stop. Even after graduating from the School of Pipsology, you must constantly pursue your studies as much as possible in order to become a MASTER in FOREX trading! Learning never ends!
Are you ready to invest yourself so much?
Now swallow this green pill, rinse your throat with a good milk chocolate and grab your snack box… the Pipsology school is activated!
Note: The green pill was developed using a brainwashing serum. You will now obey everything we tell you. Mwuahahaha!
Three Types of Forex Market Analysis
To begin, let’s look at the three ways to analyze and develop ideas for trading in the market. There are three types of market analysis on Forex:
- Technical analysis
- Fundamental analysis
- Sentimental analysis
There has always been an ongoing debate about the best form of market analysis, to be honest, you will need to know and master all three.
All this is like standing on a three-foot stool; if one foot is weak, the stool will give way under your weight and you will fall. The same truth applies to trading. If your analysis of one of the three methods of approach leaves something to be desired, it is more than likely that it will handicap your trade or worse, that you will end up with a loss!